Mezzan Holding Acquires Kuwait’s only Pharma Manufacturer KSPICo for $69Mn
Kuwait-based Mezzan Holding on Tuesday acquired 67 percent stake in Kuwait Saudi Pharmaceutical Industries Company (KSPICo) for $69 million.
MENA
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Saudi-based Community-driven E-Commerce Platform Zid Raises $2 million
The Saudi-based community-driven e-commerce platform Zid has recently raised $2 million from Elm Street Ventures.
Careem Launches its Food Delivery Service in Makkah (Mecca)
Dubai-based ride-hailing unicorn Careem launches its food delivery app Careem Now in Makkah (Mecca).
Cairo’s App-based Bus Booking Platform Swvl Expands to Pakistan
Cairo, Egypt-based bus booking platform Swvl has reached new heights by launching the platform in Pakistan.
Video: Prince Khaled bin Alwaleed interviews live at Bloomberg’s venture capital event in San Francisco
Founder & CEO of KBW Ventures, HRH Prince Khaled bin Alwaleed interviewed live with Bloomberg’s John Gittlesohn at Bloomberg’s Venture Forward...
Cipla Gulf signs partners with Iceland-based Alvotech
Cipla Gulf, subsidiary of Indian pharma major Cipla enters into partnership with Iceland-based Alvotech.
Ibtikari 5.0 – Emirati Startup Incubation Program Calling 12 Startups
startAD powered by Tamkeen and anchored at NYU Abu Dhabi, in collaboration with Khalifa Fund for Enterprise Development opened applications for Ibtikari 5.0.
Bahrain’s Crypto Exchange Rain earns Middle East’s First Regulatory Licence
Bahrain-based cryptocurrency exchange, Rain has become the first Middle East crypto exchange to earn a regulatory license.
Dublin-based Kerten debuts its Co-working concept Ouspace in the Middle East
Dublin-based Kerten Hospitality debuts its coworking spaces in the Middle East with Ouspace -manifesting private and shared office spaces.
India’s SonyLIV Launches in the Middle East
The Indian entertainment industry which is already running on its top gear is now intensifying its foray by entering into the Middle East market.
Chinese Ride-Hailing Giant Didi to Create Joint Venture with Alabbar
The Chinese ride-hailing behemoth Didi Chuxing partners with Mohamed Alabbar's Symphony Investments to unlock opportunities in MENA.
Emirates Strategic Investment Company (ESIC) Launches a 5-year Sukuk
Abu Dhabi-based Emirates Strategic Investment Company (ESIC), owned by Sheikh Mansour Bin Zayed Al Nahyan, has launched a five-year $600 million sukuk.