Wamda

U.A.E

Raising the bar for women’s healthcare

Investment in the Middle East and North Africa (Mena) healthcare sector is booming. Over $144 billion will be ploughed into Mena-wide...

healthtech

U.A.E

Clip the Deal raises seven figure Series A funding

Dubai-based digital grocery coupons and deals platform Clip the Deal, has raised a seven-figure Series A investment round led by Optiscape...

Clip the Deal ecommerce NB Ventures

U.A.E

ADIO invests $5 million in Shorooq Partners’ Bedaya Fund

Source: WAM The Abu Dhabi Investment Office, ADIO, has invested in the Bedaya Fund to increase access to capital for promising startups...

ADIO Bedaya fund

U.A.E

Al Tayer shuts online retailer Nisnnass

Source: Arab News UAE-based Al Tayer Group has announced that e-tailer Nisnass will close down from July 16. The parent company...

Nisnass etailer covid-19

U.A.E

Rizek raises $3.5 million in seed funding

Source: Trade Arabia Abu Dhabi-based service marketplace Rizek has announced that it has raised $3.5 million in one of the largest seed...

Rizek ADIO ecommerce

Turkey

TPAY Mobile acquires Turkey's Payguru

Source: Zawya UAE-based FinTech firm TPAY Mobile is acquiring 100 percent stake in Turkey’s mobile payment platform Payguru, it...

Payguru TPay Fintech

Saudi Arabia

Wahed Raises $25 million

Source: Forbes Wahed, the ethical investment fintech for Muslim investors, raised $25 million in venture funding with proceeds being...

Wahed Ethical invetment Islamic economy

U.A.E

Tabby raises $7 million and expands to Saudi Arabia

UAE-based Tabby, a buy now, pay later financial technology (fintech) startup, has raised $7 million to fund its growth and launch its...

Tabby Fintech

U.A.E

DIFC invests in four fintech startups

Source:Techradar Dubai International Financial Centre (DIFC), an international business hub in the Middle East, Africa and South Asia...

DIFC Fintech

Egypt

Payfort launches Dh1 million initiative to support startups

Source: Arabian Business Payfort, a subsidiary of retail giant Amazon, has launched a AED1 million ($272,000) initiative in the UAE...

Amazon Payfort

Global

Dubai family office invests in India's iNurture

Source: Vccircle Bengaluru-based ed-tech startup iNurture Education Solutions Pvt. Ltd, a provider of formal higher education programmes...

Dubai family office iNurture

U.A.E

EMPG reveals details of merger with OLX

Source: Emirates News Agency Dubai-based Emerging Markets Property Group, EMPG, and OLX Group, owners of home grown technology firms...

EMPG Dubizzle OLX

U.A.E

How local businesses support the economic fabric of countries

By Miguel Angel Povedano, chief commercial officer at Majid Al Futtaim Retail The magnitude, complexity, and socioeconomic...

Majid Al Futtaim Holding Majid Al Futtaim

U.A.E

Dubai SME allocates Dh20 million in loans

Source: The National Dubai SME, a part of Dubai Economy, allocated Dh20 million to a capital guarantee scheme backing peer-to-peer loans...

Dubai SME smes

U.A.E

ADQ launches Dh1.1 billion fund to invest in Asian startups

Source: The National ADQ, one of the region’s largest holding companies, launched a Dh1.1 billion ($300 million) venture fund to...

Masdar City abu dhabi

U.A.E

Ziina secures $850,000 in pre-seed round

Ziina, the UAE-based social peer-to-peer (P2P) payment application, has raised $850,000 in a pre-seed funding round. The investment was led...

Fintech Ziina

U.A.E

Ogram raises $870,000 in pre-Series A

UAE-based Ogram has closed a $870,000 pre-Series A round led by Global Ventures. Started in 2016, Ogram operates as a virtual...

Human Cloud Global Ventures Ogram

U.A.E

MCKD launches grant program to support freelancers, SMEs

Source: The National The Ministry of Culture and Knowledge Development (MCKD) has launched a programme to support freelancers and SMEs...

covid-19 MCKD smes

U.A.E

Mustafa Koita: Your modern-day milkman

The majority of entrepreneurs work in the corporate world for several years before something triggers their decision to leave and start...

Koita E-commerce

U.A.E

Invygo raises $1 million in pre-Series A

UAE-based car subscription platform Invygo, has raised $1 million, as part of a pre-Series A funding round led by EQ2 ventures, Class 5...

Invygo automotive car rental

Regional

A conversation on mental health and the power of harnessing communities in the MENA region during uncertain times

Wamda and Microsoft for Startups are hosting 'A conversation on mental health and the power of harnessing communities in the MENA...

U.A.E

The startup finding better jobs for blue-collar workers

Unscrupulous recruitment agencies often lure blue-collar staff to the Gulf with false promises about wages and working conditions, charging...

social enterprise ZoEasy

Regional

yallacompare secures $4.25 million funding

yallacompare, the UAE-based insurance aggregator, has secured new funding of $4.25 million from Gulf Insurance Group (GIG). The investment...

Insurance Investment yallacompare

Global

Global Ventures invests in African healthtech startup

Source: Zawya Dubai-based Global Ventures has co-led a $7 million investment with AAIC Japan in Helium Health, West Africa's largest...

healthtech covid-19

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