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2.5KInvestmentsSaudi’s Elm announces investment in Riyadh-based online car marketplace Syarah
Elm, a leading Saudi information technology company that is owned by country’s sovereign wealth fund, PIF, has announced its investment in local...
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3.6KNewsAnghami now has over 21 million MAUs, 1 million paying subscribers and it’s not afraid of competition from Spotify or Deezer
Beirut-based leading music streaming service of MENA, Anghami, now has over 21 million monthly active users and 1 million paying subscribers, company’s...
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3.9KNewsEgyptian payment platform Fawry planning IPO by next year
Cairo-based electronic payment services platform Fawry is planning to go public later this year or in 2020, company’s co-founder and Managing Director Mohamed...
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2.8KInvestmentsNew York-based high-end apartment rentals startup Blueground closes $20 million to fuel its expansion in Dubai
New York City-headquartered real estate technology startup Blueground has closed $20 million investment round, the startup announced today. This includes $8 million...
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2.4KInvestmentsSingapore’s Grab raises $1.46 billion from SoftBank’s Vision Fund at a reported valuation of $14 billion
Grab, the leading Southeast Asian ride-hailing company (or super app – as they like to call themselves) today announced that it has...
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2.7KInvestmentsAbu Dhabi’s Mubadala leads $125 million Series B investment in Berlin-based insurtech startup Wefox Group
Abu-Dhabi based Mubadala Ventures has led $125 million Series B round in Wefox Group, a Berlin-based digital marketplace for insurance, TechCrunch reported...
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4.8KEcommerceWadi.com completely shuts down the marketplace to focus on groceries in Saudi
Wadi.com, the Dubai-based ecommerce platform that had pivoted to groceries last year, has now completely shut down its online marketplace. The startup had...
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9.3KEcommerceEcommerce in MENA expected to reach $28.5 billion by 2022: report
According to a recently published report by global management consultancy firm Bain & Company that is present in Middle East through its...
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8.6KNewsDelivery Hero acquires Zomato’s food delivery business in UAE for $172 million
Another day another Delivery Hero acquisition in MENA. As reports last month suggested, Berlin-headquartered Delivery Hero today has announced the acquisition of Indian...
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5.2KInvestmentsDubai-based P2P SME lending platform Beehive raises $4 million to expand to Bahrain & Saudi
Dubai-based peer to peer lending platform Beehive has raised $4 million as part of its Series B round from Riyad Taqnia Fund...
