Procurified raises $1.1 million Seed funding

Dubai-based construction bid management platform Procurified has raised $ 1.1 million for its Seed Round. The Round was led by DIFC-based Aditum Investment Management, with participation from US-based Signal Peak Ventures, Al Hathboor Group, Empede Capital and strategic Angels.

Ogram raises $3 million Series A round

Ogram, the region’s first digital on-demand staffing platform has announced a $3 million Series A funding round, led by Modus Capital and Aditum Investment Management. Dtec Ventures, the investment arm of Dubai Technology Entrepreneur Campus, the largest tech hub and coworking space in the MENA region, and DAAL VC, among other strategic investors, also participated in the round to support the company with scaling ‘The New Workforce’ across the globe.

Fixed income markets: pockets of value now appearing

David Marshall, who has been associated with the regional finance sector for over two decades, believes that there will always be high demand for fixed income assets from regional clients and recent market sell offs will only add to this appeal.

Has China factor shifted Middle East investors’ portfolio strategy?

We are cautious but not overly concerned about the contagion effects of China’s property sector to the broader market. We think that, given the scale of leverage in the system, China’s long-term goal of consolidation and stability of the housing sector, we will witness temporary shocks and bouts of volatility time and again, as China shapes and reveals its policy steps.