# Daily GCC News from Gulf &amp; North Africa

> GCC Startup News covers and publishes news related to startups, funding, entrepreneurship, events, and public policy for the GCC and MENA Region


## Posts

- [Bahrain-based Procural secures $1.2 million seed investment](https://www.gccstartup.news/gcc/bahrain-based-procural-secures-1-2-million-seed-investment/): Manama, Bahrain Bahrain-based B2B tendering platform Procural has secured a seed investment of $1.2 million from Flagship Holding and Canada-based BenchMatrix to accelerate growth and product development. The investment will help Procural expand its reach and scale its innovative platform, enabling businesses of all sizes to manage their procurement processes efficiently. CEO and co-founder of Procural, Uzair Usman, hailed the investment as a crucialstep forward for the company. &#8220;We found a gap in the market and have developed asecure, scalable solution that can be accessed from anywhere,&#8221; he said. &#8220;Bystreamlining the purchasing process, businesses can save time and money, whilealso ensuring [&hellip;]
- [Exclusive: Interview with Aleem Shaikh, publisher & editor](https://www.gccstartup.news/interviews/exclusive-interview-with-aleem-shaikh-publisher-editor/): The GCCStartup.News Editor &amp; Publisher Dr.Tausif Malik spoke with Aleem Shaikh, publisher &amp; editor HelloMumbaiNews.com HelloWomeniya.com and HelloIndia news.com, a renowned crime reporter with experience with leading newspapers and television channels. Please give a small intro about yourself for our readers? (Education, Career &amp; Family) Aleem Shaikh: I am Mumbai based senior journalist having more than 20 years experience of Journalism.I have worked with Sahara Samay Mumbai News Channel,Zee News and Lemon News. Presently i am the founder of three News Portal HelloMumbaiNews.com HelloWomeniya.com and HelloIndia news.com. Hello Mumbai is a very popular news channel, what inspired you to start Hello [&hellip;]
- [First In-Person Training in Japan for Young Entrepreneurs from Egypt, Iraq and Lebanon](https://www.gccstartup.news/mena-region/first-in-person-training-in-japan-for-young-entrepreneurs-from-egypt-iraq-and-lebanon/): Tokyo UNITAR Division for Prosperity will hold the first in-person workshop in Japan for&nbsp;Great Ideas Space: Entrepreneurship for Public Health and COVID-19 Recovery in Egypt, Iraq and Lebanon. The programme trains entrepreneurs and founders of micro, small and medium enterprises (MSMEs) so they have greater knowledge, skills and networks to develop and run business projects that address challenges from the COVID-19 pandemic and contribute to building a resilient health sector in their communities. This programme has three phases and combines both online and in-person learning. It was launched in September 2022 with 189 participants from Egypt, Iraq and Lebanon.&nbsp; During the [&hellip;]
- [UAE, Egypt, Jordan, Bahrain set to announce joint industrial projects worth hundreds of millions of dollars](https://www.gccstartup.news/gcc/uae-egypt-jordan-bahrain-set-to-announce-joint-industrial-projects-worth-hundreds-of-millions-of-dollars/): Amman, Jordan Ministers from the UAE, Egypt, Jordan, and Bahrain are set to meet on Sunday where they will oversee the signing of agreements between industrial companies for projects worth millions of dollars. The third meeting of the Higher Committee of the Industrial Partnership for Sustainable Economic Development will take place in Jordan&#8217;s capital Amman, where representatives from the four countries will discuss the partnership&#8217;s latest developments as well as joint industrial projects. The meeting will also result in a report and recommendations from the Executive Committee. His Excellency Yousef Al Shamali, Jordan&#8217;s Minister of Industry, Trade and Supply and Minister [&hellip;]
- [After a remarkable year of growth, in5 showcases 20 innovative start-ups at Step Conference 2023](https://www.gccstartup.news/gcc/after-a-remarkable-year-of-growth-in5-showcases-20-innovative-start-ups-at-step-conference-2023/): Dubai, UAE: Reflecting the MENA region’s fast-growing start-up ecosystem, in5, a member of TECOM Group PJSC, witnessed more than a 31% year-on-year (YoY) jump in new start-ups in 2022. More than 160 new start-ups joined in5 since 2022, bringing the grand total of start-ups supported by the incubator since its inception to over 750. The Dubai-based incubator, which enables businesses in tech, design and media, is showcasing its growing community at the upcoming Step Conference 2023, presented by Dubai Internet City, from 22-23 February. Last year was a formidable year for the incubator. The number of female-led start-ups more than doubled, [&hellip;]
- [Banks in MENA should do more on climate risk data, new report](https://www.gccstartup.news/gcc/banks-in-mena-should-do-more-on-climate-risk-data-new-report/): Abu Dhabi, UAE&nbsp; Banks in the MENA region would benefit from keeping pace with global best practices on climate risk reporting if they want to avoid losing ground to international counterparts. The London Institute of Banking &amp; Finance (LIBF) suggests banks in MENA should move quickly to go beyond reporting on ESG and get hard data on climate risk – both data on their own exposure and on that of their clients According to a new LIBF report, the scale and complexity of climate change requires MENA banks to get ready now to report on climate risk – ahead of local [&hellip;]
- [Indian-born Ajay Banga nominated by President Biden to Lead World Bank](https://www.gccstartup.news/global/asia/indian-born-ajay-banga-nominated-by-president-biden-to-lead-world-bank/): USA President Biden announced that the United States is nominating Ajay Banga, a business leader with extensive experience leading successful organizations in developing countries and forging public-private partnerships to address financial inclusion and climate change, to be President of the World Bank.&nbsp;Statement from President Biden:&nbsp;“Ajay is uniquely equipped to lead the World Bank at this critical moment in history. He has spent more than three decades building and managing successful, global companies that create jobs and bring investment to developing economies, and guiding organizations through periods of fundamental change. He has a proven track record managing people and systems, and partnering [&hellip;]
- [Tata Motors and Uber sign an MOU for XPRES-T EVs](https://www.gccstartup.news/global/asia/tata-motors-and-uber-sign-an-mou-for-xpres-t-evs/): India Tata Motors, India’s leading automobile manufacturer and the pioneer of India’s EV evolution, today signed an MoU with Uber, India’s leading ridesharing app, to bring 25,000 XPRES–T EVs into their premium category service. Aligned towards its goal of a clean and green environment, Tata Motors will be aiding Uber in electrifying their services across Delhi NCR, Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru and Ahmedabad. The Company will begin the deliveries of the cars to Uber fleet partners in a phased manner, starting this month. Speaking at the MoU signing, Mr. Shailesh Chandra, MD, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility said, “In [&hellip;]
- [DIC launches 5th edition of ‘Make the Deal’](https://www.gccstartup.news/gcc/dic-launches-5th-edition-of-make-the-deal/): Qatar The Digital Incubation Center (DIC) affiliated with the Ministry of Communications and Information Technology (MCIT) launched the 5th edition of “Make the Deal” for startups and investors. The program connects promising digital startups with local, regional, and international investment firms and investors to support digital entrepreneurship in Qatar. Since the start of registration in mid-November 2022 for a period of 15 days, the number of applications exceeded 180 applications from Tech startups from over 22 countries, in addition to the attendance confirmation of more than 40 investors to participate in launching the 5th edition event. The DIC team screened applications [&hellip;]
- [MNT-Halan Attracts $400 Million in Largest Funding in Egypt and the Middle East in the Past 12 Months](https://www.gccstartup.news/mena-region/mnt-halanattracts-400-million-in-largest-funding-in-egypt-and-the-middle-east-in-the-past-12-months/): Egypt MNT-Halan, Egypt’s leading and fastest-growing fintech ecosystem, announced today that Chimera Abu Dhabi had invested more than $200 million in equity in exchange for over 20% of the company. In addition, the company is in the advanced stages with leading international investors to raise $60 million of primary capital. After completing these investments, MNT-Halan’s valuation will exceed $1 billion. These investments demonstrate continued confidence in MNT-Halan’s value proposition, management team, and superior technology, and will also enable international growth. This funding follows a $120 million investment in Q3 2021 by other major global and regional growth investors, including Development Partners [&hellip;]
- [Three Egyptian startups win pitching competition of “We Make the Future” at Startups Without Borders Summit](https://www.gccstartup.news/mena-region/three-egyptian-startups-win-pitching-competition-of-we-make-the-future-at-startups-without-borders-summit/): Egypt Under the patronage of the Ministry of Planning and Economic Development, the Startups Without Borders Summit concluded its fourth edition with 3,000 attendees from 19 different countries.  The event took place for 2 days in partnership with Misr Italia Properties at Cairo Business park, where high-profile speakers, experts, and investors in the entrepreneurial and corporate ecosystems came to support and encourage entrepreneurs to grow and expand.&nbsp; The summit hosted 460 meetings between investors and startups, and offered two remarkable opportunities for startups to pitch in two competitions; the first one was “We Make Future” with 10 Egyptian and Middle Eastern [&hellip;]
- [Investcorp invests in InsuranceDekho, India’s leading InsurTech](https://www.gccstartup.news/gcc/investcorp-invests-in-insurancedekho-indias-leading-insurtech-platform/): Bahrain Investcorp, a leading global alternative investment firm, announced hat private equity funds managed by Investcorp have invested in InsuranceDekho, a leading Insurtech in India. The investment is part of a consortium financing $150 million of growth capital in InsuranceDekho to support the growth of the Company’s network, as well as the continuous development of its technology platform and brand. InsuranceDekho was incubated inside the CarDekho Group, a leading tech-enabled automotive search platform, and then spun off as an independent business in 2018. The Company enables consumers to compare different insurance policies based on their requirements and offers them the best [&hellip;]
- [Tamkeen announces the graduation of the first cohort of the cyber security training program in partnership with SANS Institute](https://www.gccstartup.news/gcc/tamkeen-announces-the-graduation-of-the-first-cohort-of-the-cyber-security-training-program-in-partnership-with-sans-institute/): Bahrain The Labour Fund (Tamkeen) announced the graduation of the first cohort of the Cyber Security Training Program in partnership with SANS Institute, which spanned eight months and provided specialized training delivered by experts in the field. The graduates also received two Global Information Assurance Certifications (GIAC) upon completing the program. The first cohort of the program proved to be highly successful, with 25% of the graduates securing on-the-job training and employment opportunities in local and international companies including Beyon Cyber. Furthermore, a number of the graduates will get the opportunity to build their knowledge and expertise with global experiences by [&hellip;]
- [PepsiCo partners with NTSC to launch and pilot the first EV Delivery truck in the Kingdom](https://www.gccstartup.news/gcc/pepsico-partners-with-ntsc-to-launch-and-pilot-the-first-ev-delivery-truck-in-the-kingdom/): Saudi Arabia In a joint effort to develop a full decarbonization roadmap for PepsiCo’s fleet in the MENA Region, PepsiCo, a globally leading food and beverage manufacturer, and National Transportations Solutions Company (NTSC), a Petromin portfolio company, signed a wide-ranging Memorandum of Understanding (MoU), and commenced the decarbonization process with the launch of the first Electric Commercial delivery truck pilot in Saudi Arabia. The MOU signing was attended by Aamer Sheikh, CEO of PepsiCo Middle East, Kalyana Sivagnanam, the Group CEO of Petromin Corporation, Gary Flom, CEO NTSC, and representatives from the Ministry of Environment, Water and Agriculture (MEWA), MODON and [&hellip;]
- [‘Startup performance will boost higher with more regional collaborative efforts’](https://www.gccstartup.news/gcc/startup-performance-will-boost-higher-with-more-regional-collaborative-efforts/): Sharjah During an edifying session titled ‘Regional Efforts that Help Companies Scale-up,’ on the second day of the sixth Sharjah Investment Forum (SIF) 2023, panellists discussed investment opportunities and challenges facing the business community in the UAE and the region, stressing the support needed for ventures to become global competitors. Moderated by Shafique Ibrahim, MD-Digital Transformation and Payments, Walvat, founder of FXB payment, panellists Anuscha Ahmed Iqbal, CEO and Co-founder of Spotti, Elizabeth Donaghy, Vice-President of Internal Operation at Sarwa, and Ekta Bhowjwani, Vice-President of Product Management of Kitopi, shared their insights on regional efforts to enhance companies growth. Anuscha Ahmed [&hellip;]
- [DIFC announces enactment of new DIFC family arrangements regulations](https://www.gccstartup.news/gcc/difc-announces-enactment-of-new-difc-family-arrangements-regulations/): Dubai Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has enacted the DIFC Family Arrangements Regulations, following a 30-day public consultation period. The new regulations provide a firm foundation for the new DIFC Family Wealth Centre. The new regulations offer a framework and hub for global and regional family-owned businesses, ultra-high net worth individuals and private wealth, and further differentiate DIFC as a global hub for leading financial institutions and businesses. Jacques Visser, Chief Legal Officer at DIFC, said: “For almost 20 years, DIFC has provided a supportive and [&hellip;]
- [Aster, Talabat to partner up, deliver prescription medicines to patients](https://www.gccstartup.news/gcc/aster-talabat-to-partner-up-deliver-prescription-medicines-to-patients/): Dubai Aster Pharmacy and Talabat UAE have signed a deal to deliver medicines to the residents in Dubai. Talabat users can upload their medical prescriptions securely and efficiently on the app to be sent to Aster Pharmacy and have them delivered in 90 minutes. Customers can also purchase over-the-counter (OTC) medicines, other health and wellness items from Aster Pharmacy with a delivery time of 30 minutes or less. The prescription delivery service was launched in Dubai in the first phase, with plans to extend to other emirates. “As more providers come on board and provide this service, we will continue to [&hellip;]
- [Saudi Arabia launches free stopover 96-hour visa](https://www.gccstartup.news/gcc/saudi-arabia-launches-free-stopover-96-hour-visa/): Saudi Arabia Saudi Arabia&#8217;s Ministry of Foreign Affairs (MOFA) has announced the launch of a new Stopover Visa, open to a wider number of countries than the historic tourism eVisa and is the kingdom&#8217;s latest move to make the destination more accessible.&nbsp; &nbsp; The free-of-charge Stopover Visa has been launched in collaboration with the Ministry of Tourism (MT), the Ministry of Interior (MOI), the Ministry of Hajj and Umrah (MOHU), the Saudi Tourism Authority (STA), Saudia, and flynas. The Stopover Visa will allow passengers to stay in the country for up to 96 hours, enabling more visitors than ever to explore [&hellip;]
- [Star-studded LEAP23 offers $1.54mln prize pool in startup pitch challenge and cloud hackathon](https://www.gccstartup.news/gcc/star-studded-leap23-offers-1-54mln-prize-pool-in-startup-pitch-challenge-and-cloud-hackathon/): Saudi Arabia LEAP23, the world’s most visionary and valuable technology event, will host two competitions with a prize purse of US$1.54 million, as well as a welcome a raft of global celebrities and tech industry luminaries ranging from music icon will.i.am and FIFA World Cup winner Carles Puyol to Amin H Nassr, CEO of Aramco, and Jae Sook Evans, Chief Information Officer at Oracle. LEAP23 is set to run from February 6-9 at the Riyadh Front Exhibition and Conference Centre and will be the setting for the inaugural LEAP Rocket Fuel Startup Pitch Challenge, powered by Saudi Arabia’s National Technology Development [&hellip;]
- [Oman launches marketing guide for SMEs &amp; start-ups](https://www.gccstartup.news/gcc/oman-launches-marketing-guide-for-smes-start-ups/): Oman Oman’s Authority for Small and Medium Enterprises (ASMED) has launched its first edition of a guide for SMEs and start-ups aiming to introduce them to different government and private establishments, segments of society and investors. The “Guide for Small and Medium Enterprises and Start-ups” also aspires to help local SMEs and start-ups go global, reported Oman News Agency (ONA). The guide, which comprises 84 such nascent enterprise in its first edition, also covers Omani trademarks specialized in industry and technology. It reflects diversity in terms of activities, products and services that the firms offer to individuals and establishments. SMEs constitute [&hellip;]
- [Citi’s Global Tech Hub to employ 1000 Bahraini coders](https://www.gccstartup.news/gcc/citis-global-tech-hub-to-employ-1000-bahraini-coders/): Bahrain Citi Bahrain has celebrated the first anniversary of its Global Technology Hub, which is on track to employ 1000 Bahraini coders over ten years. Currently, the hub comprises of 110 Bahraini employees, out of which 91 Bahrainis have started at the Citi Seef premises, with 19 additional hires set to join soon. Female participants at the Hub make up 22% of the total Bahrainis, outperforming the average of females in other Citi tech hubs around the world. When selecting a country for its Global Technology Hub, Citi conducted a rigorous technical coding test and interview process, with Bahraini talent showing [&hellip;]
- [Pre-seed investor Techstars announces continuation of Riyadh startup program ](https://www.gccstartup.news/gcc/pre-seed-investor-techstars-announces-continuation-of-riyadh-startup-program/): Saudi Arabia The organizers of The Riyadh Techstars Accelerator announced the continuation of the startup program this year after successfully completing the first edition in 2022 with investments in 11 portfolio companies from Saudi Arabia and the wider Middle East and North Africa region.&nbsp;&nbsp;&nbsp; The 13-week program, which will take place from June through September 2023, is run by pre-seed investor Techstars in collaboration with Saudi Arabia’s Ministry of Communications and Information Technology, RAED Ventures and Saudi National Bank.&nbsp;&nbsp;&nbsp; As a part of Saudi Arabia&#8217;s emerging entrepreneurial ecosystem, the accelerator will work with startups and their founders on building and growing [&hellip;]
- [AACCI launches Maharashtra Chapter to promote Trade between Africa &amp; Asia](https://www.gccstartup.news/global/asia/aacci-launches-maharashtra-chapter-to-promote-trade-between-africa-asia/): Pune, INDIA On Saturday, January 21st, 2023 Asian African Chamber of Commerce &amp; Industry (AACCI), a bilateral chamber with a presence in Africa &amp; Asia launched its Maharashtra chapter and announcement of Brajesh Kumar as Chapter President at the Hotel Aurora Towers. The chamber successfully completed 5 years of operation, the event was attended by professionals, entrepreneurs, heads of various business chambers, investors, &amp; business persons from Pune &amp; Maharashtra. The event was hosted by Shivani Bhimraj Bhalsing, Asst Manager of the Youth Success Association. The was graced by the following keynote speakers:Dr. Tausif Malik, founder RiseBack.orgMr.HP Shrivastava, Vice President Deccan [&hellip;]
- [India: National Startup Day 2023 Celebrated](https://www.gccstartup.news/global/asia/india-national-startup-day-2023-celebrated/): INDIA The Indian National Startup Day is celebrated annually on January 16th in India, to recognize and promote the country’s vibrant startup ecosystem. The day is marked by a week-long event, the Startup India Innovation Week, organized by the Ministry of Commerce and Industry and the Department for Promotion of Industry and Internal Trade (DPIIT). While there is no designated theme for the day, the event is focused on highlighting the contributions of startup businesses and encouraging innovation and entrepreneurship in the country. The event provides a platform for startup business owners to connect with investors, mentors, and other entrepreneurs, and [&hellip;]
- [Saudi Fund for Development expands operations in the Caribbean countries](https://www.gccstartup.news/gcc/saudi-fund-for-development-expands-operations-in-the-caribbean-countries/): Saint John&#8217;s The Saudi Fund for Development (SFD) CEO, Mr. Sultan Al-Marshad, and Honorable Gaston Browne, Prime Minister of Antigua and Barbuda signed an $80 million financing agreement for the expansion project of the University of the West Indies at Five Islands (UWI) in Antigua and Barbuda. The agreement represents a significant milestone, with Antigua and Barbuda being the 85th state to receive funding for a major development project from SFD. The signing ceremony took place at the university&#8217;s headquarters in the presence of the Governor General of Antigua and Barbuda, the Vice Chancellor of the University of the West Indies [&hellip;]
- [UAE launches Trade Tech Initiative at the World Economic Forum](https://www.gccstartup.news/gcc/uae-launches-trade-tech-initiative-at-the-world-economic-forum/): Davos The UAE has signed a memorandum of understanding (MoU) with the World Economic Forum during its annual meeting in Davos, Switzerland, to support the UAE’s new Trade Tech Initiative, which is designed to accelerate the digitization of international supply chains, enhance customs procedures, improve developing countries’ access to the global trading system and, as a result, spur a new era of trade growth. From the UAE’s side, the MoU was jointly signed by HE Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and HE Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi Department of [&hellip;]
- [Silicon Valley’s ‘Plug and Play’ boosts startup growth in KSA](https://www.gccstartup.news/gcc/silicon-valleys-plug-and-play-boosts-startup-growth-in-ksa/): Saudi Arabia Silicon Valley’s Plug and Play, the largest innovation platform in the world that aims to support local talent and startups while sourcing innovation for its partners, has recently completed the first year of its journey in Saudi Arabia with a number of accomplishments. The global innovation giant has accelerated the growth and expansion of more than 90 promising local and regional startups thus far in the Kingdom, by providing them with mentorship, support to get funded and all that it takes to secure business development opportunities. Plug and Play also assisted in the creation of more than 450 highly [&hellip;]
- [stc Bahrain Jeel ICT program opens registrations](https://www.gccstartup.news/gcc/stc-bahrain-jeel-ict-program-opens-registrations/): Bahrain Registrations are now open for the Bahraini youth to apply for stc Bahrain’s latest edition of the graduate development program Jeel (meaning ‘generation’ in Arabic).&nbsp; The program, launched in partnership with the Ministry of Labour, the Bahrain Economic Development Board (EDB), and Tamkeen, is in line with the kingdom’s digital vision to invest in building the Bahraini youth’s ICT capabilities and competencies through world-class training and career development opportunities.&nbsp; Jeel ICT is a 100% Nationalised Training program for Bahraini Graduates to gain valuable work experience, skills, and knowledge that will assist them in advancing their careers. They will also have [&hellip;]
- [BioNTech Acquires Tunisia-Founded AI Startup InstaDeep for $684m](https://www.gccstartup.news/mena-region/biontech-acquires-tunisia-founded-ai-startup-instadeep-for-684m/): Following a multi-year partnership, German biotech company BioNTech acquires Tunisia-founded and UK-based AI Startup InstaDeep for $684m to boost drug discovery efforts. In its largest acquisition to date, German biotech firm BioNTech SE will acquire InstaDeep, a Tunisia-born and U.K.-based&nbsp;artificial intelligence (AI) startup, for up to £562 million (~$680 million). According to the Financial Times, the German vaccine manufacturer plans to employ InstaDeep’s machine learning to “enhance its drug discovery process, including the development of personalized cancer medicines.” BioNTech is reported to pay £362 million upfront in a combination of cash and an unspecified number of BioNTech shares. The remaining £200 [&hellip;]
- [Aviram Family Foundation & Forbes Launch “Aviram Awards For Start-Ups And Entrepreneurs In The Middle East](https://www.gccstartup.news/gcc/aviram-family-foundation-forbes-launch-aviram-awards-for-start-ups-and-entrepreneurs-in-the-middle-east/): Israel The event – for which the top prize is US$500,000 – looks for original products or services that will result in positive social, environmental, or human impact. Last year’s contest saw hundreds of submissions, with Israeli startup RedC Biotech coming away with the top prize. The challenge is open to startups based in Algeria, Egypt and Morocco, as well as Bahrain, Israel, Jordan, Saudi Arabia and the United Arab Emirates. Businesses are eligible to apply if they are at the pre-seed or seed phase, with an established concept that positively impacts humanity. They must not have exceeded US$5 million in [&hellip;]
- [Abu Dhabi increases Golden Visa validity to 10 years for all categories](https://www.gccstartup.news/gcc/abu-dhabi-increases-golden-visa-validity-to-10-years-for-all-categories/): Abu Dhabi The golden visa period in Abu Dhabi is updated to a period of 10 years for all categories, instead of 5 years, according to Mark Dorzi, Director of Operations at the Abu Dhabi Residents Office. Holders of this visa can sponsor spouses, children and parents regardless of age, with the addition of new main categories and sub-categories based on recommendations from the relevant offices such as the Abu Dhabi Office for Residents, Dorzi added. The Abu Dhabi Residents Office indicated that the golden visa is now valid for ten years and offers a wide range of residency options for [&hellip;]
- [Hope Ventures and Private Investors invest USD 160k in the first episode of Beban Season 2](https://www.gccstartup.news/gcc/hope-ventures-and-private-investors-invest-usd-160k-in-the-first-episode-of-beban-season-2/): Manama, Bahrain – Hope Ventures, the investment arm of Hope Fund and producers of Beban TV show, co-invests USD 160k in 2 local businesses: Steel Masters, and Frozen Nutrition, alongside the private sector on the first episode of Beban Season 2. During the first episode, Steel Masters, a Bahrain-based manufacturer of customized barbeque equipment, grills, smokers, and food trucks, co-founded by Mahdi Taheri and Hussain Yousif, raised USD 120K from Hope Ventures and private investors. While Frozen Nutrition, a platform founded by Mohammed Al-Aradi that offers fresh frozen fruits and detox cubes that are preservatives and sugar-free, raised USD 40K from [&hellip;]
- [Edtech startup RiseBack powers Changemakers 2022 Awards Series](https://www.gccstartup.news/gcc/edtech-startup-riseback-powers-changemakers-2022-awards-series/): USA/INDIA RiseBack.org&nbsp;powers The Changemakers Award Series to recognize changemakers who have impacted the communities, and their country in a positive way. It was officially announced on January 1st, 2023, Dr.Tausif Malik founder of the startup edtech RiseBack.org, said that “Education and knowledge help individuals to achieve their personal and professional goals and, RiseBack is on a mission to empower students and professionals with affordable University degree programs.&nbsp;&nbsp; Malik further said that “The official launch was made on January 1st, which happens to be his mother Razia Malik’s birthday, who always supported him in achieving his dreams. It’s an ode to all [&hellip;]
- [Sharjah Sustainable City celebrates milestones](https://www.gccstartup.news/gcc/sharjah-sustainable-city-celebrates-milestones/): Sharjah The Sharjah Sustainable City — the first sustainable master- planned community developed by the Sharjah Investment and Development Authority (Shurooq) in partnership with Diamond Developers – has announced that the year 2022 was a year of milestones following an overwhelming response to the city&#8217;s movement toward a sustainable way of life. Over the past year, the city&#8217;s first two phases, including 604 spacious and modern villas,have been entirely sold out, and it also launched the third phase comprising 324 villas.What&#8217;s more, the phase 1 handover has been completed, with handovers of phase 2 andphase 3 expected to take place in [&hellip;]
- [Health Care Summit &amp; Expo 2022 successfully hosted](https://www.gccstartup.news/events/health-care-summit-expo-2022-successfully-hosted/): India The ”Health Care Summit &amp; Expo 2022” themed on Building Future-Ready, Affordable and Inclusive Health care Post-Covid organized by The Policy Times concluded successfully on December 15th in Siliguri. The event was supported by renowned organizations like the IIHMR – the education partner which works towards creating accelerated pathways towards healthcare-related postgraduate programs. Air Ambulance services provider AEROMED – an International Rescue Service organization providing low-cost air ambulance services domestically and across the globe catered to the successful conclusion of the IHS 2022. Surgical partners SI Surgicals and CMR Surgical dedicated to serve the healthcare sector with innovative medical equipment [&hellip;]
- [Can Information Technology University degree be the road to achieving the American Dream?](https://www.gccstartup.news/global/america/can-information-technology-university-degree-be-the-road-to-achieving-the-american-dream/): Dr.Tausif Malik Last year, I launched RiseBack, an ed-tech platform that connects the global student fraternity with Indian universities. The Indian universities on the RiseBack platform offers undergraduate and master’s degrees in Business &amp; IT and both of them have courses in IT – such as digital marketing, blockchain, artificial intelligence et al. The reason for focusing on IT education as it is one of the highest-paying jobs and this can help reduce gaps in education and increase the income of fellow Americans. According to USNews.com IT Managers made a median salary of $151,150 in 2020. The best-paid 25 percent made [&hellip;]
- [ACOHI promotes food & hospitality startups](https://www.gccstartup.news/global/asia/acohi-to-create-and-promote-startups-hospitality-startups/): Pune, India The Asian Countries Chamber of Hospitality Industry (ACOHI) held a press conference at the headquarters in Pune to announce three initiatives. It was attended by media professionals and National and International Dignitaries, the Asian Countries Chamber of Hospitality Industry (ACOHI) announces Mahabaleshwar and Panchgani of Maharashtra as the next International Destination for Tourism, Leisure Destination, and Medical Tourism at a National Press Conference at the National Secretariat of ACOHI Asia in Pune. Dr.Tausif Malik Indian American, social entrepreneur, politician, and the Publisher of The Desi Buzz, Startup Berita &amp; GCC Startup News was invited to the event. Dr Sanee [&hellip;]
- [Sharjah Entrepreneurship Festival successfully hosted](https://www.gccstartup.news/gcc/sharjah-entrepreneurship-festival-successfully-hosted/): Sharjah The Sharjah Entrepreneurship Festival (SEF) 2022 was held on from 17 – 18 December 2022 at the Sharjah Research Technology and Innovation Park. This annual event was organized by Sharjah Entrepreneurship Centre (Sheraa) under the theme &#8220;Where We Belong&#8221;, the event featured some of the most advanced innovations in the field and attracted a large number of participants including policymakers, CEOs, entrepreneurs, investors, artists, and media influencers. “Sharjah has seen a 68% increase in female entrepreneurs, and as the market grows and expands, we will continue cultivating an environment that is inclusive and supportive. None of this would have been [&hellip;]
- [Love at First Sight](https://www.gccstartup.news/funding/love-at-first-sight/): Dr. Prakash Sharma Love at First SightIs it applicable to the startup ecosystem? or any business deal?The answer is probably Yes. Why does an investor invest in a venture?The deal is great…and it will have definite returns.. but maybe the investment banker,the deal maker has fallen in love with the venture for whatsoever reasons. Is it applicable in employment?Many a time, we get very impressed by a prospective employee because of goodanswers, excellent back experiences or whatsoever, and decide to hire an individual inmax 1 hour to 3 hours of maybe a couple of rounds of interviews. Each employmentengagement or venture [&hellip;]
- [UAE govt announcement: Emirati govt employees to get a year's paid 'entrepreneurship leave' for self-employment from January 2](https://www.gccstartup.news/gcc/uae-govt-announcement-emirati-govt-employees-to-get-a-years-paid-entrepreneurship-leave-for-self-employment-from-january-2/): UAE The UAE will start the implementation of the Entrepreneurship Leave for self-employment for the UAE national employees of the federal government from 2nd January 2023. This program was approved by the Council of Ministers headed by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, last July. This is one of the “Projects of the 50” initiatives and the first of its kind in the world. The entrepreneurship leave for self-employment aims to empower the UAE national cadres and talents and motivate them to approach the world of entrepreneurship and explore its fields, [&hellip;]
- [Exclusive: Interview with author Talha Sareswala](https://www.gccstartup.news/interviews/exclusive-interview-with-author-talha-sareswala/): The GCC Startup News &amp; Publisher Dr.Tausif Malik spoke with Entrepreneur, Community leader, Mentor &amp; now Author Mr.Talha Sareswala about his recently published book Breakeven Point. What is Breakeven Point? Talha Sareswala: Breakeven-point is my way to sharing my experiences of 30 years of the entrepreneurial journey. The 30 years since I started my career as a humble entrepreneur. A journey, full of excitement, experiences, rewards, and learnings An Ability to sustain to achieve long-term financial goals with a passion and be a visionary, to be the “best in the manner in which you operate, best in the products you deliver, [&hellip;]
- [ITIDA partners with 500 Global to amplify Egypt’s startup](https://www.gccstartup.news/mena-region/itida-partners-with-500-global-to-amplify-egypts-startup-ecosystem/): Cairo, Egypt:&nbsp;Egypt’s IT Industry Development Agency&nbsp;(ITIDA) is partnering with&nbsp;500 Global,&nbsp;one of the world’s most active venture capital firms, to bring the latter its range of programs to Cairo with the strategic aim of boosting the country’s evolving startup ecosystem. 500 Global&nbsp;will be opening an office in Egypt, its first ever on the African continent. Over a period of three years,&nbsp;500 Global&nbsp;will deploy three separate programs that will support nearly 200 startups and around 60 accelerator managers thanks to its team of expert program managers, investors, and mentors. They include: The Egyptian startup ecosystem has established itself as one of Africa&#8217;s “big four” in [&hellip;]
- [19 newcomers join Forbes Middle East's Top 50 most-funded startups 2022](https://www.gccstartup.news/mena-region/19-newcomers-join-forbes-middle-easts-top-50-most-funded-startups-2022/): Amman, Jordan Forbes Middle East has released its annual list of MENA&#8217;s Top 50 Most-Funded Startups, celebrating the mission-driven young businesses attracting investor attention. Combined, the 50 startups on the 2022 list have raised $3.2 billion in funding, up from $3 billion in 2021. The startups had to have been founded no earlier than 2015 and have raised a minimum of $20 million in total funding to be considered for the list. Startups that were acquired, merged, went public on stock markets, or didn&#8217;t provide sufficient data on funding and investors, were excluded. Cut off for funding was November 10, 2022. [&hellip;]
- [Singapore-based GSF to Invest USD 550 Million in India's K12 School Sector](https://www.gccstartup.news/featured/singapore-based-gsf-to-invest-usd-550-million-in-indias-k12-school-sector/): SINGAPORE Global Schools Foundation (GSF) Singapore, the award-winning not-for-profit foundation, plans to invest over US$500 million in India&#8217;s school education sector by Year 2026, as it continues its global expansion plan to serve more communities across Europe, the Middle East, India and Japan.&nbsp; Recognised as the world&#8217;s most awarded school network with more than 450 international awards in Business and Education Excellence, GSF already has a network of 35 campuses across 11 countries. Its schools offer multiple curricula like International Baccalaureate, Cambridge IGCSE and Indian CBSE to nearly 32000 students of more than 70 nationalities. The new investment in India is [&hellip;]
- [PITB, PBIT hold a webinar to explore opportunities for Pakistani Startups in Qatar](https://www.gccstartup.news/gcc/pitb-pbit-hold-a-webinar-to-explore-opportunities-for-pakistani-startups-in-qatar/): LAHORE The Punjab Information Technology Board (PITB) and the Punjab Board of Investment and Trade (PBIT) hosted a webinar to explore opportunities for Pakistani startups in the Qatar market. It was organized in collaboration with Trade and Investment Attaché (TIA), Doha-Qatar and Pakistan Embassy in Qatar, the webinar was held at Arfa Software Technology Park (ASTP). The event was attended by officials from both organizations including PBIT’s Director of Trade &amp; Commerce Fatima Ali Khan and Director of Projects &amp; Policy Research Muhammad Sohail Qadri as well as startups enlisted with PITB and PBIT.&nbsp; The key guest speakers included the Ambassador [&hellip;]
- [MeitY and Google to help 100 Indian startup](https://www.gccstartup.news/global/asia/meity-and-google-to-help-100-indian-startup/): INDIA The Indian Ministry of Electronics and Information Technology (MeitY) Startup Hub and Google will help 100 Indian startups, across different Indian cities, scale their app businesses with the second edition of Appscale Academy. According to the press release &#8211; This would help many innovators turn their creative ideas into successful app businesses through Appscale Academy, Aditya Swamy, director, Play Partnerships, Google Play. He further added that &#8220;The lives of many in India are getting transformed by technology, and local app developers and startup founders are driving this tech-led transformation. India is on its way to becoming a global hub for [&hellip;]
- [Iran to offer visas for startups](https://www.gccstartup.news/mena-region/iran-to-offer-visas-for-startups/): Iran is offering a visa aimed at attracting startups, innovation, and foreign investment.&nbsp; The visa is for “innovators and startup managers who are keen on investing in Iran,” the official Islamic Republic News Agency reported. Individuals who receive the visa can stay in the country for three to six months and will then be eligible to receive residency. Grantees will be expected to establish their business in Iran. The visa regimen was approved late last year, according to the agency. Iran is not the only country in the region to create mechanisms aimed at attracting innovators from abroad. Earlier this month, [&hellip;]
- [Top Palestinian start-ups converged in Dubai at ICEP 4.0](https://www.gccstartup.news/gcc/top-palestinian-start-ups-converged-in-dubai-at-icep-4-0/): UAE 20 promising Palestinian entrepreneurs gathered in Dubai at ICEP 4.0, the 4th edition of the International Conference on Entrepreneurship in Palestine from 1st and 2nd November, 2022 Titled “Innovative Palestine in the UAE; People &amp; Potential” the annual two-day event was held for the first time in Dubai at the Museum of the Future and DIFC Fintech Hive respectively. ICEP 4.0 is being held in strategic partnership with DIFC Innovation Hub with the support of Dubai Future Foundation. “It is rare and inspiring to witness Palestinian entrepreneurs overcome geopolitical challenges to innovate and create platforms that can have a real [&hellip;]
- [UAE minister - Future of technology will have 'Indian fingerprint everywhere](https://www.gccstartup.news/gcc/uae-minister-future-of-technology-will-have-indian-fingerprint-everywhere/): India The United Arab Emirates Minister of State for Artificial Intelligence Omar bin Sultan Al Olama speaking at the 25th Bengaluru Tech Summit said the future would have an Indian fingerprint for &#8220;everyone and everywhere&#8221;, as he praised the country for the strides it has made in the field of technology.&nbsp; &#8220;Our belief is that India is not just past and present but India is also the future. The future will have (an) Indian fingerprint on it for everyone and everywhere,&#8221; he said.&nbsp; Al Olama said technology is driven from places such as Bengaluru but technology has come from the rest [&hellip;]
- [Aramco and IBM aim to establish an Innovation Hub in Saudi Arabia](https://www.gccstartup.news/gcc/aramco-and-ibm-aim-to-establish-an-innovation-hub-in-saudi-arabia/): Saudi Arabia Aramco and IBM&nbsp;(NYSE:&nbsp;IBM) today&nbsp;announced preliminary plans for a strategic collaboration to establish an Innovation Hub in Riyadh, Saudi Arabia. The collaboration aims to support high-tech-driven economic growth in the Kingdom of Saudi Arabia leveraging emerging technologies in hybrid cloud, AI, and quantum computing to address objectives including circular economy, materials science, supply chain, sustainability, security, and digitization. Aramco Senior Vice President of Technical Services, Ahmad Al Sa’adi, said: “The strategic collaboration of Aramco’s leadership with IBM’s enhanced technologies, R&amp;D, and deep expertise, aspires to achieve potential breakthroughs in the energy sector that will have industry-wide impact.&nbsp;Through this collaboration, we [&hellip;]
- [HRH Crown Prince Launches Ceer, the First Saudi Electric Vehicle Brand](https://www.gccstartup.news/gcc/hrh-crown-prince-launches-ceer-the-first-saudi-electric-vehicle-brand/): Saudi Arabia His Royal Highness Crown Prince Mohammad bin Salman bin Abdulaziz, Prime Minister and Chairman of the Public Investment Fund (PIF) announced today the launch of Ceer, the first Saudi electric vehicle brand that will contribute to Saudi Arabia’s automotive manufacturing sector. The launch comes in line with PIF’s strategy to focus on unlocking the capabilities of promising sectors locally that can help drive the diversification of the economy, to help achieve the objectives of Vision 2030. In addition, the company will contribute to Saudi Arabia’s efforts towards carbon emissions reduction and driving sustainability to address the impact of climate [&hellip;]
- [Yassir raises $150m Series B, the largest ever by North African startup](https://www.gccstartup.news/mena-region/yassir-raises-150m-series-b-the-largest-ever-by-north-african-startup/): Algeria Yassir, an Algerian super-app operating in Tunisia, has closed a $150 million Series B funding to power its expansion across Africa and the rest of the world. The investment was led by BOND, with participation from DN Capital, Dorsal Capital, Quiet Capital, Stanford Alumni Ventures (aka Spike Ventures), and Y Combinator, among other prominent strategic global investors. This investment, which is the biggest series B in North Africa so far, puts the company’s total funding to date at $193.25 million, after an early seed round of $13.25 million and a $30 million series A round a year ago. Upon closing [&hellip;]
- [Shark Tanks comes to Egypt](https://www.gccstartup.news/mena-region/shark-tanks-comes-to-egypt/): Egypt Shark Tank to be debut in Egypt in December 2022. Shark Tank, is a multi-Emmy award-winning program where Startups, Entrepreneurs, and Business owners pitch their businesses for investment to investors, here the investors are Sharks. Innovative Media Productions acquired the license to produce the show from Sony Pictures Television earlier this year, as it looked to reproduce its success in the Middle East.Registrations are officially open and aspiring entrepreneurs can register their interest on the Innovative Media Productions’ website. Although the judges have yet to be announced, sources close to the show confirmed the sharks for the Egyptian version have [&hellip;]
- [Jordanian delegation to participate in Web Summit](https://www.gccstartup.news/mena-region/jordanian-delegation-to-participate-in-web-summit/): Jordan A Jordanian delegation participated in the 2022 Web Summit in Lisbon, the Ministry of Digital Economy and Entrepreneurship. Jordan Source, an ICT investment-promotion project implemented by the ministry, hosted a booth for the first time at the summit. Her Majesty Queen Rania was this year’s keynote speaker. Her Majesty also hosted a fireside chat entitled “Battling Built-in Biases”, addressing how built-in biases contribute to discrimination and inequality and the importance of prioritizing compassion. The 2022 Web Summit aims to redefine the global tech industry. This year, the summit, which was launched on Tuesday and will continue till Friday, is anticipated [&hellip;]
- [India – Bahrain Investment Webinar](https://www.gccstartup.news/gcc/india-bahrain-investment-webinar/): Bahrain Embassy of India, Bahrain in partnership with Bahrain-India Society, Invest India, the national investment promotion and facilitation agency of India, and Cyril Amarachand Mangal Das, a leading Indian law firm having expertise in investmentmatters organized a webinar on “Ease of Doing Business in India” on 18th October 2022. The event was organized for a better understanding of the emerging Indian Market in general and for the benefit of prospective investors from Bahrain.India, now the 5th largest economy in the world, has emerged as a hub of technology-based start-ups and is home to more than 100 unicorns with a total valuation [&hellip;]
- [Milestone MOU signed for acceptance of RuPay card and UPI QR Code-based mobile payments in Oman](https://www.gccstartup.news/gcc/milestone-mou-signed-for-acceptance-of-rupay-card-and-upi-qr-code-based-mobile-payments-in-oman/): Muscat A Memorandum of Understanding (MoU) was signed today between National Payments Corporation of India (NPCI) International Payments Ltd (NIPL) and Central Bank of Oman (CBO) during the visit of Hon’ble Minister of State for External Affairs and Parliamentary Affairs Shri V. Muraleedharan to Sultanate of Oman. This MoU will enable the acceptance of Indian RuPay cards issued by banks in India at all OmanNet network ATMs, POS &amp; E-commerce sites; as well as reciprocal acceptance of Oman cards/MPCSS in the networks of NPCI in India. The MOU will also enable building partnerships for real-time cross-border remittances between India and Oman [&hellip;]
- [Saudi Venture Capital (SVC) invests $10 million in TVM Capital](https://www.gccstartup.news/gcc/saudi-venture-capital-svc-invests-10-million-in-tvm-capital/): Saudi Arabia Saudi Venture Capital (SVC) invests $10 million in TVM Capital Healthcare’s Afiyah Fund to invest in innovative companies in the healthcare sector in Saudi Arabia. TVM Capital Healthcare is a specialized healthcare expansion and growth capital private equity firm, operating out of Riyadh, Dubai, and Singapore. The Saudi Venture Capital’s mandate is to develop the VC and PE ecosystems in Saudi Arabia and to increase investment opportunities in startups and SMEs. “The investment in TVM Capital Healthcare’s Afiyah Fund is part of SVC’s Investment in Funds Program, which is a continuation of the company’s series of investments and an [&hellip;]
- [Zain sponsors MENA startup competition](https://www.gccstartup.news/mena-region/zain-sponsors-mena-startup-competition/): Kuwait Kuwait: Zain, the leading digital service provider in Kuwait, announced its strategic sponsorship of the inaugural venture competition with the London Business School (LBS) MENA Startup Competition. Zain’s support for this unique competition – launched by one of the world’s top academic business institutions – reflects the company’s ongoing efforts to enrich the regional tech startup ecosystem. Zain is committed to&nbsp;supporting entrepreneurship and innovation, not only in Kuwait but across the entire region to make an impact. Zain understands the crucial role played by private sector organizations in supporting social and economic sustainability projects.&nbsp; Social responsibility leads&nbsp; Zain to embrace the [&hellip;]
- [Tamkeen launches StartUp Bahrain Pitch program](https://www.gccstartup.news/gcc/bahrain/tamkeen-launches-startup-bahrain-pitch-program/): Bahrain The Labour Fund (Tamkeen) announced the launch of a new series of entrepreneurship training programs under the name “StartUp Bahrain Pitch”, that focuses on the fundamentals of fundraising and pitching to investors with the aim of empowering Bahraini entrepreneurs to secure the funds required to grow their startups. These programs are the result of a Team Bahrain collaboration that includes public and private sector ecosystem champions such as the Bahrain Economic Development Board (EDB), Bahrain Development Bank (BDB), Bahrain Entrepreneurship Organization, and StartUp Bahrain alongside key players from the private sector. The programs were designed in collaboration with the partners [&hellip;]
- [Sayyid Badr Hamad Al Busaidi, Foreign Minister - Encourages innovation by supporting youth](https://www.gccstartup.news/gcc/oman/sayyid-badr-hamad-al-busaidi-foreign-minister-encourages-innovation-by-supporting-youth/): Oman Oman&#8217;s Foreign Minister, Sayyid Badr Hamad Al Busaidi speaking said at the 31st Annual Arab-US Policymakers Conference, Washington by the National Council on US-Arab Relations that Oman promotes humanitarian vision by encouraging youth for innovation to develop products and services for sustainable development. He added that the Council’s contribution comes as a measure to foster elaborate and enlightened cooperation that stems from a global humanitarian vision. The dialogue envisages the role that the United States wishes to assume in the modern Arab world, bearing in mind the nature of US commitment towards the security of the region, said Sayyid Badr, [&hellip;]
- [Digital Incubation Center to train 25 new startups](https://www.gccstartup.news/funding/digital-incubation-center-to-train-25-new-startups/): Qatar The Qatari Ministry of Communications and Information Technology&#8217;s (MCIT)-Digital Incubation Center (DIC) has announced 25 startups that won the opportunity to be incubated by the DIC in the sixth edition of IdeaCamp, during a closing ceremony attended by various DIC partners and entrepreneurs. The announcement came after 42 competing startups presented their projects in front of a specialized judging panel. Duha Ali Al Buhendi, DIC’s Acting Manager, said: “On behalf of the Digital Incubation Center and the Ministry of Communications and Technology, I would like to welcome the new incubated startups and hope their journey with DIC will be full [&hellip;]
- [Talkwalker and Khoros release Social Media Trends 2023 report](https://www.gccstartup.news/gcc/talkwalker-and-khoros-release-social-media-trends-2023-report/): UAE Talkwalker, a leading consumer intelligence and deep listening company, and Khoros, an award-winning leader in digital-first customer engagement software and services, today released their annual Social Media Trends 2023 Report. The report follows the announcement of the companies’ strategic partnership to seamlessly deliver deep listening and social media management through a unified experience. The Social Media Trends 2023 Report, titled From insights to action: how to disrupt a disruptive consumer, highlights the social media trends that matter most for brands, marketers, and PR professionals to watch in the coming year. The report leveraged Talkwalker’s social listening and AI-enabled analytics capabilities [&hellip;]
- [MENA Marketers bullish on metaverse, predicting wide-spread adoption](https://www.gccstartup.news/gcc/mena-marketers-bullish-on-metaverse-predicting-wide-spread-adoption/): UAE A new report by Sitecore provides insights into global marketers’ and consumers’ expectations of the metaverse that brands in the Middle East will be watching carefully as they align with the region’s plans to become a major player in this rapidly evolving environment. According to Sitecore’s 2022 Perceptions of the Metaverse report, global intentions to invest heavily are bullish, but there is clear acknowledgment among those surveyed that consumer education is needed and 78% of marketers plan to work harder to educate consumers on the benefits of the metaverse. The survey asked almost 700 global marketers and 2,001 consumers about [&hellip;]
- [invygo raises $10mln Series A round led by MEVP](https://www.gccstartup.news/mena-region/invygo-raises-10mln-series-a-round-led-by-mevp/): UAE invygo, the Middle East’s car subscription pioneer, has announced a $10 million Series A funding led by MEVP. The round also included participation from leading financial institutions, including Al Rajhi Partners, Arab Bank and Amana Capital, Palm Drive Capital and existing global investors Signal Peak Ventures and Knollwood Investment Advisory. The MENA region has one of the lowest global motorization&nbsp;rates&nbsp;because of the lack of financial inclusion. With high upfront costs and restrictive financing, a large part of the population in the region are limited from owning a vehicle. Invygo is on a mission to give access to cars to this [&hellip;]
- [20 Bangladeshi startups qualify for the final round of Huawei ICT Incubator 2022.](https://www.gccstartup.news/global/asia/20-bangladeshi-startups-qualify-for-the-final-round-of-huawei-ict-incubator-2022/): Bangladesh  Two independent jury panels with the cooperation of the strategic partners – Startup Bangladesh Limited and Innovation Design and Entrepreneurship Academy (iDEA) – selected the finalists from 68 startups who participated at the Incubator Bootcamp. The winners of the Bootcamp stage are divided into two groups – Idea Stage and the Early Stage. Each group got ten finalists, said Huawei in a press release. Finalists of the Idea Stage are – Orgavet Medicine, Wastech, InsureCow, SEnergy, Bonik, Durjoy DSS, U-Turn, Krishian Ltd, Fitnation, and Relaxy; and the winners of the Early Stage are – Palki, Bepresent IT, Urban Gaz Limited, [&hellip;]
- [Bangladeshi Startups Stakeholders Discuss 2025](https://www.gccstartup.news/global/asia/bangladeshi-startups-stakeholders-discuss-2025/): Bangladesh Recently, the Bangladesh Securities and Exchange Commission, the Venture Capital and Private Equity Association of Bangladesh, and the World Social Innovation Forum celebrated World Investor Week 2022 by hosting an online discussion event ‘Building A Vibrant Startup Ecosystem’. The World Investor Week 2022 is a week-long, global campaign promoted by the International Organization of Securities Commission. According to the press release the online discussion discussed about improvements or changes in current rules, regulations, and provisions for ameliorating a better and stronger Start-up Ecosystem. The speakers also discussed the vision to create five Unicorns by 2025. ‘Bangladesh’s startup ecosystem is heating [&hellip;]
- [Govt commits Rs. 7,385 crore under Fund of Funds  for Startup India Investment for 88 Alternative Investment Funds  (AIFs)](https://www.gccstartup.news/global/asia/govt-commits-rs-7385-crore-under-fund-of-funds-for-startup-india-investment-for-88-alternative-investment-funds-aifs/): Fund of Funds for Startups (FFS), launched under the Startup India initiative in 2016 by the Prime Minister, Shri Narendra Modi has committed Rs. 7,385 crores to 88 Alternative Investment Funds (AIFs) as of 24th September 2022. These AIFs in turn have invested Rs. 11,206 crores in 720 startups. FFS has been playing a monumental role in mobilizing domestic capital in the Indian startup ecosystem.&nbsp; FFS has announced a corpus of Rs. 10,000 crores. The corpus is to be built up over the 14th and 15th Finance Commission Cycles (FY 2016-2020 and FY 2021-2025) through budgetary support by the Department for [&hellip;]
- [Indian Defense Minister Shri Rajnath Singh launches Acclimatization BootCamp for Defense Startups](https://www.gccstartup.news/global/asia/indian-defense-minister-shri-rajnath-singh-launches-acclimatization-bootcamp-for-defense-startups/): iTIC Incubator at IIT Hyderabad, in collaboration with iDEX DIO (Innovations for Defense Excellence &#8211; Defense Innovation Organization), has designed a unique program to acclimatize relevant civilian tech startups into defense applications. Acclimatization Boot Camp for Defense Startups was launched today by Indian Minister of Defense, Rajnath Singh, at DefExpo 2022 Gandhinagar. The ABC for Defense Startups would be a 4-month long program and would select 10-12 startups in their first cohort. These startups would be connected to the knowledge partners, which include serving and retired armed forces. These mentors would understand the technology of the startup and connect the use [&hellip;]
- [Startup India Innovation Summit 2023](https://www.gccstartup.news/events/startup-india-innovation-summit-2023/): INDIA Startup India would be hosting the &#8220;Startup India Innovation Summit 2023&#8221;. The Startup India Innovation Summit 2023 aims to cement India’s place amongst the leading startup destinations of the world. The Summit is expected to witness global participation from startups, innovators, venture capitalists, angel investors, corporates, incubators, accelerators, academic institutions, and government stakeholders.&nbsp; In addition, the Summit is also expected to propel domestic discourse on emerging technologies and businesses for the public to participate in and experience the thought leadership that India has achieved in the innovation ecosystem in the past few years. The application will be pre-screened by Startup [&hellip;]
- [North Bengal Business Summit 2022 successfully hosted by ThePolicyTimes.com](https://www.gccstartup.news/global/asia/north-bengal-business-summit-2022-successfully-hosted-by-thepolicytimes-com/): Press Release A large no of industry experts and leaders from various sectors, companies, and recyclers came together to attend the “North Bengal Business Summit 2022” on Sunday 18th September 2022 in Malda, West Bengal. In the Inaugural Session, Hon&#8217;ble Minister of State Smt. Sabina Yasmin, Ministry of Irrigation &amp; Waterways and North Bengal Development, Gov&#8217;t of West Bengal was invited as the chief guest and she did the Inaugural Address on How to create an organization in Bengal. As a geographical area and in terms of health, North Bengal is the most advanced. The state government will always help if [&hellip;]
- [U.S. Department of  State Launches Partnership with Google in Indonesia and Vietnam, Pilots  Media Literacy and Google Startup Academy Programs at American Spaces](https://www.gccstartup.news/global/asia/u-s-department-of-state-launches-partnership-with-google-in-indonesia-and-vietnam-pilots-media-literacy-and-google-startup-academy-programs-at-american-spaces/): The U.S. Department of State’s Bureau of Educational and Cultural Affairs (ECA) and Google announced today a new partnership to support education, training, and upskilling in Southeast Asia, with pilot projects in Indonesia and Vietnam getting underway in the coming days. This public-private partnership, which was initially announced by the White House at the recent U.S.-ASEAN Special Summit, underscores the continued emphasis on the valuable role the U.S. private sector plays in international diplomacy and media literacy, as well as the United States’ ongoing commitment to Southeast Asian nations. From October 3-7, 2022, at the American Center in Ho Chi Minh [&hellip;]
- [WebEngage Announces Startup Program for Indonesia and Southeast Asia](https://www.gccstartup.news/global/asia/webengage-announces-startup-program-for-indonesia-and-southeast-asia/): JAKARTA, Indonesia Early-stage B2C startups in Indonesia and Southeast Asia will now have a level playing field to up their retention game and build a growth stack at zero-cost. WebEngage, the leading full-stack retention operating system, has opened applications for the Southeast Asia cohort of the WebEngage Startup Program (WSP). The ambitious program will be helping early-stage startups improve customer retention and engagement, lay strong data foundations, drive actionable insights, increase repeat orders, and understand customers better. In short, the program will help them increase their chances of aggressive yet sustainable growth. B2C Startups operating in the E-Commerce, D2C, EdTech, and [&hellip;]
- [NEXEA to hold Entrepreneurs Summit on October 13th](https://www.gccstartup.news/events/nexea-to-hold-entrepreneurs-summit-on-october-13th/): Malaysia About 510 Startups will be gathering at the Entrepreneurs Summit III in Kuala Lumpur Thursday, October 13 to network with angel investors, venture capitalists, government officials, and corporates. The event aims to bring together the top entrepreneurial minds of Malaysia to pay it forward and share crucial insights and experiences with the upcoming startups of today in the spirit of giving back to the startup ecosystem. The event organized by NEXEA and Digital News Asia is the largest hyperlocal tech startup event for entrepreneurs in Malaysia. MRANTI and Maxis have partnered together with NEXEA as well in a sign of [&hellip;]
- [Exclusive Interview with Khalifa Al Mukheini, Founder & Managing Director SIMPA Marketing Research & Consultancy](https://www.gccstartup.news/gcc/exclusive-interview-with-khalifa-al-mukheini-founder-managing-director-simpa-marketing-research-consultancy/): Khalifa Al Mukheini, Founder &amp; Managing Director of SIMPA Marketing Research &amp; Consultancy, talked with Dr. Tausif Malik, Founder-Editor of the GCC Region’s First Startup &amp; Entrepreneurship Newspaper. Here are the excerpts from the Interview. Dr. Tausif Malik: Before proceeding with the Interview, at the outset I would like you to describe yourself so that our readers get acquainted and know you better. Khalifa Al Mukheini: I’m an Omani national with vast experience living and working internationally. I went to a British boarding school and university followed by working with a global multinational in Australia, the UK, UAE, and Oman. Dr. [&hellip;]
- [Iranian Startups Help Upgrade NIORDC ](https://www.gccstartup.news/mena-region/iranian-startups-help-upgrade-niordc/): Tehran, Iran The National Iranian Oil Refining and Distribution Company has signed contracts with knowledge-based firms in the fields of robotics and smart equipment in Tehran on Thursday, the director of the state-run company said. “Devising smart systems for fuel production and distribution in the key oil sector tops NIORDC’s priority list,” Jalil Salari was also quoted as saying by the Oil Ministry’s news service. Elaborating on the agreement, he noted that the deal is signed with five local startups, namely Takin Microsystem Company, Ideh Kavan Sanat Pardis Company, Yazd Hamgaman Yavar Company, Pergas Mabdaa Parto Company, and the Sharif University [&hellip;]
- [Jordan Startup Expo starts October 19](https://www.gccstartup.news/mena-region/jordan-startup-expo-starts-october-19/): Amman, Jordan The two-day expo is the “number one gathering and only large-scale B2B conference and exhibition in The Hashemite Kingdom of Jordan,” said the organizer, the Future Event. It said the gathering is backed by the ministries of investment and digital economy and entrepreneurship. It said the event will bring together the “country’s most innovative and emerging start-ups to meet and connect with the region’s leading cutting-edge solution providers, Venture Capital firms, Angel Investors, Accelerators, Incubators the start-up ecosystem in Jordan is ranked third in the Middle East &amp; 64th Globally.” The Jordanian StartUp development has both regional and international [&hellip;]
- [‘Bizarre’ Airline Startup: Royal Canadian Airlines to fly to Middle East & Asia](https://www.gccstartup.news/mena-region/bizarre-airline-startup-royal-canadian-airlines-to-fly-to-middle-east-asia/): A new Canadian-based airline called Royal Canadian Airlines is set to take off in 2023, although it is not like any other start-up we have seen lately. Royal Canadian Airlines is one part of the four business enterprises that will be set up in Goderich Municipal Airport (CYGD). The partnership with Royal Canadian Airlines President Waseem Javed of Revival Consulting Inc has a four-part business adventure plan to: Royal Canadian Airlines claims to be an airline startup that will launch operations in 2023. The airline describes itself as “a Canadian-owned and operated airline in the certification process to become one of [&hellip;]
- [Iraqi Angel Investment Network (IAIN) raise over $1m for Iraqi startups](https://www.gccstartup.news/mena-region/iraqi-angel-investment-network-iain-raise-over-1m-for-iraqi-startups/): Baghdad, Iraq KAPITA, a development company that aims to empower SMEs through investments, recently revealed that its Iraqi Angel Investment Network (IAIN), has been successful in assisting six Iraqi firms in raising more than $1 million. The network gathered money for several industries, including agri-tech, last-mile delivery, health care, and e-commerce. This accomplishment highlights the increased interest from angel investors in funding Iraqi entrepreneurs as well as the expanding potential of the country’s digital startup ecosystem. According to IAIN, the network is supported by The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH whereas IAIN was developed with technical assistance from the World Bank. [&hellip;]
- [From wearable payment tech to Saudi disruptors, here are the top things to see at Dubai’s Fintech Surge 2022](https://www.gccstartup.news/gcc/from-wearable-payment-tech-to-saudi-disruptors-here-are-the-top-things-to-see-at-dubais-fintech-surge-2022/): Dubai, United Arab Emirates Fintech Surge 2022, the MENA region’s leading finance and innovation event, is set to return to Dubai World Trade Centre from 10th-13th October 2022 where it will spark new disruption in the Middle East and North Africa’s burgeoning Fintech sector. An integral part of GITEX Global 2022, the world’s biggest tech and startup event of the year which will feature over 5,000 tech and digital companies from 170 countries, the four-day event is poised to be the premier hub for Fintech entrepreneurs, innovators, investors, regulators, and will accelerate the growth of PayTech, WealthTech, InsureTech, and RegTech in [&hellip;]
- [MENA startups see 260% funding increase in August 2022: Wamda](https://www.gccstartup.news/mena-region/mena-startups-see-260-funding-increase-in-august-2022-wamda/): Saudi Arabia Startups in the Middle East and North Africa region saw a 260 percent month-on-month increase in funding in August 2022, according to Wamda’s Monthly report. The sector raised $378 million across 33 deals in August 2022, despite a decrease in the number of agreements. The region saw a 29 percent increase in the funding amount to $2.2 billion in the first eight months compared to from $1.7 billion recorded during the same period last year. August saw a huge increase in the amount raised thanks in part to two fintech mega deals: Tabby’s $150 million loan raise and Tamara’s [&hellip;]
- [COLABS Partners with 60-Day Startups to Mentor Women-Led Startups](https://www.gccstartup.news/global/asia/colabs-partners-with-60-day-startups-to-mentor-women-led-startups/): Karachi, Pakistan COLABS, Pakistan’s fastest-growing flexible workspace, and 60 Day Startups, a business accelerator program for women-led startups, have joined hands for an exciting 6 months partnership. Over the next few months, this collaboration will bring forth a number of initiatives that aim to create avenues for female entrepreneurs in Pakistan and beyond to foster innovation and growth. From online and in-person group discussions, workshops, and more, which would take place at COLABS’ flagship in Gulberg, Lahore, this partnership will give women a chance to develop and strengthen their business models in addition to equipping them to take on every stage [&hellip;]
- [Hub71 Startup GLEAC launches World’s First Utility NFT “Lovely Humans”](https://www.gccstartup.news/gcc/hub71-startup-gleac-launches-worlds-first-utility-nft-lovely-humans/): Abu Dhabi GLEAC, a Hub71 startup offering a mentorship network to help people apply human skills through simulated work situations, announced the launch of the world’s first utility NFT, “Lovely Humans”, allowing users one-on-one time with global industry experts for five hours. The winning bidder can use the time with the industry expert to gain work-related knowledge and advice, solve problems or even try to co-create a new project that can be monetized. The knowledge gained from the discussion can also be minted into a utility NFT that could be co-owned by the buyer and the industry expert. The first round of [&hellip;]
- [Ritossa Family Summit set to attract billions of dirhams in investment to the UAE](https://www.gccstartup.news/gcc/ritossa-family-summit-set-to-attract-billions-of-dirhams-in-investment-to-the-uae/): Dubai, United Arab Emirates In line with HH Sheikh Maktoum bin Mohammed Al Maktoum’s latest program Thabat Venture Builder which aims to boost family businesses’ contribution to GDP to $320 billion by 2032, Sir Anthony Ritossa today announced that he will be hosting the 20th Global Family Office Investment Summit in Dubai on October 18-20, 2022. The event is expected to attract billions of dirhams in investment to the UAE. The Ritossa Summits have so far hosted more than 6,100 world leaders, family offices, investors, and entrepreneurs from over 55 countries, representing $4.5 trillion in wealth. The Summits have raised $2.8 billion [&hellip;]
- [India’s rate of recognizing start-ups per day world’s highest](https://www.gccstartup.news/global/asia/indias-rate-of-recognizing-start-ups-per-day-worlds-highest/): INDIA The Department for Promotion of Industry and Internal Trade (DPIIT) has recognized more than 75,000 startups- a milestone that coincided with 75th year of independence. As India celebrates Azadi ka Amrit Mahotsav, the Indian startup ecosystem continues to be fuelled by innovation, enthusiasm, and entrepreneurial spirit. During the Independence Day speech from the Red Fort on 15th August 2015, Prime Minister Shri Narendra Modi envisioned a new India which taps into the entrepreneurial potential of its people. On 16th January of the following year, the date which has now been declared National Startup Day, a program was initiated to lay [&hellip;]
- [DAFZ enters metaverse by launching METADAFZ in line with Dubai’s Metaverse Strategy](https://www.gccstartup.news/gcc/dafz-enters-metaverse-by-launching-metadafz-in-line-with-dubais-metaverse-strategy/): Dubai, UAE Dubai Airport Freezone (DAFZ), part of Dubai Integrated Economic Zones Authority (DIEZ), is set to announce the launch of METADAFZ, which aims to provide the free zone’s clients with a smooth digital experience in the metaverse. DAFZ will make the official announcement at GITEX 2022, which will take place from October 10-14 at the Dubai World Trade Center. The launch of this initiative aligns with the directives of Dubai’s Metaverse Strategy, which was announced by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council to advance Dubai’s [&hellip;]
- [Batelco expands Global Network Services with neutrality.one](https://www.gccstartup.news/gcc/batelco-expands-global-network-services-with-neutrality-one/): Manama, Bahrain Batelco has signed an agreement with neutrality.one (N1), a cloud networking company that delivers connectivity, communication services and software-defined infrastructure, which will give Batelco access to N1’s extensive global network. N1 offers SD-WAN (Software-Defined Wide Area Network) reach to over 180 countries, cloud connectivity and managed security services. N1 also offers SDN (Software-Defined Networking) over its private network connecting over 120 Points of Presence (PoPs) located in 56 cities. As a result of the collaboration with N1, Batelco’s SD-WAN reach will be greatly enhanced enabling improved services for its business customers. In addition, SDN as a programmable technology will [&hellip;]
- [Viewpoint: Startup Villages & Reverse Migration](https://www.gccstartup.news/global/viewpoint-startup-villages-reverse-migration/): I always focused my career around my parents, I never wanted to leave them for any career opportunity. Whenever I got a career opportunity, I would always take my mother with me. This helped me to be better focused than getting worried about how my parents would be doing alone. This sounds spiritual but in reality, this was a great motivation and comfort. Whenever I was stressed or facing challenges, I would just hug my mom and dad and share with them, their love and care helped me refocus and face the challenges and emerge from the victorious. Wherever I worked [&hellip;]
- [Interview with Mahdi Tabatabaei Yazdi Founder](https://www.gccstartup.news/interviews/interview-with-mahdi-tabatabaei-yazdi-founder-author-illustrator-of-salaam-comics/): As part of the interview series, we interviewed Mahdi Tabatabaei Yazdi Founder, Author &amp; Illustrator of Salam Comics Question: Please introduce yourself and your company.Mahdi Tabatabaei Yazdi: I am Mahdi I grew up in a practicing Muslim family and I have a bachelor&#8217;s degree in architecture. I started Salamcomics as a personal brand but now after 4 years, Alhamdulillah it has become a team. SalamComics is dedicated to publishing faith-inspired books in the language of art. We aim to build bridges between people and spread the message of peace and morality – not just to Muslims, but to humanity at large. [&hellip;]
- [Interview with Faiz Askari, Founder & Editor SMEStreet.in, India’s leading SME News Portal](https://www.gccstartup.news/interviews/interview-with-faiz-askari-founder-editor-smestreet-in-indias-leading-sme-news-portal/): As part of the interview series, Akram Turak interviewed Faiz Askari, Founder &amp; Editor SMEStreet.in, India’s leading SME News Portal &amp; SMEStreet FOUNDATION Question 1. Give a brief background about yourself and your business? Faiz Askari: Came from a Lucknow-based family which has a literary background and completed a post-graduation degree in journalism. Started my journalism career with Hindustan Times, Lucknow edition, and came to New Delhi while getting shifted to business media with CyberMedia. In Delhi, after working with leading newspaper groups like Indian Express, I happen to work with some International media houses as well. Also got a chance [&hellip;]
- [Interview with Akram Hoque, Founder & Editor ThePolicyTimes.com, India’s leading Policy initiative news portal](https://www.gccstartup.news/interviews/interview-with-akram-hoque-founder-editor-thepolicytimes-com-indias-leading-policy-initiative-news-portal/): As part of the interview series, Anis Turak interviewed Akram Hoque, Founder &amp; Editor Founder &amp; Editor ThePolicyTimes.com, India’s leading Policy initiative news portal 1. Give a brief background about yourself and your business? Akram Hoque: I graduated in economics and Masters in Management in my mid-20s, which led to the start of my career in journalism and teaching. My first job gave me a lot of exposure to the industry, policymaking, and stakeholders in foreign diplomacy. In the latter half of my career, I worked with India’s leading industry associations such as the Confederation of Indian Industry (CII) and FICCI [&hellip;]
- [Interview with Mohammed Kateb, CCO of Origin Co](https://www.gccstartup.news/interviews/interview-with-mohammed-kateb-cco-of-origin-co/): As part of the interview series, Akram Turak interviewed Interview Mohammed Kateb, CCO of Origin Co. 1. Give a brief background about yourself and your business? Your Story. I was born in Bath, England, my parents are Egyptian immigrants that settled in the UK in the early 70’s. They were very academic, my father was a Professor in Electrical Engineering at Bath Uni and my mother held a senior position at GSK, but I did not follow their paths, demonstrating entrepreneurism from the age of 11 through my paper round escapades! I was born in Bath, England, my parents are Egyptian [&hellip;]
- [Blockchain Research Institute partners with Saudi IR4LAB to spur Blockchain adoption in KSA](https://www.gccstartup.news/gcc/blockchain-research-institute-partners-with-saudi-ir4lab-to-spur-blockchain-adoption-in-ksa/): Saudi Arabia The Blockchain Research Institute – Middle East (BRI-ME), the exclusive partner of The Blockchain Research Institute, an independent, global think tank, dedicated to exploring and sharing knowledge about the strategic implications of blockchain on business, government, and society co-founded by Dr Don and Alex Tapscott, has signed a partnership agreement with KSA based IR4LAB, a Saudi-based company specialized in disruptive technologies such as Blockchain and Artificial Intelligence, to develop and spread the blockchain adoption in Saudi Arabia and the MENA region. The signing ceremony was held under the auspices of the Saudi Arabia’s Ministry of Communication and IT (MCIT) [&hellip;]
- [Omantel Innovation Labs hosts UK Oman Digital Hub Cybersecurity pilot program for startups](https://www.gccstartup.news/gcc/omantel-innovation-labs-hosts-uk-oman-digital-hub-cybersecurity-pilot-program-for-startups/): Oman Omantel, the leading provider of integrated telecommunication services in the Sultanate of Oman, hosted the UK Oman Digital hub pilot programme to allow Omantel Innovation Labs startups access to deep-dive sessions on cyber security awareness, providing tips on how to protect against supply chain risks, how to develop a cyber security ‘culture’ and on how to test new solutions quickly and securely. The five-week pilot programme, supported by the UK Oman Digital Hub, was delivered by innovation company Plexal and Al Jabr to startups at Omantel Innovation Labs, a key player within the local startup ecosystem. The programme also included [&hellip;]
- [Gel A Licious make nail rings to allow Muslim ladies to wear false nails](https://www.gccstartup.news/global/europe/gel-a-licious-make-nail-rings-to-allow-muslim-ladies-to-wear-false-nails/): UK British nail technician, Karen Boyle, owner of Gel-a-Licious Nails in Bolton, UK is offering a revolutionary new piece of technology to enable Muslim women to wear false nails during Wudu. The Nail Rings can be removed and re-applied quickly and easily. They have been designed to ensure the natural nail does not get damaged in the process. Karen Boyle commented; ‘I am really pleased to be able to offer a solution to support Muslim women who want to wear beautiful nails but need to remove them during Wudu.’ The Nail Rings are made from non-tarnish metal in gold, silver colors [&hellip;]
- [2nd StartUp Bahrain Pitch Showcases Six Ambitious Startups Competing for a Grand Prize](https://www.gccstartup.news/gcc/2nd-startup-bahrain-pitch-showcases-six-ambitious-startups-competing-for-a-grand-prize/): Bahrain StartUp Bahrain, the leading platform for startups in the Kingdom of Bahrain, hosted the second pitching event as part of the StartUp Bahrain Pitch series. In collaboration with key industry stakeholders, including the Ministry of Industry &amp; Commerce, the Labour Fund (Tamkeen), the Bahrain Economic Development Board, and Bahrain Development Bank, the event showcased the Kingdom’s dynamic startup scene.&nbsp; The event showcased six local startups presenting their ambitious ideas to a distinguished panel of regional and local judges, investors and ecosystem leaders. The event provided a unique platform for startups to secure potential investment opportunities and a grand prize for [&hellip;]
- [One Year On - Jusoor's High School Scholarship Makes Strides](https://www.gccstartup.news/mena-region/one-year-on-jusoors-high-school-scholarship-makes-strides/): SYRIA In 2021, the devastating impact of displacement, compounded by the challenges presented by the COVID-19 pandemic, has left displaced Syrian students in Lebanon with limited access to education, shattering their educational aspirations. However, in the face of these adversities, Jusoor&#8217;s High School Scholarship project has been a transformative force for many students at Tuyoor Al Amal School. Providing a Lifeline in Times of Crisis The High School Scholarship project was initiated, as part of our Scholarship Program, in response to the dire situation faced by Syrian students in Lebanon. These students, who had already lost years of vital learning due [&hellip;]
- [Developing Startup Markets among Achievements of INOTEX: Interior Minister](https://www.gccstartup.news/mena-region/developing-startup-markets-among-achievements-of-inotex-interior-minister/): IRAN Ahmad Vahidi, Iran’s minister of interior said that developing startup and knowledge-based companies’ markets in international arenas is among the outcomes of holding the International Innovation and Technology Exhibition (INOTEX). Speaking on the sidelines of the 12th&nbsp;edition of the expo&nbsp;(INOTEX 2023) on Friday afternoon, Ahmad Vahidi stated that the exhibition will encourage Small- and Medium-Sized Enterprises (SMEs) to take advantage of the world’s latest technologies. INOTEX&nbsp;is a venue to display a part of the innovative and technological achievements of knowledge-based companies, he emphasized. INOTEX 2023&nbsp;was inaugurated in Tehran on Tuesday, May 9, in a ceremony addressed by&nbsp;Vice-President for Science and [&hellip;]
- [Dubai International Chamber expands global reach with inauguration of new Indonesia office](https://www.gccstartup.news/gcc/uae/dubai-international-chamber-expands-global-reach-with-inauguration-of-new-indonesia-office/): UAE/Indonesia Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has inaugurated a new international representative office in Jakarta, Indonesia. The launch brings the chamber&#8217;s total number of global offices to 18 across Africa, Latin America, Eurasia, India, and China. The strategic step comes as part of the ‘Dubai Global’ initiative, which was launched by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, with the goal of establishing 50 integrated commercial representative offices worldwide by 2030. The offices will attract foreign investment, talent, and new business to [&hellip;]
- [Bayo Pay Malaysian FinTech company, secures $2.2 million in funding with VentureTECH SBI](https://www.gccstartup.news/funding/bayo-pay-malaysian-fintech-company-secures-2-2-million-in-funding-with-venturetech-sbi/): Malaysia Malaysia based FinTech company Bayo Pay (M) Sdn Bhd has successfully raised $2.2 million in Series A funding, led by venture capital firm VentureTECH SBI Sdn Bhd. Bayo Pay announced that VentureTECH SBI and VentureTECH Sdn Bhd have invested MYR 7 million ($1.52 million) and MYR 3 million ($650,000) respectively in the company. Aznul Abdullah, Chief Executive Officer of Bayo Pay, stated that the investments would be used to support the company&#8217;s expansion plans, including onboarding new clients and promoting its digital services. He added that the funding would also contribute to the company&#8217;s operations and capital expenditure requirements, supporting [&hellip;]
- [Sharakah joins Beehive as new investor](https://www.gccstartup.news/gcc/sharakah-joins-beehive-as-new-investor/): Oman Sharakah, a closed joint stock company incorporated by Royal Decree No. (76/98), has come on board with Beehive, a leading fintech company, as a new investor. Sharakah contributes to SME development in Oman and provides finance to support Oman&#8217;s vision to diversify the economy. Together, Beehive and Sharakah look to help the growth of the SME economy by providing fast, accessible finance. Beehive is a peer-to-peer lending platform headquartered in Dubai, which has funded GCC-based SMEs over AED1.5 billion since inception in 2014. Beehive connects businesses seeking funding with investors, eliminating the cost and complexity of conventional finance. The result [&hellip;]
- [Women and climate: Taking bold action for a sustainable future](https://www.gccstartup.news/gcc/women-and-climate-taking-bold-action-for-a-sustainable-future/): Qatar This global movement aims to harness the collective power of women to drive positive change and build a resilient future for all. The event was made possible through the generous support of Women and Climate (A New York based Not for profit)  The US Embassy Qatar and Birba (An Omani event company supporting industries of the future). Climate change is an existential threat that requires immediate action. Women, particularly those in marginalized communities, are disproportionately affected by its impacts. However, they also possess unique knowledge, skills, and perspectives that can contribute to innovative solutions. Recognizing this, Women and Climate seeks to amplify [&hellip;]
- [WPP partners with NVIDIA to build generative AI-enabled content engine for digital advertising](https://www.gccstartup.news/global/america/wpp-partners-with-nvidia-to-build-generative-ai-enabled-content-engine-for-digital-advertising/): UK/USA NVIDIA and WPP today announced they are developing a content engine that harnesses NVIDIA Omniverse™ and AI to enable creative teams to produce high-quality commercial content faster, more efficiently and at scale while staying fully aligned with a client’s brand. The new engine connects an ecosystem of 3D design, manufacturing and creative supply chain tools, including those from Adobe and Getty Images, letting WPP’s artists and designers integrate 3D content creation with generative AI. This enables their clients to reach consumers in highly personalised and engaging ways, while preserving the quality, accuracy and fidelity of their company’s brand identity, products [&hellip;]
- [Make it in the Emirates addresses industrial decarbonization ahead of COP28](https://www.gccstartup.news/gcc/make-it-in-the-emirates-addresses-industrial-decarbonization-ahead-of-cop28/): UAE Industrial decarbonization was a key theme on the first day of the Make it in the Emirates Forum on Wednesday, where delegates addressed the need to reduce emissions in the manufacturing sector. A panel session titled ‘Industrial Sustainability and the Roadmap Towards COP28’ focused on initiatives being implemented under the UAE’s efforts to enhance industrial sustainability and achieve net zero. &nbsp;&nbsp; COP28 presents a “real opportunity” to review progress, get the world back on course and accelerate the transition to a sustainable economy, His Excellency Majid Al Suwaidi, Director-General and Special Representative of COP28, said. “Our goal is to organize [&hellip;]
- [Sharjah Chamber’s trade mission to India highlights investment opportunities available in Sharjah](https://www.gccstartup.news/gcc/sharjah-chambers-trade-mission-to-india-highlights-investment-opportunities-available-in-sharjah/): UAE The Sharjah Chamber of Commerce and Industry (SCCI) has taken the next step in its trade mission in the Republic of India, staging the &#8220;UAE-India Business Forum&#8221; in New Delhi. The forum discussed the deep-rooted economic ties between the UAE, the Emirate of Sharjah, and India while also highlighting promising business prospects in a multitude of sectors and services in both Sharjah and New Delhi. The high-profile event was attended by HE Abdullah Sultan Al Owais, Chairman of SCCI, and a host of dignitaries including HE Waleed Abdul Rahman Bukhatir, Second Vice Chairman of the Board of Directors, SCCI; HE [&hellip;]
- [RiseBack, UPES to Host Webinar on Online Degree Certificates for Professionals in the Oil &amp; Gas Industry](https://www.gccstartup.news/gcc/riseback-upes-to-host-webinar-on-online-degree-certificates-for-professionals-in-the-oil-gas-industry/): USA/India RiseBack, World&#8217;s first affordable startup edtech platform is delighted to announce an upcoming free online webinar in collaboration with University of Petroleum and Energy Studies (UPES), event will explore the future of online certificate and degree program for the oil &amp; gas programs, shedding light on how they can assist professionals from GCC, Middle East, Malaysia, Africa &amp; Central achieving their organizational goals. The webinar would be held on June 6th, 2023, at 11 am UAE time (3 PM Malaysia), this webinar promises to be an enlightening experience for participants interested in the rapidly evolving field of online education and [&hellip;]
- [Landmark Group Mourns the Loss of Founder Micky Jagtiani](https://www.gccstartup.news/gcc/landmark-group-mourns-the-loss-of-founder-micky-jagtiani/): UAE Prominent businessman Micky Jagtiani, the founder of the retail giant Landmark Group, has passed away, announced the company on Friday. In an emailed statement, the Landmark Group expressed its condolences, stating that Mukesh “Micky” Jagtiani peacefully passed away, surrounded by his loving family. Originally from India, Jagtiani established the business in 1973 with a single store in Bahrain and expanded it into a conglomerate spanning the Middle East, Africa, and India. Headquartered in Dubai, the Landmark Group operates various well-known brands such as Babyshop, Centrepoint, Home Centre, Lifestyle, Splash, Shoemart, and Emax. The news of Jagtiani’s passing prompted an outpouring [&hellip;]
- [Omantel awards contracts to Omani freelance entrepreneurs to support SMEs and freelancers in Oman](https://www.gccstartup.news/gcc/omantel-awards-contracts-to-omani-freelance-entrepreneurs-to-support-smes-and-freelancers-in-oman/): Oman Oman Telecommunications Company “Omantel” signed agreements with a group of young Omani male and female freelancers to award contracts for document archiving services. The initiative aims to support the efforts made by the Sultanate of Oman to keep pace with the rapid developments in the business environment in Oman. The business development efforts, led by the Ministry of Commerce, Industry and Investment Promotion, and Oman Chamber of Commerce and Industry, is intended to enhance the role of individual institutions and companies to contribute to the promotion of the national economy. The agreements were signed by Ghassan bin Khamis Al-Hashar, the [&hellip;]
- [QDB, Microsoft Qatar partner to foster innovation, accelerate startups and SMEs digital transformation](https://www.gccstartup.news/gcc/qdb-microsoft-qatar-partner-to-foster-innovation-accelerate-startups-and-smes-digital-transformation/): Qatar Entrepreneurs and innovators in Qatar will now have access to a wide range of technologies and tools to propel their success thanks to a new partnership between Qatar Development Bank and Microsoft. The partnership aims to accelerate the digital transformation of startups and SMEs and to foster innovation as part of QDB’s integrated efforts to bolster the local entrepreneurship ecosystem and talent pool as well as Qatar’s position as a regional innovation and technology hub. The partnership will enable SMEs to benefit from emerging technologies, leveraging Microsoft Cloud to improve performance, boost productivity, reduce costs, and develop innovative solutions. The [&hellip;]
- [Sharjah Media City "Shams" wraps up the first edition of "Shams Creative Fest"](https://www.gccstartup.news/gcc/sharjah-media-city-shams-wraps-up-the-first-edition-of-shams-creative-fest/): UAE Sharjah Media City &#8220;Shams&#8221; successfully concluded the inaugural edition of the &#8220;Shams Creative Fest,&#8221; a three-day event held at Shams Business Center. The festival witnessed extensive participation from startup owners, craftsmen, and creative artists who showcased their projects and artistic innovations to festival-goers. Sharjah Media City aims to establish a fresh approach to entrepreneurship by embracing innovative ideas that enhance creative industries. The city enables small and medium-sized companies, along with entrepreneurs, to engage in various creative sectors. It promotes the spirit of creative entrepreneurship, stimulates business growth, and fosters a vibrant ecosystem for innovators to thrive, learn, and collaborate. [&hellip;]
- [Qatar Foundation to set up alumni startup accelerator](https://www.gccstartup.news/gcc/qatar-foundation-to-set-up-alumni-startup-accelerator/): Qatar H H Sheikha Moza bint Nasser, the Chairperson of Qatar Foundation, has urged graduates of Qatar Foundation to cultivate friendships among themselves and utilize these relationships to advance innovative ideas and projects. She delivered this message during the annual Alumni Forum, a gathering that brought together numerous alumni from Qatar Foundation&#8217;s extensive educational ecosystem. This ecosystem comprises 13 schools, seven international partner universities, and Hamad Bin Khalifa University. The event aimed to foster reconnections, share stories and experiences, establish networks, and facilitate discussions on various topics such as career pathways and job opportunities. The Alumni Forum, organized as part of [&hellip;]
- [The Islamic Development Bank Group’s (IsDBG)Honors the Winners of Startup Pitch Competition](https://www.gccstartup.news/gcc/the-islamic-development-bank-groups-isdbghonors-the-winners-of-startup-pitch-competition/): Saudi Arabia On the sidelines of the forty-eighth Annual Meeting of the Islamic Development Bank Group (IsDBG) (https://www.IsDB.org) and during the work of the Private Sector Forum in its 11th edition, which is hosted by the city of Jeddah from May 11th to 13th, the group honored the winners of the startup pitch competition after presenting their innovative projects and ideas, which were organized by Private Sector Institutions under the Bank Group, Islamic Corporation for Insurance of Investments and Export Credits (ICIEC), Islamic Corporation for the Development of the Private Sector (ICD), and International Islamic Trade Finance Corporation (ITFC), with the [&hellip;]
- [Islamic Development Bank and partners launch the Lives and Livelihoods Fund 2.0](https://www.gccstartup.news/gcc/islamic-development-bank-and-partners-launch-the-lives-and-livelihoods-fund-2-0/): UAE The Islamic Development Bank (IsDB) and its development partners, the Abu Dhabi Fund for Development (ADFD), the Bill &amp; Melinda Gates Foundation (BMGF) and the Islamic Solidarity Fund for Development (ISFD) today announced the launch of the second phase of the Lives and Livelihoods Fund (LLF 2.0) on the sidelines of the IsDB Annual Meetings 2023. The launch event was attended by the principals of the Fund’s founding partners, including His Excellency Mohamed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development (ADFD), Dr. Chris Elias, President Global Development, Bill &amp; Melinda Gates Foundation (BMGF) and Dr. Hiba [&hellip;]
- [Edtech Startup RiseBack appoints Norita Rahmat to spearhead Malaysian operations](https://www.gccstartup.news/global/asia/edtech-startup-riseback-appoints-norita-rahmat-to-spearhead-malaysian-operations/): USA/India/Malaysia RiseBack, the world&#8217;s first affordable EdTech platform, has announced its launch in Malaysia, with Norita Rahmat appointed as the Country Manager for the region. Norita brings with her extensive experience in business development, venture funding, and marketing, making her well-suited to lead RiseBack&#8217;s expansion efforts in the country. Dr.Tausif Malik, American Indian founder said that &#8220;RiseBack&#8217;s mission is to democratize education by providing affordable and accessible educational solutions to learners of all ages, with a focus on IT education. This is particularly important in Malaysia, where the IT industry is rapidly growing and there is a need for a skilled [&hellip;]
- [Gulf Bank provides Kuwaiti fashion designers with a global reach opportunity](https://www.gccstartup.news/gcc/gulf-bank-provides-kuwaiti-fashion-designers-with-a-global-reach-opportunity/): Kuwait Gulf Bank, in partnership with Oud – one of the region&#8217;s leading fashion and beauty Platform – is launching the second edition of Oud Fashion Talks Conference on May 11, 2023. The conference is set to happen across two days, at the Sheikh Jaber Al-Ahmad Cultural Centre, and is sponsored by Tamdeen Group, Maserati Kuwait, Yeprem Jewelry and Beidoun Company. The second edition of the conference will witness the participation of international and Kuwaiti experts and designers, as well as a large number of investors and journalists specialized in fashion – who will discuss all issues related to the fashion [&hellip;]
- [Female network platform, Women In Leadership Deliver takes on Abu Dhabi](https://www.gccstartup.news/gcc/female-network-platform-women-in-leadership-deliver-takes-on-abu-dhabi/): UAE Female networking platform WILD, launches WILD Abu Dhabi with a special event in partnership with Conrad Abu Dhabi, titled “Leadership 101 &#8211; Harness the POWER within”.&nbsp; Held on Friday, 26th&nbsp;May at Conrad Abu Dhabi Etihad Towers from 8.30 am to 11 am, the event will showcase a diverse line-up of female speakers sharing their personal journeys of harnessing the power within to step up and become powerful leaders in their field. It will also be the launch of the Founding Member phase for the WILD unique and official membership: WILD Women Collective. Participants will get an opportunity to meet and [&hellip;]
- [Saudi Hospitality Startup Amsa Hospitality signs strategic partnership with Accor](https://www.gccstartup.news/gcc/saudi-hospitality-startup-amsa-hospitality-signs-strategic-partnership-with-accor/): Saudi Arabia Accor, a world-leading hospitality group, has signed a master development agreement with Amsa Hospitality, the Saudi startup company redefining Arabian hospitality in both local and international markets, to develop and franchise 18 hotels across second-tier cities within Saudi Arabia over the next ten years. The agreement will see Amsa Hospitality, the Hallmark of Arabian Hospitality, develop a range of Accor’s economy and midscale brands, including ibis Styles, Mercure, Mercure Living, Novotel, Novotel Living, and the recently launchedHandwritten Collection, while also acting as the third-party operator by leasing and franchising the assets. Speaking at a press conference today (Tuesday, 2ndMay) [&hellip;]
- [Snoonu raises $5 million in Series A](https://www.gccstartup.news/gcc/snoonu-raises-5-million-in-series-a/): Qatar Doha-based e-commerce startup, Snoonu has raised $5 million in a Series A investment round led by its strategic partner, Qatar Development Bank (QDB) along with the participation from multiple investors. This investment is one of the largest Series A funding rounds closed by a Qatari startup and will enable Snoonu to rapidly expand its operations across the region. In line with Snoonu’s mission to diversify and enhance its offering to become a comprehensive services app, the newly raised funds will be utilized mostly in R&amp;D for new products, and to support Snoonu’s regional expansion plans. Anticipated new products to be [&hellip;]
- [DIFC enacts new Venture Studio Regulations](https://www.gccstartup.news/gcc/difc-enacts-new-venture-studio-regulations/): UAE Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, today announced theenactment of the new Venture Studio Regulations. This move will establish the first global legal framework for the regulation of venture building, which will aim to promote the growth of innovative start-ups and scale-ups in the region from within DIFC. Venture Studio Regulations Following a 30-day public consultation period, announced in February 2023, the Board of Directors of the DIFC Authority has enacted the Venture Studio Regulations, which supports the DIFC Launchpad by providing a legislative framework for [&hellip;]
- [Tunisian startup Kumulus wins EBRD’s startup challenge](https://www.gccstartup.news/mena-region/tunisian-startup-kumulus-wins-ebrds-startup-challenge/): Tunisia Kumulus, a Tunisian startup operating in water industry, won Tuesday the European Bank for Reconstruction and Development’s startup competition AgVenture aiming at supporting innovative early-stage agribusiness technology ventures in the economies where EBRD invests. The challenge unveiled the names of the winners at EBRD Consumer Rules Summit held in Zagreb, Serbia. Kumulus produces and operates machines replicating the dew phenomenon, sustainably producing fresh water. The company’s website says the venture designs, manufactures, and operates machines that create drinking water using solar power and the humidity in the air. Other two winners include Biftek and Smapp Lab. Biftk, from Turkey, is [&hellip;]
- [Circular Economy Policies Committee reviews implementation strategy of the UAE Circular Economy Policy 2031](https://www.gccstartup.news/gcc/circular-economy-policies-committee-reviews-implementation-strategy-of-the-uae-circular-economy-policy-2031/): UAE H.E. Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the UAE Circular Economy Council, chaired the second meeting of the Council’s Policies Committee for the year 2023. During the meeting, H.E. affirmed that the UAE, in line with its wise leadership’s directives, attaches great importance to the development of an integrated circular economy system in the country through the launch of national policies, initiatives and strategies. These efforts continue to contribute to the UAE’s sustainable economic development, in line with the principles of the 50 and the UAE Centennial 2071 goals, he noted. The meeting reviewed the [&hellip;]
- [Over 100 job positions offered by Sheraa startups, AUS bridging 500+ students with job markets](https://www.gccstartup.news/gcc/over-100-job-positions-offered-by-sheraa-startups-aus-bridging-500-students-with-job-markets/): UAE Over 27 startups by the Sharjah Entrepreneurship Center (Sheraa) offered more than 100 job positions, including full-time, part-time, freelance, and internship opportunities, catering to a broad range of students during “Startup Career Fair 2023” which was organized by Sheraa and the American University of Sharjah (AUS) in partnership with Crescent Enterprises. The Fair brought together over 500 enthusiastic students seeking internships and job opportunities and was held at Sheraa Hub at AUS, featured interactive booths and fireside chats alongside leading innovators and entrepreneurs in the UAE and beyond. Attendees had the opportunity to network and build connections with 27 Sheraa-supported [&hellip;]
- [Binance Charity and Mercy Corps Ventures Have Announced a $1 Million Partnership To Support Inclusive Fintech Startups](https://www.gccstartup.news/funding/binance-charity-and-mercy-corps-ventures-have-announced-a-1-million-partnership-to-support-inclusive-fintech-startups/): USA Binance Charity and Mercy Corps Ventures have partnered to provide up to $1 million in investment capital for high-impact startups utilizing responsible fintech and Web3 solutions to drive financial inclusion and resilience for underserved and low-income groups. Binance Charity, the philanthropic arm of Binance, the world’s largest cryptocurrency exchange platform, will fund Mercy Corps Ventures (MCV), the impact investing arm of the global development agency Mercy Corps. The funding will serve as investment capital for up to five high-impact startups using responsible fintech and Web3 solutions to drive financial inclusion and resilience for underserved and low-income groups. The partnership aims [&hellip;]
- [Industry Development Council meets to discuss enablers, incentives, technology transformation, and net zero](https://www.gccstartup.news/gcc/industry-development-council-meets-to-discuss-enablers-incentives-technology-transformation-and-net-zero/): UAE The fourth meeting of the Industry Development Council (IDC) discussed key national developments in the fields of industry, manufacturing, technology and sustainability. His Excellency Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Chairman of the Industry Development Council, presided over the meeting, during which the &nbsp;Ministry of Finance and&nbsp; Tawazun Council were welcomed as new members. The IDC is dedicated to enhancing the performance and competitiveness of the industrial sector, and to offering quality enablers, incentives and policies to stimulate investment and contribute to national priorities, such as economic diversification and net zero. During the [&hellip;]
- [Diversity in tech: The importance of female leadership in MENA's startup ecosystem in 2023](https://www.gccstartup.news/gcc/diversity-in-tech-the-importance-of-female-leadership-in-menas-startup-ecosystem-in-2023/): UAE According to a report by Wilson Center, only 23% of startup founders in the MENA region are women. These statistics highlight the need for increased support and opportunities for women in tech, especially in leadership roles. In the MENA region, female entrepreneurship is on the rise, with more women starting their own businesses and taking on leadership roles. However, there is still a long way to go to achieve gender parity in the tech industry. A report by the World Economic Forum in 2022 found that it will take 132 years to close the global gender pay gap at the [&hellip;]
- [Jordan: Application Visa Everywhere Initiative for fintech startups News](https://www.gccstartup.news/uncategorized/jordan-application-visa-everywhere-initiative-for-fintech-startups-news/): Jordan Applications are now open in Jordan for the 2023 edition of the Visa Everywhere Initiative (VEI), a global open innovation competition that sees startups pitch their innovative solutions to solve tomorrow’s payment and commerce challenges. In addition to monetary prizes, VEI winners gain access and exposure to Visa’s vast networks of partners in the banking, merchant, VC, and government sectors. The winners also benefit from receiving recognition from one of the world’s most trusted and valuable brands. The Central and Eastern Europe, Middle East and Africa (CEMEA) finals will be livestreamed on July 27 on TechCrunch – a leading online [&hellip;]
- [Egyptian startup launches ‘Khodar Supply’ platform for farmers to market their products online](https://www.gccstartup.news/mena-region/egyptian-startup-launches-khodar-supply-platform-for-farmers-to-market-their-products-online/): Egypt Egyptian startup Khodar.com, specialized in the field of agricultural technology services, has launched its new platform, “Khodar Supply”, to be the first integrated marketing platform for Egyptian farmers, which allows restaurants, cafes, hospitals, hotels, and catering companies to purchase more than 200 varieties of fresh vegetables and fruits with various specifications and high quality. The platform also provides express delivery services to 11 governorates nationwide, with various flexible payment facilities. Based in Alexandria, Khodar.com established in April 2020, with the primary aim of creating marketing channels for Egyptian farmers, by marketing their agricultural crops to food chains and delivery applications [&hellip;]
- [NYU Abu Dhabi Hackathon for Social Good in the Arab World](https://www.gccstartup.news/gcc/nyu-abu-dhabi-hackathon-for-social-good-in-the-arab-world/): UAE NYU Abu Dhabi (NYUAD) will host the 11th edition of the NYUAD Hackathon for Social Good in the Arab World with sustainability as its key theme. The event will take place from April 27-30, and welcomes over 200 students from 24 countries who will leverage Quantum Computing to develop innovative solutions to challenges related to the UN Sustainable Development Goals (SDGs). This hackathon will cover a diverse range of sectors, including health, education, film, music, business, and science. Garnering a reputation that attracts world leaders in the field, this year will see renowned global computer science professors, founders of successful [&hellip;]
- [Sharjah Animation Conference to feature masterclasses with Oscar, Emmy and Annie winners](https://www.gccstartup.news/gcc/sharjah-animation-conference-to-feature-masterclasses-with-oscar-emmy-and-annie-winners/): UAE The Sharjah Book Authority (SBA) is set to host a first-of-its-kind event in the Middle East, the Sharjah Animation Conference, from May 3-5, 2023, at the Sharjah Expo Center, in partnership with Italy&#8217;s Bergamo Animation Days (BAD) festival. The upcoming three-day conference promises to be an enriching experience for anyone with an interest in animation, with a range of masterclasses designed to provide valuable insights and practical tips for industry professionals, aspiring animators, and anime fans alike. The conference seeks to harmonise the interplay of nostalgia and modernity, inviting both the creators of cherished childhood cartoon characters and contemporary animated [&hellip;]
- [Shamsa Al-Falasi, First Emirati Woman to Assume this Role as CEO of Citibank](https://www.gccstartup.news/gcc/shamsa-al-falasi-first-emirati-woman-to-assume-this-role-as-ceo-of-citibank/): UAE Citi announced the appointment of Shamsa Al-Falasi as Chief Executive Officer of Citibank, N.A. UAE Onshore Branch, in the United Arab Emirates (UAE), subject to regulatory approvals. Shamsa will also assume the role of the Chief Administrative Officer (CAO) UAE across all Citi entities operating onshore &amp; offshore in the country. Al-Falasi is a seasoned banker with almost two decades of experience at Citi. She joined the bank as a graduate in 2004 and has since worked across many geographies including Dublin, London and Sao Paulo, before being appointed as Senior Business and Relationship Manager for the MENA and Turkey [&hellip;]
- [Mastercard and DIFC to drive digital transformation by partnering with FinTech companies](https://www.gccstartup.news/gcc/mastercard-and-difc-to-drive-digital-transformation-by-partnering-with-fintech-companies/): UAE Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has signed a strategic collaboration agreement with Mastercard that aims to drive digital transformation through partnerships with innovative FinTech companies. The partnership between DIFC and Mastercard will provide FinTech start-ups and established companies with access to Mastercard&#8217;s network and expertise, as well as DIFC&#8217;s world-class financial ecosystem. The collaboration will focus on creating new payment solutions and digital services, as well as enhancing existing ones. “At Mastercard, we are committed to driving innovation through collaboration between different players in the [&hellip;]
- [Abu Dhabi and Hong Kong discuss collaborations and technology integrations at Digital Economy Summit 2023](https://www.gccstartup.news/gcc/abu-dhabi-and-hong-kong-discuss-collaborations-and-technology-integrations-at-digital-economy-summit-2023/): Hong Kong sia’s flagship innovation and technology event, the Digital Economy Summit (DES) 2023, took place at the Hong Kong Convention and Exhibition Centre (HKCEC) on April 13-14, 2023. Jointly by the HKSAR Government and Cyberport, the two-day summit held in a hybrid format gathered the world’s influential leaders in technology, business, academia, and government, to explore the significance of technological innovations in boosting economic growth and accelerating the formation of resilient and futureproof digital societies. Gabrielle Inzirillo, Head of Ecosystem Development, Financial Services Regulatory Authority at Abu Dhabi Global Market gave a keynote speech at the summit highlighting strong relations [&hellip;]
- [Ahlibank launches Souq initiative aiming to support SMEs](https://www.gccstartup.news/gcc/ahlibank-launches-souq-initiative-aiming-to-support-smes/): Oman Ahlibank, has launched its first Souq initiative aimed at supporting the growth and development of local SMEs. The initiative, which is the first of its kind in the bank&#8217;s history, is part of the bank&#8217;s commitment to aiding the overall socio-economic development in the region and is in line with Oman’s Vision 2040. The ahlibank Souq, part of the bank&#8217;s Ramadan CSR programs, providing a platform for 40 SMEs from different sectors to showcase their products and services, supporting the local community&#8217;s development, youth projects, and female entrepreneurs. This comes as part of the bank’s commitment to support SMEs and [&hellip;]
- [Gulf Bank is launching the second edition of the “Datathon” competition on May 12, 2023](https://www.gccstartup.news/gcc/gulf-bank-is-launching-the-second-edition-of-the-datathon-competition-on-may-12-2023/): Kuwait Following the success of the first edition of the “Datathon” competition last year, which was initiated for those interested in digital data and analytics, Gulf Bank is once again, opening registrations for the second Gulf Bank “Datathon” competition – set to happen on May 12, 2023, at Al Shaheed Park, Phase Two (Multi-Purpose Hall). The bank announced that registration is open until May 9, and the mentoring and learning workshops – which will be held on May 11 – will include three educational workshops: Data Visualization with Tableau, Digital Analytics with Google Analytics, and Data Analysis using Python with ChatGPT. [&hellip;]
- [Miral in partnership with Khalifa Fund for Enterprise Development hosts budding entrepreneurs at Yas Bay Waterfront](https://www.gccstartup.news/gcc/miral-in-partnership-with-khalifa-fund-for-enterprise-development-hosts-budding-entrepreneurs-at-yas-bay-waterfront/): UAE Miral, Abu Dhabi&#8217;s leading creator of immersive destinations and experiences has partnered with Khalifa Fund for Enterprise Development to support local entrepreneurs this Ramadan at Yas Bay Waterfront Nights. The much-anticipated night market and event features over 20 small businesses and artisans, six of which have been supported by Khalifa Fund. Alia Al Mazrouie, CEO of Khalifa Fund for Enterprise Development, said: Khalifa Fund is committed to supporting SMEs and entrepreneurs across a wide array of sectors and creative industries through new and innovative measures. This partnership with Miral provides a unique platform for homegrown small-medium businesses, that are rooted [&hellip;]
- [Sharjah Ramadan Majlis highlights role of startups in promoting sustainability](https://www.gccstartup.news/gcc/sharjah-ramadan-majlis-highlights-role-of-startups-in-promoting-sustainability/): UAE Under the patronage and in the presence of Sheikha Bodour bint Sultan Al Qasimi, President of the American University of Sharjah, the Sharjah Ramadan Majlis 2023 brought together business leaders, senior government officials, entrepreneurs, and changemakers. The event provided them with a platform for dialogue and unifying visions and efforts that promote sustainability values and practices in various sectors and industries and develop environmentally friendly and safe business options for the future of the world. Held under the theme “The Winning Combination: Where Business Meets Sustainability”, the majlis was organized by the Sharjah Development and Investment Authority (Shurooq), Sharjah FDI [&hellip;]
- [Dubai's Museum of Future to host the annual “Machines Can See” summit](https://www.gccstartup.news/gcc/dubais-museum-of-future-to-host-the-annual-machines-can-see-summit/): UAE The magnificent Dubai Museum of the Future will host the annual international ‘Machines Can See’ summit. With the support of Ministry for Artificial Intelligence, Digital Economy and Remote Work Applications and Dubai’s Department of Economy and Tourism, the event scheduled for May 2, 2023, aims to bring together world-renowned experts in Artificial Intelligence (AI) and business. Also in attendance will be the representatives of the MENA investment scene and technology enthusiasts. The summit aims to explore the future of computer vision and machine learning. Participation is free, and delegates may attend the ‘Machines San See’ summit online or in person [&hellip;]
- [86% of MENA employees aim for remote jobs in 2023](https://www.gccstartup.news/gcc/86-of-mena-employees-aim-for-remote-jobs-in-2023/): Egypt Cairo:&nbsp;According to studies, 86% of employees in the MENA region aim to do remote work in the coming year, a recent study has found. The statistic was shared by ALX at the Talent Track during the Startups Without Borders Summit 2023. The summit, held last February in Cairo, was the 4th edition of the international flagship event by Startups Without Borders, which gathered +3000 startups, young professionals and students at Cairo Business Park. Held under the theme “Go Borderless,” the summit offered an overview into the future world of startups, examining going borderless from a wide variety of angles, including [&hellip;]
- [Abu Dhabi encourages Indian Start-Ups to set up business](https://www.gccstartup.news/gcc/abu-dhabi-encourages-indian-start-ups-to-set-up-business/): Abu Dhabi is actively seeking investment opportunities from India and is inviting Indian startups to establish hubs in its capital city to expand its business beyond hydrocarbons. This initiative is expected to not only benefit the local economy but also provide a platform for Indian companies to expand globally. The priority sectors for investment opportunities include tourism, agritech, healthcare, pharma, and financial services. Abu Dhabi is looking forward to welcoming Indian enterprises to explore these opportunities and invest in these sectors. Abdulla Abdul Aziz Alshamsi, the Acting Director General of Abu Dhabi Investment Office (ADIO), has emphasized the importance of growing [&hellip;]
- [EV startup Kabira Mobility raises $50 million from Qatar's Al-Abdulla Group](https://www.gccstartup.news/gcc/ev-startup-kabira-mobility-raises-50-million-from-qatars-al-abdulla-group/): Qatar/India Indian electric two-wheeler manufacturer Kabira Mobility has raised $50 million funding from Qatar-based conglomerate Al-Abdulla Group. Kabira Mobility, a Panjim-based EV startup, will be using the fresh funding for its future growth in India. It plans to ramp up production capacity of its electric bikes KM3000, KM4000, introduce new products and enhance sales infrastructure across the country. The development in EV industry comes soon after when electric vehicle-driven hyperlocal delivery platform Zypp Electric secured $25 million in its Series B round led by Taiwanese EV battery swapping company Gogoro and Bengaluru-based electric bus startup FreshBus raised Rs 26 crore (around $3.1 million) [&hellip;]
- [Beyon Cyber ​​wins the Best Cybersecurity Startup for the year 2023](https://www.gccstartup.news/gcc/beyon-cyber-wins-the-best-cybersecurity-startup-for-the-year-2023/): Bahrain Beyon Cyber, part of the Beyon Group, was honored at the annual Cyber ​​Security Excellence Awards, winning the Gold Award as the Best Cyber ​​Security Startup in the Middle East for the year 2023. It is worth noting that the Cybersecurity Excellence Awards ceremony celebrates the best companies providing cybersecurity services in the world, which demonstrate their excellence, innovation and leadership in the information security sector. Awards are awarded to nominees based on the level of evaluation and feedback provided by members of the cybersecurity community of over 600,000 people, one of the largest groups of certified cybersecurity professionals on [&hellip;]
- [Startups highlight future of green economy in open dialogue on collective responsibility and sustainability](https://www.gccstartup.news/gcc/startups-highlight-future-of-green-economy-in-open-dialogue-on-collective-responsibility-and-sustainability/): UAE In an open dialogue session titled &#8220;The Conscious Council: Our Collective Responsibility,&#8221; hosted by the Sharjah Ramadan Majlis 2023 at the Sharjah Research, Technology, and Innovation Park (SRTIP), business leaders and heads of companies discussed the importance of environmental sustainability and Sharjah&#8217;s achievements in this sector. Participants highlighted Sharjah&#8217;s innovative projects at the local and international levels to manage waste, reduce carbon dioxide emissions, and convert it into energy, while noting the changing customer trends towards environmentally-friendly products and services, and the rising global awareness of the importance of investing in green economic sectors. Organised under the electrifying theme of [&hellip;]
- [Ministry of Transport and Logistics launches Saudi Arabia’s first self-driving electric vehicle](https://www.gccstartup.news/gcc/ministry-of-transport-and-logistics-launches-saudi-arabias-first-self-driving-electric-vehicle/): Saudi Arabia The Deputy Minister of Transport and Logistics, Dr. Rumaih Al-Rumaih, launched the trial phase of ’Dhahaina’ (’Smart’), a new autonomous vehicle (AV) at the Riyadh Business Front. The launch event was intended to boost awareness and increase acceptance of AV technology in society and is the first step in in a longer process that will see the development of AV legislation, regulations, and supporting systems. The AV initiative is in line with the Ministry&#8217;s efforts to facilitate and embrace contemporary transportation systems. In a statement during the event, Al-Rumaih highlighted the Ministry’s embrace of innovative transportation techniques, and its [&hellip;]
- [Zero Two, first-of-its-kind digital assets infrastructure company launches in Abu Dhabi](https://www.gccstartup.news/gcc/zero-two-first-of-its-kind-digital-assets-infrastructure-company-launches-in-abu-dhabi/): UAE Zero Two, Abu Dhabi’s leading digital assets infrastructure company, has launched its operations to cater to the rapidly increasing interest in Web3 technology and its ecosystem. With a unique, fully integrated offering in end-to-end digital assets infrastructure solutions, Zero Two aims to become a trusted partner to companies seeking to capitalize on the broad innovative scope and transformative potential the technology offers. The company’s services range from developing power infrastructure to sourcing and testing latest generation technologies, to building and operating data centres, and providing digital assets management services. As the digital economy continues to mature, digital assets have the [&hellip;]
- [Alibaba Entrepreneurs Fund/HSBC JUMPSTARTER 2023 Open for Application](https://www.gccstartup.news/events/alibaba-entrepreneurs-fund-hsbc-jumpstarter-2023-open-for-application/): Hong Kong Due to the easing of COVID-19 restrictions, JUMPSTARTER 2023 will again host a series of in-person information sessions, including cities in the Greater Bay Area including Hong Kong, Shenzhen, Guangzhou and Zhuhai, as well as Southeast Asia including Singapore and Vietnam.&nbsp;To encourage more talents and drive the development of innovation in the region,&nbsp;successful entrepreneurs and industry experts will be invited to share their entrepreneurial journeys and challenges as well as to examine the current business climate and growth prospects in the market. So far, the information sessions attracted nearly 1,000 start-ups or those interested in JUMPSTARTER. JUMPSTARTER 2023 is [&hellip;]
- [Camel Ventures launches a $16 million fund for Egyptian fintech startups](https://www.gccstartup.news/mena-region/camel-ventures-launches-a-16-million-fund-for-egyptian-fintech-startups/): Egypt Egypt-based Camel Ventures has announced the launch of its first venture capital investment vehicle, Camel Ventures for Investment I (CVI). The EGP 500 million (around $16 million) fund is focused on financing the country&#8217;s fintech startup ecosystem, with a range of equity investments and venture debt in local currency for early-stage and later-stage startups, respectively. CVI is regulated by the Egyptian Financial Regulatory Authority and backed by a diverse group of investors including banks, financial institutions, and family offices from Egypt and the GCC. The management team, which includes Shehab Marzban, Mona El Sayed, and Mahmoud El-Zohairy, partnered with Al [&hellip;]
- [IPA Qatar launches Invest Qatar Gateway](https://www.gccstartup.news/gcc/ipa-qatar-launches-invest-qatar-gateway/): Qatar The Investment Promotion Agency Qatar (IPA Qatar) has launched Invest Qatar Gateway, the first digital platform for investors in Qatar. A free online resource for foreign investors and companies in Qatar, Invest Qatar Gateway facilitates the search for new business partners, business opportunities in the public and private sectors, and resources to support the growth of businesses in Qatar. Via the platform, investors can also explore current tenders and connect with other members on the platform as well as the IPA Qatar Investor Relations team for direct support on setting up or growing their business ventures across sectors. As part [&hellip;]
- [Abu Dhabi's HUB71 marks year of impact with more than 200 startup raising 4.5 Billion](https://www.gccstartup.news/gcc/abu-dhabis-hub71-marks-year-of-impact-with-more-than-200-startup-raising-4-5-billion/): Abu Dhabi Hub71, Abu Dhabi’s global tech ecosystem, increased its community 102 per cent to more than 200 startups in 2022 with 51 new early-stage companies relocating to the UAE’s capital to scale exponentially. By the end of 2022, Hub71 had onboarded startups that have raised almost AED 4.5 billion (US$1.2 billion) collectively in venture capital and created more than 900 jobs since its inception. In a year dedicated to driving impact for startups and Abu Dhabi, Hub71 facilitated 41 POCs for corporate partners valued at AED 160 million (US$ 43.5 million) and enabled founders to save AED 81 million (US$22 [&hellip;]
- [Mastercard Women SME Leaders Awards returns for second edition to celebrate women business leaders across the region](https://www.gccstartup.news/gcc/mastercard-women-sme-leaders-awards-returns-for-second-edition-to-celebrate-women-business-leaders-across-the-region/): SAUDI ARABIA The Mastercard Women SME Leaders Awards will return for its second edition to recognize the achievements of women-owned and run small and medium-sized enterprises (SMEs), and to create role models that inspire the next generation of female entrepreneurs across Eastern Europe, the Middle East, and Africa (EEMEA). Launched in 2022 to empower entrepreneurial women, the awards shine a spotlight on women who are shaping the future of the region. Following a successful event, the 2023 edition will extend to Eastern Europe, where women leaders and their accomplishments through the past year will be rewarded and celebrated. Nominations are now [&hellip;]
- [UAE-based Knowledge Planet acquired by India's Physics Wallah](https://www.gccstartup.news/gcc/uae-based-knowledge-planet-acquired-by-indias-physics-wallah/): INDIA Delhi-based edtech unicorn Physics Wallah has acquired UAE-based startup Knowledge Planet in an undisclosed deal. This marks the first international acquisition by the Indian edtech unicorn. With this partnership, Physics Wallah is looking to expand across the GCC region in the coming year. Further, it will also invest an undisclosed sum in the Dubai-based edtech company. EY acted as the advisor for this deal. A senior investment advisor from EY has confirmed the acquisition in a LinkedIn post.The new entity will continue to grow, and the founders of Knowledge Planet will continue to operate the GCC entity of Physics Wallah. [&hellip;]
- [Azerbaijan issues startup certificates to more SMEs](https://www.gccstartup.news/global/asia/azerbaijan-issues-startup-certificates-to-more-smes/): Azerbaijan Azerbaijani Small and Medium Business Development Agency (SMBDA) under the Ministry of Economy issued start-up certificates to five more SMEs (small and medium-sized enterprises), Trend reports via the agency. According to the SMBDA, the number of SMEs in Azerbaijan that received startup certificates has reached 86. The certificates were issued to: &#8211; Allrent LLC (online platform for house rental) &#8211; Incode LLC (online platform for organization of celebrations and weddings), &#8211; AKIAB LLC (online service and communication platform for business), &#8211; Legalaid LLC (mobile application for legal consulting services), &#8211; Automatikaaz LLC (software for large-tonnage scales). A startup certificate exempts [&hellip;]
- [Türkiye: Startups draw $1.8 Billion](https://www.gccstartup.news/investment/turkiye-startups-draw-1-8-billion/): Türkiye Turkish technology startups drew a total investment of $1.8 billion in 2022 despite a 35 percent decrease in global startup investments, increasing expectations for 2023. According to a report by StartupCentrum, 322 Turkish startups received an investment of $1.8 billion in 2022, slightly up from $1.6 billion the previous year. Istanbul ranked sixth among European cities in attracting startup investment, while coming in the second place behind London in investments in the gaming sector. The gaming industry was the most popular choice for investors, as it was in the previous year, with 30 startups in the sector attracting a total [&hellip;]
- [Public Investment Funds of GCC Countries: An Overview](https://www.gccstartup.news/gcc/public-investment-funds-of-gcc-countries-an-overview/): Dr.Tausif Malik The Gulf Cooperation Council (GCC) countries, comprising Saudi Arabia, Kuwait, Bahrain, Qatar, Oman, and the United Arab Emirates (UAE), are home to several sovereign wealth funds. These funds, collectively known as Public Investment Funds (PIFs), play a critical role in driving economic growth, diversification, and development in the region. In this article, we will take a closer look at each of the PIFs and their investment strategies. The Public Investment Funds (PIFs) in alphabetical order: Bahrain &#8211; Mumtalakat Holding Company: Mumtalakat Holding Company is the sovereign wealth fund of Bahrain, with assets under management of over $17 billion. The [&hellip;]
- [Here are the top EdTech companies to watch out for in the MENA region](https://www.gccstartup.news/gcc/here-are-the-top-edtech-companies-to-watch-out-for-in-the-mena-region/): Here are the top EdTech companies to watch out for in the MENA region: These companies are just a few examples of the innovative EdTech startups emerging in the MENA region. With a young and growing population, there is immense potential for growth and impact in the EdTech sector, as these companies continue to leverage technology to improve access to education and create more personalized learning experiences. Continue Reading: South Asia’s Startup Ecosystem: Opportunities and Challenges in 2022-2023
- [South Asia's Startup Ecosystem: Opportunities and Challenges in 2022-2023](https://www.gccstartup.news/global/asia/south-asias-startup-ecosystem-opportunities-and-challenges-in-2022-2023/): Dr.Tausif Malik The startup ecosystem in South Asia has been steadily growing over the past decade, and the next few years are poised to see even greater growth and innovation. With a combined population of over 1.8 billion people, the potential for startups in India, Pakistan, Bangladesh, Nepal, Sri Lanka, and Afghanistan is immense. India, with its population of 1.3 billion, has been leading the charge in the startup space. In 2021, India saw a record-breaking $20 billion in funding raised by startups, and this growth is expected to continue into 2022-2023. The Indian government has been actively promoting entrepreneurship through [&hellip;]
- [Ajman Chamber Approved "Al Damani" Car, The First Electric Car Made In The Uae, Among Its Cars](https://www.gccstartup.news/gcc/ajman-chamber-approved-al-damani-car-the-first-electric-car-made-in-the-uae-among-its-cars/): Ajman H.E. Abdullah Al Muwaiji, the Chairman of the Ajman Chamber of Commerce and Industry (ACCI), approved &#8220;Al Damani&#8221; car as the first electric car made in the UAE, which belongs to the &#8220;M Glory Electric Vehicle Factory&#8221; in the UAE, among the cars used in the Ajman Chamber, supporting of the national industry, promoting the UAE products, and realizing the vision of the wise leadership to achieve environmental sustainability and in line with the declaration of H.H. Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, may Allah protect him, that 2023 is the &#8220;Year of Sustainability&#8221; in the [&hellip;]
- [Ajman Chamber receives the delegation of the Italian-Czech Chamber of Commerce](https://www.gccstartup.news/gcc/ajman-chamber-receives-the-delegation-of-the-italian-czech-chamber-of-commerce/): UAE As part of the Ajman Chamber of Commerce and Industry’s (ACCI) efforts to develop a renewed global economic relations network that supports opportunities for expansion and business development, and promotes the emirate as an ideal destination for investment,  Mohamed Ali Al Janahi, Executive Director of the Trade Development and International Relations Sector at the ACCI, received Antonio Rotondo, the Chairman of the Italian-Czech Chamber of Commerce in Milan, and his accompanying delegation. The meeting discussed ways of joint cooperation and opportunities to achieve a bilateral partnership that supports the directions and goals of both chambers. This meeting held at the [&hellip;]
- [Deliveroo launches first editions site in Abu Dhabi](https://www.gccstartup.news/gcc/deliveroo-launches-first-editions-site-in-abu-dhabi/): UAE Editions &nbsp;Abu Dhabi will support restaurants in serving new and existing customers after the platform&#8217;s consistent success across multiple locations in Dubai. The new site hosts loved UAE brands including &nbsp;Cali-Poke, Go! Greek, Go! Healthy, The Lighthouse, as well as Simple Burger. Other brands like Nourish, Bowlful and Fuchsia Urban Thai are set to launch in the coming months.&nbsp; The expansion marks a major milestone for the company which was amongst the first to launch off-site kitchens in the UAE in 2017&nbsp; Abu Dhabi, UAE: Deliveroo UAE has announced the launch of its first Editions site in Abu Dhabi. The [&hellip;]
- [KPMG-Bahrain EDB seminar focus on financing start-ups](https://www.gccstartup.news/gcc/kpmg-bahrain-edb-seminar-focus-on-financing-start-ups/): Bahrain Bahrain Economic Development Board (Bahrain EDB) and professional services firm KPMG recently hosted a&nbsp; seminar that discussed the use of financial instruments in financing startups and new business ventures in the Kingdom. The seminar titled &#8220;Interpreting Convertible Notes&#8221; provided key insights on addressing common challenges facing business owners and entrepreneurs, in the likes of raising capital, elaborating on the concept and approach of using and issuing convertible notes in Bahrain as a potential solution for financing. Several legal specialists and field experts took part in the seminar, including Nicolas Ribollet, Partner and Head of Deal Advisory at KPMG; Dr. Jameel [&hellip;]
- [H H Sayyid Bilarab, Honorary President of the Programme for Promising Omani Startups visits Omani startups](https://www.gccstartup.news/gcc/h-h-sayyid-bilarab-honorary-president-of-the-programme-for-promising-omani-startups-visits-omani-startups/): H H Sayyid Bilarab bin Haitham Al Said, Honorary President of the Programme for Promising Omani Startups, paid field visits to a group of Omani startups on Wednesday reports Muscat Daily. The visits reflect the program’s objectives by supporting innovation and technology-based startups, creating an enabling milieu for owners of startups and creative ideas. The visits also aim at viewing the work progress of startups and the challenges facing them. The visits also come as part of the program’s plans for 2023, and one of the themes revealed by the first meeting of the supervisory committee of the Programme for Promising [&hellip;]
- [Egyptian African Business Association Meets with team from African Development Bank Country Office](https://www.gccstartup.news/mena-region/egyptian-african-business-association-meets-with-team-from-african-development-bank-country-office/): EGYPT The African Development Bank’s (http://www.AfDB.org) new Country Manager for Egypt, Abdourahmane Diaw, has received a delegation from the Egyptian African Business Association (EABA). The visit, led by Dr. Yousry El Sharkawy, chairman of the association, took place on 14 March. He was accompanied by Dr. Mohamed Mandour, head of the Government Relations Committee, Mostafa Alamir, Secretary General, and other members, including Arab Contractors Facility Management and Zworld holding. The meeting was a follow up to a February 2023 Industrial and Trade Business Opportunity Forum organized by the African Development Bank in collaboration with the Ministry of Industry and Trade. The [&hellip;]
- [IR4LAB has successfully completed a pilot project to track donation using Blockchain](https://www.gccstartup.news/gcc/ir4lab-has-successfully-completed-a-pilot-project-to-track-donation-using-blockchain/): Saudi Arabia During this holy month of Ramadan, and as part of its social actions, IR4LAB, a Saudi-based company and one of MENA’s leading providers specialized in disruptive technologies such as Blockchain and Artificial Intelligence, has used Blockchain technology to track food packages delivered to recipient families, providing an end-to-end traceability of the entire process. Using DocCerts, its Blockchain solution to issue, sign and verify documents on the Blockchain. IR4LAB was able to generate a unique authenticity card for each package, a unique ID and QR code has then been assigned to the package, allowing the recipient to scan or enter [&hellip;]
- [BIGO Offers Assistance, Resources to Singapore Startups Expanding into MENA Region](https://www.gccstartup.news/gcc/bigo-offers-assistance-resources-to-singapore-startups-expanding-into-mena-region/): SINGAPORE BIGO Technology (BIGO), one of the fastest-growing Singapore technology companies, announced that it will be providing assistance to Singapore startups and small-medium enterprises (SMEs) which are looking to expand into the Middle East and North Africa (MENA) region. BIGO, which first established its MENA hub office in Amman, Jordan in 2019, said that its efforts in empowering SMEs are part of its sustained commitment to developing the technology ecosystem. BIGO&#8217;s initiatives to help Singapore SMEs establish themselves in the Middle East include extending the use of BIGO&#8217;s co-working space and facilities in its MENA office for up to half a [&hellip;]
- [IDSC: Egypt tops list of MENA countries sealing deals with startups in 2022](https://www.gccstartup.news/mena-region/idsc-egypt-tops-list-of-mena-countries-sealing-deals-with-startups-in-2022/): Egypt Egypt has topped the list of Middle East and North Africa (MENA) countries that sealed deals with startup companies last year. The Cabinet’s Information and Decision Support Center (IDSC), in an infographic report Sunday, pointed out that Egypt signed 160 agreements with emerging firms in 2022. Coming second in the list was the UAE with 153 deals, while Saudi Arabia was in the third position with 144 deals. Egyptian companies could collect funds worth $517 million in 2022, the IDSC said. The number of investors contributing to startup firms in Egypt also rose by 30 percent, reaching 160 businessmen in [&hellip;]
- [Tehran hosts 5th edition of Intl. Technology Investment Conference](https://www.gccstartup.news/mena-region/tehran-hosts-5th-edition-of-intl-technology-investment-conference/): IRAN The 5th edition of the International Technology Investment (TIM) meeting kicked off in the Iranian capital, Tehran, with the participation of member states of the D8 Organization for Economic Cooperation. Iranian Vice-President for Science, Technology and Knowledge-based Economy Ruhollah Dehghani told the opening ceremony that one-eighth of the world’s population and 60% of the world’s Muslim population belong to D8 member states, including Iran, Bangladesh, Egypt, Turkey, Indonesia, Malaysia and Pakistan. He said the event is aimed at benefiting from the capacities of D8, or Developing-8, states in the field of technology. The official stressed the importance of bolstering joint [&hellip;]
- [Schneider Electric launches competition seeking disruptive ideas for greener cities](https://www.gccstartup.news/gcc/schneider-electric-launches-competition-seeking-disruptive-ideas-for-greener-cities/): UAE Schneider Electric, a global leader in the digital transformation of energy management and automation, has launched NextGen Go Green – a global student competition seeking disruptive ideas to make cities more sustainable and community-oriented. Buildings represent approximately 30% of total CO2 emissions globally and experts warn that carbon dioxide emissions must reach net zero by 2050 to limit global warming to 1.5°C. Efficiency in buildings is where the key to net-zero transformation lies and Schneider Electric’s competition aims to explore future-forward ideas in this space. It is open to students across the globe who are passionate about sustainable innovation and [&hellip;]
- ['Bankee' program is a success story in promoting financial literacy among school students](https://www.gccstartup.news/gcc/bankee-program-is-a-success-story-in-promoting-financial-literacy-among-school-students/): Kuwait National Bank of Kuwait (NBK) organized a visit to Mohammad Al Shayji Elementary School as part of the executive management’s tour to follow up on the pilot phase of “Bankee” financial literacy program for government and private school students, which was launched in collaboration with the Ministry of Education and Kuwait Anti-Corruption Authority “Nazaha”. Shaikha Al-Bahar, NBK Deputy&nbsp;Group CEO, Ghanem Al-Sulaimani, Assistant Undersecretary for Educational Development and Activities at the Ministry of Education, Yasmine Al-Sharhan, Observer of Cooperation with Civil Society Organizations at “Nazaha”, Sumayah Al-Jasem, Founder, Managing Director at Creative Confidence, were among the visitors. A vast number of [&hellip;]
- [Tanzania: An Investment Destination Jewel in Africa](https://www.gccstartup.news/funding/tanzania-an-investment-destination-jewel-in-africa/): Tanzania Her Excellency, Dr.  Samia Suluhu Hassan, President of the United Republic of Tanzania invites investors to various sectors in Tanzania Economy including, power generation, Information and Communications Technology (ICT) development, like agriculture, construction and real estate, telecommunications, financial services, transportation, manufacturing, mining and petroleum, tourism, energy infrastructure, services and broadcasting. Tanzania is fast becoming one of the world’s best investment hub. Tanzania GDP is steadily improving, from 4.8 percent in 2021 to 5.2 percent in 2022. The World Bank has projected that the country will have a growth of 6.2 percent in the next few years. Moreover, inflation has remained moderate [&hellip;]
- [The 3rd Kuwait and Arab Youth Forum Honors Dr. Abu-Ghazaleh](https://www.gccstartup.news/gcc/the-3rd-kuwait-and-arab-youth-forum-honors-dr-abu-ghazaleh/): Kuwait KUWAIT – Kuwait and Arab Youth Forum, in its third edition, has honored HE Dr. Talal Abu-Ghazaleh, founder and chairman of Talal Abu-Ghazaleh Global (TAG.Global), in recognition of his countless contributions in serving sustainable development and corporate social responsibility at the Arab regional level in general, and the Kuwaiti level in particular. The Forum, held under the theme ‘The Role of Youth in Sustainable Development and Water Preservation’, was organized by the Youth Public Authority in cooperation between the Arab Planning Institute (API) and the Kuwait Water Association (KWA). Holding the Forum translates the parties&#8217; interest in development-related issues and [&hellip;]
- [Saudi Arabia makes major leap forward in women’s entrepreneurship](https://www.gccstartup.news/gcc/saudi-arabia-makes-major-leap-forward-in-womens-entrepreneurship/): Saudi Arabia There are many more women entrepreneurs in Saudi Arabia today than there were six years ago, according to the Prince Mohammed Bin Salman College of Business and Entrepreneurship (MBSC). According to Dr. Muhammad Azam Roomi, who spoke at the Fifth Gulf Businesswomen Forum in Jeddah, women across Saudi Arabia have become major contributors to the entrepreneurial ecosystem, placing the Kingdom fourth among the top countries in entrepreneurship. Held under the patronage of His Royal Highness Prince Khalid Al Faisal, Advisor to the Custodian of the Two Holy Mosques and the Emir of Makkah, the forum was organized by the [&hellip;]
- [Top Filipino engineers and architects in Middle East revealed](https://www.gccstartup.news/gcc/top-filipino-engineers-and-architects-in-middle-east-revealed/): UAE Dubai, UAE: The winners of the inaugural ‘The Filipino Times Watchlist: Top Engineers and Architects in the Middle East’—organised by New Perspective Media (NPM) Group—have been revealed in an international summit and awards event held in Dubai, UAE. A total of 91 Filipino professionals bagged accolades from the Awards that takes immense pride in acknowledging the indelible impact that Filipino engineers and architects have made in the Middle East’s sustainable progress and uplifting the image of the Philippines in the Arab World. The awardees include architects (16), chemical engineers (8), civil engineers (30), electrical engineers (10), electronics &amp; communications engineers (8), [&hellip;]
- [RiseBack.org: How Affordable Online Education from Indian Universities is Helping American Students and Professionals Achieve Their Career Goals](https://www.gccstartup.news/global/asia/riseback-org-how-affordable-online-education-from-indian-universities-is-helping-american-students-and-professionals-achieve-their-career-goals/): Staff Writer RiseBack.org is making it easier for students from around the world to access high-quality education from accredited and recognized Indian universities. By providing affordable and flexible online degree programs, these platforms are helping students avoid the student debt crisis that is currently plaguing higher education in America. With the support of edtech startups like RiseBack.org, students can pursue their career and professional goals without sacrificing their financial future. In recent years, online education has gained widespread popularity across the world, and Indian universities are no exception. Indian universities are now offering affordable online degree programs that can help American [&hellip;]
- [Shape, a Tunisian EdTech Startup raises new funding from Oman Technology Fund](https://www.gccstartup.news/gcc/shape-a-tunisian-edtech-startup-raises-new-funding-from-oman-technology-fund/): Oman/Tunisia The Oman Technology Fund (OTF) has invested undisclosed amount in Shape, a Tunisian EdTech Startup founded 2021 by Rahma Abid. Edtech Shape has developed a digital platform that allows professionals to access continuous learning programs. The platform allows users to develop a personalized training plan that meets their career goals. The startup claims that it has more than 1000 users on its platform. Rahma Abid recently shared her story on her LinkedIn page. Rahma further wrote in her post that she faced new problems as she didn’t have enough resources to have a good product. She applied to the flywheel [&hellip;]
- [KPMG in Kuwait conducts all-women event ProudCast; aims to inspire change in young women](https://www.gccstartup.news/gcc/kpmg-in-kuwait-conducts-all-women-event-proudcast-aims-to-inspire-change-in-young-women/): Kuwait Honoring the contribution of women toward business and to spark inspiration in young women, KPMG in Kuwait organized its women-led event ProudCast on 20 March 2023 at the Four Seasons Hotel in Kuwait. The hybrid event continued to drive the theme for International Women’s Day 2023, i.e., ‘DigitALL: Innovation and technology for gender equality’ and discussed the areas and disparities that might be affecting women’s growth. In her speech, Karen Watts, Partner — Quality and Risk, KPMG in Kuwait, said, “While International Women’s Day has been with us for over a 100 years and much progress has been made, there [&hellip;]
- [Aspiring tech innovators take center stage at QSTP XLR8 demo day](https://www.gccstartup.news/gcc/aspiring-tech-innovators-take-center-stage-at-qstp-xlr8-demo-day/): Qatar Eight aspiring technology startups showcased their innovative solutions in front of a live audience of investors, students, industry experts and fellow entrepreneurs during the much-awaited Demo Day event, for cycle 13 of Qatar Science &amp; Technology Park’s (QSTP) flagship XLR8 program. The event saw the innovators demonstrate the commercial viability of their solutions and gave attendees an opportunity to explore how these tech-based inventions fill a market need. Three promising startups were chosen as winners; Blend-Stocks in first place, Samples Yard in second, and Darbi coming third. Blend-Stocks is an innovative software solution which helps crude oil refineries automate large [&hellip;]
- [Jazeera Airways marks five years of operations in India](https://www.gccstartup.news/gcc/jazeera-airways-marks-five-years-of-operations-in-india/): Kuwait Jazeera Airways, Kuwait’s leading low cost airline, celebrated five years of operations in India and the success of its Thiruvananthapuram route recently. The series of events in Kerala included a luncheon with local trade partners and media in Thiruvananthapuram and Kochi. Crowning the celebrations, Jazeera Airways held an agents awards evening in Kochi to recognize top performing travel trade partners and appreciate their support through the years. In the last five years, Jazeera Airways has expanded from one route to Hyderabad starting in 2017, to eight major cities in the India, including Ahmedabad, Bengaluru, Chennai, Delhi, Kochi and Mumbai. The [&hellip;]
- [SNOOP DOGG ANNOUNCES THE LAUNCH OF PREMIUM COFFEE BEVERAGE COMPANY INDOxyz](https://www.gccstartup.news/global/asia/snoop-dogg-announces-the-launch-of-premium-coffee-beverage-company-indoxyz/): Global music and cultural icon, Snoop Dogg announces the launch of INDOxyz, a premium lifestyle coffee brand created for and inspired by the next generation of entrepreneurs and innovators. The joint venture between Snoop and his co-founder Michael Riady brings together two of the most successful entrepreneurs in the United States and Indonesia. INDOxyz joins an already impressive list of business enterprises helmed by Snoop and marks his first foray into the coffee industry as a brand owner. &#8220;My relationship with coffee goes way back. The many long nights in the studio making hit after hit, coffee provided the fuel which [&hellip;]
- [Pakistan learning platform startup Maqsad raises $2.8M in seed round](https://www.gccstartup.news/funding/pakistan-learning-platform-startup-maqsad-raises-2-8m-in-seed-round/): Pakistan Maqsad, a Pakistan-based edtech, has announced a $2.8 million seed round led by Speedinvest and returning investor Indus Valley Capital. Maqsad said in a statement on Thursday that the oversubscribed round also had participation from Stellar Capital, Alter Global, Johann Jenson (SVP Product at GoStudent) and other strategic angels. The capital from this funding round, which brings Maqsad’s all-time capital raised to $4.9 million and positions the company as Pakistan’s best-funded edtech, will be used primarily to expand the subject offering and supercharge the tech behind the platform. While currently a purely business to consumer (B2C) platform, Maqsad’s long-term vision [&hellip;]
- [Flat6Labs Launches New US$95M Venture Capital Fund to Expand its Impact in Africa](https://www.gccstartup.news/mena-region/flat6labs-launches-new-us95m-venture-capital-fund-to-expand-its-impact-in-africa/): EGYPT Flat6Labs, MENA’s leading seed investor, has announced the launch of a new US$95 million Seed Fund to nurture the growth and development of early-stage tech startups on the African continent. Flat6Labs has a proven track record in carefully vetting out and investing in promising startups in North Africa since it was founded 12 years ago, with more than US$16M invested in startups, and over US$191M raised in follow-on funding while creating more than 2,500 direct jobs and 80,000 indirect jobs through its first two funds in Egypt and Tunisia. Headquartered in Egypt, the Africa Seed Fund (ASF) will focus on [&hellip;]
- [RiseBack Edtech Startup platform’s vision is to promote India as #VishwaGuru (Global Leader) in Education](https://www.gccstartup.news/global/asia/riseback-edtech-startup-platforms-vision-is-to-promote-india-as-vishwaguru-global-leader-in-education/): INDIA RiseBack, World’s 1st affordable Edtech Startup platform promoting Indian Universities online degree programs hosted its first press conference on March 8th, 2023 at the Patrakar Bhavan, Ganjwe Chowk, Navi Peth, Pune, Maharashtra, India. RiseBack is one of the first and only EdTech platform offering Undergraduate &amp; Graduate degree programs and has partnered with leading Indian Universities to offer Affordable Colleges Degree to American Students and the GCC region professionals &amp; students. The objective of RiseBack is to leverage globalization by connecting students with Indian Universities, so they achieve their personal and their family’s dream of going to college. The Indian [&hellip;]
- [Startup Bangladesh invests in OpenRefactory](https://www.gccstartup.news/investment/startup-bangladesh-invests-in-openrefactory/): Bangladesh Startup Bangladesh Limited, the flagship venture capital company of the ICT Division, invested in OpenRefactory, an Application Security company. An agreement was signed recently between the organizations in Dhaka to invest 1 crore BDT in Pre-Series A round. The agreement was signed in the presence of Startup Bangladesh Chairman &amp; Secretary of ICT division MD. Shamsul Arefin, Managing Director Sami Ahmed, Head of Portfolio Investment Hasan A. Arif and Mushfique Manzoor, Managing Director of OpenRefactory and other stakeholders. OpenRefactory is the 1BIG Winner of Bangabandhu Innovation Grant 2021. OpenRefactory protects companies from the security vulnerability and risks of software failure. [&hellip;]
- [Middle East: UNWTO Launch Women in Tech Startup Competition](https://www.gccstartup.news/gcc/unwto-launch-women-in-tech-startup-competition-middle-east/): Announced at Biban 2023, Saudi Arabia&#8217;s largest SME conference, the Women in Tech Startup Competition: Middle East, will further advance UNWTO&#8217;s work to make tourism a pillar of women&#8217;s empowerment. The initiative gives innovators the chance to compete for enhanced capacity building and visibility. Finalists in each category will join the UNWTO Innovation Network, giving them access to the UNWTO Member States network, mentorship programs and to UNWTO scholarship opportunities. Tourism startups have the power and agility to transform the sector in line with the Sustainable Development Goals. Tourism startups are also leading the way in advancing women empowerment, in the [&hellip;]
- [Omani drone startup AirGo set for Saudi expansion](https://www.gccstartup.news/gcc/omani-drone-startup-airgo-set-for-saudi-expansion/): Oman AirGo, an Omani startup in Cohort 2 of Omantel Innovation Labs, is set for expansion into the promising market of Saudi Arabia, with the signing of an investment agreement with Forming Future to raise US$2.7mn seed round funding. AirGo functions as an Unmanned Traffic Management (UTM) System provider of platform-as-a-service that enables businesses, government entities to avoid operating risk, regulatory challenges, and capital expenses associated with drone operations. It specialises in enabling low-altitude drone operations and advising clients on obtaining permits needed to ensure they manage legally and safely their drone operations. The initial agreement was signed during AirGo’s exhibition [&hellip;]
- [USD 6,260,000 investment raised through Beban TV Show](https://www.gccstartup.news/gcc/usd-6260000-investment-raised-through-beban-tv-show/): Inbox Manama, Bahrain &#8211; Hope Ventures, the investment arm of Hope Fund and producers of the entrepreneurship-themed reality television show, Beban, has announced the conclusion of its second season, whereby entrepreneurs pitched for equity investment in front of a panel of regional investors which aired on Bahrain TV, AlRai TV, Dubai TV, and the region’s first and biggest video-on-demand platform, Shahid. Beban was created in alignment with Hope Ventures’ mission of facilitating investment opportunities for promising entrepreneurs with high-potential, scalable businesses alongside strategic investors of the private sector who can accelerate these businesses’ growth into regional and international markets. Through its [&hellip;]
- [Dubai Lynx and Dubai Media City bring the brightest minds and creative talent together](https://www.gccstartup.news/gcc/dubai-lynx-and-dubai-media-city-bring-the-brightest-minds-and-creative-talent-together/): UAE: Dubai’s position as a global creative capital is further highlighted when Dubai Media City, a member of TECOM Group PJSC, and the Dubai Lynx International Festival of Creativity kicked off the region’s largest gathering of marketing and communications creatives. This year&#8217;s edition celebrates creative excellence alongside unique learning and networking opportunities, from the prestigious Lynx Awards to the highly anticipated Dubai Lynx Festival. Bright, creative minds gathered at Madinat Jumeirah from 14 to 15 March to discuss the trends and talent shaping the future of advertising and marketing. The event will offer attendees exclusive seminars, workshops, and inspirational talks from [&hellip;]
- [Renaissance appoints Chief Innovation and Transformation Officer](https://www.gccstartup.news/gcc/renaissance-appoints-chief-innovation-and-transformation-officer/): Oman Renaissance Services has appointed Faris Abdullah Al-Kharusi as Chief Innovation and Transformation Officer, a role that will be a key enabler of Renaissance 2.0. Faris who joined the management team in February 2023 will drive Renaissance’s vision of being a future-ready organisation embracing cutting-edge innovation to deliver its core operations while expanding its domain into emerging business opportunities. Faris comes on board with over 15 years of production-to-retail experience in Europe and the Middle East in developing and delivering complex technology projects. A certified business analyst, Faris has worked with leading organisations such as Shell International in the UK and [&hellip;]
- [The UAE Regulations Lab issues license for Electric Vertical takeoff and landing aircraft Manned](https://www.gccstartup.news/gcc/the-uae-regulations-lab-issues-license-for-electric-vertical-takeoff-and-landing-aircraft-manned/): UAE The UAE Regulations Lab at the General Secretariat of the Cabinet, issued a license for the electric cargo aircraft, with an aim to accelerate the shift towards sustainable and eco-friendly transportation modes and enhance the sustainability of the air cargo industry in the UAE. The newly issued license will contribute to reducing the carbon footprint by encouraging the adoption of clean energy and harnessing the potential of technology and innovation in redefining the future of the logistics sector and its impact on the environment and climate. The issuance of the electric aircraft license comes under the RegLab’s national mission to [&hellip;]
- [Launched Ewayprint App, India's first free printing service app with free delivery ](https://www.gccstartup.news/gcc/launched-ewayprint-app-indias-first-free-printing-service-app-with-free-delivery/): PUNE/INDIAPune-based entrepreneur MOHAMMED Imitiaz HANIF and team launched Ewayprint App India&#8217;s first free printing service, where users get free A4 size documents printed and shipped directly to their homes free in sealed envelop.&nbsp; Mr. Imtiyaz said at the launch that, he felt there is an opportunity to disrupt the printing business, and developed a precursor to the current business model. The startup earlier had developed a vending printing machine and gave it to the shop owners on revenue sharing model. After the soft launch COVID-19 pandemic hit and with constant lockdowns, the team after evaluation thought the best way is to [&hellip;]
- [EDGE group welcomes His Majesty the King of Malaysia at its advanced manufacturing facilities](https://www.gccstartup.news/gcc/edge-group-welcomes-his-majesty-the-king-of-malaysia-at-its-advanced-manufacturing-facilities/): Abu Dhabi, UAE EDGE was honored to receive His Majesty Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah Ibni Almarhum Sultan Haji Ahmad Shah Al-Musta’in Billah, King of Malaysia, at several of its advanced technology and manufacturing facilities including Abu Dhabi Ship Building (ADSB) and CARACAL. The royal delegation was welcomed by H.E Faisal Al Bannai, Chairman of the Board of Directors at EDGE; Mansour Almulla, EDGE’s Managing Director &amp; CEO; a number of senior officials accompanying the King of Malaysia; and other key members of EDGE’s senior leadership team. Continue Reading: https://www.gccstartup.news/featured/launched-ewayprint-app-indias-first-free-printing-service-app-with-free-delivery/
- [DIFC hosts finance summit dedicated to advancing COP28 agenda in the global finance industry](https://www.gccstartup.news/gcc/difc-hosts-finance-summit-dedicated-to-advancing-cop28-agenda-in-the-global-finance-industry/): Dubai Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa, and South Asia (MEASA) region, recently hosted the world’s first finance summit dedicated to advancing the COP28 climate action agenda in the global finance industry. As part of the DIFC-hosted Global Ethical Finance Initiative’s Path to COP28 program, over 500 industry professionals attended the first in a series of summits serving as a platform to drive proactive action in the finance industry to lead the charge on climate change and be at the forefront of accelerating the green transition. The event featured an A-list line-up [&hellip;]
- [Biban 2023: Saudi Arabia’s largest SME conference hosts final round of Entrepreneurship World Cup and other major highlights](https://www.gccstartup.news/gcc/biban-2023-saudi-arabias-largest-sme-conference-hosts-final-round-of-entrepreneurship-world-cup-and-other-major-highlight/): Riyadh, Saudi Arabia Biban, Saudi Arabia’s largest start-up, SME, and entrepreneurship conference, takes place between March 9 and March 13, 2023, at the Riyadh Front Exhibition &amp; Conference Center. Biban held its first edition in 2017, and is organized by Monsha’at, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia. This year, international audiences will benefit from more highlights than ever before, with the forum strongly positioned to foster tangible opportunities. Biban 2023 will host the Global Finals of the Entrepreneurship World Cup (EWC), one of the biggest and most diverse start-up pitch competitions and support programs [&hellip;]
- [IR4LAB joins MCIT Tech Champions Accelerator powered by Plug and Play](https://www.gccstartup.news/gcc/ir4lab-joins-mcit-tech-champions-accelerator-powered-by-plug-and-play/): Saudia Arabia IR4LAB, a Saudi Arabia-based blockchain startup, has joined the Ministry of Communications Information Technology tech champions accelerator program powered by Silicon Valley’s Plug and play. Plug and Play is the largest innovation platform in the world driving innovation in over 20 industries by connecting leading international corporations with the most innovative startups in their respective fields. Since it was founded in 2006, Plug and Play has established a global network for startups and corporations, raising over $9 billion in funding by companies within its community. Plug and Play was an early investor in Google, PayPal, Dropbox, LendingClub, N26, Soundhound, [&hellip;]
- [Kuwait: EnerTech, NEDUET unveil new science and technology park](https://www.gccstartup.news/gcc/kuwait-enertech-neduet-unveil-new-science-and-technology-park/): Kuwait EnerTech, a Kuwaiti state-owned investor and developer in clean energy and sustainable infrastructure, and the NED University of Engineering and Technology (NEDUET) have unveiled the newly completed EnerTech-NED Science and Technology Park. The fully integrated science and technology park, stemming from a robust government-to-government agreement between Kuwait and Pakistan, is poised to become a nexus for technology enthusiasts, visionary entrepreneurs, and multinational corporations. The initiative will set the stage for a collaborative ecosystem that will invigorate innovation, research, and development within Pakistan&#8217;s promising technology sector, simultaneously acting as a catalyst for bolstering the country&#8217;s IT exports. At the core of [&hellip;]
- [Hub71 Enhances Incentive Programme, Offering Up to AED 750,000 to Tech Startups](https://www.gccstartup.news/gcc/hub71-enhances-incentive-programme-offering-up-to-aed-750000-to-tech-startups/): UAE Hub71, Abu Dhabi&#8216;s renowned global tech ecosystem, has unveiled an upgraded Incentive Programme set to provide a substantial boost to startups, with the potential to access up to AED 750,000 in cash and in-kind incentives. This initiative is expected to offer even greater value to disruptive technology companies as they become a part of Hub71&#8216;s thriving community. Under the newly revamped Incentive Programme, christened the &#8220;Company Building Programme,&#8221; startups will benefit from up to AED 250,000 in in-kind incentives, which encompass invaluable support services. Additionally, they will receive AED 250,000 in cash in exchange for equity, facilitating founders&#8217; access to [&hellip;]
- [Central Bank of Oman Launches Ambitious Fintech Strategy to Propel Innovation](https://www.gccstartup.news/gcc/central-bank-of-oman-launches-ambitious-fintech-strategy-to-propel-innovation/): Oman The Central Bank of Oman (CBO) has unveiled an ambitious strategy aimed at cultivating a thriving financial technology (fintech) ecosystem, reaffirming its unwavering commitment to this burgeoning sector. Fintech has emerged as one of the swiftest-growing segments within the global financial services industry, and Oman is no exception to this trend. The CBO&#8217;s groundbreaking initiative, entitled the &#8216;Fintech Framework and Roadmap,&#8217; envisions the development of a dynamic digital financial landscape that fosters innovation driven by technology. This ecosystem is anticipated to ignite competition and diversification within Oman&#8217;s banking and financial services sector. The primary objective of this visionary undertaking is [&hellip;]
- [Iraqi e-commerce startup Orisdi secures bridge investment](https://www.gccstartup.news/mena-region/iraqi-e-commerce-startup-orisdi-secures-bridge-investment/): Iraq Orisdi, the leading vertically integrated e-commerce store in Iraq, successfully concluded a six-figure bridge round of investment in August 2023, fortifying its ongoing business development efforts and recognising the burgeoning potential of the e-commerce sector in Iraq.  The latest investment round witnessed the participation of both new investors and existing shareholders, such as Al Sharqiya TV Group, Amar Shubar, Ahmed Sultani,&nbsp;Naveed Pasha, Hassan Al Shawaf, Zainab Kufaishi, Ahmed Al Kiremli, Ahmed&nbsp; Gorani, Mohammed Faraj, Rayya Al Zubaydi, and Nour Sabri.&nbsp;&nbsp; With this latest round, Orisdi has now raised a total investment exceeding seven figures USD. As a leading vertically integrated [&hellip;]
- [Capifly raises $1 million pre-Seed round](https://www.gccstartup.news/mena-region/capifly-raises-1-million-pre-seed-round/): Jordan Capifly, a Jordan-based technology startup unlocking non-dilutive capital for growth startups empowering the digital economy, is excited to announce its successful $1 million pre-seed funding round. In addition to this milestone, Capifly is in the advanced stages of setting up a $10 million non-dilutive capital facility, with increasing commitments reflecting strong market confidence. Capifly’s capital commitments coincide with its recent expansion into Saudi Arabia, a strategic move to support its growth in the region. Capifly unlocks value in the digital economy by bringing proprietary credit scoring technology to an expansive range of digital sectors – from SaaS, enterprise software, content, [&hellip;]
- [500 Global, ITIDA launch Scale Up Programme in Egypt](https://www.gccstartup.news/mena-region/500-global-itida-launch-scale-up-programme-in-egypt/): Egypt 500 Global, one of the world’s most active venture capital firms, and The Egyptian Information Technology Industry Development Agency (ITIDA) announced Batch 1 of the 500 Global in Egypt Scale Up Programme. The Scale Up Program is a seven-week programme dedicated to Pre-Series A and Series A startups in Egypt. Designed to empower founders through personalised mentorship and growth techniques, the programme sets the stage for their future success. On November 16th, The Scale Up Showcase will celebrate the progress of founders and their companies including Fintech, Martech, Real Estate, Logistics/Supply Chain and more. The event will offer presentations and [&hellip;]
- [Startup20 &amp; Jagriti Foundation unite to launch ‘Global Yatra’, promoting inclusive entrepreneurship across the globe](https://www.gccstartup.news/events/startup20-jagriti-foundation-unite-to-launch-global-yatra-promoting-inclusive-entrepreneurship-across-the-globe/): India Startup20 Engagement Group, under India&#8217;s G20 presidency, has taken another transformative leap towards revolutionizing entrepreneurship across India by collaborating with Jagriti Foundation, a renowned non-profit organization dedicated to fostering robust entrepreneurship ecosystems in Tier 2/3 cities in India. This strategic partnership is poised to reshape the region&#8217;s entrepreneurial landscape significantly. The journey will start from Mumbai on 28th October 2023 and end on 10th November 2023. Within these 14 days, it will span across four mega events hosted in prominent Indian cities, including Bangalore, Vizag, Varanasi, Deoria, Delhi and Ahmedabad among others. Each location has been carefully chosen to showcase [&hellip;]
- [The Family Office Officially Inaugurated its New Fintech Lab in the Presence of CBB Governor](https://www.gccstartup.news/gcc/the-family-office-officially-inaugurated-its-new-fintech-lab-in-the-presence-of-cbb-governor/): Bahrain The Family Office, the leading wealth manager in the GCC, is delighted to announce the official inauguration of its new Fintech Lab at its Bahrain headquarters, in the presence of His Excellency Rasheed Al Maraj, Governor of the Central Bank of Bahrain (CBB). The inauguration coincided with the visit of the company’s board of directors on the 2nd of October. The Fintech Lab is a dedicated space where experts, emerging talents, and visionaries collaborate to develop and implement groundbreaking fintech solutions. Through a combination of data-driven insights, advanced technologies, and user-centric design, The Family Office is set to revolutionize wealth [&hellip;]
- [Omantel Innovation Labs presents the most promising Omani Startups at Cohort 2 Demo Day](https://www.gccstartup.news/gcc/omantel-innovation-labs-presents-the-most-promising-omani-startups-at-cohort-2-demo-day/): Oman Omantel Innovation Labs welcomed a distinguished gathering of investors and entities from Sultanate of Oman and the region to its headquarters, for an inspiring showcase of entrepreneurial talent at the Cohort 2 Demo Day. This event featured nine dynamic startups hailing from various programs, including the Omantel Accelerator, CBO Fintech Accelerator powered by Omantel, and the in-house program &#8220;Fikra&#8221; designed exclusively for Omantel employees. The Demo Day was a testament to Omantel Innovation Labs&#8217; commitment to nurturing innovation, fostering connections, and accelerating the growth of promising startups. It provided a unique platform for these emerging companies to present their cutting-edge [&hellip;]
- [Egypt's Financial Regulatory Authority Facilitates Startup Financing with New Rules](https://www.gccstartup.news/mena-region/egypts-financial-regulatory-authority-facilitates-startup-financing-with-new-rules/): Egypt In the month of August, in a significant move to foster economic growth and support the burgeoning startup ecosystem, the Egyptian Financial Regulatory Authority (FRA) has unveiled a fresh set of regulations designed to streamline the process of securing funding for startups. These groundbreaking rules encompass various stages of a startup&#8217;s journey, from its pre-profitability phases to post-investor exit strategies. One of the key innovations introduced by the FRA is the utilization of the venture capital valuation method. This method employs a meticulous approach to estimating a startup&#8217;s potential value, taking into account essential parameters such as projected exit value [&hellip;]
- [GITEX Global, Expand North Star 2023 centre world’s attention on booming AI economy](https://www.gccstartup.news/gcc/gitex-global-expand-north-star-2023-centre-worlds-attention-on-booming-ai-economy/): UAE Dubai will unleash a new era of global AI dominance next week, as the UAE hosts the world’s largest tech and start-up show, converging the best minds, future-focused governments, and most advanced companies to redraw the boundaries of the AI economy and shape the future of the globe’s next big technology shift. &nbsp; For the first time, GITEX GLOBAL – independently rated globally as the best tech show in the world – shall take place in two mega venues as its 43rd edition prepares to welcome 6,000 exhibitors and 180,000 tech executives from 180 countries from 16-20 October 2023 at [&hellip;]
- [Dubai AI and Web3 Campus aims to equip all businesses in Dubai with AI capability](https://www.gccstartup.news/gcc/dubai-ai-and-web3-campus-aims-to-equip-all-businesses-in-dubai-with-ai-capability/): UAE The Dubai AI and Web3 Campus has launched an Artificial Intelligence Transformation Programme (“The Programme”), a highly customisable sector agnostic corporate accelerator, to help future-proof businesses in the region by enhancing their Artificial Intelligence (AI) capabilities. The initiative will further help elevate Dubai’s abilities to compete at a global scale to harness talent, innovation, and grow its economy. Designed for businesses of all sizes, the programme provides C-level coaching on industry trends to enable organisations to stay ahead of competitors by adopting the latest in AI and technology innovation. The initiative will also facilitate partnerships with start-ups and industry giants [&hellip;]
- [Nokia opens 6G Lab in India](https://www.gccstartup.news/global/asia/nokia-opens-6g-lab-in-india/): INDIA Nokia announced that it has established a 6G Lab at its Global R&amp;D center in Bangalore, India. The first-of-its-kind project aims to accelerate the development of fundamental technologies and innovative use cases underpinned by 6G technology that will address the future needs of both industry and society. The Lab was inaugurated virtually by the Hon’ble Minister of Railways, Communications, Electronics &amp; IT, Government of India, Mr Ashwini Vaishnaw. Nokia’s 6G lab supports the Government of India’s ‘Bharat 6G Vision,’ introduced by Prime Minister Narendra Modi, that envisions a key global role for India in the standardization, development, and implementation of [&hellip;]
- [Saudi-Based HR Platform Jisr Closes $30 Million Series A Round](https://www.gccstartup.news/gcc/saudi-based-hr-platform-jisr-closes-30-million-series-a-round/): Saudi Arabia Jisr, the largest human resources platform based in Saudi Arabia, has closed a $30 million Series A round from Merak Capital, an investment firm that focuses on technological opportunities. The round is considered the largest Series A investment for a Software-as-a-service company in the Middle East. &#8220;Through Merak&#8217;s investment in Jisr, our goal is to advance the modern HR technology system. We aim to achieve this by developing products that enhance every aspect of HR operations, from recruitment and management to payroll processing, all seamlessly integrated with various platforms,&#8221; Mohammed Akkari Al-Johi, Founder and CEO of Jisr, tells StartupScene. [&hellip;]
- [Qatar University and HyperThink Systems announce 2nd edition of Startup Awards](https://www.gccstartup.news/gcc/qatar-university-and-hyperthink-systems-announce-2nd-edition-of-startup-awards/): Qatar Qatar University (QU) represented by the Center for Entrepreneurship and Organizational Excellence (CEOE), College of Business &amp; Economics, and HyperThink Systems are thrilled to announce the launch of the second edition of the prestigious Entrepreneurship Award for Innovation and Excellence in Startups. This award recognizes and honor the ingenuity and entrepreneurial spirit of Qatari-founded companies, regional startups, and exceptional QU students and faculty. With the aim of fostering innovation and nurturing budding entrepreneurs, the second edition of the Entrepreneurship Award features an expanded lineup of categories to celebrate the diverse achievements within the startup ecosystem. Categories for the Second Edition: [&hellip;]
- [QSTP-Funded Startup Launches Unique Web-Based Travel Booking Management System](https://www.gccstartup.news/gcc/qstp-funded-startup-launches-unique-web-based-travel-booking-management-system/): Qatar Qatar Science &amp; Technology Park (QSTP) announces the launch of ViaVii Plus, a comprehensive Software-as-a-Service (SaaS) platform designed for Middle East and North Africa (MENA) region’s travel experience creators, workshop providers, tour guides, and tourism companies offering unique activities to travelers and locals. ViaVii Plus, developed by QSTP-incubated startup ViaVii, offers a seamless and intuitive booking management system and zero-code website builder, empowering service providers to manage and sell top-notch experiences in the region. The platform – available in both English and Arabic – helps simplify the complexity and cost of developing and maintaining tours and activities websites and provides [&hellip;]
- [Launch of India-Kingdom of Saudi Arabia Startup Innovation Bridge &amp; India-Taiwan Startup Innovation Bridge](https://www.gccstartup.news/gcc/launch-of-india-kingdom-of-saudi-arabia-startup-innovation-bridge-india-taiwan-startup-innovation-bridge/): Startup India unveiled two international bridges, further strengthening global innovation connections. At the India-Saudi Investment Forum, Mr. Piyush Goyal, Minister of Commerce and Industry, and his Saudi Arabian counterpart, Minister of Investment Mr. Khalid A. Al-Falih, inaugurated the India-Kingdom of Saudi Arabia Startup Innovation Bridge. Additionally, the India-Taiwan Startup Innovation Bridge was launched by Mr. Sumeet Jarangal, Director of DPIIT, in collaboration with the Industrial Technology Research Institute (ITRI), a prominent applied technology research centre in Taiwan. ITRI’s primary objective is to propel industrial progress, generate economic value, and enhance societal well-being through technology research and development.  These initiatives have expanded [&hellip;]
- [Oman Sustainability Week Awards 2024 set to recognise leading organisations](https://www.gccstartup.news/gcc/oman-sustainability-week-awards-2024-set-to-recognise-leading-organisations/): Oman Oman Sustainability Week (OSW) Awards 2024, a prestigious event co-organised by Oman Environmental Services Holding Company, “be&#8217;ah” and CONNECT, is set to recognise and celebrate outstanding sustainability achievements during the highly anticipated Oman Sustainability Week (OSW) 2024. The OSW Awards aligns with the Oman Sustainability Index (OSI) that is used to rate performance in environment, society and governance (ESG). The OSI in the context of the OSW Awards will have a dual purpose in evaluating organisations. Firstly, it will aim to provide an assessment platform, allowing companies to gauge their sustainability performance and integrate ethical practices into their corporate strategies. [&hellip;]
- [Dubai Chamber of Digital Economy to host global tech and startup communities at Expand North Star](https://www.gccstartup.news/gcc/dubai-chamber-of-digital-economy-to-host-global-tech-and-startup-communities-at-expand-north-star/): UAE Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers,is gearing up to welcome the global business community to Expand North Star, the world&#8217;s largest gathering of startups and investors. Dubai Chamber of Digital Economy’s flagship event will take place at Dubai Harbour from 15 &#8211; 18 October 2023 and is set to connect the world&#8217;s most sought-after startups with innovators, investors, entrepreneurs, and the founders of global success stories. Together, participants will seek to leverage the exciting growth opportunities emerging in Dubai and catalyse the future of the digital economy. The global [&hellip;]
- [VC funding in India startups down by 71.5% YoY to $4.9 billion](https://www.gccstartup.news/investment/vc-funding-in-india-startups-down-by-71-5-yoy-to-4-9-billion/): UK India’s startup-focused venture capital (VC) funding space underwent significant changes in the first eight months of 2023. During this period, 734 VC funding deals were announced, amassing a total of $4.9 billion. While there was a year-on-year (YoY) decrease in both deal volume and value compared to the same period in 2022, the decline was more substantial in terms of funding value, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Financial Deals Database reveals that VC funding deal volume recorded 42% YoY decline over 1,266 VC funding deals announced during January-August 2022. Meanwhile, the corresponding [&hellip;]
- [Sharakah Revolutionizes Oman's SME Landscape, Paving the Way for Economic Prosperity](https://www.gccstartup.news/gcc/sharakah-revolutionizes-omans-sme-landscape-paving-the-way-for-economic-prosperity/): Oman Sharakah, a major entity in Oman’s entrepreneurial arena, has ushered in significant transformations within Oman&#8217;s SME (small and medium enterprises) ecosystem.&nbsp; This is done through its innovative approach, strategic collaborations, awareness-raising initiatives, focus on emerging industries, and unwavering alignment with national goals.&nbsp; These transformations have culminated in an improved and dynamic ecosystem that empowers startups and SMEs to thrive, ultimately driving economic growth and ensuring a prosperous future for Oman. Backbone of economies Ali bin Ahmed Muqaibal, CEO of Sharakah says: “SMEs are recognised globally as the backbone of economies. Their agility allows them to stand out. With limited capital [&hellip;]
- [ClearPier acquires UAE’s MQuest for $35 million](https://www.gccstartup.news/uncategorized/clearpier-acquires-uaes-mquest-for-35-million/): UAE ClearPier, one of the world’s leading performance advertising technology companies is acquiring UAE-based Media Quest Group (MQuest) for $35M. The deal is the latest in Clearpier’s strategic sequence of acquisitions, beginning with its May 2022 acquisition of advertising technology company, PubPlus for $60M, followed by Cygobel for $40M and Hang My Ads, for $35 million, both in Q4 2022. The company has persistently expanded its data and tech-driven performance marketing capabilities to serve clients globally – and with the MQuest acquisition, it further strengthens its offering in not only North America but also across GCC and Europe. With the addition [&hellip;]
- [Dubai Chambers launches new Mohammed Bin Rashid Al Maktoum Business Award](https://www.gccstartup.news/gcc/dubai-chambers-launches-new-mohammed-bin-rashid-al-maktoum-business-award/): UAE Dubai Chambers has launched the Mohammed bin Rashid Al Maktoum Business Award in its new reimagined form, which introduces a series of enhancements to the award model, evaluation mechanisms, and award categories. Established under the umbrella of Mohammed bin Rashid Al Maktoum Global Initiatives, the award represents the highest level of recognition for the contributions of organisations to the sustainable development of Dubai’s dynamic business community. Organised under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the new award was launched during a special ceremony [&hellip;]
- [USAID, ITIDA graduate third cohort of Startups Accelerator Programme](https://www.gccstartup.news/mena-region/usaid-itida-graduate-third-cohort-of-startups-accelerator-programme/): Egypt An Expo celebration took place today in the presence of the new USAID Mission Director in Egypt, Sean Jones, and USAID’s Chief Innovation Officer, Mohamed Abdel-Kader, to celebrate the 23 startups that have graduated from Cohort 3 of the Sultan Hussein Kamel Innovation Hub in Cairo, Egypt. Jones delivered remarks congratulating the startups and reiterated the long-term partnership between the Government of Egypt and the U.S. and how supporting the entrepreneurship space is key to Egypt’s road to achieving the objectives of Egypt’s Vision 2030.&nbsp; Entrepreneurs engaged with the USAID Mission Director on strategic priorities related to USAID’s plans for [&hellip;]
- [Tamkeen supports EO Accelerator Program in Bahrain](https://www.gccstartup.news/gcc/tamkeen-supports-eo-accelerator-program-in-bahrain/): Bahrain Tamkeen (The Labour Fund, Bahrain) signed an agreement with Entrepreneurs’ Organization Bahrain Chapter (EO Bahrain), aimed at empowering Bahraini entrepreneurs to expand their businesses through the latest edition of the EO Accelerator Program. The program provides comprehensive advisory support and networking opportunities tailored to the needs of entrepreneurs, and it has a proven track record of helping numerous entrepreneurs increase their revenues by the end of the two-year program. This initiative provides an opportunity for promising Bahraini businesses to enhance their productivity and increase their profitability through both training and advisory aimed at helping them reach revenues upward of USD [&hellip;]
- [Sheraa CEO, Najla Al Midfa, wins prestigious Arabian Business Arab Woman Award for Entrepreneurship](https://www.gccstartup.news/gcc/sheraa-ceo-najla-al-midfa-wins-prestigious-arabian-business-arab-woman-award-for-entrepreneurship/): UAE In a glittering ceremony held at the Jumeirah Mina A&#8217;Salam Hotel in Dubai, the Arabian Business Arab Woman Awards 2023 recognised and celebrated exceptional women who have made significant contributions to various fields. Among the distinguished winners, Najla Al Midfa, CEO of the Sharjah Entrepreneurship Center (Sheraa), received the coveted Arabian Business Arab Woman Award for Entrepreneurship. This prestigious accolade is a testament to Al Midfa&#8217;s relentless dedication to fostering entrepreneurship in the Arab world and her true commitment to empowering founders and innovators. Najla Al Midfa: Pioneering entrepreneurship in the Arab world Najla Al Midfa&#8216;s passion for entrepreneurship has [&hellip;]
- [Ministry of Economy organizes the largest family businesses event bringing four generations together](https://www.gccstartup.news/gcc/ministry-of-economy-organizes-the-largest-family-businesses-event-bringing-four-generations-together/): UAE The Ministry of Economy (MoEc) organized a ceremony to honor the first batch of ‘Thabat’ family business program in Dubai. The ceremony was held in the presence of H.E. Abdulla bin Touq Al Marri, Minister of Economy; H.E. Abdul Aziz Al Ghurair, Chairman of Dubai Chambers and Chairman of the Family Business Council – Gulf; H.E. Hessa bint Essa Buhumaid, Director General of Dubai’s Community Development Authority; Abdullah Mohamed Al Mazrouei, Chairman of the Federation of UAE Chambers and Chairman of Abu Dhabi Chamber of Commerce and Industry; Rashed Abdul Karim Al Balooshi, Undersecretary of the Abu Dhabi Department of [&hellip;]
- [RiseBack Launched in Indonesia to propel Tech Entrepreneurship, foster lucrative Tech Careers](https://www.gccstartup.news/events/riseback-launched-in-indonesia-to-propel-tech-entrepreneurship-foster-lucrative-tech-careers/): USA/India/Indonesia RiseBack.org, World’s 1st affordable education a pioneering force in youth empowerment and innovation, proudly announces its official launch in Indonesia. The organization’s commitment to fostering creativity, problem-solving, and cross-disciplinary collaboration will play a pivotal role in shaping Indonesia’s future as a tech-driven economic powerhouse. Rise N Start Ignite, Indonesia’s First Startup Pitch Competition For Students, a trailblazing Startup Pitch Competition from RiseBack.org, is at the forefront of shaping Indonesian youth into tech trailblazers and budding startup leaders. Aligned with the Indonesian government’s vision of fostering innovation-driven economic expansion, this event strategically leverages affordable IT education and training. Embracing sustainable development, [&hellip;]
- [Flat6Labs launches StartMashreq Growth Track programme to nurture 24 startups](https://www.gccstartup.news/mena-region/flat6labs-launches-startmashreq-growth-track-programme-to-nurture-24-startups/): MENA Region Flat6Labs, the Mena region’s leading seed and early-stage venture capital firm, announced the selection of&nbsp; 24 startups for its StartMashreq Growth Track programme. The startups &#8211; founded in Jordan, Lebanon and Iraq &#8211; operate in diverse sectors such as fintech, healthtech, e-commerce, and agritech, also including 5 startups co-founded by female entrepreneurs, operating in edtech, energy tech, and proptech.&nbsp; The startups collectively generate a total annual recurring revenue of $20.8 million and have raised a total of $38.5 million along with creating around 700 direct job opportunities across the three countries. By joining the StartMashreq Growth Track programme, they [&hellip;]
- [ariika raises Series A round from Beltone for 20 percent stake](https://www.gccstartup.news/mena-region/ariika-raises-series-a-round-from-beltone-for-20-percent-stake/): Egypt ariika, a leading direct-to-consumer, digital-led home and décor brand, announces the successful conclusion of its Series A equity funding round, secured from Beltone Venture Capital, a subsidiary of Beltone Financial Holding, through acquiring a 20% stake in the company. This strategic investment marks an important milestone for ariika, boosting its growth momentum and accelerating its regional expansion across the Mena region, starting with the Kingdom of Saudi Arabia planned for 4Q2023. ariika is transforming a $20 billion home and décor industry in Mena, growing at a compounded annual growth rate (“CAGR”) of c.10% per annum, by consolidating a fragmented market [&hellip;]
- [Xpence &amp; neoleap team up to support the SMEs landscape in the Kingdom of Saudi Arabia](https://www.gccstartup.news/gcc/xpence-neoleap-team-up-to-support-the-smes-landscape-in-the-kingdom-of-saudi-arabia/): Tapping into its fast-growing SMEs landscape, Xpence &#8211; the leading financial management platform with integrated Visa card solutions across the Middle East, North Africa, and Pakistan regions &#8211; announces a new strategic partnership with the Global Financial Digital Solutions Company, Neoleap. This collaboration aims to bring Xpence&#8217;s innovative solutions and services to Saudi Arabia. Under this partnership, Xpence will extend its services in the Saudi market, enabling SMEs and corporate customers with its spend management platform that integrates with Visa cards. Moreover, this mutual partnership will empower Neoleap with other technologies to widen their offerings and services to more clients in [&hellip;]
- [Oman Collaborates with Startup Genome Foundation to Boost Startup Culture](https://www.gccstartup.news/gcc/oman-collaborates-with-startup-genome-foundation-to-boost-startup-culture/): Oman In recent years, Oman has witnessed a burgeoning startup culture, showcasing impressive growth. Despite this positive trajectory, the collective market value of Omani startups currently hovers at around US$300 million. To address the challenges and cultivate a thriving entrepreneurial landscape, Oman has embarked on a promising partnership with the US-based research and advisory firm, Startup Genome Foundation, renowned for its expertise in innovation policy. On a significant note, a delegation from Startup Genome recently presented its invaluable insights during a meeting with officials from the Authority for Small and Medium Enterprises Development (ASMED), chaired by Halima bint Rashid al Zaria. [&hellip;]
- [Arab Youth Center concludes second edition of the ‘Negotiation Skills Bootcamp - Cohort 52’](https://www.gccstartup.news/gcc/arab-youth-center-concludes-second-edition-of-the-negotiation-skills-bootcamp-cohort-52/): UAE The Arab Youth Center concluded the second edition of the ‘Negotiation Skills Bootcamp &#8211; Cohort 52’, yesterday in Abu Dhabi, under the umbrella of the ‘Young Arab Diplomatic Leaders’ program. The camp was organized by the center, in collaboration with the European Union Delegation to the UAE, COP28 Youth Champion Team, International Renewable Energy Agency (IRENA), World Wildlife Fund (WWF), and the Environment Agency &#8211; Abu Dhabi (EAD). The bootcamp witnessed dozens of intensive workshops and panel discussions that focused on improving the policy-making and negotiation skills of 52+ young men and women working in the UAE government, particularly with [&hellip;]
- [Georgetown University in Qatar unveils Hiwaraat Conference Series](https://www.gccstartup.news/gcc/georgetown-university-in-qatar-unveils-hiwaraat-conference-series/): Qatar Georgetown University in Qatar (GU-Q) is preparing to lead a series of discussions on shared global challenges and the geopolitical events shaping today’s world. Dubbed the Hiwaraat Conference Series, after the Arabic word for dialogues, the inclusive platform brings together scholars, policymakers, diplomats, and government officials from around the world to contribute innovative solutions to a wide range of global and regional issues. The series will cover a variety of themes ranging from the 2003 Iraq war, the history of Islamophobia and its current iterations, and the ongoing challenges surrounding Afghanistan, to the future of water security in the Gulf [&hellip;]
- [Google launches new initiative to support Palestinian tech entrepreneurs](https://www.gccstartup.news/mena-region/google-launches-new-initiative-to-support-palestinian-tech-entrepreneurs/): Palestine Google announced today the launch of the Palestine Launchpad program, a capacity-building program aimed at helping Palestinian graduates, app developers and tech entrepreneurs advance their digital skills and find employment.  This is part of the $10 million initiative announced by Google in March 2022 to support the Palestinian tech ecosystem to advance its digital skills and find jobs. Palestine Launchpad is co-designed with Udacity, a market leader in talent transformation, and SPARK, an international NGO that offers higher vocational education and entrepreneurship development. The program which starts in 2023 until 2026, aims to graduate 3500 Palestinians from the West Bank, [&hellip;]
- [Endeavor Egypt launches XceleRise to back local entrepreneurs](https://www.gccstartup.news/mena-region/endeavor-egypt-launches-xcelerise-to-back-local-entrepreneurs/): Egypt Endeavor Egypt and GIZ Egypt, on behalf of the German Government, are introducing a one-of-a-kind Scale-up program to aid access to capital and market expansion for all startups that promote sustainability.&nbsp; This 15-month program is specifically designed to equip ambitious entrepreneurs with the industry knowledge, market insights, and invaluable connections necessary to successfully scale their operations internationally and raise capital.&nbsp; The Endeavor Egypt Scale-up Program, XceleRise provides a unique opportunity for entrepreneurs to tap into Endeavor&#8217;s global network of mentors, investors, and top industry professionals. By leveraging the expertise and guidance of these key experts, participants will gain the necessary [&hellip;]
- [Saudi Arabia launches $200 million fund to back local, foreign high-tech startups](https://www.gccstartup.news/gcc/saudi-arabia-launches-200-million-fund-to-back-local-foreign-high-tech-startups/): Saudi Arabia His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of KAUST Board of Trustees, launched today the new strategy of the University. The strategy aims to transform research into economically productive innovations by focusing on the national priorities for research, development, and innovation: Health and Wellness, Sustainable Environment and Essential Needs, Energy and Industrial Leadership, and Economies of the Future. Additionally, the strategy aims to strengthen KAUST’s partnerships with both the public and private sectors, which will contribute to achieving the objectives of Vision 2030. HRH the Crown Prince said: “Since [&hellip;]
- [Peleset Angels launched to back Palestinian Startups](https://www.gccstartup.news/mena-region/peleset-angels-launched-to-back-palestinian-startups/): Palestine In the midst of challenging times for the Palestinian startup ecosystem, a glimmer of hope emerges with the entry of Peleset Angels &#8211; the angel investor network striving to support early-stage Palestinian startups. With a focus on empowering resilient founders, Peleset Angels addresses the critical funding gap, offering a lifeline for these ventures to prove their concepts, build their MVPs, and test external markets. Despite the uncertainties that lie ahead for the Palestinian economy, this initiative serves as a beacon of hope and progress. As a collaboration between Palestinian and diaspora investors, Peleset Angels acknowledges the untapped potential within the [&hellip;]
- [ISSF invests $1.5 million in Sadu Capital to invest in Jordanian startups](https://www.gccstartup.news/gcc/issf-invests-1-5-million-in-sadu-capital-to-invest-in-jordanian-startups/): Jordan The Innovative Startups and SMEs Fund (ISSF) announced an investment in Sadu Capital’s early-stage fund, a venture capital fund focused on empowering technology startups and SMEs in Jordan and the region. As part of this collaboration, ISSF has committed an investment of $1,500,000 in Sadu Capital, further fulfilling its mission to fuel economic growth and technological advancement in Jordan. Read related article: ISSF invests $2 million in Oryx Fund to empower Jordanian startups &#8220;We are proud to partner with Sadu Capital and contribute to the development of Jordan&#8217;s vibrant entrepreneurial ecosystem,&#8221; Mohammed Al-Muhtaseb, CEO at ISSF. &#8220;Our investment in Sadu [&hellip;]
- [Palestine: Ibtikar Fund invests in DataQueue](https://www.gccstartup.news/mena-region/palestine-ibtikar-fund-invests-in-dataqueue/): Palestine Ibtikar Fund announced their investment in DataQueue, a leading AI data training company, and an innovative platform to manage the entire AI lifecycle.&nbsp; “DataQueue aims to revolutionize the AI landscape by simplifying the training data process and empowering organisations to unlock the true potential of AI. We are thrilled to have the support of Ibtikar Fund in our journey to democratis3 AI and enable businesses to leverage its transformative power,&#8221; explained Bashir Alsaifi, DataQueue’s Founder and CEO.&nbsp; The field of AI faces numerous challenges, particularly in the acquisition and management of high-quality training data. DataQueue has emerged as a solution [&hellip;]
- [Saudi Arabia’s Wadaie raises pre-Seed funding](https://www.gccstartup.news/gcc/saudi-arabias-wadaie-raises-pre-seed-funding/): Saudi Arabia Wadaie, a Saudi-based fintech company, has successfully secured investment in a pre-seed funding round. The round was led by RZM Investments, along with Bunat Ventures and several prominent Saudi angel investors.&nbsp; The company was founded in 2022 by Abdullah Alandas, Rayan Altuwayjiri, and Abdulrahman Alhawas. Wadaie offers a platform designed to connect depositors with all banks in Saudi Arabia. The platform aims to provide a unique experience for depositors, enabling them to earn the highest returns on Shariah-compliant time deposits without needing to open new accounts at other banks.&nbsp; Wadaie’s platform not only benefits depositors but also provides a [&hellip;]
- [Flat6labs announces awards up to $100,000 in funding for contechs in Egypt](https://www.gccstartup.news/mena-region/flat6labs-announces-awards-up-to-100000-in-funding-for-contechs-in-egypt/): EGYPT Flat6Labs, the region&#8217;s leading seed and early-stage venture capital firm, has launched the &#8220;Makers&#8221; ConTech Accelerator Program in partnership with SIAC and Dar Al-Handasah (Shair and Partners). The program is the first-ever construction-focused accelerator program in the Middle East that aims to support advanced startups in the construction technology industry.&nbsp; The &#8220;Makers&#8221; ConTech Accelerator Program will provide select startups with up to $100,000 in funding per startup as well as grant access to pilot projects, industry experts, mentorship, business training, one-on-one consultations, coaching sessions, networking opportunities, and essential resources to cultivate and scale their businesses. The program will last 12 [&hellip;]
- [Finalists Named in UNWTO Moroccan Tourism Startup Competition](https://www.gccstartup.news/mena-region/finalists-named-in-unwto-moroccan-tourism-startup-competition/): Morocco UNWTO has recognized the most influential innovators reshaping tourism in the Kingdom of Morocco. The finalists of the first Moroccan Tourism Startup Competition showcase the power of the sector for driving post-pandemic recovery, protecting cultural and natural heritage and providing opportunities for both rural and urban communities. After being announced in November 2022, the competition attracted 135 applications from across the Kingdom. The competition focused on identifying solutions to advance the development of the Moroccan tourism, reaching out to startups with a focus on five pillars: Ten Finalists Announced The Kingdom of Morocco is a true leader in tourism, with [&hellip;]
- [Call out: Be the Disrupter: No-code InsurTech Hackathon set to come to Bahrain](https://www.gccstartup.news/gcc/call-out-be-the-disrupter-no-code-insurtech-hackathon-set-to-come-to-bahrain/): Bahrain An exciting collaborative event bringing together innovators and developers to create solutions for the insurance industry is set to kick off in Bahrain. Be the Disrupter: No-code InsurTech Hackathon will meet 25 participants across 5 teams to tackle real-world challenges in the insurance sector using no-code platforms and present revolutionary solutions that promise to shape the industry for years to come. To ensure a successful Hackathon, Spring Studios has partnered with Solidarity Bahrain, one of the leading insurance companies in Bahrain, and General Assembly, a pioneering Bahrain-based tech educator. The event is scheduled to take place at the HP Spring [&hellip;]
- [Estonia-based, Iranian-founded startup Formaloo raises €2 million](https://www.gccstartup.news/mena-region/estonia-based-iranian-founded-startup-formaloo-raises-e2-million/): Estonia Formaloo, an innovative no-code startup hailing from Estonia, has successfully concluded a seed funding round, raising an impressive €2 million. Leading the investment charge is Change Ventures, with participation from notable investors including Hyde Park Venture Partners, Mana Ventures, and Startup Wise Guys. The brainchild of serial entrepreneur Farokh Shahabi, Formaloo addresses a pressing need in the market &#8211; the ability for professional teams to effortlessly construct business applications without the need for complex coding. &#8220;Formaloo is a standout in the no-code market, offering business users a way to build powerful applications with outstanding collaboration and data access management,&#8221; remarks [&hellip;]
- [3 Startups in Lebanon Win Seed Funds During Jusoor’s Startup Roadshow 4 Demo Day](https://www.gccstartup.news/mena-region/3-startups-in-lebanon-win-seed-funds-during-jusoors-startup-roadshow-4-demo-day/): Lebanon Six months after its launch in Jordan and Lebanon, Jusoor’s Startup Roadshow 4 comes to an end with a Demo Day in Beirut, where ten startups from Syria and Lebanon competed for the top three places. This competition is Jusoor&#8217;s fourth iteration of the Roadshow in partnership with SPARK, it also marks as Jusoor’s biggest and most advanced competition to date. The judging committee, investors, and regional business incubators and accelerators witnessed the pitches of the 10 finalists, who vied for seed fund prizes. Among them, three ambitious entrepreneurs and startups hailing from Lebanon and Syria emerged as the top [&hellip;]
- [Mamun Secures Full Crowdfunding and PSP Licenses, Paving the Way for Fintech Innovation in Oman](https://www.gccstartup.news/gcc/mamun-secures-full-crowdfunding-and-psp-licenses-paving-the-way-for-fintech-innovation-in-oman/): Oman Mamun, a Omani financial technology (fintech) firm, has announced the acquisition of a comprehensive crowdfunding license from the Capital Market Authority (CMA). Adding to this remarkable achievement, Mamun has also received preliminary approval for a coveted Payment Service Provider (PSP) license from the Central Bank of Oman (CBO). These regulatory milestones mark a significant stride for Mamun, reaffirming its unwavering commitment to furnishing state-of-the-art fintech infrastructure capabilities to a diverse spectrum of third-party systems. The fintech leader avowed that these accomplishments underpin its dedication to innovation and growth within the fintech landscape. Positioning itself as a preeminent provider of fintech [&hellip;]
- [LVL Wellbeing secures $10m Series A investment](https://www.gccstartup.news/gcc/lvl-wellbeing-secures-10m-series-a-investment/): UAE LVL Wellbeing, a pioneering corporate wellbeing platform startup based in the UAE, has announced the successful closure of its Series A funding round. The funding was led by MG Wellness Holding, a subsidiary of the esteemed Abu Dhabi-based investment holding company, Multiply Group, known for its focus on wellness. The Series A funding round has positioned LVL Wellbeing for rapid growth and expansion, solidifying its position as a market leader in the corporate wellness sector. The company&#8217;s unique and holistic approach to individual, team, and corporate wellbeing practices has garnered significant interest and support from investors. As part of this [&hellip;]
- [The Arab Youth Center and General Motors stride forward to train the nation’s youth in business leadership within future mobility](https://www.gccstartup.news/gcc/the-arab-youth-center-and-general-motors-stride-forward-to-train-the-nations-youth-in-business-leadership-within-future-mobility/): UAE The Arab Youth Center and General Motors Africa &amp; Middle East, have launched the second phase of their collaborative ‘Arab Youth Technology Fellowship’ program, led by the Arab Youth Center, which aims to strengthen skills related to sciences, technology, engineering and math (STEM) across the nation’s youth. In addition to enhancing their skills in business leadership and innovation, the program trains young minds to navigate within a dynamic environment, driving towards creative solutions based on artificial intelligence for the future of mobility. This new phase of the theoretical and practical training includes mentoring, open dialogue, and internship opportunities, with key [&hellip;]
- [Oman-based foodtech &amp; cloud kitchen startup, Kitchenomiks showcases a positive growth trend](https://www.gccstartup.news/gcc/oman-based-foodtech-cloud-kitchen-startup-kitchenomiks-showcases-a-positive-growth-trend/): Oman KitchenomiKs, one of Oman&#8217;s fastest-growing cloud kitchen enterprises, has been on a buoyant upward growth trajectory since its launch in March 2022. The company currently has over 10 F&amp;B Concepts operating under it, which include the hugely successful Feast of Frontier, Shuwa Shack, Tiamo, Zao’s, Sultans of Biryani, and Luna Donuts THAT constantly feature among top-rated brands in all the food delivery aggregators. KitchenomiKs works on an automated hub and spoke model. The company has multi-revenue verticals that create its own home-grown brands, promote other well-known brands (Onboarding), and empower home-grown Foodpreneurs or Chefs. The FoodTech and cloud kitchen organization [&hellip;]
- [ISSF invests $2 million in Oryx Fund to empower Jordanian startups](https://www.gccstartup.news/mena-region/issf-invests-2-million-in-oryx-fund-to-empower-jordanian-startups/): Jordan The Innovative Startups and SMEs Fund (ISSF), announces an investment of $2 million in Hambro Perks&#8217; Oryx Fund to empower the Jordanian startup ecosystem and drive technological innovation in the country. The collaboration aims to unlock opportunities for local entrepreneurs and support startups operating in key sectors such as Financial Technology, Healthcare Technology, SaaS &amp; B2B Enterprise Technology, Logistics Technology, and Education Technology. Hambro Perks (HP) is a United Kingdom-based private markets-focused investment firm that invests in early and growth-stage technology businesses across the EMEA region. HP manages funds across multiple strategies including primary and secondary venture capital strategies and [&hellip;]
- [Egypt-based Fintech Masroofi Raises $1.5 million](https://www.gccstartup.news/mena-region/egypt-based-fintech-masroofi-raises-1-5-million/): Egypt Masroofi, an Egyptian financial technology startup, has recently achieved a major milestone by concluding a successful financing round, securing an impressive $1.5 million from undisclosed investors. The company&#8217;s core focus lies in providing electronic payment services tailored specifically for children, with an ambitious vision to offer innovative solutions that hold substantial growth potential. The brainchild of Mostafa Abdel-Khabeer and Sayed Hosni, Masroofi took a bold step by turning down a tempting 16 million-pound offer from investors on the renowned &#8220;Shark Tank&#8221; program. Instead, the determined founders opted to pursue external investment, a decision that has now proven to be fruitful, [&hellip;]
- [PIF and Oman Investment Authority sign MoU to expand investment in the Sultanate of Oman](https://www.gccstartup.news/gcc/pif-and-oman-investment-authority-sign-mou-to-expand-investment-in-the-sultanate-of-oman/): Oman The Public Investment Fund (PIF) announced today that it has signed a Memorandum of Understanding (MoU) with the Oman Investment Authority (OIA). The MoU is intended to expand cooperation and investment between the two entities, enabling new and promising investments in the Sultanate of Oman’s (Oman) rapidly growing economy. The MoU provides benefits and incentives for PIF and its portfolio companies, which intend to unlock investment opportunities in Oman. The MoU also represents a significant milestone in PIF’s and OIA’s strategic partnership as it aims to expand PIF’s portfolio in Oman, building on the recent establishment of the Saudi Omani [&hellip;]
- [Dubai Chamber of Commerce establishes Romanian Business Council](https://www.gccstartup.news/gcc/dubai-chamber-of-commerce-establishes-romanian-business-council/): UAE Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has taken a significant step in strengthening economic relations between Dubai and Romania with the establishment of the Romanian Business Council. The recently launched business council will promote the interests of Romanian businesses and Romanian-owned UAE-registered companies in Dubai, as well as support Dubai’s presence in Europe and attract new investments from the region. The launch of the Romanian Business Council comes as part of the chamber’s strategy to establish new country-specific business councils and expand their roles to promote cross-border business opportunities and boost bilateral trade. [&hellip;]
- [Events Investment Fund acquires stake in strategic live events joint venture Tahaluf](https://www.gccstartup.news/gcc/events-investment-fund-acquires-stake-in-strategic-live-events-joint-venture-tahaluf/): Saudi Arabia Events Investment Fund (EIF) has acquired a stake in Tahaluf, the Saudi Arabian large-scale live events company created through a strategic joint venture between Informa, the leading international events, digital services, B2B markets and academic knowledge group, and the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP). SELA, the Saudi owned event production company renowned for its creation of spectacular event experiences, intends to join the joint venture in the near future. The acquisition was formally announced at a signing ceremony at Informa’s headquarters in London. In attendance at the event were Lord Stephen Carter CBE, the Group CEO [&hellip;]
- [Hub71 and WIO Bank join forces to enhance banking for tech startups in Abu Dhabi](https://www.gccstartup.news/gcc/hub71-and-wio-bank-join-forces-to-enhance-banking-for-tech-startups-in-abu-dhabi/): UAE Hub71, Abu Dhabi’s global tech ecosystem, and Wio Bank PJSC, the region’s first platform bank, have launched a strategic partnership to transform the banking experience for startup founders in the capital. Designed to enhance bank account processes for SMEs, Wio becomes the official banking partner of Hub71, enabling startup founders to benefit from expert mentorship and commercialization opportunities that foster innovative new products and services in Abu Dhabi. By streamlining the banking process, Hub71 and Wio are making it easier for startups in Abu Dhabi to access funding and essential banking products that support the growth and development of early-stage [&hellip;]
- [Saudi Arabia Tops List as Highest Paying Destination for Expats, UK Takes the Lead in Costly Employee Relocation](https://www.gccstartup.news/gcc/saudi-arabia-tops-list-as-highest-paying-destination-for-expats-uk-takes-the-lead-in-costly-employee-relocation/): UK In a recent report by consultancy ECA International, Saudi Arabia has emerged as the most attractive destination for expatriates seeking lucrative job opportunities. The study, known as the MyExpatriate Market Pay Survey, showcases that expat salaries in the Middle Eastern nation are the highest in the world. Despite a slight three per cent decrease compared to the previous year, middle managers in Saudi Arabia still earn an impressive average annual salary of £83,763 (equivalent to Rs 88.64 lakh). The survey highlights the immense appeal of relocating to the Kingdom, particularly for middle managers seeking substantial financial rewards. The generous expatriate [&hellip;]
- [Saudi Fund for Development signs a $10mln loan agreement to construct business incubation centers in the Bahamas](https://www.gccstartup.news/gcc/saudi-fund-for-development-signs-a-10mln-loan-agreement-to-construct-business-incubation-centers-in-the-bahamas/): Saudi Arabia/Bahamas The Saudi Fund for Development (SFD) Chief Executive Officer, H.E. Sultan Al-Marshad, signed the first development loan agreement worth $10 million in SFD’s headquarters in Riyadh with Hon. Isacc Chester Cooper, Deputy Prime Minister and Minister of The Bahamas Ministry of Tourism, Investments &amp; Aviation. The agreement involves the construction of business incubation centers across three islands in the Bahamas to support the growth of tourism, and signifies SFD&#8217;s commitment to supporting sustainable economic development in developing countries and Small Island Developing States (SIDS) around the world. The signing marks SFD’s first presence in the Bahamas, making it the [&hellip;]
- [Sheraa unlocks entrepreneurial potential within emerging AI industry through interactive workshop](https://www.gccstartup.news/gcc/sheraa-unlocks-entrepreneurial-potential-within-emerging-ai-industry-through-interactive-workshop/): UAE Sharjah Entrepreneurship Center (Sheraa) recently hosted a highly engaging and informative workshop on entrepreneurship as part of the UAE’s Artificial Intelligence, Digital Economy and Remote Work Applications Office’s ‘AI SUMMER CAMP 5.0’. Titled, ‘Building Blocks of Entrepreneurship: A workshop from ideation to implementation,’ the empowering session covered a range of topics related to entrepreneurship and was held at the Sheraa headquarters within the Sharjah Research Technology and Innovation Park. The workshop, led by Sheraa’s team of experienced entrepreneurs and mentors, gave&nbsp; 25 eager participants an exclusive opportunity to learn about the different stages of the entrepreneurial journey, the skills and [&hellip;]
- [Indian startup signs pact to explore EV production facility in Saudi Arabia](https://www.gccstartup.news/gcc/indian-startup-signs-pact-to-explore-ev-production-facility-in-saudi-arabia/): Saudi Arabia/India Indian electric vehicle (EV) startup Pravaig Dynamics has entered into a memorandum of understanding (MoU) with Saudi India Venture Studio to explore the establishment of a left-hand drive EV manufacturing facility in Saudi Arabia. The ambitious project is set to have a staggering capacity of up to one million vehicles, strategically positioned to cater to the burgeoning demand for EVs in the Gulf, Europe, and the US markets, as stated in a joint announcement by both companies. The MoU represents a significant collaboration, with Pravaig Dynamics bringing its expertise in EV technology and battery manufacturing, while the Kingdom of [&hellip;]
- [SRTIP launches UAE-made e-motorcycle with the power to reshape personal transport](https://www.gccstartup.news/gcc/srtip-launches-uae-made-e-motorcycle-with-the-power-to-reshape-personal-transport/): UAE Sharjah Research, Technology, and Innovation Park (SRTIP) is proud to launch the Sulmi EB-ONE, a cutting-edge electric motorcycle and the first market-ready product to emerge from SRTIP’s SoiLAB facility, the region’s largest state-of-the-art makerspace. The unveiling marks a major milestone for the UAE&#8217;s sustainable transportation and mobility sector and a further step towards UAE’s clean energy goals in the run-up to COP28, in Dubai, in December. The brainchild of Emirati start-up Sulmi, the EB-ONE was unveiled at a ceremony attended by SRTIP Chairperson Sheikha Bodour Al Qasimi, the Under-Secretary of the Ministry of Industry and Advanced Technology (MoIAT), His Excellency [&hellip;]
- [Scalo Technologies leads $3.5 million round for gaming startup Hexacore](https://www.gccstartup.news/gcc/scalo-technologies-leads-3-5-million-round-for-gaming-startup-hexacore/): UAE Dubai-based tech venture company, Scalo Technologies, has led a $3.5 million investment round for Hexacore, a mobile game publisher specialising in hybrid mobile web3 games. The funding, also supported by Xsolla, Estoty, and other angel investors, will fuel the expansion of Hexacore&#8217;s experienced team, known for creating games that have garnered over 350 million downloads. Notable titles include Sushi Roll, Blend It 3D and Merge Animals.&nbsp; The investment, announced today, will also drive further development of Hexacore&#8217;s innovative mobile games with hybrid monetization, including In-App Purchases, NFT Collectables, and rewarded ads.&nbsp; Abdumalik Mirakhmedov, Director and co-founder of Scalo Technologies, said: [&hellip;]
- [UAE based Tenderd raises investment from Aramco's Wa'ed](https://www.gccstartup.news/gcc/uae-based-tenderd-raises-investment-from-aramcos-waed/): UAE/Saudi Arabia Wa’ed Ventures, the Kingdom-based venture capital arm of Aramco, announced a strategic investment in Tenderd, a startup specializing in AI-enabled technologies for real-time emissions intelligence. The platform provides customers with AI-generated insights to increase asset utilization and reduce emissions, targeting heavy industries such as construction and logistics. &#8220;Our investment in Tenderd reflects our commitment to addressing sustainability challenges facing the industrial sector and providing solutions to decarbonize their operations,&#8221; said Fahad Alidi, Managing Director at Wa’ed Ventures. &#8220;Tenderd brings transformational solutions to traditional capital-intensive industries such as energy, construction, and logistics sector by utilising AI-generated insights to increase asset [&hellip;]
- [UAE Federal Tax Authority launches comprehensive campaign to raise awareness on Corporate Tax among businesses](https://www.gccstartup.news/gcc/uae-federal-tax-authority-launches-comprehensive-campaign-to-raise-awareness-on-corporate-tax-among-businesses/): UAE The Federal Tax Authority (FTA) launched a comprehensive awareness campaign, that to raise awareness of businesses and companies about the UAE Corporate Tax, providing ongoing support to taxpayers. This is part of FTA&#8217;s efforts in collaboration with the relevant parties to ensure a seamless implementation of Federal Decree-Law on the Taxation of Corporations and Businesses which entered into effect last month and applies to financial years beginning on or after 1 June 2023. FTA held the first awareness workshop on &#8216;The General Principles of Taxation of Corporations and Businesses’ in Abu Dhabi. The workshop which is a part of a [&hellip;]
- [Standard Chartered partners with DIFC Innovation Hub to empower UAE women entrepreneurs](https://www.gccstartup.news/gcc/standard-chartered-partners-with-difc-innovation-hub-to-empower-uae-women-entrepreneurs/): UAE Standard Chartered, in partnership with DIFC Innovation Hub, announced today the launch of the fifth cohort of the Women in Tech accelerator programme. This transformative initiative is designed to drive sustainable growth and empower women entrepreneurs in the UAE&#8217;s technology sector, fostering innovation, diversity, and economic development. Standard Chartered&#8216;s Women in Tech accelerator programme offers women entrepreneurs a unique platform to unleash their potential, overcome barriers, and accelerate their business ventures. As part of a global Women in Tech initiative, the programme operates successfully in nine countries, creating a powerful global network of empowered women in the tech space. In [&hellip;]
- [UAE-startup Growdash secures $750,000 pre-seed funding to drive GCC expansion](https://www.gccstartup.news/gcc/uae-startup-growdash-secures-750000-pre-seed-funding-to-drive-gcc-expansion/): UAE UAE-based restaurant-tech startup Growdash has successfully closed a pre-seed funding round, raising $750,000 to support its expansion plans throughout the Gulf Cooperation Council (GCC). Led by Cairo-based seed and early-stage venture capital firm Flat6Labs, the round also saw participation from Plus Venture Capital (+VC), Judah VC, TPN Investments, and notable angel investors, including former Talabat CEO Abdulhamid Alomar and serial entrepreneur Zeid Husban. The newly acquired capital will primarily be utilized to attract and onboard fresh talent, bolster Growdash&#8217;s offerings with innovative features, and extend its services across a broader geographical region, as stated in the company&#8217;s official statement. Founded [&hellip;]
- [Qatar Financial Markets Authority issues a Resolution to Establish a Single Window Committee for the Capital Market](https://www.gccstartup.news/gcc/qatar-financial-markets-authority-issues-a-resolution-to-establish-a-single-window-committee-for-the-capital-market/): Qatar The Qatar Financial Markets Authority issued a resolution to establish a &#8220;Single Window Committee for the Capital Market&#8221; with the goal of reducing time and effort and significantly simplifying procedures for companies whose activities are related to the financial markets in the country. This is to be achieved by enabling them to interact through one window only in cooperation between the QFMA, the Ministry of Commerce and Industry, the Qatar Stock Exchange and the Edaa Company. According to His Excellency Dr. Tami bin Ahmed Al-Binali, CEO of the Qatar Financial Markets Authority, the establishment of a &#8220;Single Window Committee for [&hellip;]
- [KIB joins Visa Ready as the first Bank in Kuwait for Fintech Enablement](https://www.gccstartup.news/gcc/kib-joins-visa-ready-as-the-first-bank-in-kuwait-for-fintech-enablement/): Kuwait Kuwait International Bank (KIB), a sharia-compliant Kuwaiti Bank, announced today that it has joined the Visa Ready for Fintech Enablement program in an effort to provide both Fintechs and traditional issuers full enablement stacks for digital issuance speeding up their time to market and addressing the needs for digital/technology first strategies. Through KIB’s work with Visa, KIB will offer card issuance solutions to Fintechs and non-Banking entities in Kuwait. Under its BaaS (Banking as a Service) strategy, KIB is revolutionizing the financial landscape by offering a comprehensive CaaS (Card as a Service) program to its esteemed B2B partners. As a [&hellip;]
- [DIFC continues to drive action on global climate change on path to COP28](https://www.gccstartup.news/gcc/difc-continues-to-drive-action-on-global-climate-change-on-path-to-cop28/): UAE Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa, and South Asia (MEASA) region, today announced its first edition of the Future Sustainability Forum. The Forum, which will be held on 4-5 October 2023 at the Ritz-Carlton DIFC, will focus on mobilizing sustainable finance and innovation by connecting industry leaders, investors, tech disruptors, and policymakers, and channel investment flows between the global north and global south, to accelerate climate action. Central to DIFC’s program in the run-up to COP28, the announcement of the inaugural Future Sustainability Forum (‘The Forum’), further demonstrates the Centre’s commitment [&hellip;]
- [Agthia Group launches $54 million CVC fund for foodtech startups](https://www.gccstartup.news/gcc/agthia-group-launches-54-million-cvc-fund-for-foodtech-startups/): UAE UAE based Agthia Group PJSC, a diversified food and beverage company, today announced the launch of Agthia Ventures, a corporate venture capital fund (“CVC”) designed to expand Agthia’s innovation capabilities and create mutual value with startups as the company continues to drive profitable growth in both new and existing markets. Funded by Agthia and its parent company ADQ, an Abu Dhabi-based investment and holding company, Agthia Ventures will be managed together with Touchdown Ventures, a global leader in establishing and operating bespoke CVC programs for blue-chip corporates, with over 100 completed venture investments to date.&nbsp; Agthia Ventures will build on [&hellip;]
- [500 Global and ITIDA Announce Scale Up Program in Egypt to Support Pre-Series A Startups](https://www.gccstartup.news/mena-region/500-global-and-itida-announce-scale-up-program-in-egypt-to-support-pre-series-a-startups/): Egypt 500 Global, one of the world’s most active multi-stage venture capital firms, and The Egyptian Information Technology Industry Development Agency (ITIDA), announced the launch of 500 Global first batch of the Scale Up program in Egypt. The Scale Up program is focused on providing strategies and experimentation methodologies to accelerate growth for Pre-Series A startups in Egypt. “As one of the most vibrant technology markers in the Middle East and Africa, we believe that Egypt is rich in promising founders. We aim to provide the best in class resources, support and tools to the startups to flourish locally and grow [&hellip;]
- [Qatar's Thriving Startup Ecosystem Recognized in Global Startup Ecosystem Report](https://www.gccstartup.news/gcc/qatars-thriving-startup-ecosystem-recognized-in-global-startup-ecosystem-report/): Qatar Qatar has emerged as a leading player in the startup ecosystem, securing impressive rankings in various categories of the Global Startup Ecosystem Report (GSER) 2023 edition. The country has achieved a spot in the top 15 in the &#8216;MENA Ecosystem in Affordable Talent&#8217; and the top 10 in the &#8216;MENA Ecosystem in Funding&#8217; and &#8216;MENA Ecosystem in Knowledge&#8217; categories, according to the report released by Startup Genome. The GSER is renowned for providing a comprehensive analysis of global startup ecosystems, shedding light on emerging trends and key challenges faced by entrepreneurs. Qatar&#8217;s startup ecosystem value, a measure of economic impact, [&hellip;]
- [US-based Practical VC invests in Egypt’s EXITS MENA](https://www.gccstartup.news/mena-region/us-based-practical-vc-invests-in-egypts-exits-mena/): Egypt Silicon Valley-based venture firm Practical VC has announced its participation in a recent investment round in EXITS MENA, the region&#8217;s leading investment platform. While the specific investment amount remains undisclosed, the total capital raised to date has reached an impressive milestone of $1,250,000. Led by renowned general partners Dave McClure and Aman Verjee, Practical VC specialises in secondary market transactions, focusing on LP and GP interests and high-growth venture-backed companies. McClure, is a two-time Forbes Midas List member and founder of 500 Startups, and Verjee was the COO of 500 Startups, former CFO of Sonos and eBay North America, and [&hellip;]
- [Dubai-based circular economy startup, Revibe, secures US$2.3mln to accelerate growth](https://www.gccstartup.news/gcc/dubai-based-circular-economy-startup-revibe-secures-us2-3mln-to-accelerate-growth/): UAE Revibe, a Dubai-based refurbished-electronics startup, announced it has raised US$2.3 million in order to accelerate its growth within the US$6 billion refurbished consumer electronics market in the MENA region — which is expected to reach US$20 billion within the next decade. The funding round was led by Resonance, a €150m VC fund based out of Paris, and Flat6Labs, the Middle East and North Africa’s leading early-stage venture capital firm, responsible for one of the most renowned startup programs in the region. Other funding groups supporting Revibe include Techmind, another leading French investor that is building a community of entrepreneurs and [&hellip;]
- [UAE Announces Creation of New Ministry to Boost Investment and Economic Development](https://www.gccstartup.news/gcc/uae-announces-creation-of-new-ministry-to-boost-investment-and-economic-development/): UAE In a move to bolster the UAE&#8217;s investment climate and counter increasing competition in the financial and tourism sectors, the Prime Minister of the United Arab Emirates (UAE), HH Sheikh Mohammed bin Rashid al-Maktoum unveiled the establishment of a new ministry dedicated to investment. The announcement, made via his official Twitter account, emphasized the ministry&#8217;s role in enhancing the national investment environment and improving procedural efficiency. During a Council of Ministers meeting held at the Al-Watan Palace in Abu Dhabi, the Emirati government approved a comprehensive economic development strategy to address the rising competition from neighboring countries. The strategy aims [&hellip;]
- [World of Statistics List Reveals 15% of Kuwaitis as Millionaires](https://www.gccstartup.news/gcc/world-of-statistics-list-reveals-15-of-kuwaitis-as-millionaires/): Kuwait In a recent report by the World of Statistics, Switzerland has emerged as the global leader in terms of the proportion of millionaires in its population. According to Al Arabiya.net, Kuwait is listed at third place, where approximately 15 percent of its citizens are recognized as millionaires. In terms of rankings, Qatar secures the 22nd position globally and stands as the second wealthiest country in the Arab world. Around 3 percent of the Qatari population can be identified as millionaires, reflecting the nation&#8217;s impressive wealth distribution. 15.5 percent of Switzerland&#8217;s population can be classified as millionaires, making it the country [&hellip;]
- [Morocco’s Agenz secures $1.3 million pre-Series A](https://www.gccstartup.news/mena-region/moroccos-agenz-secures-1-3-million-pre-series-a/): Morocco Agenz, a Moroccan startup specializing in online real estate evaluation, has secured an investment amount of MAD13 million ($1.3 million) through a pre-Series A financing round. This round attracted notable investors, including Azur Innovation Fund, Maroc Numeric Fund II, and Beenok, an international investment fund. The substantial funding raised by Agenz underscores the investors’ confidence in the company’s vision and its potential to revolutionize the real estate market in Morocco. Founded in 2021 by Malik and Badr Belkeziz, Agenz quickly gained prominence as the first online real estate estimation platform in Morocco. The startup’s innovative use of artificial intelligence for [&hellip;]
- [UAE’s HRtech alfii raises $2.5 million pre-Seed round](https://www.gccstartup.news/gcc/uaes-hrtech-alfii-raises-2-5-million-pre-seed-round/): UAE Dubai-based tech startup alfii announces pre-seed funding of $2.5 million to expand its team and continue building out its fintech-powered HR automation platform. The round was led by Preface Ventures, a U.S.-based venture capital firm that focuses on infrastructure enterprise companies. Kayan Ventures, UAE-based Aditum Ventures and Wayfinders, along with a collection of local and regional angel investors also participated in the round. Launched in Dubai in November 2022 by Yousef Albarqawi, Becky Jefferies and Dina Mohammad-Laity, alfii was created to help growing businesses manage their HR workload and break free from time-consuming administrative work—ultimately helping them create and deliver [&hellip;]
- [South Korea &amp; Saudi Arabia Create $160 Million Joint Fund to Foster Startups &amp; Investment Cooperation](https://www.gccstartup.news/gcc/south-korea-saudi-arabia-create-160-million-joint-fund-to-foster-startups-investment-cooperation/): Saudi Arabia/Korea To enhance startup support and investment cooperation, South Korea and Saudi Arabia have announced the creation of a joint fund worth $160 million (approximately 208.4 billion won). The establishment of this fund is a follow-up measure to the “MOU for Investment Cooperation and Startup Support between South Korea and Saudi Arabia,” which was signed during a visit by Crown Prince Bin Salman of Saudi Arabia to Korea in November of the previous year. The signing ceremony took place at the Crown Plaza Hotel in Riyadh, Saudi Arabia. Minister Lee Young attended it from the Ministry of SMEs and Startups [&hellip;]
- [NOMU Group raises $5 million Seed round to expand product offering](https://www.gccstartup.news/gcc/nomu-group-raises-5-million-seed-round-to-expand-product-offering/): Saudi Arabia NOMU, the innovative food-tech supply chain platform set to revolutionise the food and beverage industry in the MENA region, has announced the successful closure of its first round of financing after the merger and establishment of Nomu Group. The seed round raised $5 million from leading investors, including DIV Capital, Shurfah, Core Vision, Purity for Information Technology, and prominent family offices in KSA such as Altoukhi Family Office and Bakr Family Office, along with angel investors. The funds raised will be used to expand NOMU&#8217;s B2B HORECA offering, with a specific focus on restaurants and financing solutions. NOMU plans [&hellip;]
- [Morocco's Chari Secures $1.5 Million Investment to Expand B2B E-commerce and Fintech Services Across Africa](https://www.gccstartup.news/mena-region/moroccos-chari-secures-1-5-million-investment-to-expand-b2b-e-commerce-and-fintech-services-across-africa/): Morocco Chari, a B2B e-commerce and fintech startup headquartered in Morocco, has successfully raised $1.5 million in funding from Verof-Kepple Africa Ventures (VKAV). This investment will provide Chari with the opportunity to expand its operations throughout Africa and enhance its range of financial services. In addition to securing funding, Chari has appointed Ryosuke (Rio) Yamawaki, a partner at VKAV, as a strategic advisor. This move underscores the company&#8217;s dedication to transforming the informal retail sector and promoting economic growth within the region. Similar to other African countries, Morocco heavily relies on unofficial retail stores for fast-moving consumer goods (FMCG) trade. These [&hellip;]
- [Sharjah creates new research, technology and innovation powerhouse by merging existing R&amp;D institutions](https://www.gccstartup.news/gcc/sharjah-creates-new-research-technology-and-innovation-powerhouse-by-merging-existing-rd-institutions/): UAE Sharjah Research Technology and Innovation Park (SRTIP) is to fuse with the Sharjah Oasis for Technology and Innovation (SOTI) in a move that&nbsp;SRTIP&nbsp;Chairperson and President Sheikha Bodour Al Qasimi says will boost UAE’s knowledge economy and status as an entrepreneurial haven. Under the merger, SRTIP will absorb SOTI and combine the organizations’ resources and expertise to form an independent Free Zone Authority (FZA). Consequently, the structure of SRTIP will change to reflect the new FZA’s form and function. This advancement will further unlock the considerable potential of Sharjah’s technology and innovation sector while cementing UAE’s position as a global destination [&hellip;]
- [Swiggy delivers 7.6 cr biryani orders in past 12 months in India](https://www.gccstartup.news/global/asia/swiggy-delivers-7-6-cr-biryani-orders-in-past-12-months-in-india/): INDIA As the world eagerly anticipates International Biryani Day on July 2, online food delivery giant Swiggy has revealed an astounding statistic &#8211; Indians have placed a whopping 76 million biryani orders in the past 12 months. The nation&#8217;s love affair with this delectable rice dish shows no signs of slowing down. According to Swiggy, biryani enthusiasts from all corners of the country have been indulging their taste buds, with a staggering average of 219 orders per minute for their favorite biryani variants. From the aromatic and regal &#8220;Lucknowi Biryani&#8221; to the fiery and flavorful &#8220;Hyderabadi Dum Biryani,&#8221; and from the [&hellip;]
- [Oman Ranks Among Top Countries in MENA for Startup Ecosystem, Global Report Reveals](https://www.gccstartup.news/gcc/oman-ranks-among-top-countries-in-mena-for-startup-ecosystem-global-report-reveals/): Oman Oman has secured a prestigious position among the top ten countries in the Middle East and North Africa (MENA) region for attracting talented entrepreneurs and establishing startups at affordable costs, backed by ample investment capital. This recognition comes from the Global Startup Ecosystem Report 2023, recently published by the Startup Genome Foundation, a US-based research and advisory firm specializing in innovation policy. According to the report, Oman also ranks among the top 15 countries in MENA for the development and efficiency of startup ecosystems. The collective market value of Omani startups has exceeded $300 million, a clear indicator of the [&hellip;]
- [Shariah-Compliant Cryptocurrency Islamic Coin Raises $200M in Funding, Making Crypto History](https://www.gccstartup.news/gcc/shariah-compliant-cryptocurrency-islamic-coin-raises-200m-in-funding-making-crypto-history/): UAE Islamic Coin, a Shariah-compliant cryptocurrency, has secured a remarkable $200 million investment, marking one of the largest funding rounds ever witnessed in the cryptocurrency industry. With a total funding of $400 million, Islamic Coin has surpassed prominent players such as Circle, BlockFi, and Solana, solidifying its position as a major force in the crypto space. Both Islamic Coin and its underlying platform, the Haqq Network, cater to the global Muslim community of 1.9 billion people and beyond, offering game-changing products and services. This award-winning digital currency has garnered worldwide recognition from international luminaries, state and regional leaders, as its team [&hellip;]
- [Fourth Edition of TiE Women MENA Program 2023](https://www.gccstartup.news/gcc/fourth-edition-of-tie-women-mena-program-2023/): UAE TiE Women&nbsp;is a&nbsp;global initiative&nbsp;dedicated to&nbsp;helping women&nbsp;across the globe reach their full potential by empowering them with the necessary support to build their&nbsp;leadership skills&nbsp;and&nbsp;grow their&nbsp;businesses. This initiative is open to women-run and women-owned businesses from across the Arab world to attend all sessions, submit their applications to participate and shine a light on their achievements. Here are few reasons for you to apply this year. * Enhanced Exposure * Valuable Feedback * Networking Opportunities * Exciting Prizes and Resources We encourage you to seize this opportunity to be part of a vibrant community of women entrepreneurs, supporting and inspiring one another [&hellip;]
- [Shattering glass ceilings: Muntada Al Mar’a celebrates achievements of women in Dhofar](https://www.gccstartup.news/gcc/shattering-glass-ceilings-muntada-al-mara-celebrates-achievements-of-women-in-dhofar/): Oman Al Mar’a, Oman’s leading Omani Women Magazine, hosted its 2nd edition of Muntada Al Mar’a at Salalah Rotana Resort in Salalah on Wednesday, 21st June, 2023. The forum focussed on women empowerment and their contribution to Dhofar’s economy and development under the auspices of His Highness Marwan bin Turki Al Said, Governor of Dhofar and Shaikh Salim bin Mustahail Al Mashani. The Forum was attended by Dr. Noor al Ghassaniyah, Chairperson, Omani Women Association- Dhofar and Hon. Awadh Al-Mshaikhi, Member of Majlis A’Dawla, in the Dhofar region. Ominvest was the Presenting Partner for the forum and Havana Salalah and OQ [&hellip;]
- [Plug and Play to launch $100 million fund to invest in Saudi startups](https://www.gccstartup.news/gcc/plug-and-play-to-launch-100-million-fund-to-invest-in-saudi-startups/): Saudi Arabia Silicon Valley-based tech investor Plug and Play Tech Center, an early backer of firms including Dropbox Inc. and PayPal Holdings Inc., is looking to raise $100 million to invest in Saudi tech startups, potentially with backing from a unit of the kingdom’s sovereign wealth fund. Plug and Play is in talks with Jada, a $1 billion fund of funds established by the Saudi wealth fund to help kick-start the domestic venture capital industry, Saeed Amidi, the firm’s founder and CEO, said in an interview in Riyadh. The fund is set to be launched by January, with Plug and Play [&hellip;]
- [EDB launches agritech AED100 million lending programme](https://www.gccstartup.news/gcc/edb-launches-agritech-aed100-million-lending-programme/): UAE Emirates Development Bank (&#8220;EDB&#8221; or &#8220;the Bank&#8221;), the key financial engine of UAE economic development and industrial advancement, today unveiled the UAE&#8217;s first-of-its-kind Agritech Loans Programme. In a groundbreaking initiative, EDB is set to allocate a substantial Dh100 million in financing support for the country&#8217;s vital food security sector. The new Agritech Loans Programme is designed to enable a sustainable and thriving national agriculture sector, positioning the UAE as a global leader in agricultural innovation. With a vision to enhance food security, EDB&#8217;s new product aims to empower farms, local growers and food suppliers by supporting their adaptation and modernisation [&hellip;]
- [Acasia Angels invests in UK medtech Precision Cardiovascular](https://www.gccstartup.news/mena-region/acasia-angels-invests-in-uk-medtech-precision-cardiovascular/): Egypt Egypt-based angel investment group “Acasia Angels” has participated in the $750,000 Seed round in UK-based medtech Precision Cardiovascular, along with the company directors and external medtech angel investors. As a solution provider for remote patient monitoring that launched in 2020 building on continuous research from the early 2000s, Precision is on a trajectory to develop and commercialize a micro-sensor that can be implanted in humans to enable early detection of cardiovascular complications. The implant measures pressures in and around the holder’s heart. The data can be used by care providers to visualize what is going on with the patient, the [&hellip;]
- [Canada Introduces Open Work-Permit Stream for American H-1B Visa Holders](https://www.gccstartup.news/global/america/canada-introduces-open-work-permit-stream-for-american-h-1b-visa-holders/): Canada Canada’s Immigration Minister, Sean Fraser, announced on Tuesday that Canada will be implementing an open work-permit stream specifically designed for 10,000 American H-1B visa holders. Under this program, family members of H-1B visa holders will also have the opportunity to obtain study or work permits. Successful applicants will be granted an open work permit valid for up to three years. The press release highlighted the significant number of workers employed in high-tech fields by companies with substantial operations in both Canada and the United States. Many of these individuals hold H-1B specialty occupation visas while working in the US. Starting [&hellip;]
- [Egypt announces five-year tax exemption for startups](https://www.gccstartup.news/mena-region/egypt-announces-five-year-tax-exemption-for-startups/): Egypt President Abdul Fattah El Sisi announced the statement during his visit to&nbsp;Borg El Arab Technological University in Alexandria. The announcement came within Egypt’s current strategy to boost the startups ecosystem. During the visit, the leading player in the Egyptian entrepreneurship ecosystem, Entlaq Holding, showcased its commitment to supporting Egypt’s startup ecosystem. President Abdel Fattah el-Sisi has announced his unwavering support for startups, providing them with significant advantages to enhance their ability to communicate and influence the market. The support includes five-year tax exemptions, aimed at fostering the growth and development of startups in Egypt. Entlaq’s CEO, Mohamed Ehab highlighted the [&hellip;]
- [KFED partners with Hope Ventures to expand Beban show in UAE](https://www.gccstartup.news/gcc/kfed-partners-with-hope-ventures-to-expand-beban-show-in-uae/): Bahrain As part of its continuous efforts to boost the entrepreneurship ecosystem, Khalifa Fund for Enterprise Development (KFED) announces its partnership with Bahrain-based Hope Ventures to expand Hope’s entrepreneurship-themed reality television show ‘Beban’ to the United Arab Emirates in its highly anticipated third season. This follows the show’s established expansion to the UAE for season two and its success in facilitating investment and strategic opportunities for UAE-based businesses. Having aired for two seasons, Beban featured a total of 62 businesses of various sizes and resulted in successful co-investments by the private and public sectors exceeding USD 6 million in GCC-based startups. [&hellip;]
- [UzOman invests in ZOOD](https://www.gccstartup.news/gcc/uzoman-invests-in-zood/): Oman UzOman (Uzbek Oman Investment Company), a joint investment venture between Sovereign Wealth Funds Oman Investment Authority (OIA) and the Uzbek Fund for Reconstruction and Development of Uzbekistan (UFRD), invested in ZOOD’s operations in Uzbekistan. ZOOD is a leading digital lending platform offering groundbreaking financial solutions in Uzbekistan, Pakistan, Iraq, and Lebanon. Headquartered in Switzerland with 10 offices serving Central Asia and the Middle East markets, ZOOD is a rapidly growing FinTech company that drives financial inclusion by providing innovative and accessible solutions through its digital lending platform. With 10 million users (5 million in Uzbekistan), ZOOD provides a holistic ecosystem [&hellip;]
- [UAE’s HashMove raises pre-Series A round led by Bunat Ventures](https://www.gccstartup.news/gcc/uaes-hashmove-raises-pre-series-a-round-led-by-bunat-ventures/): UAE Bunat Ventures, in collaboration with a prominent conglomerate business group in the Kingdom of Saudi Arabia, has led a Pre-Series A round for HashMove, a leading end-to-end Integrated Digital Logistics Platform. Founded by a visionary team of seasoned logistics and technology experts from Saudi Arabia, Dubai, London, and Silicon Valley, HashMove has already attracted over 900 logistics providers across 90 countries and is poised to revolutionize the global logistics landscape. With their state-of-the-art digital logistics platform, they offer unparalleled solutions for sourcing instant rates for the first mile of logistics, seamless and instant booking capabilities, and end-to-end cargo movements and [&hellip;]
- [Saudi VMS acquires minority stake in Egyptian accelerator Cash Cows](https://www.gccstartup.news/gcc/saudi-vms-acquires-minority-stake-in-egyptian-accelerator-cash-cows/): Saudi Arabia In a significant and prominent step towards enhancing innovation and supporting the entrepreneurial environment and startup companies in Egypt, Saudi Arabia, and the Arab region, the Saudi company VMS has announced its acquisition of a minority stake in the Egyptian Cash Cows, as part of a strategic partnership agreement aimed at bridging the gap between the Saudi and Egyptian startup sectors and entrepreneurial ecosystem. This partnership aims to bring together a wide range of resources, expertise, and support to help the region&#8217;s startups grow and succeed. The visions of Cash Cows and VMS, two leading accelerators for startups in [&hellip;]
- [Bahrain’s Tenmou exits five portfolio startups](https://www.gccstartup.news/gcc/bahrains-tenmou-exits-five-portfolio-startups/): Bahrain Tenmou, Bahrain’s first Angel Investment Company, has achieved a remarkable exit from 5 Bahraini tech startups with a record-breaking track record.&nbsp; Tenmou earned an impressive exit multiple of 6 times its initial investment in an average of less than 4 years, which is significantly higher than the market&#8217;s average exit multiple recouping 2.6 times the original investment in 3.5 years. During a press conference held on Tuesday, 13th June, 2023, at the Collective Hub &#8211; Yateem Branch, Tenmou emphasised the significance of its groundbreaking achievement. As the first angel investment company in Bahrain to achieve this, Tenmou&#8217;s exit score surpasses [&hellip;]
- [STARTUP GENOME AND HUB71 LAUNCH 2023 GLOBAL STARTUP ECOSYSTEM REPORT](https://www.gccstartup.news/gcc/startup-genome-and-hub71-launch-2023-global-startup-ecosystem-report/): UAE Abu Dhabi has been recognized as a leading ecosystem in the Middle East and North Africa (MENA) in the 2023 Global Startup Ecosystem Report (GSER) by Startup Genome and the Global Entrepreneurship Network, launched today at The Next Web Conference in Amsterdam. Hub71, Abu Dhabi’s global tech ecosystem, has partnered with Startup Genome to recognize the UAE capital’s entrepreneurial ecosystem in the #GSER2023 — “As global economic transformation specialists and policy advisors, we&#8217;re extremely proud of the impressive performance of Abu Dhabi in the 2023 Global Startup Ecosystem Report,&#8221; shares Marc Penzel, Founder and President of Startup Genome. &#8220;Working with [&hellip;]
- [Rafizi Ramli: Malaysian Government Aims to Reform Startup Ecosystem with Investment Focus](https://www.gccstartup.news/global/asia/rafizi-ramli-malaysian-government-aims-to-reform-startup-ecosystem-with-investment-focus/): Malaysia The Economy Minister, Rafizi Ramli, has revealed the Malaysian government&#8216;s intentions to revamp the startup ecosystem in the country. The primary focus will be on improving funding and investment opportunities at the seed and angel investor stages. Ramli envisions Malaysia as a regional hub for digital investors, aiming to rival neighboring Singapore and Indonesia in terms of attractiveness. Furthermore, plans are underway to consolidate the support systems for startups in the digital and technology sectors. A unified approach, similar to the country&#8217;s visa application system, will be implemented to streamline processes. The proposal for this integration will be presented to [&hellip;]
- [65000 Indian Millionaires to migrate, Dubai &amp; Singapore preferred destination](https://www.gccstartup.news/gcc/65000-indian-millionaires-to-migrate-dubai-singapore-preferred-destination/): USA Henley Private Wealth Migration Report 2023, India to Experience Millionaire Exodus, Anticipated Loss of 6,500 HNWIs According to the Henley Private Wealth Migration Report 2023, which monitors global wealth and investment migration trends, India is expected to witness a significant departure of millionaires, potentially resulting in a loss of 6,500 high-net-worth individuals (HNWIs) in 2023. The report reveals that China tops the list in terms of millionaire outflow, projected to lose 13,500 HNWIs, with India securing the second position. However, despite being ranked second, India&#8217;s situation has improved compared to the previous year&#8217;s outflow of 7,500 millionaires. Andrew Amoils, Head [&hellip;]
- [Orange Jordan, HTU Launch Technology Apprenticeship Program](https://www.gccstartup.news/mena-region/orange-jordan-htu-technical-apprentice-program/): Jordan Orange Jordan, HTU &#8211; Al Hussein Technical University launch Technology Apprenticeship Program spanning 6-8 months, enhancing employability skills. HTU &#8211; Al Hussein Technical University, an initiative by the Crown Prince Foundation, is a non-profit university based at King Hussein Business Park in Amman. Offering programs in engineering, built environment engineering, and informatics, HTU prioritizes academic excellence and industry relevance. The program aims to provide students with practical skills in Data Science, Artificial Intelligence, Cybersecurity, and more. Orange Jordan&#8217;s CEO Philippe Mansour and HTU&#8217;s President Prof. Ismael Al-Hinti officially sealed the partnership agreement. Mansour emphasizes collaborations&#8217; role in fostering innovation, while [&hellip;]
- [Qatar Government Unveils five-Year Residence Permit Program](https://www.gccstartup.news/gcc/qatar-government-unveils-five-year-residence-permit/): Qatar Qatar Government unveils Five-Year residence permit program for talented individuals and entrepreneurs. This is to enhancing its workforce and fostering economic diversification. With an increasing demand for skilled professionals and innovative entrepreneurs, Qatar aims to bolster its economic competitiveness and position. The Qatar government is proactive and promoting itself as a hub for talent and innovation in the region. By offering a five-year residence permit with renewal options, Qatar provides foreign nationals with a stable and conducive environment to pursue career opportunities and entrepreneurial ventures. The Qatar Government unveils Five-Year residence program&#8217;s eligibility criteria ensure that applicants possess the requisite [&hellip;]
- [Oman base AdTech Startup Mubashir Secures Funding from ITHCA](https://www.gccstartup.news/gcc/oman-base-adtech-startup-mubashir-secures-funding-from-ithca/): Oman Oman&#8217;s innovative adtech startup, Mubashir, has recently announced undisclosed funding from the esteemed Omani investment group, ITHCA. This strategic investment is set to propel Mubashir&#8217;s digital out-of-home advertising network into new markets, marking a significant milestone in its expansion journey. With this infusion of capital, Mubashir aims to not only broaden its geographical reach but also advance its technological capabilities. The startup is dedicated to providing clients with cutting-edge solutions across Oman and beyond, leveraging the power of digital advertising to drive impactful campaigns. Ameer Al-Alawi, Group Director of Investments at ITHCA Group, emphasized the evolving landscape of advertising technology, [&hellip;]
- [Lebanon's Garbaliser secures $436,000 investment](https://www.gccstartup.news/gcc/lebanons-garbaliser-secures-436000-investment/): Lebanon Lebanon&#8217;s Garbaliser secures $436,000 investment for regional and global expansion. Garbaliser’s patented liquid fertiliser, which is proven to produce not only cleaner produce but also at a larger capacity than chemical fertilisers. It is beesold regularly to over 400 clients in Lebanon’s Baalbek area, where the company was founded. After securing a partnership in the UAE and funding from Shark Tank Dubai, the company is now expanding its operation to the UAE market in 2024, with further plans to expand to Jordan and the GCC. Founded in 2020, Garbaliser is the brainchild of sisters Hanan and Zeinab Ismail. The sisters [&hellip;]
- [Hambro Perks Spring Studios invests in Bahrain’s Daleel](https://www.gccstartup.news/gcc/hambro-perks-spring-studios-invests-in-bahrains-daleel/): Bahrain Daleel, MENA’s pioneering financial marketplace, has successfully secured investments from Hambro Perks Spring Studios, a venture builder backed by Al Waha Fund of Funds, the global investment firm Hambro Perks, and Flat6Labs UAE, MENA’s seed and early-stage venture capital firm. Daleel’s platform is focused on helping everyday individuals find the best financial products for themselves and helping banks and financial institutions leverage deep insights. By creating a seamless and connected financial journey, Daleel is revolutionizing the landscape of financial services in the region, empowering both consumers and financial institutions alike to make informed decisions. The company&#8217;s vision, led by its [&hellip;]
- [Oman Investment Authority launches $5.2bln Future Fund Oman](https://www.gccstartup.news/gcc/oman-investment-authority-launches-5-2bln-future-fund-oman/): The Oman Investment Authority (OIA) has announced the establishment of the &#8216;Future Fund Oman,&#8217; boasting a substantial capital of $5.2 billion. Oman The Oman Investment Authority (OIA) has announced the establishment of the &#8216;Future Fund Oman,&#8217; boasting a substantial capital of $5.2 billion. This sizable fund is earmarked for deployment over the next five years, with an annual allocation of $1 billion. With a strategic focus on bolstering economic growth and development within Oman, the Future Fund Oman is set to allocate 90% of its capital to directly invest in commercially viable large-scale projects, both new ventures and existing initiatives situated [&hellip;]
- [IOTA Foundation launches $10mln investment fund](https://www.gccstartup.news/gcc/iota-foundation-launches-10mln-investment-fund/): UAE His Excellency Abdulla Bin Touq Al Marri, the Minister of Economy and Chairman of Investopia, attended the unveiling of a new investment fund valued at $10 million by the IOTA Ecosystem DLT Foundation during Investopia 2024. The fund&#8217;s primary goal is to promote the development of TradeTech solutions and support the expansion of startups and venture projects based on digital technology initiatives and the tokenisation of tangible assets. The announcement aligns with Investopia&#8217;s vision to inspire entrepreneurs to expand into new economic sectors by offering the necessary tools and opportunities to foster the growth and prosperity of their innovative projects. [&hellip;]
- [Koa Academy Wins Meltwater Entrepreneurial School of Technology (MEST) Africa Challenge 2023](https://www.gccstartup.news/events/koa-academy-wins-meltwater-entrepreneurial-school-of-technology-mest-africa-challenge-2023/): Ghana MEST Africa (www.Meltwater.org), a leading Pan-African tech entrepreneurship training program, seed fund, and incubator, proudly announces Koa Academy (www.KoaAcademy.com) as the grand prize winner of the 2023 MEST Africa Challenge (MAC), securing a $50,000 equity investment after a competitive pitch battle among Africa&#8217;s brightest tech innovators. In a thrilling showcase of ingenuity and entrepreneurial spirit, Koa Academy from South Africa stood out at the MEST Africa Challenge finale in Accra, Ghana, surpassing contenders from across the continent. This coveted startup competition, known for identifying and nurturing tech talent, saw Koa Academy clinch the top spot with its groundbreaking solution, poised to [&hellip;]
- [UAE, Kenya sign Investment Memorandum to advance digital infrastructure and AI initiatives](https://www.gccstartup.news/gcc/uae-kenya-sign-investment-memorandum-to-advance-digital-infrastructure-and-ai-initiatives/): UAE The Ministry of Investment of the UAE and the Ministry of Information, Communications and the Digital Economy of the Republic of Kenya have signed an Investment Memorandum establishing a framework for investment cooperation in the field of digitalization and technology. In addition to exploring investments in digital infrastructure and artificial intelligence (AI) services in Kenya, the cooperation may include the development of data centre projects with a total capacity of up to 1,000 megawatts. In the field of AI, the technical and investment potential of developing Large Language Models will be assessed. The Investment Memorandum was signed by His Excellency [&hellip;]
- [China startups raise $2.6 billion VC funding in January 2024, reveals GlobalData](https://www.gccstartup.news/funding/china-startups-raise-2-6-billion-vc-funding-in-january-2024-reveals-globaldata/): UK China witnessed the announcement of a total of 251 venture capital (VC) funding deals during January 2024 while the disclosed funding value of these deals stood at $2.6 billion. This represents a year-on-year (YoY) decline of 8.4% in terms of volume and 31.4% in terms of value, according to GlobalData, a leading data and analytics company. According to an analysis of GlobalData’s&nbsp;Deals Database, a total of 274 VC deals with disclosed funding value of $3.8 billion were announced in China during January 2023. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Although China experienced subdued funding activity but the impact when seen [&hellip;]
- [Gingo Partners invites visionaries to Dubai's VC Weekend April 25-26](https://www.gccstartup.news/gcc/gingo-partners-invites-visionaries-to-dubais-vc-weekend-april-25-26/): UAE Venture capitalists, business angels, and tech enthusiasts are invited to participate in VC Weekend 2024, a vibrant two-day event aimed at fostering community, exchanging valuable insights, and showcasing promising startups from across the region. Organized by Gingo Partners, this annual event, now in its third edition, promises an immersive experience from April 25th to April 26th, 2024. With a mission to deepen understanding of Middle Eastern venture capital ecosystem trends, VC Weekend 2024 offers attendees a unique opportunity to engage in curated investor dinners, networking roundtables, business talks, market analytics sessions, and witness top startups pitch their innovative ideas. The [&hellip;]
- [‘Mini-Dubai’ to Rise in Budapest as UAE-Hungary forge EUR5bn deal](https://www.gccstartup.news/gcc/mini-dubai-to-rise-in-budapest-as-uae-hungary-forge-eur5bn-deal/): UAE/Hungary In a landmark agreement aimed at bolstering economic ties, the United Arab Emirates (UAE) and Hungary have sealed a new deal to foster trade and investment, heralding a significant economic collaboration between the two nations. The accord, inked by Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and Péter Szijjártó, Hungary’s Minister of Foreign Affairs and Trade, focuses on elevating bilateral relations and stimulating growth across pivotal sectors such as industry, commerce, investment, tourism, logistics, infrastructure, and real estate. The pact aims to amplify non-oil trade, which has experienced a remarkable surge in recent years, [&hellip;]
- [Mumtalakat Sponsors ‘Startup of the Year’ Competition To invest in Local Startups in Collaboration with Tamkeen](https://www.gccstartup.news/gcc/mumtalakat-sponsors-startup-of-the-year-competition-to-invest-in-local-startups-in-collaboration-with-tamkeen/): Bahrain Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain, signed a cooperation agreement with the Labour Fund (Tamkeen) to introduce the &#8216;Startup of The Year&#8217; competition. The initiative will showcase winning projects from past StartUp Bahrain Pitch events. The signing was made in the presence of His Highness Shaikh Isa bin Salman bin Hamad Al Khalifa, Chairman of Tamkeen and His Excellency Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy and Chairman of Mumtalakat. Spearheaded by the SME Development Board, the StartUp Bahrain Pitch initiative has been instrumental in strengthening Bahrain&#8217;s entrepreneurial ecosystem [&hellip;]
- [Sri Lankan Santani Wellness Resorts to Establish Two Wellness Retreats in Oman](https://www.gccstartup.news/gcc/sri-lankan-santani-wellness-resorts-to-establish-two-wellness-retreats-in-oman/): Oman/Sri Lanka Oman Tourism Development Company (Omran) has forged a collaboration with Sri Lankan group Santani Wellness Resorts to introduce two new properties in the sultanate, featuring a total of 182 rooms. Announcing the initiative at ITB Berlin 2024, Omran highlighted the strategic significance of this alliance in advancing Oman&#8217;s stature as a premier destination for sustainable tourism and wellness, aligning with its Vision 2040 for sustainable growth. This partnership underscores Omran&#8217;s commitment to enhancing the tourism sector with premium offerings, thereby augmenting its competitiveness in the global arena. The forthcoming resorts, situated in the Dakhiliyah and Dhofar governorates, will adhere [&hellip;]
- [DMCC Annual Report: Over 24,000 Companies Thriving in Dubai's Free Zone](https://www.gccstartup.news/gcc/dmcc-annual-report-over-24000-companies-thriving-in-dubais-free-zone/): UAE DMCC, Dubai&#8217;s prominent free zone authority specializing in commodities trade and enterprise, has unveiled its latest annual report, revealing significant growth in company registrations. According to the report, a noteworthy 2,692 new companies joined DMCC in 2023, boosting the total count to over 24,000 thriving enterprises. The surge in registrations is attributed to various factors, including the launch of new industry ecosystems, expanded service offerings, and the inauguration of the iconic Uptown Tower. Ahmed Bin Sulayem, the executive chairman and CEO of DMCC, expressed confidence in the district&#8217;s trajectory, emphasizing its readiness for accelerated growth and heightened investor interest. DMCC [&hellip;]
- [Dubai Mall becomes most visited place on earth with record 105mln visitors in 2023](https://www.gccstartup.news/gcc/dubai-mall-becomes-most-visited-place-on-earth-with-record-105mln-visitors-in-2023/): UAE Dubai Mall welcomed a record 105 million visitors in 2023, a jump of over 19% on the previous year’s 88 million; sales were also exceptionally strong in 2023. New figures released by the mall show a staggering 20 million people visited the mall in the first two months of this year alone, with 2024 set to be another record year. &#8220;These numbers reflect Dubai Mall&#8217;s impressive status and mirrors the forward-thinking leadership and strong economy of Dubai. Our mall embodies the city&#8217;s vibrant spirit and dedication to excellence, turning the leadership&#8217;s vision into a reality. Being an integral part of [&hellip;]
- [Oman's Sharakah and Jordan Enterprise Development Corporation to develop SMEs](https://www.gccstartup.news/gcc/omans-sharakah-and-jordan-enterprise-development-corporation-to-develop-smes/): Jordan/Oman Oman’s premier SME development firm, Sharakah, has recently formed a partnership with the Jordan Enterprise Development Corporation for cooperation in multiple areas, including sharing expertise on laws and regulations affecting SMEs, participating in global exhibitions that highlight entrepreneurship and SME growth, leveraging technological insights, and conducting training programmes and workshops in entrepreneurship and business management to promote knowledge exchange. The partnership also focuses on joint strategy development and setting performance indicators, covering ten comprehensive areas of collaboration. This partnership reflects Sharakah and the Jordan Enterprise Development Corporation’s mutual dedication to advancing sustainable development goals, promoting economic integration and participation, and supporting [&hellip;]
- [Second annual Brand Licensing Conference held in Dubai](https://www.gccstartup.news/gcc/second-annual-brand-licensing-conference-held-in-dubai/): UAE Dubai reaffirmed its leadership in the global brand licensing landscape by hosting the groundbreaking Second Annual Brand Licensing Conference: Immersive Odyssey, at the prestigious Sofitel Downtown Dubai. This innovative event, centered on &#8220;Bridging Real and Virtual Worlds in Brand Licensing,&#8221; brought together leading figures from the industry to explore the burgeoning intersection of digital and physical licensing opportunities and Dubai&#8217;s strategic role in this evolving market. Amer Bitar, CEO of Markettcom Licensing Agency and co-organizer of the conference, emphasized Dubai&#8217;s influential position in the brand licensing sector, highlighted by a robust global sales figure of $340.8 billion in 2022 and [&hellip;]
- [Oman launches first state-owned investment bank](https://www.gccstartup.news/gcc/oman-launches-first-state-owned-investment-bank/): Oman Oman has established its first government-owned specialised investment bank after obtaining the relevant licenses from the Central Bank of Oman (CBO) and the Capital Market Authority (CMA). Oman Investment Bank was officially launched on Thursday as the country’s first dedicated corporate investment bank, headquartered at Dana House in the Al Khuwair district of Muscat. The new bank will support the sultanate’s strategic goals and ambitions, serving wholesale corporate and investor clients regionally and across Oman Investment Bank’s target markets. The bank will offer a range of financial services, from corporate finance advisory to the development of domestic and regional securities [&hellip;]
- [PhonePe Unveils Indus Appstore: A Game-Changer in India’s Digital Journey](https://www.gccstartup.news/global/asia/phonepe-unveils-indus-appstore-a-game-changer-in-indias-digital-journey/): India PhonePe, today announced the consumer launch of its Indus Appstore, at Bharat Mandapam in New Delhi. Indus Appstore is PhonePe’s attempt at creating a more competitive and localized mobile app store economy for India, which is already the largest mobile apps download market globally. The event was attended by a large number of startup founders and tech industry leaders, reflecting the significance of this launch for India’s thriving digital ecosystem. Indus Appstore allows Indian consumers to download over 2 lakh mobile apps and games,&nbsp;across 45 categories.&nbsp;Users will be able to discover these apps conveniently in 12 Indian languages, thereby catering [&hellip;]
- [QDB unveils startup Qatar investment program to attract tech startups](https://www.gccstartup.news/gcc/qdb-unveils-startup-qatar-investment-program-to-attract-tech-startups/): Qatar Qatar Development Bank has announced the launch of its Startup Qatar Investment Program, which provides funding to tech startups seeking to establish or expand operations in Qatar. The program was launched under the umbrella of Startup Qatar, a platform recently unveiled by the Investment Promotion Agency within the framework of the Qatar Web Summit 2024. The program offers funding of up to $500,000 or 1.8 million Qatari riyals for startups looking to establish a presence in Qatar and up to $5 million or 18 million Qatari riyals for established global startups seeking to grow their operations in the Qatari market. [&hellip;]
- [Sawari Ventures to Launch USD150Million Fund to Invest in Egyptian startups](https://www.gccstartup.news/mena-region/sawari-ventures-to-launch-usd150million-fund-to-invest-in-egyptian-startups/): Dr. Nagla Dowidar Sawari Ventures, an investment company, has announced plans to launch a new fund with an investment target of approximately $150 million in Egyptian startups, as stated by CEO and co-founder Hani Al Sanbati.&nbsp; Al Sanbati emphasized in an official statement that Sawari Ventures is targeting various sectors, including fintech, education, healthcare, green technology, and deep tech projects, anticipating sustained growth in these sectors within Egypt. He highlighted that the present time presents optimal conditions for investing in technology companies, affirming that current economic circumstances will not impede further investments by stakeholders in these ventures. Moreover, Al Sanbati added [&hellip;]
- [PIF’s Alat to Inject USD100B, Partners with Four Companies to Propel Saudi Tech Industry](https://www.gccstartup.news/gcc/pifs-alat-to-inject-usd100b-partners-with-four-companies-to-propel-saudi-tech-industry/): Saudi Arabia Saudi Arabia’s tech enterprise, Alat, under the ownership of the Public Investment Fund (PIF), has committed to a significant investment of $100 billion by 2030, aiming to bolster the nation’s tech industry through strategic global partnerships, according to a statement. Alat disclosed collaborations with esteemed international tech entities, including Softbank Group, Carrier Corporation, Dahua Technology, and Tahakom, to foster sustainable manufacturing within the kingdom. Among the initiatives outlined, the partnerships entail the establishment of a $150 million plant for industrial robot production, alongside the development of an R&amp;D facility focused on emissions decarbonization. Amit Midha, the Global CEO of [&hellip;]
- [Bahrain EDB nets record $1.7bn investments in 2023](https://www.gccstartup.news/gcc/bahrain-edb-nets-record-1-7bn-investments-in-2023/): Bahrain Bahrain Economic Development Board (Bahrain EDB) has announced that it has achieved a remarkable milestone, supported by Team Bahrain, netting a record level of investments upwards of $1.7 billion in 2023. This marks a massive influx equivalent to a year-on-year increase of 55% compared to $1.1 billion in investments generated by Bahrain EDB in 2022.&nbsp; Announcing the feat, EDB said these investments for 2023, which stem from 85 local and international projects, are projected to generate more than 5,700 employment opportunities over a three-year period across priority sectors in the interest of promoting economic diversification and sustainable growth. The highest [&hellip;]
- [Women-led VC firm Globivest completes first close of first fund](https://www.gccstartup.news/mena-region/women-led-vc-firm-globivest-completes-first-close-of-first-fund/): Dr. Nagla Dowidar In a groundbreaking move, Globivest proudly announces the achievement of its first closing, solidifying its position as the premier women-led venture capital fund in the Middle East. Founded in 2016 by Jasmine Busson, with a background spanning the automotive industry and equestrian show jumping, Globivest started as a family office with a mission to invest in cutting-edge technologies. The journey from a family office to an institutional VC fund has been marked by significant growth, with a dedicated team led by Jasmine Busson, Sophie Makzoumé, and Charbel Moarbes. Over the past six years, Globivest has strategically invested in [&hellip;]
- [UAE launches $300 million Falcon Foundation to develop open-source AI](https://www.gccstartup.news/gcc/uae-launches-300-million-falcon-foundation-to-develop-open-source-ai/): UAE The Technology Innovation Institute (TII), a leading global scientific research centre and the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC), today announced the launch of the ‘Falcon Foundation’. The non-profit Falcon Foundation is dedicated to advancing the development of open-source generative AI models and building sustainable ecosystems around open-source projects that accelerate technology development. As a founding member, TII is committing to provide $300 million to fund these projects. The launch of the Falcon Foundation took place at the prestigious World Governments Summit (WGS) 2024 and marked a critical juncture in convening stakeholder collaboration to establish [&hellip;]
- [Saudi Arabia Embraces AI to Enhance Hajj &amp; Umrah Experience](https://www.gccstartup.news/gcc/saudi-arabia-embraces-ai-to-enhance-hajj-umrah-experience/): Saudi Arabia Saudi Arabia has reaffirmed its dedication to leveraging artificial intelligence (AI) to enrich the spiritual journey of Umrah performers and pilgrims. The Prophet’s Mosque and the Grand Mosque’s Presidency of Religious Affairs have unveiled their adoption of cutting-edge technology, including the introduction of a &#8220;Guidance Robot,&#8221; aimed at facilitating the rites of Hajj and Umrah. The innovative Guidance Robot has been meticulously engineered to aid visitors by addressing their religious inquiries pertaining to Hajj and Umrah rituals accurately. Drawing from the latest approved religious fatwas, this robotic assistant offers simplified explanations of the rituals in Arabic and eleven other [&hellip;]
- [Lina Khan led FTC Proposes New Protections to Combat AI Impersonation of Individuals](https://www.gccstartup.news/technology/artifical-intelligence/lina-khan-led-ftc-proposes-new-protections-to-combat-ai-impersonation-of-individuals/): USA The Federal Trade Commission is seeking public comment on a&nbsp;supplemental notice of proposed rulemaking&nbsp;that would prohibit the impersonation of individuals. The proposed rule changes would extend protections of the new&nbsp;rule on government and business impersonation&nbsp;that is being finalized by the Commission today. The agency is taking this action in light of&nbsp;surging complaints&nbsp;around impersonation fraud, as well as public outcry about the harms caused to consumers and to impersonated individuals. Emerging technology – including AI-generated deepfakes – threatens to turbocharge this scourge, and the FTC is committed to using all of its tools to detect, deter, and halt impersonation fraud. The [&hellip;]
- [Entlaq Partners with Ninjacart to Revolutionize Egyptian Agri-Startup Ecosystem](https://www.gccstartup.news/mena-region/entlaq-partners-with-ninjacart-to-revolutionize-egyptian-agri-startup-ecosystem/): Dr. Nagla Dowidar Entlaq, a prominent entrepreneurship think tank based in Cairo, has announced a strategic partnership with Ninjacart, India&#8217;s foremost agri-startup, to revolutionize the Egyptian Agri-Startup ecosystem. This collaboration aims to identify and support promising Farm-to-Fork Agri startups in Egypt by providing them access to Ninjacart&#8217;s cutting-edge technology platform, supply chain management solutions, and specialized advisory services. The partnership between Entlaq and Ninjacart emphasizes efficient supply chain management through advanced technology, enabling direct connections between farmers and markets across Egypt. It also underscores the implementation of data-driven agriculture, ensuring quality assurance, fostering financial inclusion, expanding marketplaces, and reducing waste in [&hellip;]
- [Saudi proptech Rize raises $2.9 million Seed round](https://www.gccstartup.news/gcc/saudi-proptech-rize-raises-2-9-million-seed-round/): Saudi Arabia Rize has announced the closure of its seed round, raising $2.9 million. Concurrently, the company has raised additional funds through debt to bolster its investments in the real estate sector. The round witnessed participation from the investment VCs including Seedra Ventures, Hala Ventures, JOA Capital, RZM Investments, Bunat Investments, and Nama Ventures, as well as a group of angel investors. Rize,&nbsp;founded in 2021 by Ibrahim Balilah and Mohammed AlFraihi, is determined to transform the rental landscape in the Kingdom of Saudi Arabia. Thanks to its innovative &#8220;Rent Now..Pay Later&#8221; product, the company aims to make the shift of rental payments [&hellip;]
- [Kuwait’s Bookr raises Bridge round from Plus VC](https://www.gccstartup.news/gcc/kuwaits-bookr-raises-bridge-round-from-plus-vc/): Kuwait Bookr, a leading cloud-based SaaS-enabled marketplace that enables users to locate and book salons, spas, groomers, and stylists, announced today that the company has successfully raised an undisclosed bridge round from Plus VC, a leading venture capital firm investing in early-stage tech and tech-enabled startups in the MENA region and its diaspora. Bookr is a one-stop digital solution for both salons and their customers. As bilingual (English and Arabic) SaaS software, Bookr provides a comprehensive, end-to-end solution enabling business owners and customers to digitise all aspects of their operations. It helps salons capture customers and leads, receive online payments to [&hellip;]
- [New Initiative "Scale Iraq" Launched to Boost Entrepreneurship in Iraq](https://www.gccstartup.news/mena-region/new-initiative-scale-iraq-launched-to-boost-entrepreneurship-in-iraq/): Iraq In a collaborative effort, the International Finance Corporation (IFC), Iraq Venture Partners (IVP), and Innovest Middle East have unveiled a groundbreaking initiative aimed at addressing the challenges faced by entrepreneurs in Iraq reports Iraq Business News. The newly announced program, titled Scale Iraq, is set to support 20 startups by identifying and addressing their specific needs and gaps. The initiative will design and deliver tailored interventions to assist these startups in raising financing and establishing connections with potential investors. According to a statement from the IFC, Scale Iraq is an integral part of the broader #ScaleMashreq program. The overarching goal [&hellip;]
- [Sohar Freezone Signs Land Lease Agreement With Green Data City To Develop Data Computing Center](https://www.gccstartup.news/gcc/sohar-freezone-signs-land-lease-agreement-with-green-data-city-to-develop-data-computing-center/): Oman SOHAR Port and Freezone is pleased to announce the signing of a land lease agreement with Green Data City (FZC) LLC to develop a Data Computing Center in SOHAR Freezone for hosting, processing, and data mining, solidifying our position as a key player in the digital economy, fostering technological innovation and economic growth. With a total investment of USD 210 million, the Green Data City project is set to strengthen our technological landscape, bringing forth a state-of-the-art facility that houses approximately 20,000 servers from leading manufacturers. Hosted in 40-foot containers, these servers will be connected to immersion and hydro systems [&hellip;]
- [Halal Laboratories Marks a Decade of Pioneering Prophetic Medicine Manufacturing](https://www.gccstartup.news/global/asia/halal-laboratories-marks-a-decade-of-pioneering-prophetic-medicine-manufacturing/): Dr. Tausif Malik In a momentous celebration, Halal Laboratories, the world&#8217;s first prophetic medicine manufacturer, commemorated its remarkable ten-year journey in advancing halal herbal remedies. The event, held in Hyderabad on January 17, was highlighted by the inauguration of the state-of-the-art Research and Development Department coupled with a cutting-edge manufacturing unit. Founded by Dr. Mohammed Najmuddin Rehan, who also serves as the Chief Researcher, Halal Laboratories has been at the forefront of blending traditional healing methods with modern scientific approaches. The company has played a pivotal role in revolutionizing prophetic medicine, offering halal alternatives to a wide range of herbal remedies. [&hellip;]
- [Bahrain’s labor fund launches Riyada program to boost startup ecosystem ](https://www.gccstartup.news/gcc/bahrains-labor-fund-launches-riyada-program-to-boost-startup-ecosystem/): Bahrain Bahrain’s startup ecosystem is poised to strengthen with the launch of a new business support initiative&nbsp;by the country’s labor fund, Tamkeen.&nbsp;&nbsp; Partnering with UK-based Hambro Perks, the Riyada Business Acceleration Program will help entrepreneurs with technology and innovation-backed projects.  The scheme will provide extensive guidance, resources, and support to facilitate the accelerated growth of emerging enterprises, according to a press statement.&nbsp;&nbsp; In this initiative, 36 enterprises will receive backing for business incubation and acceleration operations over the next three years.&nbsp;&nbsp; By aiding these companies in raising funds and enhancing team capabilities, the program&nbsp;aims to facilitate their expansion both locally and internationally.&nbsp; [&hellip;]
- [Omantel Innovation Labs selects 6 startups for Cohort 3 of Omantel Accelerator programme](https://www.gccstartup.news/gcc/omantel-innovation-labs-selects-6-startups-for-cohort-3-of-omantel-accelerator-programme/): Oman Omantel Innovation Labs has announced the six startups selected for Cohort 3 of the Omantel Accelerator programme, following a rigorous selection process, which included bootcamps and interviews with experts. Under the prestigious Omantel Accelerator programme, the startups will undergo an intensive six-month acceleration program, during which they will receive mentorship from both local and international mentors, as well as Omantel experts. The Cohort 3 will consist of the following startups: Adeeb, a platform that supports teachers in creating interactive lessons for students using a library of ready-made graphical assets; Bidbid, a B2B Fintech &amp; E-Procurement platform that features live bidding [&hellip;]
- [OPEC Fund delivers record results in 2023 with $1.7bln in development funding](https://www.gccstartup.news/uncategorized/opec-fund-delivers-record-results-in-2023-with-1-7bln-in-development-funding/): Austria The OPEC Fund for International Development, a multilateral development finance institution headquartered in Vienna, Austria, expanded its new commitments to US$1.7 billion across 55 projects globally in 2023, providing funding to address climate change and energy transition, support social and economic resilience and boost sustainable growth. The organization was established 48 years ago and the 2023 results represent a record in new commitments. OPEC Fund Director-General Dr. Abdulhamid Alkhalifa said: “In 2023, the OPEC Fund increased its impact through the delivery of development support in a challenging global environment. We grew our lending program across the board in response to [&hellip;]
- [Tamkeen renews support for AWS Cloud Innovation Center to enhance digital capabilities](https://www.gccstartup.news/gcc/tamkeen-renews-support-for-aws-cloud-innovation-center-to-enhance-digital-capabilities/): Bahrain The Labour Fund (Tamkeen) announced the renewal of its ongoing collaboration with Amazon Web Services (AWS), which is aimed at furthering support for the Cloud Innovation Center (CIC) at the University of Bahrain and Bahrain Polytechnic. This collaboration, now in its fourth year, is dedicated to bolstering students’ digital proficiency, expediting Bahrain’s digital transformation, and addressing challenges faced by some organizations within the public sector. As a leading global tech institution, AWS brings invaluable practical expertise, diverse services, and access to cutting-edge technologies, enriching the CIC initiative.  Tamkeen’s support encompasses the cost of training, including consultancy services focused on cloud [&hellip;]
- [CoorB, for financial technology, launches its operations in three key markets in the Middle-East](https://www.gccstartup.news/gcc/coorb-for-financial-technology-launches-its-operations-in-three-key-markets-in-the-middle-east/): UAE CoorB, the company specializing in information technology and digital financial services, has just announced the launch of its operations in three key markets in the Middle East and Africa: the Kingdom of Saudi Arabia, the Arab Republic of Egypt, and the United Arab Emirates. Through its cost-efficient solutions, CoorB aims to assist these markets in rapidly transforming into digital economies and enhance the digital presence of banks and financial institutions. The expansion strategy in the Middle East and Africa is powered by the expertise of its founding partners, which extends over 40 years in the technology and digital financial services [&hellip;]
- [Jazz hosts ‘Digital Pakistan Breakfast’ in collaboration with Pathfinder Group at Davos 2024](https://www.gccstartup.news/events/jazz-hosts-digital-pakistan-breakfast-in-collaboration-with-pathfinder-group-at-davos-2024/): Switzerland/Pakistan Jazz, Pakistan’s leading digital operator, in partnership with the Pathfinder Group, hosted the “Digital Pakistan Breakfast” at the World Economic Forum Annual Meeting at Davos. The event highlighted Pakistan’s journey of digital transformation, underscoring its potential and resilience in a rapidly evolving digital world. The breakfast, moderated by Zarrar Sehgal, chairman of the Pathfinder Group, featured distinguished speakers. These included Dr Jehanzeb Khan &#8211; Special Assistant to the Prime Minister on Government Effectiveness, Claude Dyer &#8211; Head of the Edison Alliance, and Muhammad Salman Ali &#8211; CEO of VRG (Virtual Remittance Gateway). The keynote address was delivered by Aamir Ibrahim, [&hellip;]
- [Qatari fintech startup KARTY secures over $2mln in latest seed round](https://www.gccstartup.news/investment/qatari-fintech-startup-karty-secures-over-2mln-in-latest-seed-round/): Qatar KARTY, an emerging Qatari fintech startup, has announced the successful completion of a substantial seed funding round, amassing over $2 million dollars, which is equivalent to more than 7.3 million Qatari Riyals. This latest infusion of capital, raised from a variety of local investors, signifies a pivotal moment in KARTY&#8217;s trajectory towards making a significant impact in the Qatari market. This step precedes its much-anticipated launch, expected as soon as the final approval and licensing from the Qatar Central Bank are attained. Having received in-principle approval for development and demo in strategic partnership with Masraf Al Rayan and in compliance [&hellip;]
- [Egyptian beauty startup Mira raises $200,000 ](https://www.gccstartup.news/mena-region/egyptian-beauty-startup-mira-raises-200000/): Dr. Nagla Dowidar “Mira” Cosmetics announced that it has secured investments of $200,000 from “Wingoo Investment and Technology”. This move comes after Mira successfully produced its first locally produced beauty product by the end of 2023, preparing now to unveil it. It aims to produce a range of cosmetic and skincare products throughout 2024. The young entrepreneur Amira Dawood, CEO and founder of Mira Cosmetics and Skincare, observed the increasing demand among girls for imported cosmetics and skincare products at high prices with foreign currency. She came up with the idea of establishing and manufacturing high-quality Egyptian products at affordable prices, [&hellip;]
- [Presidential candidate Anies Baswedan promises equal opportunities for entrepreneurs](https://www.gccstartup.news/global/asia/presidential-candidate-anies-baswedan-promises-equal-opportunities-for-entrepreneurs/): Jakarta In a commitment to fostering economic equality and generating more job opportunities, presidential candidate Anies Baswedan engaged in a dialogue with leaders from the Indonesian Chamber of Commerce and Industry (Kadin) in Jakarta on Thursday. Anies, as quoted by the Antara news agency, expressed his dedication to creating equal and sustainable development by providing equal growth opportunities for business owners. An integral part of Anies’s presidential vision is the introduction of the “One Economy” (Satu Perekonomian) program, designed to address disparities and promote an inclusive economic landscape. The program comprises two key steps, with the initial focus on establishing a [&hellip;]
- [Invest Qatar launches Ai.SHA, an Azure Open AI GPT-powered chatbot](https://www.gccstartup.news/gcc/invest-qatar-launches-ai-sha-an-azure-open-ai-gpt-powered-chatbot/): Qatar The Investment Promotion Agency Qatar (Invest Qatar) has partnered with Microsoft to develop Ai.SHA, an innovative AI-powered assistant harnessing GPT capabilities through the Azure OpenAI service. This groundbreaking initiative positions Invest Qatar as one of the first investment promotion agencies (IPA) in the world to adopt advanced technology, paving the way for transformative changes in professional interactions between investors and businesses in Qatar. The introduction of Ai.SHA underscores Invest Qatar’s commitment to advance its cutting-edge digital offering, by harnessing the potential of innovative technology and artificial intelligence (AI) to create a unique experience for investors. Ai.SHA serves as a comprehensive [&hellip;]
- [Thmanyah Transforms into a Media-Tech Powerhouse, Pioneering a New Era for Arabic Content on the Internet](https://www.gccstartup.news/gcc/thmanyah-transforms-into-a-media-tech-powerhouse-pioneering-a-new-era-for-arabic-content-on-the-internet/): Saudi Arabia The Middle East and North Africa’s pioneering Arabic podcast network and independent journalism platform, Thmanyah marks 2024 with the launch of a whole new technology-powered business, charting a course to revolutionize the landscape of online content creation.  Thmanyah’s Award-winning platform is driven by a team of seasoned content creators with extensive experience producing widely acclaimed podcast shows like Funjan, Socrates, and Swalif Business, newsletters, and documentaries reaching hundreds of millions of viewers and listeners weekly.&nbsp; Thmanyah is building an ecosystem that enables creators to produce high-quality content that enriches the Arabic content on the internet. “Radio Thmanyah” is a [&hellip;]
- ['FriendyM' Car Management and Maintenance App launched in Egypt](https://www.gccstartup.news/mena-region/friendym-car-management-and-maintenance-app-launched-in-egypt/): Dr. Nagla Dowidar In a step towards enhancing the role of technology and innovative smart solutions to facilitate the lives of citizens, “FriendyM”’, the application specializes in car management and maintenance and is the first of its kind in Egypt, was launched yesterday. The application is currently working in several other countries, such as the Kingdom of Saudi Arabia and the United Arab Emirates. Besides, it provides its services to customers in the Cairo and Alexandria governorates with investments worth more than $2 million. It also aims to reach 100,000 cars on the application in the first year and expand into [&hellip;]
- [Forbes Middle East’s second annual under 30 summit in El Gouna](https://www.gccstartup.news/gcc/forbes-middle-easts-second-annual-under-30-summit-in-el-gouna/): Dr. Nagla Dowidar Forbes Middle East’s second annual Under 30 Summit in El Gouna, Egypt, has begun to great fanfare, with over 1,500 guests arriving to celebrate and support the entrepreneurial spirit and commitment to innovation across MENA’s Under 30 community. Khuloud Al Omian, CEO and Editor-in-Chief of Forbes Middle East, encouraged all attendees to embrace the power of the Under 30 community to change the world. “This community is completely unique. It uncovers incredible young talent with immeasurable potential and builds connections that drive the new ideas that will impact the future for us all,” she explained. “We are so [&hellip;]
- [ADIB Digital Factory Adopts Generative AI to elevate productivity and efficiency with "GitHub Copilot for Business" Integration](https://www.gccstartup.news/gcc/adib-digital-factory-adopts-generative-ai-to-elevate-productivity-and-efficiency-with-github-copilot-for-business-integration/): Nagla Dowidar Abu Dhabi Islamic Bank, a leading financial institution, announces the implementation of &#8220;GitHub Copilot for Business,&#8221; an AI-powered tool set to revolutionize operations within the&nbsp;bank. This innovative technology aims to elevate productivity and efficiency by harnessing generative AI capabilities in code generation, error identification, and optimization recommendations across various business functions. GitHub Copilot stands as a game-changing solution, empowering IT teams to streamline their workflows by harnessing the potential of artificial intelligence. To ensure a seamless transition and measure the impact, ADIB Digital Factory conducted a test implementation involving approximately 10 engineers. The initial findings showed promising results, highlighting [&hellip;]
- [Emirates Islamic launches QuickRemit money transfer service to the United Kingdom](https://www.gccstartup.news/gcc/emirates-islamic-launches-quickremit-money-transfer-service-to-the-united-kingdom/): UAE/UK Emirates Islamic, one of the leading Islamic financial institutions in the UAE, tannounced that its 60-second online fund transfer service ‘QuickRemit’ is now available for remittances to the United Kingdom. Emirates Islamic customers will be able to conduct QuickRemit transfers to any Lloyds Bank account in the UK in less than 60 seconds, and transfers to other UK banks within one hour. Lloyds Bank is one of the UK’s leading banks with over 500 branches across England and Wales. Emirates Islamic customers can avail QuickRemit service via EI + the bank&#8217;s mobile banking app conveniently and securely at competitive rates [&hellip;]
- [Tameed closes $15 million Series A from Alromaih Investments](https://www.gccstartup.news/gcc/tameed-closes-15-million-series-a-from-alromaih-investments/): Saudi Arabia Tameed Digital Lending Platform, which offers shariah-compliant government purchase order financing for SMEs in Saudi Arabia, announced that it has successfully closed a funding round (Series A) amounting to SAR 56.75 million ($15 million) led by Alromaih Investments. Tameed plans to utilise the proceeds from the Series A funding round to accelerate its growth and meet the increasing demand for its innovative digital lending products stemming from the overall growth in Saudi Arabia’s economy, which is supported by the continued accomplishments of various Vision 2030 programmes and giga-projects. Tameed, which obtained its operating licence from the Saudi Central Bank [&hellip;]
- [T-Vencubator launches in Egypt to invest in local startups](https://www.gccstartup.news/mena-region/t-vencubator-launches-in-egypt-to-invest-in-local-startups/): Egypt In the heart of Egypt&#8217;s innovation hub, T-Vencubator introduces &#8216;Vencubation&#8217;—a unique blend of Venture Capital and Incubation, committed to solving everyday challenges through tech-driven solutions. As the first Egyptian Tech Venture Capital and Incubator, T-Vencubator exclusively invests in Egyptian startups with a vision to digitize the nation and address the daily hurdles faced by its citizens. Reem Safy, T-Vencubator&#8217;s CEO, expressed, “We believe that technology will solve a lot of Egypt’s problems. We&#8217;re not just putting money into startups; we&#8217;re investing in exceptional talents that are shaping the future of Egypt.&#8221; T-Vencubator is dedicated to reshaping Egypt&#8217;s future by fostering [&hellip;]
- [Lebanon’s Minister of Labor inaugurates ‘Technological Training Hall’](https://www.gccstartup.news/mena-region/lebanons-minister-of-labor-inaugurates-technological-training-hall/): Lebanon The Lebanese Minister of Labor, HE Moustafa Bayram, has inaugurated the Technology and Skills Training Hall, which was equipped in cooperation between Talal Abu-Ghazaleh Global (TAG.Global), Huawei and the American University of Science and Technology (AUST) in Beirut. During the ceremony, the Minister expressed his pride in the three-institutions cooperation, underlining the continuous support of HE Dr. Talal Abu-Ghazaleh, TAG.Global founder and chairman, to the Ministry, including the provision of 67 free of charge laptops, an initiative that saved the Ministry tens of thousands of dollars to implement. Based on the existing cooperation between the University and Huawei, AUST Vice [&hellip;]
- [King of Bhutan Unveils Gelephu Mindfulness City in 116th National Day Address](https://www.gccstartup.news/global/asia/king-of-bhutan-unveils-gelephu-mindfulness-city-in-116th-national-day-address/): Bhutan In a landmark address during the celebration of Bhutan&#8217;s 116th National Day, His Majesty The King announced the establishment of the Gelephu Special Administrative Region, to be known as the Gelephu Mindfulness City. This strategic move marks a transformative initiative aligned with the country&#8217;s vision for economic growth and global connectivity. Addressing the nation, His Majesty highlighted the unprecedented economic transformation occurring in South Asia, presenting immense opportunities for the region. The announcement of the Gelephu Mindfulness City underscores Bhutan&#8217;s pivotal role in fostering economic corridors, linking South Asia to Southeast Asia via a vibrant land connection. The Gelephu Special [&hellip;]
- [IDC Cloud Spending Projected to Contribute USD 1.2 Billion to Bahrain’s GDP by 2026](https://www.gccstartup.news/gcc/idc-cloud-spending-projected-to-contribute-usd-1-2-billion-to-bahrains-gdp-by-2026/): Bahrain Based on a recently published Economic Impact Study by the International Data Corporation (IDC), cloud spending in Bahrain is projected to contribute over USD 1.2 billion to the Kingdom’s GDP by the year 2026 (an equivalent to approximately 2.3% of GDP). This is expected to generate an economic return of USD 6.7 for every dollar invested in cloud technology and projected to create over 9,300 jobs. The results of the study, which conducted a comprehensive analysis of national investments in cloud technology and infrastructure to determine its impact on the economy, determined that Bahrain’s forward-looking legislation, business-friendly environment, and digitally [&hellip;]
- [Web Summit Qatar Partners with The FutureList to Invite Top African Tech Startups to Exhibit in Doha](https://www.gccstartup.news/gcc/web-summit-qatar-partners-with-the-futurelist-to-invite-top-african-tech-startups-to-exhibit-in-doha/): Qatar  Web Summit Qatar, in a new collaboration with The FutureList, announces an initiative to bring 100 of the most innovative early-stage African tech founders to the international stage. This initiative is part of Web Summit Qatar’s commitment to attracting founders from underrepresented regions to the Middle East and connecting them with global opportunities and resources. Scheduled from February 26-29, 2024, at the Doha Exhibition and Convention Center (DECC), Web Summit Qatar is an extension of the globally renowned Web Summit series, events renowned for their influence and impact in the global tech landscape over the past decade. Joining the ranks of [&hellip;]
- [Ras Al Khaimah government entities to offer certification in AI, ML and data analytics to job seekers and graduates](https://www.gccstartup.news/gcc/ras-al-khaimah-government-entities-to-offer-certification-in-ai-ml-and-data-analytics-to-job-seekers-and-graduates/): UAE As part of Ras Al Khaimah Government’s commitment to support the education, development and competitiveness of UAE talent in the global digital sector, and in line with the Emirate’s vision and strategy to create a bright, sustainable future, the Department of Human Resources (DHR) and RAK Investment and Development Office (IDO) have signed a partnership agreement to launch a Certified Artificial Intelligence Practitioner (CAIP) Program. In collaboration with PricewaterhouseCoopers (PwC) Academy, this CAIP agreement aims to enhance and develop the skills and abilities of Emirati job seekers and graduates by providing career development programs in various areas, including Artificial Intelligence [&hellip;]
- [AmCham Kuwait supported the 2nd Digital Transformation Kuwait](https://www.gccstartup.news/gcc/amcham-kuwait-supported-the-2nd-digital-transformation-kuwait/): Kuwait ABCK (AmCham Kuwait) supported the 2nd Digital Transformation Kuwait Event, a gathering organized and hosted by GM Events at the Grand Hyatt Kuwait. This event brought together influential thought leaders, industry experts, and government officials to engage in comprehensive discussions regarding Kuwait&#8217;s dynamic digitalization landscape. The diverse range of topics covered aimed to accelerate Kuwait&#8217;s vision for a digitally empowered government and foster innovation and growth in the digital era. The central theme of the event revolved around &#8220;Accelerating Kuwait’s Vision for a Digitally Empowered Government.&#8221; Key speakers from both the private and government sectors delved into the ambitious goal [&hellip;]
- [Riyadh Valley Company invests in IMPACT46 Fund III](https://www.gccstartup.news/gcc/riyadh-valley-company-invests-in-impact46-fund-iii/): Riyadh Valley Company, the investment arm of King Saud University, announces its investment in IMPACT46 Fund III. IMPACT46 Fund invests in technology startups that provide new and innovative solutions capable of transforming and reshaping traditional business models. The fund focuses its investments on several sectors, including financial technology, e-commerce, and software-as-a-service, spanning various stages of company development, from growth to the pre-initial public offering (IPO). The fund primarily targets the Saudi Arabian market and the broader Middle East region. In this regard, Dr. Khalid Al-Saleh, the CEO of Riyadh Valley Company, stated, “Investing in IMPACT46 Fund III falls within the scope [&hellip;]
- [SHUAA appoints Hamda Eid AlMheiri to Board of Directors](https://www.gccstartup.news/gcc/shuaa-appoints-hamda-eid-almheiri-to-board-of-directors/): UAE SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, has appointed Hamda Eid AlMheiri to its Board of Directors effective 13 December 2023. Mrs. AlMheiri joins the SHUAA Board following a distinguished career spanning several years in private and public sector leadership roles, including extensive experience in the UAE investment industry through her current position with ADQ, an Abu Dhabi-based investment and holding company. Fadel Al Ali, Chairman of SHUAA Capital, said: “The appointment of Hamda Eid AlMheiri to SHUAA’s Board of Directors underscores the company’s commitment to excellence and a leadership team [&hellip;]
- [EVIQ Launches State-of-the-Art R&amp;D Facility for Electric Vehicle Chargers in Saudi Arabia](https://www.gccstartup.news/gcc/eviq-launches-state-of-the-art-rd-facility-for-electric-vehicle-chargers-in-saudi-arabia/): Saudi Arabia EVIQ, the Electric Vehicle Infrastructure Company, a newly launched joint venture between the Public Investment Fund (PIF) and the Saudi Electricity Company (SEC), announced the opening of a research and development (R&amp;D) facility in Riyadh that is a first-of-its-kind in the region, according to an EVIQ press release. The new facility will be used for testing a spectrum of chargers and software, to ensure the deployment of best-in-class equipment and related software, reinforcing EVIQ&#8217;s commitment to quality, efficiency, and driving the evolution in the EV sector across the Kingdom of Saudi Arabia, said the release. It will also give [&hellip;]
- [Botim revolutionizes UAE remittances to China](https://www.gccstartup.news/gcc/botim-revolutionizes-uae-remittances-to-china/): UAE/China Astra Tech, MENA’s leading consumer technology holding group, is set to redefine the global fintech landscape with a groundbreaking partnership with Tencent Financial Technology, to introduce cross-border remittances from Botim’s users in the UAE to Weixin users in China. This collaboration eliminates traditional boundaries, enabling  PayBy-powered Botim users to make international transfers via Botim messenger platform directly to over 1 billion Weixin users, offering unprecedented access to one of the world’s most dynamic markets.   Together with the exclusive ShareLink feature on Weixin, users can effortlessly notify recipients with one click after each remittance. Recipients in China can easily receive funds [&hellip;]
- [Ajman is keen on developing its trade with Bahrain and attracting Bahraini investors](https://www.gccstartup.news/gcc/ajman-is-keen-on-developing-its-trade-with-bahrain-and-attracting-bahraini-investors/): UAE/Bahrain Mohamed Ali Al Janahi, Acting Director-General of the Ajman Chamber of Commerce and Industry (ACCI), praised the fraternal and deep-rooted relations between the UAE and the Kingdom of Bahrain, and the extent to which the two countries are in harmony in terms of common heritage, values, and authentic customs, as well as the UAE&#8217;s and Bahrain&#8217;s unique bilateral strategic partnership in all fields. Al Janahi said: &#8216;The economic relations between the UAE and Bahrain are witnessing annual growth that reflects the depth of the fraternal relations between the two countries. The non-oil trade between the two countries reached AED 25.7 [&hellip;]
- [Dubai: A Global Talent Magnet in the Financial Services Industry](https://www.gccstartup.news/gcc/dubai-a-global-talent-magnet-in-the-financial-services-industry/): UAE Dubai has solidified its status as a premier global hub for talent attraction, according to the latest report titled &#8216;The Future of Financial Services Talent,&#8217; jointly issued by Dubai International Financial Centre (DIFC) and the London Stock Exchange Group. The report uncovers a notable shift in employee priorities, emphasizing a significant focus on work-life balance, well-being, and a spectrum of non-financial benefits. Moreover, it highlights that talent is increasingly seeking purpose, values, and fulfillment in their daily professional lives, offering employers valuable insights to reshape management styles in the industry. Nurturing Talent in the Financial Hub Arif Amiri, Chief Executive [&hellip;]
- [Saudi issues rules regulating 'Buy Now Pay Later' companies](https://www.gccstartup.news/gcc/saudi-issues-rules-regulating-buy-now-pay-later-companies/): Saudi Arabia The Saudi Central Bank (SAMA) has issued “Rules for regulating buy now pay later (BNPL) companies”, as part of its role in supervising and controlling BNPL companies, according to a SAMA press release. The move reflects SAMA’s continuous efforts to develop the financial sector as a whole and empower the Fintech sector in particular, the release said. Under these rules, BNPL activity is defined as “a type of financing that allows a consumer to purchase goods or services without a term cost payable by the consumer”. The rules aim to regulate the licensing of BNPL companies and set minimum [&hellip;]
- [Lendo Secures $28M in Series B Funding Led by Sanabil Investments, Gears Up for IPO](https://www.gccstartup.news/gcc/lendo-secures-28m-in-series-b-funding-led-by-sanabil-investments-gears-up-for-ipo/): Saudi Arabia Lendo, a Saudi Arabia-based shariah-compliant debt crowdfunding marketplace, has raised SAR 105 million ($28 million) in Series B funding led by Sanabil Investments, a wholly-owned company by the Public Investment Fund (“PIF”). The round saw participation from Shorooq Partners, AB Ventures, and other investors. Lendo is a Shariah-compliant, debt crowdfunding marketplace that helps pre-finance outstanding invoices for businesses in Saudi Arabia. The platform is a community of creditworthy borrowers and sophisticated investors looking for alternative investments. The platform is licensed by the Saudi Central Bank (SAMA). Lendo will use the funds to support its fast-growing customer base in Saudi [&hellip;]
- [Dubai Chamber of Digital Economy attracts 101 digital startups to Dubai within nine-month period](https://www.gccstartup.news/gcc/dubai-chamber-of-digital-economy-attracts-101-digital-startups-to-dubai-within-nine-month-period/): UAE Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that it attracted 101 innovative digital startups to the emirate in cooperation with partners from various government entities during the nine-month period from Q1 – Q3 2023. The achievement came as part of the chamber’s efforts to enhance Dubai’s digital economy and support the ambitions of the Dubai Economic Agenda (D33). His Excellency Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, and Chairman of Dubai Chamber of Digital Economy, emphasised the chamber’s continuing [&hellip;]
- [Southeast Asia Tech Sector Faces Funding Challenges with a 65% Drop to $4.3 Billion in 2023, Reports Tracxn](https://www.gccstartup.news/global/asia/southeast-asia-tech-sector-faces-funding-challenges-with-a-65-drop-to-4-3-billion-in-2023-reports-tracxn/): Singapore The Southeast Asia (SEA) Tech sector witnessed a substantial 65% plunge in funding, totaling $4.3 billion year-to-date in 2023, according to Tracxn&#8217;s latest report, &#8220;Geo Annual Report: SEA Tech 2023.&#8221; This stark decline reflects the ongoing challenges posed by the funding winter, mirroring global trends. Late-stage funding for SEA Tech companies recorded a sharp decrease of 65%, amounting to $1.9 billion in 2023 year-to-date, compared to $5.4 billion in the same period last year. Early-stage funding and seed-stage investments also experienced significant declines, dropping by 67% to $1.9 billion and 52% to $546 million, respectively. The report identifies FinTech, enterprise [&hellip;]
- [1st in Africa: Nawah Scientific receives US-FDA accreditation for food analysis ](https://www.gccstartup.news/mena-region/1st-in-africa-nawah-scientific-receives-us-fda-accreditation-for-food-analysis/): Egypt In a unique milestone, Nawah Scientific, a leading institution in the field of analysis and scientific research in Egypt, has obtained accreditation from the U.S. FDA for food analysis and safety. This makes it the first African center to achieve such accreditation, saving Egyptian and African companies the cost and time of sending samples for analysis outside the continent. This supports their ability to export to the U.S. market and enhances the Egyptian food industry for domestic consumption. “Nawah Scientific” is an Egyptian startup specializing in research and scientific analysis. It has received financial and technical support from the Egypt [&hellip;]
- [Building Together: Bridging the Generational Gap in Family Businesses](https://www.gccstartup.news/events/building-together-bridging-the-generational-gap-in-family-businesses/): India The Family Business Forum&#8217;s inaugural event took place on December 7th, 2023, at the Sumant Moolgaokar Auditorium, ICC Trade Tower, SB Road, Pune. The event brought together family business leaders to share experiences, discuss challenges, and explore strategies for the sustainability and success of family businesses in India. Hosted by Nextgeninnov8, an organisation for young minds to collaborate, learn, and grow, with a focus on cutting-edge ideas and forward-thinking strategies. The theme of the event was &#8220;Building Together: Bridging the Generational Gap in Family Businesses,&#8221; emphasizing the importance of uniting different generations within family businesses for continued success. The event [&hellip;]
- [Pakistan Launches Ambitious Sovereign Venture Capital Fund to Revitalize Startup Ecosystem](https://www.gccstartup.news/investment/funding-investment/pakistan-launches-ambitious-sovereign-venture-capital-fund-to-revitalize-startup-ecosystem/): Pakistan To invigorate Pakistan&#8217;s startup landscape, Umar Saif, Pakistan&#8217;s interim Minister for Information Technology and Telecommunications, has announced the launch of an ambitious sovereign venture capital fund reports Bloomberg. The initiative is designed to attract global investors back into the country&#8217;s startup ecosystem, providing a much-needed boost to local entrepreneurs. Initially, the Pakistani government plans to invest $10 million annually through the fund, with a primary focus on supporting local early-stage startups with existing external commitments. The investment range is anticipated to be between $2 million and $3 million, depending on the sizes of the companies. This initiative seeks to bridge [&hellip;]
- [Qatar Officially Joins Digital Cooperation Organization](https://www.gccstartup.news/gcc/qatar-officially-joins-digital-cooperation-organization/): Qatar The Ministry of Communications and Information Technology (MCIT) of Qatar formalized its membership in the Digital Cooperation Organization (DCO) by signing a charter during the 21st session of the Doha Forum 2023. The charter was endorsed by HE Mr. Mohammed bin Ali Al Mannai, the Minister of Communications and Information Technology, and HE Ms. Deemah AlYahya &#8211; Secretary-General of the DCO. This charter underscores Qatar&#8216;s dedication, as embodied by MCIT, to advancing the digital economy and promoting global collaboration in innovation, empowerment, and expediting digital transformation. His Excellency Mr. Mohammed bin Ali Al Mannai, Minister of Communications and Information Technology, [&hellip;]
- [B2BTechX Event in Pune Ignites Collaborative Innovation for SMB Advancement](https://www.gccstartup.news/events/b2btechx-event-in-pune-ignites-collaborative-innovation-for-smb-advancement/): India TechnologyCounter, a leading tech recommendation platform, orchestrated the highly successful B2BTechX event on November 24, 2023, at Novotel Pune. This pioneering initiative was a testament to fostering a collaborative ecosystem for Small and Medium-sized Businesses (SMBs) in Pune. The brainchild behind this event, &nbsp;Husain Kachwala, CEO of TechnologyCounter, envisioned building a thriving community in Pune, and the dedicated teams involved were instrumental in making the event a resounding success. The B2BTechX event brought together industry leaders, experts, and professionals to deliberate on key trends, strategies, and empowerment initiatives aimed at bolstering SMB growth. In his Keynote Address Akash Sureka highlighted [&hellip;]
- [UAE's e& completes acquisition of over 50% stake in Careem Technologies](https://www.gccstartup.news/gcc/uaes-e-completes-acquisition-of-over-50-stake-in-careem-technologies/): UAE UAE telecom operator e&amp; has successfully finalized the acquisition of a 50.03% stake in Careem Technologies, known as the Careem Everything App. The transaction, valued at $400 million, was disclosed by e&amp; in a statement on the Abu Dhabi Securities Exchange (ADX) on Friday. This investment aligns seamlessly with e&amp;&#8217;s overarching strategy to expand its presence in the consumer digital landscape, reinforcing its commitment to becoming a prominent global technology group. The acquisition is a crucial step in leveraging Careem Technologies&#8216; diverse portfolio to amplify e&amp;&#8217;s digital footprint and deliver innovative services to a wider audience. Financed through debt and [&hellip;]
- [Empowering Oman's Startup Ecosystem: Promising Omani Startups Forum Unveils Vision and Initiatives](https://www.gccstartup.news/gcc/empowering-omans-startup-ecosystem-promising-omani-startups-forum-unveils-vision-and-initiatives/): Oman Under the distinguished patronage of H H Sayyid Bilarab bin Haitham al Said, Honorary Chairman of the Promising Omani Startups Programme, the Promising Omani Startups Forum kicked off on Monday at the Oman Convention and Exhibition Centre (OCEC). The forum, a gathering of 1,500 participants, including entrepreneurs, students, experts, and academics, aims to celebrate the achievements of the Promising Omani Startups Programme while fostering a vibrant entrepreneurial spirit. Divided into three focal points – capacity building, financing and investment, and legislative support for startups – the forum hosted insightful discussions that shed light on the future trajectory of the startup [&hellip;]
- [Hub71 launches climate tech-focused programme for startups worldwide](https://www.gccstartup.news/gcc/hub71-launches-climate-tech-focused-programme-for-startups-worldwide/): UAE Hub71, Abu Dhabi’s global tech ecosystem, today announces the launch of Hub71+ ClimateTech, a specialist ecosystem to support startups worldwide that are advancing the development and deployment of sustainable decarbonization technologies for a net zero future. Announced during the 28th UN Climate Change Conference of the Parties (COP28), Hub71+ ClimateTech has launched with several founding and anchor partners committed to carbon reduction technologies and fostering innovative regulatory frameworks. The new dedicated ecosystem will be based at Hub71 in the UAE’s capital under the jurisdiction of Abu Dhabi Global Market (ADGM), supporting the realization of the UAE’s Net Zero by 2050 [&hellip;]
- [Saudi Arabia offers 30-year tax relief plan to lure regional corporate HQs](https://www.gccstartup.news/gcc/saudi-arabia-offers-30-year-tax-relief-plan-to-lure-regional-corporate-hqs/): Saudi Arabia The Ministry of Investment of Saudi Arabia (MISA), in coordination with the Ministry of Finance and the Zakat, Tax and Customs Authority (ZATCA) today announced 30-year tax incentive package for The Regional Headquarters (RHQ) Program, to further streamline the process for multinational companies (MNCs) to establish their RHQ in Saudi Arabia. The RHQ 30-year tax relief incentive includes a zero percent [0%] rate for:&#8211; Corporate income tax.&#8211; Withholding tax (‘’WHT’’) related to the approved RHQ activities. The companies will benefit from the RHQ tax relief from the day they obtained their RHQ license. The RHQ Program is a joint [&hellip;]
- [Global Private Capital Association (GPCA), Middle East Venture Capital Association (MEVCA) announced a  strategic partnership](https://www.gccstartup.news/mena-region/global-private-capital-association-gpca-middle-east-venture-capital-association-mevca-announced-a-strategic-partnership/): UAE The Global Private Capital Association (GPCA) and the Middle East Venture Capital Association (MEVCA) announced a significant strategic partnership during Abu Dhabi Finance Week 2023. The partnership will see New York and Singapore-based GPCA establish a permanent presence in the Middle East with the support of MEVCA and the Abu Dhabi and regional ecosystem. The strategic move reinforces MEVCA’s standing as a leading platform for Growth and Venture Capital investors in the region. MEVCA members will have an enriched membership experience, gaining access to GPCA’s global network. Both associations will collaborate, innovate, and invest in the region’s strong venture capital [&hellip;]
- [Zain KSA expands 5G network reach to 64 cities](https://www.gccstartup.news/gcc/zain-ksa-expands-5g-network-reach-to-64-cities/): Saudi Arabia After launching the first zero-emission 5G network worldwide, Zain KSA announced the expansion of its 5G services to cover ten additional cities, including Al-Aflaj, Al-Lith, Al Qunfudhah, Al Badayea, Samtah, Shaqra, Al Khobar, Duba, Al Bukayriyah, and Rabigh. These cities now enjoy high-speed 5G digital services. The network expansion is a testament to Zain KSA’s commitment to delivering the latest digital services across the Kingdom and ensuring the best user experience while enhancing Saudi Arabia’s digital competitiveness. It also supports Zain KSA’s strategic goal of accelerating the nationwide digital transformation and improving the quality of life for more communities [&hellip;]
- [Three Egyptian startups win $10,000 grants from She’s Next competition ](https://www.gccstartup.news/mena-region/three-egyptian-startups-win-10000-grants-from-shes-next-competition/): Egypt Visa, the world&#8217;s leader in digital payments and Egypt’s leading private-sector bank, CIB, announced Hadeer Shalaby, the founder of Green Fashion, Salma Tammam, the founder of Reme-D and Nihal Ali, the founder of Fincart as the much-anticipated winners of its second She&#8217;s Next grant program in Egypt.  The winners were selected at an award ceremony held at the Hyatt Regency Cairo West.  Handpicked from over 4,000 applicants across Egypt, the winning women-owned small businesses each received grants worth US$10,000 along with a year of business coaching from the United States Agency for International Development (USAID).&nbsp; The winners were chosen from [&hellip;]
- [B2B marketplace Retailo raises $15 million to accelerate expansion](https://www.gccstartup.news/gcc/b2b-marketplace-retailo-raises-15-million-to-accelerate-expansion/): Saudi Arabia Retailo, Saudi Arabia’s leading B2B digital distribution company, has raised $15M to further strengthen its existing operations, expand new verticals and deepen its presence within Saudi Arabia. Retailo’s unique take on B2B digital distribution in Saudi Arabia continues to grow and attract investors. The latest investment comes from a range of new strategic investors, including Bahrain’s Yusuf Bin Kanoo Group, Dubai-Based Technology Group, Majd Digital, as well as existing investment partners such as Saudi Conglomerate Aujan Group Holdings, Shorooq Partners, Abercross Holdings, Graphene Ventures, and others. New funding comes with significant strategic collaborations, including a technology distribution partnership with [&hellip;]
- [Web Summit 2023: IR4LAB Secures DGA Gold Classification, Spearheading a New Era in Global Digital Government Innovation](https://www.gccstartup.news/gcc/web-summit-2023-ir4lab-secures-dga-gold-classification-spearheading-a-new-era-in-global-digital-government-innovation/): Spain/KSA Saudi Arabia-based IR4LAB, a trailblazer in disruptive technologies with a robust presence in the MENA region, took center stage at the Web3 Summit in Lisbon from November 13 to 16, 2023, where it not only showcased its cutting-edge solutions but also announced its esteemed gold classification by the Digital Government Authority (DGA) in Saudi Arabia. The Web3 Summit, with a record-breaking 70,236 attendees from 183 countries, marked a momentous occasion for IR4LAB. Under the auspices of the Ministry of Communications and Information Technology (Saudi Arabia), the company&#8217;s recognition by the DGA underscores its commitment to advancing digital government initiatives and [&hellip;]
- [Modus continues to fuel innovation in MENA with $2.8M investment](https://www.gccstartup.news/gcc/modus-continues-to-fuel-innovation-in-mena-with-2-8m-investment/): UAE Modus, the Venture Platform comprising VC funds, Venture Builders, and a Corporate Innovation arm in MENA, has announced the successful build and launch of eight startups from its Venture Builder (VB) programs in 2023, investing a total of $2.8M across these emerging companies.&nbsp;&nbsp; The platform’s venture-building approach involves a nine-month program designed to empower founders to collaborate with Modus’ operational experts in co-building ideas into fully operational and investable companies. Throughout their participation, founders test and validate ideas, and gain access to unparalleled tech support and strategic mentorship, while developing MVPs ready for the market.&nbsp; Modus operates a network of [&hellip;]
- [India, USA Sign MoU to Enhance Innovation &amp; Startup Ecosystems](https://www.gccstartup.news/global/asia/india-usa-sign-mou-to-enhance-innovation-startup-ecosystems/): USA A Memorandum of Understanding (MoU) on “Enhancing Innovation Ecosystems through an Innovation Handshake” under the framework of India – U.S. Commercial Dialogue was signed between the two countries on the 14th of November 2023 in San Francisco. The leaders’ Joint Statement during the historic official State Visit of Prime Minister in June 2023 announced the establishment of the “Innovation Handshake”. The MoU was signed at the kick-off industry roundtable titled, “Decoding the “Innovation Handshake”: U.S. – India Entrepreneurship Partnership” in San Francisco. At the event, co-hosted by the U.S.-India Business Council (USIBC) and the Confederation of Indian Industry (CII) and [&hellip;]
- [Unified GCC Visa Poised to Unleash a Wave of Startups, Investment, Entrepreneurship Across the Region](https://www.gccstartup.news/gcc/unified-gcc-visa-poised-to-unleash-a-wave-of-startups-investment-entrepreneurship-across-the-region/): Dr.Tausif Malik In a historic stride towards fostering regional economic collaboration and promoting entrepreneurship, the Gulf Cooperation Council (GCC) has recently implemented a unified visa system, poised to benefit startups, investors, and entrepreneurs across its member nations. As we delve into the unique advantages this unified GCC visa offers in each country, the focus will be on the United Arab Emirates (UAE), Saudi Arabia, Bahrain, Kuwait, Oman, and Qatar. United Arab Emirates (UAE) The introduction of the unified GCC visa system holds significant promise for startups, investors, and entrepreneurs in the UAE. This streamlined visa process facilitates cross-border movement, eliminating bureaucratic [&hellip;]
- [Sharjah Asset Management participates in the startup event "COME UP 2023" in South Korea](https://www.gccstartup.news/gcc/sharjah-asset-management-participates-in-the-startup-event-come-up-2023-in-south-korea/): UAE/Korea Sharjah Asset Management Company, the investment arm of the Sharjah government, participated in the largest economic delegation comprising government entities, private sector representatives, and entrepreneurs. The delegation, led by His Excellency Abdulla bin Touq Al Marri, the Minister of Economy, took part in the exhibition and forum for startups, &#8216;COME UP 2023,&#8217; held in Korea. The event garnered significant attention from investors and entrepreneurs, aiming to explore new opportunities and enhance collaboration with Korean companies while exchanging experiences across various fields, particularly advanced technology. &nbsp;The UAE delegation included the participation of 20 entities from both the government and private sectors, as [&hellip;]
- [SC Ventures, SBI Holdings to partner in setting up a Digital Asset Joint Venture in UAE](https://www.gccstartup.news/gcc/sc-ventures-sbi-holdings-to-partner-in-setting-up-a-digital-asset-joint-venture-in-uae/): UAE/Japan SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, is partnering with SBI Holdings, a Japanese financial conglomerate, to establish a Digital Asset Joint Venture investment company in the United Arab Emirates (UAE). The parties intend to capitalise the vehicle with $100 million. “The region is fast becoming a hub for fintechs in the digital asset space due to its regulation, strengthening infrastructure and talent. The Digital Asset Joint Venture will be an important vehicle to explore the emerging digital asset ecosystem opportunities globally. The Joint Venture will leverage SC Ventures’ experience in digital assets through our ventures such [&hellip;]
- [Kuwait’s online classifieds platform ‘4Sale’ launches ‘4Sale Realty’ online property broker](https://www.gccstartup.news/gcc/kuwaits-online-classifieds-platform-4sale-launches-4sale-realty-online-property-broker/): Kuwait Kuwait’s online classifieds platform ‘4Sale’ announced the launch of 4Sale Realty, an&nbsp;online property broker, aiming to shake up Kuwait’s $12 billion real estate market, according to a company statement. The online broker ‘4Sale Realty’ employs interactive 3D tours of listed properties for users to explore and an accurate measurement tool that allows users to see granular dimensions for each property. The new digital property purchasing experience is to be positioned as the most engaging and interactive real estate experience in Kuwait. 4Sale Realty’s dedicated real estate agents manage property listings end-to-end – from curating listing details and 3D tours to [&hellip;]
- [Moroccan Startup CloudFret Secures USD 2.1 Million for Further Expansion in Europe](https://www.gccstartup.news/mena-region/moroccan-startup-cloudfret-secures-usd-2-1-million-for-further-expansion-in-europe/): Morocco CloudFret, a transport and logistics startup, recently concluded a new funding round, securing USD 2.1 Million from investors, AfriMobility and Azur Innovation Fund.   The startup, operational in Morocco since 2021 and extending its presence to Marseille, is poised for rapid development, with plans to double its workforce by the close of 2024. The focus of this funding round centers on the introduction of an innovative solution geared towards optimizing empty truck returns, specifically targeting the intra-European market.&nbsp; Established in 2021 by Driss Jabar, CloudFret initially concentrated on mitigating empty truck returns between the Mediterranean shores through an AI algorithm-driven [&hellip;]
- [RiseBack.org, Starfindo Join Forces to Ignite IT Education and Startup Growth in Indonesia](https://www.gccstartup.news/events/riseback-org-starfindo-join-forces-to-ignite-it-education-and-startup-growth-in-indonesia/): Indonesia RiseBack.org, a leading affordable education technology platform founded by American Indian serial entrepreneur Dr. Tausif Malik, and Starfindo, the Indonesian Startup for Industry Association operating under the supervision of the Ministry of Industry of the Republic of Indonesia, have officially inked a strategic partnership to catalyze IT education and startup growth in Indonesia. This Memorandum of Understanding (MoU), signed for a 2-year term with the option of renewal, underscores the shared vision of both organizations: to empower students, professionals, and businesses with IT education, foster digitalization, and create high-paying jobs within the Indonesian IT industry. H. Lukas Dedy Setiyawan, MBA [&hellip;]
- [B2BTehX Unveils Pune's Inaugural B2B Tech Extravaganza](https://www.gccstartup.news/events/b2btehx-unveils-punes-inaugural-b2b-tech-extravaganza/): INDIA TechnologyCounter, is proud to announce the launch of B2BTechX, the city&#8217;s premier B2B Tech event. This groundbreaking occasion is poised to revolutionize the business technology landscape, uniting industry luminaries for a day of cutting-edge innovation, knowledge exchange, and invaluable networking opportunities. B2BTechX &#8211; Paving the Way for B2B Tech&#8217;s Tomorrow: B2BTechX emerges as a dynamic event tailored to meet the demands of the ever-evolving B2B technology sphere. This marks a pivotal moment for Pune, a city experiencing rapid technological growth. B2BTechX is slated to serve as a nexus for industry leaders, professionals, innovators, and thought leaders, providing a platform to [&hellip;]
- [On the Sidelines of GITEX, Bahrain EDB Attracts USD 295 million in ICT, total Direct Investments worth USD 1.4 billion](https://www.gccstartup.news/gcc/on-the-sidelines-of-gitex-bahrain-edb-attracts-usd-295-million-in-ict-total-direct-investments-worth-usd-1-4-billion/): Bahrain Bahrain Economic Development Board (Bahrain EDB) has attracted USD 295 million in direct investments within the Information and Communications Technology (ICT) sector as part of a total projected direct investment worth USD 1.4 billion, during the first nine months of 2023. Stemming from 14 local and international projects, the direct investments for the ICT sector, are expected to generate over 1,600 jobs within three years.   On the sidelines of GITEX, Musab Abdullah, Executive Director of ICT Business Development at the Bahrain Economic Development Board, said, “The continuous development of the ICT sector is a strategic priority for Bahrain and [&hellip;]
- [Riyadh Valley Company invests in Flat6labs’ Startup Seed Fund](https://www.gccstartup.news/gcc/riyadh-valley-company-invests-in-flat6labs-startup-seed-fund/): Saudi Arabia Riyadh Valley Company, the investment arm of King Saud University, announces its investment in the venture capital fund (Flat6labs Startup Seed Fund “SSF”) by Flat6labs, a leading company in the Middle East and North Africa region. The Flat6labs SSF fund invests in early-stage companies, focusing on Saudi Arabian startup founders in several technology fields, including financial technology, health, education, and tourism. The fund will also provide dedicated support to Riyadh Valley Company, aiming to enhance the innovation ecosystem at King Saud University by offering guidance, strategic direction, and building investment opportunities for investors, as well as providing specialised training [&hellip;]
- [DIEZ launches $136 million venture capital fund for startups](https://www.gccstartup.news/gcc/diez-launches-136-million-venture-capital-fund-for-startups/): UAE Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Dubai Integrated Economic Zones Authority (DIEZ), announced the launch of a venture capital (VC) fund worth AED500 million. Launched in the presence of His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, the fund is designed to finance technology startups and supports the economic objectives outlined in the Dubai Economic Agenda, D33 by promoting the growth of small and medium-sized enterprises (SMEs) in various emerging sectors.  The new fund [&hellip;]
- [MENA: Late-Stage Funding Soars to $643 Million in First Half of 2023](https://www.gccstartup.news/gcc/mena-late-stage-funding-soars-to-643-million-in-first-half-of-2023/): UAE Start-ups across the Middle East and North Africa (MENA) region have accomplished a significant milestone in the first half of 2023, raising an impressive $643 million in late-stage funding. A recent study has highlighted this achievement, emphasizing that this success far outpaces the global figures in this arena. The data, presented in the latest industry report by start-up data platform Magnitt, outlines a substantial 20% annualized growth in the region&#8217;s late-stage funding since 2018. This stands in stark contrast to the global scenario, which faced a staggering 49% decline during the same timeframe. Late-stage funding, as defined in the report, [&hellip;]
- [Saudi Arabia launches largest startup district in Middle East](https://www.gccstartup.news/gcc/saudi-arabia-launches-largest-startup-district-in-middle-east/): Saudi Arabia The Kingdom of Saudi Arabia has officially The Garage, the largest startup district in the Middle East located within the King Abdulaziz City for Science and Technology in the capital city of Riyadh, reported local media. The Garage is a hub for startups spread across 28,000 square meters. Once a parking space, the area underwent a drastic transformation and today has 24 state-of-the-art meeting rooms, an expansive event space that can accommodate over 1,000 people and workshop areas. At present, the facility hosts more than 300 startup companies and offers a range of programs. These include ‘ACCESS’, ‘The Garage [&hellip;]
- [ANAVA Fund of Funds Invests €5 Million in Titan Seed Fund I to Bolster Tunisia's Deeptech Startups](https://www.gccstartup.news/mena-region/anava-fund-of-funds-invests-e5-million-in-titan-seed-fund-i-to-bolster-tunisias-deeptech-startups/): Tunisia ANAVA Fund of Funds, managed by Smart Capital, has pledged a €5 million investment in the Titan Seed Fund I. This fund is specifically designed to champion deeptech startups within the country. The announcement of this investment marks a pivotal milestone in the drive to foster innovation and technology advancement within Tunisia. The agreement was formalized during a press conference organized by the Caisse des Dépôts et Consignations (CDC) as part of the &#8216;Innovative Startups and SMEs&#8217; project, a venture financed by the World Bank, CDC, and the German development bank KFW. Under the management of the Medin Fund Management [&hellip;]
- [Zain and Kuwait Foundation Join Forces to Boost Innovation and Entrepreneurship in Kuwait](https://www.gccstartup.news/gcc/zain-and-kuwait-foundation-join-forces-to-boost-innovation-and-entrepreneurship-in-kuwait/): Kuwait In a significant move underscoring their steadfast commitment to fostering innovation and entrepreneurship within the community, Zain and the Kuwait Foundation for the Advancement of Sciences (KFAS) have officially inked a memorandum of understanding. This collaborative pact aims to advance capacity building, enhance the skills of local talents in the private sector, amplify research and development in innovation, bolster social enterprises, and embolden local entrepreneurs. The momentous signing took place at the KFAS headquarters in Kuwait City and was attended by key figures including Eaman Al-Roudhan, CEO of Zain Kuwait, Dr Ameenah Farhan, Director General of KFAS, and top executives [&hellip;]
- [NEOM announces the inauguration of NEOM Investment Fund](https://www.gccstartup.news/gcc/neom-announces-the-inauguration-of-neom-investment-fund/): Saudi Arabia NEOM has today announced the inauguration of its strategic investment arm, the NEOM Investment Fund (NIF), NEOM’s wholly owned subsidiary which is set up to support the buildout and development of NEOM’s 14 priority sectors and deliver long-term value while enabling creation of jobs in NEOM. NIF will invest globally through Mergers &amp; Acquisitions and venture capital in technology startups, with a clear focus on pioneering growth companies and next-generation industries. &nbsp;NIF will also develop Joint Ventures and partnerships with large multinationals, institutional investors and innovators within NEOM. As part of its inauguration, NIF is announcing new investments in [&hellip;]
- [StartUp Bahrain Showcases Seventh Pitch Event Featuring Top Startups](https://www.gccstartup.news/gcc/startup-bahrain-showcases-seventh-pitch-event-featuring-top-startups/): Bahrain StartUp Bahrain, a prominent platform supporting startups in the Kingdom of Bahrain, recently hosted the seventh installment of the StartUp Bahrain Pitch series. Collaborating with key industry players such as the Ministry of Industry &amp; Commerce, the Labour Fund (Tamkeen), the Bahrain Economic Development Board, and Bahrain Development Bank (BDB), the event attracted significant attention within the entrepreneurial ecosystem. During the event, entrepreneur and investor Bader Al Essa delivered a keynote speech, emphasizing the significance of setting specific, measurable goals in accomplishing entrepreneurial objectives. The pitch event highlighted four Bahraini startups, presenting their innovative business concepts to a distinguished panel [&hellip;]
- [IR4LAB Shines at GITEX Global 2023, Announces Prestigious Awards, Joins Accelerated Market Entry Program](https://www.gccstartup.news/gcc/ir4lab-shines-at-gitex-global-2023-announces-prestigious-awards-joins-accelerated-market-entry-program/): UAE Saudi Arabia based IR4LAB, a trailblazer in disruptive technologies with a robust presence in the MENA region, set a new benchmark at GITEX Global 2023. The company unveiled their selection for the &#8220;Fastest Growing Blockchain Technology Company&#8221; award at theAnnual Global Economics Awards Program &#8211; 2023. Majd AL AFIFI, Co-Founder and CEO of IR4LAB, underscored the significance of these awards, stating, &#8220;The announcement of these prestigious accolades during this influential event underscores our unwavering commitment to advancing the field of blockchain technology. They serve as a testament to our dedication to excellence and our relentless pursuit of innovative solutions.&#8221; Furthermore, [&hellip;]
- [TikTok Ad Awards 2025 to Take Place in Riyadh, Celebrating Creativity Across METAP](https://www.gccstartup.news/gcc/tiktok-ad-awards-2025-to-take-place-in-riyadh-celebrating-creativity-across-metap/): Saudi Arabia TikTok Ad Awards 2025 to Take Place in Riyadh, Celebrating Creativity Across METAP: TikTok has announced the return of the TikTok Ad Awards in the METAP region, with the 2025 ceremony scheduled for December in Riyadh, Saudi Arabia. The awards will highlight the most creative and high-performing campaigns that embrace TikTok’s unique culture while driving real business results. Building on last year’s success, the 2025 edition will showcase campaigns that combine authenticity, creativity, and measurable impact. Brands and agencies from South Africa, Kenya, Nigeria, UAE, Saudi Arabia, Qatar, Lebanon, Iraq, Egypt, Morocco, Kazakhstan, Azerbaijan, Cyprus, Pakistan, Bangladesh, and Sri [&hellip;]
- [Maalexi secures $20 million shariah-compliant facility from Amwal Capital](https://www.gccstartup.news/gcc/maalexi-secures-20-million-shariah-compliant-facility-from-amwal-capital/): UAE Maalexi secures $20 million shariah-compliant facility from Amwal Capital: Maalexi, B2B food and agri platform, has today announced that it has secured a shariah-compliant credit facility of up to $20 million from Amwal Capital Partners (ACP), a leading independent firm specialising in alternative investments across the MENA region.  The strategic agreement will start with a US$ 5 million tranche of capital that will enable Maalexi to scale its operations and advance its mission to strengthen food security across the UAE and Saudi Arabia. The facility will also be used by Maalexi to serve thousands of SMEs waiting to partner with [&hellip;]
- [Saudi Skilled Worker Visa 2025: Eligibility, Categories, and Salaries Explained](https://www.gccstartup.news/gcc/saudi-skilled-worker-visa-2025-eligibility-categories-and-salaries-explained/): Saudi Arabia Saudi Skilled Worker Visa 2025: Eligibility, Categories, and Salaries Explained: Saudi Arabia has unveiled a major reform in its labor market with the launch of the Saudi Skilled Worker Visa 2025. Starting July 5, 2025, for existing expatriates and August 3, 2025, for new hires, the kingdom’s Ministry of Human Resources and Social Development (HRSD) will implement a tiered classification system that redefines how foreign workers qualify for jobs. A new classification framework At the heart of this reform is a structured framework dividing occupations into High-Skilled, Skilled, and Basic categories. HRSD further groups these into nine occupational bands: [&hellip;]
- [Oman's New Golden Visa Scheme Will Offer A Long-Term Residency To Foreign Investors](https://www.gccstartup.news/gcc/omans-new-golden-visa-scheme-will-offer-a-long-term-residency-to-foreign-investors/): Oman Oman&#8217;s New Golden Visa Scheme Will Offer A Long-Term Residency To Foreign Investors: Oman is introducing its Golden Visa programme on August 31, 2025, offering 5- or 10-year long-term residency permits for foreign investors and their families. The move is part of Oman’s wider strategy to attract foreign direct investment (FDI), encourage entrepreneurship, and boost its economy beyond oil dependency. This announcement has already created excitement among expatriates and investors in the region, who see Oman as a stable, business-friendly, and culturally rich destination. What Is The Oman Golden Visa? The Oman Golden Visa, also referred to as the Golden [&hellip;]
- [Spinneys Enters Kuwait Through Joint Venture with Alshaya Group](https://www.gccstartup.news/gcc/spinneys-enters-kuwait-through-joint-venture-with-alshaya-group/): Spinneys, the premium fresh food retailer, officially announced its entry into Kuwait through a strategic joint venture with Alshaya Group, a leading brand franchise operator in the Middle East. This expansion marks Spinneys’ entry into its fourth GCC market and highlights a major step forward in its regional growth strategy. Sunil Kumar, Chief Executive Officer of Spinneys, expressed excitement about the development. “We are delighted to announce our entry into Kuwait as part of our Middle East expansion plan. This milestone allows us to bring Spinneys’ premium fresh food offering to more customers. Kuwait is a high-potential market with strong growth [&hellip;]
- [Nusuk Umrah Platform Streamlines Visa, Travel, and Services for International Pilgrims](https://www.gccstartup.news/gcc/nusuk-umrah-platform-streamlines-visa-travel-and-services-for-international-pilgrims/): Saudi Arabia Nusuk Umrah Platform Streamlines Visa, Travel, and Services for International Pilgrims: Saudi Arabia’s Ministry of Hajj and Umrah has officially launched the Nusuk Umrah platform, a digital service that enables international travelers to apply for Umrah visas and book related services online. The initiative, available at umrah.nusuk.sa, aims to simplify the pilgrimage process and improve the overall experience for Muslim visitors. With this launch, international pilgrims can now apply directly online, avoiding intermediaries and unnecessary delays. The platform offers a one-stop solution where users can select from integrated packages or customize their journey by booking individual services such as [&hellip;]
- [China to Launch New K Visa for Young Science and Technology Talent](https://www.gccstartup.news/global/asia/china-to-launch-new-k-visa-for-young-science-and-technology-talent/): Dr Tausif Malik China to Launch New K Visa for Young Science and Technology Talent: China is preparing to introduce a groundbreaking visa category aimed at attracting young science and technology professionals. Starting October 1, 2025, the country will implement the K visa, a move designed to streamline entry and foster global innovation partnerships. Premier Li Qiang signed the State Council decree that amends China’s regulation on the administration of foreigners’ entry and exit. This strategic decision highlights China’s growing commitment to nurturing international collaboration in research, technology, and entrepreneurship. Easier Access for Young Professionals Unlike the existing 12 ordinary visa [&hellip;]
- [Jacky’s Group Celebrates 55 Years of Innovation, Legacy, and Service Across the Globe](https://www.gccstartup.news/gcc/jackys-group-celebrates-55-years-of-innovation-legacy-and-service-across-the-globe/): Dr Tausif Malik Jacky’s Group Celebrates 55 Years of Innovation, Legacy, and Service Across the Globe: What began in 1970 as a modest mail-order business serving diplomats from a small office in Hong Kong has grown into a global enterprise rooted in trust, service, and innovation. As Jacky’s Group marked its 55th anniversary, teams across continents joined together to celebrate — virtually and in person — the extraordinary journey of a family business that has become a household name across industries and regions. The milestone wasn’t just about looking back — it was about honoring the principles that have shaped Jacky’s [&hellip;]
- [Ras Al Khaimah Sets New Tourism Record in H1 2025 with Soaring Visitor Arrivals](https://www.gccstartup.news/gcc/ras-al-khaimah-sets-new-tourism-record-in-h1-2025-with-soaring-visitor-arrivals/): UAE Ras Al Khaimah Sets New Tourism Record in H1 2025 with Soaring Visitor Arrivals and Revenue Growth: Ras Al Khaimah has marked its busiest half-year ever, with the Ras Al Khaimah Tourism Development Authority (RAKTDA) reporting over 654,000 visitor arrivals in the first half of 2025. This represents a 6 per cent year-on-year increase—a clear sign that the emirate&#8217;s strategic investments in tourism are yielding impressive results. Moreover, tourism revenues surged by 9 per cent, underscoring the emirate’s rising profile as one of the UAE’s fastest-growing destinations. Strategic Growth Drives Success RAKTDA’s continued focus on expanding air connectivity, enhancing visitor [&hellip;]
- [Standard Chartered, Bahrain FinTech Bay Select Ten Female-Led Startups for Sixth Cohort of Women in Tech Program](https://www.gccstartup.news/gcc/standard-chartered-bahrain-fintech-bay-select-ten-female-led-startups-for-sixth-cohort-of-women-in-tech-program/): Dr. Shabana Parvez, MD FACEP Standard Chartered, Bahrain FinTech Bay Select Ten Female-Led Startups for Sixth Cohort of Women in Tech Program: Standard Chartered Bank, in partnership with Bahrain FinTech Bay, has announced the selection of ten promising female-led startups to join the sixth cohort of the Futuremakers Women in Tech Bahrain program. This initiative continues to serve as a launchpad for women entrepreneurs driving innovation and impact across key sectors in the Kingdom. Now in its sixth edition, the program is part of Standard Chartered’s global Futuremakers Women in Tech Initiative and is supported by strategic partners that include The [&hellip;]
- [How the Greater Bay Area (GBA) Can Accelerate Economic Growth, Innovation, and Startups in Southeast Asia](https://www.gccstartup.news/interviews/how-the-greater-bay-area-gba-can-accelerate-economic-growth-innovation-and-startups-in-southeast-asia/): Dr Tausif Malik How the Greater Bay Area (GBA) Can Accelerate Economic Growth, Innovation, and Startups in Southeast Asia: The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is emerging as one of the world’s most dynamic innovation hubs. Integrating Hong Kong, Macau, and nine major cities in Guangdong province, the GBA is China’s flagship megaregional initiative. With a GDP exceeding $2 trillion—surpassing that of Italy and Canada—it represents an economic cluster that rivals global giants like Silicon Valley. As Southeast Asia looks to scale up its startup ecosystem and digital economy, the GBA presents transformative opportunities for trade, investment, and innovation. 1. [&hellip;]
- ['Forum Moscow 2030. Territory of the Future' invites young GCC visitors](https://www.gccstartup.news/gcc/forum-moscow-2030-territory-of-the-future-invites-young-gcc-visitors/): Russia &#8216;Forum Moscow 2030. Territory of the Future&#8217; invites eyoung GCC visitors: Moscow is preparing to host the “Forum Moscow 2030. Territory of the Future.” — a citywide forum-festival designed to immerse youth and families in the technologies, culture, and lifestyles of tomorrow’s world. The forum supports Moscow’s long-term vision to engage global youth in meaningful dialogue, learning, and cross-cultural experiences. Held from August 1 to September 14, the forum will be held across 11 vibrant venues across Moscow, featuring thousands of dynamic events, positioning the city as a forward-thinking, youth-centric capital. Guests will have the opportunity to learn how to operate robots, [&hellip;]
- [India Overtakes China as Top Smartphone Exporter to U.S. with 240% Manufacturing Surge](https://www.gccstartup.news/global/asia/india-overtakes-china-as-top-smartphone-exporter-to-u-s-with-240-manufacturing-surge/): Dr Tausif Malik India Overtakes China as Top Smartphone Exporter to U.S. with 240% Manufacturing Surge: In a remarkable shift in global trade dynamics, India has overtaken China as the largest exporter of smartphones to the United States, according to new data released by global research firm Canalys. The report highlights a 240% year-on-year surge in smartphone manufacturing in India, signaling a dramatic pivot in global supply chains. During the second quarter of 2025, India accounted for 44% of smartphone exports to the U.S., a stunning leap from just 13% in the same quarter last year. In contrast, China’s share fell [&hellip;]
- [Sohana Rouf Chowdhury Appointed President of EO Bangladesh](https://www.gccstartup.news/global/asia/sohana-rouf-chowdhury-appointed-president-of-eo-bangladesh/): Bangladesh Sohana Rouf Chowdhury Appointed President of EO Bangladesh, Brings Global Vision and Local Impact: Sohana Rouf Chowdhury has been appointed as the President of the Entrepreneurs’ Organization (EO) Bangladesh, a dynamic chapter of the global network that supports nearly 20,000 entrepreneurs across 80 countries. Sohana brings with her a powerful blend of corporate experience and entrepreneurial flair. She currently serves as the Managing Director of Rangs Motors Ltd. and Ranks Construction Ltd., two influential companies that have helped shape Bangladesh’s commercial vehicle and infrastructure landscape. Additionally, she is a Director at RANGS Group, one of the country’s most diversified and [&hellip;]
- [Reolink Altas PT Ultra sets a new standard for Smart Home Security with 500 day battery life camera](https://www.gccstartup.news/gcc/reolink-altas-pt-ultra-sets-a-new-standard-for-smart-home-security-with-500-day-battery-life-camera/): UAE Reolink Altas PT Ultra sets a new standard for Smart Home Security with 500 day battery life camera: Reolink, a global leader in intelligent security solutions, proudly announces that its latest innovation, the Reolink Altas PT Ultra has been honored with the prestigious Berlin Design Award 2025. This recognition underscores Reolink’s relentless commitment to blending advanced engineering with standout aesthetics to redefine modern home security. Part of the acclaimed Altas Series, the Altas PT Ultra showcases the perfect union of form and function. Featuring 4K ColorX Ultra HD resolution, the camera delivers crystal-clear detail day and night, while the 360° [&hellip;]
- [ITHCA Group, Amazon invest in US chip tech pioneer Lumotive](https://www.gccstartup.news/gcc/ithca-group-amazon-invest-in-us-chip-tech-pioneer-lumotive/): Oman ITHCA Group, Amazon invest in US chip tech pioneer Lumotive: Lumotive, the US-based pioneer in programmable optical semiconductor technology, on Tuesday announced investments from Oman’s ITHCA Group and the Amazon Industrial Innovation Fund. The investments will help Lumotive rapidly accelerate product deployments in industrial applications and enhance its global market presence, the Redmond, Washington-based company said in a press statement. Lumotive said that the investment from ITHCA Group, Oman’s sovereign tech fund, reflects a strategic alignment with its breakthrough technology and the sultanate’s digital transformation goals. It said, ‘As Oman accelerates smart infrastructure and AI initiatives, Lumotive’s entry into the [&hellip;]
- [Omani startup SafaQat raises funding to expand AI-powered procurement platform](https://www.gccstartup.news/gcc/omani-startup-safaqat-raises-funding-to-expand-ai-powered-procurement-platform/): Oman Omani startup SafaQat raises funding to expand AI-powered procurement platform: SafaQat, an Omani digital procurement and purchasing platform, has successfully raised an undisclosed amount in strategic funding from the Oman Future Fund and the Idrak Group. The investment reflects growing confidence in local technology ventures and their role in building a sustainable digital economy. Supervised by the SME Development Authority (Riyada), SafaQat was founded by four brothers from the Wilayat of Nizwa — Majed, Sulaiman, Ibrahim, and Al Moatasem Al Saifi — during the COVID-19 lockdowns. The platform evolved from a simple quote-sharing tool into a comprehensive solution supporting competitive [&hellip;]
- [UAE, GCC Cities Dominate Global Safety Rankings with Top 10 Positions](https://www.gccstartup.news/gcc/uae-gcc-cities-dominate-global-safety-rankings-with-top-10-positions/): Dr Tausif Malik UAE, GCC Cities Dominate Global Safety Rankings with Top 10 Positions: In the latest Numbeo Safety Index rankings, UAE and GCC cities have emerged as the safest globally, with Abu Dhabi securing the number one spot as the world’s safest city, achieving an outstanding safety index score of 88.4. This recognition highlights the emirate’s unwavering commitment to public safety, security infrastructure, and community wellbeing. Coming in second is Doha, Qatar, with a strong safety index of 84.1, further solidifying the Gulf region’s reputation for peace and stability. Taipei, Taiwan, closely follows in third place with a score of [&hellip;]
- [Rostam Aziz Urges Investment in Youth to Drive Tanzania’s Vision 2050](https://www.gccstartup.news/global/africa/rostam-aziz-urges-investment-in-youth-to-drive-tanzanias-vision-2050/): Tanzania Balochi-Origin Leader Rostam Aziz Urges Investment in Youth to Drive Tanzania’s Vision 2050: The private sector has called upon the government to invest significantly in human capital development, particularly focusing on empowering the youth to accelerate Tanzania’s progress towards its Vision 2050 goals. Speaking today at the launch of the National Vision 2050 at the Jakaya Kikwete Convention Centre in Dodoma, private sector representative Rostam Aziz emphasized the urgent need to establish a Youth Fund. He proposed that this fund should have a dedicated budget to support local and international education in critical fields such as Artificial Intelligence, Science, and [&hellip;]
- [Titan To Acquire Damas Jewellery To Strengthen Gcc Market Presence](https://www.gccstartup.news/uncategorized/titan-to-acquire-damas-jewellery-to-strengthen-gcc-market-presence/): UAE/India Titan To Acquire Damas Jewellery To Strengthen Gcc Market Presence: Titan Company Limited (&#8220;Titan&#8221;) through its wholly owned subsidiary Titan Holdings International FZCO (&#8220;Titan Holdings&#8221;) has entered into an Agreement for the Sale and Purchase of Shares (&#8220;Definitive Agreement&#8221;), to acquire 67% stake in Damas LLC (UAE) (&#8220;Damas LLC&#8221;), current holding company for Damas jewellery business in GCC countries (&#8220;Damas Business&#8221;) from Mannai Corporation (&#8220;Mannai&#8221;) (&#8220;Proposed Transaction&#8221;). The current Graff Monobrand Franchisee business of Damas LLC will be discontinued before completion ofthe Proposed Transaction. The consideration for the Proposed Transaction is arrived on the basis of the enterprise value of [&hellip;]
- [Apple Retail Debuts in Saudi Arabia with Online Store Launch](https://www.gccstartup.news/gcc/apple-retail-debuts-in-saudi-arabia-with-online-store-launch/): Saudi Arabia Apple Retail Debuts in Saudi Arabia with Online Store Launch: Apple® announced the expansion of Apple Retail into the Kingdom of Saudi Arabia with the launch of the Apple Store® online and Apple Store app, introducing support directly from Apple in Arabic for the very first time. The arrival of the online store marks a new era for customers in Saudi Arabia, who will be able to shop Apple’s full range of products with exceptional service delivered by Apple’s talented, dedicated team members. “We are thrilled to bring the Apple Store online and the Apple Store app to Saudi [&hellip;]
- [Hotel101, Horizon Group Form Joint Venture To Develop 10,000 Rooms In Saudi Arabia](https://www.gccstartup.news/gcc/hotel101-horizon-group-form-joint-venture-to-develop-10000-rooms-in-saudi-arabia/): Saudi Arabia/Singapore Hotel101, Horizon Group Form Joint Venture To Develop 10,000 Rooms In Saudi Arabia: Hotel101 Global has embarked on a major expansion into the Kingdom of Saudi Arabia through a joint venture partnership agreement with Horizon Group, marking a significant step in the hospitality sector. This collaboration aims to develop approximately 10,000 rooms across the kingdom, contributing to a project value of around US$2.5 billion. HBNB is the global hotel expansion arm of the Philippine-based DoubleDragon Corporation. DoubleDragon is a prominent property company listed on the Philippine Stock Exchange, with over ₱214.84 Billion (~US$3.8 billion) in total assets as of [&hellip;]
- [Dubai launches world’s first human-machine icon classification system](https://www.gccstartup.news/gcc/dubai-launches-worlds-first-human-machine-icon-classification-system/): Dubai Dubai launches world’s first human-machine icon classification system: His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, and Chairman of the Board of Trustees of Dubai Future Foundation, approved the launch of a global classification system that defines the role of humans and machines in the research, production, and publication of creative, scientific, academic, and intellectual content. His Highness&nbsp;said: “Distinguishing between human creativity and artificial intelligence has become a real challenge in light of today’s rapid technological advances. This calls for a new approach to recognise the growing [&hellip;]
- [GENIUS Act Fulfills Trump’s Promise to Make America the Crypto Capital](https://www.gccstartup.news/global/america/genius-act-fulfills-trumps-promise-to-make-america-the-crypto-capital/): Dr Tausif Malik GENIUS Act Fulfills Trump’s Promise to Make America the Crypto Capital: In a historic move, President Donald J. Trump signed the GENIUS Act into law, paving the way for the United States to lead the global digital currency revolution. This landmark legislation prioritizes consumer protection, strengthens the U.S. dollar’s reserve currency status, and bolsters national security. Significantly, the GENIUS Act establishes the first-ever Federal regulatory framework for stablecoins. It mandates 100% reserve backing with liquid assets such as U.S. dollars or short-term Treasuries. Furthermore, it requires issuers to provide monthly public disclosures of their reserves&#8217; composition. By enforcing [&hellip;]
- [Nothing Unveils Flagship Phone (3), Headphone (1) at Dubai’s Museum of the Future:](https://www.gccstartup.news/gcc/nothing-unveils-flagship-phone-3-headphone-1-at-dubais-museum-of-the-future/): UAE Nothing Unveils Flagship Phone (3), Headphone (1) at Dubai’s Museum of the Future: London-based technology brand Nothing made waves in the global tech scene by launching its flagship Nothing Phone (3) and debut Headphone (1) at Dubai’s iconic Museum of the Future. As one of the first smartphone brands to host an event at this architectural marvel, Nothing showcased its bold vision to redefine personal technology. Nothing gave exclusive #100Drops activation on 17 July at 7 PM at Sharaf DG, Dubai Mall. This special drop gave fans and early adopters the opportunity to be among the first to own Nothing [&hellip;]
- [India Becomes First Country to Digitalize Traditional Medicine with AI Integration](https://www.gccstartup.news/global/india-becomes-first-country-to-digitalize-traditional-medicine-with-ai-integration/): Dr Shabana Parvez, MD FACEP India Becomes First Country to Digitalize Traditional Medicine with AI Integration: India has achieved a historic milestone by becoming the first country to digitalize traditional medicine systems using Artificial Intelligence (AI). The World Health Organization (WHO) recognized this pioneering effort in its first-ever technical brief titled “Mapping the Application of Artificial Intelligence in Traditional Medicine.” AI Enhances Diagnostics and Personalised Preventive Care In this landmark document, WHO highlighted India’s advancements in applying AI to Ayurveda, Siddha, Unani, Sowa Rigpa, and Homoeopathy. AI-driven diagnostic systems now combine traditional methods like pulse reading and Prakriti assessment with machine [&hellip;]
- [AmCham Kuwait holds energy roundtable discussion with U.S. Department of State](https://www.gccstartup.news/gcc/amcham-kuwait-holds-energy-roundtable-discussion-with-u-s-department-of-state/): Kuwait AmCham Kuwait holds energy roundtable discussion with U.S. Department of State: American Business Council – (ABCK-AmCham Kuwait) hosted an Energy Roundtable Discussion in collaboration with the U.S. Department of State, bringing together key industry stakeholders, financial institutions, and policymakers to explore Kuwait’s evolving energy landscape, challenges, and investment opportunities. The roundtable focused on Kuwait’s urgent need to reform its energy policies amid growing demand, rising production costs, and heavy subsidies that hinder private sector participation. With Kuwait recording the highest per capita energy consumption globally, and subsidizing electricity at just 1 cent per kilowatt-hour despite a production cost of 12 [&hellip;]
- [Thaksin Proposes Golden Visa to Boost Thailand’s Economy](https://www.gccstartup.news/global/asia/thaksin-proposes-golden-visa-to-boost-thailands-economy/): Thailand Former Prime Minister Thaksin Shinawatra has proposed the introduction of a golden visa scheme to attract wealthy foreigners as long-term residents, alongside an increase in passenger service fees, aiming to revive Thailand’s sluggish economy. Speaking at the “Unlocking Thailand’s Future” conference hosted by MCOT Plc on Thursday evening, Thaksin suggested that a golden visa scheme could potentially inject funds equivalent to Thailand’s US$500 billion economy. He envisioned attracting 600,000 individuals, each depositing significant sums for the visa in exchange for property ownership rights in Thailand. This, he said, would greatly benefit the real estate sector while funding education for Thai [&hellip;]
- [Dubai Chambers Launches Dubai Hub London To Enhance Support For International Investors](https://www.gccstartup.news/gcc/dubai-chambers-launches-dubai-hub-london-to-enhance-support-for-international-investors/): UAE Dubai Chambers has launched Dubai Hub London, its first international centre, aiming to provide integrated government and private sector services to global investors and companies looking to set up in Dubai. This new hub aligns with Dubai’s vision to become a global business capital. It offers seamless access to economic, real estate, and legal services under one roof, simplifying procedures for investors and entrepreneurs while strengthening the emirate’s reputation as a business-friendly destination. Supervised by Dubai Chambers and operated by Al Burj Holding as a government service outsourcing centre, Dubai Hub London is a licensed platform supporting Dubai’s global economic [&hellip;]
- [Dubai Firm Apologises for False Lifetime UAE Golden Visa Claims](https://www.gccstartup.news/gcc/dubai-firm-apologises-for-false-lifetime-uae-golden-visa-claims/): UAE Dubai Firm Apologises for False Lifetime UAE Golden Visa Claims. In a surprising turn of events, Dubai-based Rayad Group has apologised for spreading false information about lifetime UAE golden visas priced at Rs 23.30 lakh. Earlier this week, the company claimed that foreign nationals could obtain lifetime golden visas under simplified conditions via consulting or commercial entities. However, the UAE’s Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) swiftly denied these claims. According to Khaleej Times, the authority clarified that no such lifetime visa programme exists, dismissing the reports quoting Rayad Group. Consequently, Rayad Group issued an apology [&hellip;]
- [How Indians Can Apply for the UAE Golden Visa Without Leaving the Country](https://www.gccstartup.news/gcc/how-indians-can-apply-for-the-uae-golden-visa-without-leaving-the-country/): UAE How Indians Can Apply for the UAE Golden Visa Without Leaving the Country: Indian nationals aspiring for long-term residency in the UAE can now initiate their&nbsp;Golden Visa&nbsp;application process from India, thanks to a newly launched advisory service.&nbsp;VFS Global, in collaboration with&nbsp;Rayad Group, has introduced this initiative to simplify the application process for eligible candidates. Streamlined Process for Indian Applicants The&nbsp;UAE Golden Visa, a&nbsp;10-year residency permit, is designed for skilled professionals, investors, entrepreneurs, and creatives. Previously, applicants had to be physically present in the UAE to complete the process. However, this new service allows Indians to begin the&nbsp;nomination and pre-approval stages [&hellip;]
- [Flawless lands $1.5 million pre-seed to expand its career mentorship platform](https://www.gccstartup.news/uncategorized/flawless-lands-1-5-million-pre-seed-to-expand-its-career-mentorship-platform/): Saudi Arabia Flawless lands $1.5 million pre-seed to expand its career mentorship platform: Flawless, a Saudi-based digital platform offering AI-powered career guidance, has raised $1.5 million in a pre-seed funding round backed by a group of regional angel investors. The investment will be used to enhance the platform’s technology, improve user experience, and expand the company’s growing team. Flawless combines generative AI and social psychology insights to deliver tailored career recommendations to individuals navigating professional transitions. The platform evolved from a blog launched by founder Shaimaa Alghamdi in 2023 into a fully-fledged startup by 2024, addressing growing market demand for accessible, [&hellip;]
- [Robin launches from Cairo to lead the region’s advanced data science and AI landscape](https://www.gccstartup.news/mena-region/robin-launches-from-cairo-to-lead-the-regions-advanced-data-science-and-ai-landscape/): Egypt Robin launches from Cairo to lead the region’s advanced data science and AI landscape: Beltone Holding has officially launched Robin, it’s a wholly owned subsidiary specializing in data science and artificial intelligence (AI). This launch reflects Beltone’s belief in the transformative power of data science and AI to drive impactful business growth and enable informed decision-making. The launch of Robin comes as part of Beltone’s strategic vision to empower organizations with intelligent, scalable solutions that unlock value and accelerate growth across a fast-evolving business landscape. Robin, based in Cairo, is guided by a clear vision of simplifying complexity and converting data [&hellip;]
- [UAE, Cuba hold first session of their Joint Economic Committee](https://www.gccstartup.news/gcc/uae-and-cuba-hold-first-session-of-their-joint-economic-committee/): UAE UAE and Cuba hold first session of their Joint Economic Committee: The UAE Ministry of Economy and Tourism and the Ministry of Foreign Trade and Foreign Investment of the Republic of Cuba convened the first session of the Joint Economic Committee in Dubai. The meeting aimed to deepen bilateral economic cooperation across a wide range of sectors of mutual interest, including trade, investment, energy, renewable energy, agriculture, food security, infrastructure, transport, logistics, creative and cultural industries, healthcare, tourism, biotechnology, and pharmaceuticals. The session also underscored the importance of fostering robust public-private sector trade partnerships to drive sustainable growth for both [&hellip;]
- [London to Host London Economic Forum at Mansion House in October 2025](https://www.gccstartup.news/events/london-to-host-london-economic-forum-at-mansion-house-in-october-2025/): UK London to Host London Economic Forum at Mansion House in October 2025. London is gearing up to host a major economic summit in October 2025 at the iconic Mansion House, positioning itself alongside influential global gatherings such as Davos and Doha. Forum Theme: “Navigating A New Global Order” The summit, organised under the theme “Navigating A New Global Order,” will convene around 400 thought leaders from government, business, media, culture, academia, and civil society. The Rt Hon. Lord Graham Brady is leading the organising committee for this landmark event. “With the shifting political landscape in the US, London stands out [&hellip;]
- [New Dubai Initiative Makes Homeownership Easier for First-Time Buyers](https://www.gccstartup.news/gcc/new-dubai-initiative-makes-homeownership-easier-for-first-time-buyers/): UAE New Dubai Initiative Makes Homeownership Easier for First-Time Buyers: First-time property buyers in Dubai now have a golden opportunity to step onto the real estate ladder, thanks to a groundbreaking new initiative launched today. Spearheaded by the Dubai Land Department (DLD) and the Department of Economy and Tourism, this program offers exclusive perks, flexible financing, and priority access to help residents secure their dream homes. Key Benefits for First-Time Buyers The initiative, open to&nbsp;all UAE residents over 18&nbsp;who have never owned property before, provides:✅&nbsp;Priority access&nbsp;to new real estate project launches✅&nbsp;Discounted pricing&nbsp;on select residential units✅&nbsp;Flexible mortgage options&nbsp;from top banks✅&nbsp;Interest-free registration fees&nbsp;(a major cost saver)✅&nbsp;No [&hellip;]
- [First Income Tax in GCC: Oman Sets Historic Precedent with Parliamentary Approval](https://www.gccstartup.news/gcc/first-income-tax-in-gcc-oman-sets-historic-precedent-with-parliamentary-approval/): Oman First Income Tax in GCC: Oman Sets Historic Precedent with Parliamentary Approval. In a groundbreaking move, Oman’s Parliament has approved the Gulf region’s first personal income tax, marking a bold step toward fiscal reform and long-term economic diversification. The draft law, passed in July, now awaits final approval by the State Council. Once enacted, it will position Oman as a pioneer among Gulf Cooperation Council (GCC) nations, where tax-free income has long been a hallmark. The proposed tax will apply differently to citizens and expatriates. Omani nationals will face a 5% flat tax on net global income exceeding $1 million. [&hellip;]
- [Millionaires on the Move: UAE Gains, UK Braces for Historic Wealth Flight](https://www.gccstartup.news/gcc/millionaires-on-the-move-uae-gains-uk-braces-for-historic-wealth-flight/): USA Millionaires on the Move: UAE Gains, UK Braces for Historic Wealth Flight: A record-breaking 142,000 millionaires are projected to relocate internationally this year, with the UK expected to see the largest net outflow of high-net-worth individuals (HNWIs) by any country since international investment migration advisory firm Henley &amp; Partners and global wealth intelligence firm New World Wealth began tracking millionaire migration 10 years ago. According to the&nbsp;Henley Private Wealth Migration Report 2025&nbsp;published today, the UK is forecast to lose a staggering&nbsp;–16,500&nbsp;millionaires in 2025 — more than double the anticipated –7,800 net outflow from China, ranked 2nd&nbsp;this year after topping the millionaire-loser leaderboard every year over the [&hellip;]
- [China extends visa-free access to Gulf countries](https://www.gccstartup.news/gcc/china-extends-visa-free-access-to-gulf-countries/): China China extends visa-free access to Gulf countries: China this week launched a trial policy that grants unilateral visa-free entry to citizens of Saudi Arabia, Oman, Kuwait, and Bahrain, expanding its unilateral visa-free access list to 47 countries. Under the policy, which will remain in effect through June 8, 2026, holders of ordinary passports from these four countries can enter China without a visa for up to 30 days for purposes such as business, tourism, family visits, cultural exchange, and transit. Both the United Arab Emirates (UAE) and Qatar have established reciprocal visa-free arrangements with China since 2018, which means all [&hellip;]
- [New UAE Initiative to Validate Academic Degrees in Private Sector](https://www.gccstartup.news/gcc/new-uae-initiative-to-validate-academic-degrees-in-private-sector/): UAE New UAE Initiative to Validate Academic Degrees in Private Sector: The Ministry of Human Resources and Emiratisation (MoHRE), in partnership with the Ministry of Higher Education and Scientific Research (MoHESR), has launched a digital integration project to enable the verification of academic qualifications, marking a pioneering step forward towards an integrated digital employment environment. The project aligns with the UAE’s vision to drive digital transformation, streamline government processes, and enable private sector employers to verify workers’ academic qualifications electronically, whether they were issued in the UAE or abroad. The initiative facilitates the delivery of fast, reliable government services that meet [&hellip;]
- [Union Minister Piyush Goyal Criticizes Startup Trends at Startup Mahakumbh 2025](https://www.gccstartup.news/events/union-minister-piyush-goyal-criticizes-startup-trends-at-startup-mahakumbh-2025/): Indian Union Minister Piyush Goyal Criticizes Startup Trends at Startup Mahakumbh 2025. At the highly anticipated Startup Mahakumbh 2025, Union Minister Piyush Goyal delivered a pointed critique of India’s startup ecosystem, raising concerns over whether the country’s entrepreneurs are focusing on the right priorities. Goyal specifically questioned the proliferation of high-end ice cream and cookie brands marketed as startups while critical sectors like semiconductors and artificial intelligence (AI) remain underdeveloped. “Is This India’s Destiny?” – Goyal Challenges Startup Landscape Speaking at the event on April 3, 2025, Goyal contrasted India’s startup landscape with China’s rapid advancements in electric vehicles (EVs), battery [&hellip;]
- [Mayor Ross Launches Rotary Club, RiseBack’s “Start Here, Go Anywhere” — World’s First "Study Now, Pay Later" Model for Affordable Higher Education](https://www.gccstartup.news/global/america/mayor-ross-launches-rotary-club-risebacks-start-here-go-anywhere-worlds-first-study-now-pay-later-model-for-affordable-higher-education/): USA The Rotary Club of Arlington Highlands, in partnership with RiseBack, is proud to introduce the&nbsp;Affordable Higher Education Initiative, a groundbreaking program designed to eliminate financial obstacles and empower individuals to pursue their educational and career goals. This initiative features the&nbsp;World&#8217;s 1st &#8220;Study Now, Pay Later&#8221; Innovative Payment Model, which includes zero upfront costs, repayment after employment, flexible payment plans, and Rotary-funded scholarships. By aligning education with career success, this model ensures accessibility and opportunity for all. The initiative was officially unveiled at the&nbsp;“Start Here, Go Anywhere”&nbsp;event on&nbsp;March 18, 2025, held at the Arlington Life Center in Arlington, Texas. The event [&hellip;]
- [Bahrain Launches Golden Residency Visa Program for 2025](https://www.gccstartup.news/gcc/bahrain-launches-golden-residency-visa-program-for-2025/): Bahrain Bahrain Launches Golden Residency Visa Program for 2025. In a strategic move to attract global talent and investment, Bahrain has officially opened applications for its Golden Residency Visa program for 2025. The initiative offers qualified foreign nationals an extended pathway to live and work in the kingdom with exclusive benefits. Expanding Bahrain&#8217;s Appeal to Foreign Residents The program, administered by Bahrain’s&nbsp;Ministry of Interior, is designed to draw&nbsp;high-net-worth individuals, skilled professionals, and long-term expatriates&nbsp;to strengthen the country’s workforce and economy. Eligible categories include&nbsp;investors, property owners, retirees, entrepreneurs, and specialized professionals&nbsp;with significant contributions to Bahrain. Structured Eligibility Requirements Applicants must meet specific financial and [&hellip;]
- [Foras Acquires 36% Stake in Beban Crowdfunding to Boost MENA Startup Ecosystem](https://www.gccstartup.news/uncategorized/foras-acquires-36-stake-in-beban-crowdfunding-to-boost-mena-startup-ecosystem/): Bahrain Foras Acquires 36% Stake in Beban Crowdfunding to Boost MENA Startup Ecosystem. Foras, a leading Abu Dhabi-based investment firm specializing in innovative startups across the MENA region, has announced its acquisition of a 36% stake in Beban, a Central Bank of Bahrain-licensed crowdfunding platform operator. This strategic investment aims to accelerate the growth of startups and enhance access to capital for entrepreneurs throughout the region, marking a significant milestone in the MENA entrepreneurial landscape. A Strategic Partnership for Growth The acquisition underscores Foras’ commitment to empowering entrepreneurs and bridging the funding gap for small and medium-sized enterprises (SMEs). Mohamed Abouelnaga, [&hellip;]
- [Moroccan superapp ORA Technologies secures $1.9 million pre-Series A](https://www.gccstartup.news/mena-region/moroccan-superapp-ora-technologies-secures-1-9-million-pre-series-a/): Morocco Moroccan superapp ORA Technologies secures $1.9 million pre-Series A. ORA Technologies becomes one of the most locally funded Moroccan startups and announces a $1.9 million Pre-Series A funding round led by Witamax &amp; Azur Innovation Fund. Historically backed by local tycoons, ORA Technologies is welcoming for the very first time VCs in its cap table to reach $4.4 million in funding since the company&#8217;s inception in 2023. This funding round demonstrates strong confidence from local investors in ORA’s disruptive journey. In the boiling Moroccan tech ecosystem, ORA Technologies is well-known as the maverick startup aiming to tackle Morocco’s digital and [&hellip;]
- [Trump Announces $5 Million ‘Gold Card’ Path to Citizenship, Replacing EB-5 Investor Visas](https://www.gccstartup.news/global/america/trump-announces-5-million-gold-card-path-to-citizenship-replacing-eb-5-investor-visas/): Dr. Tausif Malik Trump Announces $5 Million ‘Gold Card’ Path to Citizenship, Replacing EB-5 Investor Visas. In a bold move to attract wealthy investors and top talent, U.S. President Donald Trump unveiled plans on Tuesday to introduce a “Trump Gold Card” program, offering a path to citizenship for $5 million. The new initiative will replace the 35-year-old EB-5 investor visa program, which has faced criticism for fraud and inefficiencies. Speaking from the Oval Office, President Trump emphasized the economic benefits of the program. “They’ll be wealthy, they’ll be successful, and they’ll be spending a lot of money, paying a lot of [&hellip;]
- [Afghani Expat Businessman Mirwais Azizi Makes Historic AED 3 Billion Contribution to UAE’s Fathers’ Endowment Campaign](https://www.gccstartup.news/gcc/afghani-expat-businessman-mirwais-azizi-makes-historic-aed-3-billion-contribution-to-uaes-fathers-endowment-campaign/): Dr. Tausif Malik Afghani Expat Businessman Mirwais Azizi Makes Historic AED 3 Billion Contribution to UAE’s Fathers’ Endowment Campaign. In the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Azizi Developments pledges support for a humanitarian medical complex, including a hospital, research center, and medical training facility. Largest Individual Private Sector Contribution in UAE History In a landmark moment for philanthropy in the UAE, Afghani expatriate businessman Mirwais Azizi, Founder and Chairman of Azizi Developments, announced a staggering AED 3 billion contribution to the Fathers’ Endowment campaign. The announcement was made in the presence of His Highness Sheikh Mohammed [&hellip;]
- [Johor-Singapore Special Economic Zone (JS-SEZ): A Game-Changer for Regional Growth and Investment](https://www.gccstartup.news/global/asia/johor-singapore-special-economic-zone-js-sez-a-game-changer-for-regional-growth-and-investment/): Dr. Tausif Malik Johor-Singapore Special Economic Zone (JS-SEZ): A Game-Changer for Regional Growth and Investment. On 7 January 2025, the governments of Singapore and Malaysia signed a historic agreement to establish the Johor-Singapore Special Economic Zone (JS-SEZ) in the southern Malaysian state of Johor. This landmark initiative aims to boost investment, enhance the movement of goods and people, and strengthen economic ties between the two nations. The JS-SEZ is expected to attract high-value investments across key sectors such as manufacturing, tourism, renewable energy, and logistics, marking a new chapter in cross-border collaboration. What is a Special Economic Zone (SEZ)? A Special [&hellip;]
- [Bahrain's LMRA Introduces a 6-Month Work Permit Option](https://www.gccstartup.news/gcc/bahrains-lmra-introduces-a-6-month-work-permit-option/): Bahrain Bahrain&#8217;s LMRA Introduces a 6-Month Work Permit Option for Expatriate Workers Already Residing in Bahrain. The Labour Market Regulatory Authority (LMRA) has announced the introduction of a 6-month work permit option specifically for expatriate workers already residing in the Kingdom of Bahrain and working in the commercial sector. This initiative aims to facilitate business operations and respond to market suggestions and needs, adding to the existing one- and two-year permit options. The LMRA emphasized that this new option is exclusively for expatriate workers already in Bahrain and does not include recruitment from abroad. This measure is expected to achieve several [&hellip;]
- [Saudi Arabia Allows Foreigners to Invest in Real Estate in Makkah and Madinah](https://www.gccstartup.news/gcc/saudi-arabia-allows-foreigners-to-invest-in-real-estate-in-makkah-and-madinah/): Saudi Arabia Saudi Arabia Allows Foreigners to Invest in Real Estate Companies Operating in Makkah and Madinah. The Saudi Capital Market Authority (CMA) has announced that foreign investors are now permitted to invest in Saudi-listed companies that own real estate within the cities of Makkah and Madinah, effective Monday. According to a statement by the CMA, the approval pertains to the “Controls for the Exclusion of Companies Listed in the Saudi Stock Exchange (Tadawul) from the Meaning of the Phrase (Non-Saudi) in accordance with the Law of Real Estate Ownership and Investment by Non-Saudis.&#8221; This initiative aims to foster investment, enhance [&hellip;]
- [Ibtikar Fund backs Nabeeh with undisclosed investment](https://www.gccstartup.news/gcc/ibtikar-fund-backs-nabeeh-with-undisclosed-investment/): Saudi Arabia/Palestine Ibtikar Fund backs Nabeeh with undisclosed investment. Ibtikar Fund is excited to announce its investment in Nabeeh, a game-changing PropTech startup revolutionising maintenance and cleaning services for property owners, real estate operators, and multi-branch businesses through cutting-edge technology and on-demand innovation. This investment underscores Ibtikar Fund’s strategy of supporting innovative and scalable startups that address real market needs and deliver strong returns. “Nabeeh’s impressive growth trajectory and its ability to penetrate key markets like Saudi Arabia reflect its potential to become a dominant player in the maintenance and facility management space,” said Reem Qawasmi, venture partner at Ibtikar Fund. [&hellip;]
- [BBC 100 Women 2024: Who is on the List This Year from the MENA Region?](https://www.gccstartup.news/gcc/bbc-100-women-2024-who-is-on-the-list-this-year-from-the-mena-region/): Dr. Shabana Parvez, MD FACEP The BBC has revealed its list of 100 inspiring and influential women from around the world for 2024. This year’s list highlights resilience and innovation amid global challenges, celebrating women who are pushing boundaries and leading change in diverse fields. It also underscores the ongoing impact of the climate emergency, featuring pioneers tackling its effects in their communities. Here are the remarkable women from the Middle East and North Africa (MENA) region who made it to the list: Names are listed in no particular order. Plestia Alaqad, Palestine Journalist and WriterAt just 22 years old, Plestia [&hellip;]
- [Jada Fund of Funds invests in SEEDRA Ventures' second fund](https://www.gccstartup.news/uncategorized/jada-fund-of-funds-invests-in-seedra-ventures-second-fund/): Saudi Arabia Jada Fund of Funds announced their commitment to SEEDRA Ventures Fund II, a newly launched venture capital fund managed by SEEDRA Ventures. This investment is part of Jada’s ongoing strategy to support the growth and development of early-stage companies across diverse sectors in Saudi Arabia and the MENA region. Bandr Alhomaly, Managing Director and CEO of Jada Fund of Funds, said, “Our commitment to SEEDRA Ventures Fund II underscores our focus on enabling early-stage businesses that contributes to the Kingdom’s economic transformation in alignment with Vision 2030.” “We are grateful for Jada’s trust and commitment to the entrepreneurial ecosystem [&hellip;]
- [Mohammed Bin Rashid Innovation Fund (MBRIF) Announces MoU with Wio Bank](https://www.gccstartup.news/gcc/mohammed-bin-rashid-innovation-fund-announces-mou-with-wio-bank/): UAE The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by the Ministry of Finance to support innovation in the UAE, has signed a Memorandum of Understanding (MoU) with Wio Bank PJSC, the region’s first platform bank, to provide MBRIF members with exclusive benefits through Wio Bank’s tailored digital banking solutions. As part of the collaboration, MBRIF members will benefit from a comprehensive Business Bundle. This includes streamlined onboarding, a six-month free subscription to Wio Business, and quarterly networking sessions to explore innovative banking solutions. Wio Business, the bank’s flagship digital banking application, offers features tailored to businesses of all sizes, [&hellip;]
- [PM Modi Offers To Share With World India's Expertise On Using Digital Tech, AI](https://www.gccstartup.news/global/asia/pm-modi-offers-to-share-with-world-indias-expertise-on-using-digital-tech-ai/): Dr. Tausif Malik PM Modi Offers To Share With World India&#8217;s Expertise On Using Digital Tech, AI. Prime Minister Narendra Modi has emphasized India&#8217;s global leadership in leveraging digital technology and artificial intelligence (AI) to enhance governance and improve lives. Speaking at the G20 Summit&#8217;s event on Digital Public Infrastructure (DPI), AI, and Data for Governance (DfG), he reaffirmed India’s commitment to sharing its expertise worldwide. Addressing a distinguished audience on Tuesday, PM Modi said, “We will continue the focus on the transformative potential of DPI, AI, and data-driven governance to advance the SDGs (Sustainable Development Goals) and enhance lives globally. [&hellip;]
- [Pakistani-American Investors Commit $20 Million to Boost Pakistan’s IT Sector](https://www.gccstartup.news/gcc/pakistani-american-investors-commit-20-million-to-boost-pakistans-it-sector/): USA Pakistani-American Investors Commit $20 Million to Boost Pakistan’s IT Sector. In a major leap for Pakistan’s IT sector, Pakistani-American investors pledged over $20 million at the Pakistan-U.S. Tech Investment Conference held in California. The event showcased Pakistan’s tech potential and reinforced the role of the diaspora in driving investments and innovation. Keynote Highlights Support for IT Growth The conference, inaugurated by Pakistan’s Ambassador to the United States, Rizwan Saeed Sheikh, was organized by the Pakistani Consulate in Los Angeles with backing from the Ministry of IT &amp; Telecom, Ministry of Commerce, Pakistan Software Export Board (PSEB), and Trade Development Authority [&hellip;]
- [25 Top Highest Paying Jobs and Careers in Qatar](https://www.gccstartup.news/gcc/25-top-highest-paying-jobs-and-careers-in-qatar/): Dr. Tausif Malik 25 Top Highest Paying Jobs and Careers in Qatar. Qatar, one of the world’s wealthiest nations, boasts a high-income economy fueled by vast oil and natural gas reserves. The government&#8217;s strategic plans aim to sustain economic growth, positioning Qatar as a rapidly developing region in the Middle East. Consequently, Qatar has become a magnet for expatriates seeking lucrative job opportunities and career advancement. A Hub for Tax-Free Jobs and Economic Success Foreigners and expatriates are drawn to Qatar for its tax-free salaries, fair employment practices, and advanced working conditions. These factors significantly enhance the appeal of this Gulf state. [&hellip;]
- [Empowering India’s Space Economy: Union Cabinet Launches Rs. 1,000 Crore Venture Capital Fund](https://www.gccstartup.news/funding/empowering-indias-space-economy-union-cabinet-launches/): India In a groundbreaking move, the Union Cabinet, led by Prime Minister Narendra Modi, has approved a Rs. 1,000 crore Venture Capital (VC) Fund aimed at accelerating India’s space sector. Under the guidance of IN-SPACe (Indian National Space Promotion and Authorization Center), this initiative seeks to empower space startups, boost India’s space economy, and position the nation as a major global player in space technology. Aligned with Atmanirbhar Bharat, the fund will drive innovation, self-reliance, and economic growth across India’s high-tech sectors. Strategic Objectives of the VC Fund The Rs. 1,000 crore fund aligns with the 2020 space reforms and aims [&hellip;]
- [Kuwait Reopens Work Visas for Foreign Nationals](https://www.gccstartup.news/uncategorized/kuwait-reopens-work-visas-for-foreign-nationals/): Kuwait Kuwait Reopens Work Visas for Foreign Nationals on Temporary Government Contracts. Kuwait’s Public Authority for Manpower (PAM) has recently announced the reopening of work visas for foreign nationals under temporary contracts. This decision, which applies to government projects lasting under a year, aims to address Kuwait’s labour needs for short-term public sector projects. PAM announced the move last week, following directives from Sheikh Fahad Yousef Saud Al Sabah, the First Deputy Prime Minister, Minister of Defence, and Minister of Interior. Kuwait&#8217;s Evolving Visa Policies in 2024 Kuwait’s visa policies have seen several updates this year. In June, the country lifted [&hellip;]
- [Global Boycotts, Health Scares Hit Major Brands, Impacting Sales](https://www.gccstartup.news/gcc/global-boycotts-health-scares-hit-major-brands-impacting-sales-in-the-middle-east-south-asia/): Dr. Tausif Malik In the wake of the ongoing Palestinian crisis, major global brands, including McDonald’s, Coca-Cola, and Starbucks, are facing worldwide boycotts that have significantly affected their sales, especially in the Middle East and South Asia. These brands have not only experienced stock price drops but are also grappling with declining consumer trust and activism, which have severely impacted their revenues in these key regions. McDonald’s Stock Falls Amid E. Coli Outbreak and Boycotts McDonald’s experienced a sharp 6.8% drop in stock price after an E. coli outbreak linked to its Quarter Pounder hamburgers led to one death and sickened [&hellip;]
- [7th Doha Women Forum attracts 300 participants](https://www.gccstartup.news/gcc/7th-doha-women-forum-attracts-300-participants/): Dr. Shabana Parvez, MD The 7th edition of the Doha Women Forum successfully concluded on September 21, 2024, at The Westin Doha Hotel &amp; Spa, with a record attendance of nearly 300 participants. The forum, a leading platform for empowering women across various fields, brought together influential women leaders, entrepreneurs, industry experts, and thought leaders to discuss the critical role women play in building a peaceful, secure, and inclusive world. Since its launch in 2015, the Doha Women Forum has continued to grow in relevance and impact within the community. Forum founder Conchita Ponce described the event as &#8220;more than just [&hellip;]
- [Lulu Group Plans Major IPO on Abu Dhabi Bourse](https://www.gccstartup.news/gcc/lulu-group-plans-major-ipo-on-abu-dhabi-bourse/): UAE Lulu Group Plans Major IPO on Abu Dhabi Bourse. The UAE retail giant Lulu Group has announced plans to list 25% of its share capital on the Abu Dhabi bourse, marking a significant move as the company seeks to leverage the ongoing economic momentum and a burgeoning listing boom in the Emirates. The hypermarket chain operator intends to float over 2.5 billion shares at a nominal value of Dh0.051 ($0.014) each through an initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). Founded by Indian-born businessman Yusuff Ali in 1974, Lulu operates over 240 hypermarkets and shopping malls [&hellip;]
- [15th KHADIJAH CME Conference Coming to Dallas, Oct 25-27](https://www.gccstartup.news/events/15th-khadijah-cme-conference-coming-to-dallas-oct-25-27/): Dr. Shabana Parvez, MD The 15th National KHADIJAH CME Conference, organized by the Mizan Institute (IMI), will be held from October 25-27, 2024, at the luxurious Westin Galleria Dallas Hotel. This prestigious event will honor the historical contributions of female leaders through the theme “Knowledge, Healthcare Advances, and Digital Innovations for Joint Achievements in Health (KHADIJAH).” This dynamic conference will bring together healthcare professionals, government officials, academics, and community leaders from around the world. It emphasizes IMI’s mission to advance healthcare, education, capacity building, and the integration of faith-based approaches in health services. Participants will engage in collaborative discussions, interactive workshops, [&hellip;]
- [Türkiye Launches Tech Visa Program to Attract Global Talent and Innovators](https://www.gccstartup.news/mena-region/turkiye-launches-tech-visa-program/): Türkiye Türkiye Launches Tech Visa Program to Attract Global Talent and Innovators. Türkiye has officially launched its Tech Visa Program, targeting global talent with advanced technological skills and innovative business models to strengthen the country&#8217;s growing tech ecosystem. The program was introduced at a joint event featuring Industry and Technology Minister Mehmet Fatih Kacır and Labor and Social Security Minister Vedat Işıkhan. This initiative marks a significant milestone in Türkiye’s journey to becoming a global technology hub. Minister Kacır emphasized that the Tech Visa Program plays a key role in positioning Türkiye as a leader in the global technology landscape. The [&hellip;]
- [Indian American-Led Calibike, Revolutionary Electric Bike, Launched by Mayor of Corona](https://www.gccstartup.news/global/america/indian-american-led-calibike-revolutionary-electric-bike-launched-by-mayor-of-corona/): Dr. Tausif Malik Indian American-Led Calibike, Revolutionary Electric Bike, Launched by Mayor of Corona. Calibike, a pioneering electric bike company dedicated to promoting sustainable transportation, officially launched its product on September 14th, 2024, at the Corona City Council Hall. This momentous event underscored Calibike’s commitment to eco-friendly commuting, while aligning with California’s progressive environmental and electric vehicle (EV) policies. The event featured Mayor of Corona, Tom Richins, as the Chief Guest. His presence highlighted the growing importance of sustainable mobility solutions and community-driven efforts to reduce carbon footprints. Mayor Richins praised Calibike&#8217;s vision, stating, &#8220;Calibike represents the kind of innovative, forward-thinking [&hellip;]
- [Oman Unveils New Corporate and VAT Tax Rates Aligned with Vision 2040](https://www.gccstartup.news/gcc/oman-unveils-new-corporate-and-vat-tax-rates-aligned-with-vision-2040/): Oman Oman Unveils New Corporate and VAT Tax Rates Aligned with Vision 2040. Oman&#8217;s Tax Authority has announced updated corporate income tax and VAT rates. These changes reflect the country’s commitment to fostering economic growth and supporting small and medium enterprises (SMEs). while ensuring that taxation policies are streamlined to meet national goals. New Corporate Income Tax Rates The newly introduced corporate income tax rates are designed to encourage business development across various sectors. The Tax Authority has established three tiers for corporate taxation: These rates adhere to the guidelines outlined in Ministerial Resolution No. (14/2019). It incorporates all relevant amendments [&hellip;]
- [Pakistan Introduces Visa on Arrival for GCC Residents, Waives Fees for 126 Countries](https://www.gccstartup.news/gcc/pakistan-introduces-visa-on-arrival-for-gcc-residents/): Pakistan Pakistan Introduces Visa on Arrival for GCC Residents, Waives Fees for 126 Countries. In a significant policy shift aimed at boosting tourism and business ties, Pakistan has announced visa-on-arrival services for residents of Gulf Cooperation Council (GCC) countries, including Oman, and waived visa fees for nationals from 126 countries. This new initiative, announced by Pakistan’s Information Minister Ataullah Tarar, is expected to simplify travel and enhance economic relations between Pakistan and these regions. Simplified Visa Process for Gulf Residents Residents of Gulf countries—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates—will now benefit from an easier on-arrival visa [&hellip;]
- [UAE to Launch Two-Month Amnesty for Expired Visa Holders](https://www.gccstartup.news/gcc/uae-to-launch-two-month-amnesty-for-expired-visa-holders-in-september/): UAE UAE to Launch Two-Month Amnesty for Expired Visa Holders in September. Starting in September, the UAE will offer a two-month amnesty to individuals with expired residency visas, providing them an opportunity to regularize their status or leave the country without facing fines. This initiative, launched by the Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP), reflects the UAE’s commitment to compassion and tolerance. The amnesty period is designed to help those who have overstayed their visas to “regularize their status in accordance with the law,” according to the ICP. This move aims to alleviate the burden on those [&hellip;]
- [Most Popular Jobs in Dubai and the UAE](https://www.gccstartup.news/gcc/most-popular-jobs-in-dubai-and-the-uae/): UAE Most Popular Jobs in Dubai and the UAE. The United Arab Emirates (UAE), located in the Middle East and bordered by the Gulf of Oman and the Persian Gulf, has become a hub of opportunities for job seekers worldwide. Its strategic position near the Strait of Hormuz, a vital gateway for global crude oil, and its thriving economy make it a magnet for professionals seeking career advancement and lifelong learning. Attractive destination for Professionals &amp; Entrepreneurs The UAE stands out as an attractive destination for professionals and entrepreneurs, offering a dynamic environment that bridges the best of Eastern and Western [&hellip;]
- [India Scraps 'Angel Tax'; Startup Investors Rejoice – Boost for Space Startups](https://www.gccstartup.news/funding/india-scraps-angel-tax-startup-investors-rejoice-boost-for-space-startups/): India India Scraps &#8216;Angel Tax&#8217;; Startup Investors Rejoice – Boost for Space Startups. In a landmark decision, India has abolished the controversial &#8216;angel tax&#8217; imposed on investors funding its startups. This move, announced on Tuesday, is expected to significantly boost innovation. and attract increased funding for new businesses in Asia&#8217;s third-largest economy. A New Chapter for Startups Finance Minister Nirmala Sitharaman made the announcement during her budget speech, declaring, &#8220;To bolster the Indian startup ecosystem, boost entrepreneurial spirit, and support innovation, I propose abolishing angel tax for all classes of investors.&#8221; This decision addresses a long-standing demand from the startup community [&hellip;]
- [Skills England Launched to Drive Growth and Transform Opportunities](https://www.gccstartup.news/global/europe/skills-england-launched-to-drive-growth-and-transform-opportunities/): Skills England Launched to Drive Growth and Transform Opportunities. In a significant move to boost the nation&#8217;s economy and address the pressing skills shortages, the UK government has announced the launch of Skills England. This new body aims to unify the fragmented skills landscape and create a cohesive national strategy to enhance skills development across all regions. The announcement was made by Prime Minister Keir Starmer and Education Secretary Bridget Phillipson, marking a decisive step towards meeting the nation&#8217;s future skills needs. A New Leadership for a Unified Strategy Richard Pennycook CBE, former chief executive of the Co-operative Group and lead [&hellip;]
- [Young Indian Woman Breaks Barriers as UAE's Youngest Truck Driver](https://www.gccstartup.news/gcc/young-indian-woman-breaks-barriers-as-uaes-youngest-truck-driver/): UAE Young Indian Woman Breaks Barriers as UAE&#8217;s Youngest Truck Driver. In the UAE, it&#8217;s rare to see a truck driver in an abaya. For Fouzia Zahour, however, it’s an everyday sight. Every morning, she climbs into her 22-wheeler, grabs the steering wheel, and maneuvers through the roads with ease, wearing her traditional Emirati attire and flats. Fouzia isn’t just any truck driver; she’s the youngest woman in the UAE to earn a heavy vehicle license. &#8220;I experienced no preferential treatment during the licensing process,&#8221; she told Khaleej Times. Fouzia, who aced her driving test on her first attempt, hails from [&hellip;]
- [Dubai businessmen launch low-cost airline Air Kerala](https://www.gccstartup.news/gcc/dubai-businessmen-launch-low-cost-airline-air-kerala/): UAE Dubai businessmen launch low-cost airline Air Kerala. The Union Ministry of Civil Aviation has granted an operating license to &#8216;Air Kerala,&#8217; a Kerala-based airline, bringing joy and excitement to the people of the state. Air Kerala, the brainchild of UAE entrepreneurs Afi Ahmed and Ayub Kallada, will be the first regional airline in Kerala. &#8220;This is the result of years of our hard work,&#8221; said Afi Ahmed, speaking to Press Conference. &#8220;My partners and I have been working tirelessly to make this a reality. Many questioned us, saying it would never happen. We still have a long way to go, [&hellip;]
- [Times of Bahrain hosts the TOB Icon Awards 2024](https://www.gccstartup.news/gcc/times-of-bahrain-hosts-the-tob-icon-awards-2024/): Bahrain The Times of Bahrain hosted the TOB Icon Awards 2024, celebrating outstanding achievements and contributions across diverse fields such as business, social work, sports, and more. The grand ceremony was held on July 4th at The Art Hotel &amp; Resort on Amwaj Island, Bahrain. The Times of Bahrain is committed to honoring those who drive progress and positive change. This year&#8217;s awards highlight the remarkable accomplishments of individuals who have significantly impacted their communities and industries, showcasing their dedication, innovation, and leadership. H.E. Dr. Shaikha Rana bint Isa bin Daij Al Khalifa &#8211; TOB Women Empowerment Award H.E. Dr. Shaikha [&hellip;]
- [Muscat Hosts Islamic World AI Charter Regional Workshop for Asia and Middle East](https://www.gccstartup.news/gcc/muscat-hosts-islamic-world-ai-charter-regional-workshop-for-asia-and-middle-east/): Oman Muscat Hosts Islamic World AI Charter Regional Workshop for Asia and Middle East. Muscat, the Omani capital, is currently hosting the Islamic World AI Charter Regional Workshop (IWAIC) for the Asia and Middle East regions. High-Level Participation and Opening Remarks Organized by the Islamic World Educational, Scientific, and Cultural Organization (ICESCO), the event partners with University of Technology and Applied Sciences (UTAS) and the Ministry of Transport, Communications, and Information Technology of Oman. The workshop kicked off on Tuesday, July 2, 2024, under the patronage of Dr. Khamis bin Saif Al Jabri, Chairman of the Oman Vision 2040 Implementation Follow-up [&hellip;]
- [Launched Sidrah 3.0 Leadership Program for Omani Women](https://www.gccstartup.news/gcc/launched-sidrah-3-0-leadership-program-for-omani-women/): Oman Sidrah 3.0, the third edition of the leadership program for Omani women, has officially launched, bringing much excitement and promise. Building on the successes of the last two years, where 106 women advanced in their professional journeys. Sidrah 3.0 aims to shape entrepreneurial mindsets aligned with Oman’s evolving socio-economic landscape. Co-designed and co-run by Lahunna Oman and Outward Bound Oman. Sidrah 3.0 welcomes a diverse group of young women aged 20-35 from across the Sultanate. The participants include jobseekers, young professionals, and entrepreneurs, all united to learn, lead, and innovate. This two-phased program is crafted to equip participants with entrepreneurial [&hellip;]
- [Oman Eases Restrictions on Promotional Campaigns to Boost Local Markets](https://www.gccstartup.news/gcc/oman-eases-restrictions-on-promotional-campaigns-to-boost-local-markets/): Oman Oman Eases Restrictions on Promotional Campaigns to Boost Local Markets. In a bold move to invigorate local markets and enhance competitiveness, the Omani government announced that businesses can now launch their promotional campaigns without prior permission from the Ministry. This significant policy shift aims to make it easier for companies to offer discounts and special offers, ensuring more affordable pricing for consumers. The new initiative includes several key conditions to maintain fairness and prevent market disruption. Firstly, discounts offered should not exceed 30 percent. Furthermore, promotional offers and discounts can be held for a maximum of three consecutive days per [&hellip;]
- [GCC Startup Ecosystem on the Rise: Qatar and UAE Lead the Way](https://www.gccstartup.news/gcc/gcc-startup-ecosystem-on-the-rise-qatar-and-uae-lead-the-way/): GCC Startup Ecosystem on the Rise: Qatar and UAE Lead the Way. StartupBlink, the leading global startup ecosystem map and research center, has launched its Global Startup Ecosystem Index 2024. This comprehensive index provides the latest research on the global startup economy, ranking 100 countries and 1000 cities based on an objective algorithm using quantifiable data. The GCC region, particularly Qatar and the United Arab Emirates (UAE), showed remarkable progress in this year&#8217;s rankings. Qatar&#8217;s Impressive Climb Qatar made a significant leap in the 2024 Index, climbing 11 spots to rank 79th globally, marking the largest jump among the top 100 [&hellip;]
- [Canada Eases Work Permit Rules for U.S. H-1B Visa Holders, Aims to Become Leading IT Destination](https://www.gccstartup.news/global/america/canada-eases-work-permit-rules-for-u-s-h-1b-visa-holders-aims-to-become-leading-it-destination/): Canada Canada Eases Work Permit Rules for U.S. H-1B Visa Holders, Aims to Become Leading IT Destination. Canada’s recent decision to relax work permit rules for U.S. H-1B visa holders marks a significant milestone in international workforce mobility. This strategic move by Canada’s to position itself as a premier destination for highly skilled professionals, particularly in IT-related fields. This demonstrates its commitment to maintaining a competitive edge in the global talent pool. A Strategic Shift in Workforce Mobility With the new regulations, Canada aims to attract a substantial number of highly skilled professionals from the United States. Especially those facing restrictive [&hellip;]
- [What is the process to get Work Permit in the GCC](https://www.gccstartup.news/gcc/what-is-the-process-to-get-work-permit-in-the-gcc/): Dr. Tausif Malik What is the process to get Work Permit in the GCC. Securing a work permit in the Gulf Cooperation Council (GCC) countries—comprising the UAE, Kuwait, Oman, Bahrain, Qatar, and Saudi Arabia—is a crucial step for expatriates seeking employment. Each country has its own set of requirements and procedures. This guide provides a clear overview of the work permit process in these nations. United Arab Emirates (UAE) Initial Approval and Entry Permit: To begin, the employer must obtain initial approval from the Ministry of Human Resources and Emiratisation (MOHRE). Following this, an entry permit, also known as a pink [&hellip;]
- [Mastercard Celebrates Women SME Leaders in Third Annual Awards](https://www.gccstartup.news/gcc/mastercard-celebrates-women-sme-leaders-in-third-annual-awards/): UAE Mastercard Women SME Leaders Awardscelebrates 2024 winners. Mastercard has announced the winners of the third edition of its Women SME Leaders Awards, celebrating the achievements of women-owned and led businesses across diverse sectors in the Eastern Europe, Middle East, and Africa (EEMEA) region. This initiative, launched in 2022, is the first of its kind to recognize outstanding female entrepreneurs shaping the future of the region. Supporting Women Entrepreneurs “At Mastercard, we believe when we support women entrepreneurs, we are not only supporting the economy but also their desire to solve real needs,” said Amnah Ajmal, Executive Vice President, Market Development, [&hellip;]
- [ISSF injects $2 million in VentureSouq second fund](https://www.gccstartup.news/mena-region/issf-injects-2-million-in-venturesouq-second-fund/): Jordan ISSF injects $2 million in VentureSouq second fund. The Innovative Startups and SMEs Fund (ISSF) – the largest investment fund of its kind in Jordan – announces an investment of $2 million in VentureSouq Fund II. VentureSouq is a MENA-based venture capital fund manager with a global portfolio of thematic funds including FinTech. This investment, finalized in June, highlights the ISSF&#8217;s ongoing dedication to supporting promising Jordanian startups. The ISSF has mandated that VentureSouq reinvest in Jordanian companies at a multiple of their initial investment. Further emphasizing their commitment to the Jordanian ecosystem. ISSF CEO, Mohammed Al Muhtaseb, commented: &#8220;We [&hellip;]
- [UAE to Welcome Record 6,700 Millionaires in 2024 Amid Major Exodus from UK and India](https://www.gccstartup.news/gcc/uae-to-welcome-record-6700-millionaires-in-2024-amid-major-exodus-from-uk-and-india/): USA/UK UAE Set to Welcome Record 6,700 Millionaires in 2024 Amid Major Exodus from UK and India. The UK faces an unprecedented net loss of 9,500 millionaires in 2024, more than double last year&#8217;s record and second only to China globally. Meanwhile, the UAE is set to remain the top destination for wealthy migrants for the third year, expecting a net inflow of 6,700 millionaires, significantly boosted by arrivals from the UK, India, and Europe. According to the Henley Private Wealth Migration Report 2024, India has managed to reduce its millionaire outflow, now ranking third after the UK, with 4,300 projected [&hellip;]
- [Dr. Ebtesam Almazrouei appointed Chairperson of UN’s AI for Good Impact initiative](https://www.gccstartup.news/gcc/dr-ebtesam-almazrouei-appointed-chairperson-of-uns-ai-for-good-impact-initiative/): Switzerland Dr. Ebtesam Almazrouei has been appointed as the Chairperson of the UN’s AI for Good Impact initiative. The appointment, announced at the AI for Good Global Summit held in Geneva, Switzerland. This marks a pivotal moment in leveraging artificial intelligence (AI) for worldwide progress. A Leader in AI and Technology Dr. Almazrouei brings a wealth of expertise to her new role. Holding a Ph.D. in Artificial Intelligence for Wireless Communication Engineering and Computer Science. She has MSc in Electrical and Computer Engineering from Khalifa University of Science and Technology, and a BSc in Communication and Electrical Engineering from the UAE. [&hellip;]
- [Amsa Hospitality, Luxury Hotelschool Paris Forge Strategic Partnership](https://www.gccstartup.news/gcc/amsa-hospitality-luxury-hotelschool-paris-forge-strategic-partnership/): Saudi Arabia/France Amsa Hospitality, Luxury Hotelschool Paris have announced a forge partnership. It is aimed at advancing education within the Kingdom of Saudi Arabia&#8217;s hospitality sector. This collaboration signifies a significant milestone in enhancing training and professional development opportunities in the region. Joint Operations and Training Initiatives Under the terms of the agreement, Luxury Hotelschool Paris will collaborate with Amsa Hospitality to review and certify training materials. It would conduct a comprehensive &#8220;train the trainer&#8221; program across Saudi Arabia. This initiative is not limited to Amsa Hospitality employees but is open to all hoteliers in the kingdom. This reflects a commitment [&hellip;]
- [Pakistan poised to become region’s tech hub: Masood Khan](https://www.gccstartup.news/global/asia/pakistan-poised-to-become-regions-tech-hub-masood-khan/): USA Pakistan poised to become South Asian region’s tech hub, Masood Khan. In a gathering of over thirty chief executive officers (CEOs) and founders of prominent tech startup companies owned by Pakistani-Americans. Ambassador Masood Khan unveiled Pakistan&#8217;s trajectory to emerge as a tech hub in the South Asian region. Addressing the assembly, the envoy highlighted the unprecedented growth witnessed by Pakistan&#8217;s tech industry in recent years. He emphasized its burgeoning presence in the United States and other developed nations. Rapid Growth and Global Recognition The meeting was attended by companies such as Breshna.io, American Institute of Artificial Intelligence, and SnappRetail, underscored [&hellip;]
- [DIFC $400 Business License for Indian FinTech, Innovation Companies](https://www.gccstartup.news/gcc/difc-400-business-license-for-indian-fintech-and-innovation-companies/): UAE DIFC $400 Business License for Indian FinTech and Innovation Companies. Dubai International Financial Centre (DIFC) is offering Indian FinTech and innovation companies a heavily subsidized operating license cost of just USD 400. This exclusive offer aims to encourage firms to establish a strategic hub in Dubai. and become part of the leading innovation and technology ecosystem spanning the Middle East, Africa, and South Asia. A Lucrative Opportunity Dubai is extending a special invitation to Indian FinTech and innovation firms, offering them a chance to thrive in a dynamic and lucrative market. With the operating license cost drastically reduced to USD [&hellip;]
- [Malaysia Golden Pass Initiative: Driving Startup, VC Growth](https://www.gccstartup.news/global/asia/malaysia-golden-pass-initiative-driving-startup-and-vc-growth/): Malaysia Malaysia has taken a bold step towards fostering innovation and economic development with the introduction of its groundbreaking Golden Pass initiatives. These initiatives, tailored to attract top-tier talent and investment, promise significant benefits for startups and venture capital (VC) firms alike. Empowering Startup Ventures The Golden Pass Program for startups offers a host of advantages aimed at facilitating their establishment and growth: Enhancing VC Firm Operations For VC firms, the Golden Pass Program offers tailored benefits to streamline their operations and maximize investment opportunities: Thoughtful Eligibility Criteria The eligibility criteria for participation in these initiatives are meticulously crafted to attract [&hellip;]
- [Middle Eastern &amp; African Trailblazers Make Top Time Health List](https://www.gccstartup.news/mena-region/middle-eastern-african-origin-make-top-time-health-list/): USA Middle Eastern &amp; African Trailblazers Make Top Time Health List. In a groundbreaking recognition of Middle Eastern &amp; African talent and innovation, several individuals from the region have been featured in the prestigious Time Health List. This highlights their remarkable contributions to healthcare and medical advancements. From pioneering diagnostics to groundbreaking treatments. these individuals are shaping the future of healthcare on a global scale. USA Hadiza Shehu Galadanci: A simple aid for maternal mortality Dr. Hadiza Shehu Galadanci, a prominent figure in obstetrics and gynecology at Nigeria’s Bayero University. She is deeply familiar with the staggering statistics surrounding maternal mortality [&hellip;]
- [Pakistan airline Fly Jinnah marks its first flight to Muscat](https://www.gccstartup.news/gcc/pakistan-airline-fly-jinnah-marks-its-first-flight-to-muscat/): Oman/Pakistan Pakistan airline Fly Jinnah marks its first flight to Muscat. Fly Jinnah, Pakistan’s low-cost carrier, commenced its first non-stop flight from Islamabad International Airport in Pakistan to Muscat International Airport.&nbsp; Upon arrival at Muscat International Airport, the flight was greeted with a traditional water cannon salute and a welcome ceremony. The newly added route will initially start with a frequency of two weekly flights connecting the two capitals. Flight Schedule between Muscat International Airport and Islamabad International Airport, effective 10 May, 2024:  &nbsp; Commenting on the inauguration of the airline’s third international flight, Fly Jinnah’s spokesperson said: “Celebrating our continued [&hellip;]
- [Africa Wealth Report: Millionaire Growth of 65%](https://www.gccstartup.news/global/africa/africa-wealth-report-millionaire-growth-of-65/): UK 2024 Africa Wealth Report: Millionaire Growth of 65% in Next Decade. The total investable wealth currently held on the African continent amounts to USD 2.5 trillion and its millionaire population is set to rise by 65% over the next 10 years. According to the&nbsp;2024 Africa Wealth Report, published by international wealth advisory firm&nbsp;Henley &amp; Partners&nbsp;in collaboration with global wealth intelligence partner&nbsp;New World Wealth. Now in its 9th&nbsp;edition, the annual report reveals that there are currently 135,200 high-net-worth individuals (HNWIs) with liquid investable wealth of USD 1 million or more living in Africa. Along with 342 centi-millionaires worth USD 100 million [&hellip;]
- [Legendary Ad Guru, Renowned Artist Aslam Shems, aka Art Noor, Receives Honorary Doctorate](https://www.gccstartup.news/gcc/legendary-ad-guru-renowned-artist-aslam-shems-aka-art-noor/): UAE Legendary Ad Guru, Renowned Artist Aslam Shems, aka Art Noor, Receives Honorary Doctorate marking a significant milestone in his illustrious career. The Glory International University (GUI)&nbsp;hosted graduation ceremony at Dusit Thani. Renowned for his captivating displays on the iconic Burj Khalifa for two consecutive years. Noor&#8217;s multifaceted talents spanning Advertising, Technology, Creativity, and Art were recognized and celebrated. A Remarkable Career Spanning Industries As a pioneering figure in the world of advertising, Noor transcended conventional boundaries to become a globally recognized artist, captivating audiences with his innovative and diverse creative pursuits. His journey began in the early eighties when he [&hellip;]
- [EU Relaxes Schengen Visa Rules for India, Bahrain, Oman, Saudi Arabia](https://www.gccstartup.news/gcc/eu-relaxes-schengen-visa-rules-for-india-bahrain-oman-saudi-arabia/): Europe In a significant move, EU relaxes Schengen Visa rules for nationals from India, Bahrain, Oman, and Saudi Arabia. Indian nationals residing in their home country now have access to a multi-entry, two-year Schengen visa, subject to specific conditions. The Schengen visa, issued by the European Union, allows travelers from eligible countries to visit multiple Schengen Area countries for up to 90 days within a 180-day period. It facilitates seamless travel across 26 European countries, promoting tourism, business, and cultural exchange. New Visa Regulations for Indian Nationals Under the revised guidelines, Indian nationals based in India can obtain a multi-entry, two-year [&hellip;]
- [How to Business Setup in the UAE](https://www.gccstartup.news/gcc/how-to-business-setup-in-the-uae/): UAE Establishing a company in the United Arab Emirates (UAE) offers foreign entrepreneurs a gateway to the Middle East&#8217;s thriving business landscape. With various options available, including mainland and free zone setups, understanding the process is crucial for success. Understanding Mainland Business Setup Setting up a company in the UAE mainland allows entrepreneurs to conduct business across the country without geographical restrictions. Key advantages include: However, mainland setups require a local sponsor or service agent, who holds 51% ownership in the company. This arrangement ensures compliance with UAE regulations and local laws. Exploring Free Zone Options Alternatively, entrepreneurs may opt for [&hellip;]
- [GUI Honors Global Talent with Honorary Doctorates](https://www.gccstartup.news/gcc/gui-honors-global-talent-with-honorary-doctorates/): UAE Glory International University (GUI) Honors Global Talent with Honorary Doctorates distinguished individuals from various fields worldwide. The grand ceremony, held at Dusit Thani Dubai on April 28th, witnessed the recognition of 21 deserving awardees representing nations such as the UAE, India, Pakistan, Ivory Coast, Nepal, Canada, Egypt, and Turkey. The esteemed Honorary Doctorates were bestowed upon the recipients by a distinguished jury panel. It included Prof. Pale Sansan Hermann, GUI Director to Africa, Dr. Naser Sulaiman, the University&#8217;s National Director of UAE, and esteemed figures such as Dr. Abdulla Ali Salem Al Mubarak, Dr. Anwar Al-Yasiri, Dr. Mohanad Al Wadiya, [&hellip;]
- [Omani Tech Startup Unveils Innovative 3D Education Technology](https://www.gccstartup.news/gcc/omani-tech-startup-unveils-innovative-3d-education-technology/): Oman Omani Tech Startup Onsor Technologies Unveils Innovative 3D Education Technology at Future Dimensions Week 2. The company unveiled its &#8216;AMAD Device&#8217; at Future Dimensions Week 2, held at the Independent Learning Centre in Sultan Qaboos University from April 16 to 23. During the event, which showcased the fusion of knowledge and modern technology, Onsor Technologies presented an innovative educational experience that promises to revolutionize learning for both students and faculty members. CEO Maadh bin Ahmed al Hinai described the AMAD Device as harnessing advanced technology that enables users to interact with 3D content without the need for special glasses. By [&hellip;]
- [Pakistan’s IT Exports Surge by 37% to $306 Million in March 2024](https://www.gccstartup.news/global/asia/pakistans-it-exports-surge/): Pakistan Pakistan witnessed a substantial surge in its information technology (IT) exports, soaring by 37% year-on-year (YoY) and 19% month-on-month (MoM) to $306 million in March 2024. This surge marks the highest-ever exports recorded in a single month, surpassing the previous peak of $303 million in December 2023. Additionally, these March exports outstrip the 12-month average of $238 million. According to research by Topline Pakistan, this remarkable annual growth in IT exports can be attributed to several factors. Firstly, the State Bank of Pakistan (SBP) raised the permissible retention limit from 35% to 50% in the Exporters’ Specialized Foreign Currency Accounts, [&hellip;]
- [Hurun Releases 2024 Global Unicorn Index](https://www.gccstartup.news/global/asia/hurun-releases-2024-global-unicorn-index/): China The Hurun Research Institute has just unveiled its highly anticipated Global Unicorn Index 2024. The report providrs a comprehensive overview of the world&#8217;s most impactful startups founded after 2000. Each boasting a valuation of at least US$1 billion and not yet listed on a public exchange. Here&#8217;s a breakdown of the key findings and trends shaping the global unicorn ecosystem: Unprecedented Growth and Expansion Over the past year, the world witnessed the birth of one new unicorn every two days. The United States leading the charge with 70 new unicorns, followed closely by China with 56 and the &#8216;Rest of [&hellip;]
- [Capital Governorate launches Manama Entrepreneurship Week 2024](https://www.gccstartup.news/gcc/capital-governorate-launches-manama-entrepreneurship-week-2024/): Manama (BNA) Capital Governorate launches Ninth Edition of Manama Entrepreneurship Week 2024, in collaboration with Tamkeen and over 20 institutes. Scheduled from April 21-25, MEW 2024&#8217;s theme is &#8220;Smart Cities and Entrepreneurship.&#8221; Governor Shaikh Rashid bin Abdulrahman Al Khalifa expressed its aims. The event aims to foster relationships among entrepreneurs, investors, and young individuals. The governor highlighted the theme&#8217;s focus on entrepreneurs driving transformation. Entrepreneurs play a pivotal role in collaboration with governments to transform cities into smart, sustainable environments through innovative technology. Shaikh Rashid bin Abdulrahman emphasized the event&#8217;s goal of catalyzing the transformation of cities into smart ecosystems through [&hellip;]
- [Dubai Public Transport: Elevating Economy, Startups, and Sustainability](https://www.gccstartup.news/gcc/dubai-public-transport-elevating-economy-startups-ansustainability/): Dubai, renowned for its ambitious projects and futuristic vision. It&#8217;s public transport initiative has revolutionize the city&#8217;s infrastructure and fostering sustainable development. Economic Implications Dubai&#8217;s investment in public transportation not only bolsters economic growth but also enhances productivity and competitiveness. Studies from the American Public Transportation Association show that Every $1 billion invested in public transportation supports and creates approximately 50,000 jobs. Every $10 million in capital investment in public transportation yields $30 million in increased business sales. Every $10 million in operating investment yields $32 million in increased business sales Real Estate Revolution Dubai&#8217;s growing public transport network is transforming [&hellip;]
- [Media City Qatar Surpasses 500 Licensed Companies, Signalling New Phase of Growth](https://www.gccstartup.news/gcc/qatar/media-city-qatar-surpasses-500-licensed-companies/): Qatar Media City Qatar Surpasses 500 Licensed Companies, Signalling New Phase of Growth: Media City Qatar has crossed a major milestone by surpassing 500 licensed companies, reinforcing its position as one of the Middle East&#8217;s fastest-growing media and creative business hubs. The achievement reflects the country&#8217;s continued efforts to diversify its economy, attract international investment, and strengthen Qatar&#8217;s standing as a regional center for media, technology, innovation, and digital content. According to Media City Qatar, the milestone represents a 60 percent increase in licensed companies since the beginning of 2026 and a fivefold increase compared to 2024, underscoring the rapid expansion [&hellip;]
- [Abu Dhabi Unveils Fahid Island – UAE's First Wellness-Focused Island Community](https://www.gccstartup.news/gcc/uae/abu-dhabi-unveils-fahid-island-uaes-first-wellness-focused-island-community/): Dr Shabana Parvez, MD FACEP Abu Dhabi Unveils Fahid Island – UAE&#8217;s First Wellness-Focused Island Community: In a bold move that redefines luxury living and sustainable urban development, Aldar has unveiled Fahid Island, the UAE&#8217;s first island community designed entirely around well-being. Positioned between the iconic Yas Island and Saadiyat Island, the AED 40 billion master-planned development promises to combine pristine beaches, lush mangrove forests, world-class residences, and environmentally conscious infrastructure into one of the region&#8217;s most ambitious lifestyle destinations. Spread across approximately 2.7 million square metres with an 11-kilometre coastline, Fahid Island has been planned so that every home is [&hellip;]
- [Khalifa Fund launches second edition of ‘Prompt Engineering’ programme for members of Abu Dhabi Chamber Al Ain](https://www.gccstartup.news/events/khalifa-fund-launches-second-edition-of-prompt-engineering/): UAE Khalifa Fund launches second edition of ‘Prompt Engineering’ programme for members of Abu Dhabi Chamber Al Ain: The Khalifa Fund for Enterprise Development (KFED) has launched the second edition of the ‘Prompt Engineering’ programme, for members of the Abu Dhabi Chamber in Al Ain. This is part of KFED’s continuous efforts to empower entrepreneurs with future skills and enhance their readiness to leverage AI technologies in developing projects. The programme focuses on enabling participants to understand latest AI trends and develop their skills in designing effective prompts, in addition to utilising AI tools in building innovative businesses using the ‘Lean [&hellip;]
- [Dubai Future District Fund backs MetaProp to anchor early-stage PropTech innovation](https://www.gccstartup.news/gcc/uae/dubai-future-district-fund-dfdf-has-committed-capital-to-metaprop-fund/): UAE Dubai Future District Fund (DFDF) has committed capital to MetaProp Fund IV  L.P., one of the world&#8217;s most active and specialised venture capital firms investing in PropTech. This partnership positions MetaProp as a foundational early-stage PropTech partner for DFDF, supporting Dubai’s Economic Agenda D33 and the development of a regional real estate technology hub. Founded in New York, MetaProp is widely recognised as one of the most active PropTech investors globally. The firm invests across the full early-stage spectrum, from Pre-seed to Series A, backing a focused selection of high‑conviction PropTech companies. A defining feature of MetaProp’s model is its [&hellip;]
- [Launched: Pune Ideas Festival to Strengthen India–GCC–Africa Innovation, Trade and Investment Partnerships](https://www.gccstartup.news/featured/launched-pune-ideas-festival-to-strengthen-india-gcc-africa-innovation-trade-and-investment-partnerships/): India Launched: Pune Ideas Festival to Strengthen India–GCC–Africa Innovation, Trade and Investment Partnerships: Indian-American entrepreneur, global media professional, and ecosystem builder Dr. Tausif Malik has announced the launch of the Pune Ideas Festival (PIF), India&#8217;s first dedicated Ideas Festival, with a bold vision to position Pune as a global hub for ideas, innovation, entrepreneurship, investment, education, technology, sustainability, healthcare, public policy, and international collaboration. Scheduled for February 2027, the three-day festival will bring together between 3,000 and 5,000 delegates, including global thought leaders, entrepreneurs, startup founders, investors, policymakers, academics, researchers, corporate executives, media professionals, creators, and changemakers from India, the Gulf [&hellip;]
- [Bahrain’s Startup Ecosystem Soars to $1.6 Billion, Emerges as MENA Innovation Powerhouse](https://www.gccstartup.news/gcc/bahrain/bahrains-startup-ecosystem-soars-to-1-6-billion-emerges-as-mena-innovation-powerhouse/): Bahrain Bahrain’s Startup Ecosystem Soars to $1.6 Billion, Emerges as MENA Innovation Powerhouse: Bahrain&#8217;s technology startup ecosystem has reached a major milestone, generating $1.6 billion in ecosystem value, representing an extraordinary 759 per cent increase over the past five years, according to the latest Global Startup Ecosystem Report 2026 (GSER 2026) unveiled at the VivaTech in Paris. The report, published annually by Startup Genome in partnership with the Global Entrepreneurship Network and in collaboration with Labour Fund (Tamkeen), positions Bahrain among the Top Five startup ecosystems in the Middle East and North Africa (MENA) for ecosystem performance, measuring cumulative startup value [&hellip;]
- [Dubizzle Group invests in Takeem to strengthen UAE rental ecosystem](https://www.gccstartup.news/gcc/uae/dubizzle-group-invests-in-takeem/): UAE Dubizzle Group invests in Takeem to strengthen UAE rental ecosystem:Dubizzle Group, the leading online classifieds platform in the Middle East, announced a strategic partnership and investment in Takeem, the UAE-based rent guarantee platform.  As part of the partnership, Bayut and dubizzle will be the exclusive portal for Takeem&#8217;s Rental Guarantee solution, complementing the Group&#8217;s growing suite of rental services with a more dependable way for landlords to protect rental income and reduce uncertainty throughout the leasing process. Takeem’s Rental Guarantee is the first of its kind in the GCC. It protects landlords against tenant non-payment and includes emergency maintenance cover [&hellip;]
- [Dubai Launches Dedicated Authority for Health and Longevity, Reinforcing Vision to Become Global Wellness Hub](https://www.gccstartup.news/gcc/uae/dubai-launches-dedicated-authority-for-health-and-longevity/): Dr Shabana Parvez, MD FACEP Dubai Launches Dedicated Authority for Health and Longevity, Reinforcing Vision to Become Global Wellness Hub: In a landmark move that underscores the emirate’s ambition to become a global leader in preventive healthcare and healthy ageing, Dubai has launched a dedicated authority focused on health and longevity, placing wellness, disease prevention, and quality of life at the center of its future healthcare strategy. The initiative reflects a growing shift in healthcare worldwide from simply treating disease to extending healthspan—the number of years people live in good health—through innovation, technology, precision medicine, and preventive care. Dubai has increasingly [&hellip;]
- [GameExpo Highlighted UAE’s Creative Talent and Growing Digital Economy](https://www.gccstartup.news/gcc/uae/gameexpo-highlighted-uaes-creative-talent-and-growing-digital-economy/): UAE GameExpo Highlighted UAE’s Creative Talent and Growing Digital Economy: The UAE’s vibrant gaming and creative economy took center stage at GameExpo 2026 as more than 75 local artists, gaming developers, entrepreneurs, and small businesses gathered under The Narrows, a dedicated platform celebrating the country’s rapidly growing digital and creative industries. Organized by the Dubai Festivals and Retail Establishment (DFRE), part of the Dubai Department of Economy and Tourism (DET), GameExpo served as the flagship event of the Dubai Esports &amp; Games Festival 2026. The Narrows, supported by the Dubai Culture and Arts Authority, provided a unique marketplace where visitors discovered [&hellip;]
- [UAE Launches Government Media Content Guideline to Strengthen Public Communication and Embrace AI-Driven Future](https://www.gccstartup.news/gcc/uae/uae-launches-government-media-content-guideline/): UAE UAE Launches Government Media Content Guideline to Strengthen Public Communication and Embrace AI-Driven Future: In a major step toward enhancing the effectiveness, consistency, and professionalism of government communications, the UAE Government Media Office has officially launched the Government Media Content Guideline during the latest meeting of the Government Communication Network held at the Creators HQ in Dubai. The meeting brought together communication directors and officials from federal government entities and was led by Saeed Al Eter, Chairman of the UAE Government Media Office.The newly launched guideline forms part of the UAE’s broader strategy to modernize government communication, improve content quality, [&hellip;]
- [International doctors can now see patients in Dubai without opening a clinic; here's how](https://www.gccstartup.news/gcc/uae/international-doctors-can-now-see-patients-in-dubai/): Dr Shabana Parvez, MD FACEP International doctors can now see patients in Dubai without opening a clinic; here&#8217;s how: Dubai is witnessing a significant transformation in healthcare delivery, as innovative clinical models make it easier for both international and UAE-based physicians to provide specialist consultations without establishing permanent practices in the emirate. Leading this shift is Dubai Healthcare City (DHCC) through its pioneering initiative, C37, a private medical workspace designed to connect patients with leading healthcare professionals in a flexible, fully managed clinical environment. A New Model for Modern Healthcare As healthcare systems worldwide adapt to changing patient expectations and evolving [&hellip;]
- [Venture Center Hosts Dr. Anand Deshpande; Deeptech Founder Stories Featured in Launch of CanDid Vol. 2](https://www.gccstartup.news/global/venture-center-hosts-dr-anand-deshpande-deeptech-founder-stories-featured-in-launch-of-candid-vol-2/): India Venture Center Hosts Dr. Anand Deshpande; Deeptech Founder Stories Featured in Launch of CanDid Vol. 2: Venture Center hosted an engaging evening on 22 May 2026, featuring Dr. Anand Deshpande, Founder, Chairman and Managing Director of Persistent Systems, for a talk on “Scaling Technology Startups,” followed by the launch of CanDid Vol. 2 authored by N. Ramakrishnan. Drawing from decades of experience building Persistent Systems into a globally recognized technology enterprise, Dr. Deshpande shared insights on scaling innovation-led ventures, building strong teams and culture, identifying market needs, and sustaining long-term growth. “Customers don’t buy technology; they buy a solution to [&hellip;]
- [Tunisian insurtech EYST secures six-figure investment from 216 Capital](https://www.gccstartup.news/mena-region/tunisia/tunisian-insurtech-eyst-secures-six-figure-investment-from-216-capital/): Tunis Tunisian insurtech EYST secures six-figure investment from 216 Capital: In an insurance sector undergoing full digital transformation, where customer experience, reimbursement speed, and fraud prevention are becoming major strategic challenges, EYST Technology, co-founded by Tunisian entrepreneur Marwen Amamou, is redefining the standards of claims settlement. In this context, 216 Capital announces its entry into the capital of EYST Technology through a six-figure investment to support the startup&#8217;s technological acceleration and international expansion. A technological breakthrough at the heart of the insured&#8217;s journey Founded in 2022, EYST Technology develops a SaaS platform that enables insurers to modernise claims settlement through the [&hellip;]
- [JCIF unveils Manara Ventures, a $70 million growth fund for Jordanian tech companies](https://www.gccstartup.news/mena-region/jordan/jcif-unveils-manara-ventures-a-70-million-growth-fund/): Jordan JCIF unveils Manara Ventures, a $70 million growth fund for Jordanian tech companies: Jordan Capital and Investment Fund (JCIF) announced the official launch of Manara Ventures, a JOD 50 million (approximately USD 70.5 million) scale-up fund dedicated to supporting the growth of Jordan’s most promising technology- and innovation-focused companies. The fund also secured backing from regional institutional investors, including Abu Dhabi-based global investment firm Lunate. Manara Ventures was established in Abu Dhabi Global Market (ADGM) and structured as a fully Sharia-compliant investment platform. “The launch of Manara Ventures marks an important milestone in JCIF’s strategy to expand into venture capital [&hellip;]
- [RemotePass secures $17.4 million Series B to accelerate global expansion](https://www.gccstartup.news/gcc/uae/remotepass-secures-17-4-million-series-b/): UAE RemotePass secures $17.4 million Series B to accelerate global expansion: Wamda Capital-backed&nbsp;global employment, payroll, and spend platform RemotePass has raised $17.4 million in Series B funding led by EBRD Venture Capital (EBRD), with participation from 500 Global and existing investors Oraseya Capital, 212 VC, Access Bridge Ventures, and Khwarizmi Ventures. RemotePass is the only global employment platform with over five years of deep experience supporting businesses and workers across the Middle East and North Africa. The company provides 24/7 Arabic and English support, navigates complex local labour laws across the region, and has built payment rails in markets where most [&hellip;]
- [Madinah Hubs Announces Its First Strategic Investment Through Its Investment Arm “Ohud Investments”](https://www.gccstartup.news/gcc/saudi/madinah-hubs-announces-its-first-strategic-investment-through-its-investment-arm-ohud-investments/): Saudi Arabia Madinah Hubs Announces Its First Strategic Investment and Partial Acquisition in Al Madinah Al Munawwarah Through Its Investment Arm “Ohud Investments”. Madinah Hubs, the innovation and entrepreneurship ecosystem in Al Madinah Al Munawwarah, announced the completion of its first strategic investment and partial acquisition through its investment arm, Ohud Investments, in SBTL, a company specialized in building transformation, leadership, innovation, and entrepreneurship ecosystems, in partnership with its founder and CEO, Eng. Sayed Ahmed Sayed. This milestone marks the beginning of a new phase in building a more integrated entrepreneurial ecosystem in Al Madinah Al Munawwarah—one that combines investment, capacity [&hellip;]
- [Dept of Tourism, Culture &amp; Media Ajman strengthens sports and golf tourism positioning](https://www.gccstartup.news/gcc/uae/dept-of-tourism-culture-media-ajman-strengthens-sports-and-golf-tourism-positioning/): UAE Dept of Tourism, Culture &amp; Media Ajman strengthens sports and golf tourism positioning: In line with Ajman Vision 2030 and the Emirate’s tourism diversification objectives, Dept of Tourism, Culture &amp; Media Ajman&nbsp;continues to strengthen Ajman’s position as a leading destination for leisure, sports, and premium lifestyle tourism experiences through strategic international partnerships and world-class events. As part of its ongoing efforts to strengthen the emirate’s position as a leading sports tourism destination, the Dept of Tourism, Culture &amp; Media Ajman&nbsp;sponsors the annual WAGI Pairs Championship, held on 8 May 2026 at Al Zorah Golf &amp; Yacht Club. The tournament witnessed [&hellip;]
- [UAE Launches AI-Powered Labour Market Platform to Fast-Track Work Permits](https://www.gccstartup.news/gcc/uae/uae-launches-ai-powered-labour-market-platform-to-fast-track-work-permits/): UAE UAE Launches AI-Powered Labour Market Platform to Fast-Track Work Permits:In a major step toward building a future-ready economy, the Federal Authority forIdentity Citizenship Customs and Ports Security (ICP), in collaboration with the Ministry of Human Resources and Emiratisation (MOHRE), has unveiled an advanced artificial intelligence-driven initiative aimed at transforming the country’s labour market and work-permit system. The project, which officially comes into effect from May 2026, is built on advanced AI, smart algorithms, and robotics technologies under a new government framework for autonomous “Agentic AI” systems. The broader framework was introduced by Mohammed bin Rashid Al Maktoum, Vice President and [&hellip;]
- [GameStop Bids $55.5 Billion for eBay Signals Disruption in E-Commerce and Network Advertising](https://www.gccstartup.news/featured/gamestop-bids-55-5-billion-for-ebay-signals-disruption-in-e-commerce-and-network-advertising/): USA GameStop Bids $55.5 Billion for eBay Signals Disruption in E-Commerce and Network Advertising: In a bold move that could reshape the global digital economy, GameStop Corp. has submitted a non-binding proposal to acquire eBay Inc. at $125.00 per share in a cash-and-stock deal valued at approximately $55.5 billion. The offer represents a 46% premium over eBay’s unaffected share price as of February 4, 2026, when GameStop began building its stake. The company has since accumulated a 5% economic interest through derivatives and direct ownership, signaling strong intent to pursue the acquisition. Under the proposed structure, shareholders would receive a 50-50 [&hellip;]
- [Defying 70% Bias, Women Entrepreneurs in Jordan Lead Digital Transformation: Visa Study](https://www.gccstartup.news/uncategorized/defying-70-bias-women-entrepreneurs-in-jordan-lead-digital-transformation-visa-study/): Dr Shabana Parvez, MD FACEP Defying 70% Bias, Women Entrepreneurs in Jordan Lead Digital Transformation: Visa Study. Visa has announced the findings of its first Women SMB Digitization Index, which indicates a growing awareness among women entrepreneurs of digitization and AI in futureproofing their business. The survey underpins She’s Next, a global advocacy program that spotlights women entrepreneurs who are actively financing, managing, and expanding their businesses. Visa ran the Women SMB Digitization Index in 2025, which surveyed Jordanian women business owners who hold a notable share of senior leadership roles to have a better understanding of the motivations and challenges [&hellip;]
- [Dubai Expands Access to 2-Year Property Investor Visa, Boosting Real Estate Appeal](https://www.gccstartup.news/gcc/uae/dubai-expands-access-to-2-year-property-investor-visa/): UAE Dubai Expands Access to 2-Year Property Investor Visa, Boosting Real Estate Appeal: In a move set to further strengthen its position as a global investment hub, Dubai has introduced updated guidelines for its 2-Year Property Investor Residence Visa, making the process more flexible and accessible for property owners. According to details shared by the Dubai Land Department through its integrated service platform, DLD Cube Center, the revised policy allows single property owners to apply for a residence visa without a minimum property value requirement. This marks a significant shift from earlier regulations, which mandated higher investment thresholds. For jointly owned [&hellip;]
- [The 17th Global Islamic Marketing Conference (GIMAC 2026) to Be Held in Alanya, Türkiye](https://www.gccstartup.news/events/the-17th-global-islamic-marketing-conference-gimac-2026/): Turkey The 17th Global Islamic Marketing Conference (GIMAC 2026) to Be Held in Alanya, Türkiye: The 17th Global Islamic Marketing Conference (GIMAC 2026) will take place on 27–28 October 2026 at Asia Beach Resort &amp; Spa in Alanya, Türkiye, bringing together leading scholars, researchers, practitioners, and policymakers from around the world to advance the field of Islamic marketing and the halal economy. Building on a global legacy that began in 2011, GIMAC has evolved into a recognized international platform for dialogue on ethical business, sustainability, and innovation within Islamic markets. The 2026 edition continues this trajectory by focusing on the role [&hellip;]
- [UAE Launches Digital Platform to Track Essential Goods Prices Nationwide](https://www.gccstartup.news/gcc/uae/uae-launches-digital-platform-to-track-essential-goods-prices-nationwide/): UAE The UAE Ministry of Economy and Tourism has launched a new digital initiative—the Essential Goods Prices Platform—allowing residents to compare the cost of everyday items across the country in real time. The platform covers a wide range of essential commodities, including cooking oils, eggs, dairy products, rice, sugar, poultry, meat, fish, and legumes. It also includes staple items such as bread, wheat, and bottled water, along with fresh produce like bananas, oranges, apples, cucumbers, tomatoes, potatoes, garlic, and onions—ensuring comprehensive coverage of household needs across the United Arab Emirates. In its initial rollout, the platform tracks 33 essential items, divided [&hellip;]
- [Yas Island Redefines Family Travel with ‘The Answer is Yas’ Campaign](https://www.gccstartup.news/gcc/uae/yas-island-redefines-family-travel-with-the-answer-is-yas-campaign/): UAE Yas Island Redefines Family Travel with ‘The Answer is Yas’ Campaign: Yas Island has launched an ambitious new campaign, “The Answer is Yas,” positioning itself at the forefront of the booming all-inclusive travel trend while redefining the modern family holiday experience. The multi-channel campaign, conceptualized and executed in partnership with leading agencies including Momentum Dubai, Weber Shandwick MENAT, Initiative MENA, and Deja Vu, is anchored in public relations and amplified across paid, owned, and earned media platforms. Recent data underscores this shift, revealing that 87% of UAE travellers are considering all-inclusive holidays for 2026. The demand is especially strong among [&hellip;]
- [Disconnect to Reconnect: Why Phone-Free Dining Is the Next Big Lifestyle (and Brand) Movement](https://www.gccstartup.news/featured/disconnect-to-reconnect-why-phone-free-dining-is-the-next-big-lifestyle-and-brand-movement/): Dr Tausif Malik Disconnect to Reconnect: Why Phone-Free Dining Is the Next Big Lifestyle (and Brand) Movement: The next time you step into a trendy restaurant or upscale supper club, don’t be surprised if the host offers to take more than just your jacket—they may politely ask for your phone too. What once sounded radical is now becoming a powerful lifestyle statement—and an even more powerful branding opportunity. Across the United States, a growing number of restaurants are embracing phone-free dining, creating curated, distraction-free environments that are redefining how people eat, socialize, and connect. From boutique eateries to premium chains like [&hellip;]
- [Aramco Ventures backs Via Separations in $36 million round](https://www.gccstartup.news/gcc/saudi/aramco-ventures-backs-via-separations-in-36-million-round/): Saudi Arabia Aramco Ventures backs Via Separations in $36 million round: Via Separations, a leader in process solutions for industrial separations, today announced $36 million in new funding with significant participation from new investors, including Climate Investment, Aramco Ventures, and Marathon Petroleum Corporation, alongside participation from existing backers, including Embark Ventures, The Grantham Foundation for the Protection of the Environment, Massachusetts Clean Energy Center (MassCEC), and Safar Partners. The investment will accelerate deployment of Via’s modular filtration platform into the refining and chemical sectors, building on proven commercial performance in pulp and paper to help industrial operators reduce energy use, improve [&hellip;]
- [Propeller brings five MENA deeptech startups to Silicon Valley with Kernel Camp](https://www.gccstartup.news/mena-region/propeller-brings-five-mena-deeptech-startups-to-silicon-valley-with-kernel-camp/): Jordan Propeller brings five MENA deeptech startups to Silicon Valley with Kernel Camp: Propeller, the venture capital firm focused on AI infrastructure, announced the inaugural cohort of Kernel Camp, its annual deep-tech residency program based in Silicon Valley. Five startups from Tunisia, Morocco, Jordan, and Egypt have arrived in the Bay Area to begin an intensive eight-week residency, bringing MENA founders into the heart of the global AI and infrastructure ecosystem. Despite the depth of technical talent emerging from the MENA region, founders have historically lacked structured pathways into Silicon Valley’s networks of engineers, operators, and capital. Kernel Camp is designed [&hellip;]
- [UAE Will Emerge Stronger, Says Indian Consul General at ICAI Dubai Event](https://www.gccstartup.news/featured/uae-will-emerge-stronger-says-indian-consul-general-at-icai-dubai-event/): UAE UAE Will Emerge Stronger, Says Indian Consul General at ICAI Dubai Event: The United Arab Emirates will overcome current regional challenges and emerge stronger, reaffirmed Satish Kumar Sivan, Indian Consul General to Dubai and the Northern Emirates, while addressing over 500 members of theInstitute of Chartered Accountants of India Dubai Chapter. Speaking at a gathering of accounting professionals, Sivan highlighted the deep-rooted relationship between India and the UAE, noting that Non-Resident Indians (NRIs) constitute nearly 40 percent of the UAE’s population. He emphasized that the Indian community continues to stand firmly with the UAE even amid regional tensions. “India has [&hellip;]
- [Founders Media Secures Strategic Investment from Foras.ai to Scale WAYA Media Across MENA](https://www.gccstartup.news/funding/founders-media-secures-strategic-investment-from-foras-ai-to-scale-waya-media-across-mena/): Egypt/UAE Founders Media Secures Strategic Investment from Foras.ai to Scale WAYA Media Across MENA: Founders Media, the parent company of WAYA Media, has announced a strategic investment from Foras.ai, marking a significant step in expanding bilingual business journalism across Egypt, the Gulf, and the wider Middle East and North Africa (MENA) region. The transaction was advised and facilitated by Exits MENA, in which Foras.ai holds a stake, underscoring its role in supporting startups and SMEs through deal structuring, advisory, and execution. WAYA Media, a bilingual English-Arabic platform, serves founders, investors, and operators with coverage spanning venture capital, technology, financial markets, and [&hellip;]
- [First Digital Fertility Health Startup Babies4.US Launched, Bringing Herbal and Functional Fertility Care to U.S. and Canada](https://www.gccstartup.news/global/america/first-digital-fertility-health-startup-babies4-us-launched-bringing-herbal-and-functional-fertility-care-to-u-s-and-canada/): USA/India First Digital Fertility Health Startup Babies4.US Launched, Bringing Herbal and Functional Fertility Care to U.S. and Canada: In a significant development at the intersection of digital health, integrative medicine, and traditional healing systems, Babies4.US has launched in North America as an emerging healthtech startup offering one of the first virtual, herbal-based fertility platforms for the United States and Canada. The venture introduces a scalable, telehealth-driven model designed to deliver non-invasive, affordable, and holistic fertility care rooted in integrative and functional medicine. Positioned within the fast-growing femtech and digital health ecosystem, Babies4.US leverages a virtual-first infrastructure to provide personalized fertility solutions [&hellip;]
- [ITIDA, Plug and Play support 61 Upper Egypt startups, unlock $3.7M in funding](https://www.gccstartup.news/mena-region/egypt/itida-plug-and-play-support-61-upper-egypt-startups/): Egypt ITIDA, Plug and Play support 61 Upper Egypt startups, unlock $3.7M in funding: The Information Technology Industry Development Agency (ITIDA), in partnership with Plug and Play, has successfully concluded the Aswan Bootcamp Series, supporting 61 startups across Upper Egypt and enabling participating companies to secure a combined $3.7 million in investments. Launched in November 2024 in collaboration with the United States Agency for International Development, the programme was designed to foster entrepreneurship beyond Cairo by equipping early-stage startups with technical training, mentorship, and access to industry networks. Despite the suspension of external funding, ITIDA ensured the programme’s continuity by stepping [&hellip;]
- [Mezza launches in the UAE with fresh seed backing](https://www.gccstartup.news/gcc/uae/mezza-launches-in-the-uae-with-fresh-seed-backing/): UAE Mezza launches in the UAE with fresh seed backing: Mezza, a new hospitality platform, has officially launched, offering restaurants a unique way to access upfront capital while increasing customer footfall and repeat visits. The launch comes at an opportune time in the UAE, as restaurants are currently seeking new ways to attract diners and maintain steady footfall during the current political climate. Mezza addresses this by combining financial support with best-in-class marketing technology to help partner venues increase customer visits. Designed for independent restaurants and hospitality groups, Mezza tackles two of the biggest challenges operators face today: access to debt [&hellip;]
- [Estonian, Latvian and Finnish angel investors back Latitude59 pitching competition with €300,000](https://www.gccstartup.news/global/europe/estonian-latvian-finnish-angel-investors-back-latitude59/): Estonia Estonian, Latvian and Finnish angel investors back Latitude59 pitching competition with €300,000: Latitude59 CEO Liisi Org said that the involvement of New Nordic investors is a clear sign of trust. “Estonian investors have supported our pitch competition for years, while Latvian angel investors are taking part for the second year in a row. This year, Finnish investors will join the syndicate for the first time, bringing Nordic investors into the mix. The involvement of New Nordic investors gives founders the confidence to build the next success stories, while investors can discover promising startups for their portfolios,” Org said. Estonian Business [&hellip;]
- [International Women's Day: Real Food, Real Leadership: A Health Blueprint for Women Leaders](https://www.gccstartup.news/interviews/international-womens-day-real-food-real-leadership-a-health-blueprint-for-women-leaders/): Dr. Shabana Parvez, MD, FACEP International Women&#8217;s Day: Real Food, Real Leadership: A Health Blueprint for Women Leaders. As the world observes International Women’s Day, much of the discussion rightly celebrates the remarkable rise of women in leadership—founders building global companies, scientists leading groundbreaking research, investors shaping innovation ecosystems, and professionals driving economic growth. Women today are not only participating in the global economy; they are redefining it. Yet amid these achievements lies a quieter challenge that many high-performing women face: sustaining health, vitality, and balance in demanding professional environments. Long working hours, constant travel, digital overload, and convenience-driven eating habits [&hellip;]
- [Riyadh Valley Company launches KSU venture fund with SparkLabs](https://www.gccstartup.news/gcc/saudi/riyadh-valley-company-launches-king-saud-university-venture-fund/): Saudi Arabia Riyadh Valley Company Launches King Saud University Venture Fund in Partnership with SparkLabs Riyadh Valley Company—the investment arm of King Saud University—announced its contribution to establishing the King Saud University Venture Fund and Startup Accelerator in collaboration with the global group SparkLabs. This strategic initiative aims to strengthen the university’s innovation ecosystem and transform scientific research outputs and entrepreneurial projects into high-impact, sustainable tech startups. The fund targets early-stage startups, with a particular focus on ventures emerging from King Saud University, including projects led by students, researchers, and faculty members. It will also attract promising technology companies seeking to [&hellip;]
- [MoneyHash expands into Iraq with Wayl alliance](https://www.gccstartup.news/mena-region/iraq/moneyhash-expands-into-iraq-with-wayl-alliance/): IRAQ MoneyHash expands into Iraq with Wayl alliance: MoneyHash, a payment orchestration platform in emerging and global markets, announced a new partnership with Wayl, a local payment solutions provider, checkout engine, and merchant of record supporting global and regional businesses entering the Iraqi market. The partnership marks an important step in MoneyHash’s ongoing strategy to support geographic expansion across complex emerging markets. By working with Wayl, MoneyHash extends its reach into Iraq, enabling businesses to navigate local payment requirements through trusted, market-specific infrastructure, while supporting expansion into an e-commerce platform in Iraq that aligns with local market needs. Expanding Access to [&hellip;]
- [State Department Issues Urgent ‘Depart Now’ Order for Americans Across Middle East](https://www.gccstartup.news/featured/state-department-issues-urgent-depart-now-order/): State Department Issues Urgent ‘Depart Now’ Order for Americans Across Middle East: The U.S. Department of State has issued an urgent “DEPART NOW” advisory for American citizens across 14 countries and territories in the Middle East, citing rapidly deteriorating security conditions amid escalating military tensions linked to “Operation Epic Fury.” The directive follows a joint U.S.–Israeli military operation targeting Iranian infrastructure, significantly raising regional instability. Officials warned that the situation is evolving unpredictably and that commercial travel options may become unavailable without notice. A statement released via the The White House underscored “serious safety risks” across multiple jurisdictions and urged immediate [&hellip;]
- [War Clouds Over the Gulf: Will Geopolitics Slow the GCC’s Golden Decade?](https://www.gccstartup.news/interviews/war-clouds-over-the-gulf-will-geopolitics-slow-the-gccs-golden-decade/): Dr Tausif Malik War Clouds Over the Gulf: Will Geopolitics Slow the GCC’s Golden Decade?: For much of the past decade, the Gulf Cooperation Council (GCC) has been quietly rewriting its economic narrative. Long caricatured as oil-dependent monarchies, countries such as Saudi Arabia, United Arab Emirates and Qatar have built credible non-oil engines of growth — tourism, aviation, logistics, fintech, real estate and startups. Non-oil sectors now account for the majority share of GDP in several GCC economies. Saudi Arabia’s non-oil growth has consistently outpaced oil expansion in recent years, while the UAE’s diversified economy has transformed Dubai and Abu Dhabi [&hellip;]
- [Syria’s Ministry of Tourism Signs Digital Transformation Agreement with Saudi Arabia’s Elm](https://www.gccstartup.news/mena-region/syria/syrias-ministry-of-tourism-signs-digital-transformation-agreement-with-saudi-arabias-elm/): Syria Syria’s Ministry of Tourism Signs Digital Transformation Agreement with Saudi Arabia’s Elm: The Syrian Ministry of Tourism has signed a technical co-operation agreement with Elm, a pioneer in digital solutions in the Kingdom of Saudi Arabia, in a move aimed at accelerating institutional reform and embedding data governance standards across the tourism sector. Under the partnership, Elm will work alongside the ministry to design advanced frameworks for smart archiving, records management and structured data systems. The initiative is expected to streamline internal processes, strengthen transparency, enhance information flow and improve decision-making mechanisms within the ministry. The agreement marks a further [&hellip;]
- [Hyderabad to host Premier Global DM–CX–Loyalty Summit 2026 , Uniting Global Leaders Under the Theme “From Data to Devotion”](https://www.gccstartup.news/events/hyderabad-to-host-premier-global-dm-cx-loyalty-summit-2026/): India Hyderabad to host Premier Global&nbsp;DM–CX–Loyalty Summit 2026 , Uniting Global Leaders Under the Theme “From Data to Devotion”: The&nbsp;Premier Global&nbsp; DM–CX–Loyalty Summit 2026&nbsp;will be held on&nbsp;April 15-16, 2026, T-Hub, Hyderabad, is organized and hosted by Indian-American Dr. Tausif Malik. This premier global platform for Customer Experience (CX), Direct Marketing, and Loyalty will convene over 300 senior leaders to translate data and AI into sustainable customer loyalty and measurable revenue growth. Centered on the transformative theme&nbsp;“From Data to Devotion,”&nbsp;the summit features executive keynotes, practitioner-led panels, deep-dive workshops, strategic networking, a focused solutions expo, and the inaugural&nbsp;DM, CX &amp; Loyalty Awards. The [&hellip;]
- [Tzkrti.com Launches Cultural Impact Fund to Empower Arab Artists Across SWANA and the Diaspora](https://www.gccstartup.news/mena-region/palestine/tzkrti-com-launches-cultural-impact-fund/): MENA Tzkrti.com Launches Cultural Impact Fund to Empower Arab Artists Across SWANA and the Diaspora: Arab online ticketing platform Tzkrti.com has officially launched the Tzkrti Cultural Impact Fund, a bold new initiative designed to support grassroots artists, organisers, and creative spaces shaping the future of Arab culture across the SWANA region and the global diaspora. Founded in Palestine, Tzkrti.com has steadily evolved from a small local project into a regional cultural tech platform. Today, it connects audiences through music, art, and shared cultural experiences that celebrate Arab identity in all its diversity. Bridging the Cultural Gap for 30 Million Arabs Abroad [&hellip;]
- [Singapore's Ascentium acquires Clara to expand footprint in UAE](https://www.gccstartup.news/gcc/uae/singapores-ascentium-acquires-clara-to-expand-footprint-in-uae/): Singapore/UAE Singapore&#8217;s Ascentium acquires Clara to expand footprint in UAE: Ascentium, a leading global business services platform headquartered in Singapore, has acquired Clara, the largest licensed corporate service provider (CSP) in the Abu Dhabi Global Market (ADGM). This acquisition significantly expands Ascentium&#8217;s footprint in the Middle East via Clara&#8217;s established presence in ADGM and the Dubai International Financial Centre (DIFC). Clara is a critical partner for businesses looking to operate within the UAE&#8217;s premier common law financial centres. Clara supports a diverse client base from startups and SMEs to law firms, venture capitalists, investors, accelerators and government-related entities. It is recognised for its regulatory expertise [&hellip;]
- [Big Boost for Startups! Indian Government Unveils Rs 10,000 Crore Venture Capital Push](https://www.gccstartup.news/funding/big-boost-for-startups-indian-government-unveils-rs-10000-crore-venture-capital/): Dr Tausif Malik Big Boost for Startups! Indian Government Unveils Rs 10,000 Crore Venture Capital Push: In a decisive move to strengthen India’s innovation economy, the Union Cabinet chaired by Prime Minister Narendra Modi has approved the establishment of the Startup India Fund of Funds 2.0 (FoF 2.0) with a massive corpus of Rs. 10,000 crore. The new fund aims to mobilize long-term domestic venture capital and accelerate the next phase of India’s startup growth story. Driving the Next Phase of Startup India The government designed Startup India FoF 2.0 to deepen India’s venture capital ecosystem and actively support innovation-led entrepreneurship [&hellip;]
- [FTCCI to Host Telangana Real Estate Summit at T-Hub on Jan 29](https://www.gccstartup.news/events/ftcci-to-host-telangana-real-estate-summit-at-t-hub-on-jan-29/): India FTCCI to Host Telangana Real Estate Summit at T-Hub on Jan 29: The real estate sector in Telangana is poised for a strategic reset. Moving beyond traditional metrics of bricks, mortar, and square footage, industry leaders will converge at The Marvel, T-Hub, on January 29, 2026, for a pivotal summit aimed at defining the future of value creation in the state&#8217;s property market. Titled “Telangana Real Estate: Creating Value Beyond the Square Foot,” the event is organized by the Federation of Telangana Chambers of Commerce and Industry (FTCCI). It comes at a time when Hyderabad is widely recognized as one of India’s most resilient and forward-looking [&hellip;]
- [Lenovo Appoints Tareq Alangari as Senior Vice President Lenovo](https://www.gccstartup.news/mena-region/lenovo-announced-the-appointment-of-tareq-alangari/): Saudi Arabia Lenovo announced the appointment of Tareq Alangari as Senior Vice President &amp; President of its Middle East, Türkiye, and Africa (META) business. Lenovo is committed to elevating its presence in META by aligning with key regional priorities and serving as a trusted technology partner in national transformation programs, including Saudi Vision 2030, the UAE National Digital Strategy, Dubai Smart City, Qatar National Vision 2030, and the African Union Digital Transformation Strategy. With a strong focus on AI-driven solutions, cloud infrastructure, and advanced computing technologies, Lenovo aims to empower countries, enterprises, and consumers to unlock new opportunities for growth and [&hellip;]
- [Advanced Media launches CINECommunity with Courtyard Art &amp; Community Centre and Analog The Room](https://www.gccstartup.news/events/advanced-media-launches-cinecommunity-with-courtyard-art-community-centre-and-analog-the-room/): Dubai Advanced Media Trading, the leading distributor of professional broadcast, photo, video and cinema equipment and accessories across the MENA region, returns with CINECommunity from January 15-17, 2026. The biannual digital cinema event is convened in collaboration with the Courtyard Art &amp; Community Centre and in partnership with Analog The Room in honor of the UAE Year of Community and in recognition of the vibrant, thriving and emerging community of creatives across the MENA region.  CINECommunity&nbsp;is conceptualized in celebration of diverse perspectives, experiences and responsibilities that work as a collective at every stage of production to deliver an innovative and inspiring project. The three-day [&hellip;]
- [Samsung, Anghami partner to empower MENA’s rising artists with 'I Am The Scene' campaign](https://www.gccstartup.news/mena-region/samsung-electronics-mena-angham/): Zaheer Darbar &#8211; Entertainment Editor Samsung Electronics MENA and Anghami, the region&#8217;s leading music streaming platform, have launched&nbsp;&#8216;I Am the Scene&#8217;, a regional initiative focused on supporting emerging artists across the Middle East region. This dynamic collaboration not only bridges the gap between foldable Galaxy innovation and musical artistry but also celebrating rising stars from the Middle East through mobile-led music creation. Central to the campaign are Samsung&#8217;s latest foldable devices, the Galaxy Z Fold7 and Galaxy Z Flip7. Designed as all-in-one creative studios, the smartphone enables artists to compose, record, film, and edit their work with unparalleled precision and flair. [&hellip;]
- [California Makes History as the First Jurisdiction Worldwide to Offer a Centralized Data Deletion Platform](https://www.gccstartup.news/global/america/california-makes-history-as-the-first-jurisdiction-worldwide-to-offer-a-centralized-data-deletion-platform/): Dr Tausif Malik California Makes History as the First Jurisdiction Worldwide to Offer a Centralized Data Deletion Platform: California has taken a historic step toward strengthening digital privacy. With the launch of DROP (Delete Request and Opt-Out Platform), California residents can now exercise greater control over their personal information. Powered by the Delete Act, DROP allows consumers to request the deletion of their data from hundreds of data brokers through a single, streamlined process. What Is the Delete Act and How Does DROP Work? First and foremost, the Delete Act (Senate Bill 362) expands California’s already robust privacy framework under the [&hellip;]
- [GLP-1 Drugs Are Reshaping How America Eats, Shops, and Spends, New Circana Research Finds](https://www.gccstartup.news/featured/glp-1-drugs-are-reshaping-how-america-eats-shops-and-spends-new-circana-research-finds/): Dr Tausif Malik &amp; Dr Shabana Parvez, MD FACEP GLP-1 Drugs Are Reshaping How America Eats, Shops, and Spends, New Circana Research Finds: The rapid rise of GLP-1 weight-loss and diabetes medications is no longer just a healthcare story—it is a retail and lifestyle transformation. According to new research from Circana, LLC, GLP-1 usage is fundamentally changing what Americans buy, where they spend, and how they define self-care in a new era of accessibility. Circana’s report, “GLP-1 Unlocked: Retail Impacts in a New Era of Accessibility” (November 2025), shows that by September 2025, 23% of U.S. households—roughly 30 million—had at least [&hellip;]
- [The Three-Khan Framework: A Startup Playbook for Building a Category-Defining Brand](https://www.gccstartup.news/interviews/the-three-khan-framework-a-startup-playbook/): Dr Tausif Malik The Three-Khan Framework: A Startup Playbook for Building a Category-Defining Brand: Forget Silicon Valley for a moment. The most compelling masterclass in entrepreneurship, branding, and market domination in 2025 is unfolding in Bollywood. Shah Rukh Khan, Aamir Khan, and Salman Khan—all turning 60—aren’t just actors; they are founder-CEOs of the most resilient human brands in the world. Their six-decade tenure offers a powerful framework for any startup founder aiming to build a lasting, category-defining company. 1. Define Your Unshakeable Core Archetype (Your &#8220;Khan-Niche&#8221;) Just as the Khans dominate distinct lanes, your startup must own a specific archetype from day one. [&hellip;]
- [Ahmed bin Saeed chairs Dubai Free Zones Council meeting, reviews efforts to boost government cooperation and investor experience](https://www.gccstartup.news/gcc/uae/his-highness-ahmed-bin-saeed-chairs-dubai-free-zones-council/): UAE His Highness Ahmed bin Saeed chairs Dubai Free Zones Council meeting, reviews efforts to boost government cooperation and investor experience: The Dubai Free Zones Council, chaired by His Highness Sheikh Ahmed bin Saeed Al Maktoum, convened its 33rd meeting to review priority topics such as strengthening government cooperation, advancing the business environment across free zones, and enhancing regulatory readiness to facilitate their continued development. In the presence of His Excellency Lieutenant General Mohammed Ahmed Al Marri, Director General of the General Directorate of Identity and Foreigners Affairs in Dubai, the Council explored ways to enhance cooperation and achieve greater integration [&hellip;]
- [Dubai Film Development Committee Sets Strategic Priorities to Accelerate Growth of the Film Sector](https://www.gccstartup.news/featured/dubai-film-development-committee/): UAE Dubai Film Development Committee Sets Strategic Priorities to Accelerate Growth of the Film Sector: The Dubai Film Development Committee, a newly established body under the Dubai Media Council, held its first official meeting to define strategic focus areas aimed at advancing the growth and long-term sustainability of Dubai’s film sector. The meeting took place at the Council’s headquarters and marked a significant step toward strengthening the emirate’s position in the global creative economy. During the session, committee members reviewed the committee’s mandate, discussed its operating framework, and outlined priority areas to support film production, talent development, and industry collaboration. Importantly, [&hellip;]
- [MEDC MSME Capacity Building Summit 2025–26 Held in Pune](https://www.gccstartup.news/events/medc-msme-capacity-building-summit-2025-26-held-in-pune/): Dr. Tausif Malik MEDC MSME Capacity Building Summit 2025–26 Held in Pune, Draws Packed House and Global Expertise to Power Maharashtra’s MSMEs: The MEDC MSME Capacity Building Summit 2025–26, organised by the Maharashtra Economic Development Council (MEDC), was successfully held on December 17, 2025, in Pune, and concluded as a sold-out, high-impact industry event. The summit brought together senior government officials, global technology leaders, healthcare experts, GCC specialists, and MSME stakeholders to chart a future-ready roadmap focused on Artificial Intelligence (AI), Global Capability Centers (GCCs), Fintech, Healthcare, and global market integration for Maharashtra’s MSME ecosystem. Traditional Lamp Lighting and Welcome Note [&hellip;]
- [IFZA Scale360 Accelerator Graduates 14 Global AI and Sustainability Startups at Dubai Demo Day](https://www.gccstartup.news/gcc/uae/ifza-scale360-accelerator-graduates-14-global-ai-and-sustainability-startups-at-dubai-demo-day/): UAE IFZA Scale360 Accelerator Graduates 14 Global AI and Sustainability Startups at Dubai Demo Day: IFZA, one of the world’s most dynamic Free Zone communities, has announced the successful completion of its inaugural Scale360 accelerator program, marking a major milestone in Dubai’s innovation ecosystem. The program culminated in a high-impact Demo Day in Dubai, where 14 international AI and sustainability startups graduated, many with live pilots, active market entry plans, and relocation to the UAE already underway. Global startups choose Dubai as a scale-up hub From 136 applications worldwide, IFZA’s Scale360 selected a diverse cohort representing 11 countries: Singapore, India, Egypt, [&hellip;]
- [Sohar International Sweeps Three Top Honors at TOMI Awards 2025](https://www.gccstartup.news/events/sohar-international-sweeps-three-top-honors-at-tomi-awards-2025/): Oman Sohar International Sweeps Three Top Honors at TOMI Awards 2025: Sohar International has strengthened its position as a leader in strategic marketing and brand innovation after winning three major accolades at the TOMI Awards 2025. The bank received Best Overall Advertising Campaign, Best Event of the Year, and the prestigious Gold Marketing ICON Award, presented to Dr. Mazin Mahmood Al Raisi, Chief Marketing Officer of Sohar International. Held at the Crowne Plaza Qurum, the high-profile ceremony celebrated excellence in marketing across the Sultanate of Oman. The event brought together leading brands, agencies, and industry pioneers to recognize creativity, measurable impact, [&hellip;]
- [Disney Invests $1 Billion in OpenAI, Signing Three-Year Licensing Deal for AI-Generated Fan Videos](https://www.gccstartup.news/featured/disney-invests-1-billion-in-openai-signing-three-year-licensing-deal-for-ai-generated-fan-videos/): USA The Walt Disney Company has signed a three-year licensing agreement with OpenAI, becoming the first major content partner for Sora, OpenAI’s short-form generative AI video platform. As part of this transformative partnership, Disney will make a $1 billion equity investment in OpenAI and receive warrants to purchase additional equity. Sora to Create AI-Generated Fan Videos Featuring Over 200 Disney, Marvel, Pixar, and Star Wars Characters Under the new agreement, OpenAI’s Sora platform will generate short, user-prompted social videos inspired by more than 200 beloved characters across Disney’s iconic franchises. Fans will be able to create imaginative scenes using characters, costumes, [&hellip;]
- [President Trump Launches $1 Million ‘Gold Card’ Visa](https://www.gccstartup.news/featured/president-trump-launches-1-million-gold-card-visa/): Dr Tausif Malik President Trump Launches $1 Million ‘Gold Card’ Visa to Attract Global Talent and Investment: President Donald Trump has officially launched the Trump Gold Card, a fast-track residency program designed to attract high-net-worth individuals, top professionals, and global innovators. Announced Wednesday, the new visa initiative offers a “direct path to citizenship for all qualified and vetted people,” the President said in an enthusiastic social media post. Positioned as one of the most ambitious immigration reforms in recent years, the program aims to fuel economic growth, strengthen American industries, and enhance the nation’s global competitiveness. A Fast-Track Pathway for Global [&hellip;]
- [Commercial Tower in Dubai Named After Shah Rukh Khan Sold Out for AED 2.1 Billion](https://www.gccstartup.news/featured/commercial-tower-in-dubai-named-after-shah-rukh-khan-sold-out-for-aed-2-1-billion/): Dr Tausif Malik Commercial Tower in Dubai Named After Shah Rukh Khan Sold Out for AED 2.1 Billion: Crore In a major real estate milestone, Danube Group has sold out its one-million-square-feet premium commercial tower named after Bollywood superstar Shah Rukh Khan, achieving over AED 2.1 Billion (₹5,000) crore in bookings. The strong investor demand underscores Dubai’s growing appetite for high-quality office space. The commercial project, titled ‘SHAHRUKHZ by Danube’, is located on Sheikh Zayed Road. The announcement was made late Tuesday at the Dubai Exhibition Centre, where the Danube Group held its official event to declare the tower completely sold [&hellip;]
- [Paramount’s All-Cash Bid for WBD Gains Strength with Middle East Funds and Kushner Backing](https://www.gccstartup.news/featured/paramounts-all-cash-bid-for-wbd-gains-strength-with-middle-east-funds/): USA Paramount’s All-Cash Bid for WBD Gains Strength with Middle East Funds and Kushner Backing:Paramount has intensified its challenge to Netflix by taking its richer, all-cash offer for Warner Bros. Discovery (WBD) directly to shareholders. The move sets up what could become one of Hollywood’s most dramatic takeover battles, especially as major Middle Eastern sovereign wealth funds and Jared Kushner’s Affinity Partners step forward as key financial backers. Paramount Pushes Cash Power Paramount CEO David Ellison stressed that shareholders should focus on the certainty of a complete cash offer rather than complicated equity structures. Unlike Netflix’s partial acquisition proposal, Paramount is [&hellip;]
- [Supriya Sule Brings Forward Bill on Limiting Work Contact After Office Hours](https://www.gccstartup.news/global/asia/mp-supriya-sule-has-introduced-the-right-to-disconnect/): India Supriya Sule Brings Forward Bill on Limiting Work Contact After Office Hours: NCP (SP) MP Supriya Sule has introduced the Right to Disconnect Bill, 2025 in the Lok Sabha, aiming to allow employees to switch off from work-related calls and emails after office hours, on weekends and holidays. Indeed, the conversation has become increasingly urgent as India’s modern workforce faces growing stress and burnout. Rising Support Amid New Realities The proposal mirrors similar laws passed in countries like Australia, signalling a global shift. A recent Indeed survey highlights why this Bill matters: Even employers acknowledge the need for reform. 79% [&hellip;]
- [UAE-China Entrepreneurs Forum Sets Ambitious Goal to Boost Bilateral Trade to US$200 Billion by 2030](https://www.gccstartup.news/gcc/uae/uae-china-entrepreneurs-forum/): China UAE-China Entrepreneurs Forum Sets Ambitious Goal to Boost Bilateral Trade to US$200 Billion by 2030: The UAE-China Entrepreneurs Forum, launched in Shanghai, is poised to transform the entrepreneurship and innovation landscape between the two nations. With bilateral trade already reaching US$101.8 billion in 2024, leaders expect the economic exchange to nearly double to US$200 billion by 2030. Technology, artificial intelligence, machine learning, robotics, and advanced manufacturing are set to drive this remarkable surge. Strategic Agreements Strengthen Cross-Border Cooperation To accelerate this growth, a series of landmark agreements were signed among prominent entities including Vertix Holdings, the Emirates Entrepreneurs Association (EEA), [&hellip;]
- [Taager enters Morocco with new Casablanca operations](https://www.gccstartup.news/mena-region/morocco/taager-enters-morocco-with-new-casablanca/): Morocco Taager enters Morocco with new Casablanca operations: Taager, the Egyptian social e-commerce platform, has officially expanded into Morocco, opening operations in Casablanca as part of its wider regional growth across MENA. This move marks Taager’s first entry into North Africa after establishing its presence in Egypt, Saudi Arabia, and the UAE. The expansion targets Morocco’s fast-developing e-commerce sector, where Taager aims to make online selling more accessible to young, digital-first entrepreneurs. Founded in 2019, Taager offers an end-to-end platform that allows individuals to start selling online without carrying inventory or paying any upfront costs. The company manages sourcing, logistics, delivery, [&hellip;]
- [Mubadala co-leads investment in South Korea's NanoH2O](https://www.gccstartup.news/gcc/uae/mubadala-co-leads-investment-in-south-koreas-nanoh2o/): UAE/Korea Mubadala co-leads investment in South Korea&#8217;s NanoH2O: Glenwood Private Equity (“Glenwood  PE”), a leading Korea-based investment firm, Mubadala Investment Company (“Mubadala”), an  Abu Dhabi-based global investor, and other co-investors announced the closing of their co-investment in NanoH2O Co., Ltd. (“NanoH2O” or “the Company”, formerly known as LG Water Solutions and a division of LG Chem, Ltd.). All closing conditions and regulatory approvals have been met.  NanoH2O was established as a division of LG Chem in 2014 and became an independent company&nbsp; this year. Headquartered in Seoul, Korea, the Company is a leading global provider of reverse&nbsp; osmosis membranes for desalination and the [&hellip;]
- [Association of Arab Universities Honors QNL President as 2025 Personality of the Year](https://www.gccstartup.news/gcc/qatar/association-of-arab-universities-honors-qnl-president-as-2025-personality-of-the-year/): Egypt Association of Arab Universities Honors QNL President as 2025 Personality of the Year: The Association of Arab Universities has named HE Dr. Hamad bin Abdulaziz Al Kawari, Minister of State and President of Qatar National Library (QNL), as the 2025 Personality of the Year for Social Responsibility and Sustainable Development. The announcement came during the Second Forum for the Arab World&#8217;s International Day for Social Responsibility and Sustainable Development, held on December 4, 2025, at the Arab League headquarters in Cairo. Recognition of Qatar’s Cultural Leadership The forum, organized by the Department of Sustainable Development and International Cooperation of the [&hellip;]
- [Etihad Atheeb Rebrands as Etihad GO Telecom to Accelerate Digital Transformation](https://www.gccstartup.news/gcc/saudi/etihad-atheeb-rebrands-as-etihad-go-telecom/): Saudi Arabia Etihad Atheeb Rebrands as Etihad GO Telecom to Accelerate Digital Transformation: Etihad Atheeb Telecommunication Company (GO) has officially rebranded as Etihad GO Telecom, marking a major step in its strategic transformation. The company announced the name change in a bourse filing, emphasizing its commitment to strengthening its position in the telecommunications and technology sectors. Moreover, the new identity reflects its ambition to enhance technical capabilities and deliver more comprehensive services to customers. Advancing National Digital Goals With this rebrand, Etihad GO Telecom aims to play a greater role in Saudi Arabia’s digital future. Additionally, the change supports the group’s [&hellip;]
- [WeRide, Uber Launch Middle East’s First Fully Driverless Robotaxi Commercial Operations in Abu Dhabi, UAE](https://www.gccstartup.news/gcc/uae/weride-uber-launch-middle-easts-first-fully-driverless-robotaxi-commercial-operations-in-abu-dhabi-uae/): UAE WeRide and Uber Launch Middle East’s First Fully Driverless Robotaxi Commercial Operations in Abu Dhabi, UAE: WeRide, a global leader in autonomous driving technology, and Uber Technologies, Inc. announced the launch of Level 4 fully driverless Robotaxi commercial operations in Abu Dhabi. This marks the first driverless deployment in the Middle East, as well as the first city outside the United States to host fully driverless operations on the Uber platform. The launch was supported by the world’s first city-level fully driverless Robotaxi permit outside the U.S. This milestone represents a major step toward the large-scale deployment of self-driving mobility solutions in the UAE, [&hellip;]
- [Part One: GCC countries Focus – Dr. Tausif Malik Kicks Off Advertising Club Madras InsightView Series with Deep-Dive into NRI/Desi Consumer Psyche](https://www.gccstartup.news/featured/part-one-gcc-countries-focus-dr-tausif-malik-kicks-off-advertising-club-madras/): India The Advertising Club Madras successfully launched a new, multi-part diaspora series within its esteemed InsightView program yesterday, with Part One focusing on the influential Gulf Desi market (GCC Market). The session featured a illuminating and data-rich masterclass by Indian American globally renowned media innovator and social entrepreneur, Dr. Tausif Malik. Watch the session on YouTube Session 31, held virtually on Friday, November 28, 2024, was centered on the critical theme:&nbsp;“The Global Desi Diaspora Market: Understanding and Engaging 40+ Million NRIs &amp; Global Desis.”&nbsp;This session, focusing on the Gulf Cooperation Council (GCC) countries, is the first in a planned series, with future sessions to [&hellip;]
- [YEFI Launched: India Positions New Entrepreneurship Movement as the First-Ever “Social Unicorn”](https://www.gccstartup.news/global/yefi-launched-india-positions-new-entrepreneurship-movement/): Jyotsna Bahirat YEFI Launched: India Positions New Entrepreneurship Movement as the First-Ever “Social Unicorn”: In a landmark step toward strengthening India&#8217;s grassroots entrepreneurial ecosystem, the YouthAid Entrepreneurs Federation of India (YEFI) was officially launched in Pune on November 22. The initiative aims to bridge the gap between micro-entrepreneurs and key stakeholders such as government agencies, banks, CSR partners, digital platforms, and investors. Speaking at the launch, Mathew Mattam, Chairman of YEFI, said the federation will standardize quality, enhance branding, and promote ethical practices across grassroots businesses. Moreover, he emphasized that YEFI will help micro-enterprises scale sustainably and empower the next generation [&hellip;]
- [ASBU BroadcastPro Awards 2025: MENA’s Top Media Innovators Honoured in Dubai](https://www.gccstartup.news/events/asbu-broadcastpro-awards-2025/): UAE ASBU BroadcastPro Awards 2025: MENA’s Top Media Innovators Honoured in Dubai: The 15th ASBU BroadcastPro Awards 2025 announced its winners on November 11 at the Al Habtoor Grand Resort, JBR, celebrating excellence across the MENA region’s satellite, broadcast, film and streaming industries. The event marked the 15th edition of the BroadcastPro ME Summit and reaffirmed its position as one of the most influential platforms for media professionals in the Middle East. Since its inception, the summit has grown into a flagship B2B gathering, drawing leaders, decision-makers and innovators shaping the future of content and technology. This year’s milestone edition attracted [&hellip;]
- [Shah Rukh Khan Unveils First-Ever Property Named After Him: “My Mother Would Have Been Proud”](https://www.gccstartup.news/featured/shah-rukh-khan-unveils-first-ever-property-named-after-him-my-mother-would-have-been-proud/): Dr Tausif Malik Shah Rukh Khan Unveils First-Ever Property Named After Him: “My Mother Would Have Been Proud”: In a landmark moment for fans and the real estate world, Shah Rukh Khan unveiled the first-ever property named after him at a grand event held in Mumbai on Friday. The Dubai-based project, Shahrukhz Danube, is a 56-storey tower featuring premium office spaces starting at approximately 450 sq ft. The launch event saw the presence of choreographer and longtime collaborator Farah Khan, adding star power and nostalgia to the evening. “My Mother Would Have Been Very Happy,” Says SRK Shah Rukh Khan expressed [&hellip;]
- [Oman Extends Residency Card Validity to 10 Years Under New Decision](https://www.gccstartup.news/gcc/oman/oman-extends-residency-card/): Oman Oman Extends Residency Card Validity to 10 Years Under New Decision: In a major development aimed at simplifying residency procedures, Oman has extended the validity of its residence cards to 10 years, up from the previous three-year limit. The announcement, based on Decision No. 157/2025, amends certain provisions of the Executive Regulations of the Civil Status Law, according to reports citing the Royal Oman Police (ROP). Under the new regulations, cardholders must renew their residency within 30 days after issuance. The decision applies to specific categories as outlined by the Director General. The fee for the residency card has been [&hellip;]
- [How Startups Can Use the Global Press Release 2025 Report to Build Powerful Brands in the AI Era](https://www.gccstartup.news/gcc/how-startups-can-use-the-global-press-release/): Dr Tausif Malik How Startups Can Use the Global Press Release 2025 Report to Build Powerful Brands in the AI Era: In the fast-changing world of artificial intelligence (AI), one classic communication tool is making a powerful comeback — the press release. According to the Global State of the Press Release 2025 Report by PR Newswire, this 1906 invention has become a key driver of brand credibility, visibility, and AI-powered discovery. For startups and entrepreneurs, the findings reveal a major opportunity: press releases are no longer just news tools — they are brand-building engines. When used strategically, they can help young [&hellip;]
- [Saudi Tourism Minister Projects Unified GCC Visa Launch in 2026](https://www.gccstartup.news/featured/saudi-tourism-minister-projects-unified-gcc-visa-launch-in-2026/): Bahrain Saudi Tourism Minister Projects Unified GCC Visa Launch in 2026: The long-awaited GCC Unified Tourist Visa, known as “GCC Grand Tours,” is set to become a reality in 2026, according to Saudi Minister of Tourism Ahmed Al-Khateeb. The announcement came during the Gulf Gateway Investment Forum in Bahrain, marking a major step toward seamless travel across the six Gulf Cooperation Council (GCC) nations. A Landmark Step for Regional Mobility After four years of collaboration among Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, Oman, and Kuwait, the unified GCC visa is nearing completion. Designed to simplify cross-border travel, the initiative [&hellip;]
- [Abu Dhabi Media, STARZPLAY Partnership Highlights Growing Broadcaster Collaboration in MENA](https://www.gccstartup.news/gcc/uae/abu-dhabi-media-starzplay/): UAE Abu Dhabi Media, STARZPLAY Partnership Highlights Growing Broadcaster Collaboration in MENA: According to Omdia research, broadcasters across the Middle East and North Africa are increasingly rethinking their digital strategies. Many are moving away from standalone OTT platforms and exploring partnerships with established streaming services, a trend highlighted by the newly announced partnership between Abu Dhabi Media (ADM) and STARZPLAY. This deal aligns with the patterns Omdia has been tracking worldwide. &#8220;This partnership reflects the ongoing evolution of the MENA media landscape,&#8221; said Maria Rua Aguete, Head of Media and Entertainment at Omdia.Share Under the agreement, ADM’s digital catalogue, reported at [&hellip;]
- [From Local Potential to Global Reach: How Saudi Brands Can Lead the Next Wave of Licensing Growth](https://www.gccstartup.news/featured/from-local-potential-to-global-reach-how-saudi-brands-can-lead-the-next-wave-of-licensing-growth/): Amer Bitar From Local Potential to Global Reach: How Saudi Brands Can Lead the Next Wave of Licensing Growth: The expansion of the licensing industry in Saudi Arabia is moving from concept to execution. Over the past few years, the Kingdom has taken deliberate steps to build a creative economy that connects its cultural identity with global markets. The question is no longer whether international brands can succeed in Saudi Arabia—it is how Saudi brands can succeed internationally. This theme shaped the discussions at Licensing Horizons Riyadh 2025, held on October 28, 2025, the first edition of the Licensing Horizons forum [&hellip;]
- [Dubai Café Julith Launches World’s Most Expensive Coffee at $1,000 a Cup](https://www.gccstartup.news/featured/dubai-cafe-julith-launches-worlds-most-expensive-coffee-at-1000-a-cup/): UAE Dubai Café Julith Launches World’s Most Expensive Coffee at $1,000 a Cup: In a city renowned for luxury and world records, a Dubai café has raised the bar yet again. Julith Café has unveiled the world’s most expensive coffee, priced at nearly $1,000 (3,600 dirhams) per cup. The coffee, brewed from ultra-rare Panamanian “Nido 7 Geisha” beans, is making headlines worldwide. Julith purchased the beans at auction for about $600,000 (2.2 million dirhams) — the highest price ever paid for coffee beans. Transitioning from bean to brew, each cup offers a refined bouquet of floral and fruity notes, including hints [&hellip;]
- [DP World pledges $5 bn infrastructure investment in India](https://www.gccstartup.news/featured/dp-world-pledges-5-bn-infrastructure-investment-in-india/): India DP World pledges $5 bn infrastructure investment in India: In a monumental move set to reshape India&#8217;s logistics landscape, global trade leader DP World has pledged an additional&nbsp;$5 billion investment&nbsp;into the country&#8217;s supply chain infrastructure. This massive commitment significantly augments the $3 billion the company has invested over the past three decades. The announcement, made during India Maritime Week 2025, signals a powerful vote of confidence in India&#8217;s economic trajectory. Consequently, this investment will focus on strengthening the nation&#8217;s infrastructure backbone, advancing multimodal connectivity, and crucially, enhancing India&#8217;s competitiveness on the global trade stage. Strategic Partnerships Pave the Way This [&hellip;]
- [OpenAI, PayPal Join Forces to Revolutionize Instant Checkout and Agentic Commerce in ChatGPT](https://www.gccstartup.news/featured/openai-paypal-join-forces-to-revolutionize-instant-checkout-and-agentic-commerce-in-chatgpt/): USA OpenAI and PayPal have announced a partnership that will redefine how users shop and pay within ChatGPT, introducing a new era of Agentic Commerce. This alliance will allow millions of ChatGPT users to experience instant checkout using PayPal while enabling tens of millions of PayPal merchants to reach customers directly within conversational experiences. Transitioning from chat to checkout will soon become seamless. According to Alex Chriss, President and CEO of PayPal, “Hundreds of millions of people turn to ChatGPT each week for help with everyday tasks, including finding products they love, and over 400 million use PayPal to shop. By [&hellip;]
- [Publicis Groupe Middle East and Snapchat launch Youth Studio](https://www.gccstartup.news/featured/publicis-groupe-middle-east-and-snapchat-launch-youth-studio/): Saudi Arabia Publicis Groupe Middle East and Snapchat launch Youth Studio: Publicis Groupe Middle East has launched Youth Studio, a first-of-its-kind hub designed to help brands better understand and engage with Gen Z and Gen Alpha (Gen ZAlpha) across the GCC. Developed in partnership with Snapchat, the exclusive strategic partner to the Youth Studio, the platform helps marketers move beyond stereotypes and uncover the real drivers shaping youth identity, creativity, and influence &#8211; backed by data, insights and real voices. With more than 65% of Saudi Arabia’s population under 35 and nearly half of the UAE’s under 30, young audiences are not a [&hellip;]
- [Family Business Unlocked: The Talent, Governance, and Leadership Guide for Middle Eastern Family Firms Launched in Bahrain](https://www.gccstartup.news/gcc/bahrain/family-business-unlocked-the-talent-governance-and-leadership-guide-for-middle-eastern-family-firms-launched-in-bahrain/): Bahrain A new book titled Family Business Unlocked: The Talent, Governance, and Leadership Guide for Middle Eastern Family Firms was officially launched at the 2025 HRM Summit &amp; Awards Bahrain, organised by Roshcomm. The event, held in Manama, brought together business leaders, HR professionals, and academics from across the Gulf region. Co-authored by Alexander Campbell and Dr. John Mathew, the book offers a comprehensive perspective on how family-owned enterprises in the Middle East can strengthen their governance structures, develop leadership capacity, and manage talent effectively while preserving their core family values. The launch ceremony was attended by Yousif bin Abdulhussain Khalaf, [&hellip;]
- [Walmart Partners with OpenAI to Create AI-First Shopping Experiences](https://www.gccstartup.news/global/america/walmart-partners-with-openai-to-create-ai-first-shopping-experiences/): Walmart Partners with OpenAI to Create AI-First Shopping Experiences: In a groundbreaking move set to redefine retail, Walmart has announced a strategic partnership with OpenAI to build AI-first shopping experiences that connect customers from inspiration to purchase. This collaboration marks a major leap toward creating a seamless, intelligent retail journey where AI helps customers anticipate needs before they even arise. Through this partnership, customers and Sam’s Club members will soon be able to shop directly from Walmart within ChatGPT, using Instant Checkout for a faster and smarter experience. Whether planning meals, restocking essentials, or discovering new products, shoppers can simply chat [&hellip;]
- [Google First AI Hub in India, Powered by a $15 Billion Investment](https://www.gccstartup.news/global/google-first-ai-hub-in-india-powered-by-a-15-billion-investment/): India Google First AI Hub in India, Powered by a $15 Billion Investment: Google announced an artificial intelligence (AI) hub in Visakhapatnam (Vizag), Andhra Pradesh, enabling Google to deploy its full AI stack with the aim of helping accelerate AI-driven transformation across India. The new AI hub will combine powerful AI infrastructure, data center capacity, new large-scale energy sources and an expanded fiber-optic network, all in one place. https://riseback.org/ This investment of approximately $15 billion (USD) over five years (2026-2030) is Google’s largest investment in India to date, and is aligned to the Indian Government’s&nbsp;Viksit Bharat 2047&nbsp;vision to accelerate the expansion [&hellip;]
- [Joy Forum 2025: Global Icons to Unite in Riyadh for the Future of Entertainment](https://www.gccstartup.news/events/joy-forum-2025-global-icons-to-unite-in-riyadh-for-the-future-of-entertainment/): Dr Tausif Malik Joy Forum 2025: Global Icons to Unite in Riyadh for the Future of Entertainment: The highly anticipated Joy Forum 2025 will be held on October 16–17 in Riyadh as part of the Riyadh Season, under the patronage of General Entertainment Authority (GEA) Chairman Turki Alalshikh. The international event will unite an elite lineup of global leaders, innovators, and creative talents across entertainment, technology, media, sports, cinema, and music, reinforcing Saudi Arabia’s growing influence as a global hub for the creative economy. https://riseback.org/ Serving as a global stage for the new era of entertainment, the Joy Forum 2025 will [&hellip;]
- [Meta Unveils Next-Gen AI, Creator Tools to Empower Brands and Scale Growth](https://www.gccstartup.news/featured/meta-unveils-next-gen-ai-creator-tools-to-empower-brands-and-scale-growth/): USA Meta Unveils Next-Gen AI, Creator Tools to Empower Brands and Scale Growth: Meta is once again redefining digital advertising. The tech giant has unveiled a suite of next-generation generative AI and creator tools designed to help brands and agencies create smarter, more personalized, and more scalable campaigns across Facebook and Instagram. https://riseback.org/ The announcement marks Meta’s bold step toward building AI-enabled performance marketing, combining automation, personalization, and creativity to help businesses of all sizes grow faster and connect more authentically with global audiences. New Generative AI Tools for Smarter Video and Image Ads Today, nearly 2 million advertisers use Meta’s [&hellip;]
- [Billboard Genius: How One Woman Turned a Personal Quest Into a Startup Masterclass](https://www.gccstartup.news/interviews/billboard-genius-how-one-woman-turned-a-personal-quest-into-a-startup-masterclass/): Dr Tausif Malik Billboard Genius: How One Woman Turned a Personal Quest Into a Startup Masterclass: In today’s crowded digital marketplace, where every startup battles for clicks, conversions, and customer attention, a 42-year-old woman from the San Francisco Bay Area pulled off what many venture-backed companies can only dream of — creating authentic virality with almost no budget. https://riseback.org/ Meet Lisa Catalano, a woman who turned her search for love into a marketing experiment that now stands as a case study in creativity, storytelling, and brand positioning. The Spark: From Dating Fatigue to Brand Breakthrough Tired of endless swipes and shallow [&hellip;]
- [Omantel, Publicis Groupe Partner as Muscat Steps Into AdTech With AI-Powered Ecosystem](https://www.gccstartup.news/gcc/oman/omantel-publicis-groupe-partner-as-muscat-steps-into-adtech-with-ai-powered-ecosystem/): Oman Muscat has made its first bold move into advertising technology (AdTech) by launching an AI-driven ecosystem designed to set a new benchmark in the Gulf. Omantel, Oman’s largest telecom operator, has partnered with Publicis Groupe Middle East to introduce the Sultanate’s first AI-powered AdTech platform. This ambitious initiative blends Omantel’s telecom infrastructure with Publicis Groupe’s global media expertise. https://riseback.org/ The partnership positions Oman to catch up with neighboring Gulf markets such as Dubai, Riyadh, and Doha, which have already embraced AI-driven advertising strategies. For Omantel, the initiative is part of a larger transformation. The company is shifting from being a [&hellip;]
- [Dubai to Host Fourth Edition of 1 Billion Followers Summit with Global Initiatives and $1 Million AI Film Prize](https://www.gccstartup.news/gcc/uae/dubai-to-host-fourth-edition-of-1-billion-followers-summit-with-global-initiatives-and-1-million-ai-film-prize/): UAE Dubai to Host Fourth Edition of 1 Billion Followers Summit with Global Initiatives and $1 Million AI Film Prize: The 1 Billion Followers Summit, recognized as the world’s largest gathering for the creator economy, has announced its highly anticipated fourth edition. Scheduled from January 9 to 11, 2026, the event will span iconic venues including Jumeirah Emirates Towers, Dubai International Financial Centre, and the Museum of the Future, under the inspiring theme “Content for Good.” Organized by the UAE Government Media Office, this summit is set to drive the next wave of innovation in digital media. Its agenda promises global [&hellip;]
- [Emirates to give away 25 million miles to celebrate Skywards’ 25th anniversary](https://www.gccstartup.news/featured/emirates-to-give-away-25-million-miles-to-celebrate-skywards-25th-anniversary/): UAE Emirates to give away 25 million miles to celebrate Skywards’ 25th anniversary: Emirates Skywards, the award-winning loyalty programme of Emirates and flydubai, is celebrating its Silver Jubilee by giving back to its members with 25 days of prestigious prizes from 25 September – 20 October. From bonus Miles, surprise activities, to a whopping 25 million Skywards Miles raffle – the loyalty programme is marking its quarter-century milestone with unforgettable ‘fly better’ moments in the air and on ground. Emirates has also announced it will unveil a bespoke ’25 years’ aircraft livery featuring a striking silver design to celebrate the loyalty programme’s Silver [&hellip;]
- [Dubai Taxi Company, Kabi by Al Ghurair Launch UAE’s Largest Taxi Fleet](https://www.gccstartup.news/gcc/uae/dubai-taxi-company-kabi-by-al-ghurair-launch-uaes-largest-taxi-fleet/): UAE Dubai Taxi Company and Kabi by Al Ghurair Launch UAE’s Largest Taxi Fleet, Setting New Standards in Mobility: Dubai always wows when it comes to innovation, and the city has once again raised the bar. In a groundbreaking move, Dubai Taxi Company (DTC) and Kabi by Al Ghurair have joined forces with Zed, the UAE’s homegrown ride-hailing app, to create the largest and most advanced taxi fleet in the UAE. The strategic alliance was formalized through an agreement signed by Mansoor Rahma Alfalasi, CEO of Dubai Taxi Company, and Badr Al Ghurair, CEO of Kabi, Al Ghurair Mobility, marking a [&hellip;]
- [UAE Startups Digital First AI and Halo AI Head to L'Oréal’s 2025 Beauty Tech Grand Finale](https://www.gccstartup.news/gcc/uae/uae-startups-digital-first-ai-and-halo-ai-head-to-loreals-2025-beauty-tech-grand-finale/): Singapore UAE Startups Digital First AI and Halo AI Head to L&#8217;Oréal’s 2025 Beauty Tech Grand Finale: L&#8217;Oréal has officially announced the 10 startups that will head to Singapore for the Grand Finale of the 2025 SAPMENA Big Bang Beauty Tech Innovation Program, the biggest Beauty Tech open innovation competition of its kind. The event, scheduled for November 7, 2025, will determine which innovators secure a L&#8217;Oréal-funded commercial pilot opportunity and a year-long mentorship program with senior executives and global partners. https://riseback.org/ Startups Advance After Rigorous Evaluation After an extensive evaluation by industry experts, 10 startups from the South Asia Pacific, [&hellip;]
- [UAE Media Council Issues 1,800 Advertiser Permits to Boost Digital Advertising](https://www.gccstartup.news/gcc/uae/uae-media-council-issues-1800-advertiser-permits-to-boost-digital-advertising/): UAE UAE Media Council Issues 1,800 Advertiser Permits to Boost Digital Advertising: The UAE Media Council announced at the 14th edition of the International Government Communication Forum in Sharjah the issuance of more than 1,800 “Advertiser” permits. The event, held under the slogan “Communication for Quality of Life”, highlighted the Council’s efforts to strengthen and regulate advertising activity across social media platforms nationwide. Strengthening the UAE’s Position as a Global Hub The record demand for the permit reflects the initiative’s success in achieving its main objectives. These include supporting investment in advertising content production, boosting the competitiveness of the digital advertising [&hellip;]
- [BRIDGE Summit: UAE to Host World’s Largest Media, Content, and Entertainment Gathering](https://www.gccstartup.news/events/bridge-summit-uae-to-host-worlds-largest-media-content-and-entertainment-gathering/): Dr Tausif Malik BRIDGE Summit: UAE to Host World’s Largest Media, Content, and Entertainment Gathering: Abu Dhabi is set to become the global capital of media and creativity this December. The UAE National Media Office (NMO) has officially announced the launch of the BRIDGE Summit, the world’s largest platform for media, content, and entertainment. The inaugural edition will take place from December 8 to 10, 2025, at the Abu Dhabi National Exhibition Centre (ADNEC). The landmark summit will bring together more than 60,000 participants, 400 global speakers, and 300 exhibitors. Attendees will include creators, producers, artists, publishers, entrepreneurs, investors, academics, and [&hellip;]
- [Morocco’s Done.ma Lands USD 2.1M to Build a Homegrown Super App](https://www.gccstartup.news/funding/moroccos-done-ma-lands-usd-2-1m-to-build-a-homegrown-super-app/): Morocco Morocco’s Done.ma Lands USD 2.1M to Build a Homegrown Super App: Moroccan startup Done.ma has secured USD 2.1 million in seed funding from local and angel investors. to accelerate its mission of building Morocco’s first homegrown super app. The funding marks a significant milestone in the country’s digital transformation journey, as Morocco positions itself as a regional tech hub. Founded in 2024 by Mohamed El Ghaissani, Done.ma goes beyond food delivery by offering a unified mobile platform that combines food delivery, e-commerce, quick commerce, ride-hailing, and digital financial services. With a hyperlocal model tailored to Moroccan and African consumers, Done.ma [&hellip;]
- [UAE-based luxury luggage brand Armoir raises $500k seed round to fill a gap in the premium travel market](https://www.gccstartup.news/gcc/uae/uae-based-luxury-luggage-brand-armoir-raises-500k-seed-round-to-fill-a-gap-in-the-premium-travel-market/): UAE UAE-based luxury luggage brand Armoir raises $500k seed round to fill a gap in the premium travel market: Armoir, the luxury luggage company inspired by the heritage of French wardrobe trunks, announced the close of a $500K seed funding round led by Salica Oryx Fund, with participation from Plus VC and leading global angel investors. The round, which closed during summer 2025, builds on early support from the Chalhoub Group via the Greenhouse, Armoir&#8217;s first backer. Founded in 2024 by serial entrepreneur Martial Dahan, Armoir addresses a major gap in the premium luggage market: delivering luxury-quality products at more accessible [&hellip;]
- [Dubai Land Department wins ‘Inspirational Brand Category’ award, reaffirming the emirate’s real estate leadership](https://www.gccstartup.news/featured/dubai-land-department-wins-inspirational-brand-category-award-reaffirming-the-emirates-real-estate-leadership/): Dubai Dubai Land Department wins ‘Inspirational Brand Category’ award, reaffirming the emirate’s real estate leadership: Dubai Land Department has earned one of the region’s most prestigious honours by winning the ‘Inspirational Brand’ award at the Asia-Pacific Property Awards 2025. This achievement reaffirms DLD’s status as a leading government entity, recognised for its excellence and impact both regionally and globally. This recognition comes in appreciation of the DLD’s role in cementing Dubai’s position as a global capital for real estate investment and a premier destination for both individual and institutional investors. It has achieved this through the application of international standards in [&hellip;]
- [Majid Al Futtaim Launches HyperMax in Bahrain, Supporting Vision 2030](https://www.gccstartup.news/gcc/majid-al-futtaim-launches-hypermax-in-bahrain-supporting-vision-2030/): Bahrain Majid Al Futtaim Launches HyperMax in Bahrain, Supporting Vision 2030: Majid Al Futtaim, the leading retail, shopping mall, and lifestyle pioneer across the Middle East, Africa, and Asia, has officially launched its flagship grocery retail brand HyperMax in Bahrain. The launch marks a significant milestone in the company’s regional expansion and commitment to community-driven retail. HyperMax opened six locations across Bahrain, offering top-quality products at competitive prices. The brand emphasizes fresh, locally sourced produce, ensuring that customers enjoy both variety and value. Moreover, the stores are supported by over 1,600 team members, reflecting Majid Al Futtaim’s dedication to creating jobs [&hellip;]
- [UAE reaffirms support for joint efforts to advance global tourism at G20 Tourism Ministers Meeting](https://www.gccstartup.news/gcc/uae/uae-reaffirms-support-for-joint-efforts-to-advance-global-tourism-at-g20-tourism-ministers-meeting/): UAE The UAE delegation, led by H.E. Abdulla bin Touq Al Marri, Minister of Economy and Tourism, participated in the G20 Tourism Ministers Meeting 2025, held in Mpumalanga, South Africa. The meeting discussed several priority topics for advancing the global tourism sector – most notably the means to enhance digital innovation, sustainable finance and investment, expansion of air connectivity, and enhancing the sector’s resilience. In his speech, H.E. Bin Touq affirmed that, under the directives of its wise leadership, the UAE has strengthened its position as one of the world’s leading tourism destinations by developing advanced infrastructure, enacting flexible legislation, and [&hellip;]
- [REGISTRATION OPENS FOR CRADLE LIVE! STARTUP ASEAN SUMMIT 2025](https://www.gccstartup.news/events/registration-opens-for-cradle-live-startup-asean-summit-2025/): Malaysia REGISTRATION OPENS FOR CRADLE LIVE! STARTUP ASEAN SUMMIT 2025: Cradle Fund Sdn Bhd (Cradle), Malaysia&#8217;s focal point agency for early-stage startups under the Ministry of Science, Technology and Innovation (MOSTI), announced that registration is now open for the Cradle LIVE! Startup ASEAN Summit 2025, scheduled to take place in Kuala Lumpur from 3 to 5 November. With the theme &#8220;Scaling Startups Beyond Borders,&#8221; the summit will gather entrepreneurs, investors, corporate leaders, and policymakers from across ASEAN and beyond, spotlighting high-growth startups in diverse range of technology; Artificial Intelligence, FinTech, HealthTech, and AgriTech, among others. The event underscores&nbsp;Malaysia&#8217;s&nbsp;commitment to driving regional collaboration and investment opportunities, aligning with [&hellip;]
- [Sheikh Hamdan Inaugurates IIM Ahmedabad’s First International Campus in Dubai](https://www.gccstartup.news/featured/sheikh-hamdan-inaugurates-iim-ahmedabads-first-international-campus-in-dubai/): UAE Sheikh Hamdan Inaugurates IIM Ahmedabad’s First International Campus in Dubai: H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, officially inaugurated the first international campus of the Indian Institute of Management Ahmedabad (IIMA) at Dubai International Academic City, part of TECOM Group PJSC. Strengthening UAE–India Educational Ties Welcoming IIMA to Dubai, Sheikh Hamdan noted that the milestone reflects the deep-rooted partnership between the UAE and India. He emphasized that under the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Dubai [&hellip;]
- [216 Capital, Plug and Play launch new accelerator to empower local startups](https://www.gccstartup.news/mena-region/tunisia/216-capital-plug-and-play-launch-new-accelerator-to-empower-local-startups/): Tunisia 216 Capital, Plug and Play launch new accelerator to empower local startups: Tunisia’s startup ecosystem takes a major step forward with the launch of the “216 Capital Venture Accelerator”, a programme created by leading venture capital firm 216 Capital in partnership with Silicon Valley innovation powerhouse Plug and Play. An exclusive program dedicated to tunisian startups This six-month accelerator program will support up to 20 Tunisian startups on their journey to becoming investment-ready and scaling to regional and global markets. Each startup will receive: Shared vision for Tunisia’s innovation ecosystem “This programme marks an important milestone for the Tunisian ecosystem. [&hellip;]

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