Author: Arabian Media staff
Green Vision Consultants, a Dubai-based design and environmental consulting firm, has reported a tenfold increase in revenue since its founding in 2020, crediting support from the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME) as a key driver of its rapid expansion. “Establishing our company in Dubai has been a quick and easy process, thanks to the support and guidance provided by the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME). A key incentive offered to our business was financial support, which played a crucial role in streamlining business procedures and driving…
The US data and intelligence platform said the Middle East and North Africa (MENA) startup scene saw a total of $328.3m raised across 60 startups in September 2024. The funding was secured through investments from 36 different investors, signalling growing confidence in the region’s innovative ventures and entrepreneurial talent. Saudi and UAE lead September startup funding Saudi Arabia led the way, attracting $165.34m in funding that comprises more than half of the total capital raised across 13 startups in MENA. This surge in investment reflects the Kingdom’s ongoing efforts to diversify its economy under its Vision 2030 strategy, which prioritises…
iACCEL Gulf Business Incubator (iACCEL GBI), a leading go-to-market accelerator, launched under the patronage of Dubai SME, announced its participation in Expand North Star 2024 is part of GITEX GLOBAL, the world’s largest tech event. The accelerator will bring together founders, investors, and tech leaders from around the world, providing a platform for startups to secure business deals, attract investment, and expand their networks, it said in a media release. The accelerator said it will feature seven innovative tech startups this year, including Hexitime (HR Tech), Task Tracker (B2B SAAS), Wizer.Pro (Fintech) and ESH (Healthtech). Deepak Ahuja, CEO and Co-founder of…
This handbook aims to assist entrepreneurs and startups in establishing their businesses in Dubai. The guide provides an overview of Dubai’s startup ecosystem, including legal requirements, business setup options, and funding opportunities. It lists key entities supporting startups, along with information on Dubai’s accelerators, business incubators, sandboxes, and free zones. New handbook helps startups navigate Dubai’s business landscape The release precedes Expand North Star 2024, described as “the world’s largest gathering for startups and investors,” according to a statement by the Dubai Media Office (DMO). The event, organised by Dubai World Trade Centre and hosted by the chamber, will run…
Dubai-headquartered FasterCapital announced an enhanced package of fundraising support services for early-stage startups. The funding support will be offered through its renowned Raise Capital programme, the firm said. “From October 14 to 20, startups that apply to the Raise Capital programme will receive priority access to FasterCapital’s investor network, as well as bespoke advisory services aimed at helping them secure funding and grow their businesses,” the company said. Announcement of the new funding programme is done in conjunction with the Global Entrepreneurship Week 2024. Global Entrepreneurship Week provides an international platform to highlight the critical role that access to capital…
A Dubai startup incubator has seen funding of more than AED7.8bn ($2,1bn) for its entrepreneurs since it launched, as the city’s pro-innovation framework nurtures the growth of enterprises and talent. Funding raised by start-ups within TECOM Group’s entrepreneurship incubator in5 since its inception has crossed AED7.8bn ($2,1bn) it announced on the sidelines of Expand North Star, the world’s largest event for start-ups and investors. The figure represents 163 per cent growth over total funding raised as of 2023, demonstrating the accelerated growth of in5’s start-ups this year. Dubai startup funding with in5 Majed Al Suwaidi, Senior Vice President at TECOM…
Alia bint Abdullah Al Mazrouei, Minister of State for Entrepreneurship, participated in a session titled “The UAE’s Vision for Entrepreneurship – Future Growth Opportunities for Local and Global Investors”, which took place at Expand North Star 2024. Al Mazrouei said that the UAE boasts a comprehensive entrepreneurship and SME ecosystem, characterised by pioneering initiatives, a flexible legislative framework, and competitive incentives for establishing businesses and startups. UAE entrepreneur growth Furthermore, the UAE has amended more than 60 laws to support the growth of SMEs and increase their contribution to the national GDP. Today, this ecosystem houses more than 50 government…
Dubai is an ideal environment for digital startups and is actively supporting new businesses in the sector, according to the Chamber of Digital Economy. Amid targets to triple the number of app developers in the emirate and generate AED100bn ($27.2bn) a year through digital transformation the city has become a hub for digital startups. The Chamber showcased the competitive advantages of Dubai’s business environment in fostering the growth and success of digital startups during a panel discussion at Expand North Star 2024. Dubai woos digital startups Saeed Al Gergawi, Vice President of Dubai Chamber of Digital Economy, highlighted Dubai’s…
Expand North Star 2024 in Dubai has attracted the participation of 65 unicorns with a combined valuation of $400bn. The presence of these international success stories underlines the importance of the event for leading global investors and digital companies operating in diverse sectors. Unicorn company CEOs participating in the exhibition confirmed that Dubai represents an ideal gateway for establishing innovative digital projects and launching them globally. Expand North Star 2024 in Dubai Attendees praised the emirate’s stimulating environment for innovation and creativity, as well as its integrated business ecosystem that supports the ambitions of global companies specialising in advanced technologies…
Abhi, a leading fintech company driving financial inclusion for employees and SMEs throughout the MENAP region, announced securing $15 million in credit financing. The debt financing is being led by Shorooq Partners and Amplify Growth Partnership. Abhi said the new funding will allow it to scale its operations and further expand its earned wage access (EWA) to serve the blue- and white-collar working populations in the country. To date, Abhi has provided about $55 million in EWA to workers in the UAE across 545,000 transactions. Omair Ansari, CEO and co-founder of Abhi said: “With this funding, we are poised to scale our impact,…