Wamda

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

Tunisia

Tunisian startup Expensya raises $1.10M

The Expensya startup, which digitizes company expenses, offers companies and accounting firms cloud, web, and mobile software to report...

startup France frais

Egypt

Uber launches UberBoat in a partnership with Nile Taxi

Uber is partnering with the luxury Nile transport company NileTaxi to introduce UberBoat to Cairo starting yesterday (Tuesday, May 16)...

UberBoat Uber Egypt

Regional

Logistics company secures $41M in Series B funding

Fetchr, a tech company disrupting the traditional logistics sector in the MENA region, secured 41 million dollars in a Series B...

Fetchr New Enterprise Associates Inc. Idriss Al Rifai

Egypt

Endeavor Catalyst Fund closes first $500,000 investment in Egypt

Endeavor Catalyst Fund, Endeavor’s co-investment vehicle, concluded its first investment in Egypt contributing 500,000 dollars to...

Investment fund statups

U.A.E

24 Emirati Nationals graduate from Flat6Labs Future Innovators Academy

This week marked the graduation ceremony of the Future Innovators Academy, a one-month innovation program run by Flat6Labs Abu Dhabi and...

Flat6Labs turn8 Future Innovators Academy

Palestine

Palestine gets their first equity crowdfunding platform

Crowdpal, the first online equity crowdfunding platform purpose-built to support Palestinian entrepreneurship, launched its website today....

Crowdfunding statups entreprenership

Global

Startup Watch: It’s all about the money, money, money and solar power

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 Investment 500 startups

U.A.E

Intelak Incubator startups are one step closer to reality

Earlier this month, the four winning teams from Intelak, which means ‘take off’ in Arabic, successfully pitched to investors,...

Intelak MEMakersGE

Regional

500 Startups closes $15M on MENA fund

Hassan Haidar, the managing director of the MENA fund for 500 Startups, 500 Falcons, announced Wednesday the closing of their fund at $15...

500 startups falcon fund Investment

Syria

Votek and Loujee secures $1M investment

Votek Inc, developer of Arabic speech recognition software, governmental intelligent assistants and the first Arabic smart toy (Loujee)...

Votek AI syria

U.A.E

Sheraa forms partnership for social entrepreneurship ecosystem

As part of its commitment to supporting the growth of socially-conscious entrepreneurs in the region, Sheraa - a launch pad for aspiring...

Sheraa social entrepreunership news watch

Regional

IFLIX launches in MENA

IFLIX’s service is now available to over 1 billion consumers in 18 countries across Asia and the Middle East and North...

IFLIX TV on demand SVoD

U.A.E

Payfort introduces card-on-delivery service in UAE

Payfort announced a new card-on-delivery service to allow merchants to offer card-on-delivery payments for their purchases. The new...

Payfort

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