Saturday 19 April 2014
 
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Venture Capital

Cisco unveils $5m Jordan capital funding plan

Global IT giant Cisco said it has invested $6 million into Badia Impact Fund which is dedicated to investment in early-stage start-ups in the technology sector in Jordan. This funding represents the first allocation from the $10 m

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Venture investors target Levant digital sector

Venture capital investors in Mena have their eyes set on the digital sector with almost half of all such investments going to this sector, a report said. Most ventures happened in Tunisia, Morocco and Lebanon, who currently lead t

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Venture Capital swings to H1 profit of $13m

The Bahrain-based regional Islamic investment bank Venture Capital Bank is back in the black with a net profit of $13 million in the first-half, building on its already successful first-quarter net profit of $8 million. The bank h

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Venture Capital Q1 net profit $8m

Bahrain-based regional Islamic investment bank, Venture Capital Bank (VCBank), has reported a net profit of $8 million for the quarter ended March 31, 2012, compared with a loss of $2.9 million for the corresponding period in 2011. The ban

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Kuwaiti firm inks project management JV

Kuwait-based venture capital and acquisitions firm Khatif Holding said its subsidiary Ashabakat Technical Networks for Computer has signed a partnership deal with Promastar to offer competitive advantage with project management solutions.

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New guide launched for Mena VC deals

The Mena Private Equity Association has launched a legal guide designed to give entrepreneurs a practical understanding of the basic terms involved in a venture capital (VC) transaction. The VC legal documentation guide focuses on issues s

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Bahrain banks buy Turkish juice company

Bahraini banks Venture Capital and Bank Alkhair (formerly Unicorn Investment Bank) have joined hands to acquire 65 per cent of Goknur Foods Import Export Trading and Production Company, a key producer of fruit juice concentrate and 

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Bahrain banks buy Turkish juice company

Bahraini banks Venture Capital and Bank Alkhair (formerly Unicorn Investment Bank) have joined hands to acquire 65 per cent of Goknur Foods Import Export Trading and Production Company, a key producer of fruit juice concentrate and 

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Saudi Telecom sets up $50m fund

The Saudi Telecom Group has established an investment fund to enrich innovation and creativity in Information and Technology with an initial capital of $50 million. The venture capital fund will specialise in start ups and small, and mediu

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Sabic sees moderate 2012 growth

Saudi Basic Industries' (Sabic)  venture capital arm is looking at acquisitions of up to $100 million for the new business, its chief executive said on Thursday, and has already made a few purchases in Europe and the US. Mohammed Al-M

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