Saudi Arabian firm Foodics, which has created an all-in-one restaurant management system, has raised a $20 million Series B funding round, as it bids to expand into the micro-lending industry. The 2014-founded…
Egypt’s DigiFi Network Raises US Pre-seed Cash
DigiFi Network, an Egyptian startup via which users swap profile information for WiFi connection, has won a pre-seed funding round from Toronto’s Loyal VC, as it aims to scale its product beyond…
Emirati Startup Bayzat Wins $16m Funding
Dubai-based Bayzat, which offers e-insurance and HR solutions, has won a $16 million Series B funding round to expand its enterprise HR and payroll resources. The round was led by Steve Cohen’s…
How Sefamerve Aims to Master the $254bn Islamic Fashion Market
Islamic fashion, oftentimes known as modest fashion, is a $254 billion market. Perhaps it’s surprising, then, that so few startups have made a successful go at dominating it. Sefamerve, a Turkish e-commerce…
SoftBank Takes Massive Hit on Stock Tumble, and Saudi Khashoggi Outcry
Japan’s SoftBank Group Corp has devalued by as much as $22 billion, on the back of a global tech stock tumble, and ongoing outrage over Saudi Arabia’s alleged slaying of a prominent…
At Russia’s World Cup, a Yellow Card for Traditional TV Broadcasters
The 2018 FIFA World Cup is almost a fortnight old and breaking broadcast records. But traditional airers should still look nervously over their shoulders. Over 3.4bn people are estimated to watch the…
Amid a Humanitarian Tragedy, Entrepreneurship is Being Kept Alive in Yemen
When Ibrahim Saleh began working in tech, barely anybody else understood what he did. It was 2006 and his home country of Yemen, torn by decades of coups, conflicts and civil wars,…
The Top Five GCC Startups to Watch Out For
The Middle East has risen, in a short space of time, from a digital backwater to a region of immense tech promise. The Gulf Cooperation Council (GCC) sits atop its valued metrics.…
Delivery Hero, Berlin’s Food Unicorn, Looks to Middle East for Key Growth
Just a fortnight ago Delivery Hero, the Berlin-based food ordering company, announced impressive financials to back up a June IPO which made it one of Europe’s hottest ‘unicorn’ tech firms. The company, whose…
DiDi Makes Next Move in Ride-Hail ‘Game of Risk’ with Careem Investment
China’s DiDi Chuxing has made another big move in the global ride-hailing market, by partnering with Middle Eastern brand Careem. The Dubai-based firm claims to be present in 80 Middle Eastern cities,…