News
Metaverse could contribute $15 billion to GCC economies annually
The potential contribution of the metaverse to GCC economies could be around US$15 billion annually by 2030, according to the latest report by Strategy& Middle East, part of the PwC network, of wh...
DANA Global and Silal partners to support Agritech entrepreneurs
DANA Global (“DANA”), the Abu Dhabi-based desert tech venture builder and investment platform, announces a new partnership agreement with Silal – a subsidiary of ADQ focused on diversifying food...
DIFC retains its top spot
Dubai International Financial Centre (DIFC) has announced that during the first nine months of 2022, the number of FinTech and innovation firms joining DIFC exceeded the total that established operati...
MBRIF partners with Dubai Silicon Oasis to support startups
Mohammed bin Rashid Innovation Fund (MBRIF), an initiative launched by the UAE Ministry of Finance to support nationwide innovation, has partnered with Dubai Silicon Oasis (DSO) to support emerging te...
Hackers using Dolphin backdoor to steal data via Google Drive
ESET researchers analyzed a previously unreported sophisticated backdoor used by the ScarCruft APT group. The backdoor, which ESET named Dolphin, has a wide range of spying capabilities, including mon...
SE Ventures announces €500 million Fund II for tech start-ups-500
SE Ventures today announced a €500 million Fund II focusing on climate and industrial technology. Backed by Schneider Electric this move builds upon a 2018 Fund I to bring SE Ventures to €1 billion of...
NEC Orchestrating Future Fund closes for US$140 million
NEC Corporation has completed the final close of the “NEC Orchestrating Future Fund”, an ecosystem-type corporate venture capital (CVC) fund established in December 2021 for US$140 million...
ITIDA partners with 500 Global to boost Egypt’s startup ecosystem
Egypt’s IT Industry Development Agency (ITIDA) is partnering with 500 Global, one of the world’s most active venture capital firms, to bring the latter its range of programs to Cairo with the strategi...
‘SC Women in Tech’ program launched in KSA
Standard Chartered and Falak Investment Hub has announced the launch of the first cohort of the ‘SC Women in Tech’ program in the Kingdom of Saudi Arabia. Applications for the program will begin from ...