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Online insurance platform PolicyBazaar raises $75m to fund UAE, Middle East expansion

PolicyBazaar allows users to purchase life and general insurance online

Amina Grimen and Ayat Toufeeq, co-founders at Poweder.ae

The SME Story: Amina Grimen and Ayat Toufeeq, co-founders of Powder.ae

Powder.ae is a direct-to-consumer, content-led e-commerce business focused on retailing clean beauty and skincare in the Middle East

Melda Akin, founder and CEO of D14.AI

The SME Story: Melda Akin, founder and CEO of D14.AI 

D14.AI is a Dubai-based tech company providing an AI-driven software platform for healthcare clinics, gyms and logistics companies to optimise their workforce and manage their business operations

The Arabian Luxury Group

The Arabian Luxury Group joins list of certified business incubators in Dubai

The incubator aims to invest in Emirati projects in the fields of fashion, jewellery, perfumes and other luxury goods made by Emiratis and citizens of other Arab countries

Anghami

MENA music streaming platform Anghami merges with Vistas Media, to list on Nasdaq New York

The agreement will result in Anghami becoming the first Arab technology company to list on Nasdaq New York

Ben Kinerman-Daltrey KinFitz & Co

The SME Story: Ben Kinerman-Daltrey, co-founder of KinFitz & Co

KinFitz & Co is a sales recruitment, training and coaching business, working specifically with startups and SMEs

Gregor image1[6] copy

Be ready for rejection if you’re an aspiring entrepreneur – Hotel Data Cloud’s Gregor Amon

The UAE-based entrepreneur reveals his tips to set up a successful startup

Brand trademark

Five reasons why every company must have their trademark registered in the UAE 

A registered trademark effectively safeguards the brand from counterfeit and helps business owners gain the trust of consumers

Sharjah’s Sheraa sets up new startup studio to support entrepreneurs

The studio, which will work on a revenue sharing model, will support founders in the early stages of setting up their businesses

The SME loan journey: How can it be made easier?

Banks and financial institutions must opt for online credit process with automated elements – offered by companies such as Comarch – to ensure they meet the current market needs

The SME Story: Daniel Domingues and Tariq Said, co-founders, Sirius Energy

Sirius Energy is batting for the implementation of sustainable clean energy initiatives in the UAE

Bahrain

Bahrain boosts access to funding for SMEs, startups

Changes in law allows small enterprises to fundraise via convertible notes and employee shares schemes

SME Revival: The 20 beneficiaries revealed

Motivate Media Group, along with an expert panel, has selected 20 SMEs as the beneficiaries of the $1m initiative

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