Gate Capital News Letter | Issue 760

Bitget, the world’s largest Universal Exchange (UEX), has launched Project Archimedes, a $300 million institutional capital programme aimed at supporting quantitative trading firms, asset managers and market makers across the Middle East and North Africa region.

Capital Provider Program ($100 million): Allocated to accelerate emerging and growing quantitative firms running market-neutral strategies. Bitget will provide capital, with returns shared under an agreed structure and risk framework.

Emirates NBD, a leading banking group in the region, has announced a strategic partnership with Dubai Future District Fund (DFDF) to drive FinTech and AI innovation and enhance customer experience.

DFDF is Dubai’s AED 1 billion evergreen venture capital fund of funds, strategically anchored by both the Dubai International Financial Centre and the Dubai Future Foundation.

Bahrain-based insurtech startup Soor has secured an undisclosed pre-Seed investment from Spring, a venture studio and ecosystem builder backed by London-based investment firm Salica and Bahrain’s Al Waha Fund of Funds. The funding will support the startup’s product development and growth plans. Soor will use the investment to develop its platform, expand partnerships with insurance providers and improve the customer experience, while strengthening its presence in Bahrain.

The United Arab Emirates (UAE) is considering investing as much as ¥1 trillion (US$6.33 billion) to build an AI data centre in Japan.

The board of directors of Oman and Emirates Investment Holding Co. SAOG has decided to issue a non-binding expression of interest to acquire the Finance Corporation SAOG (Fincorp).

No financial terms of the potential acquisition was disclosed.

Egypt’s Fort Capital Group plans to invest up to $250 million in a new food production facility in Ain Sokhna as it expands into international markets and targets annual production capacity of around 600,000 tonnes by 2032, a top company executive said.

Saudi Arabian real estate firm MSGA Investment Company has expanded its portfolio with the acquisition of a new plot valued at approximately SAR 14.7 million ($3.92 million).

The 6,509-square-metre land plot, located in Riyadh’s Tuwaiq district, will be used to build a residential development featuring around 115 homes.

The investment was financed through the company’s own resources.

The financial impact of the deal will reflect positively on the company’s results in 2027and 2028, the firm said.

Al Rajhi Capital and LogiPoint have signed a Memorandum of Understanding (MoU) establishing a dedicated investment fund for the development of the South Jeddah Logistics and Industrial Park, a landmark mixed-use logistics and industrial development in South Jeddah with a total investment value of approximately SAR5 billion ($1.3 billion).

UAE-based customer intelligence startup Cobi has raised $1 million in a pre-seed round led by Lunara Partners, with participation from Plug and Play, Annex Investments and Spring.

Arab Therapy, a leading AI-powered mental health platform, founded by Dr. Tareq Dalbah (CEO) and Hekmat Al Hasi (CPTO), today announced the closing of a $2 million Pre-Series A funding round.

UMAMI E-Learning Solutions, a leading Egyptian provider of digital learning and workforce development, has announced the launch of its Learning Operating System (LOS™), a next-generation intelligent learning infrastructure built to serve governments.

Bahrain-based digital consumer finance platform Skyro said it plans to expand into Saudi Arabia and has appointed former Mastercard executive Maria Medvedeva as managing director for the Middle East.

Abu Dhabi sovereign wealth fund Mubadala Investment Company has boosted its stake in Aldar Properties as the emirate’s biggest developer continues to expand its operations.

Mubadala, through its subsidiary Mamoura Diversified Global, has increased its shareholding in Aldar from 27.01 per cent to 28.03 per cent of the company’s issued share capital.

Dubai South Business Hub Free Zone (DSBH) has entered into a strategic collaboration with DHL Express, a leading international express logistics provider, thus reinforcing its commitment to building a thriving business ecosystem that enables entrepreneurs and small and medium-sized enterprises (SMEs) to grow, scale, and compete globally.

SAB Invest has rolled out an open-ended Shariah-compliant global equity fund, targeting retail and institutional investors in Saudi Arabia.

The SAB Invest Global Select Equity Fund seeks to generate returns by investing in a concentrated portfolio of top global businesses rather than chasing short-term market trends.

The portfolio will include companies operating in high-growth sectors like artificial intelligence, cloud computing, innovative healthcare, as well as technology-enabled industries, among others.

Silverwell, a provider of innovative gas lift solutions to the oil and gas sector, has been awarded a multi-million-dollar, multi-well contract with a leading Middle East operator for the deployment of its Digital Intelligent Artificial Lift (DIAL) technology.

Saudi utility giant Acwa Power said it consortium with US group Air Products has completed construction work on the mega green hydrogen project at Oxagon located within Saudi Arabia’s mega futuristic city NEOM, and commercial operations are set to begin next year, reported Energy Intelligence, citing a senior official.

Investments by Emirati youth in Sharjah’s real estate sector reached a cumulative value of AED 4.3 billion as of August 2026, through 7,052 properties traded by 5,314 young individuals. This reflects their growing position as strategic partners and their strong confidence in the attractiveness of the emirate’s economic and legislative environment.