CIB sets up fintech-focused venture capital firmCommercial International Bank (CIB), a leading financial institution in Egypt, has set up CVentures, the first Corporate Venture Capital firm in Egypt primarily focused on investing in transformational FinTech startup companies. C More… |
Venture builder Enhance closes $1.5m seed roundEnhance, a holding company for online marketplaces in MEA, has raised a seed round of $1.5 million with investment from iNet, 500 Startups, Shorooq Investments and leading angel investors from the Gulf, Europe and the US. Enhance More… |
Crescent launches $150m venture capital armThe Crescent Enterprises, a multinational company headquartered in the UAE, has launched a venture capital arm with plans to invest $150 million over the coming three years, a report said. Crescent Enterprises CEO Badr Jafar said More… |
Mubadala launches new venture capital businessAbu Dhabi-based investment company Mubadala has announced the launch of its new venture capital business in partnership with leading Japanese conglomerate SoftBank. The venture capital initiative will sit within the group's fi More… |
Mubadala launches new venture capital businessAbu Dhabi-based investment company Mubadala has announced the launch of its new venture capital business in partnership with leading Japanese conglomerate SoftBank. The venture capital initiative will sit within the group's fi More… |
Alabbar and MEVP launch $250m Mena-focused venture capital fundMiddle East Venture Partners (MEVP) has announced the launch of its third Mena venture capital fund – the Middle East Venture Fund III (MEVFIII) - with a target size of $250 million. MEVFIII will invest in innovative early-stage a More… |
Mena PE transactions hit record 244 in 2016The number of disclosed private equity transactions in the Mena region reached 244 in 2016, recording the highest since 2008, said a new report from the Mena Private Equity Association, a non-profit organisation. However, the valu More… |
Alabbar buys key stake in top venture capital firmMohamed Alabbar, founder and chairman of Dubai-based Emaar Properties, has acquired a non-controlling stake in Middle East Venture Partners (MEVP), a leading venture capital firm in the region. The move is aimed at creating one of More… |
Alabbar buys key stake in top venture capital firmMohamed Alabbar, founder and chairman of Dubai-based Emaar Properties, has acquired a non-controlling stake in Middle East Venture Partners (MEVP), a leading venture capital firm in the region. The move is aimed at creating one of More… |
Report highlights role of venture capitalNew crowd-funding regulations and expanding existing bankruptcy laws are key steps that Bahrain needs to take for enabling venture capital-led economic development, said the Gulf Daily News, our sister publication, citing a new report. More… |