iGan Partners, Canada’s leading healthcare technology investors, has joined forces with Faisal Belhoul, a Dubai-based investments professional and entrepreneur, to launch a US$250million iGan Arabia regional fund to drive MedTech innovation across the Middle East and North Africa (MENA) region. iGan Arabia will focus on investing in AI/Cloud-enhanced medical devices and digital health technologies that
The Kigali International Financial Centre (KIFC) announced yesterday the launch of the first and only Fintech-focused Africa Fund. Backed by MyGrowthFund Venture Partners, the $50m fund will focus on fintech companies with proven technology, operating in Africa. Private equity investments in Africa have doubled during the last decade with fintech receiving close to 60% of the
MUFG Research released today suggests that GDP growth in the Gulf Cooperation Council countries will see a surge of 6.1% in 2022, on the back of higher oil prices, increased oil production, and robust momentum in non-oil activity. This will be the fastest pace of cyclical expansion since 2011 and is higher than other Emerging
AlUla—The awe-inspiring mirrored event venue Maraya in AlUla will host American musician/singer/songwriter/and multi-Grammy-award winner Alicia Keys for her special “ONE NIGHT ONLY” performances in support of her new release KEYS on February 11th, in an intimate concert presented by Good Intentions. This is the first time Keys will perform at AlUla in the majestic epicenter of art,
Leading global EdTech, Cuemath – a one-on-one personalised math learning platform backed by Google – announces its expansion into Saudi Arabia. The move into one of the Middle East’s largest markets follows Cuemath’s rapid growth in the UAE – where the Company’s subscriber base has grown 600% since its June 2021 launch, and it now
The hospitality sector in Saudi Arabia saw an uplift in performance on the back of entertainment events hosted in Q4 2021, according JLL’s year-end report. In the fourth quarter, Riyadh Season – an entertainment festival – kicked-off in the capital which stimulated greater tourism activity. This was reflected in the city’s hotel occupancy rate, which
The DP World Tour and Ladies European Tour today announced Volvo Car Sweden AB as the new title partner of the Scandinavian Mixed Hosted by Henrik and Annika, with the tournament staged at Halmstad Golf Club for the first time from June 9-12, 2022. Volvo Cars is one of the most well-known and respected car
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