My Startup World Staff

Badir-incubated Biotech startups raised $10 million

The Saudi biotech startups incubated by BADIR Biotechnology Incubator, under the Badir Program, set up by King Abdul Aziz City for Science and Technology (KACST), has successfully raised close to SR38 million ($10.133 million) in new funding last year.

Beehive launches a debt-based crowdfunding platform

The Economic Development Board of Bahrain (EDB) and Beehive announced the launch of Beehive, a debt-based crowdfunding platform, in Bahrain which will open up new funding avenues for SMEs and help drive innovation across the Kingdom and region.

Delivery Hero to acquire Zomato’s UAE food delivery business

Leading global online food ordering and delivery marketplaces, Delivery Hero Group entered into an agreement with Zomato to buy its food delivery business in UAE through Delivery Hero’s fully owned subsidiary Talabat Middle East Internet Services Company LLC (“Talabat”).

Customer loyalty in the Digital age

Sanjit Gill, General Manager, Middle East at Collinson, explains the evolving world of customer loyalty in the digital age

30 EdTech startups finalists named for the Next Billion EdTech Prize

30 innovative EdTech startups have been named as finalists of the Next Billion EdTech Prize recognising the most innovative use of technology that has the potential to radically impact education in low income and emerging economies.

Golden Scent receives second round of investments

Golden Scent, the leading Saudi e-commerce beauty platform, announced the closing of a new round of investments from its current funders within a record 12-month period. The company attributes this new  round of funding to a remarkable year of growth that enabled it to established reputation

20 teams make it to KAUST Hajj and Umrah contest

Twenty teams have been chosen to progress to the next phase of an innovation and entrepreneurship initiative at King Abdullah University of Science and Technology (KAUST), which aims to support and develop projects to deliver smart services for pilgrims in Saudi Arabia during Hajj and Umrah.

Emaar Malls completely buys out Namshi

Emaar Malls has fully acquired Namshi, the leading regional fashion e-commerce retailer. This follows acquiring the remaining stake of Global Fashion Group (GFG) in Namshi, in an all-cash transaction of AED 475.5 million (Euro 114.3 million; US$ 129.5 million).

Microsoft launches three new Surface devices

Microsoft has launched three new devices to its Surface family. The new devices include the Surface Studio 2, the Surface Pro 6 and the Surface Laptop 2. “The UAE is home to many industries and professions, each with its own unique requirements for a great productivity device,”

Faith Capital funds $8 m to JustClean

Faith Capital announced today the recent close of a $8 m Series A round of financing in JustClean, a Kuwaiti laundry technology startup, in order to expand ongoing GCC marketplace operations, in addition to expanding B2B logistics and SaaS initiatives

Liv. offers mobile phone insurance in UAE

Liv., the lifestyle digital bank by Emirates NBD announced the launch of UAE first mobile insurance service in partnership with leading insurer, RSA Insurance, offers an entirely paper-free process from purchase of policy to claims, all via the Liv. App.

Visa brings Apple Pay to Saudi Arabia

Visa brings Apple Pay to its Saudi-based cardholders. Apple Pay allows prepaid, debit and credit cardholders to make easy, quick and secure purchases using their iPhone and Apple Watch in stores that accept contactless payments.

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