Ankush Chibber

Managing Editor

Ankush Chibber
Ankush is a journalist hailing from India, who has edited and written for publications in his home country, the UAE, US, and UK. Previously the editor of Gulf Business in Dubai and of Entrepreneur in India, Ankush is a keen student of economics, a follower of Manchester United since 1996 and a disciple of Archer.
Nanotronics raises funds from ICD

Dubai Backs Maker Of The ‘World’s Most Advanced Automated Microscope’

Dubai's sovereign wealth fund has invested in Nanotronics, a US-based developer of what is claimed to be the world's most technologically advanced automated microscope, it announced October 3.According to a statement, Nanotronics has... (contd.)
GCC State of Digital

Here Are The 3 Truths As Per LinkedIn About The State Of The GCC’s Digital Arena

This week, tech major LinkedIn teamed up with the Ideation Center at Strategy&, part of the PwC network, to issue a report on the state of digitization.And it did not make for pretty reading for anyone thinking... (contd.)
Beehive raises fresh funds

Dubai-based P2P Startup Beehive Raises $5 Million As It Prepares To Enter Saudi Arabia

Dubai-based peer-to-peer (P2P) lending platform Beehive has secured $5 million investment as part of a Series A round led by Riyad TAQNIA Fund and the Mohammed Bin Rashid Fund (MBRF), it announced... (contd.)
Altibbi raises $6.5 million from DASH and MEVP

Dubai-based Digital Health Platform Raises $6.5 Million To Boost Its Growth Into A Higher Gear

Digital health startup Altibbi has raised $6.5 million in a new round of funding to boost its growth and expansion in the region. According to a statement, the round was co-led by Middle... (contd.)
Waha Capital invests in Channel VAS

Channel VAS Banks $55 Million From Waha Capital In Its Mission To Bank The Unbanked

Abu Dhabi-based investment firm Waha Capital announced today that it had acquired a significant minority stake in Dubai-based fintech firm Channel VAS.According to reports, Waha Capital picked up the undisclosed stake for... (contd.)
MEVP launches $250 million fund.

Mohamed Alabbar & MEVP Aim To Plug The MENA Startup Ecosystem’s Growth Capital problem

Mohamed Alabbar-backed venture capital firm Middle East Venture Partners (MEVP) announced today a $250 million venture capital fund it will use primarily to fund growth-stage companies in MENA and Turkey.Called the Middle East... (contd.)
MENA IPO activity

So, How Is The MENA IPO Market Doing?

While there were many more companies in the MENA region going public in the first half of 2017 than in the same period in 2016, there was a significant drop in the... (contd.)
AWS to open data centers in Bahrain

Amazon Web Services To Open Its First MENA Data Centers In Bahrain

Global tech giant has announced that it will open three data centers in Bahrain by early 2019 as part of an infrastructure push in the Middle East.According to a statement, following... (contd.)
Dubai offers incentives for EV owners

Here’s How Dubai Plans To Put 40k Electric Cars On Its Roads

Dubai has announced a host of incentives worth millions of dirhams with a goal of having approximately 42,000 electric vehicles on the emirate’s streets by 2030. Primarily led by the Dubai Electricity and... (contd.)
Saudi Arabia to come out with bankruptcy law

After UAE, Saudi Arabia To Come Out With A Bankruptcy Law

Almost a year after the UAE came out with its bankruptcy law, a senior Saudi Arabian government official has revealed that the country will also begin implementing a new bankruptcy law as... (contd.)
Alshaya invests in

One Of MENA’s Biggest Retail Operators Is Going All In With

M.H. Alshaya Co. announced today that it has acquired a strategic stake in, an upcoming e-commerce platform led by Dubai billionaire and Emaar Properties Chairman Mohamed Alabbar. Although financial details of the deal... (contd.)
POSRockets raises seed round.

POSRocket Raises $650,000 In Its Aim To End The Ol’ Cash Register In Jordan

POSRocket, an Amman, Jordan-based startup has revealed that it has raised a seed investment of $650,000, led by Jabbar Internet Group, Arzan VC, Propeller Inc. and two angel investors.  Further details of the... (contd.)
Swych raises funds from UAE Exchange

UAE Forex House Invests In US-based Digital Gifting Startup

Swych, a digital gifting startup based out of the US, has announced that it has raised a Series A round from UAE Exchange, a UAE-based remittance and forex service provider in the... (contd.)
Foodics raises $4 million

Food Tech: Saudi Startup Raises $4 Million For Its iPad-based Restaurant Management System

Foodics, a Saudi Arabia-based restaurant management systems startup, has raised $4 million in a Series A round, it announced over the weekend.According to a statement, the round was led by Saudi venture capital... (contd.)
MEVP invests in Wego

Post MBC Deal, Wego Secures Further Ammo For Expansion From MEVP

Travel marketplace startup Wego announced today that it had secured an investment from Middle East Venture Partners (MEVP) in exchange for equity ownership.Financial details of the deal were not disclosed.Wego, which compares... (contd.)

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