News
du launches 5G home wireless service in the UAE
du, from Emirates Integrated Telecommunications Company (EITC), today announced that the popular Home Wireless mobility service now provides new unlimited 5G-powered capabilities for homeowners across...
IFC invests in Algebra Ventures to support Egyptian startups
To support tech startups with access to finance and drive innovation and job creation primarily in Egypt, IFC, part of the World Bank group announced an investment in the second fund from venture capi...
Egyptian cloud kitchen, The Food Lab raises $4.5 million
The Food Lab (TFL), Egypt’s first cloud kitchen services operator, has completed the $4.5 million pre-seed fund raising round with investors coming onboard from across the world and the round was co-l...
Bahraini startup, Lumofy partners with Opensesame to launch new learning platform
Lumofy, an integrated Learning Experience platform that helps organizations diagnose, curate, engage and track corporates’ human capital competencies, launched exclusively its new learning platform du...
Saudi Arabia launches SME Development Program
The International Islamic Trade Finance Corporation (ITFC), Saudi EXIM Bank, and General Authority for Small and Medium Enterprises (Monshaat) signed an tripartite MoU to launch the KSA SME Developmen...
Middle Eastern startups attracted $2.88 billion dollars investments in 2021
The Digital Digest and Arabnet publish “The State of Digital Investments in MENA 2019-2021” summary report, which offers a comprehensive look at the tech investment landscape in the MENA region, wit...
Accenture reveals Metaverse Continuum
A new report from Accenture reveals that the “Metaverse Continuum,” a spectrum of digitally enhanced worlds, realities and business models, is redefining how the world works, operates and interacts.
FOODICS raises $170 million for expansion
FOODICS has successfully raised $170 million in a Series C funding round led by Prosus, one of the largest global technology investors in the world, and Sanabil Investments, a PIF-owned investment com...
SPARK and Startups Without Borders launches new incubation programme
Startups Without Borders is partnering with SPARK to launch Startups On The Move Incubation programme, with support from Google.org. The programme entails a 5-month incubation and mentorship programme...