Sisi boosts startups with 5-year tax exemption
Egypt’s President Abdel Fattah al-Sisi confirmed that startups be exempt from taxes for five years, stressing the…
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startup
Saudi Arabia’s Morni to invest $10 mln in Egypt to acquire mobility startups
Saudi Arabia-based mobility solutions platform Morni will invest $10 million in Egypt through a signed buy-side…
Egyptian fintech startup PayMint raises a seven-figure seed funding by AUR Fintech
Egypt-based fintech startup PayMint announced on Wednesday it had obtained a seed funding of seven figures from AUR…
Egypt’s startup Capiter raises $33 million to expand b2b e-commerce platform across MENA
Egyptian B2B e-commerce startup Capiter, which brings together manufacturers, brands, wholesalers and retailers on…
Egyptian virtual clinic app Doctor Online expects new round of funding in Q2
Egyptian virtual clinic app, Doctor Online will receive a new funding in the second quarter of the year, its…
Egyptian e-commerce startup Kemitt secures undisclosed six-figure funding from Saudi angel…
Egyptian e-commerce startup Kemitt announced on Thursday it had secured an undisclosed six-figure investment in a…
Startup funding increases 31% in Egypt during 2020
Egypt held the second-biggest share of venture capital investment in MENA last year, falling behind the UAE, which…
Amazon wants to invest in start-ups, but some are nervous about taking the money
Amazon came under fire in May when its newly released Echo Show looked almost identical to an existing…
Facebook has acquired a content rights startup called Source3 to help fight video pirates
Facebook has acquired a startup to help it crack down on users who share pirated videos and other content without…
Ex-Intel engineer to build new startup in Egypt before year-end
Intel Corporation’s ex managing director in Egypt and Levant is planning to create a new communications and…
Egyptian taxi app Ousta says ride requests climb 30% a week
Egyptian taxi-hailing startup Ousta announced receiving more than 500,000 ride requests claiming to have a 30…
Chinese investors buy ad tech startup Media.net in a $900 million deal
Advertising technology startup Media.net, founded by tech entrepreneur Divyank Turakhia, said on Monday it had been…
Intel to acquire artificial intelligence firm Nervana Systems
Intel Corp said on Tuesday it would acquire startup Nervana Systems as the world's largest chipmaker bolsters its…
Apple buys artificial-intelligence company Turi
Apple Inc has acquired an artificial-intelligence startup called Turi, according to multiple reports Friday…
Airbnb seeks funds valuing it at $30 billion
Apartment-sharing startup Airbnb is in talks for a new round of funding that would value the company at $30…
Airbnb gets $1 billion debt facility to fund expansion
Apartment-sharing startup Airbnb Inc has secured a $1 billion debt facility from some big U.S. banks to aid its new…
Electric car startups fueled by Chinese money aim to catch Tesla
A few miles from Tesla Motors Inc's Palo Alto headquarters, a Silicon Valley startup plans to challenge the…
Google Glass-based startup raises $17 million in funding
Augmedix Inc, a startup that uses Alphabet Inc's Google Glass to provide documentation services to doctors and…
Giphy GIF-Finding Tool is now on Android
Backed by a recent funding round of $55 million and commonly referred to as "the Google of GIFs," the New…
New Online Tech Store Gives Same-Day Delivery and Gadget Set-Up
Enjoy, an online concierge service for gadgets, is expanding beyond San Francisco and New York City nearly a year…
Ex-Barclays chairman takes blockchain board role
A financial technology startup has enlisted heavyweights from Barclays Plc and Moelis & Co. as it seeks to…