News
Egyptian startup, MaxAB raises $40m in pre-Series B equity round
MaxAB, the food and grocery B2B e-commerce and distribution platform, serving a network of traditional retailers across Egypt and Morocco, has announced the close of a $40m pre-series B equity round t...
Fresh Del Monte invests in Jordanian agritech Decapolis
Fresh Del Monte Produce, one of the world’s leading vertically integrated producers, distributors, and marketers of fresh and fresh-cut fruits and vegetables invested a 39 percent stake in Decapolis, ...
UAE Ministry of Economy partners with FOODICS to boost F&B SME growth
The UAE Ministry of Economy has recently announced a strategic partnership with FOODICS, the leading cloud-based restaurant technology and payments platform in the MENA region to foster SME growth loc...
Egyptian startup Plug’n’Grow leading the soilless farming in the MENA region
The Egypt-based startup, Plug’n’Grow is growing vegetable staples, such as lettuce and tomatoes, and using 90% less water, 40 to 60% less fertilizer and 96 % less land, while still achieving the same ...
Entrepreneurship World Cup reveals winners for UAE National Finals
Three UAE-based start-ups have won the UAE Final of the Entrepreneurship World Cup. Organised by Startupscale360 FZCO in partnership with in5 – an enabling platform by TECOM Group for start-ups in tec...
Only 48% of SMB leaders in the UAE are confident
A recent Kaspersky study on the behavior of small and medium businesses in the UAE during crises shows staff reductions may cause additional cybersecurity risks. Yet only 48% of organizations’ leaders...
Masdar City and MBRIF partners to support sustainability-focused startups
The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by the UAE Ministry of Finance to support nationwide innovation, and Masdar City, Abu Dhabi’s only planned and approved R&D ...
India’s Isthara raises $10 million funding led by Dubai-based Eagle Investments
Isthara, India’s premium co-living brand and Smart Food Court pioneer, has raised fresh funding of $10 million led by Dubai-based Eagle Investments. The current funding round brings Isthara̵...
Saudi-based Zid successfully raises $50 million in a Series B funding
Saudi-based Retail enablement company, Zid, has successfully raised $50 million in a Series B funding led by IMPACT46 with participation from Waed Ventures and Endeavour Catalyst, Global Ventures, Elm...