Founded in November 2014, the company with operations in several countries including the UAE and Saudi Arabia is now valued at $2.1bn
The funding surge is happening as Bitcoin hits record highs
Oil accounts for 90 per cent of Kuwait’s revenue
Shuaa Capital led a $50m structured sukuk for Pure Harvest co-investing with Franklin Templeton and Sancta Capital
Startups receive a total of $250,000 in investments, head to demo day
The studio, which will work on a revenue sharing model, will support founders in the early stages of setting up their businesses
Bloom Education beneficiary of ADFD’s Dhs1bn support programme
Investment round led Salesforce Ventures, with Sequoia and Lightspeed participating
The funding will enable the startup to grow its share in existing markets, ramp up international expansion, as well as expand its fintech offering
Ziina also announces new seed funding from US and MENA venture capital funds
TurtleTree Labs produces milk using cell-based technology
Backers receive non-monetary rewards in return for backing a startup fundraising campaign
The yield on Aramco’s $3bn of bonds due in 2029 has dropped to 2.09 per cent from 3.04 per cent at the start of the year
Changes in law allows small enterprises to fundraise via convertible notes and employee shares schemes
Virtual kitchen brand to expand its number of brands by five
The 50-year tranche is the longest term for a bond issued by a GCC sovereign issuer
KBW Ventures joins funding round for US-based Bond Pet Foods
FarEye counts Emirates Post and Landmark Group as customers
While the pandemic may have rattled industries, the regional startup ecosystem remains resilient
iKcon currently operates ten cloud kitchens across the UAE
Despite the Covid-19 crisis, here’s why this is a good time to start a business in the UAE, opines Mana Al Suwaidi, executive chairman, Startegi Advisors