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Organized by The Assembly, a one-of-a-kind collaborative community makerspace and Smart lab located within the in5 innovation center in Dubai Knowledge Park, the not-for-profit initiative brought together learners, students, entrepreneurs and makers to learn and share hands-on tech skills, explore new ideas and bring them to life.
When Bill Gates famously said “banking is necessary, banks are not,” Saad Ansari paid attention. The founder and CEO of Xpence set out to innovate for financial inclusion to solve the biggest barrier facing startups in the UAE today: setting up a bank account.
MENA startups data platform MAGNiTT has released its H1 2019 MENA Venture Investment Report, which reveals that 238 startup investment deals have taken place in the region in the first half of this year, amounting to $471 million in total investment.
Harmeek Singh, when he first arrived in Dubai 15 years ago, could probably have not imagined that he’d become the founder and CEO of a homegrown business known for redefining the UAE’s events industry- but you could perhaps tell he was on his way there if you were to hear his recipe for startup success.
MENA investors share thMENA investors share their pet peeves and main preferences on what they'd like to see in a pitch deck.eir pet peeves and main preferences on what they'd like to see in a pitch deck.
Dubai FDI, the investment development agency of the Department of Economic Development in Dubai (Dubai Economy), has won the 2019 Top Investment Promotion Agency (IPA) Award for the Middle East at the World FDI Forum 2019, national news agency WAM reported on Wednesday.
Dubai-based The Luxury Closet, an online marketplace for the resale of pre-owned designer goods, has raised $2.3 million in fresh funds to close its growth funding round with a total of $11 million, the startup announced in a press statement this week.
The Dubai Free Zones (DFZ) Council plans to launch a new initiative that would allow companies licensed at a single free zone in Dubai to also operate in other free zones in the emirate without the need for a second license.
Show evidence of your execution ability, and that you have thoroughly-researched ideas for your market – that's what the judges of the Dubai Smartpreneur Competition 4.0 say entrepreneurs need to do to stand out in the startup arena.
A new strategy to create economic and creative free zones in universities across Dubai is poised to propel the emirate's startup sector to new heights and play a significant role in the UAE's future growth as a knowledge and innovation economy, experts have said.
Arab's resignation comes about two weeks after Namshi announced its complete acquisition by Emaar Malls, the retail arm of the Dubai-headquartered Emaar Properties, by buying out Global Fashion Group's stake in the company.
Most people aren't inclined towards applying for a job that advertises that it can't really pay you at the moment but promises equity someday in the future. But not only did Ishita Sood apply to it immediately, she also accepted the role as WakeCap's founder without putting anything on paper and before the company was officially formed.
Wannabe entrepreneurs in the UAE can benefit from changes in the country’s labour system that allows for employees to take on part-time work in addition to their full-time roles, a legal expert has said.
Etisalat Information Services, a subsidiary of Etisalat Services Holding, is amplifying its hyper-local search engine by launching a next generation aggregator-model through its enhanced Connect.ae mobile application.
For businesses to hire with confidence and mitigate employment risk, a consistent level of due diligence should be undertaken for all candidates to verify basic details such as identity, previous employment, and education history.
The sharing economy, whilst still in its infancy in the GCC, is rapidly gaining momentum across the region. This growth is an encouraging sign that the region’s investment to become a tech- and innovation-friendly environment is paying off.
'Mnawrah ', a marketplace for instant, personalized and cultural specific e-cards founded by Aysha Al Hemrani, was awarded free company setup and a desk space at the Dubai Silicon Oasis Authority's (DSOA) wholly owned Dubai Technology Entrepreneur Campus (Dtec) as part of a pitch competition at the 3rd Emirati Tech Boot Camp earlier this month.
The establishment of a new Halal Trade and Marketing Centre in Dubai is geared to support global companies, startups, and businesses operating in the Islamic economy, the Director General of […]
Closer to home, an Economic Bulletin on the US-China trade war by the Dubai Chamber of Commerce says that the UAE, and some other GCC countries are “very well positioned” to gain a larger market share in the Chinese market for select products on the list such as petrochemicals and polymers, such as polyethylene, polycarbonate and acrylonitrile, along with liquefied propane. The tariffs could also have a positive impact on UAE producers due to higher demand from China. Meanwhile, with the UAE's role as a major transshipment point, the trade war also presents an opportunity for SMEs in the Emirates and wider Middle East region who function as the main importers and re-exporters of Chinese goods.
Dubai Startup Hub, the entrepreneurship arm of Dubai Chamber of Commerce and Industry, is all set to launch the third season of its networking series this September. The season begins September 12 and runs till November 28 with 12 exciting speakers lined up to share their best startup stories and insights each week on Wednesday.
MENA startups data platform MAGNiTT has released its MENA Venture Investment Report for the first half (H1) of 2018, which shows a 12% increase in the number of deals in H1 2018 (at 141 investments) up from 125 deals in H1 of 2017.
Other than developing their innovative products and hustling in the startup world to get the attention they deserve, the entrepreneurs of the 21st century have many other things to worry about. Startups, since they are almost always surrounded by other startups, usually forget about the ‘traditional’ corporate world.
Dubai Startup Hub’s Market Access is a custom-built program for corporations that seek further development and innovation. The Market Access program aims to be the bridge between well-established corporations and promising startups. This is done by identifying the needs of the corporation and then finding a suitable startup in the UAE or the global market that can potentially collaborate with the corporation.
Founded in 2013, UAE-based digital marketing company Digital Falcon Inc., faced the same issues that almost all startups face – a lack of brand awareness, no customer-base, lack of credibility in the market and financing challenges. But fast forward to today and the company has doubled in size over the past year, and seen its annual revenue skyrocket by six figures.
Dubai-based entrepreneur Ahamed Jameel believes it's important to get out there and work not just at the big names, but also at startups. After all, working in a startup is as close as it gets to learning how to actually found and run one.
The Dubai Startup Hub - the entrepreneurial support arm of Dubai Chamber of Commerce and Industry - is offering 14 startups in Dubai the opportunity to participate in a board meeting simulation workshop.
Allah-Mensah's 12-month placement is part of an initiative by UAE-based social enterprise Evolvin’ Women, which aims to improve the employability of women in developing countries by providing them with education, resources, networks and employment opportunities that would not be otherwise available to them.
For a startup in search of funding, demonstrating how you make your decisions is the key to convincing investors to sign on - and the obvious and most important way to do that is to set up a board.
Some startups boast that their company culture is the number one reason people should come work for them. Others have grown to 25, maybe even 50, employees and haven’t yet defined their culture. This article is aiming at the latter group, those without a defined company culture, whether your startup is a team of 5 or 50.
Dubai is the commercial capital of United Arab Emirates. This “city of gold” provides vast business opportunities and innovative commercial modules for enterprises from around the world. International exposure and […]
E25, Emaar’s in-house disruption lab that serves as a platform for aspiring entrepreneurs aged 25 and under to build new startups or work on innovative projects within Emaar, recently launched […]
Google is taking a step towards increasing employability of MENA youth. At an event held at the Youth Hub in Dubai, Google launched Maharat Min Google, a free digital skills-building program in Arabic that will provide access to free courses, tools and in-person training to help the region’s youth prepare for and find jobs, grow their skillsets, or start their own businesses.
During the early startup phase, successful entrepreneurs found the so-called product-market-fit, where they identified and validated the problem statement, the value of the proposed product, the customers that will buy […]
With your business growing steadily, you face a challenging decision- is this the right time to hire your first employee? Making an expansion decision can be tough and even confusing. Employing staff too soon can have a costly effect in terms of cash flow problems that can easily drown your business. On the other hand, delaying your decision can result in missed opportunities, either in terms of capitalizing on a growing market or expanding your business.
Taking that first step and setting up your own business is exciting and challenging at the same time. In the UAE, would-be entrepreneurs often face a number of obstacles before they decide to take the leap. They may worry about the financial investment, the time they will have to dedicate to the business, and they’d also doubt their own success. But once those have been dealt with, entrepreneurs reach the next stage where they are full of energy and want to get started right away, which, in some cases at least, can mean rushing into things without adequate planning, and then having to pay the price when things need to be “fixed” or redone later on.
The end of March marks the sixth annual STEP Conference in Dubai. It’s one of the biggest (and most fun) tech events in the Middle East and North Africa region, but it’s not the conference itself that has so many entrepreneurs excited.You see, there’s a hidden side to conferences- something I like to call a “shadow conference.” It’s in these shadows that bottles pop, deals get inked, and lasting relationships are forged. Shadow conferences are an increasing trend among entrepreneurs, and these side events can be more fruitful than the main attraction. By planning ahead and tapping into your networks, you can unlock a whole new world for your business.
Since its inception nearly two years ago, DAI has received around 500 deal proposals per year, and ended up closing approximately 10 of those per year, Shah says. The process starts with an interested entrepreneur contacting a member of the DAI’s Investment Committee to review and advise on its application. If given the green light, the startup’s application is submitted to the DAI’s Investment Committee for initial screening and selection, followed by voting on whether the interested startup should be invited to one of DAI’s pitch nights, those are usually held on the second Tuesday of every month.
As entrepreneurs in a fast growth environment, it is incredibly challenging to keep the ship steered steadily on route, and so we try to keep the full team involved in navigating the waters. Whether our next big aha is the launch of our new cars product, supporting our banking and insurance partners with an ever growing repository of leads, launching our soon to air ‘make an offer’ online feature, or keeping the customer experience in buying and selling cars a breeze, is unclear. But we’re sure to make some headway across the board and double down where need be.
Launched in July 2016 by CEO Mohamed Amine Belarbi and CTO Mohamed Zakariae El Khdime, the co-founders saw a gap in the market and leveraged their access to stellar talent in security and ethical hacking community groups. “Ethical hackers are a very rare resource, and they tend to have a tendency to dislike bureaucracy, corporate structures, and authority,” says Belarbi. With VUL9, the co-founders cultivated an environment for hackers to “feel free to pursue their passion in a legal and ethical way, and at the same time, not feel as if they were forced to work for a paycheck.”
So, your Dubai business is off the ground. Well, what next? Because there can be mixed feelings after receiving a UAE company trade license. There is of course excitement because you are committed to becoming a startup entrepreneur, but there is also trepidation with a fear of the unknown, which is understandable.
When you’ve lived and worked in Dubai for as long as I have, you would be forgiven for becoming almost desensitized to the rapid acceleration of the city. Barely a week goes by without word of another new development, or murmurings of the next big startup that’s about to break through.
For private equity and venture capital investors, emerging markets (EM) have long felt like the Wild West. Many question the model’s success in countries where regulation is low and leverage is hard to come by.
Setting up your own business can be complicated at the best of times. Add to that the additional complexities of setting up in a foreign country and the task can feel like a bit of a minefield.
NOW Money, the company I co-founded in 2015, recently raised funding from US venture capital (VC) firms Accion and Newid Capital. NOW Money provides accounts and remittance options to low-income migrant workers in the Gulf Cooperation Council (GCC).
Founders have to be resilient and thick-skinned. Prepare yourself to exhaust your network of investors, and accept the fact that fundraising is going to take time, even if that's a hard pill to swallow.
Dubai-based international venture capital firm ASA Ventures has released a new reality web series called the ‘7 Days Challenge’ that shows the VC firm team up with an entrepreneur to turn an idea into a revenue-generating startup in exactly a week.
The UAE has ranked among the top three innovation economies in the Northern Africa and Western Asia region in this year’s edition of the Global Innovation Index (GII), and jumped two spots to #36 out of a total of 129 countries worldwide.