News

Invaluable startup news, business ecosystem updates related to Entrepreneurs, Corporates, Policies and stories augmenting and disrupting the startup ecosystem of MENA and India.

  • Sachin Bansal’s BAC Acquires Essel Mutual Fund

    CCI has approved the acquisition of Essel Mutual Fund by Sachin Bansal-owned entity BAC Acquisitions Pvt. Ltd…

  • DIFC Receives FinX FinTech Hub of the Year Award

    The Centre recognised for role in identifying new avenues for facilitating innovation and excellence within the financial technology sector.

  • DIFC Prioritises Digital Transformation to Enhance Connectivity and accessibility

    Brand-new DIFC Connect – HID Mobile App enabling greater convenience and security for community and visitors

  • 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

  • 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