Archive for the ‘Enterprise’ Category


Screenshot Middle East Venture Partners (MEVP) has announced that it made 5 new investment in 5 new startups. The startups are" Mobinets raised $3M, Series B, Fuel Powered raised $2M, Series A, FADEL Partners (Undisclosed, Series A), Klangoo raised $1.5M, Series A, Bookwitty ($4M, Series B) closing soon. Here is a quick bio of each of those startups: ...
Screenshot Another sad and bad news for troubled Egypt, Intel is closing its offices in Egypt and firing all employees according to sources in Egypt. Intel confirmed the news and said its closing its R&D and engineering unit in a statement sent to the media Intel said that it is committed to the Egyptian market and the decision have nothing to do wit...
Screenshot Completed Acquisition of Technology Assets from Bestech Systems Limited and Savoy Computing Services Ltd to Accelerate Adoption of BIM for Infrastructure Autodesk, Inc. (NASDAQ: ADSK) is expanding its portfolio of technology for Building Information Modeling (BIM) for infrastructure following the completion of the acquisition of certain ...
Screenshot On August 4th, Ideavelopers and Vodafone Egypt signed a new EGP 6 million (858,630 US Dollar) investment deal with Swipe'n'tap, a Cairo-based technology startup. In a time when Egypt is facing immense challenges, young ambitious Entrepreneurs provide a beacon for hope. This is Ideavelopers’ 22nd investment in a technology startup since 2004....
Screenshot Tech Mahindra Limited, a specialist provider of information technology (IT) solutions and services to the telecommunications industry and Mahindra Satyam, a leading global consulting and IT services provider, recently announced the formal amalgamation of Mahindra Satyam with Tech Mahindra. The merged entity, which has been ranked among the top fiv...
Screenshot MEVP (Middle East Venture Partners) one of the leading and active Venture Capital firm in the Arab market has announced that it closed several investment rounds with the following companies at an average ticket price of $ 600,000: Series A in Jordan based Gate2Play.com Gate 2 Play is a specialized end-to-end e-payment aggregator, addressing ...
Screenshot The Egyptian revolution is achieving its objectives one after the other in the hard way, with paid souls and blood in the long march for justice, freedom and Independence from domestic and foreign tyranny and conspiracy. However, Egyptian economy is not doing well. Egypt has a high level of poverty rates, around 40%, its economy is dependen...
Screenshot Competing for $40,000 and six scholarships to the university of Sharajah in UAE, 120 promising Arab students and scientists concluded their participation in the 2nd Annual Intel Science Competition at an award ceremony help last night in Sharjah under the patronage of Dr. Sultan Al Qasimi, member of the UAE Supreme Council. Anas Eshtaya...
Screenshot Intel Corporation made its first acquisition in the Arab world, today it announced through its standalone business entity Intel Mobile Communications, that it has acquired most of the assets of SySDSoft, a privately held software company based in Cairo and hired approximately 100 of the company’s electrical engineers and computer scientists. ...
Screenshot Around 10 days ago ArabCrunch  had a meeting with Barig Seraj the CEO of ICT Ventures a Saudi based Venture capital firm. Barig Seraj informed us about his company and his recent investments, ICT Ventures is a growth based VC that focus in the IT sector. The VC firm made 3 investments so far. First in Mobidiv an Egyptian mobile app develope...
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