startups

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

GCC states have succeeded in making economies more integrated: Saudi Arabia’s Al-Jubeir at WEF meeting

Al-Jubeir noted the increase in new startups that Saudi youth have founded, and their contributions to the job market

Abu Dhabi’s ADQ, Oman Investment Authority launch $180 million technology-focused fund

Jasoor Fund propels digital transformation and technological advancement across the region

Saudi Arabia’s startups raise $198 million in March 2024

SaaS providers dominate region's investment landscape

Oman’s fund to invest $4.7 billion in large-scale projects over next 5 years

Supporting economic diversification in line with Oman Vision 2040

$200 million World Bank project creates, maintains over 400,000 jobs in Egypt

Promoting entrepreneurship with focus on women-led businesses

ATM 2024: Sustainability, startups and innovation in aviation sector on the agenda

ATM 2024 will take place from May 6 to 9 at the Dubai World Trade Center

Investopia 2024 strengthens UAE-South Korea economic partnership across sectors

Two new MoUs signed by four UAE and South Korean institutions

LEAP 2024: Takamol Holdings launches $53 million investment fund to empower tech startups

The initiative seeks to advance tech sectors in the Middle East and Africa

Dubai Future District Fund spotlights economic growth, innovation and sustainability at annual general meeting

Showcasing collaborative efforts to drive economic growth and foster tech startups in Dubai

Qatar to invest $10.85 billion in French start-ups

The deal covers various sectors such as energy, artificial intelligence, health, and hospitality

SEF 2024: Invest in Sharjah, SAEED highlight Sharjah’s investment opportunities

Two key players share a joint commitment to empower startups and entrepreneurs

Economy Middle East Tips: Mistakes startups need to avoid

Competition is not the main reason why 9 out of 10 startups fail

Expand North Star 2023 puts the limelight on AI and global startups

Power of new tech and the need for better regulation, among things discussed