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Startup funding UAE

Just How Much Startup Funding Would Flow Through The UAE In 2018?

Startup funding worth more than $1 billion is likely to be raised in the UAE this year, according to Omar Christidis, founder and chief executive of Arabnet, an online hub for digital... (contd.)
Starting a business is one thing, but consistently reaching your goals and maintaining a profit is a different story. Learn how you can make more money today.

Starting a Business Is One Thing. Here’s How to Actually Make it Profitable

It's one thing to start a business, but consistently reaching your goals and maintaining a profit is a different story. Only four out of 100 businesses survive past the 10-year mark, and... (contd.)
Alabbar buys MEVP stake

Mohamed Alabbar Makes Another Move, Acquires Stake In Middle East Venture Partners

Dubai billionaire Mohamed Alabbar has acquired a large stake in Middle East Venture Partners (MEVP), one of the largest venture capital firms in the MENA region, according to a statement.The deal size... (contd.)
Expensya Tunisia

Tunisian Startup Expensya Raises $1.10 Million To Boost Sales & Expansion

Tunisia-based expense reporting startup Expensya has raised a fresh funding round worth $1.1 million from a group of investors.The funding will support its international expansion and enable it to enhance research and... (contd.)
Fetchr raises $41 million

Fetchr Straps On For Mega Growth, Raises A $41 Million Series B Round

Dubai-based Fetchr, an app-based shipping startup, has raised $41 million in a Series B financing round led by New Enterprise Associates Inc (NEA), it announced May 16.Nokia Growth Partners, Raed Ventures, Iliad... (contd.)
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ADGM relaxes rules for VC funds

Venture Capital Funds In The UAE Find Their Oasis In Abu Dhabi

The Abu Dhabi Global Market (ADGM), a financial center based at Al Maryah Island in Abu Dhabi, has made it easier for venture capital (VC) funds to operate on the island.The ADGM’s... (contd.)
Vezeeta scores $500k in funding

Egypt’s Healthcare Opportunity: Vezeeta Scores A Cool $500,000 In Funding

Endeavor Catalyst Fund has invested $500,000 in Egypt-based digital healthcare solutions provider Vezeeta.Endeavor Catalyst Fund is the co-investment vehicle of New York-based nonprofit organization Endeavor Global that encourages job creation in emerging... (contd.)
Abu Dhabi SoftBank

SoftBank’s Giant Tech Fund To (Probably) Get A $15 Billion Boost From Abu Dhabi

Abu Dhabi sovereign fund Mubadala Investment Company is likely to invest up to $15 billion in Japanese internet and telecoms powerhouse SoftBank’s $100 billion Vision Fund.The fund would be wrapped up in... (contd.)
VC investments in MENA begin to dry up

2017: VC Investments In The MENA Region Are Beginning To Dry Up

The venture capital industry in MENA saw a tepid start in 2017 after seeing investments worth $889 million in 2016, according to a report by MAGNiTT, an online platform for entrepreneurs and... (contd.)
Bahrain gets payment wallet

One Gulf State Has Taken A Giant Payments Leap

The Central Bank of Bahrain (CBB) is working with financial network BENEFIT to launch a national electronic wallet by the end of June this year.The wallet will enable instant payments via smartphones... (contd.)
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