My Startup World Staff

stc Bahrain announce winners of the inspireU accelerator program

stc Bahrain in collaboration with inspireU from stc Group, announced three Bahraini start-ups – Rizq, Siin and Verrt – as proud winners of the inaugural inspireU accelerator program, taking place in Bahrain for the first time.

UAE’s mobility platform Hala enters Egypt with MwaslaTech

Hala, a UAE-based mobility company, plans to enter the Egyptian market by partnering with MwaslaTech, a local provider of smart transport solutions to enhance the travel experience for Egyptian commuters, particularly in emerging cities like the New Administrative Capital.

AMD to acquire Silo AI for $665 million

AMD is all set to acquire Silo AI, the largest private AI lab in Europe, for approximately $665 million to deliver end-to-end AI solutions based on open standards and in strong partnership with the global AI ecosystem.

Understanding the risks of deploying artificial intelligence

The accelerated development and adoption of AI, particularly generative AI models like ChatGPT have brought significant benefits. However, the potential risks associated with these technologies cannot be overlooked. There is a pressing need for businesses

Three Bahraini entrepreneurs qualify for the Entrepreneurship World Cup

The Labour Fund (Tamkeen) concluded the local edition of the Entrepreneurship World Cup 2024, announcing the qualification of 3 Bahraini entrepreneurs: Ahmed Faraj, Founder of Lumofy, Emad AlKooheji Founder of Doobi, and Mansoor AlBuhumaid, Founder of Photon,

Abu Dhabi Fund for Development wins the UN SIDS Partnerships Award

Abu Dhabi Fund for Development (ADFD) became the first institution in the MENA region to receive the United Nation Small Island Developing States Partnerships Award on behalf of the UAE, which claimed first place in the economic category for ADFD’s initiatives

Aura Finance addressing the financing needs of SMEs

Shahrukh Ghazali, co-founder of Aura Finance, talks about their unique SME financing solutions, winning the Fintech Startup Innovator award, overcoming early challenges, and future plans for growth and product development.

CyberME Studio promotes Chinese cybersecurity technology in Saudi Arabia

CyberME Studio, a leading Saudi venture studio, has signed a strategic memorandum of understanding (MoU) with Nova Cyber Ventures (NCV) and Z-ONE Global to bring advanced Chinese cybersecurity technologies to Saudi Arabia and the broader Middle East.

Raya FutureTECH concludes its first accelerator program

Raya FutureTECH, the innovation arm of Raya Holding, successfully concluded its first accelerator program with an inspiring Demo Day at the Edge Innovation Center. The event showcased the remarkable progress of thirteen tech startups, highlighting

Dubai Future Labs and Osaka University to research on Cybernetic Avatars

Dubai Future Labs (DFL) and Osaka University, under the oversight of the Japan Science and Technology Agency (JST), have signed an agreement to collaborate on the research and development (R&D) of new technologies and concepts.

Saudi tops venture capital funding in the MENA region

The “2024-H1 Saudi Arabia Venture Capital Report” revealed that Saudi Arabia maintained its first rank across MENA in terms of Venture Capital funding in the first half of 2024, witnessing a total VC deployment of $412 million (SAR 1.5 billion).

ISSF Jordan invests $5 million in Global Ventures’ Fund III

The Innovative Startups and SMEs Fund (ISSF), Jordan’s largest investment fund of its kind, announced a USD 5 million investment in Global Ventures’ Fund III. A leading venture capital firm focused on growth-stage investments across the Middle East and Africa,

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