startups

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

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 

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

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

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

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

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

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

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

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 

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

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

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

Dubai SME: Over $3 billion in contracts awarded to entrepreneurs since inception

Hamdan Innovation Incubator supported 109 Emirati tech startups in H1 2024

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

Spanish EOS-X SPACE to launch space flights from Abu Dhabi next year

By 2029, the company seeks to achieve a turnover of $1.127 billion and a gross profit of $324 million

UAE launches inaugural AI challenge, winner to receive $150,000

Challenge invites startups to propose AI solutions for different sectors including cybersecurity and GenAI in banking and finance

UAE-based startups lead MENA region in funding in June, securing $82.5 million across 15 deals

MENA startups raised $116 million in June 2024, bringing H1 total to $882 million

Dubai Future Foundation, Meta launch incubator program powered by LLAMA 3

Business incubator program seeks to inspire development of impactful AI use cases that leverage Meta’s open-source AI stack

Mohammed Al Naimi, CEO of ACT Group, optimistic about evolving business landscape in Saudi Arabia

Increasing competition, new technologies will help raise quality of products and services offered in the market

ATM 2024 returns next week in Dubai, with over 41,000 attendees expected

The event will feature over 2,300 exhibitors from more than 165 countries and is set to welcome new destinations