The Saudi Technology Ventures report highlighted that venture capital (VC) investments in Saudi Arabia are growing rapidly, and yearly invested capital has the potential to expand tenfold to $500 million in 2025.
Mubadala unveils $250 million fund for Middle East tech startups
With a total of $250 million (AED 918 million), the Mubadala MENA tech funds will capitalise on the growing startup scene in the region while empowering tech talent in the Emirates and across the wider region.
GITEX 2019 to spotlight synergy between human and technology
The region’s annual mega tech events – GITEX Technology Week and GITEX Future Stars – are back and will once again define the innovative ways that advanced technologies and the new generation will reshape the world.
Startup incubator Sheraa, Liv. team up to foster tech-enabled businesses
Sharjah Entrepreneurship Center (Sheraa) and Liv., the digital-only lifestyle bank by Emirates NBD, have teamed up to educate UAE youth and jump-start their entrepreneurial journey with a workshop series recently.
Singapore firm using blockchain technology to build smart cities
A Singaporean start-up company is tapping into the transformative power of blockchain by using the disruptive new technology to build …
Dubai-based techno-logistics firm raises $3.5 million in funding
Trukkin Middle East has raised over $3.5 million in its latest funding round as the technology-driven logistics firm looks to scale up its services across the GCC.
Badir Program inks deal to boost startup collaboration between Saudi Arabia and Jordan
Badir Program and Jordan-based startup accelerator Propeller have partnered to boost startup collaboration between the Kingdom of Saudi Arabia and the Hashemite Kingdom of Jordan
Uber in “advanced talks” to acquire Middle East rival Careem
Uber Technologies is in advanced discussions to buy its Dubai-based rival Careem Networks, according to a Bloomberg report.
Saudi Arabia’s Badir tech startups raise $29 million
Badir Program for Technology Incubators and Accelerators, one of the initiatives of KACST, has reported that its incubated technology startups raised nearly $29.32 million across 63 funding deals in 2018.
Blockchain vital to build a truly smart city: Smart Dubai director general
Smart Dubai is gearing up to launch the third round of the Global Blockchain Challenge, organised in partnership with successful local accelerator the Dubai Future Accelerators (DFA).