Wamda

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

Saudi Arabia

Becoming an employee in the company you founded: Esimsar

Following the acquisition of Saudi Esimsar by Propertyfinder in 2014, its founder Tarek Zeitoun chose to continue working in his company as...

Saudi Arabia ksa Esismsar

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

Regional

Why Amazon acquired Souq.com

This article is a crosspost with Centric.ae. Seeking global world domination in the ecommerce marketplace, Amazon acquired...

Souq.com acquisition Amazon

U.A.E

Why is the Souq.com acquisition so significant? [Opinion]

For those who have been in the dark, Amazon has acquired Souq.com for over $650 million. The news of an acquisition of this size has...

Souq.com Amazon acquisition

U.A.E

Amazon buys Payfort

Not only is Amazon buying Souq.com, but it has also today bought Payfort. “Today as part of Souq Group Inc. we are pleased to...

Amazon Payfort souq

Regional

Amazon acquires Souq.com for over $650 million

Russ Grandinetti, Amazon Senior Vice President, International Consumer and Ronaldo Mouchawar, Souq.com CEO and cofounder (Image via...

Souq.com Amazon Alabbar

Jordan

Babil Games acquired for $17M

In what could be the largest exit in the region’s gaming industry, Middle East-based game publisher Babil Games has been...

Gaming babil games game development

Egypt

Egypt's online recruitment platform Wuzzuf acquires Viriphi

Egypt’s online recruitment platform Wuzzuf announced on Thursday its acquisition of job assessment platform Viriphi for an...

Programme jobs assessment Egypt

U.A.E

Dubai’s El Grocer strengthens foothold with acquisition

El Grocer, a Dubai-based online grocery delivery app, has acquired one of its competitors, Quickshop.ae for an undisclosed...

Delivery el grocer

Egypt

Egypt payments startup Paymob signs deal with A15

Egypt payments startup Paymob has signed an undisclosed deal with local financier A15. The companies did not say how much the deal...

A15 Paymob Investment

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