U.A.E The UAE raises tax threshold for startups The UAE’s Ministry of Finance has raised the minimum threshold for corporate tax from $100,000 (AED375,000) to $816,000 (AED3... News • 09 April, 2023 uae Tax law entreprenership
U.A.E Scalo Technologies moves HQ to UAE, plans to invest $100 million in Mena startups Singapore-based VC firm Scalo Technologies has moved its headquarters to Dubai, with the intention to invest $100 million in promising... News • 04 April, 2023 Scalo Technologies Venture Capital
U.A.E Secondaries and liquidity: The investor’s access and the founder’s dream Zuhair Shamma is the co-founder of UAE-based Zest, an equity management platform Have you ever wondered why we were able to... Thought Leadership • 03 April, 2023 Zest secondary market
U.A.E Making a case for Abu Dhabi Ryaan Sharif is the general manager at Flat6Labs UAE “The backbone of the world economy.” Read any article about startups... Thought Leadership • 23 March, 2023 Flat6Labs abu dhabi
U.A.E Abu Dhabi’s G42 acquires stake in TikTok owner ByteDance Abu Dhabi investment firm Group 42 (G42) has acquired a $100 million stake in Chinese internet company ByteDance, owner of the social... News • 22 March, 2023 G42 TikTok ByteDance
U.A.E Credable closes $2.5 million Seed round led by Acasia Ventures UAE-based fintech Credable has closed a $2.5 million Seed round led by Ventures Platform and Egypt-based VC firm Acasia Ventures... News • 21 March, 2023 Credable Acasia Ventures Fintech
U.A.E UAE’s fintech Qlub raises $25 million UAE-based fintech Qlub has raised $25 million in a fresh round of funding, bringing the company's total Seed capital to $42... News • 16 March, 2023 Qlub
U.A.E almentor raises $10 million pre-series C round led by e& capital UAE-based edtech almentor, has raised $10 million in a pre-Series C round led by e& capital, alongside existing investors Partech,... News • 16 March, 2023 almentor EdTech e& capital
U.A.E COFE raises $15 million Series B round led by Wa'ed Ventures UAE-based online coffee marketplace Cofe has raised $15 million in a Series B funding round led by Wa'ed Ventures, with... News • 14 March, 2023 COFE Wa'ed Vnetures Coffee
U.A.E Fashion app Bazaara raises $230,000, eying expansion in KSA UAE-based fashion e-commerce startup Bazaara, has raised $230,000 in a pre-Seed round, led by Flat6Labs UAE, with participation from... News • 14 March, 2023 Bazaara Fashion E-commerce
U.A.E UAE’s Sav raises $750,000 pre-Seed round UAE-based fintech startup Sav has raised a $750,000 pre-Seed round led by angel investors. Founded in late 2021, Sav is designed to... News • 13 March, 2023 Sav
Saudi Arabia Saudi healthtech Labayh acquires Nafs app Saudi Arabia-based mental health app Labayh has acquired UAE’s counterpart, Nafas. Founded in 2018 by Basim Albeladi,... News • 13 March, 2023 Labayh Nafs healthtech
U.A.E nealthy raises $1.3 million pre-Seed round UAE-based virtual asset management platform nealthy, has raised $1.3 million in pre-Seed funding from undisclosed investors. Founded... News • 08 March, 2023 nealthy NFT Cryptocurrencies
Jordan ISSF invests $5 million in Middle East Venture Fund IV Innovative Startups and SMEs Fund (ISSF) has invested $5 million in Middle East Venture Fund IV (MEVF IV), a $150 million fund recently... News • 01 March, 2023 ISSF MEVP
U.A.E Kitopi acquires AWJ Investments UAE-based cloud kitchen operator Kitopi has acquired Dubai-founded food and beverage (F&B) group AWJ. The financial details of the... News • 01 March, 2023 Kitopi
U.A.E Careem suspends operations in Qatar UAE-based superapp Careem has suspended its operations in Qatar. The Uber-backed app launched its service in Qatar in 2013, a year... News • 28 February, 2023 careem
U.A.E Nadeera raises $200,000 through Beban TV show UAE-based cleantech Nadeera has received a $200,000 investment from Bahraini VC firm Hope Ventures during an episode of the Beban... News • 27 February, 2023 Nadeera Beban Hope Ventures
U.A.E India’s makeO acquires UAE-based Smileneo India-based healthtech makeO has acquired UAE-based healthtech Smileneo, for an unknown sum. Founded in 2019 by Jonathan Doerr,... News • 21 February, 2023 makeO Smileneo healthtech
U.A.E 8X Ventures to deploy $20 million in Mena cleantech startups UAE-based VC firm 8X Ventures plans to deploy $20 million in the Mena region's climate tech and cleantech startups. It also plans to... News • 19 February, 2023 clean tech 8x Ventures
Global KBW Ventures invests in Rebellyous Food’s $9.5 million round UAE-based KBW Ventures, founded by HRH Prince Khaled bin Alwaleed bin Talal Al Saud, has invested in a $9.5 million equity round for... News • 19 February, 2023 KBW Ventures
U.A.E Yanzo integrates its super app with ChatGPT ChatGPT has not only taken the world by storm, but political leaders too. At the recent World Government Summit held in Dubai, barely one... Triska Hamid • 16 February, 2023 yanzo ChatGPT super app
U.A.E e& acquires UAE-based ServiceMarket etisalat by e&, has fully acquired UAE-based household marketplace, ServiceMarket. Founded in 2013 by Bana Shomali and Wim... News • 15 February, 2023 e& etisalat ServiceMarket
U.A.E SANTECHTURE raises investment from Shorooq Partners and Gulf Capital UAE-based healthtech SANTECHTURE has raised investment from Gulf Capital (GC) and Shorooq Partners. The amount raised was not... News • 15 February, 2023 SANTECHTURE Shorooq Partners Gulf Capital
U.A.E Abu Dhabi launches $2 billion Hub71+ Digital Assets to accelerate Web3 startups Abu Dhabi’s Hub71, has launched Hub71+ Digital Assets, a dedicated Web3 specialist ecosystem, with more than $2 billion of capital... News • 15 February, 2023 uae HUB71+ DIGITAL ASSETS FAB