According to MAGNiTT's October 2021 Investment Information Report covering venture capital activity in the MENAP region, you notice a very significant closing of a massive year.
Investment in the MENA region is approaching the $2bn mark with nearly (...)
The world's attention will turn to the city of Al Khor, north of the Qatari capital, Doha, on 13 November, as the Gulf country will open the second largest stadium for the 2022 World Cup, Al Bayt Stadium, hosting its first game between Qatar and (...)
Assistant Secretary-General of the Arab League, Ambassador Hossam Zaki, met on Monday with Lebanese President Michel Aoun, Prime Minister Najib Mikati, Parliament Speaker Nabih Berri, and Lebanese Foreign Minister Abdullah Bou Habib in Beirut, to (...)
The Secretary-General of Arab League, Ahmed Aboul Gheit, expressed his concern over the rapid deterioration in the Lebanese-Gulf ties, the league said in a Saturday statement.
The crisis came as a result of the remarks by Lebanon's Information (...)
Telecom Egypt has secured a $500m medium-term syndicated loan to finance capital expenditure and refinance existing short-term facilities.
First Abu Dhabi Bank (FAB) and Mashreq Bank were mandated as joint coordinators, underwriters, bookrunners, (...)
Spotify Premium for Students launches in 20 new countries around the world including Egypt, UAE, KSA, Qatar, Kuwait, Bahrain, Lebanon, Jordan and Morocco. Spotify Premium for Students allows all eligible university students to enjoy Spotify Premium (...)
Flat6Labs, the leading seed and early stage VC firm in the Middle East and North Africa (MENA), has celebrated 10 years of supporting startups and empowering entrepreneurs all over the region.
Launched in Cairo in 2011 by Sawari Ventures, Flat6Labs (...)
Google has announced the launch of the third edition of its Startups Accelerator: Middle East and North Africa programme which provides mentorship and support by Google experts.
Google has called on interested technology startups to apply to the (...)
This October, Expo 2020 Dubai will address environmental concerns and their potential solutions, as part of the Expo Live Impact Series, which will take place during Climate & Biodiversity Week – the event's first themed week.
Climate & Biodiversity (...)
A year has passed since the signing of the Abrahamic Agreement between the UAE, Bahrain, and Israel. On 15 September 2020, the UAE signed an agreement to establish diplomatic relations with Israel, at the White House, under the auspices and presence (...)
The 2Africa consortium announced, on Tuesday, the addition of a new segment – the 2Africa PEARLS branch – to its subsea cable network, extending to the Arabian Gulf, India, and Pakistan. This extension will bring the total length of the 2Africa (...)
Radix Development, a subsidiary of the Saudi Mwafaq Holding Group, plans to pump a total of EGP 5bn in new real estate projects in Egypt by the end of 2025, of which EGP 1.25bn will be injected by the end of 2022.
Akram Al-Sheikh, Executive Vice (...)
Egypt's President Abdel-Fattah El-Sisi and Bahrain's King Hamad bin Isa Al-Khalifa discussed in Sharm El-Sheikh on Thursday the latest developments regarding the Grand Ethiopian Renaissance Dam (GERD) following a UN Security Council presidential (...)
The Bright Star 2021 joint military exercise, hosted by Egypt, kicked off at the Mohamed Naguib military base in the Northern Military Zone on 2 September. Twenty-one countries are taking part in the two-week drills which conclude on 17 September. (...)
Green recovery, securing development finance, and mobilising international efforts to achieve the UN Sustainable Development Goals (SDGs) while recovering from the repercussions of the Covid-19 pandemic were the main topics at the two-day (...)
U.S. Defense Secretary Lloyd Austin said Thursday the al-Qaeda extremist group that used Afghanistan as a staging base to attack United States 20 years ago may attempt to regenerate there following an American withdrawal that has left the Taliban in (...)
The U.S. Navy's Mideast-based 5th Fleet said Wednesday it will launch a new task force that incorporates airborne, sailing and underwater drones after years of maritime attacks linked to ongoing tensions with Iran.
Navy officials declined to (...)
The Bright Star 2021 joint military exercise, hosted by Egypt, kicked off at the Mohamed Naguib military base in the Northern Military Zone on 2 September. Twenty-one countries are taking part in the two-week drills which conclude on 17 September. (...)
The Middle East map is changing, not because of shifting borders, but because of profound transformations that are reordering political interests and priorities.
Perhaps the most important of these transformations has been the US withdrawal from (...)
Top US national security officials will see how the failed war in Afghanistan may be reshaping America's relationships in the Middle East as they meet with key allies in the Persian Gulf and Europe this week.
Secretary of State Antony Blinken and (...)
Afghanistan's Taliban rulers resumed some domestic passenger flights to and from Kabul on Sunday, as the religious militia's fighters stepped up an assault on the last remaining pocket of resistance being led by fighters opposed to their rule.
The (...)
Israel's president met with the Jordanian king this past week, in a new sign of improved relations between the two countries, the president's office said Saturday.
At the king's invitation, new President Isaac Herzog met King Abdullah II at his (...)
With the new, chaotic developments in Afghanistan and a new administration gaining parliamentary endorsement in Iran, the Gulf took quick measures to achieve reconciliation. Only days before a regional summit in Baghdad, the UAE's National Security (...)
Believing in Egypt's potential and opportunities in the banking sector, the Arab Banking Corporation (Bank ABC Group) acquired BLOM Bank Egypt, opening the door to increasing its market share in the local market. It also allows the entity to offer (...)
Bahrain expressed regret for the outcome of the bilateral relations between the Morocco and Algeria, which led to the severing of diplomatic ties between the two countries, Bahrain News Agency reported.
The Foreign Ministry affirmed Bahrain's (...)
