twofour54 to close up to ten deals this year


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Mon, 2010-07-12 20:18 - By  

Arabian Business reports that twofour54 ibtikar, the capital provider for Arab entrepreneurs and Arabic-language media content producers, is to close up to ten new deals this year, according to Tony Orsten, CEO of twofour54. The deals will include all areas; gaming, internet and production. One of the deals will involve a tie-up with a multinational gaming firm, to distribute Arabic-language games across the region.

In June, Ibtikar announced the launch of a seed fund, AppsArabia, to drive the development of Arabic-language mobile applications for devices such as the iPhone and iPad and BlackBerry.

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