My Startup World Staff

Winners of Innovators Under 35 MENA program announced

The winners of the Innovators Under 35 MENA program have been announced by Dubai Future Foundation and MIT Technology Review Arabia, published by Haykal Media.

National Bank of Fujairah sets up banking platform for SMEs

National Bank of Fujairah (NBF) is building a dedicated banking platform that will be an exclusive digital space co-created with SMEs to understand and address their needs better. Positioned as a community platform ‘For SMEs by SMEs’, the SME banking platform

McKinsey & Company launches Qiyada Emerging Leaders program

McKinsey & Company has announced the launch of a new leadership development program designed to unlock the leadership potential of top Emirati professionals in Abu Dhabi. The intensive one-year program is set to commence in January 2020. to invest AED 50M in UAE and KSA, the world’s largest online fresh fish and meat store announced its expansion in Middle East region by expressing its intend to invest AED 50 million in UAE and Saudi Arabia over next two years. The company’s regional expansion is supported by CE-Ventures,

Bahrain to setup fast-track process for global startups

The Bahrain Economic Development Board (EDB) – the investment promotion agency for the Kingdom of Bahrain in partnership with Web Summit – announced a fast-track setup process for startups globally looking to take advantage of the business environment and startup ecosystem in Bahrain.

Wamda Capital continues to invest in Twiga Foods

Kenya-based startup Twiga Foods has raised $23.75 million in a Series B equity round led by Goldman Sachs, with participation from existing investors, including Wamda Capital, the International Finance Corporation, TLcom Capital, and Creadev.

ESET launches the latest version of its security solutions

ESET Middle East today announced the availability of their latest version of ESET NOD32 Antivirus, ESET Internet Security and ESET Smart Security Premium that offers various scope of multiplatform integration, advanced machine learning, an improved password manager and secure data encryption.

UAE Inventors Society launched

As reported by WAM, Hessa Essa Buhumaid, Minister of Community Development, has signed-off on Ministerial Decision No. 304 of 2019, announcing the launch of the UAE Inventors Society.

Western Digital unveils new NAS solutions for small businesses

Western Digital introduced an array of purpose-built storage solutions for small businesses and home offices leveraging NAS environments. The solutions include the first-ever WD Red SSDs, which enhance performance and caching abilities in a hybrid NAS environment, as well as a 14TB capacity for the WD Red and WD Red Pro HDDs. With the increase in virtualization, 10GbE (10 Gigabit Ethernet) and hig...

Abu Dhabi-based tech startup, Bayzat raises $16mln in series B funding

Abu Dhabi-based Bayzat providing a free platform for human resources (HR), payroll and employee benefits, has raised $16 million in Series B funding. The funding round was led by Point72 Ventures and is Mubadala Capitals’ first investment in a UAE-based startup.

Saudi startups join regional accelerator

Saudi British Bank (SABB) has joined partner bank HSBC to open the regional ‘C3 Social Impact Accelerator’ to Saudi startups for the first time. The program is the region’s flagship accelerator program offering training and investment opportunities for startups making a positive social impact.

Five reasons why insurance for SMEs is critical

Leading global insurance company, AXA highlights the significance of SMEs for the economy of Dubai, as SMEs represents 95% of all establishments in the Emirate. These SME businesses account for 42% of the workforce and contribute around 40% to the total value generated in Dubai’s economy.

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