Venture debt funding in MENA crosses $260 mln across 18 deals in 2022 Venture debt funding in MENA crosses $260 mln across 18 deals in 2022
SHUAA Capital, the region’s leading asset management and investment banking platform, and MAGNiTT, the largest verified data...
Economy
Mass tech layoffs spawn new wave of startups, in echoes of dotcom crash Mass tech layoffs spawn new wave of startups, in echoes of dotcom crash
Nic Szerman lost his job at Meta Platforms in November, just two months after joining full-time, falling victim to a sweeping 13...
Economy
DIFC reaffirms position as region’s global FinTech and innovation hub DIFC reaffirms position as region’s global FinTech and innovation hub
Dubai International Financial Center (DIFC), the leading global financial center in the Middle East, Africa and South Asia (MEASA)...
Technology
Startups from Palestine get well-deserved spotlight on Dubai's global stage Startups from Palestine get well-deserved spotlight on Dubai's global stage
A two-day event to introduce regional investors and venture capital funds (VCs) to promising Palestinian startups with...
Economy
Abu Dhabi fund ADQ invests $125 mln in region’s first female-led Aliph Capital Abu Dhabi fund ADQ invests $125 mln in region’s first female-led Aliph Capital
Abu Dhabi sovereign wealth fund ADQ has invested $125 million in the debut fund launched by Aliph Capital, the Middle East’s first...
Economy
NIFTY Souq, MENA’s first NFT marketplace, secures $1.5 mln investment NIFTY Souq, MENA’s first NFT marketplace, secures $1.5 mln investment
NIFTY Souq, the MENA region’s first NFT marketplace which launched in 2021, has announced they have secured $1.5 million in seed...
Technology
US venture capital dealmaking slows in first half of 2022 on economic uncertainty US venture capital dealmaking slows in first half of 2022 on economic uncertainty
Venture capital dealmaking in the United States dipped in the first half of 2022, as investors shied away from signing large...
Economy
Eros Investments partners with Dubai’s digital asset regulator  to launch start-ups Eros Investments partners with Dubai’s digital asset regulator to launch start-ups
Eros Investments, run by India’s Lulla family, plans to develop Web 3.0 and blockchain businesses out of Dubai as part of a...
Technology
Mideast digital health firm Altibbi based in Dubai raises $44 mln and aims for IPO Mideast digital health firm Altibbi based in Dubai raises $44 mln and aims for IPO
Altibbi, a Middle East digital health platform founded in Jordan and headquartered in Dubai, has raised $44 million in a series B...
Economy
ADQ, Turkey Wealth Fund launch $300 mln VC fund to invest in innovative startups ADQ, Turkey Wealth Fund launch $300 mln VC fund to invest in innovative startups
ADQ, an Abu Dhabi-based investment and holding company, and Turkey Wealth Fund (TWF) launched on Wednesday the Turkey Technology...
Technology
SHUAA Capital launches largest venture debt fund of $250 mln for the Gulf region SHUAA Capital launches largest venture debt fund of $250 mln for the Gulf region
SHUAA Capital, a leading asset management and investment banking platform, announced on Wednesday the launch of SHUAA Venture...
Economy
Egypt trucking app Naqla gets $10.5 mln in funding amid construction boom Egypt trucking app Naqla gets $10.5 mln in funding amid construction boom
An Egyptian startup that links truck owners with cargo companies raised $10.5 million in a funding round led by El Sewedy Capital...
Technology
UAE based startup RemotePass closes seven-figure Pre-Series A funding round UAE based startup RemotePass closes seven-figure Pre-Series A funding round
UAE based startup RemotePass, a tech platform helping companies hire anyone, anywhere, has officially raised funds in a Pre-Series...
Technology
Egyptian transport start-up Swvl based in Dubai and Cairo sees profit by 2024 Egyptian transport start-up Swvl based in Dubai and Cairo sees profit by 2024
Transport start-up Swvl, based in Dubai and Cairo, expects to turn its first profit in 2024 as it expands into new countries, its...
Technology
Maersk VC co-leads funding round in Egyptian freight start-up Trella Maersk VC co-leads funding round in Egyptian freight start-up Trella
Egyptian startup Trella, a digital platform connecting truckers with freight loads, has raised $42 million in equity and debt,...
Technology
Saudi agritech startup Red Sea Farms raises $10 mln to fund expansion Saudi agritech startup Red Sea Farms raises $10 mln to fund expansion
Saudi Arabian agriculture technology startup Red Sea Farms on Monday said it had raised $10 million which it would use to develop...
Technology
SoftBank tech fund in talks to invest in Dubai’s top cloud kitchen Kitopi: Sources SoftBank tech fund in talks to invest in Dubai’s top cloud kitchen Kitopi: Sources
SoftBank Group Corp is in talks to invest in Dubai “cloud kitchen” Kitopi’s latest funding round through its second technology...
Economy
Egyptian delivery start-up Bosta aims for expansion  in Saudi Arabia, UAE Egyptian delivery start-up Bosta aims for expansion in Saudi Arabia, UAE
Egyptian courier start-up Bosta is gearing up for a multi million-dollar fresh round of financing as it considers Saudi and...
Economy
Saudi grocery e-commerce start-up Sary raises $30.5 mln in funding Saudi grocery e-commerce start-up Sary raises $30.5 mln in funding
Saudi Arabia’s Sary, a wholesale grocery e-commerce platform, said on Thursday it had raised $30.5 million in its latest funding...
Technology
E-commerce pioneer Wenzel launches global instant retail startup called Jokr E-commerce pioneer Wenzel launches global instant retail startup called Jokr
German entrepreneur Ralf Wenzel, formerly of Delivery Hero and Softbank, launched on Thursday a global instant retail platform,...
Technology
After fund boost, Egypt’s digital payments provider Paymob looks to expand in region After fund boost, Egypt’s digital payments provider Paymob looks to expand in region
Egyptian digital payments provider Paymob is looking to venture into Saudi Arabia and other markets in the Middle East after...
Economy