Amethis completes a minority investment in Tarjama, the leading language technology & services firm in the MENA region – Yahoo Finance

Is the fossil fuel recovery real, or a stepping stone to a fossil-free future? Register now for our 11/17 webinar at 2PM ET
AMMAN, Jordan, Nov. 16, 2021 /PRNewswire/ — Amethis, through its newly launched fund, Amethis MENA Fund II (AMF2), has completed its second transaction, acquiring a minority stake in Tarjama.
Founded in 2008 by Jordanian entrepreneur Nour Al Hassan, Tarjama is the leading language technology & services provider in the MENA region, meeting the language and localization needs of a wide roster of corporates across the region's largest markets. The company has developed proprietary language technology products including a best-in-class Arabic-focused machine translation engine as well as Cleverso, its high-performing translation management system. With a growing presence in the MENA region, Tarjama which is woman-led enjoys gender parity and is a dynamic employer of youth across the region.
Amethis' investment in Tarjama will support the company in realizing its AI technology roadmap and in executing an ambitious organic and inorganic growth strategy across the region's main markets.
Nour Al Hassan, Tarjama Founder & CEO, stated: "This investment by Amethis creates an exceptional opportunity for us to build up our technological capabilities and securely position Tarjama as the leader in language AI across the region. We're eager for this next phase of growth where we'll significantly develop our current product portfolio, create new customer-focused products, and expand our presence to global markets."
Toufic Khoueiry who led the transaction for Amethis commented: "Our investment in Tarjama exemplifies our strategy of backing exceptional and growth-focused entrepreneurs operating successfully in fast-growing sectors. We are excited to support Nour Al Hassan and the Tarjama team as the company embarks on its next chapter."
Laurent Demey, Amethis Founding Partner, added: "By investing in Tarjama, Amethis is proud to be backing not only a market leader in the attractive MENA localization market but also a high-growth woman-led SME that has already achieved gender parity. "
Dechert LLP acted as legal advisor to Nour Al Hassan & Tarjama while Hourani & Partners acted as legal advisor to Amethis. PwC and Slator were also retained by Amethis for financial, tax, and commercial due diligence.
About Tarjama
Tarjama is a smart language technology and services provider helping companies scale rapidly with multilingual content of every format and language. Founded in 2008 by Nour Al Hassan, Tarjama has quickly grown to dominate the localization market in the MENA region through its proprietary line-up of innovative language solutions custom-built for the Arabic language.
With a mission to help companies realize their potential for global growth, Tarjama is committed to delivering language solutions that meet international standards of quality, speed, and cost-efficiency. It offers an end-to-end range of AI-powered language services including translation, localization, interpretation, content creation, transcription, subtitling, and strategic advisory. To find out more about Tarjama, visit www.tarjama.com.
About Amethis
Founded by Luc Rigouzzo and Laurent Demey in partnership with the Edmond de Rothschild Group, Amethis is an investment fund manager focused on the African continent and the MENA region, with assets under management exceeding USD 1 billion and close to 30 investments completed to date.
Amethis brings growth capital to promising mid-cap champions in a diversity of sectors offering growth support through its international network spanning Europe and Africa. With five offices in Paris, Abidjan, Casablanca, Nairobi, and Luxembourg, the Amethis team comprises 40 experienced professionals with strong regional and sectoral expertise.
Through Amethis MENA Fund II, which has completed its first closing at USD 101 million in July 2020, Amethis will target majority and minority investments in fast-growing SMEs in Morocco, Egypt, Tunisia, and Jordan. www.amethis.com
About Edmond de Rothschild
As a conviction-driven investment house founded upon the belief that wealth should be used to build the world of tomorrow, Edmond de Rothschild specializes in Private Banking and Asset Management and serves an international clientele of families, entrepreneurs, and institutional investors. The group is also active in corporate finance, private equity, real estate, and fund services. With a resolutely family-run nature, Edmond de Rothschild has the independence necessary to propose bold strategies and long-term investments, rooted in the real economy. Created in 1953, the Group now has CHF 173 billion (€ 160 billion) in assets under management, 2,600 employees, and 32 locations worldwide. www.edmond-de-rothschild.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/amethis-completes-a-minority-investment-in-tarjama-the-leading-language-technology–services-firm-in-the-mena-region-301424713.html
SOURCE Tarjama
An analyst slashes his price target on the EV battery stock the same day the company hits a milestone.
The company delivered quarterly results ahead of expectations, but investors are focusing on a couple of potential problems.
Shares of African e-commerce company Jumia Technologies (NYSE: JMIA) were having a bad day on Tuesday after the company released financial results for the third quarter of 2021. For Q3, Jumia reported revenue of $42.7 million, which was up 8.5% year over year. For starters, gross merchandise volume (GMV), the amount of money flowing through Jumia's platform, was up both from last year and last quarter.
In cruise news today, shares of Royal Caribbean (NYSE: RCL), Carnival (NYSE: CCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) are all down, falling 2.1%, 3.8%, and 7.6%, respectively, as of 11:30 a.m. EST. It said that although it's not quite profitable yet, with 40% of its capacity operating again by the end of the quarter and 57.4% occupancy rates, it's on track to reach a "crucial inflection point" in the first quarter 2022 with operating cash flow turning positive.
Yahoo Finance's Ines Ferre joins the Live show to review investors' interest driving the latest EV sector surge.
Cinedigm (NASDAQ: CIDM) reported second-quarter results on Tuesday morning. The content producer and media-streaming services operator traded 26.9% lower by 2:35 p.m. EST, essentially erasing the gains of the last three months. Cinedigm's second-quarter sales rose 41% year over year to $10.1 million.
In this bull market, any earnings report that doesn't deliver a significant earnings beat accompanied by a guidance raise is being viewed negatively by investors. On Monday, investors bid up shares of Riot Blockchain (NASDAQ: RIOT) in anticipation of an optimistic scenario. Accordingly, on Tuesday, Riot Blockchain stock dropped by as much as 16.5% in morning trading.
Following a lengthy struggle to avoid delisting by the Nasdaq Stock Market because its shares trade under $1, swimwear and lingerie company Naked Brand Group (Nasdaq: NAKD) saw its shares skyrocket 43% in after-hours trading on Nov. 8. The catalyst was an announced merger with privately held electric vehicle (EV) company Cenntro Automotive Group. At this point it's unclear if Naked will effectively cease to exist or will continue making lingerie, but it will cease operating under its own name, taking Cenntro public in the process, almost as if it were a special purpose acquisition company (SPAC).
We had some serious economic news this month, when October’s inflation rate came in at 6.2% annualized. It was the sixth consecutive month +5% year-over-year inflation gains – and the highest inflation rate seen in the US since 1990. Billionaire Ray Dalio, founder of Bridgewater Associates, reminds investors that the worst asset to hold in this environment is cash. "Some people make the mistake of thinking that they are getting richer because they are seeing their assets go up in price without s
Sellers needed only a modest nudge to put this stock into a tailspin, but the sell-off is likely nearer its end than its beginning.
Yahoo Finance Live's Brian Sozzi and Julie Hyman examine trends in the EV space, including Rivian's upward momentum, Lucid's production goals, and Elon Musk continuing to offload his Tesla shares during a stock dip for the company.
Shares of Compass Minerals International (NYSE: CMP) tumbled more than 21% by 10:30 p.m. EST on Tuesday. Weighing on the minerals company was its third-quarter report. Compass Minerals had to taper its salt production during the third quarter to manage inventory levels and volumes lost to Hurricane Ida. That decision weighed on its salt segment earnings.
The stock of the data management company that is pivoting to cryptocurrency mining was down 13.5% as of 11:46 a.m. EST today. On Nov. 15, Sphere 3D released its earnings results for the three months ending in September of this year. While Sphere 3D's legacy business is data management solutions, the company is pivoting hard into cryptocurrency mining.
With just seven weeks left in 2021, Wall Street’s big names are firming up their year-end forecasts. Mike Wilson, chief U.S. equity strategist at Morgan Stanley, has set a 4,400 target for the S&P 500 by the end of 2022. That implies a fall of 6% from current levels. In his forecast, Wilson points out the factors that are likely to weigh on the markets, including “uncertainty around that expectation goes up materially given cost pressures, supply issues, along with tax and policy uncertainty tha
Shares of newly public company On Holding (NYSE: ONON) were up nearly 21% today as of 11:40 a.m. EST. The Swiss running shoe company released an exceptional third-quarter 2021 earnings report, the first since the initial public offering in September. Revenue increased 68% year over year to 218 million Swiss francs ($234 million).
Nvidia GPUs power self-driving cars and cloud gaming, with the chip giant also expanding fast into the metaverse. Is Nvidia stock a buy?
In this article, we discuss the 10 recent additions to the stock portfolio of Jim Cramer. If you want to skip our detailed analysis of these stocks, go directly to the Jim Cramer Stock Portfolio: 5 Recent Additions. Jim Cramer, the host of Mad Money on CNBC and a former hedge fund manager, has built […]
Strategists at Morgan Stanley say investors should resist buying U.S. stocks as part of their 2022 preview, in which they argue that the "hotter, faster" cycle advances.
Shares of MercadoLibre (NASDAQ: MELI) fell coming out of the gate on Tuesday, tumbling as much as 7.2%. The Latin American e-commerce and fintech powerhouse announced a secondary stock offering that left investors nervous. After the market close on Monday, MercadoLibre announced a sizable equity offering.
Yahoo Finance’s Julie Hyman and Brian Sozzi discuss earnings for Walmart and Home Depot, as well as the outlook for those retailers as the holiday season approaches.

source