Mena region to see more SPAC deals SPAC is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company.
Swvl first $1.5b unicorn from ME to list on Nasdaq Swvl’s gross revenues and markets have grown rapidly, with more than 1.4 million riders booking more than 46 million rides to date with thousands of drivers on Swvl’s platform.
Hub71 to endorse global tech entrepreneurs for Golden Visas in Abu Dhabi The 5-year Golden Visa enables entrepreneurs locally and worldwide to set up businesses in Abu Dhabi, facilitating long-term market access for world-leading tech talent.
Legal awareness helps create value, prosperity for startups Majority of disputes are caused by expectation mismatch between the parties.
Dubai Next offers strong platform to entrepreneurs The platform — which has already hosted 543 campaigns — is giving start-ups and ideas initiated by both Emirati and international talent, the chance to launch their venture in Dubai.
VC does it for startups in the UAE Venture capitalists continue to maintain confidence in ecosystem as investments, deals break records in H1.
Billionaire Draper invests in Dubai-based Arrow Labs $5m in Series A Other prominent investments to date by Draper include Baidu, Hotmail, Skype, Tesla, SpaceX, and Twitter.
Two UAE startups qualify for second cohort of ‘Google for Startups Accelerator: Mena’ Bankiom and Invygo win three-month digital accelerator programme for Seed to Series A technology startups based in the region.
MaxAB closes $40m Series A to fuel expansion RMBV leads round with participation from leading global venture capital and impact investors.
