UAE’s e& completes acquisition of over 50% stake in Careem Technologies
UAE
UAE telecom operator e& has successfully finalized the acquisition of a 50.03% stake in Careem Technologies, known as the Careem Everything App. The transaction,...
Moroccan Startup CloudFret Secures USD 2.1 Million for Further Expansion in Europe
Morocco
CloudFret, a transport and logistics startup, recently concluded a new funding round, securing USD 2.1 Million from investors, AfriMobility and Azur Innovation Fund.
The...
On the Sidelines of GITEX, Bahrain EDB Attracts USD 295 million in ICT, total Direct Investments worth USD 1.4 billion
Bahrain
Bahrain Economic Development Board (Bahrain EDB) has attracted USD 295 million in direct investments within the Information and Communications Technology (ICT) sector as part...
Riyadh Valley Company invests in Flat6labs’ Startup Seed Fund
Saudi Arabia
Riyadh Valley Company, the investment arm of King Saud University, announces its investment in the venture capital fund (Flat6labs Startup Seed Fund “SSF”)...
DIEZ launches $136 million venture capital fund for startups
UAE
Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai,...
