News
MEFIC Capital to support the growth of Saudi film sector
MEFIC Capital has announced it will be Fund Manager for the Kingdom’s First Film Investment Fund. An agreement to establish the fund was signed last week by Saudi Cultural Development Fund, MEFIC Capi...
Ibtikar Fund invests in Vatrin
Ibtikar Fund announced its investment in Vatrin, a platform leveraging WhatsApp to power commerce for small and medium enterprises (SMEs). This investment round will enable the
Sharakah and Beehive to help grow SMEs across Oman
Sharakah has come on board with Beehive as a new investor. Sharakah contributes to SME development in Oman and provides finance to support Oman’s vision to diversify the economy.
SDB to support Saudi’s micro – entrepreneurs
As part of its mission to enhance the Kingdom’s economic development, the Social Development Bank (SDB) has announced the launch of a specialized rehabilitation and training project, under the slogan ...
CardoO unveils an IoT-enabled smartwatch
The Egyptian startup CardoO, specialised in Internet of Things (IoT) devices, has launched its first IoT-Enabled Smartwatch. This step comes shortly after CardoO’s success in closing a seed
Cargoz secures an undisclosed amount in Bridge funding
Cargoz is a logistics startup that connects SMEs looking for warehousing space with warehousing companies who has extra capacity, like Airbnb but for commercial warehousing and storage, has secured an...
EDB signs MoU with Paraguay’s Development Finance Agency
Emirates Development Bank, last week signed a Memorandum of Understanding (MoU) with Paraguay’s Development Finance Agency (Agencia Financiera de Desarrollo, AFD), establishing
RAKEZ highlights RAK’s business potential to chinese investors
A top-level delegation from Ras Al Khaimah Economic Zone (RAKEZ) recently concluded its trip to China, where it effectively engaged with numerous investors across five major cities with the
The Entrepreneurial Nation attracts 700 applications for Phase II
The Ministry of Economy revealed that it has received 700 applications from startups and SMEs wishing to participate in phase II of The Entrepreneurial Nation programs, between October 2022 and April ...