Bahrain’s Al Waha fund of funds invests in California’s Lumia Capital
Bahrain-based Al Waha fund of funds last week invested a substantial sum in the San Francisco based venture capital firm Lumia Capital for its Lumia Capital Fund II
MENA
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Quant – Saudi data science & AI startup scoops $1.2 Mn from BIAC
The Riyadh, Saudi Arabia-headquartered data analytics and AI startup on Tuesday (March 17) raised $1.2 million in a Pre-Series A funding round from BIAC.
DIFC Confirms DEWS Supervisory Board members
DIFC today announced the appointment of its Supervisory Board members of its newly launched DIFC Employee Workplace Savings Scheme (DEWS).
Abwaab – Jordanian edtech startup raises $2.4 Mn pre-seed funding
Jordan-based Abwaab, an edtech startup has reportedly raised $2.4 million in a Pre-Seed round led by Adam Tech Ventures with Endure Capital, Equitrust and more
UAE amid COVID-19 outbreak & measures taken by the Government
The first case of Coronavirus or COVID-19 was identified on January 29. MoHAP on March 11 announced a total of 85 Coronavirus cases in UAE.
MEED names UAE’s best projects demonstrating excellence across architecture, construction and engineering
Middle East Economic Digest yesterday announced the finalists and national winners for the tenth edition of its MEED Project Awards
Huda Kattan’s event in Abu Dhabi gets postponed on account of Coronavirus Outbreak
Middle East's makeup and fashion mogul Huda Kattan was about to take on-stage along with Mona Kattan, the sister of Huda and co-founder of Huda Beauty...
Dubai International Financial Centre (DIFC) Reports Record Growth in 2019
Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, announced a record growth in 2019.
Breadfast – Egyptian grocery delivery platform raised seven figures
Headquartered in Cairo, Egypt, Breadfast is a fresh bread and grocery delivery platform that yesterday raised seven figures
Saudi Arabia launches ‘Instant Visa’ for entrepreneurs through Qiwa portal
The ministry of Human Resources and Social Development on Monday introduced a scheme that will facilitate support to new businesses and entrepreneurs.
Aanaab – KSA’s edtech startup raises $1.5 Mn seed funding from Wamda and Nour Nouf
Jeddah, Saudi Arabia-based edtech startup Aanaab on Tuesday raised $1.5 million in a seed funding for expansion in new markets from Wamda and Nour Nouf...
DIFC FinTech Hive triples in size to capitalise on exponential sector growth
DIFC FinTech Hive, the first and largest financial technology accelerator in the MEASA region, announces business and innovation space within the Centre.