Archive for the ‘VC & Capital’ Category


Screenshot E-commerce is booming in the Arab world, as we have many companies and startups running e-commerce businesses. However the leader in that space is souq.com. According to sources for to Arabic tech blog one has, Amazon is currently negotiating an acquisition deal with souq.com. Souq.com started as an auction site like ebay around 2005 and then...
Screenshot Arabreneur announced the first investment of around half a million US Dollars in four Palestinian startups The announcement was made today by Dr. Abdulmalek Al-Jaber, Founder of Arabreneur and MENA Apps, to the media. “We are pleased to announce the first investment of 440 thousand USD in four leading, innovative startups”. Arabreneur, ...
Screenshot The technology ecosystem in the Arab world is improving with more M&A deals happening, when Yahoo! Acquired Maktoob, the Jordanian founders of Maktoob launched Jabbar group to invest in e-commerce businesses, while they themselves become angle investors. Like wise cobone and travel website Triperna founder and CEO Paul Kenny become a VC after ...
Screenshot Lebanese hardware startup littlebits who got its seed investment round from mostly Arab investors like Fadi Ghandour Chairman of Wamda and founder of Aramex, has secured series B in funding of $11 million from Foundry Group, Vegas Tech Fund, Two Sigma Ventures and angel investors Jun Makihara, Jay Dvivedi and Mohamed Nanabhay. The round was led b...
Screenshot Few months ago the region witnessed the launch of crowed investment platform eureeca.com, the platform showcase small and mide size business in the Arab region for investors to invest in. The process goes as followed : The startup submit and investment proposal which includes an executive summery and a business plan and set its funding goal, ...
Screenshot Al Quds college has launched Tuesday the 12th the USAID/HED funded project; “Quds Business Incubator (QBI) for Entrepreneurs”. This project is executed with the cooperation of Washtenaw Community College in Michigan and is sponsored and funded by the United States Agency for International Development (USAID) through Higher Education for Dev...
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 Superior Business Solutions SBS group, headquartered in Dubai, UAE, announced today the completion of acquisition of a Hyderabad, India based company - WebTag India. As per the agreement signed, the acquisition will encompass transfer of all assets and intellectual properties to a new entity branded SuperiorTag Business Solutions India Pvt. Ltd.,...
Screenshot The ICT Association of Jordan – int@j announced the ICT and IT Enabled Services (ITES) industry statistics for the year 2012 on October 21, 2013. The 2012 survey results show the ICT and ITES industry numbers for 2012: Total IT revenue of USD 617 Million USD (domestic IT revenue of 317 Million USD, and export IT revenue of 300 Million USD). Mor...
Screenshot The Alexandrian business incubator ( Inno101 ) to launch its new acceleration program ( Navigator ) next October , Navigator is a three months mentor – driven program to help Alexandrian and Egyptian entrepreneurs to build their own companies and take it from an idea to a real business . Navigator is designed to simulate the startups real ...
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