Entrepreneurs Funding options on the rise for Palestine startups Palestine is home to a wealth of entrepreneurial talent but its startups have struggled to gain access to funding. A number of initiatives are aiming to change all that by doubling the amount of startup funding available and offering mentoring opportunities. Support is also being offered to Palestinians living in the Middle East and North […] September 20, 2023
Finance Dubai laundry app seeks ‘deeper pockets’ for next step Dubai’s door-to-door laundry app Washmen plans to tap into private equity and funding from family investment groups, but has ruled out a public listing, CEO Rami Shaar has told AGBI. The company has gone through three rounds of fundraising since it was set up eight years ago, raising $11 million from seed, series A and […] August 8, 2023
Analysis Entrepreneurs Innovation hub helps launch Palestinian startups in Gulf Startups in Palestine are increasingly expanding in the Gulf as a way of overcoming hurdles such as a lack of access to funding and support systems. Central to their strategy is the Intersect Innovation Hub, a business incubator that is helping to build bridges between Palestinian startups and the Gulf region. Rateb Rabi, CEO of […] August 8, 2023
Opinion Entrepreneurs Why startups must factor in ESG for investment success Environmental, social and governance efforts will always pay off in the long run August 4, 2023
Opinion Entrepreneurs In Dubai vs Riyadh, it’s the startups that win Competition between the two major business hubs is great for entrepreneurs July 27, 2023
Entrepreneurs Egypt’s currency slump deters startup investors Egypt’s economic woes have led to a 70 percent decline in the number of startup funding deals in the first half of the year. The country’s currency devaluation and other ongoing economic challenges are deterring investors, industry experts said. Funding for startups across the Middle East and North Africa (Mena) fell 21 percent year-on-year to […] July 11, 2023
Analysis Entrepreneurs Female startup founders have ‘tough sell’ in the region More women need to be in investment decision-making positions to rebalance the gender bias within the Mena startup funding sector, industry experts say. The amount raised by female-led startups tumbled by 88 percent over the first half of this year to $5.6 million, according to the latest data from Wamda, the largest early-stage investment fund […] July 7, 2023
Food & Drink Prince’s cell-grown meat investment gets US approval Saudi Arabia’s “vegan prince” is set to get a prime cut of the profits from his investment in a startup producing meat made from cultivated animal cells. The US government this month approved the sale of Upside Foods products to American consumers. “Sometimes when you talk to an entrepreneur, you know,” Prince Khaled bin Alwaleed […] June 30, 2023
EXCLUSIVE Aviation Hamish Harding: British billionaire in the UAE Hamish Harding was one of the five people who died on the Titan submersible in the Atlantic on June 18. He founded Action Aviation, a UAE-based international aircraft brokerage company, and was chair of the Middle East chapter of The Explorers Club. Read below AGBI’s interview with him last September, when he had just been […] June 21, 2023
EXCLUSIVE Tech Lottoland founder bets on softened gambling rules in UAE The entrepreneur behind the global lottery betting platform Lottoland is confident that he will one day be able to offer the service in the UAE. David von Rosen-von Hoewel, an international investor and founder of businesses in fashion, finance and gaming, said plans for the UAE’s first casino in Ras Al Khaimah put forward by […] June 19, 2023
Banking & Finance Debt and fintech dominate Mena startup funding Fintech and debt financing were the dominant themes in Mena startup funding in May, as experts predicted continued growth for the remainder of the year. In May, $445 million was invested in 39 startups in the Middle East and North Africa, up from only $7 million and 11 deals in April. The data was compiled […] June 16, 2023
Banking & Finance Mubadala invests in $440m LatAm fund Abu Dhabi’s Mubadala is an anchor investor in a new $440 million fund run by former SoftBank executives that will buy into Latin American startups. Miami’s Bicycle Capital has launched the fund, its first, according to a press statement that says it could increase to $500 million. The Bicycle 1 fund will partner with the […] June 15, 2023
Opinion Entrepreneurs Six ways to succeed as a startup founder Essential tips for first-time entrepreneurs in the Gulf June 1, 2023
Oman unveils $5.2bn startup fund and plans for new city Oman is planning to set up an investment fund with a capital of OMR2 billion ($5.2 billion) to support economic diversification. The news was first reported by state-owned Oman News Agency, citing a decree by Sultan Haitham Bin Tariq Al Said. The Oman Future Fund will allocate a percentage of its capital to stimulate the […] June 1, 2023
Banking & Finance Gulf edges closer to its first homegrown tech unicorn The Gulf region is two years away from realising its first tech unicorn, according to Mohammad Alblooshi, head of Dubai International Financial Centre’s Fintech Hive. Becoming a unicorn – a company with a valuation over $1 billion before being listed on the stock exchange – is the dream of many tech startups. In the fintech […] March 14, 2023
Exclusive Food & Drink Say cheese! Syrian refugee to take halloumi startup to Gulf A Syrian refugee who moved to the UK and set up a halloumi cheese company is looking to the Gulf as one of her first markets for international expansion. “We are always looking for investment because we know that we’ve got high demand in the UK,” Razan Al Sous, founder of Yorkshire Dama Cheese, told […] March 3, 2023
Exclusive Manufacturing Cars, property and superjets: Pagani plots future with PIF Horacio Pagani, founder of the supercar that bears his name, is open to further partnerships with Saudi Arabia’s Public Investment Fund as his company expands into luxury real estate and private jet design. PIF acquired a 30 percent stake in the Italian business in 2021. Pagani, who acts as its CEO and chief design officer, […] January 29, 2023
EXCLUSIVE ‘Attitude is last hurdle’ for Saudi women in business Digitalisation has removed the last practical barriers to female entrepreneurship in Saudi Arabia, according to one of the kingdom’s prominent business leaders, Dina Alnahdy. The only remaining obstacle, she told AGBI, is their own or others’ attitudes. “Honestly, there are no real barriers that would prevent someone from starting up a business and flourishing in […] January 25, 2023
Exclusive Food & Drink Cashless economy is at the door, says food delivery boss A cashless economy in the UAE is no longer just an ambition, according to Tatiana Rahal, managing director of food delivery giant Talabat UAE. “The future in the UAE is digital and we see cashless payments as the primary currency,” said Rahal, the company’s first MD who has previously worked on data analytics for brands […] January 23, 2023
Food & Drink Success brewing for UAE’s speciality coffee culture Three years after the Covid pandemic broke many businesses, a new landscape is brewing that could fundamentally change the UAE’s coffee culture. Coffee shops were among the first to shut their doors in 2020 and bear the brunt of prolonged lockdowns. But the pandemic has changed customer behaviour and palettes, and the country’s independent operators […] January 1, 2023
How I got to the top Lifestyle Kemal Yazici, founder, Bedia Gallery Kemal Yazici is founder of Bedia Gallery, an art gallery and studio located in Al Khayat Avenue, Al Quoz, Dubai. What does your company do? Currently Bedia Gallery is exhibiting my artworks. However, in the very near future we will work together with Turkish and German artists and curators. Also, in the long term we […] December 23, 2022
How I got to the top Entrepreneurs Katie Wachsberger, co-founder, Dana Global Dana Global is an Abu Dhabi-based venture builder for women-led startups in desert technology: agtech, foodtech, water solutions, circular economy, and renewable energy specifically geared for the unique desert climate of the Middle East. What does your company do? We work closely with our portfolio companies – early-stage businesses and entrepreneurs – to guide them […] December 16, 2022
