Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business, Video

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Global economic crisis takes fizz out of MENA startups

By TRENDS Desk
November 28, 2022 7:02 am
  • The startups in the region have raised more than $2.5 billion this year and made more than 500 deals, according to estimates
  • The UAE raised $460 million in 24 deals in October, a huge boost compared to the country’s $27 million raised in September

Dubai, UAE— Startups in the MENA region have been raising a sizeable amount of funding during the course of the ongoing year, but the fear of global economy going into a recession weighs heavily across the region as many startups rue the decline in investments.

The startups in the region have raised more than $2.5 billion this year and made more than 500 deals, according to a few estimates.

The UAE raised $460 million in 24 deals in October, a huge boost compared to the country’s $27 million raised in September. Egyptian and Saudi companies also performed well during the last month,

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]