Wamda

U.A.E

Dubai Council launches Dubai Future District and $272 million fund

Source: Mubasher Dubai is set to launch a new stock market and a AED 1 billion ($272,265,200) fund to support new-economy companies,...

Dubai future district

Saudi Arabia

Leap raises six figure seed funding

Source: MenaBytes Riyadh-based coffee pre-ordering startup Leap has raised six-figure (USD) seed funding, it...

seed Funding Coffee

U.A.E

Group 42 acquires Bayanat

Source: Emirates News Agency Group 42, an Abu Dhabi-based artificial intelligence and cloud computing company, announced today that it...

uae Data Acquistion

Morocco

Mubawab raises $7 million

Morocco-based real estate platform Mubawab has raised $7 million funding from Emerging Markets Property Group (EMPG), a UAE-based real...

Real Estate morocco Digital platform

U.A.E

Abu Dhabi invests in fintech blockchain start-up

Source: Zawya The Abu Dhabi Investment Office (ADIO) has invested in Securrency, a US-based developer of blockchain-based financial and...

Fintech Blockchain Investment

Saudi Arabia

Saudi government to support up to 50 per cent of salaries in private sector

Source: News1 The Human Resources Development Fund launched “Hadaf”, a campaign (# goal_ supports you), directed to private...

saudi Employment fund

Saudi Arabia

Saudi Aramco plans $500 million fund

Source: The National Saudi Aramco Energy Ventures, a subsidiary of the kingdom’s state-owed oil producer, is planning to set up a...

energy oil & gas fund

U.A.E

SpiderSilk raises $500,000

Source: MENAbytes Dubai-based cybersecurity startup SpiderSilk has raised $500,000 seed in a round led by Global Ventures, and joined by...

cyber security cybersecurity

Regional

Mena startups raise $704 million in 2019

Source: Gulf News Investments in startups in the Middle East and North Africa rose 13 per cent to $704 million last year as more...

Investment MAGNiTT

Global

VentureSouq exits Frontier Car Group

UAE-based investment platform VentureSouq has sold its stake in German-based Frontier Car Group, an online and offline used-car...

VentureSouq Germany Exit

Global

Uber completes acquisition of Careem

Uber has confirmed the official close of its acquisition of UAE-based Careem for $3.1 billion, but is still awaiting regulatory approval in...

Careeem Uber acquisition

Saudi Arabia

Wadi Makkah invests in Pavegen

Wadi Makkah Ventures Company has invested in UK-based Pavegen’s Series A round. Pavegen is a clean-tech company, that installs...

clean tech energy

Saudi Arabia

HyperPay raises eight-figure investment

Source: MenaBytes Riyadh-headquartered payment processing platform HyperPay has closed an eight-figure USD investment, it announced...

PAYMENT Fintech saudi

Oman

Muscat Bank announces new $100 million fintech investment programme

Source: Fintech News BBank Muscat announced that the Central Bank of Oman has approved the bank’s request to launch a $ 100...

Investment fund Bank

Saudi Arabia

Sadeem raises $2.6 million from Wa'ed Ventures

Source: Sadeem Sadeem, a wireless environmental sensing systems spinout company from King Abdullah University of Science and Technology...

Wa'ed KAUST

U.A.E

Mubadala leads investment in Glovo

Source: CNBC Spanish food delivery app Glovo has raised 150 million euros ($167 million) in a fresh round of funding to ramp up...

Mubadala Investment Company

U.A.E

JumpAdvisor raises seed investment

UAE-based JumpAdvisor recently raised a seed investment round from an angel investor, valuing the company at $400,000. JumpAdvisor is an...

seed investment

Morocco

Moroccan investment fund acquires stake in SOWIT

The SEAF Morocco Growth Fund has completed its fourth investment with its acquisition of a stake in SOWIT, a France-based company that uses...

Agriculture agritech

Saudi Arabia

PIF launches $1 billion fund of funds

Source: Arab News Saudi Arabia’s Public Investment Fund (PIF) has launched a new investment vehicle aimed at boosting small and...

Public Investment Fund

Egypt

R2S raises six-figure investment in Pre-Series A

Source: Egypt innovate The leading tech investor A15 pumped a six-figure investment into pioneering Egyptian e-commerce...

Investment Logistics Delivery

U.A.E

Adasat.com raises $350,000 in funding

Source: Laffaz Adasat.com is a new e-commerce platform based in Dubai that has recently raised $350,000 with the help of local...

contact lenses eye glasses sun glasses

Saudi Arabia

Sabbar raises $1.5 million seed

Source: MENAbytes Saudi-based recruitment technology platform Sabbar has raised $1.5 million in a seed round led by Dubai’s...

MiSK 500 startups Job Recruitment

Egypt

DentaCarts raises $450,000 seed round

Egypt-based dental marketplace DentaCarts has raised $450,000 in seed funding from AUC Angels, Asia Africa Investment &...

dental platform seed investment

Saudi Arabia

Wamda co-leads $3M Series A round in online floral marketplace Floranow

Wamda, the Middle East region's leading startup ecosystem enabler, has co-led a $3 million Series A round with Global Ventures in...

Series A Floranow

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