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Canadian University Dubai students wins AED 10,000

A team of students from Canadian University Dubai (CUD) has won AED 10,000 through an incubation grant for an innovation that aims to protect public toilet users from harmful bacteria. The award was sponsored by Bin Owais Holdings and presented to the winning team

PwC Academy, Women Choice launch accelerator program for Saudi women

Women Choice and PwC Academy Middle East proudly launched an innovative accelerator program specifically designed for mid-career Saudi women. The program kicked off with a successful pilot event last month in Riyadh, marking the beginning of a series of workshops

Merit secures $12 million in pre-series B funding round

Merit has reported oversubscription in its latest funding round, drawing $12 million against a goal of $5 million in its pre-Series B effort led by Alistithmar Capital i-Cap and followed by existing Series A investors, Tech Invest Com and Hambro Perks Oryx Fund.

Adaverse announces strategic investment in Sorbet

Adaverse, the premier venture fund and accelerator in Asia, the Middle East, and Africa, is pleased to announce a strategic investment in Sorbet, a cutting-edge Web3 platform designed to redefine the future of work across the MENA region.

THA and QFC to launch$50mln Digital Assets Venture Studio in Qatar

The Hashgraph Association (THA), the Swiss-based organization at the forefront of global digital enablement, has announced the signing of a strategic partnership with the Qatar Financial Centre to launch a Digital Assets Venture Studio, a platform to support local Qatari

Saudi Venture Capital invests $30M General Atlantic’s private equity fund

Saudi Venture Capital (SVC) announced an investment of $30M in a private equity fund managed by General Atlantic, a leading global growth equity investor. The fund will focus on investing in high-growth, tech-enabled companies across five core sectors:

RAKEZ launches Growth Series to empower startups and SMEs

Ras Al Khaimah Economic Zone (RAKEZ) successfully launched the 2024 edition of its acclaimed Growth Series, which aims to foster the development of startups and SMEs within its vibrant business community.

Nominations open for the fourth edition of Tally Solutions MSME Honours

Tally Solutions opens nominations for their fourth edition of MSME Honours. The flagship annual property, MSME Honours aims to acknowledge budding businesses and entrepreneurs who have made remarkable contributions in the MSME ecosystem across geographies.

Palestinian entrepreneur wins the Kuwaiti technology innovators award

Mohammed Kilany is a distinguished Palestinian entrepreneur who has founded six startups, two of which have seen notable success. Kilany currently serves as the CEO of Fanera, the first AI-supported social network for football fans, which has successfully hosted over 500,000 active users

IFC invests $150 million to support Africa’s small and mid-cap companies

IFC announced a $150 million investment in four projects supporting Africa’s small businesses and mid-cap companies. The investments included: An advisory program with Egypt’s Universal Healthcare Insurance Authority (UHIA) to develop a contractual framework between the government, healthcare services providers, and local insurance industry stakeholders to expand universal healthcare c...

Etihad Airways, ADBWC to support 25,000 women-owned SMEs

Etihad Airways has teamed up with the Abu Dhabi Businesswomen Council (ADBWC) to support the 25,000 women-owned small and medium-sized enterprises operating in the capital. Etihad will consider members of the organisation preferred suppliers

400k Linux servers compromised for cryptocurrency theft and financial gains

ESET Research released today its deep-dive investigation into one of the most advanced server-side malware campaigns, which is still growing and has seen hundreds of thousands of compromised servers in its at least 15-year-long operation.

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