Saturday 23 July 2016
 
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Venture Capital

UAE SME sector contributing 60pc of GDP

The  small and medium-sized enterprise (SME) industry in Middle East and North Africa (Mena) is becoming an increasingly important contributor to gross domestic product (GDP), with the SMEs in Egypt, Lebanon and UAE accounting for 80 per ce

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UAE SME sector contributing 60pc of GDP

The  small and medium-sized enterprise (SME) industry in Middle East and North Africa (Mena) is becoming an increasingly important contributor to gross domestic product (GDP), with the SMEs in Egypt, Lebanon and UAE accounting for 80 per ce

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$129m venture capital firm launched in Oman

The State General Reserve Fund (SGRF), Oman Oil Company, the Research Council and Omantel have launched the first equity-based venture capital firm Innovation Development Oman Holding (IDO) in Oman with initial capitalisation of RO50 million ($1

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Mena tech start-up sector grows 10-fold

The tech entrepreneur sector in the region has grown by over ten-fold in the last four years, according to Beco Capital, a regional venture capital firm focused on technology investments in the GCC. Dany Farha, co-founder and CEO

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Mena tech start-up sector grows 10-fold

The tech entrepreneur sector in the region has grown by over ten-fold in the last four years, according to Beco Capital, a regional venture capital firm focused on technology investments in the GCC. Dany Farha, co-founder and CEO

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Low oil prices to spur technology start-ups

Entrepreneurship and VC activity in the Arab region are expected to surge if oil prices linger at their current levels, said an industry expert. There is a strong positive correlation between a weak economy and a booming tech indu

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ME Venture Partners close fund at over $30m

Middle East Venture Partners (MEVP), a venture capital fund that invests in the region’s early stage technology businesses, has announced the second close of a fund at more than 30 million. The Middle East Venture Fund II (M

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250 global experts at Saudi investment summit

More than 250 private equity and venture capital professionals and stakeholders from across the world attended the Mena Private Equity and Venture Capital Summit yesterday (October 25) in Riyadh, Saudi Arabia. Prince Dr Turki bin

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Big boost seen for GCC venture capital

The venture capital market in the GCC has gained momentum in the last 12 months, boosted by a much deeper start-up ecosystem, government and private initiatives and increased attention from international investors, said an industry expert.

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Mena venture capital segment ‘set to grow 5-fold’

The venture capital industry in the Mena region is set to grow five-fold in the next three years, according to an industry expert. This boom will be propelled by the UAE and Saudi Arabia occupying the number one and three spots in

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