Friday , 19 July 2019
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Entrepreneurship

MENA startups’ funding deals hit record high in first half of 2019

Total funding in H1 2019 rose 66 percent year-on-year and the number of deals was up 28 percent The number of funding deals for startups in the Middle East North Africa (MENA) region during the first half of this year reached the highest number on record for a first half of a year, according to startups platform Magnitt. The number …

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First four startups join Abu Dhabi’s Hub71

Abu Dhabi, United Arab Emirates: Following a recent announcement from Ghadan 21 that aims to bolster private sector growth in Abu Dhabi, Hub71 has announced today the strategic decision of four startup pioneers to set up a presence with the majority of their development and engineering capabilities at Hub71 in Abu Dhabi. The startups include UAE-based BitOasis, the largest digital …

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Oman- ITA announces programme for seven tech startups

The Information Technology Authority (ITA), represented by Sas Centre for Entrepreneurship, announced on Sunday the launch of the first cohort of Sas Accelerator powered by Google Developers Launchpad programme. As per a statement, seven promising Omani tech startups joined the accelerator programme, which is considered the first in Oman and the MENA region. The first cohort, which will run for …

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University of Dubai and Krypto Labs sign MoU

The MoU aims to encourage the growth of startups and initiatives by young entrepreneurs The University of Dubai (UD) and Krypto Labs signed a Memorandum of Understanding (MoU) to launch an innovation lab at UD campus in order to promote entrepreneurship and innovation at the university level. The MoU was signed by UD President Dr. Eesa Bastaki and Managing Director …

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Entrepreneurial growth set to accelerate in 2019

The number of entrepreneurs who have benefited from the start-up, advisory and development services of Dubai SME now stands at 34,694 With a steady stream of initiatives being launched to support the small and medium-sized enterprises (SME) sector in the UAE, experts at the SME World 2019 summit said that entrepreneurial growth will continue to accelerate in the coming years. …

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CIT Minister meets & recognizes 30 booming Egyptian tech startups

The meeting comprised an open discussion and exchanging ideas between the CIT Minister and the entrepreneurs The Minister of Communications and Information Technology, Amr Talaat, met with a handful of successful Egyptian startup entrepreneurs during “Startup Day” hosted by the ITIDA’s Technology Innovation and Entrepreneurship Center (TIEC). The meeting comprised an open discussion and exchanging ideas between the CIT Minister …

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QSTP brings back Arab Innovation Academy to enhance entrepreneurial skills

Qatar Science & Technology Park (QSTP), a part of Qatar Foundation Research and Development (QF R&D) and the European Innovation Academy (EIA) kicked off the second edition of their Arab Innovation Academy (AIA) on January 2, 2018. More than 160 aspiring “techpreneurs” from Qatar, MENA, and representatives from India and Russia come together for a single purpose: to help Arab …

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NOMAD announces partnership with Sony Professional Solutions MEA

NOMAD is the first of its kind purpose-built ecosystem for entrepreneurs and the creative community in the region Memorandum of Understanding will bring industry-leading support as NOMAD develops its creative hub in Dubai for innovative media entrepreneurs and startups Dubai, United Arab Emirates: Al Ahli Holding Group (AAHG) signed a Memorandum of Understanding (MoU) with Sony Professional Solutions MEA on …

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Dubai’s Wamda launches program aimed at those looking to quit their job to start a business

Wamda will provide cash grants in exchange for equity stakes in any new businesses formed Dubai-based Wamda Capital on Thursday announced the launch of a fellowship program targeted at “high-impact” mid-career individuals who are considering quitting their jobs and starting new businesses. “So basically very simply, you join as a fellow and you get up to $16,000 in cash as …

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Entrepreneurship in the Arab world: the opportunities, challenges, the stakeholders and the funding environment

Zawya has conducted a series of interviews with many stakeholders in the Arab entrepreneurship space to gauge their views on the opportunities and the challenges that they face. Governments across the Arab world have been spending money on consultants to set up incubators and other tools to help those with business ideas create new firms and scale them, as more …

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