Friday 30 September 2016
 
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Venture Capital

Dubai’s Turn8 launches new venture capital fund

Dubai-based Turn8 has launched a $60 million venture capital fund for technology innovation. Turn8 Innovation Fund I L.P. makes Turn8 one of the largest providers of seed capital in the region catering to the global start-up eco system.

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Saudi Arabia plans $1.1bn fund for SME sector

Saudi Arabia will establish a $1.1 billion fund to develop its venture capital industry and support the creation of small and medium-sized companies, the cabinet said on Monday, as the kingdom tries to strengthen its economy in an era of cheap o

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Saudi Arabia plans $1.1bn fund for SME sector

Saudi Arabia will establish a $1.1 billion fund to develop its venture capital industry and support the creation of small and medium-sized companies, the cabinet said on Monday, as the kingdom tries to strengthen its economy in an era of cheap o

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Venture capital deals fall fourth quarter in a row

A total $27.4 billion invested across 1,886 venture capital deals globally during the second quarter (Q2) of 2016, representing a fourth-straight quarter of investor pull-back in activity, a report said. The total number of deals

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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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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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