Dubai’s Aramex estimates $15 Mn losses due to Beirut & Casablanca tragedy
Aramax on Thursday has reported $15.1 million in losses in Q3 due to Beirut port explosion and fire in its warehouses in Casablanca.
MENA
Startup News and Stories fostering insights into various sectors (Fintech, Edtech, Logistics, etc.) of MENA (Middle East & North Africa) – majorly Abu Dhabi, Dubai, UAE, Saudi Arabia, Egypt, Bahrain, Lebanon, Palestine, and Qatar among others.
UAE-based investor Murari Lal Jalan is expected to save India’s bankrupt Jet Airways
UAE-based investor Murari Lal Jalan is understood to be favoured to take over India’s grounded Jet Airways by the airline’s creditors.
Egypt’s ‘dreevo’ launches operations post-raising 6-digit pre-seed funding
Egypt-based last-mile delivery startup dreevo on Thursday, 8 October 2020 raised an undisclosed six-figure pre-seed funding.
Bahrain’s EDX Labs gets recognition from Gartner
Bahrain's EDX Labs On Thursday, 8 October 2019 has been recognised as a Representative Vendor for DMARC and Brand Protection by Gartner.
Visa and Fawry join forces to enhance e-payments across Egypt
Egypt's digital transformation and e-payments platform, Fawry has signed a strategic partnership with Visa to accelerate e-payments in Egypt.
Tunisia’s edtech startup GoMyCode raises $850K Pre-Series A
Tunisia's edtech startup GoMyCode on 6 October, raised $850K Pre-Series A round led by Meninx Holding, Anava Seed Fund and Jasminum Capital.
Egypt’s Milango raises six-figure seed funding from A15
Egypt-based community management solution provider Milango, on Tuesday, 6 October 2020, raised a six-figure seed funding from A15 and more.
Jordanian edtech startup IQRA’A Audiobooks raises $150K pre-seed funding
Amman, Jordan-based edtech startup IQRA’A Audiobooks, on Wednesday, 7 October 2020, has raised $150,000 in a pre-seed funding round.
Kuwait’s flower delivery app ‘Floward’ raises $2.7 Mn from Impact46
Kuwait's Floward, a flowers and gifts delivery startup, on Wednesday 7 October 2020 has secured a $2.7 million funding from Impact46.
Israeli venture capital firm OurCrowd joins forces with UAE’s Phoenix Group
Jerusalem, Israel-based venture capital firm OurCrowd on Tuesday, 6 October 2020, signed an MoU with UAE's Phoenix Group.
50 MENA startups made it to Forbes Middle East, 8 Women-led startups
Here's to the the proud moment for the MENA startup ecosystem, the "Middle East's 50 Most-Funded Startups 2020" list is here.
Dubai’s Emirex Exchange raises undisclosed investment from US-based Alpha Sigma
UAE-based Emirex Exchange has recently raised an undisclosed amount from US-based blockchain and crypto fund Alpha Sigma Capital (ASC)