DIFC’s FinTech Hive reveals ‘Scale Up Programme’ for FinTech startups
DIFC’s FinTech Hive revealed the launch of a new funding accelerator programme for FinTech start-ups in the MEASA region...
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.
Prince Khaled’s KBW Ventures invests in Singapore biotech startup TurtleTree Labs
The pre-seed round was led by Lever VC with K2 Global and KBW Ventures joining the round and backing TurtleTree Labs’ first raise
Dubai’s Global Ventures appoints Ex-Jamalon COO as the Operating Partner
Dubai-based Global Ventures appoints Said Murad as the Operating Partner. Murad is the former COO of Jamalon, a Jordan-based online books marketplace.
Morocco’s Mubawab raises $7 Mn from UAE’s Emerging Markets Property Group
Mubawab, Casablanca, Morocco-based real-estate platform last week raised $7 Mn from UAE's Emerging Markets Property Group (EMPG) to accelerate its growth.
HH Sheikh Mohammed enacts amendments to DIFC Employment Law and new regulations to introduce new end of service savings plan
Rashid Al Maktoum, Vice President & Prime Minister of UAE, in his capacity as the Ruler of Dubai, has enacted the Employment Law Amendment Law No. 4 of 2020...
DIFC enacts new leasing law to increase protections for property owners and tenants
HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has enacted a new DIFC Leasing Law No. 1 of 2020...
[Exclusive] temtem partners with Ooredoo to synergise value for their respective customers
The Algeria-based ride-hailing startup temtem in a move to support innovative technology solutions has partnered with the Doha, Qatar-based Ooredoo ...
Dubai-based SpiderSilk raises $500K in a seed round led by Global Ventures
Dubai-based cybersecurity startup SpiderSilk has raised $500K in a seed funding round led by Global Ventures along with participation from FutureTech...
VentureSouq exits from Frontier Car Group of Germany
The Dubai-based investment platform for global early-stage technology businesses VentureSouq has taken its exit from the Berlin-based Frontier Car Group
[Big News] Uber closes the acquisition of Middle-Eastern rival Careem for $3.1 Billion
Careem Networks FZ-LLC is now a wholly-owned subsidiary of Uber. The co-founder & CEO of Careem Mudassir Sheikha will continue to lead the Careem business.
Cairo-based e-commerce enabler ExpandCart raises undisclosed sum from Agility Ventures
Agility Ventures, the venture capital arm of the global logistics company Agility has recently invested an undisclosed amount in ExpandCart...
Mubadala to decide on investing $6 bn in Pakistan’s refinery project by 2021
Abu-Dhabi's Mubadala Investment Company has recently shared its word about investing $6 billion (AED22.03bn) in Pakistani refinery project.