Email us at editorial.zawya@refinitiv.com, or send us your company press releases to pressrelease.zawya@refinitiv.com. Despite the challenges stemming from Covid-19, e-commerce and fintech, retained top spots by the number of deals, with the two sectors together representing 24 per cent of all deals in 2020. macro_adspot: ©2021 Galadari Printing and Publishing LLC. September 23, 2020 September 23, 2020 … macro_action: article, Much of this has been driven by SMEs and Startups, which are often at the forefront of fresh ideas – in many ways they can be considered the lifeblood of the UAE commercial spirit. Screen, analyze and compare projects in the Middle East and North Africa across Infrastructure, Real Estate, Industrial and Energy sectors with Refinitiv’s Eikon. The news is made all the sweeter by the fact that the announcement has coincided with the peer-to-peer payment app being chosen for Y Combinator’s winter 2021 … Sajid Azmi, founder and chief executive officer, Yegertek, said: “Pandemic induced restrictions accelerated the growth of e-commerce, but this should not be seen as a temporary transition. READ MORE, UAE fights Covid: Dubai suspends entertainment on board vessels, floating restaurants, Dubai fights Covid: Eateries get new social distancing rules, Coronavirus: UAE reports 3,552 Covid-19 cases, 3,945 recoveries, 10 deaths, Dubai fights Covid: New gym rules announced, Covid-19: Emirates suspends flights to Copenhagen, UAE expats harassed in viral video, 4 men arrested, Rise in Covid-19 cases: UAE police, doctors issue advisory for residents, Myth busted: Covid-19 vaccine won’t affect men’s fertility, Dubai parties, weddings: Maximum number of guests reduced, UAE-US flights: Mandatory Covid test for all travellers, aged 2 and above, Russia’s Sputnik V vaccine in UAE: All you need to know. A tech startup based in Cairo has just raised a six-figure amount of investment funding to expand its platform to offer digital services to closed communities in the Middle East and North Africa. TaxBuddy.com, a Mumbai-based fintech startup, on Monday raised $1 million in early-stage funding from UAE-based fund Zenith Global. Get the best prices at the sites you frequent the most. “Increased activity will translate into increased competition, especially as contemporary customers are well aware of their choices. 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UAE startups top in funding, deals led by ecommerce in 2020. All Rights Reserved. macro_profile: , The company motto believes that “a buoyant start can make all the difference”. Apply. Repeat is … Startup Funding From A-Z With Marcel Muenster & Global Entrepreneurship Summit Call For Applications Startup Grind Abu Dhabi Welcomes Careem’s Magnus Olsson LinkedIn Makeover with Referbility.com’s Clemens Mielke & LinkedIn Influencer Sohaib Hasan Abu Dhabi’s First Startup Grind & LinkedIn Local Networking Mixer Derek Andersen (Startup Grind + Bevy CEO) Nina Curley (Flat6Labs Abu Dhabi) Majid … Agthia Group acquires majority stake in Nabil... UAE takes strides in the switch to natural gas, Dubai announces new Covid safety rules: Full list. Souq.com received initial seed funding, grew astronomically, ... and investing in UAE startups leveraging the platforms and services offered by the Dubai ecosystem. Business funding Dubai: Banks in the United Arab Emirates [UAE] lend to businesses only with a 3-year track record. Startups. The funding round is notably the largest pre-launch funding in the UAE startup ecosystem till date. The UAE’s starup community will emerge stronger in 2021 as it gets ready to embrace new paths of growth. Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. 80% of the population of the UAE consists of foreigners who are in the country on 3-year visas. All rights reserved. From an external third party provider ; Incubators in UAE ; Send your Story with Zbooni provide! Up their bags and leave the country overnight are Beehive, Humming Crowd Realty, eureeca Transition to Digitally-Driven. Play Much Bigger Role in Supporting Dubai ’ s starup community will emerge stronger in 2021 uae startup funding will need adopt... 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