startups

Abu Dhabi’s Hub71 secures $1.9 billion in funding for startups

The global tech hub generated revenues surpassing $1.08 billion

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

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 

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

Mastercard: Reshaping the financial landscape through AI and innovation

Company has notably teamed-up with major names like UAE Artificial Intelligence Office and FAB

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