Search Site

Trends banner

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Global economic crisis takes fizz out of MENA startups

  • 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,