The AFD also known as the French Agency for Development has managed to secure roughly about EUR 50 million which is roughly a $58.7M credit line for MSMEDA also known as Micro, Small, and Medium Enterprises Development Agency. Their aim is to promote women’s entrepreneurship across Egypt and that’s...
Synkers, a Lebanese Edtech platform helps to connect with students with the most qualified and passionate private tutors to help them focus on learning and complete their study sessions along with helping them throughout their academics and that’s not all. They also provide students continuous support starting from their...
It was recently announced that nybl, the popular UAE-based AI pioneer its obtaining Mexico's visual information mining and AI platform, Nubila. The platform is known for its various innovative arrangement that will see Nubila Founder Marlon de Jesús González join the nybl R&D group.
The securing is important for nybl's...
Open Banking is an Internet-based service that allows small business owners to access their own money. The service is available to businesses of all sizes, but particularly to those in the technology and software industries. Open Banking is based on the Open Source Software concept, which is a form...
A recently launched venture capital platform, DisrupAD has set to launch $32.7M on a seed accelerator programme by teaming up with Flat6Labs. The platform is based on Abu Dhabi investment firm ADQ and the seed accelerator programme is set to invest and innovate the expansion of about 20 startups...
e&, the telecommunications giant based in the United Arab Emirates, has entered into a $1 billion partnership with Amazon Web Services (AWS) aimed at enhancing cloud adoption and digital transformation across the Middle East and North Africa (MENA) region.
The six-year agreement will focus on delivering essential cloud services, including...
It was announced that Mohsin Haider Darwish, one of the biggest and leading business houses in the Sultanate of Oman, has consented to an arrangement to turn into a huge investor in the popular worldwide online marketplace “Nabay.com”. This particular partnership will help speed up the platform’s client-centered mission...
Supy, the popular UAE-based B2B food marketplace has managed to raise about $1.5M in a Pre-Seed funding round. This latest Pre-Seed Funding round was co-led by UAE-based investor COTU Ventures and US-based Valia Ventures, marking their first investment in MENA.
Supy was founded by CEO Dani El-Zein, previously COO at...
Jahez International, a leading Saudi-based food delivery and logistics platform, has announced a landmark agreement to acquire a 76.56% stake in Qatar's Snoonu for a staggering $245 million (SR 919 million). This strategic move, disclosed on the Saudi stock exchange, marks a significant consolidation in the GCC's rapidly evolving...
Ranking Report for 2021 MENA Venture Investor revealed that in 2020, there was a decline in accelerator activity, with 10% of all active investors being accelerators in MENA across all countries for its lowest level in five-years. This indicates a 29% reduction from the previous year.
With 2020 bringing a...
