Dubai-based early-stage venture capital firm COTU Ventures is announcing that it has raised $54 million for its inaugural fund to support startups in the Middle East from pre-seed to seed stages. With
The Qatar Investment Authority (QIA) is launching a $1 billion venture capital fund of funds for international and regional venture capital funds, the sovereign wealth fund announced on Monday at the
Tamara, a buy now, pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in a financing round that values the fintech at $1 billion. Saudi asset manager an
The global energy spare parts market is valued at over $90 billion, with the Middle East representing about 35% of this sector. This sector remains largely untapped by existing additive manufacturing
On October 7, Hamas launched an unprecedented terrorist attack on Israel, killing more than 1,200 people, with hundreds taken hostage. The attack prompted a deadly response from the Israel Defense For
The past year and a half have witnessed multiple startups facing valuation cuts as funding from VCs waned in an environment of rising interest rates. In this context, fintechs, especially buy now, pay
African startup funding has seen a significant decline of more than 50% over the past three quarters compared to the previous year, as reported by The Big Deal. To date, startups on the continent have
For Chinese electric car manufacturers, Europe has long been a priority destination for international expansion. With its affluence, environmental consciousness and relatively friendly attitude toward
The International Finance Corporation (IFC) has today launched a $225 million venture capital platform to back early-stage startups in Africa, Middle East, Central Asia and Pakistan. The IFC, a member
The days of European startups relocating to the U.S. if they want to grow (and raise money to do so) have been receding in the rearview mirror for a while now, so much so that even in these leaner tim
A new report examing the impact of Apple’s privacy feature, App Tracking Transparency, indicates Apple’s ads business appears to have financially benefitted as a result of the feature̵
Dubai-based startup Stake is offering retail investors from across the globe the opportunity to buy fractions of rental property in UAE’s marquee city and earn regular income. The startup, founded i
In the post-2016 U.S. election world, secretive online campaigns designed to influence global politics are nothing new. And while U.S. adversaries like Russia, Iran and China have been linked to gover
Hong Kong-based drug discovery and development company Insilico has secured fresh capital at a time that its CEO described as a “biotech winter.” The firm has raised $35 million on the hee
H.E. Al Olama recently spoke about the burgeoning Emerati startup and venture capital ecosystem, and the country’s approaches to attracting U.S. VC investment.
An ongoing cybercriminal operation is targeting digital marketing and human resources professionals in an effort to hijack Facebook Business accounts using a newly discovered data-stealing malware. Re
Security researchers have linked the discovery of an actively exploited but since-fixed zero-day vulnerability in Google Chrome to an Israeli spyware maker targeting journalists in the Middle East. Cy
Sequoia Capital’s China affiliate has pulled in $9 billion in fresh capital to back the country’s tech companies across all stages, The Information first reported. The raise arrived at a t
This week, the Walt Disney Company continues to gain ground in the global streaming market as it launches Disney+ in 16 markets across the Middle East and North Africa (MENA). This follows the launch
Yahya Bouhlel started coding in his early teens. Within this timeline, he interned at several companies in Palo Alto, California. Most of his work revolved around building apps and iPhone games. When
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