Ecosystem
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2.3KAramco and Saudi Information Technology Company to set up a JV to invest in technology companies in Saudi and GCC
Saudi Aramco, the largest oil and gas company in the world and Saudi Information Technology Company, a recently founded Saudi sovereign wealth...
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2.4KIFC is considering to invest $1 million in Flat6Labs Tunis’ upcoming $10 million fund
International Financial Corporation (IFC), is considering to invest $1 million Flat6Labs Tunis, the documents on its information portal have revealed. The investment...
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2.6KEgypt’s Commercial International Bank launches CVentures, a CVC to invest in FinTech startups in Middle East & Africa
Commercial International Bank, the biggest private bank of Egypt, that is commonly known as CIB, has announced the establishment of CVentures, a...
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1.6KI am a startup journalist from MENA who had the chance to attend Slush 2018 – here’s everything I learned about the Finnish ecosystem
I know, Slush18 has been over for a week and I should have sat down and written this ages ago but, honestly,...
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2.5KWamda X: Serving founders or regaining relevance?
Wamda, an important actor in the MENA startup ecosystem, has had a relatively quiet year and I suspect the leadership team has...
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4.2KMeet the winners of RiseUp 2018 Startup Pitch Competition
We’re very late on this but as the cliche goes, better late than ever. RiseUp Summit concluded its sixth edition after three...
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2.6KUAE’s AstroLabs expands to Saudi, launches a coworking space in Riyadh
AstroLabs, a Dubai-based company that runs and manages two coworking spaces in the city is expanding to Saudi Arabia with the public...
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3.4KWamda launches Wamda X, a pre-idea grant-based program to invest in entrepreneurs in MENA
Earlier this year, we had joked about launching Why Not Ventures, a fund to invest in pre-idea ‘startups’ of the region. Published as...
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7.7KCairo-based Sawari Ventures raise $35 million as first tranche of its $70 million fund to invest in Egypt, Tunisia, and Morocco
As reports earlier this year suggested, Sawari Ventures has finally announced its latest fund with the first closing of $35 million today....
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4.3KJordan Ahli Bank launches FinTech accelerator, to offer up to $200,000 funding to selected startups
Jordan Ahli Bank has launched a FinTech accelerator, bank’s Chief Innovation Officer Rami Al Karmi announced at RiseUp Summit in Cairo today....