Wamda

Lebanon

Lebnet Ignite#4 graduates 8 startups

Lebnet Ignite#4, a program designed to immerse Lebanese startup founders in the Silicon Valley culture, graduated this year eight startups....

LebNet Lebnet Ignite

Lebanon

AUB and UKLTH to fund diabetes solution

UK Lebanon Tech Hub (UKLTH) announced today that it will fund the research and development of Ediamond (electromagnetic diabetes monitoring...

news watch UK Lebanon Tech Hub aub

Saudi Arabia

STC announces the establishment of its $500M VC fund, STV

Saudi Telecom Company (STC) announced today the establishment of STV, a technology venture capital fund of $500 million. STV will have...

STC STV Saudi Arabia

Global

Hikma Ventures co-leads $11M Series A round in US startup

Hikma Ventures has participated in a $11 million round of financing for Lemonaid Health. The Series A funding round was led by Novartis...

Hikma Ventures Hikma Pharmaceutical Healthcare

Lebanon

Darwazah Contest Awards proves everyone's a winner

Eight startup ideas were selected to take part in the Darwazah Contest Awards, which took place at the American University of Beirut (AUB)...

Darwazah aub

Egypt

Cairo Angels invests in Orcas

Cairo Angels announced its investment in Orcas, an edtech startup for education, tutoring and caregiving services. Formerly Cairo...

cairo angels Orcas

Egypt

GE Egypt Digital Innovation Challenge announced the winners

Last week, the GE Egypt Digital Innovation Challenge announced three winners, on May 22nd, after reviewing more...

Egypt Egypt Innovate tiec

U.A.E

Compareit4me.com raises $3.5M

Comparison site Compareit4me.com announced today securing $3.5 million from existing investors including Wamda Capital, STC Ventures, Dubai...

Compareit4me.com Investment Wamda Capital

U.A.E

Emaar Malls acquires 51% stake of online fashion retailer Namshi for $151M

Global Fashion Group (GFG), an international online fashion destination, announced today a strategic partnership with Emaar Malls, the...

Namshi Emaar Malls Mohamed Alabbar

Qatar

QSTP and 500 Startups host Investor Day at the Qatar National Convention Center

Fifteen new startups were given the opportunity today to pitch their business ideas to potential regional and local investors during the...

Qatar Science and Technology Park QSTP 500 startups

U.A.E

Careem and OSN partner for discount rates and enhancing customer experience

Careem and OSN announced a strategic partnership May 22. The partnership promises to deliver enhanced benefits to customers of both...

careem OSN Telcos

Regional

Alabbar acquires large stake in MEVP

Middle East Venture Partners (MEVP) announced May 18 that Mohamed Alabbar, acquired a large stake in the company to create one of...

Alabbar emaar properties MEVP

Saudi Arabia

Taqadam announced the winners at the Saudi university startups program

The six-month long startup program, Taqadam, announced the first showcase winners, at King Abdullah University of Science and Technology...

Taqadam KAUST unversity startup program

Regional

Facebook selects finalists for Bots for Messenger Challenge

Facebook has selected 60 finalists from the hundreds of entries it received from across the Middle East and Africa for the Bots for...

Facebook Messenger Bots

U.A.E

Intelak Incubator startups are one step closer to reality

Earlier this month, the four winning teams from Intelak, which means ‘take off’ in Arabic, successfully pitched to investors,...

Intelak MEMakersGE

Bahrain

Flat6labs and Al Baraka Banking Group to support entrepreneurs

Al Baraka Banking Group and Flat6labs signed an MOU to collaborate in a series of activities including creating the startup and...

Flat6Labs Al Baraka Banking Group entrepreneurship

Tunisia

Tunisian startup Expensya raises $1.10M

The Expensya startup, which digitizes company expenses, offers companies and accounting firms cloud, web, and mobile software to report...

startup France frais

Egypt

Uber launches UberBoat in a partnership with Nile Taxi

Uber is partnering with the luxury Nile transport company NileTaxi to introduce UberBoat to Cairo starting yesterday (Tuesday, May 16)...

UberBoat Uber Egypt

Regional

Logistics company secures $41M in Series B funding

Fetchr, a tech company disrupting the traditional logistics sector in the MENA region, secured 41 million dollars in a Series B...

Fetchr New Enterprise Associates Inc. Idriss Al Rifai

Lebanon

Over 400 students in Girls Got IT in Tripoli

The third edition of ‘Girls Got IT’ was held in Tripoli, Lebanon on May 13, 2017. It is a joint Initiative between five...

STEM

Egypt

Endeavor Catalyst Fund closes first $500,000 investment in Egypt

Endeavor Catalyst Fund, Endeavor’s co-investment vehicle, concluded its first investment in Egypt contributing 500,000 dollars to...

Investment fund statups

Pakistan

She Loves Tech Startup Competition goes to Pakistan

CIRCLE brings unique opportunity for one Pakistani startup to attend a bootcamp in China through ‘She Loves Tech Global Startup...

She Loves Tech Women women entrepreneurs

Lebanon

IM Capital invests in Bokja Design

Bokja Design Studio recently got funded by IM Capital and an angel investor (who preferred to stay anonymous). The [undisclosed] amount...

Bokja Design im capital investement

U.A.E

24 Emirati Nationals graduate from Flat6Labs Future Innovators Academy

This week marked the graduation ceremony of the Future Innovators Academy, a one-month innovation program run by Flat6Labs Abu Dhabi and...

Flat6Labs turn8 Future Innovators Academy

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