News
EDB signs a MoU with Food Tech Valley
Emirates Development Bank (EDB) has signed a memorandum of understanding with Food Tech Valley, which is being developed by wasl Asset Management Group, to provide financing solutions to SMEs and star...
Millennial Brands raises $35 million
Millennial Brands, an emerging consumer player specialising in launching and developing the next generation of direct-to-consumer and digital brands, operating in the Middle East, has secured a new ro...
Beban Season 2 registration deadline ends on April 30th
Beban, Bahrain’s first entrepreneurial-themed reality show produced by Hope Ventures, the investment arm of Hope Fund, gets ready to wrap up the registration period for its highly anticipated second s...
Bahraini startup, Dallaspresso clocks 128% growth
Dallaspresso, a Hope Ventures portfolio company, achieved 128% sales growth, achieving 20% of its annual sales target in Q1. As both B2B and B2C sales increase, the company becomes one of Hope’s top 3...
Etisalat UAE celebrates Ramadan with the startups and SMBs
Etisalat UAE today announced its special SMB initiatives to celebrate the spirit of togetherness and giving back to the community during the holy month of Ramadan. This year, in keeping with its princ...
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...