Thursday , 14 November 2019

Tag Archives: MENA

MENA startup update: $517mln investments YTD; UAE top in funding; rise in fintech deals

The UAE remains top recipient of funding, Egypt tops in deals The startup ecosystem is growing quickly in the Middle East and North Africa (MENA), with $517 million being invested in 354 deals in 2019 so far. 2019 year-to-date (YTD) saw $517 million in total funding, an increase of 30 percent compared to the same period of 2018, with a …

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Jordan’s EdTech startup Little Thinking Minds aims to enhance the Arabic language of children in MENA and beyond

EdTech startups are as important as any other tech startups that are popping in the region – and since technology plays an important role in our lives, children are also inclined to use smart devices to be entertained. Therefore, it would only make sense if education also took a shift towards digitizing its content to encourage children, transforming it into …

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Canon showcases ‘Education for Life Plus’ ecosystem at MENA Innovation 2019

‘Education for Life + is a Canon program that aims to enhance students’ experience through introducing new services to the higher education Jeddah, KSA: Canon Middle East, a leader in imaging solutions, is showcasing its ‘Education for Life Plus’ (EFL+) ecosystem of digital education solutions at the MENA Innovation 2019 being held in Muscat from 15-17 September 2019. Education for …

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Middle East and North Africa (MENA) Life Sciences Industry Outlook, Forecast to 2020

In this research deliverable, the analyst team provides bold perspectives and predictions for the Middle East and North Africa (MENA) region’s life sciences industry in 2020. The markets covered include pharmaceuticals, biotechnology, and in-vitro diagnostics. The analysis captures the impact of trends that are expected to transpire over 2019 and 2020 as organizations prepare for the future.This study provides guidance …

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Growing role of FinTech in the Middle East

For the region to produce unicorns, the FinTech companies will need to focus on organic and inorganic growth strategies The FinTech sector has matured over the past couple of years and now appears to have entered a new phase of evolution. The perception of the FinTech players have evolved from being a disruptor to a collaborator, which is resulting in …

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Green for Growth Fund (GGF) attracts EUR 4 million in new catalytic funding for climate action in Middle East North Africa (MENA) region

GGF has seen remarkable growth in its MENA investment portfolio, which increased by over 50% in volume in 2018 to cross the EUR 133 million mark Climate Action in the Middle East North Africa (CAMENA) invests EUR 4 million in the GGF to attract private capital for helping the region fight climate change; together with EUR 5 million EIB investment, …

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Surface Design Middle East to equip MENA design sector market worth $336bln

· UAE is the region’s most advanced market with eCommerce sales projected to hit AED 59 billion in 2019 and grow at an average of 23% annually between 2018 and 2022 · eCommerce sales and growth in the country higher than regional average and par with major international markets · Government policy, startups and tech-savvy consumers expanding eCommerce and tech …

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MENA startups’ funding deals hit record high in first half of 2019

Total funding in H1 2019 rose 66 percent year-on-year and the number of deals was up 28 percent The number of funding deals for startups in the Middle East North Africa (MENA) region during the first half of this year reached the highest number on record for a first half of a year, according to startups platform Magnitt. The number …

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Egypt is home to the highest number of internet users in the MENA

Over 50% of the population are active internet users, a number that is expected to rapidly increase by the year 2030, as per Admitad’s 2nd annual industry report outlining e-commerce trends in Egypt. Though only 15% of online users in Egypt shop online, the populous is becoming progressively approachable in online communications The e-commerce market in the MENA Region is …

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Outstanding ministerial confirmations at historic MENA innovation forum

The event steering committee is proud to confirm education, higher education & ICT ministerial participation from Saudi Arabia, Egypt, Qatar, Jordan, Kuwait, Lebanon, Libya, Mauritania, Djibouti and Somalia to join the multiple ministers taking part from the Government of Oman. In September, MENA Innovation 2019 – the high-level forum dedicated to commercial partnerships, ICT innovations and best practices necessary for …

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