Founders, funding rounds and exits reshaping the Gulf. From the seed deals you missed yesterday to the unicorns minting next quarter — covered with discipline by the region's most-cited startup desk.
Tabby raises $200 million Series D at $1.5 billion valuation, eyes Saudi IPO in 2027
The BNPL pioneer's latest round, led by Wellington with participation from PIF's growth vehicle, sets the highest mark to date for a MENA-headquartered fintech and clears the path for a domestic listing within 18 months.
PN
Priya Nair
Fintech Correspondent · 10 June 2026, 09:14 GST
Updated 47 min ago
Venture CapitalAnalysis
UAE startup ecosystem hits all-time high with 847 active deals
DIFC and ADGM are pulling closer to parity as both jurisdictions roll out new founder visa programmes — and the headline number masks a meaningful shift in deal stage mix.
Khalid Mansour · 09 June 20267 min read
Venture CapitalQuarterly
Careem Ventures backs 12 new MENA startups this quarter
The corporate VC's portfolio now includes 47 active investments, with a clear pivot toward Saudi-headquartered B2B SaaS and vertical AI in the last two quarters.
Omar Abdullah · 08 June 20265 min read
Venture CapitalMacro
GCC venture capital deployment up 34% year-over-year, driven by Saudi mega-rounds
Sovereign LPs are accounting for an unusually large share of late-stage rounds — and the resulting valuation pressure is starting to show up in mid-stage marks.
Khalid Mansour · 07 June 20268 min read
AI · Saudi ArabiaNewsroom
OpenAI expands Gulf operations with new Riyadh office, partners with KAUST on Arabic model
The first major foundation-model lab to plant a flag in the Kingdom signals a broader shift in where the next wave of model work will get done — and on whose data.
Sarah Mitchell · 06 June 20266 min read
FintechLicence
STC Pay gets full digital banking licence from SAMA
The first fully digital banking licence issued in the Kingdom paves the way for a wave of foreign and domestic challengers — and resets the competitive map for traditional banks.
Omar Abdullah · 05 June 20265 min read
Saudi Arabia · StartupsEvent
Riyadh Fintech Week draws record $2.1 billion in VC pledges
The event's third edition formalised eight new fund commitments and surfaced a clear shift in LP appetite toward later-stage Saudi-headquartered companies.
Priya Nair · 04 June 20264 min read
Saudi ArabiaMacro
Saudi Vision 2030 attracts record foreign direct investment
Q1 FDI inflows hit a multi-year high as international corporates lock in long-duration commitments tied to the Kingdom's diversification roadmap.