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
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
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.
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
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
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
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
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.
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.
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