Dubai and Cairo, 16 March 2023. almentor, the leading online video learning platform in Arabic, has raised $10mn in growth capital in a pre-series C round led by e& capital, the tech investment arm of e&. The proceeds will be used to accelerate almentor’s growth towards its goal of serving ten million learners in the …
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Modanisa, Turkey’s e-export champion, with its exports to 130 countries, has added Re-Pie Asset Management to its investors to expand its global service network and strengthen its global leadership. Modanisa Co-Founder and CEO Sami Güzel said, “We have accomplished incredible things in the last 10 years. We have more geographies to reach and a lot …
Dubai, UAE – 29 March 2022: Altibbi, the Middle East’s largest AI-based digital health platform, announces a $44 million Series B fund raise The round was led by Foundation Holdings, with participation by leading strategic and financial investors including Hikma Ventures, Global Ventures and Dash Ventures. Altibbi is the largest AI-based digital health …
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Paris | Dubai (June 21th, 2021) – Awad Capital Ltd. the Middle East partner of Drake Star Partners, acted as financial adviser to The Luxury Closet, in collaboration with Drake Star Partners, on its Series D raise. The Luxury Closet is the leading online platform in the Middle East for buying and selling pre-owned luxury goods. The …
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The Luxury Closet receives investment from Huda Beauty Investment (HBI), championing resale Economy and Sustainability in the Luxury resale Marketplace Industry HBI invests in the Middle East’s resale market leader The Luxury Closet, becoming one of the principal shareholders. Founders of Huda Beauty add capabilities into brand development and their social media leverage. Partnership to …
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21 March 2019, Dubai, UAE – Awad Capital, the independent, Dubai-based, DFSA regulated financial services firm, has announced the successful closure of its recent capital raising, totaling $2.1 million. The capital will be used to fuel the growth of the company. Ziad Awad, founder and CEO of Awad Capital, commented: “We are pleased to announce …
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The GCC has grown to become an epicenter of global trade. From the UAE’s globally recognized logistics hubs to Saudi Arabia’s groundbreaking developments in the renewable energy field, the GCC states have produced some of the world’s foremost hubs across multiple industries. Here’s a look at the top five sectors in which GCC states are …
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In the last three years, 25% of all venture capital (VC) investments globally were made by corporates. This investment activity is known as corporate VC (CVC), and in my opinion, may be one of the smartest investment avenues today. It is no secret that technology today is one of the most exciting asset classes. Founders …
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Dubai, UAE: Awad Capital, the Dubai Financial Services Authority (DFSA) regulated firm specialising in M&A, corporate finance and capital markets advisory, has announced the creation of a new Employee Share Ownership Program (ESOP) that allows senior employees and members of the board and advisory board to become shareholders in the firm. Founding shareholder Ziad Awad, …
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The impact of lower oil prices on GCC budgets is much debated, but a fact that is ignored is the massive borrowing capacity most of these governments have. In addition to large sovereign wealth fund (SWF) reserves, most GCC governments enjoy very strong credit profiles and have under-utilized the capital markets. In this article, the …
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