Wamda

Palestine

Alwaleed injects $62M in $500M Series E funding Careem

(Editor’s note: This article has been updated to include the new capital injection of Prince Alwaleed Bin Talal and the announcement...

news careem palestine

Regional

Bloovo receives $3M in investment

Bloovo, a Dubai-based algorithmic online recruitment platform founded in 2016, closed a $3 million funding round. The co-investment was...

recruitement online platform

U.A.E

Beauty and wellness platform Shedul.com raises $6M

Dubai-based Shedul.com, a free booking platform for salons and spas, closed this week a $6 million round of Series A funding. The funds...

MEVP BECO Capital Shedul

Regional

New startups on the block: June

Startups are launching faster than we can write about them, so here’s our list of raw newbies to...

new startups f&b SAAS

U.A.E

Dubai launches a smart city accelerator

His Highness Sheikh Ahmed bin Saeed Al Maktoum, chairman of Dubai Silicon Oasis Authority (DSOA), opened the Dubai Smart City Accelerator,...

dubai smart city accelerator dubai silicon oasis

Global

MIT's new technologies for extracting drinking water from the air

Operating out of MIT the Abdul Latif Jameel World Water and Food Security Lab (J-WAFS) is an initiative that coordinates and promotes...

MIT Abdul Latif Jameel World Water and Food Security Lab

U.A.E

Careem and OSN partner for discount rates and enhancing customer experience

Careem and OSN announced a strategic partnership May 22. The partnership promises to deliver enhanced benefits to customers of both...

careem OSN Telcos

Lebanon

Lebanese automotive marketplace receives $1.8M seed fund

Lebanese automotive marketplace Seez have received $1.8 million in seed funding from B&Y, Phoenician Funds, and Wamda Capital. Seez...

Seez seed fund B&Y

U.A.E

GITEX announces its 2017 Startup event, $180K in prize money

GITEX Startup 2017 has announced that it will be taking place this year in Dubai October 8-12 as part of the GITEX Technology...

uae GITEX news watch

Kuwait

Kuwait’s Carriage acquired by Delivery Hero

Delivery Hero Group (Delivery Hero), the global online food ordering and delivery marketplace, announced today it has agreed to acquire...

Carriage Delivery Hero kuwait

Lebanon

Lebnet Ignite#4 graduates 8 startups

Lebnet Ignite#4, a program designed to immerse Lebanese startup founders in the Silicon Valley culture, graduated this year eight startups....

LebNet Lebnet Ignite

Lebanon

AUB and UKLTH to fund diabetes solution

UK Lebanon Tech Hub (UKLTH) announced today that it will fund the research and development of Ediamond (electromagnetic diabetes monitoring...

news watch UK Lebanon Tech Hub aub

Saudi Arabia

STC announces the establishment of its $500M VC fund, STV

Saudi Telecom Company (STC) announced today the establishment of STV, a technology venture capital fund of $500 million. STV will have...

STC STV Saudi Arabia

Global

Hikma Ventures co-leads $11M Series A round in US startup

Hikma Ventures has participated in a $11 million round of financing for Lemonaid Health. The Series A funding round was led by Novartis...

Hikma Ventures Hikma Pharmaceutical Healthcare

Lebanon

Darwazah Contest Awards proves everyone's a winner

Eight startup ideas were selected to take part in the Darwazah Contest Awards, which took place at the American University of Beirut (AUB)...

Darwazah aub

Egypt

GE Egypt Digital Innovation Challenge announced the winners

Last week, the GE Egypt Digital Innovation Challenge announced three winners, on May 22nd, after reviewing more...

Egypt Egypt Innovate tiec

U.A.E

Compareit4me.com raises $3.5M

Comparison site Compareit4me.com announced today securing $3.5 million from existing investors including Wamda Capital, STC Ventures, Dubai...

Compareit4me.com Investment Wamda Capital

Egypt

Cairo Angels invests in Orcas

Cairo Angels announced its investment in Orcas, an edtech startup for education, tutoring and caregiving services. Formerly Cairo...

cairo angels Orcas

U.A.E

Emaar Malls acquires 51% stake of online fashion retailer Namshi for $151M

Global Fashion Group (GFG), an international online fashion destination, announced today a strategic partnership with Emaar Malls, the...

Namshi Emaar Malls Mohamed Alabbar

Jordan

Jordan’s WEF accentuates SMEs as key economic drivers in the Middle East

Entrepreneurship is no longer only discussed in private meetings and coworking spaces, it is increasingly becoming relevant on a macro...

wef Oasis 500

Regional

Alabbar acquires large stake in MEVP

Middle East Venture Partners (MEVP) announced May 18 that Mohamed Alabbar, acquired a large stake in the company to create one of...

Alabbar emaar properties MEVP

Saudi Arabia

Taqadam announced the winners at the Saudi university startups program

The six-month long startup program, Taqadam, announced the first showcase winners, at King Abdullah University of Science and Technology...

Taqadam KAUST unversity startup program

Regional

Facebook selects finalists for Bots for Messenger Challenge

Facebook has selected 60 finalists from the hundreds of entries it received from across the Middle East and Africa for the Bots for...

Facebook Messenger Bots

Bahrain

Flat6labs and Al Baraka Banking Group to support entrepreneurs

Al Baraka Banking Group and Flat6labs signed an MOU to collaborate in a series of activities including creating the startup and...

Flat6Labs Al Baraka Banking Group entrepreneurship

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