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BlackRock appoints MD for UAE, Oman, Bahrain

People

10 June, 2024

BlackRock appoints MD for UAE, Oman, Bahrain

BlackRock on Monday said it hired Mohammad Al Fahim as managing director and head of the United Arab Emirates to ......

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Path to profitability key in Egyptian VC Beltone's deployment strategy

Finance

07 June, 2024

Path to profitability key in Egyptian VC Beltone's deployment strategy

Egypt-based Beltone Venture Capital (BVC), which is a subsidiary of Beltone Holding and is currently deploying capital from two investment ......

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Shorooq Partners eyes Saudi expansion with ‘oversubscribed' Bedaya Fund II

Finance

05 June, 2024

Shorooq Partners eyes Saudi expansion with ‘oversubscribed' Bedaya Fund II

Shorooq Partners, an Abu Dhabi-based venture capital firm, is set to double down on its commitments in Saudi Arabia from its oversubscribed ......

MENA Digest: Agritech startups iyris, YoLa Fresh bag big cheques

TMT

31 May, 2024

MENA Digest: Agritech startups iyris, YoLa Fresh bag big cheques

The Middle East and North Africa (MENA) region saw a slew of growth-stage startup funding deals this week, led by ......

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DFDF to widen investor base in three-phase expansion strategy

Finance

30 May, 2024

DFDF to widen investor base in three-phase expansion strategy

Dubai Future District Fund, the region’s first evergreen venture capital fund-of-funds, launched with an initial corpus of $200 million from ......

Dubai party hotel operator FIVE Holdings taps banks for IPO next year

Consumer

29 May, 2024

Dubai party hotel operator FIVE Holdings taps banks for IPO next year

Dubai-based party hotel operator FIVE Holdings Ltd is working with banks on a planned initial public offering next year, people ......

Infra.Market raises fresh capital to expand in MENA region

TMT

28 May, 2024

Infra.Market raises fresh capital to expand in MENA region

Mars Growth Capital, a joint venture of Japan's Mitsubishi UFJ Financial Group’s banking subsidiary MUFG Bank and Israel-based Fintech Liquidity ......

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Saudi PIF-backed Jada commits capital to healthcare-focused PE fund

Finance

28 May, 2024

Saudi PIF-backed Jada commits capital to healthcare-focused PE fund

Saudi Arabia’s Public Investment Fund (PIF)-backed Jada Fund-of-Funds has struck its third limited partner style bet this year, backing a ......

UAE's Alef Education seeks to raise up to $515 mn in IPO

Consumer

28 May, 2024

UAE's Alef Education seeks to raise up to $515 mn in IPO

Educational technology provider Alef Education plans to raise as much as $515 million in its initial public offering (IPO) on ......

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Gulf Capital aims first close of latest PE fund soon

Finance

28 May, 2024

Gulf Capital aims first close of latest PE fund soon

UAE-based private equity firm Gulf Capital is aiming for the first close of its soon-to-be-launched fourth investment vehicle, estimated to ......