Finance | Page 10

Small business owners in the UAE sound off on their experience working with the country's financial institutions.

From 12th September onward, anyone will be able to join the MoneyToken platform and get a loan under a 0% interest rate.

The Luxury Closet is a Dubai-based luxury e-commerce portal that specially focuses on the pre-owned segment.

The investment comes from major regional and global VC firms including Shorooq Investments, Middle East Venture Partners (MEVP), 500 Startups, Dubai-based Women's Angel Investor Network, Hala Ventures from Saudi, and Saned Partners from Lebanon.

The event aims to provide a comprehensive look at the latest developments in MENA's fintech industry through deep-dives into select sectors and technologies.

The startup aims to utilize the funding proceeds to further build on their accomplishments, and is looking at making focused investments in the areas of product research, operations management, and talent.

The deal is expected to lead to an increase in the number of the fleet of Tawseel's delivery vehicles enabling them to provide faster services to customers, and expand to new markets to cover the UAE, KSA, other Gulf nations, and globally.

Aqeed was built to accelerate the digital transformation of the conventional insurance sector in the region, and align it with global trends.

Existing investors Tenmou, Pinnacle, and 500 Startups also took part in this round, and with this, the total funds raised by Eat are now at US$3.4 million.

Starting your own business often means getting into debt.

The investment came from KSA-based Saudi Technology Ventures (STV), a $500 million VC fund anchored by Saudi Telecom, as lead investors, with the participation of UAE-based early-stage funding platform, VentureSouq.

This is the second investment round for Syarah, founded in 2015 by Saudi Arabian entrepreneurs Salah Sharef and Fayez Alanazi, with the company closing a seed round of $600,000 from BECO Capital and Raed Ventures in 2016.

The MENA region is a fertile ground for startup innovation, but entrepreneurs must be smart about how they pursue initial rounds of funding.

To help you assess the different forms of business finance in the UAE, we list a few options for entrepreneurs looking to take their startup or SME to the next level.

Pawame has its operations in Kenya, and is an off-grid home solar company that aims "to electrify the 150 million households in sub-Saharan Africa."

The latest transaction saw Abraaj Capital's Riyada Enterprise Development fully exit The Entertainment, while Benton continues as one of the key shareholders and executive management.

By making sure that whatever deal they do on a global scale, it touches the ecosystem in the region.

Here are the hacks you need to pay attention to maximize the chances of a successful ICO launch.

The upcoming AIM (Alternative Investment Management) Summit in Abu Dhabi can offer you an opportunity to understand and discuss the developments in the world of alternate investments and asset classes.

MAGNiTT founder and CEO Philip Bahoshy on the company's recent fundraising round, led by 500Startups, with investors Middle East Venture Partners (MEVP), KISP Ventures, Financial Horizon Group, and iNet.

What offerers and investors need to understand about Initial Coin Offerings (ICOs) to avoid getting burned.

What offerers and investors need to understand about Initial Coin Offerings (ICOs) to avoid getting burned.

What offerers and investors need to understand about Initial Coin Offerings (ICOs) to avoid getting burned.

What offerers and investors need to understand about Initial Coin Offerings (ICOs) to avoid getting burned.

THE LIST brings curated luxury products from global boutiques to the Middle East- thus enabling customers to shop straight from the streets of Paris, London, Milan, New York, Moscow or Tokyo.

Initial coin offerings (ICOs) are exploding in popularity, but both offerers and investors need to understand the regulatory landscape to avoid getting burned, write Latham & Watkins' Brian Meenagh, Lee Irvine, and Eyad Latif.