Business News in Egypt and the Middle East | CairoScene

The Cairo Angels Makes Undisclosed Investment Kenyan Fintech FlexPay

20 May 2022

Through its Cairo Angels Syndicate Fund, the Egyptian group’s investment marks its [...]

UAE Electronics Platform NorthLadder Scores $10M Convertible Note

UAE Electronics Platform NorthLadder Scores $10M Convertible Note

19 May 2022

The startup, which facilitates the frictionless trade of second-hand electronics [...]

Algeria Venture & AIF to Launch New $10M VC Fund for Local Startups

Algeria Venture & AIF to Launch New $10M VC Fund for Local Startups

18 May 2022

The news comes as more and more international VCs divert their gaze towards a [...]

Mobile Bug Solution Instabug Raises $46 Million in Series B Funding

Mobile Bug Solution Instabug Raises $46 Million in Series B Funding

17 May 2022

With their widely adopted solutions platform, Instabug has enabled mobile [...]

Pakistani Healthtech Platform MEDZnMORE Raises $11.5M Pre-Series A

Pakistani Healthtech Platform MEDZnMORE Raises $11.5M Pre-Series A

16 May 2022

The Karachi-based startup will look to expands its team and push its services to a [...]

Cairo Co-Working Trailblazer CO-55 Launces New Branch With New Goals

Cairo Co-Working Trailblazer CO-55 Launces New Branch With New Goals

15 May 2022

CO-55 launched three years ago with its eyes set on learning, growing and [...]

Egyptian Ecommerce Platform Teegara Raises Undisclosed Bridge Round

Egyptian Ecommerce Platform Teegara Raises Undisclosed Bridge Round

14 May 2022

The startup will look to expands into newe verticals, eight months after raising an [...]

Egyptian Startup Mylerz Raises $9.6M to Expand Across Africa

Egyptian Startup Mylerz Raises $9.6M to Expand Across Africa

13 May 2022

The ecommerce fulfillment startup will first look to Egypt's North African [...]

UAE Cybersecurity Firm Comae Acquired by Canada's Magnet Forensics

UAE Cybersecurity Firm Comae Acquired by Canada's Magnet Forensics

11 May 2022

Founded in 2016, Comae uses cloud-based memory analysis to recover evidence from [...]

Egyptian Fintech Pioneer PayMob Raises $50 Million Series B Round

Egyptian Fintech Pioneer PayMob Raises $50 Million Series B Round

10 May 2022

Continuing a fruitful period for Egyptian fintechs, the round was led by Kora [...]

UAE & South Korea Sign Partnership to Empower SMEs

UAE & South Korea Sign Partnership to Empower SMEs

09 May 2022

The two parties have signed an MoU that paves the way for the exchange of [...]

Oware Raises $3.3M to Defragment $3.5B Logistics Sector in Pakistan

Oware Raises $3.3M to Defragment $3.5B Logistics Sector in Pakistan

08 May 2022

The Karachi-based startup looks to simplify the supply chain and empower businesses [...]

Egypt Chosen Among Six African Nations to Host Unicorn Group Incubator

Egypt Chosen Among Six African Nations to Host Unicorn Group Incubator

07 May 2022

The Lagos-based Unicorn Group is seeking nnovative ideas, startups and early-stage [...]

Pakistani Virtual Healthcare Platform medIQ Raises $1.8M Seed Round

Pakistani Virtual Healthcare Platform medIQ Raises $1.8M Seed Round

06 May 2022

The startup will channel the funding into developing AI and Machine Learning to [...]

SMEs Won $1.8 Billion in Contracts at Expo 2020 Dubai

SMEs Won $1.8 Billion in Contracts at Expo 2020 Dubai

05 May 2022

64% of these SMEs were from the UAE, while the rest composed companies from the US, [...]

Crown Prince of Dubai Launches $100M Funding & Venture Debt Fund

Crown Prince of Dubai Launches $100M Funding & Venture Debt Fund

04 May 2022

The ‘Venture Capital Fund for Startups’ will look to empower startups that have the [...]

MENA Fintech for School Fees zenda Raises $9.4M for India Expansion

MENA Fintech for School Fees zenda Raises $9.4M for India Expansion

02 May 2022

The startup has its eyes firmly set on $70 billion in annual transactions in a [...]

Hong Kong’s SparkLabs FIntech Enters Pakistan With New $5M Fund

Hong Kong’s SparkLabs FIntech Enters Pakistan With New $5M Fund

01 May 2022

The SparkLabs Pakistan Fund I will look to invest in three startups, before [...]

Foodics Celebrates New Chapter in Remarkable Journey to Cairo

Foodics Celebrates New Chapter in Remarkable Journey to Cairo

30 Apr 2022

On the same day that the KSA startup announced its $170 million Series C, it also [...]

SWVL Announces $100 Million Acquisition of UK Startup Zeelo

SWVL Announces $100 Million Acquisition of UK Startup Zeelo

29 Apr 2022

The news comes a mere few days after the Egyptian-born transportation specialist [...]

Egyptian E-commerce Startup Kemitt Launches New B2B Platform

Egyptian E-commerce Startup Kemitt Launches New B2B Platform

29 Apr 2022

As a marketplace, Kemitt connects consumers - and now businesses - with product and [...]

UAE’s MBRIF Opens Applications for Latest Innovation Accelerator

UAE’s MBRIF Opens Applications for Latest Innovation Accelerator

28 Apr 2022

Since launching in 2018, some of the programme’s notable alumni have include Rizek, [...]

KSA’s Red Sea Farms Raises $18.5M for Global Expansion Plans

KSA’s Red Sea Farms Raises $18.5M for Global Expansion Plans

27 Apr 2022

The agritech will channel the funds into US expansion as part of plans that will [...]

She Strikes: The New Platform Empowering Egyptian Women in Business

She Strikes: The New Platform Empowering Egyptian Women in Business

27 Apr 2022

Launched by Cairo-based Creative Industries Summit, the first cycle strikes on May [...]

SWVL Continues World Expansion With Acquisition of Turkey’s Volt Lines

SWVL Continues World Expansion With Acquisition of Turkey’s Volt Lines

26 Apr 2022

The acquisition of the transportation-as-a-service operator comes as the fourth for [...]

UAE’s Millennial Brands Raises $35 Million in Growth Funding

UAE’s Millennial Brands Raises $35 Million in Growth Funding

26 Apr 2022

The startup helps independent brands develop and achieve hyper-growth, focusing on [...]

KSA-Based Retailo Acquires UAE’s DXBUY to Scale B2B Retail Platform

KSA-Based Retailo Acquires UAE’s DXBUY to Scale B2B Retail Platform

25 Apr 2022

Launched in 2020 by former Careem executives Talha Ansari, Wahaj Ahmed, and [...]

KSA's KAUST Targets Seed Stage Deeptech Firms With New Innovation Fund

KSA's KAUST Targets Seed Stage Deeptech Firms With New Innovation Fund

23 Apr 2022

The university’s fund comes as part of ongoing efforts to develop the country’s [...]

Pakistan Fintech SadaPay Preps for Launch After $10.7M Seed Extension

Pakistan Fintech SadaPay Preps for Launch After $10.7M Seed Extension

22 Apr 2022

With a reported 500,000-strong waiting list and an unbanked population of 100 [...]

KSA’s Foodics Raises $170 Million to Expand F&B POS Internationally

KSA’s Foodics Raises $170 Million to Expand F&B POS Internationally

21 Apr 2022

The second-largest ever investment in a MENA startup puts Foodics on the cusp of [...]

Pakistan’s First Financial Wellness Platform Abhi Raises $17 Million

Pakistan’s First Financial Wellness Platform Abhi Raises $17 Million

20 Apr 2022

The Series A round will enable the promising fintech to expand its team and its [...]

Egypt's ITIDA Opens Applications for 'Start It' Incubation Programme

Egypt's ITIDA Opens Applications for 'Start It' Incubation Programme

19 Apr 2022

The programme looks to equip budding entrepreneurs with more than funding, as it [...]

Pakistani Raw Materials Marketplace Zaraye Raises $2.1M Seed Round

Pakistani Raw Materials Marketplace Zaraye Raises $2.1M Seed Round

18 Apr 2022

The Karachi-based outfit looks to streamline the supply chain between suppliers and [...]

MENA Digital Sports Publisher Kooora Acquired by UK-Based Footballco

MENA Digital Sports Publisher Kooora Acquired by UK-Based Footballco

17 Apr 2022

Said to be worth $25 million, the deal will expand both parties' footprints. [...]

UAE’s Right Farm Raises $2.8M to Transform Fresh Produce Supply Chain

UAE’s Right Farm Raises $2.8M to Transform Fresh Produce Supply Chain

15 Apr 2022

A one-stop-shop for B2B fresh produce needs, the startup’s predictive technology [...]

United Nations’ ESCWA Launches E-Commerce Programme for Arab SMEs

United Nations’ ESCWA Launches E-Commerce Programme for Arab SMEs

14 Apr 2022

The programme will look to empower SMEs in the often rocky transition into online [...]

Egyptian Healthtech Rology Set for MENA Expansion After Pre-Series A

Egyptian Healthtech Rology Set for MENA Expansion After Pre-Series A

13 Apr 2022

With telemedicine services proving to be a fruitful healthech sub sector for [...]

Egyptian Fintech Powerhouse Paymob Announces Expansion into Pakistan

Egyptian Fintech Powerhouse Paymob Announces Expansion into Pakistan

13 Apr 2022

Already operating in Egypt, Kenya and Jordan, Paymob’s venture into Pakistan marks [...]

Egyptian Utilities Management Startup Pylon Raises $19M Seed Round

Egyptian Utilities Management Startup Pylon Raises $19M Seed Round

12 Apr 2022

Already working across two continents, the startup offers subscription-based Smart [...]

Egypt’s ‘Algebra Fund II’ Receives $15 Million Injection From IFC

Egypt’s ‘Algebra Fund II’ Receives $15 Million Injection From IFC

12 Apr 2022

Cairo-based Algebra Ventures’ second fund will look to back tech-enabled [...]

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A Walk Through Downtown Cairo’s Timeless Architecture

With iconic architecture, dramatic facades and delicate balconies, the buildings of Downtown Cairo are rich in history, with stories that [...]

It Took This Burger Joint '25 Rounds' of Trials to Exist

Everything at 25 Rounds is made by them from scratch including their special sauces and fresh fluffy burger buns which they bake themselves [...]

Lebanese Spice and Everything Nice With Khayzaran Beirut’s Manouches

The Lebanese eatery adds a twist to all the classic fanfare from wrap sandwiches to mana2eesh to pizzas and even salads. [...]

We Don't Need a Visa for Street Eat’s Mediterranean and Mexican Tour

Offering Greek, Italian, and Mexican street foods, Street Eat is bringing us a three way of multicultural chunky wraps, sandwiches, and [...]

Capturing Egypt's Design Boom with Photographer Nour El Refai

Nour El Refai, the award-winning architectural photographer, sits down with SceneHome to discuss his personal journey documenting the [...]

Recreate the Giza Pyramid With LEGO's New 1,500-Piece Set

Slated to come out this June, the LEGO Group is planning a trip to Egypt to launch their new 1,500-piece Pyramid of Giza kit. [...]

Egyptian Creators Crafting Transcendental 3D Art

These Egyptian artists have managed to create brand-new realms with their creations, and they left us awestruck, wondering which parts [...]

A Walk Through Downtown Cairo’s Timeless Architecture

With iconic architecture, dramatic facades and delicate balconies, the buildings of Downtown Cairo are rich in history, with stories that [...]

Egypt Rises to 53rd Place in 2021 Global Knowledge Index

UNDP's annual Global Knowledge Index summarises knowledge performance of countries in terms of higher education, research, development, [...]

Egypt Jumps 13 Places in Global Talent Competitiveness Index

In particular, Egypt had made huge gains within the index’s sublists for vocational and technical skills for its income group, where it [...]

USAID & EBRD Agree to Support Cultural Tourism in Cairo & Luxor

The project will support heritage and sustainable tourism by encouraging private investment in public heritage tourism projects, with a [...]

Heshek Beshek Fetishisation: Amie Sultan on Reclaiming Egyptian Dance

A disruptive voice on a stagnant ‘belly dance’ scene, Amie Sultan offers a raw and honest reflection on how our native dance has been [...]

A Walk Through Downtown Cairo’s Timeless Architecture

With iconic architecture, dramatic facades and delicate balconies, the buildings of Downtown Cairo are rich in history, with stories that [...]

It Took This Burger Joint '25 Rounds' of Trials to Exist

Everything at 25 Rounds is made by them from scratch including their special sauces and fresh fluffy burger buns which they bake themselves [...]

Lebanese Spice and Everything Nice With Khayzaran Beirut’s Manouches

The Lebanese eatery adds a twist to all the classic fanfare from wrap sandwiches to mana2eesh to pizzas and even salads. [...]

Calories: The Eatery Making Sure You Always Know What You're Eating

Whether you’re doing keto, low carb, detoxing or whatever else, they have something for every diet. [...]

Delve Into This Classic Yet Contemporary Home Rendered by Maads

For those seeking vintage aesthetics within spaces that still feel contemporary, Maads Designs managed to visualise this balanced fantasy. [...]

Egyptian Government Launches National Climate Change Strategy

The National Strategy for Climate Change 2050 seeks to enact a series of long-term policies to help the country tackle this global issue. [...]

Mirna Nakhla's Eterna Swimwear Serves Curves for Days

The ultimate swimsuit is one that makes you feel good about yourself. In the case of designer Mirna Nakhla, that meant vintage-inspired [...]

National Committee for the Elimination of FGM is Going Door to Door

Under the slogan ‘Protect Her from FGM’, the programme hopes to raise awareness on women's issues and to promote their basic rights. [...]

EDITOR'S PICKS

South Sinai Hospitals and Isolation Units Are Now Cleared of Coronavirus Cases

South Sinai Hospitals and Isolation Units Are Now Cleared of Coronavirus Cases

11 Aug 2020

The Ministry of Health has declared that the last two Coronavirus patients have been discharged from Nuweiba Central Hospital after undergoing treatment and completing their quarantine period. [...]

Egyptian-Italian Fabio Abraham to Play Gamal Abdel Nasser in CNN Docu-Drama

Egyptian-Italian Fabio Abraham to Play Gamal Abdel Nasser in CNN Docu-Drama

11 Aug 2020

An all-new CNN docu-drama ‘Jerusalem’, which will be centred around the history of the ancient city, will feature Egyptian-Italian actor Fabio Abraham as late Egyptian president Gamal Abdel Nasser. [...]

Egypt Orders All Airports to Relocate Hazardous Goods Following Beirut Explosion

Egypt Orders All Airports to Relocate Hazardous Goods Following Beirut Explosion

11 Aug 2020

After the devastating events of the Beirut explosion, the Ministry of Civil Aviation has ordered all Egyptian airports to move hazardous goods to safe storage spaces away from passengers and civilians. [...]

Abuse Relief Aide is the New Network of Specialists Providing Free Support to Sexual Abuse Victims

Abuse Relief Aide is the New Network of Specialists Providing Free Support to Sexual Abuse Victims

08 Aug 2020

Founder of What Women Want magazine May Abdel Asim, alongside founder of the Safe Kids foundation Sara Aziz, have recognized a gap in support for abuse victims in Egypt. Their new Facebook group, 'Abuse Relief Aide', seeks to fill that gap. [...]