The Kingdom's National Technology Development Program has teamed up with Outlier Ventures, a global Web3 accelerator, to boost the technology sector in Saudi Arabia.

Through this collaboration, the Base Camp Web3 accelerator program will help grow promising Web3 startups in the Kingdom, providing them with guidance on product development, entity structuring, and token design from Outlier Ventures' experts.

Outlier Ventures, a leading Web3 venture capital firm, is partnering with the Saudi Arabian government to launch the first deep tech Web3 accelerator program in Riyadh.

The collaboration, which aligns with Saudi Vision 2030, aims to nurture global entrepreneurial talent in the Web3 ecosystem within the Kingdom.

Startups participating in the program will gain insights and networking opportunities from leading mentors and investors in the Web3 domain.

The accelerator program is set to begin in 2024.

Stephan Apel, CEO and founding partner of Outlier Ventures, expressed his dedication to technological progress and the rapid pace of change and development in the Kingdom.

Inbox Business Technologies, a Pakistani company with over 1,800 professionals and expertise in business applications, managed services, cloud migration, digital security, and cybersecurity, has partnered with AstroLabs to expand into the Saudi Arabian market.

The collaboration will lead to the establishment of Inbox Business Arabia, allowing Inbox to tap into the growing digital sector and make a strategic entry into the Kingdom.

Inbox Business Technologies is part of the Dawood Group and is known for delivering innovative technology solutions in Pakistan.

Inbox Technologies Arabia, led by CEO Mohsin Ali, is expanding its business in Saudi Arabia with projects including a content management database for a multinational corporation in Jeddah and IT services for major IT enterprises.

Separately, True Gamers has teamed up with Takefluence, with CEO Archie Rudyuk, to launch an ambassador program for gaming enthusiasts and content creators, allowing them to showcase their creativity, reach larger audiences, and monetize their passion.

Takefluence, a platform that helps brands manage influencer campaigns, and True Gamers, a global esports gaming cafe network based in the UAE, have formed a partnership.

The collaboration aims to combine resources and expertise to create a platform for gamers and content creators, and establish the Middle East as a hub for gaming innovation and creativity on a global scale.

Archie Rudyuk, CEO and co-founder of Takefluence, and Vlad Belyanin, co-founder of True Gamers, both expressed their shared vision for the future of gaming and esports in the region, emphasizing the importance of community engagement and technological innovation.

Deliveroo UAE has partnered with Kayali, a prestigious perfume brand, to offer luxury fragrances as an exclusive aggregator on its new shopping vertical.

This collaboration expands Deliveroo's offerings and reinforces its commitment to providing premium shopping experiences.

Separately, MBC Group has acquired a significant stake in Anghami, a leading digital music streaming platform in the Middle East.

These developments underscore Deliveroo's position as a trusted platform for brands and a provider of unique value to customers in the UAE, while MBC Group strengthens its presence in the digital media sector.

MBC Group, a Saudi Arabian media company, bought over 4 million shares in music streaming service Anghami, increasing its ownership to 13.7% and raising the stake's value to $6.48 million.

Anghami's share price surged 59% following the news.

In other news, Pakistan's Inbox Business Technologies partnered with Astrolabs to enter the Saudi market.

True Gamers and Takefluence launched an ambassador program for the gaming community.

Deliveroo UAE partnered with Kayali, a prestigious perfume brand, to expand its offerings.

Two Middle Eastern startups, Ahlan App from Bahrain and Sprints.ai from Egypt, have each raised $3 million in funding.

Ahlan App, a loyalty program and delivery service, was led by Hope Ventures with investments from Al Rajhi Holdings and angel investors.

Founded in 2021 by Faisal Rashed, Ahlan rewards users with cashback for dining in, picking up, or home delivery services.

The funds will be used to expand market presence, enhance customer loyalty, and grow services.

Sprints.ai, an edtech firm, was led by Disruptech Ventures with contributions from EdVentures and Challenge Fund for Youth Employment.

Founded in 2020 by Ayman Bazaraa and Bassam Sharkawy, Sprints.ai aims to provide personalized learning experiences for students.

The funds will be used to scale operations and expand reach.

AI is addressing the tech talent shortage in the Middle East and Africa by providing a hiring program to prepare and place qualified candidates in the job market.

With new funding, AI aims to expand into 10 new markets, furthering its mission to bridge the technology education gap in the region.