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Economy
Abu Dhabi’s Hub71, Google partner to accelerate startup growth in the UAE
Google will select 25 high-potential startups from Hub71’s ecosystem for a three-month program
Banking & Finance
Abu Dhabi’s Hub71 secures $1.9 billion in funding for startups
The global tech hub generated revenues surpassing $1.08 billion
Economy
Abu Dhabi Business Week attracts over 10,000 participants on first day
ADBW will deliver more insightful sessions during its remaining days, allowing participants to drive sustainable development and partnerships
Economy
Saudi economy grows 64 percent to $1.09 trillion in nominal GDP from 2016 to 2023, says Finance Minister
Al-Jadaan projected a 4.6 percent growth rate for non-oil GDP in Saudi Arabia in 2025
Economy
Dubai International Chamber attracts 157 multinational companies, SMEs from Q1 to Q3 of 2024
The Chamber successfully supported 75 local companies expanding into global markets
Banking & Finance
Mastercard: Reshaping the financial landscape through AI and innovation
Company has notably teamed-up with major names like UAE Artificial Intelligence Office and FAB
Banking & Finance
Dubai’s TECOM nine-month net profit rises 23 percent YoY driven by record revenues of $462.84 million
Driven by robust demand from both existing and new clients
Banking & Finance
stc Group’s tali ventures leads $10 million investment in Series B funding for NorthLadder
This funding round was spearheaded by tali ventures, with additional contributions from the Dutch Founders Fund and Crescent Ventures
Banking & Finance
CBUAE reports banks extend $22.1 billion in financial support to SMEs by mid-2024
SME loans made up 9.5 percent of 232.9 billion in financial facilities for commercial and industrial sectors as of June
Banking & Finance
UAE emerges as region’s top startup hub with over 5,600 registrations in Q2 2024
UAE leads the region in the fintech startup sector, with over 550 companies currently operating in this field
Banking & Finance
Central Bank of UAE enhances cross-border open finance interoperability through ‘Project Aperta’
The initial focus of Project Aperta will be on trade finance for SMEs
Interviews
DET x Amazon Accelerator to help unlock SMEs’ growth potential: Ronaldo Mouchawar
Digital upskilling, tailored expertise and a global platform will help SMEs faster climb the ladder to success
Banking & Finance
Expand North Star 2024 draws 65 unicorns valued at $400 billion
CEOs of unicorns noted that Dubai is an ideal gateway for launching global digital initiatives
Banking & Finance
TECOM’s in5 start-up funding reaches $2.1 billion, fueled by Dubai’s supportive innovation frameworks
In5 Science provides a platform for over 35 innovative science start-ups
Banking & Finance
Gitex Global 2024: Khalifa Fund launches AI platform to enhance operational efficiency, transform public services
The platform aims to improve government solutions for better service delivery and adaptability
Economy
Dubai Department of Economy and Tourism to present innovative initiatives at GITEX Global, Expand North Star
At the event, DBLC will launch solutions to enhance the investor experience and improve business operations in Dubai
Economy
Expand North Star 2024: Dubai Chamber of Digital Economy highlights competitive advantages of emirate’s digital business ecosystem
The chamber will showcase the top facilities and infrastructure in the emirate for supporting digital startups
Banking & Finance
EDB and ADIB partner to boost SME financing in the UAE
EDB will provide guarantees of up to 50 percent for the financing offered to SMEs by ADIB
Banking & Finance
Abu Dhabi SME Champions Program awards $24.1 million in procurement deals within first six months of 2023 launch
During its pilot phase, the program awarded 54 contracts to 49 SMEs, averaging AED1.8 million each
Banking & Finance
Abu Dhabi’s Hub71 welcomes 21 startups with $134.9 million in funding
Seven startups will join Hub71+ ClimateTech, gaining tailored resources for their sustainability missions
Economy
DIEZ net profit rises 18 percent in H1 2024, further supporting Dubai’s non-oil economy
The total number of DIEZ-registered companies saw a 4 percent rise during the first half of 2024
Banking & Finance
Emirati Women’s Day: Celebrating the driving forces behind Abu Dhabi’s SME growth
How Emirati female entrepreneurs help shape Abu Dhabi’s diversified economy
Banking & Finance
Dubai SME: Over $3 billion in contracts awarded to entrepreneurs since inception
Hamdan Innovation Incubator supported 109 Emirati tech startups in H1 2024
Economy
Dubai’s digital economy chamber supports 215 digital startups worth $7 billion in H1 2024
During H1, the chamber trained 243 Emiratis as part of the 'Create Apps in Dubai' initiative
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