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Dubai-based online shopping portal Souq.com has raised $75 million in new funding

Dubai-based online shopping portal Souq.com has raised $75 million in new funding from South African media giant Naspers. Souq.com, referred to as the Amazon of the Middle East, has over 6.2 million registered users and a current valuation of over $500 million. Founded in 2005, Souq.com has raised $150 million in funding to date and will use the […]

Geeks on a Plane

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Organized by 500 Startups, Geeks on a Plane (#GOAP) is an invite-only tour for startups, investors, and executives to learn about burgeoning technology markets worldwide. We travel by planes, trains, and automobiles to the most exciting international startup scenes with the sole mission of uniting geeks and exploring cross-border opportunities. The result: a lifelong bond […]

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The VentureOut Challenge—a campaign by infoDev and CRDF Global to help mobile apps go international—announced today the 24 competitors with the most potential and preparation to enter new international markets. The 24 semifinalists will receive hands-on business mentorship from one of eight local tech community partners that will serve as international landing pads for each […]

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It’s about time that the Middle East had its own entrepreneurship-related TV show. Now, thanks to UAE telecom company du, a small business focused reality TV show, titled “The Entrepreneur,” will launch this summer, pitting 10 entrepreneurs against each other in pursuit of AED 1 million (US$ 272K). A leader at du let us in on […]

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