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Dubai

Dubai launches new business incubator to support British SMEs

The incubator has been launched in cooperation with the British Centres for Business in Dubai

Osama Al Fares UOWD

Is now a good time to be an entrepreneur in the UAE?

Innovation and entrepreneurship play a key role in responding to the significant challenges posed by the Covid-19 crisis, says UOWD associate professor

Dubai skyline

Intelak Hub set up to support travel, tourism startups in Dubai

Intelak Hub merges Intelak Incubator, Idea Lab with the Futurism Accelerator programme

Abu dhabi uae capital flag

Here’s how UAE SMEs can benefit from this $1m advertising support scheme

Motivate Media Group has launched a $1m initiative to support homegrown UAE SMEs with free advertising and marketing

Half of SMBs in the UAE, 35% in Saudi reduced their workforce due to virus: study

Small businesses turn to digital channels to survive the pandemic

Khalid Al Marzooqi Khalifa Industrial Zone Abu Dhabi

Khalifa Industrial Zone Abu Dhabi announces stimulus package for SMEs

Approximately 98 per cent of companies in Abu Dhabi are SMEs, contributing 29 per cent of the emirate’s GDP and 44 per cent of its non-oil economy

ethiopia

Abu Dhabi’s Khalifa Fund signs $100m agreement with Ethiopia

The loan is expected to finance about 37,000 projects over the next four years and create over 200,000 jobs in the African country

Dubai-based Sprii.com raises $8.5m in latest funding round

The e-commerce platform plans to use the funds to accelerate expansion across the Middle East

Abu Dhabi aims to lure start-ups with investment in new technology hub

Dhs1bn ($272m) has been allocated to support technology start-ups in the emirate

Saudi’s Misk Innovation launches accelerator programme with 500 Startups

The partnership will aim to boost entrepreneurship in the kingdom

Dubai real estate start-up Smart Crowd closes $600,000 seed funding round

The company is a participant in Dubai International Financial Centre’s innovation licence scheme

Abu Dhabi agri start-up Pure Harvest to sell first tomatoes

The company plans to farm vine crops year-round in the UAE using advanced greenhouses

Dubai social network VVIP raises $2.5m

VVIP describes itself as “the world’s most exclusive social network”

UAE’s ServiceMarket raises $4m

The company has raised $8m to date

UAE fintech start-up Monami Tech closes $1m seed funding round

The firm said the funding would form part of a larger Series A round

Dubai social media start-up Crowd Analyzer raises $1.1m

The company said it would use the funds to expand its operations in Saudi Arabia and MENA

Dubai-based online marketplace The Luxury Closet gets $8.7m funding

The financing was led by venture capital firm Middle East Venture Partners

Bahrain launches $1bn energy fund, venture capital fund of funds

Bahrain recently made its largest oil discovery in decades

UAE insurance start-up Aqeed goes live after $18m funding round

Aqeed plans to use the series A funds to penetrate the UAE and Saudi markets

Abu Dhabi’s Fikra Labs announces winners of first start-up programme

The four-week programme pairs government entities with start-ups

Saudi YouTube start-up Telfaz11 raises $9m

The company said it would use the funds to grow its creative and advertising offerings

Etisalat

A new way of starting up in the UAE

Launched in February, Etisalat’s Hello Business Hub aims to remove obstacles involved in launching a business in the UAE

Dubai’s AstroLabs opens second co-working space for start-ups

The expansion more than double’s AstroLab’s co-working footprint

Abu Dhabi Financial Group invests in Silicon Valley VC 500 Startups

500 said ADFG would be “injecting substantial capital” to support expansion into new markets

UAE telco du launches start-up challenge for Emirati students

The UAE has seen a flurry of start-up competitions and accelerators established in recent months

Dubai rental start-up RentSher closes $600,000 seed funding round

RentSher allow customers to choose items to rent online and have them delivered to their door and collected later