Business
Mohamed Alabbar and MEVP Launch $250 Million VC Fund
Middle East Venture Partners (MEVP) today announced the launch of its third MENA venture capital fund – the Middle East Venture Fund III (MEVFIII) – with a target size of USD 250 million. ...
Deliveroo Raises $385M on a $2 Billion Valuation
British takeaway food delivery firm Deliveroo has raised $385 million in new funding, the firm said in a statement on Sunday which set out that the money would help establish operations in new areas o...
SAP Buys Gigya for a Reported $350 Million
SAP has announced an acquisition to strengthen its hybris e-commerce division. It has acquired Gigya, a firm that helps online properties manage customer identities and profiles. Terms of the deal hav...
Wadi Becomes Operationally Profitable
Wadi, the leading e-commerce site in KSA and UAE achieved 200 percent increase in turnover, resulting in becoming operationally profitable before the first half of 2017. The announcement comes eightee...
SOUQ.com to Acquire Wing.ae
SOUQ.com has announced it has entered into a definitive agreement to purchase Wing.ae, a marketplace for merchants and couriers in the UAE, providing innovative mobile and web-based user-friendly deli...
Intelak Incubator Partners with Dubai SME to Launch ‘Intelak Idea Lab’
The Intelak Incubator – founded by the Emirates Group, GE and Etisalat Digital – has today signed a Memorandum of Understanding (MoU) with Dubai SME, the agency of Dubai Economy mandated to develop th...
HPE Aruba Gives Small Businesses Simplified, Business-class Wi-Fi with the Ease of a Mobile App
Aruba, a Hewlett Packard Enterprise company, today announced a new Wi-Fi solution designed to give small businesses secure and reliable business-grade Wi-Fi with easy to set-up APs and an intuitive mo...
VAT in the GCC: What Does it Mean for Your Business?
By Aaron White, Regional Director for Sage Middle East On 1 January 2018, value-added tax (VAT) will come into effect for the first time in United Arab Emirates. Naturally, small businesses are concer...
VFS Global Acquires Visa Service Provider TT Services
VFS Global has completed on 22 August 2017 the acquisition of visa service provider TT Services (TTS). The transaction enables VFS Global to leverage on core competences and brands and to further enha...