Dubai economy to contract by 11%, impact of COVID-19 on tourism
S&P Global Ratings on Saturday, 4 October 2020, stated that Dubai's economy could contract by 11 percent in, impact of COVID-19 on tourism
Editorial Staff
The Editorial Staff at LAFFAZ encompasses fandoms of startup culture, crazy researchers, data analysts and writers who decrypt strenuous information into graspable news, produce noteworthy features and compelling stories.
Ma’an launches its first digital funding platform to expedite sustainable solutions
Ma’an, a Ghadan21 accelerator programme initiative, on Tuesday, 29 September 2020, launched its first digital funding platform.
UAE’s healthtech startup Mango Sciences secures investment from Spartech Ventures
UAE-based healthtech startup company Mango Sciences on 30 September 2020 raised an undisclosed amount of funding from UAE's Spartech Ventures.
Yalla Group becomes UAE’s first tech-Unicorn to be listed on NYSE
Yalla Group on Wednesday, 30 September 2020 has become UAE's first tech-unicorn to be listed on New York Stock Exchange (NYSE).
500 Startups welcomes new board members for 500 MENA team
500 Startups, the most active global early-stage venture capital firm on Wednesday onboarded new board members for 500 MENA
European Union launches a new programme to support digital economy and innovation in Jordan
Through the Innovate Jordan programme, the EU is investing EUR20 million to unlock entrepreneurship and innovation in Jordan.
Bahrain grants UK’s fintech Fasset authorisation to test its blockchain-based solution to address $15 Tn sustainable infrastructure funding gap
UK's fintech Fasset receives authorisation to test its solutions for the tokenisation of hard assets in Bahrain's FinTech Regulatory Sandbox.
E-trio, Hyderabad’s EV startup raises $3 Mn Series A
Hyderabad's electric vehicle manufacturer E-Trio on Tuesday, 29 September 2020, raised $3 million Series A from Singapore's various HNIs.
Miswag, Iraq’s e-commerce startup raises second seed funding
Iraq's e-commerce platform Miswag on Tuesday, 29 September 2020, raised seed funds from Euphrates Iraq Fund, and Shwan Ibrahim Taha.
India’s hospitality giant OYO adds INR 1,054 Cr to its ESOP pool
India's hospitality unicorn OYO has reportedly added 2,700 shares worth INR 1,053.87 to its existing employee stock options (ESOP).
Egypt’s La Reina raises six-figure seed funding and launches a fashion subscription service ‘The Box’
Cairo, Egypt-based La Reina on Monday (28 September 2020) raised six-figure seed funding round from 500 Startups, Algebra Ventures and more.
Egypt’s Elves raises $2 Mn funding from Sawari Ventures
Egyptian virtual assistant platform Elves on Sunday (20 September 2020) raised $2 million from Sawari Ventures and some undisclosed investors