Saudi Arabia’s Ninja Becomes Newest Tech Unicorn Following $250 Million Funding Round

Saudi Arabia’s fast-growing delivery startup Ninja has secured $250 million in funding led by Riyad Capital, reaching a $1.5 billion valuation and becoming the Kingdom’s newest tech unicorn. The funding highlights Saudi Arabia’s expanding venture capital ecosystem and startup scene, supporting the government’s efforts to diversify the economy. Ninja plans an IPO by 2027 and operates in multiple Gulf countries, reflecting regional growth in tech-driven logistics services.

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Algeria’s Ministry of Posts and Telecommunications Reports Major Upgrades in Annaba’s Networks and Postal Services

Annaba State has seen major progress in telecom and postal services, with a 46% rise in fiber subscribers, new mobile stations, digital skills training, and expanded postal offices. The Ministry of Posts and Telecommunications said these achievements highlight Algeria’s commitment to innovation and improved citizen services.

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Bangladesh to Launch Unified Business Portal to Streamline Investment Services

The Bangladesh Investment Development Authority (Bida) is set to launch the Bangladesh Business Portal, a unified digital platform to streamline investment services. The portal will integrate existing government systems, allowing investors to access all necessary services through a single interface, simplifying the process for local and foreign entrepreneurs.

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