INSEAD Day 4 - 728x90

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

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: