Funding
The Luxury Closet Closes Series B Round of $7.8M
The Luxury Closet has announced that it has closed a Series B round of $7.8 million. According to various reports, the investment is being touted to be one of the highest in MENA this year. The round ...
Wrappup Closes $800K Investment Round
Wrappup, an app that solves time wasting meetings by recording and flagging the important moments, has closed a seed round of $800,000. The round, led by Beco Capital, also includes 500 Startups, Arza...
Ousta Secures Its First Round of Funding
Ousta is an Egyptian ride hailing mobile application, and since its inception, 5 months ago, Ousta has been leading ride expansion in Egypt. The company has been able to maintain its exponential growt...
CH9 Hub in Bahrain to Conduct Seedstars World
Seedstars World, the global seed-stage startup competition for emerging markets and fast-growing startup scenes, is coming to Bahrain on September 24th, 2016 to host a startup competition at CH9 Hub i...
A Chance to Win Big at the UAE Drones for Good Award
As smart technology spreads around the globe, the movement within modern cities to apply these innovations to the most pressing problems has increased. Dedicated to transforming the innovative technol...
Shuaa Capital reports Dh50.8m in Q2 loss
Shuaa Capital, the Dubai-listed investment bank, reported on Saturday Dh50.8 million in net loss for the second quarter of 2016, marking a significant plunge from the Dh1.7 million in net profit repor...
Mind Rockets Named Jordan’s Best Startup at Seedstars Amman
Seedstars World, the global seed-stage startup competition for emerging markets and fast-growing startup scenes brought its Jordan round to a successful close during Seedstars Amman. The event took pl...
Alabbar buys stake in Aramex
Mohammad Alabbar, chairman of Emaar Properties, has his eyes set on the digital space. He has spoken about the importance of producing digital content in the Arab world and his company, Alabbar Entrpi...
Dubai Smartpreneur Competition Winners to Win AED 150K
The Dubai Chamber of Commerce and Industry and the Smart Dubai Office have launched the second edition of the Dubai Smartpreneur Competition. The competition is open to entrepreneurs from around the w...