UAE ranks first in Arab world in IMD World Digital Competitiveness Ranking
UAE's ranking factors in the "World Digital Competitiveness Ranking 2020", the first in the Arab world and nineth in the world.
News
Latest developments in startups, business, and technology across India, MENA, North America, Europe, and global markets. Stay informed with breaking news, in-depth reporting, and expert analysis on entrepreneurship, innovation, and emerging trends.
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
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).
Dubai’s global search engine Meekd.com secures seed funding
Dubai-based meekd.com, a global search engine, on Tuesday 29 September 2020, secured seed funding from Xmovies, and an angel investor.
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 Financepeer raises $3 Mn from MS Fincap, UAE’s Danube and more
Mumbai, India-based Financepeer on Tuesday, 29 September 2020, raised $3 million from Jaipur's MS Fincap, UAE's Danube, and more.