Sheikh Saeed bin Ahmed Al Maktoum Invests in Car Rental Platform Urent
Ever imagined Airbnb for cars? Well, there is one - Urent is a new online platform that aims to revolutionise the UAE car rental industry.
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.
Averos Raises Pre-series A Round from Aramco’s Wa’ed Ventures
Averos, a Saudi Arabian tracking startup based out of Makkah, raised an undisclosed Pre-Series A funding round from Saudi Aramco’s Wa’ed Ventures...
Glovo Returns to Egypt in Charge of Breaking the law
Barcelona, Spain-based logistic startup Glovo who announced exit from Egypt in April this very year has returned by resuming services again...
Arzooo.com Raises $1 Million from Dubai’s Jabbar Internet Group
Arzooo.com, the Indian reverse auction-based e-commerce platform launched by the two Flipkart's former executives Khushnud Khan and Rishi...
Eksab – Egypt-based eSports Platform Raises Seed Fund from 500 Startups
Eksab, the leading Daily Fantasy Sports (DFS) platform in MENA and the GCC, announced a six-figure seed investment from 500 Startups...
Netflix’s first Arabic Production Jinn Dismayed the Middle East
The complaints came majorly regarding the two scenes of Jinn in which the actress Salma Milhis kisses two different boys - pretty much for the Middle East...
Softbank teams up with Goldman Sachs for the second $100 Billion Raise
SoftBank Group Corp. is working with Goldman Sachs Group Inc. to raise money for its second $100 billion technology investment fund...
Egyptian Startup Orcas raises $500,000 from Algebra Ventures and NFX Ventures
The Egyptian ed-tech startup Orcas that connects students and parents with specialized tutors and babysitters has just raised $500,000...
Uber clears first regulatory hurdle in Careem acquisition
Uber cleared the first regulatory hurdle of its $3.1 bn acquisition of Careem as the UAE Minister of Economy granted full approval of the deal...
Amazon Prime now available in the UAE
UAE consumers can now enjoy Amazon Prime which provides premium advantages like free shipping, free next-day delivery, entertainment offers and discounts.
UAE Fintech Startup Foloosi Raises Pre-Seed Funding
UAE-based fintech startup Foloosi raised pre-seed funding (amount undisclosed) from angel investor Rashed Alfalasi...
Etihad Partners with Swae to Launch AI-powered Crowd Sourcing Platform iFikra
Etihad Airways (Etihad), the national airline of the UAE, and Swae, an award-winning startup based in Vancouver, have partnered to launch iFikra.