MENA’s Digital News, Week #19

A weekly round up of the top headlines from the digital sector in MENA, covering startups, corporate and the public sector.

Investments & Acquisitions

Melltoo, Dubai-based secondhand ecommerce platform, closes bridge round from 500 Startups, KISP Ventures, Khwarizmi Ventures and Shorooq Investments http://bit.ly/2B3dCnu

VentureSouq invests in US-based Oxygen, digital bank, focused on freelancers and the gig-economy http://bit.ly/2t0axQQ 

Sector News

Saudi’s PIF hedged most of its 4.9% stake in Tesla http://bit.ly/2Wt6Osh 

Oyo, Indian hotel management chain, signs tech deal with Saudi’s Ministry of Hajj and Umrah http://bit.ly/2Dx4n0o 

Saraha, Saudi anonymous posting app, launches “Enoff” an app for anonymous office-place harassment reporting (AR) http://bit.ly/2ML1HPH 

Swvl, Cairo’s on-demand shuttle service, expands operations to Nairobi, Kenya http://bit.ly/2HBuHe9 

Viu, Singapore-HQ OTT service with MENA presence, launches original content series in Saudi Arabia http://bit.ly/2HDLfCh

Etihad Airways the launch of an in-house AI academy in partnership with Microsoft http://bit.ly/2UsWAXb

Wired Middle East to launch with a partnership between Condé Nast International and Nervora http://bit.ly/2G2G1Ov

Further Readings

Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) to merge and together to acquire Al Hilal Bank http://bit.ly/2MEQ2SI

Independent Arabia has been launched under a licensing agreement between the UK news brand and the Saudi Research and Marketing Group (SRMG) http://bit.ly/2HHFnHZ

Kuwait Finance House (KFH) announces a Bahrain’s Ahli United Bank Merger http://bit.ly/2HwE7rb

China is looking to increase investment in the UAE via an “Annual Investment Meeting” http://bit.ly/2CUPYK4 

MSCI and Saudi’s Tadawul launch a tradeable index: MSCI Tadawul 30 Index http://bit.ly/2WzHr8b

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