News
Kuwaiti startup Bookr raises $1 million in seed funding
Kuwait-based startup Bookr has raised $1 million in a Seed funding round led by Desert Ventures. The startup enable users to find and book nearby beauty salons, barbers and spas, as well as freelancer...
Egyptian startup MaxAB acquires WaystoCap
MaxAB, the largest Egyptian B2B e-commerce platform that serves food and grocery retailers, has acquired WaystoCap, the Morocco-based B2B e-commerce and distribution platform that connects retailers w...
9 out of 10 SMEs acknowledge UAE is a good business destination
Nine out of 10 SMEs think the UAE is a good location to start up a business – that’s according to the Zbooni 2021 UAE SME Survey. The study polled more than 200 UAE businesses across a variety o...
KPMG reveals record breaking investment in fintechs
According to KPMG’s Pulse of Fintech, a bi-annual report on fintech investment trends the overall, global fintech funding across M&A, PE, and VC deals soared to a new high in H1’21. Dry powder cas...
24 innovative businesses accepted into MBRIF accelerator
The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by the UAE Ministry of Finance to support innovation in the UAE, announced that 24 new innovative businesses have been accepted ...
Odiggo raises $2.3 million in seed funding from big 3 VCs
Dubai-based auto-tech app, Odiggo announced that it has successfully raised an amount of $2.3 million in seed funding round supported by three of the world’s top seed-stage VCs; Y Combinator, 50...
Arab Bank backs Egyptian cybersecurity, FinTech and AI startups
Arab Bank has launched an Egypt branch of its FinTech, artificial intelligence (AI) and cybersecurity accelerator. Arab Bank has recently launched its fintech-focused corporate accelerator programme “...
Zoho partners with TAQADAM to empower startups
Zoho Corporation has entered into a strategic partnership with TAQADAM, a leading Saudi Arabian startup accelerator founded by King Abdullah University of Science and Technology (KAUST) in collaborati...
Scale7 in partnership with M7 opens for applications to the incubation program
Scale7, the first fashion and design business incubator in Qatar- founded by Qatar Development Bank (QDB) in partnership with M7 – has opened for applications to the Incubation Program, the organisati...