UAE startup ecosystem is thriving as new companies attracted by investment environment and flexible legislation
startup business
Latest in startup business
business funding
Why the MENA startup ecosystem is still hot
Founders need to be selective when partnering with VCs
Angel Investors
Scaling the entrepreneurial ecosystem in the GCC
The GCC has a proliferation of startup companies, and entrepreneurship is encouraged and supported in every country
Abu Dhabi
Abu Dhabi Hub71 tech start-ups raised $1.2bn in VC funding last year
Abu Dhabi’s Hub71 community expanded by 102% last year
Abu Dhabi Investment Authority
Indian eyewear startup Lenskart raises $500 mn from ADIA
The venture will use the funds to scale its international presence in Asia and the Middle East, besides expanding its retail network in India
Entrepreneurs
5 things to consider for MENA founders before attending YCombinator
YC can be great for a startup founder, but it’s not without its pitfalls
Abu Dhabi Investment Authority
ADIA nears $500mn deal to acquire stake in Indian eyewear startup Lenskart
The deal, which would value the Indian eyewear startup Lenskart at more than $4 billion, may be announced as early as this week
fundraising
Middle East startup funding is overheating: It’s time to slow down
The region’s tech and startup ecosystem today is more sober, compared to the feverish market environment as recent as the start of 2022 when the world was coming out of the pandemic
Employees
Startup jobs remain top draw as techies shrug off lay off blues
Startup jobs are in demand because they provide opportunities to handle wider roles – thereby increased prospects for on-job learning – and faster career development by way of quicker promotion avenues, Eldridge said
agritech
5 trends that will shape MENA startup ecosystem in 2023
While 2022 was a great year for the region’s startup sector, entrepreneurs need to be aware of the key challenges facing small businesses in 2023
100% foreign ownership
Dubai startups: Golden Visa, metaverse shift, business reform, venture capital point to optimism in 2023
The trends of 2022 paint positivity for 2023
Abu Dhabi
Hub71 companies in Abu Dhabi surpass $1bn in total venture capital raised
The deals are getting bigger and bigger as evidenced by $25 million raised by Axiom and $16.2 million by 44.01 this year
business plan
UAE startups: 20 questions every founder needs to answer
Entrepreneurs need to answer these questions to stand any chance of success
accommodation
Dwelling in the past, living in the future
The Dubai-based proptech startup has caught the attention of investors and generated the largest-ever seed round in the Middle East when it raised $7.75 million
Entrepreneurs
Sharjah top destination for Indian startups, unicorns, says diplomat
Participants at a Sharjah-India Business Roundtable placed special focus on areas in which Indian companies could engage with Sharjah to grow their presence in the MENA region
Dubai Silicon Oasis
Dubai, Riyadh are global rivals to Silicon Valley: Here’s why
The Middle East region is an incubator for talent, with startups having access to a vibrant ecosystem with an abundance of enthusiasm
Blazma
Saudi healthtech startup Blazma scripts aggressive MENA entry plans to tap rising digital healthcare market
The startup, which operates a platform connecting medical testing laboratories, healthcare chains and patients, also plans to launch a fundraising plan in two months to finance its growth plans