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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.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

MENA startups raise $103 million in Jan

  • In the first half of 2022, startups in the Middle East raised around $1.8 billion, according to a MAGNiTT report.
  • The fintech sector remained the most capital attracting sector last year, raising nearly $1.7 billion.

Dubai, UAE—During the first half of 2022 alone, startups in the Middle East raised around $1.8 billion, according to a MAGNiTT report. The fintech sector remained the most capital attracting sector, raising nearly $1.7 billion and accounting for 34 percent of the total funding secured across all markets. TRENDS takes a look at the startup sector in some major economies of the Middle East and North Africa region: