The prime minister of Turkey, Recep Tayyip Erdogan, is planning to pass a law that will ban Facebook and YouTube in the country after recordings revealing his group's alleged corruption went viral on the Internet.
Middle East
Israel-based Freightos secures $4.6M in Series B round
Freightos, a worldwide freight network based in Israel, has secured $4.6 million for its Series B funding round led by Aleph and ICV, TechCrunch reported.
Turks having more difficulties going online after Twitter ban
Turks are now facing a new challenge getting access to the Internet after courts banned Twitter as alternative DNS numbers that were used to access the Internet were not anymore working, Reuters reported.
Israels Economic Progress Threatened by Tactical and Structural -- and Solvable -- Liquidity Shortages, According to New Milken Institute Report
"Without liquidity, Israel will not be able to transition from a startup to a scale-up nation or become a leader in new technologies whose global contributions also reap domestic rewards," observed Milken Institute Senior Fellow Glenn Yago.
Russia-based Yandex purchases Israeli firm KitLocate
Russian search company Yandex has bought KitLocate, an Israeli startup that provides iOS and Android developers with an SDK to make their apps be location aware, for "several million euros," TechCrunch reported.
Latest News
AppsFlyer, a mobile analytics startup based in Herzliya, Israel, obtained $7.1 million in its most recent financing round from Pitango Venture Capital and Magma Venture Partners, Globes reported.
Dubai, United Arab Emirates (UAE)-based cables manufacturer Ducab purchased Durham, UK-based cable maker AEI Cables for an undisclosed amount to expand its product offering and international market reach.
Airpush, a platform that helps monetize mobile applications, is said to be in talks to be acquired by Perion, a Tel Aviv-based firm, TechCrunch reported citing sources.
XLMedia, the digital media firm that brings traffic for online gaming sites, intends to secure $40 million in a London stock market flotation, the Financial Times reported.
Hod Hasharon, Israel-based tech startup AtriNet bought itself out of its mother company, Nokia Solutions and Network's (NSN) domestic branch, for an undisclosed amount, to launch as an independent entity and continue the network technology it had developed.
Tel Aviv, Israel-based smart calendar app Cal added a new feature called HeadsUp that simplifies meeting and appointment tasks such as taking notes, composing minutes, and assigning tasks to attendees.
San Jose, US-based networking giant Cisco invested $6 million in the Badia Impact Fund to back tech startups in Jordan as part of a $10 million venture capital investment already committed in May 2011.
Sharjah, United Arab Emirates-based natural gas firm Dana Gas inked a deal to acquire the North El Arish (Block 6) Concession Area located in Egypt as an addition to its growth portfolio.
Tel Aviv, Israel-based bring-your-own-device (BYOD) startup Nativeflow raised $7.5M in funding to date to allow workers to securely browse and share both personal and corporate data, according to an exclusive report by VentureBeat.
