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E-Health Service Aimed at Reducing Medical Costs Raises $4M Series A

By Wael Nabbout | April 8, 2014 | Section: Analysis |

Procured Health, an online platform that allows medical institutions to monitor the prices of medical devices, recently secured $4 million in series A funding. The company, which is headquartered in Chicago, was founded by Eric Meizlish, Will Danford, and Egyptian-American Hani Elias who currently serves as its chief executive officer.

Procured Health graduated from Blueprint Health’s accelerator program in the winter of 2012. In the summer of the same year they secured $1.1 million in seed funding from a number of angels and VCs. Among them was Silicon Badia.

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Yahoo! Targets YouTube Stars to Boost Own Video Service

By Wael Nabbout | April 1, 2014 | Section: Analysis |

Marissa Mayer, Yahoo’s President and CEO and ex Google VP, is planning yet another bold move taking on Google’s YouTube service head on. Yahoo! recently released Yahoo Screen, an iOS app that streams video content from several partners which include select Comedy Central programming as well as content from ABC News,GQ, Wired, Major League Baseball, UFC, among many others. And now the company is said to be working on a plan to lure YouTube’s most popular stars and networks over to their side.

The story was first reported on Friday on re/code which claims that the news comes from several sources close to the situation, but doesn’t name anyone.

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A Tale of Intrapreneurship: Smart Document Scanner Wins People's Choice Award at ArabNet

By Wael Nabbout | March 27, 2014 | Section: Analysis |

Smart Document Scanner, a multi purpose office productivity mobile app, recently won the People’s Choice Award at ArabNet’s Startup Demo competition during its latest Beirut event. The app features a formidable array of tools designed to help you digitize and manage any sort of document. It lets you scan, enhance, and convert to PDF and OCR (or Optical Character Recognition, meaning that scanned PDFs and images can be converted into editable text formats), sync, and file notes, receipts, invoices, meeting minutes, contracts, bank statements, whiteboards and so on. The app was developed by Softxpert, a software development company that was established in 2010 in Alexandria by Ahmed Abdelhalim, Project Management Professional (PMP) holder and experienced agile projects manager along with entrepreneur and product strategist Helmy El-Mangoury.

Prior to Smart Document Scanner, Softxpert focused exclusively on delivering software solutions for its clientele. But the company started exploring the intrapreneurial route when they initiated the ‘Softxpert Innovate’ program, an internal program which sought to come up with ideas for new apps and give team members the chance to be founders themselves. The idea that qualified from the first round of the program was the Smart Document Scanner, initially proposed by Ahmed Abdelhalim.

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Why Investors Are Sabotaging Entrepreneurship in the Middle East

By Nima Adelkhani | March 25, 2014 | Section: Analysis |

Everywhere you go in the Middle East you hear the buzz of entrepreneurship. You feel the pulse of the generation of doers. In each of the ten countries I visited in the Middle East, there are mandates, endowments, funds, funds of funds, grants, free loans and hundreds of other efforts to try and support the growth of the overall entrepreneurial ecosystem. While all this is great, everyone seems to be missing one very important issue: nobody is trying to fix the support mechanism. 

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Bitcoin or How to Avoid a Series of Unfortunate Events

By David El Achkar | March 19, 2014 | Section: Analysis |

Why should anyone consider Bitcoin? Why should individuals start using Bitcoin? Why should merchants accept Bitcoin? etc.

Few of us understand how TCP/IP and HTML work, how a jet engine works, or even how the credit card network works; but that doesn’t stop us from surfing the web, boarding a plane, or using our credit cards . Similarly, we don’t need to understand how Bitcoin works to appreciate its benefits and applications, and ultimately adopt it. It’s the why that matters. And here's why Bitcoin matters.

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