Modus Capital and Hub71 launch ‘Ventures Lab’ to build and invest in scalable tech startups.
Accenture and Global Ventures Establish Strategic Partnership to Further Drive Middle East Innovation. Two organisations to cooperate on thought leadership and research, uncover insights and trends, and bridge opportunities between existing clients.
Massimo Cannizzo, CEO and co-founder of GELLIFY Middle East, discusses how the company is leveraging its technological expertise and knowhow to help foster and develop high-potential B2B startups.
The Saudi Technology Ventures report highlighted that venture capital (VC) investments in Saudi Arabia are growing rapidly, and yearly invested capital has the potential to expand tenfold to $500 million in 2025.
Wahed Invest, a New York-based firm and the first fintech Islamic Economy startup has raised an additional $8 million this year from existing investors to accelerate development of a global savings solution and international expansion.
Bahrain Development Bank (BDB) has announced that the Al Waha Fund of Funds has successfully closed its $100 million fundraising round.
Dubai International Financial Centre (DIFC) has announced its partnership with Startupbootcamp to support the development of the growing FinTech and venture capital ecosystem in the Centre as well as promote entrepreneurship in the region.
Crescent Enterprises CEO Badr Jafar said half the fund would be allocated to startup firms in the Middle East and North Africa (MENA).
The agreement lets SoftBank and other firms invest up to $1 billion in Uber, and proceed with a tender offer in coming weeks to buy up to $9 billion in shares from existing investors.
Abu Dhabi’s Mubadala Investment has announced plans to invest $15 billion in SoftBank Group Corp’s Vision Fund and start two new venture capital funds to build its technology holdings.