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Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

UAE’s Elkaso raises $2.1m in pre-seed round

  • UAE-based business-to-business marketplace Elkaso has raised $2.1 million in a pre-seed round
  • The capital injection will be used to expand Elkaso’s team

Elkaso, the United Arab Emirates-based company, has raised $2.1 million in a pre-seed round, with Global Founders Capital leading the funding round.

There was also participation of MSA Capital and other regional investors in the funding.

The startup provides a platform for restaurants to fulfill their supply chain needs, much like how consumers order food from applications like Talabat and Zomato.

“We are building the Elkaso platform to close this gap in the Middle East and North Africa region and to improve transparency in the food supply chain,” one of its founders Manar Alkassar said.

He added: “The app seamlessly connects restaurants and suppliers, enabling them to communicate, discover, place, and fulfill orders easily.”

The capital injection will be used to expand Elkaso’s team, and to explore opportunities in other markets.