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Startup

Startup refers to new companies seeking to disrupt or innovate an industry using digital and technology.

ruya ignite partnership
DUBAI, UAE – Ruya, the pioneering digital Islamic bank, and Ignyte, the government-backed startup ecosystem, have officially forged a strategic partnership. This collaboration aims to accelerate innovation across the UAE by integrating Ruya’s Shari’ah-compliant digital banking expertise with Ignyte’s comprehensive support for entrepreneurs. The UAE continues to lead the MENA...
Iraq startup ecosystem
Start-ups in Iraq hardly get sufficient media coverage. As a result, only a few people know of their existence. Challenges like lack of basic infrastructure, payment solutions, and business registration complications make it difficult for start-ups to succeed. Even with these challenges, small businesses are evolving and maneuvering Iraq’s...
startup accelerator logo
Ranking Report for 2021 MENA Venture Investor revealed that in 2020, there was a decline in accelerator activity, with ​10%​ of all active investors being accelerators in MENA across all countries for its lowest level in five-years. This indicates a 29% ​reduction from the previous year. With 2020 bringing a...
Fintech in MENA
Despite a significant decline in funding in 2023, Middle Eastern fintech companies demonstrated remarkable resilience; Navigating challenges such as high-interest rates and geopolitical uncertainties, these fintechs are leveraging innovative technologies and pursuing expansion strategies. According to KPMG, fintech funding in Europe, the Middle East, and Africa dropped to its...
Sanar app images
The Sanar Health tech platform offers at-home health care services and multiple telemedicine to users. Its offers range from lab tests at home, clinic consultation with video chat, physiotherapy sessions, and home nursing care with healthcare professionals. Since this platform was launched in 2019, Sanar has on board over...
Remotebase
Remotebase, a firm that builds connection with US companies and high-performing engineering teams, has raised a Seed funding round to the tune of $1.4M.  The startup has its operations in Silicon Valley and Pakistan. Indus Valley Capital led the round, together with participation from many global investors such as Hustle...
It was announced that the popular port operator with a worldwide reach, DP World has launched 'Dubuy' which is a discount web-based eCommerce platform. Hoping to interface purchasers and merchants on a global scale with merchandise delivered through the production network of DP World and its coordination for the...
Snapp logo
Snapp group, the popular Iranian ride hailing and online service super app in a surprising change in tactics has for the first time published statistics about it's business and app for the year 2020. The private held company had long kept it's data close to it's chest, disclosing some...
Mubadala revolut
Mubadala, Abu Dhabi's prominent sovereign wealth fund, is reportedly in advanced discussions to significantly increase its investment in Revolut, the UK-based digital banking and payments powerhouse. The potential deal, valued at approximately US$100 million (£78 million), would see Mubadala acquire an additional stake in Revolut, which is now commanding...
Flag of jordan
The Jordanian start-up scene has both regional and international recognition. The ecosystem is mostly shaped by young entrepreneurs in the ICT sector with prominent accelerators like Changelabs and IBDA3. Jordan is one of the key players in MENA’s Information and Communication Technology(ICT) forum. Jordanian start-up ecosystem aims to bring brilliant ideas of domestic...