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Shorooq gets LP cheque from pan-Arab DFI for second venture debt fund

New Delhi, June 2 -- Shorooq Partners, an Abu Dhabi-based multi-asset investment firm backed by ten sovereign wealth funds, has secured the backing of a regional financial institution for its second t... Read More


MENA Digest: Saudi, UAE and Qatari fintech startups lead funding activity

New Delhi, May 30 -- Fintech startups boosted fundraising activity in the Middle East and North Africa region this week. Saudi Arabian fintech infrastructure platform Stitch raised seed funding while ... Read More


Compass Capital-owned Egyptian real estate investment firm Bonyan plans IPO

New Delhi, May 23 -- Egyptian private equity firm Compass Capital-owned real estate investment platform Bonyan for Development and Trade plans to float an initial public offering and list on the Egypt... Read More


MENA Digest: UAE's Tarjama, Egyptian startup Sylndr, Cairo's Thndr get funding

New Delhi, May 23 -- Startup funding activity in the Middle East and North Africa (MENA) region was led by growth-stage fundraises by key startups. These included UAE-based language solutions tech com... Read More


Attracting global VCs to bridge late-stage funding gap: DIFC Innovation Hub CEO

New Delhi, May 20 -- To address the late-stage funding gap facing startups in Dubai, the Dubai International Financial Centre (DIFC) Innovation Hub is actively working to attract global venture capita... Read More


MENA Digest: Egypt's Nawy, Saudi startup WakeCap bag big Series A cheques

New Delhi, May 16 -- Nawy, an Egyptian proptech startup that offers a full stack of the real estate ecosystem, led funding activity in the Middle East and North Africa region this week, securing growt... Read More


MENA Digest: Egypt's Money Fellows, Saudi firm Nqoodlet, others get funding

New Delhi, May 9 -- Fintech startups drove fundraising activity in the Middle East and North Africa region this week. Leading the charge was Egyptian fintech platform Money Fellows, which closed a dou... Read More


Fasanara Capital appoints former Shuaa Capital CEO to lead MENA expansion

New Delhi, May 6 -- Fasanara Capital, a global technology-driven investment management firm that manages assets worth $4.5 billion, has appointed a former top executive from Shuaa Capital to lead its ... Read More


Saudi VC firm STV closes maiden non-dilutive capital fund

New Delhi, May 2 -- Saudi Technology Ventures (STV), the region's largest tech-focused venture capital firm and a backer of unicorns like buy-now-pay-later platform Tabby, has marked the final close o... Read More


MENA Digest: Saudi firm Tuba, Iraq's IQ Cars, UAE's Fuze secure funding

New Delhi, May 2 -- Dealmaking in the Middle East and North Africa region picked up pace this week, led by a series of big-ticket fundraises. These included a triple-digit pre-IPO funding round by dig... Read More