Regional The angel network looking for halal opportunities Muslims concluded the celebration of Eid Al Fitr this week, marking the end of Ramadan in lockdown. During this time, 64 per cent of UAE... Dunya Hassanein • 27 May, 2020
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... News • 21 May, 2020
Bahrain Evergo raises seed investment from Tenmou Source: Startup Bahrain Bahrain-based Evergo, the startup that prides itself as a one-stop app for all your lifestyle requirements, has... News • 21 May, 2020
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... News • 20 May, 2020
Egypt EYouth raises $180,000 seed funding Cairo-based social enterprise EYouth, has raised $180,000 in seed funding from EdVentures, the venture capital arm of Egypt’s Nahdet... Dunya Hassanein • 20 May, 2020
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... Shaimaa El Nazer • 19 May, 2020
Bahrain Unipal raises seed investment Bahrain-based Unipal has raised an undisclosed amount of seed funding from angel investor network Tenmou, as part of the fundraising round... Dunya Hassanein • 19 May, 2020
Egypt Interact Labs secures $60,000 in funding Source: Disrupt Africa Egyptian startup Interact Labs, which develops solutions that enhance collaboration, has secured funding... News • 18 May, 2020
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... Dunya Hassanein • 18 May, 2020
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... News • 17 May, 2020
Egypt Shahry raises $650,000 in pre-seed Egypt-based online lending startup Shahry, has closed a $650,000 pre-seed round from the investment arm of EGBANK. Powered by a... Dunya Hassanein • 13 May, 2020
Tunisia Tunisian Parliment supports startups with €66.9 million loan agreement Source: Tunis Afrique Presse The House of People's Representatives (HPR), on Tuesday, passed a loan agreement amounting to... News • 13 May, 2020
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... Dunya Hassanein • 12 May, 2020
Egypt Brimore raises $3.5 million in pre-Series A Egypt-based direct-selling distribution platform Brimore, has raised $3.5 million in a pre-Series A round led by Algebra Ventures, with... Dunya Hassanein • 12 May, 2020
Saudi Arabia Telgani raises seed funding Saudi Arabia-based car rental platform Telgani, has closed a six figure seed funding round. The round was backed by 500 startups, Saudi... Dunya Hassanein • 12 May, 2020
Jordan ISSF allocates $7.5 million to Jordanian startups Source: Jordan Times The Innovative Startups and SMEs Fund (ISSF), a private-sector-managed fund making investments in innovative... News • 11 May, 2020
Egypt CVentures invests in London-based Countingup Source: MenaBytes CVentures, the venture capital arm of Egypt’s largest private bank CIB (Commercial International Bank) has... News • 11 May, 2020
Egypt Source Beauty raises pre-seed funding Egypt-based beauty e-commerce platform Source Beauty, has raised pre-seed funding from 500 Startups. Founded in 2018 by Lydia... Dunya Hassanein • 10 May, 2020
Egypt Swvl raises over $20 million in new funding round Source: MenaBytes Swvl, the Cairo-born mobility startup quietly raised over $20 million in a new round right before the spread of... News • 07 May, 2020
Saudi Arabia Grintafy raises $1.25 million seed Saudi Arabia-based Grintafy Technologies, has raised $1.25 million in a seed funding round led by Wa'ed Ventures, with participation... Dunya Hassanein • 06 May, 2020
Global Hikma Ventures invests in US-based Altoida Hikma Ventures, the venture capital arm of Jordan-based Hikma Pharmaceuticals has invested an undisclosed sum in US-based Altoida, a... Dunya Hassanein • 05 May, 2020
Regional UberEats shuts down in UAE, Saudi Arabia and Egypt Source: Reuters Uber (UBER.N) said on Monday it was closing down its Uber Eats operations in eight markets because they did not offer a... News • 04 May, 2020
Regional World’s first Halal Angels Network aims to tap $5 trillion Source: Trade Arabia The World’s First Halal Angels Network was launched to promote Innovation, entrepreneurship & startups to... News • 04 May, 2020
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... Shaimaa El Nazer • 03 May, 2020
