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.
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.
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
UAE SME Businesses recognised at the 2019 Gulf Capital SME Awards
Gulf Capital has unveiled the winners of the 8th Gulf Capital SME Awards 2019 at a gala dinner hosted at The Ritz-Carlton, DIFC.
UAE remains preferred location for SMEs as number of new registered companies increase by 30%
Gulf Capital and MEED reveals that the number of small and medium-sized enterprises (SME) entering the UAE has grown by 30 per cent over the past decade...
Dubai Soars to Number Eight Amongst Global Financial Powerhouses
Dubai has risen up the ranks of the Global Financial Centres Index (GFCI) to number eight position, representing its highest-ever ranking.
Halan – Egyptian Logistics Startup all set to expand to Ethiopia
Egyptian logistics start-up Halan that uses two and three-wheeled vehicles to offer rides and goods, will begin operating in Ethiopia by the end of 2019.
Zain Partners with Microsoft to Fuel SMEs & Entrepreneurship
Zain Group on Thursday announced a partnership with Microsoft to accelerate digital transformation among its SME customers...
Dubai Cultiv8 Invests in New York-based Wahed in a Multi-Million Dollar Deal
Dubai Cultiv8, a subsidiary of the Mohammed Bin Rashid Fund for SME on Wednesday announced a multi-million dollar investment in Wahed Invest.
Abu Dhabi-based Agritech Startup Pure Harvest Raises $1.75M
Pure Harvest Smart Farms, an Abu Dhabi-based agritech business that produces fruits and vegetables in a desert outside Abu Dhabi.