Wamda

Egypt

Cairo Angels invests in a local logistics company

Cairo Angels, a network of angel investors focused on supporting startup opportunities in Egypt and the Middle East, announced its...

on-demand delivery Logistics cairo angels

Global

New World Bank initiative targets women entrepreneurs

The World Bank announced last Saturday the creation of the Women Entrepreneurs Finance Initiative (We-Fi) to finance and support...

world bank Ivanka Trump women entrepreneurs

Lebanon

One lucky startup walks away with $50,000 from Speed@BDD’s fourth Demo Day

Speed@BDD, a Beirut-based tech startup accelerator, concluded yesterday its fourth acceleration program with a Demo Day. The accelerator is...

Speed@BDD Startups competition accelerator

Palestine

Connect Gaza looks to bring Palestinian startups into the regional ecosystem

Digital entrepreneurship and innovation are becoming key focuses of many governments across the Middle East as they seek to reform their...

PICTI startups investments

Egypt

Egyptian ecommerce platform acquires two phone comparison portals

Egypt-based ecommerce platform Yaoota acquired Mobihall and Mobilesgate, two of the largest phone comparison portals in the Arab world. The...

yaoota Mobihall Mobilesgate

Palestine

Ibtikar receives a $2.5M investment, looks to help Palestinian entrepreneurs get funded

Ibtikar Fund, a Palestinian early stage venture capital firm has announced it has received a $2.5 million investment from the International...

seed investment Funding ecosystem growth

Global

Startup Watch: Naughty Google, ATM anniversary and the joy of saying 'no'

The world of entrepreneurship news is a complex one, with people ever ready to give their two cents on how you should be running your...

Startup Watch Google Facebook

U.A.E

Emirati fund wants to create next Google or Tesla

Sandooq Al Watan, a national initiative launched in April 2016 by prominent Emirati businessmen to support research projects, has announced...

uae tesla Google

Regional

Techstars and GINCO launch an accelerator program in Dubai

Techstars in partnership with GINCO has announced the launch of a new accelerator program in Dubai. Applications will open in July of 2017...

accelerator Dubai techstars

Lebanon

Berytech and NGO to launch a Business Innovation Center in Lebanon

Berytech has signed a memorandum of understanding with the Michel Issa Foundation for Local Development (MIF), to develop a Business and...

lebanon Berytech MIF

Tunisia

Tunisian gaming startup raises $600K

The Tunisian startup Polysmart, which specializes in the design of video games has just raised 1.5 million Tunisian dinars (US$600,000)...

Gaming creative industries video games

U.A.E

RTA inks agreement with Volocopter for flying taxi

The Roads and Transport Authority (RTA) yesterday announced its extension of the test run of its manned Autonomous Aerial Taxi (AAT) to...

Dubai RTA Transport

Lebanon

Turkish second-hand clothing site raises $2M in Series B, led by MEVP

Modacruz, a leading mobile marketplace of second hand women fashion items in Turkey, announced today that it has raised $2 million in a...

MEVP Investment modacruz

Morocco

Morocco’s Waystocap raises $3M in seed funding

According to Techcrunch, Moroccan startup Waystocap has raised $3 million to expand its reach in Africa. The platform is a marketplace...

ecommerce marketplace Casablanca

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

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