Author: Arabian Media staff

Edan Alexander, a dual Israeli American national, was released following pressure from President Trump, who is set to travel to the region. Source link

The Nuclear Company is taking an old approach to building new nuclear reactors. Rather than gin up a new design or try to mass manufacture smaller reactors, it wants to develop a series of reactors using existing designs. The two-year-old startup announced a Series A last month that included investments from CIV, Goldcrest Capital, MCJ Collective, True Ventures, and Wonder Ventures, though it did not disclose the amount raised. Now, TechCrunch has learned that the company has secured $51.3 million in a Series A, bringing the company’s total funding to $70 million. The Nuclear Company was founded in 2023 by…

Saudi fintech company JeelPay announced securing $6.6 million (SAR 25 million) in a Pre-Series A funding round. Joa Capital, AlJazira Capital and other angel investors participated in the startup’s latest funding round. The fresh capital is to be deployed for funding the company’s expansion plans. The Buy Now, Pay Later (BNPL) firm, which provides education financing, is one of the latest businesses to attract significant interest from investors looking to cash in on the GCC’s growing start-up community. Middle East food tech start-up Calo has recently raised SAR 94 million in a Series B funding round. The firm intends to…

The move was the latest victory for Syria’s new government as it attempts to stabilize the nation after a long civil war and decades of dictatorship. Source link

Roughly a month after Moonvalley, a Los Angeles-based startup developing AI tools for video creation, said it secured $43 million in new funding, the company has raised more, according to a filing with the SEC. The filing, submitted Thursday, reveals that Moonvalley actually landed (so far) around $53 million total from a group of 14 unnamed investors. The filing indicates that this is an additional $10 million in cash, rather than a whole new round. It brings the company’s total raised to about $124 million, estimates Pitchbook, following on the heels of Moonvalley’s $70 million seed round last November. Moonvalley declined…

2025 is predicted to be a break-out year for startup funding in the UAE, poised to soar several notches up from the estimated $2 billion last year – which itself is estimated to have tripled from the previous year’s level, on the back rising investor confidence amidst stability and growth in the sector in the region. Artificial intelligence, fintech, climate tech and health tech are expected to dominate the funding landscape in the region in the current year, with AI, especially generative AI, expected to draw massive investor attention due to its transformative potential across industries in the region, a sector expert said. The…

The authority offered scant information about why it issued the ban in January, and it maintained that stance in announcing that it was rescinding it. Source link

Databricks just snatched up another AI company. This week, the data analytics giant announced a $1 billion acquisition of Neon, a startup building an open source alternative to AWS Aurora Postgres. It’s the latest in a spree of high-profile buys, joining MosaicML and Tabular, as Databricks positions itself as the place to build, deploy, and scale AI-native applications.  Today, on TechCrunch’s Equity podcast, hosts Kirsten Korosec, Max Zeff, and Anthony Ha unpack the Databricks-Neon deal, where Neon’s serverless Postgres tech fits into the larger vision, and whether $1 billion still counts as “a lot of money” these days (spoiler: Kirsten…

According to Vadim Kouznetsov, Founder of JobX Dubai and business startup expert, the emirate’s business environment rivals major global cities in its attractiveness to entrepreneurs. “Having lived and worked in London, Munich, and Moscow, I can say that Dubai stands out as the most business-friendly city,” Kouznetsov said in an exclusive interview with Arabian Business. “It reminds me of London 20 years ago – incredibly diverse with 200+ nationalities, predominantly expat population, and an openness to new ideas that’s hard to find elsewhere.” The UAE’s appeal extends beyond its zero income tax and low VAT rates. What sets it apart,…

Here’s the latest. Source link