Wamda

Kuwait

Kuwait’s VO acquires Duwaween Game

Kuwait-based integrated youth platform for incubating young talent VO has acquired Kuwaitit games app Duwaween Games, with a post-money...

Duwaween Game VO

Saudi Arabia

FOODICS acquires Jordan's POSRocket

Saudi Arabia-based fintech and foodtech startup FOODICS has fully acquired the Jordan-based POS service provider POSRocket for an...

Foodics posrocket

Egypt

Minly acquires UAE’s shoutout platform Oulo

Egypt-based celebrity shoutout platform Minly has acquired its UAE rival Oulo for an undisclosed amount. Minly’s decision to...

Minly oulo

U.A.E

UAE’s Swvl expands into Latin America by acquiring Argentina's Viapool

UAE-based Swvl has entered the Latin American mobility market by acquiring a controlling stake in Argentina's Viapool for...

Swvl Latin America

U.A.E

Etisalat acquires UAE-based elgrocer

Telecoms operator Etisalat has fully acquired UAE-based elgrocer, an e-grocery startup for an undisclosed sum. Founded in 2015 by...

elGrocer etisalat e-grocery

Qatar

Nigeria-based Helium Health acquires Qatar’s Meddy

Nigeria-based healthtech startup Helium Health has acquired Meddy, a Qatar-headquartered and UAE-based doctor booking platform for an...

Helium Health Meddy

Bahrain

Bahrain’s Investcorp acquires British fintech MIR Limited

Bahrain-based Investcorp Technology Partners (ITP) has acquired all of the business and assets of UK-based fintech MIR Limited, for an...

Investcorp MIR Limited Fintech

Saudi Arabia

SRMG acquires 51 per cent of Saudi podcast platform Thmanyah

Saudi Research & Media Group (SRMG) has acquired a controlling stake (51 per cent) in Arabic podcast platform Thmanyah. Founded...

Thmanyah SRMG

Saudi Arabia

NBM acquires 9 per cent DIGGIPACKS stake for SAR15 million

National Building and Marketing (NBM) has acquired a 9 per cent of stake in Saudi Arabia-based last mile delivery aggregator DIGGIPACKS in...

Diggiepack National Building and Marketing

Saudi Arabia

Fastcoo and Tracking merge in $720,000 deal

Saudi-Arabia based software company Fastcoo, and Tracking, a GPS tracking system, have merged in a deal valued at SAR 2.7 million...

Fastcoo Saudi Arabia Tracking

U.A.E

Careem begins its "Chapter Two"

Careem, the UAE-based ride-hailing app which was recently acquired by US-based Uber is only just starting its “second chapter”...

careem Uber

U.A.E

Zomato sells UAE business to Delivery Hero

Source: Economic Times Zomato Media, which owns and operates the eponymous online food delivery and restaurant discovery...

India zomato Delivery Hero

U.A.E

Majid Al Futtaim acquires mobile wallet app Beam

Source: Gulf Business Dubai-based mall operator Majid Al Futtaim has acquired Beam Portal, the owner of UAE mobile wallet app, Beam, it...

Fintech mobile payment Dubai

Kuwait

DWS Group acquires stake in GCC FinTech startup Neo Technologies

Source: The National DWS Group, a European asset manager in which Germany’s Deutsche Bank has a majority stake, agreed to...

Fintech

Regional

A15 sells stake in Tpay Mobile

The region’s first “dragon exit” was completed today by A15, which sold its 76 per cent stake in UAE-based Tpay Mobile. A...

mobile finance Exit

Egypt

Jordan's POSRocket raises $1.5 million in a round led by Algebra Ventures

POSRocket, a cloud-based POS Jordanian startup, has announced $1.5 million in a funding round led by $50 million Cairo-based venture...

Algebra Ventures KISP Ventures Arzan VC

Global

Mobile game developer Zynga acquires Gram Games in a $250M deal

Zynga Inc., a leading social game developer, announced it has acquired privately-held mobile game developer Gram Games for $250 million in...

Zynga Gram Games acquisition

Global

Chinese ecommerce Jollychic gets funding from Sequoia Capital, hits a reported $1 billion valuation

Jollychic, a Chinese online store founded in 2012, has a value of $1 billion after a Series C round from the global venture firm Sequoia...

Sequoia Capital Jollychic ecommerce

U.A.E

Abu Dhabi’s Mubadala acquires minority stake in NY-based Phoenician Capital

Abu Dhabi-based Mubadala Investment Company acquired a minority stake in the general partner of Phoenician Capital, a New York-based...

uae Mubadala Investment Company acquisition

Saudi Arabia

Beauty ecommerce GlamBox gets acquired by a Saudi consortium of investors

Dubai-based GlamBox, a beauty online subscription platform, has recently been acquired by a Saudi consortium of investors. Neither the...

GlamBox acquisition Success Stories

Saudi Arabia

SRMG acquires 51 percent stake in Saudi financial news service Argaam for $10M

The Saudi Research and Marketing Group (SRMG) has acquired a controlling stake (51 percent) in the Argaam Investment and Trading Company,...

Saudi Arabia Argam acquisition

Regional

Alshaya gets on board in Noon

Kuwait-based retail franchise operator MH Alshaya Co has acquired a strategic stake in Noon, the region’s new ecommerce platform,...

Alshaya Noon ecommerce

Egypt

Mobile billing consolidated in Egypt following TPay’s acquisition of DCBEgypt

There are over 95 million SIM cards registered with Egypt’s three mobile networks: Etisalat Misr, Orange (Mobinil previously), and...

Egypt TPay DCBEgypt

Regional

Entrepreneurship is disrupting MENA’s real estate and retail gurus

The first half of 2017 was an exciting one for enterprises and startups in the MENA region with mega deals taking the ecosystem by storm....

acquisition VC investment Real Estate

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