Wamda

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...

uae Tax law entreprenership

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...

uae HUB71+ DIGITAL ASSETS FAB

U.A.E

Twofour54 launches The Community Hub co-creating space in Abu Dhabi

UAE-based media, entertainment, and gaming zone twofour54, has launched ‘The Community Hub’ located at Yas Creative Hub, a...

uae startup Community Hub

U.A.E

Hub71 startups have raised $408 million since 2019

Startups based in Abu Dhabi's tech ecosystem Hub71, have raised Dh1.5 billion ($408 million) in funding since 2019. The aggregate...

uae Hub71 Start-up

U.A.E

Chimera Capital’s closes $50 million second fund

Abu Dhabi-based Chimera Capital, a subsidiary of private investment firm Chimera Investment, has announced the close of its second fund...

uae Chimera venture capital fund

U.A.E

Hala raises $5 million in Series A

Abu Dhabi-based insurtech, Hala, has raised a $5 million funding round led by Entrée Capital, with participation from Mubadala...

uae Insurtech

U.A.E

Alma Health receives investment from Oryx Fund

Abu Dhabi-based healthtech startup Alma Health has secured investment led by Hambro Perks’ Oryx Fund, alongside strategic angel...

uae healthtech Alma Health

U.A.E

Microsoft launches ‘GrowthX Accelerator’ for B2B startups in UAE

Microsoft has launched an accelerator programme for B2B startups in cooperation with Abu Dhabi Investment Office (ADIO). The...

uae microsoft GrowthX Accelerator

U.A.E

Crescent Enterprises to double investments in startups to $272 million by 2022

UAE-based Crescent Enterprises announced doubling its venture capital investments in startups to $272 million (Dh 1 billion) by...

uae Venture Capital

U.A.E

Aldar launches second incubator programme

Abu Dhabi-based property developer Aldar launches second edition of its Manassah programme, a six-month entrepreneurship incubator...

Manassah Aldar uae

U.A.E

KLAIM raises $1 million in its Seed round

UAE-based fintech platform, KLAIM has raised $1 million in Seed investment from TechStars and a group of strategic regional investors,...

fin-tech SAAS uae

Qatar

Joi Gifts looks to Series A round after raising $750,000 this year

UAE-based e-commerce gifting platform, Joi Gifts has expanded to Qatar, its eighth country after raising $750,000 in a pre-Series A funding...

joi gifts qatar doha

U.A.E

Why are there so few Emirati entrepreneurs?

Earlier this year Wamda published a report on the state of pre-seed startups in the Middle East and North Africa. What emerged from our...

emiratis uae

U.A.E

Group 42 acquires Bayanat

Source: Emirates News Agency Group 42, an Abu Dhabi-based artificial intelligence and cloud computing company, announced today that it...

uae Data Acquistion

Regional

Gitex: A show dominated by Saudi Arabia and the women of the UAE

Some 100,000 people attend Gitex every year in what is the region’s biggest technology exhibition. Bringing together government,...

Women Saudi Arabia uae

Oman

Omani Society for Education Technology acquires Nadrus.com

Omani Society for Education Technology (OSET) has officially acquired Dubai-based online Arabic courses marketplace Nadrus.com for an...

Acquistion online courses

U.A.E

Melltoo raises pre-Series A from China’s Gobi Partners

Dubai-based online marketplace Melltoo has announced an undisclosed pre-series A funding round co-led by China-based venture capital...

E-commerce Funding ksa

U.A.E

UAE's Masdar, UK government invest $86 million in green technology fund

Source: Zawya Abu Dhabi Future Energy Company (Masdar) together with the UK government have invested £70 million ($86.48 million)...

Technology fund uae

U.A.E

Dubai halts Uber X and Careem's Go ride options

Source: The National Ride-hailing giant Uber and its UAE-based partner Careem have halted their cheapest ride options in Dubai,...

uae RTA careem

Regional

Washmen raises $6.2 million Series B

Source: Menabytes Washmen, a Dubai-based dry cleaning and laundry service has raised $6.2 million in its Series B round, the startup...

startup series B Washmen

U.A.E

Dubai-based Oliv expands to Singapore

Source: MenaBytes Oliv, a Dubai-based youth career platform has expanded to Singapore, the startup announced last month. The...

Expansion news uae

U.A.E

Dubai South to invest $545m in new e-commerce zone

Source: The National State-developer Dubai South said on Monday it aimed to spend Dh2 billion ($545 million) to build an e-commerce free...

E-commerce uae Free Trade

U.A.E

Melltoo closes bridge round

Dubai-based secondhand e-commerce platform Melltoo has closed a pre-series A round that it will use to expand its operational capacity...

uae ecommerce secondhand

U.A.E

Yawmi closes seed round

Dubai-based food and beverage (F&B) e-commerce startup Yawmi, has closed a seed round from Shorooq Investments. The amount of...

Delivery uae food

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