CAIRO: Startups in the Middle East and North Africa region raised $646 million in funding across 69 deals witnessing a 331 percent year-on-year growth. The region’s startup ecosystem raised a total of $3 billion this year with over 551 deals so far, according to startup news outlet Wamda. Companies from the UAE, Egypt and Saudi Arabia were the top-performing last month, as all
Emirates International Investment Co, a fund linked to Abu Dhabi s ruling family, has sold its Moroccan asset management company AD Capital to Mohamed Chaouki, who is already manager of the firm.