NDRC will provide expertise and personnel throughout a three-month programme for 10 start-ups from the MENA region, with the OTF investing the required capital.
Car purchasing app Seez R launches in UAE
Lebanese firm Seez R has launched its app in the UAE that is “going to change” how users look for …
UAE-based Crescent Enterprises launches $150m startup fund
Crescent Enterprises CEO Badr Jafar said half the fund would be allocated to startup firms in the Middle East and North Africa (MENA).
SME sector in GCC set to hit $920bn in next five years: study
While the GCC region accounts for only 34% of the MENA SME sector, with around $360 billion per year, it has the largest potential for SMEs regionally, as it is growing from a relatively low base.
Saudi Arabia thinks big in vision for startups
In line with Vision 2030, which entails tech-led overhaul of the economy, Saudi Arabia is encouraging the world’s entrepreneurs and …
KACST approves Saudi app Mathaqi as incubated project
The King Abdul Aziz City for Science and Technology (KACST)’s Badir programme has approved the Mathaqi smartphone application as an incubated project.
DIFC pledges to triple support for FinTech in 2018
In addition to Fintech Hive, DIFC will be introducing two new programmes that focuses on RegTech and InsurTech in 2018.
Oman’s Wadi Accelerator Programme to enhance tech startup support
Oman Technology Fund (OTF) has launched the Wadi Accelerator Programme – an innovative three-month startup programme that brings together regional talent and global expertise.
Mubadala to invest €500M in French startups, tech firms
Mubadala Investment Company has partnered with Caisse des Dépôts Group subsidiary CDC International Capital and Bpifrance in a new investment vehicle aimed at private and direct investments in the French economy.
UAE-based online marketplace Matic raises $3m to expand regional operations
The platform, which matches individuals seeking professional cleaning services with cleaning companies, has leveraged the technology that it developed to upgrade the convenience, quality, and safety of home cleaning.