Archive for November, 2009

Abraaj Capital Acquires Riyada Ventures To Lead New SME Push

Tuesday, November 24th, 2009

Abraaj Capital, the Dubai-based private equity firm has announced that it has signed a deal to fully acquire Riyada Ventures, the venture capital firm based in Jordan. The acquisition is at the core of a new push by Abraaj into the small and medium enterprise (SME) space, which is aimed at stimulating and supporting entrepreneurial [...]

Egyptian Mrrha Acquired By UAE Company Creative Solutions

Wednesday, November 18th, 2009

Mrrha, an Arab online service  that was launched from Egypt around a simple idea to allow users to upload a file and mirror it directly on up to five popular uploading sites of choice, has been acquired by Emirati company Creative Solutions. Mrrha was launched in November 2008 by brothers Mahmoud and Ahmed El-Masoudy from Egypt, aiming to [...]

UAE Based NeuString Receives Investment From Intel Capital

Wednesday, November 18th, 2009

Intel Capital, Intel Corporation’s global investment arm, earlier announced an investment in NeuString, a leading UAE-based telecommunications analyst software company, further reaffirming Intel Capital’s commitment to investing in the region. The funding from Intel Capital is to assist NeuString in pursuing regional growth and development plans in addition to extending the company’s product offerings. NeuString [...]

Yahoo! Maktoob Acquisition Deal Completed

Thursday, November 12th, 2009

The Yahoo! – Maktoob acquisition deal that was announced last August, has officially closed today at noon (UAE time). It had already been announced upon signing the definitive agreement back in August that the deal was expected to be sealed in the fourth quarter of the year. So starting noon today, Maktoob.com and all its [...]

4SITE Forum (Sustainability, Innovation, Technology & Entrepreneurship) – Beirut – November 17-18th 2009

Thursday, November 12th, 2009

4SITE Forum (Investing in Sustainability, Innovation, Technology & Entrepeneurship) is an event being held in Beirut, Lebanon, bringing together over 200 investors, innovators, and entrepreneurs in Lebanon and the Middle East region. The goal of the event is to promote innovation and entrepreneurship towards sustainable economic development and social impact. The event is organized by RootSpace [...]

Bayarat, An Arabic Online Media Content Search Engine

Wednesday, November 11th, 2009

Bayarat is a new media search engine that was recently launched in its alpha version catering to the Arab world and aiming to make it easier to search for and find Arabic media content online. Bayarat is currently only indexing video content from around the web and across online video sharing portals, with plans to [...]

AdMob To Be Acquired By Google For $750 Million In Stock

Tuesday, November 10th, 2009

Just a few hours earlier, it was announced that a definitive agreement was signed for mobile advertising network AdMob to be acquired by Google for $750 Million in stock. AdMob was founded in January 2006 by Lebanese entrepreneur Omar Hamoui, as a mobile advertising marketplace, offering solutions for discovery, branding and monetization on the mobile [...]

Berytech Launches 2009 Incubation Awards Of Up To $100K

Sunday, November 1st, 2009

Berytech, the Lebanon based tech startup incubator, has launched a set of new incubation awards of up to $100,000 US Dollars  for the most innovative technology projects. A committee of experts will be selecting the projects based on the following merits: technological and scientific quality, creativity, economic sustainability and growth potential, job creation potential, target market and export [...]

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