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Now many would say that ArabCrunch is similar to TechCrunch and does what TC does globally in the Arab world. But to be honest the idea put forward by Gaith was something badly needed and the founder has taken it a step ahead with the ArabCrunch.NET. It is a social networking platform for entrepreneurs, technology enthusiasts and investors in the Arab world to come together and collaborate. The platform has launched in private beta today and will help tech enthusiasts in the Arab word to come together to share, promote both services and ideas and get investors. Oh that brings me to another good news; the platform today received an undisclosed amount of investment from a former Yahoo exec, Bassel Ojjeh. Cheers to Gaith and the ArabCrunch for this.