My Startup World Staff
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.
Majority of workers trust robots more than their managers
A recent work study conducted by Oracle and Future Workplace, has revealed that people have more trust in robots than their managers. The study of 8,370 employees, managers and HR leaders across 10 countries, found that AI has changed the relationship between people and technology at work
VC investments in Saudi Arabia to reach $500m annually by 2025
Saudi Technology Ventures (STV), the largest venture capital fund in the Middle East unveiled today its “STV Insight Report: How can Saudi Arabia grow their Venture Capital industry by 2025?”. The Report outlines the current VC investment landscape in Saudi Arabia
Saudi Arabian launches business accelerator for electronic games
Ministry of Communications and Information Technology (MCIT) signed a MoU with the General Entertainment Authority (GEA), on the sidelines of the entertainment industry conference held in Riyadh to launch a business accelerator to support the development of electronic games locally
Etisalat Digital & SonicWall delivers network security to SMBs
SonicWall today announced that Etisalat Digital has productized SonicWall technology in its ‘Business QuickStart (BQS)’ broadband bundle for SMBs, offering telco-grade network security with a zero-touch installation feature in UAE and other regions supported by the Etisalat Group.