DAFZA launches Scality, a one-of-a-kind innovative tech start-up program
The Dubai Airport Freezone Authority (DAFZA) officially launched a one-of-a-kind innovative start-up program called Scality, which is set to attract…
UAE-based fintech NOW Money secures $7m to expand digital banking solution in GCC
NOW Money provides unbanked workers with access to the digital economy for the first time. NOW Money, the GCC’s first…
Mubadala, Abu Dhabi Catalyst Partners invest $150 million in social media platform Telegram
ABU DHABI, 23rd March, 2021 (WAM) — Mubadala Investment Company, the Abu Dhabi-based sovereign investor, has invested US$75 million in…
Ras Al Khaimah launches gaming business packages with 3-year UAE residency visas
Packages start from Dhs7,725, and business owners are being offered the same renewal rate for the lifetime of their business…
Indian startup Zaara Biotech gets $10 mn investment from UAE’s TCN International
Zaara Biotech has received the funding for its project AlgaeSeaweed Technology Biotechnology startup Zaara Biotech has bagged an investment of…
Online insurance platform PolicyBazaar raises $75m to fund UAE, Middle East expansion
PolicyBazaar allows users to purchase life and general insurance online Online insurance marketplace PolicyBazaar has raised $75m to fund its…
Dtec, OQAL sign MoU to develop startup ecosystem in GCC
Dubai Technology Entrepreneur Campus (Dtec), has entered into a memorandum of understanding (MoU) with Saudi Arabia-based OQAL Angel Investors, with…
UAE agritech start-up raises $50 mln in bonds to grow tomatoes in the desert
DUBAI (Reuters) – UAE agriculture technology start-up Pure Harvest Smart Farms has raised $50 million via sukuk, or Islamic bonds,…
UAE to enhance competitiveness in attracting global tech firms
Dubai Silicon Oasis Authority (DSOA), the regulatory body of Dubai Silicon Oasis (DSO), the integrated free zone technology park, recently…
UAE based start-up Sprout raised $200,000 funding
UAE start-up Sprout FZCO received funding from Bahrain-based FA holding firm for $200,000 to be used for retail expansion of…