Dubai International Financial Centre (DIFC) has announced its partnership with Startupbootcamp to support the development of the growing FinTech and venture capital ecosystem in the Centre as well as promote entrepreneurship in the region.
UAE-based Crescent Enterprises launches $150m startup fund
Crescent Enterprises CEO Badr Jafar said half the fund would be allocated to startup firms in the Middle East and North Africa (MENA).
Uber seals multi-billion dollar SoftBank investment
The agreement lets SoftBank and other firms invest up to $1 billion in Uber, and proceed with a tender offer in coming weeks to buy up to $9 billion in shares from existing investors.
Mubadala pledges $15 billion to SoftBank’s Vision Fund
Abu Dhabi’s Mubadala Investment has announced plans to invest $15 billion in SoftBank Group Corp’s Vision Fund and start two new venture capital funds to build its technology holdings.
Venture capital poured into enterprise software in Q1
The buttoned-down IT industry outshone flashy consumer internet startups at raising money in the first quarter, logging a big increase …