The Innovative Startups and SMEs Fund (ISSF), Jordan's largest investment fund, has recently announced a significant increase in its investment in Oasis Ventures II (OVII). Specifically, ISSF has raised its commitment from $3 million to $5 million. This substantial move underscores ISSF's strong belief in Oasis500's impressive track record and its potential to further accelerate the success of startups within its portfolio. ISSF's Increased Investment: A Vote of Confidence In detail, Mohammed Al Muhtaseb, CEO of ISSF, expressed his enthusiasm about the expanded investment. He stated, "Oasis500’s role in the ...

June 2024 marked a pivotal moment for MENA startups with $116 million in investments, a 182% year-on-year increase. Despite a month-on-month drop, UAE, Egypt, and Saudi Arabia continue to lead the regional startup scene. Explore the dynamic changes shaping the future of MENA entrepreneurship ...

The Egyptian EdTech landscape is abuzz with excitement! El-Kheta, a leading online education platform, has secured a substantial investment of $400,000 from EdVentures, the investment arm of the renowned Nahdet Misr Group. This significant funding marks a pivotal moment for El-Kheta's ambitious mission to transform online education in Egypt. Empowering Personalized Learning Experiences Founded in 2019, El-Kheta stands out by offering a flexible and personalized approach to learning. Unlike traditional platforms, El-Kheta goes beyond one-size-fits-all education. Students have the freedom to tailor their curriculum selection, crafting personalized study plans that ...

The MENA region is experiencing a significant boom in its startup ecosystem, attracting growing investor interest. Here's a breakdown of some key trends and investment opportunities: Investment Trends: Surge in Venture Capital: Venture capital deployment in the MENA region has steadily increased, reaching over $2.58 billion in 2020 (source: STV) compared to $1.09 billion in 2017. This trend is expected to continue, with predictions of even higher investment levels in the coming years. Focus on Early-Stage Startups: While late-stage investments were more common in the past, VCs are now focusing ...

The United Arab Emirates (UAE) has emerged as a global investment champion. According to the latest UNCTAD World Investment Report, the UAE rocketed to second place worldwide in attracting new foreign direct investment (FDI) projects in 2023. This surge is fueled by the UAE's commitment to economic diversification, fostering a business-friendly environment, and boasting a strategic global location. For investors seeking a dynamic and prosperous market, the UAE beckons with exciting opportunities ...