The Emirates Development Bank (EDB) has restated its commitment to financial inclusion in the UAE with a range of financial solutions and services that enhance the profitability of the country’s SMEs and startups. On the occasion of Arab Day for Financial Inclusion, which is celebrated on April 27 of each...

For the first time, direct investments supervised by Qatar Development Bank in SMEs has exceeded QR 100 million ($27 million). The total amount of direct and indirect investments in the bank’s portfolio has reached QR 220 million, supporting nearly 100 companies operating and providing highly skilled jobs and innovative services...

Ajman Free Zone (AFZ) announced today that it has become an AWS Activate Provider. Startups affiliated with the AFZ, which are building or about to start building on Amazon Web Services (AWS), can now apply for the AWS Activate incentive program and receive free AWS credits, technical support, training, resources,...

Dubai International Financial Centre (DIFC) has announced the launch of Studio Launchpad, saying it is the world’s first venture studio platform exclusively focused on ubiquitous finance and digital asset technologies. DIFC said the Launchpad is a key part of it’s efforts to achieve the goals of its 2030 strategy by...

The UAE has announced a prize of up to $2 million for startups that can offer technology innovations to transform traditional agricultural practices efficiently and sustainably. The FoodTech Challenge is organized by the UAE Ministry of Climate Change and Environment and Tamkeen, an Abu Dhabi entity that partners with leading...

Hub71, Abu Dhabi’s global tech ecosystem, said on Wednesday that its startup community secured AED 30 million ($8.1m) in 2021 through more than 20 corporate deals. Since its inception in 2019, the affiliated startups have bagged AED1.5 billion of investments and create about 1,000 jobs, while the aggregate valuation of...

New corporate laws and business-friendly policies give start-ups an upper hand in the UAE as they are predominantly created and led by millennials and Gen Z individuals.

Saudi startups have secured 58 percent of the total $375 million in funding in the MENA region in February.

Masdar City and Mashreq Bank have signed a Memorandum of Understanding (MoU) to provide financial services to Small and Medium-sized Enterprises (SMEs) and start-ups based in the city. This will include easy access to NeoBiz, the bank's first digital banking platform designed specifically for start-ups and SMEs. The MoU was...

The Kingdom's startup Red Sea Farms woos regional and global investors with a technology that grows crops without using freshwater in humidity-controlled greenhouses.

Diversifying, and strengthening local production structures is the most appropriate way to reduce inflation. Entrepreneurs and start-up companies may come forward to help their respective governments in finding more sustainable development solutions. The menace of inflation cannot be managed alone.

More than 400 cities are impacted by the urban heat island effect and increasing energy consumption that makes cities less comfortable, says Abu Dhabi-based FortyGuard

The World Bank and MSMEDA is eager to review and develop the needs of startups.

Digital economy has driven the startup investment upsurge in the MENA region in 2021.

The investment spans several sectors including e-commerce, financial technology, education and transportation

As the startup ecosystem takes off in the MENA region, TRENDS helps experts deliver valuable advice for entrepreneurs.

With the Covid-19 pandemic leading people to start their own businesses, a good beginning could make all the difference.

It is vital for the economic development of the Middle East by fostering innovation, entrepreneurship and creating large-scale employment opportunities in the region, says an expert.

The Fund, an initiative of the Dubai Securities and Exchange Higher Committee, will focus on supporting efforts to implement the directives of Sheikh Mohammed bin Rashid Al Maktoum to establish 1,000 tech companies in the country within five years and increase startup investments from AED1.5 billion to AED4 billion.

Hub71, Abu Dhabi’s global tech ecosystem, and the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) will identify and collaborate with startups to advance the tourism and culture sectors, collaborate on high-impact events and provide mentorship to founders and entrepreneurs. Saeed Al Fazari, Executive Director at DCT...

More than 150 new companies joined in5 since 2020, bringing the grand total of start-ups supported by the incubator to 500. Of these, a quarter are led and managed by female entrepreneurs nearly twice as high as the regional average of women-owned SMEs, according to the World Bank

As part of economic transformation, some Gulf countries seek to achieve targets in digital transformation via long-term plans such as Saudi Vision 2030 and UAE Vision 2030.

Eligible for exemption are those wishing to issue a new trade register from the financial equivalent for three years and reduction for subsequent years.

  The program is expected to enable early-stage founders from around the world to develop successful and scalable startups from Abu Dhabi FinTech, Direct-to-Consumer, HealthTech, and EdTech startups will reportedly gain preference Abu Dhabi’s global tech ecosystem Hub71 and New York-based venture-capital and venture-builder firm Modus Capital have launched a...

Academy likely to help 1,000 startups and SMEs grow their businesses using TikTok  Participants will have access to a business campus workshop designed to support entrepreneurs Dubai Chamber TikTok Academy will be launching a five-week educational program, in which businesses can learn about content creation, digital marketing besides best practices...

By Hugo Angelmar Breaking the conversation in three parts helps people translate their strengths and interests in the tech world. Specifically, it’s important to look at the target customer, the variety of marketing roles and the stage of financing of the company. Let’s start with the target customer, of which...