Dubai and Abu Dhabi among the best cities in the world for entrepreneurs, according to SumUp research
StartUp
Abu Dhabi
ECA announces cohort for Anjal Z Techstars founder catalyst programme
The programme is tailored for startups focused on early childhood development, centering on families and children aged 0-8
startup
UAE company Smart Zone enables registration of over 1,200 startups H1 2024
The company said it will invest over AED 500,000 in 2024 to upgrade services
Emirati Women's Day
FasterCapital celebrates Emirati Women’s Day with new funding round for female entrepreneurs in UAE
Applications for this funding opportunity will be open from August 28 till September 30
Abdul Wahab Office
The business of simplicity
At just 31, Abdulwahab Al Maimani has taken Oman and the world by storm. We sit down with the founder of Abdul Wahab Office for a masterclass in time management and business expansion,
investigating his rapid rise and uncovering the true meaning of success
career management
Kerala startup Lifology partners with British Nobel laureate Sir Richard Roberts
Roberts will be associated with the startup for charting out the framework for the venture’s future curriculum that aims to provide scientific and comprehensive career guidance to all
Authority of Social Contribution – Ma’an
Abu Dhabi’s Ma’an announces latest social incubator cohort
Applications for this cohort are open till September 10, 2024
Entrepreneurs
Sharjah Publishing City Free Zone, Alaan launch platform to explore emerging market opportunities
The gathering reinforced the free zone’s commitment to supporting business development in Sharjah
fintech
Pakistan’s leading fintech PostEx raises $7.3m funding in bid for GCC expansion
The latest funding was led by Conjunction Capital, the technology focused, global venture capital firm
automobile industry
Sustainable mobility startup E Daddy secures $15mn funding to boost UAE EV production
The investment will help the company to lead the charge in electrifying the UAE and beyond, the company said
diamond
DMCC: Dubai free zone accounts for 15% of FDI, 7% of GDP and targets real estate and AI growth
DMCC has seen significant growth to underline its importance to the Dubai economy
billion-dollar businesses
In pictures: Top 10 Unicorns by valuation in 2024
Unicorns are typically concentrated in technology sectors, such as software, ecommerce, and fintech, where innovation can lead to significant market share and scalability
new businesses
Where to find Unicorns: Cities with the most number of privately held companies valued at $1bn revealed
San Francisco-based unicorn companies make up just 14.10 percent of the global total, yet they collectively contribute an impressive $781.31 billion to the world’s entire unicorn valuation
Financial Market
MENA region poised for $50bn market boom despite US recession fears, market volatility
Over 60 Rhinos and classified ventures are expected to hit the market within the next 3 to 5 years, experts reveal
Dubai
Oraseya Capital invests over $1mn in seven technology startups
The investments, announced at the conclusion of fourth accelerator programme by SANDBOX, envisage each startup receiving $150,000
Meta
Meta, Startupbootcamp collaborate to support MENA startups with Llama Design Drive
The programme will consist of three four-week sprints conducted across the region – in the UAE, Saudi Arabia, and Egypt
Financial Services
UAE fintech startup Mamo secures $3.4mn funding
The fresh capital will be used to expand the company’s product offerings and extend its market presence