Adnoc and OCI have successfully formed the joint venture ‘Fertiglobe’
The joint venture Fertiglobe, which will be based in the Abu Dhabi Global Market, has over $1.7 billion of annual revenues
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.
BECO Capital Closes Second Fund at $100m
Regional venture capital firm BECO Capital successfully closed its second fund at $100 million, significantly more than its initial target of $80 million.
Samsung-backed ‘Blocko’ Blockchain Company Partners with Dubai Royal Family
Samsung-backed Blocko, has launched in the UAE in partnership with SEED Group, a member of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum.
Jordan-based arabot Raises $1Mn for Regional Expansion
Jordan-based arabot that offers seamless online solutions and services using AI technology, recently raised a $1M seed round led by Riyad TAQNIA Fund (RTF).
Syrian-led Startups Spermly and Therapist House Win the Startup Roadshow in Gaziantep
Last week, two Syrian-led startups, Spermly and Therapist House, championed the Startup Roadshow competition in Gaziantep, Turkey.
UAE-based ‘YaLLa Esports’ Qualifies for Three International Tournaments Worth $1.2 Mn
UAE-based startup esports organization YaLLa Esports qualified for three large-scale international tournaments during the month of September.
Cairo-Based iCommunity Real Estate Platform Raises $600K
iCommunity, Egypt's first mobile community platform for the real estate industry, aims to transform engagement between residents and real estate developers.
IFC invests $1m in Tunisia’s Flat6Labs Avana Seed Fund to Support Women Entrepreneurs
The World Bank’s International Finance Corporation (IFC) has announced that it is investing $1-million in Flat6Labs Tunisia’s Anava Seed Fund.
Dubai Launches ‘Virtual Company Licence’ for non-resident businesses & freelancers
Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai, Tuesday announced the launch of the region's first 'Virtual Company Licence’.
OYO to Invest $1Bn for Expansion in Saudi Arabia
OYO Hotels & Homes, will invest $1 billion to expand its operations in Saudi Arabia by adding luxury and upper-budget/mid-segment hotels...
Mubadala to invest $500m in North American Cologix
The Abu Dhabi-based global investment firm, has signed an agreement to invest up to USD$500 million in Cologix.
temtem – Algeria’s Ride-hailing startup secures $4 Million
Algeria-based mobility startup temtem has recently raised $4 million in a Series A round led by Tell Venture Automotive