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News and Events

 
March 15, 2022
What is the impact of the Russian Ukrainian war on the future of venture capital firms?

What is the impact of the Russian-Ukrainian war on the future of venture capital firms?

The Russian-Ukrainian war has significant near-term and long-term economic and political implications, and we believe could unleash a new world order for the next five to ten years. This increased instability in the supply chain, inflation, and
February 28, 2022
Amazon launches program to support startups in the MENA

Amazon launches program to support startups in the MENA

Amazon Electronic Payment Services has announced the launch of a program aimed at supporting startups looking to grow their electronic businesses in the Middle East and
February 14, 2022
Pioneer Investors' second deal in North America...

Pioneer Investors’ second deal in North America…

An incorporated VC in the Sultanate of Oman, Pioneer Investors International LLC, signed a new deal with a Canadian project management Startup (RUBECT) through it's local branch in Canada. RUBECT as a hybrid
January 22, 2022
The volume of financing deals for startups grew by 228% in 2021

The volume of financing deals for startups grew by 228% in 2021

The first edition of MAGNiTT's Emerging Markets Report revealed that venture investors are investing in emerging markets to achieve high levels of growth and reap economic benefits. The new MAGNiTT’s report covers
January 12, 2022
MENA startups raised $206 million in December 2021

MENA startups raised $206 million in December 2021

MENA startups raised $206 million in December 2021 through 44 deals, which is 27.5% lower monthly, but impressively 215% higher yearly. The vast majority of venture capital investments were concentrated in
December 22, 2021
Omani Startup AKEED Raises $2.5M Series A Round

Omani Startup AKEED Raises $2.5M Series A Round

The Akeed Delivery, the Oman’s leading food delivery app is making a big splash in Oman’s budding F&B space, raising $2.5 million in its Series A round backed by existing investors Phaze Ventures and...
December 20, 2021
Entrepreneurship in the Sultanate of Oman is achieving an excellent growth rate

Entrepreneurship in the Sultanate of Oman is achieving an excellent growth rate

The annual report of "Global Entrepreneurship Monitor 2021" issued by the Center for Entrepreneurship at the University of Nizwa and in cooperation with the Small and Medium Enterprises Development Authority, reviewed the most important and...
December 15, 2021
Important indicators in the Sultanate of Oman’s budget for 2022

Important indicators in the Sultanate of Oman’s budget for 2022

After it was exhausted by the drop in oil prices during the past years and the repercussions of the Corona pandemic, the Sultanate of Oman keeps trying to overcome its annual...
December 12, 2021
MENA startups raised $284 million in November

MENA startups raised $284 million in November

MENA startups raised $284 million across 71 deals in November 2021 which means an increase of 89% compared to the previous month and a whopping 666% increase compared to November last...