Hub71 has collaborated with two leading banks in the UAE – Mashreq Bank and First Abu Dhabi Bank – to help identify and solve the pain points faced by startups and launched a whitepaper titled: Rethinking Banking for Startups.
Dubai International Financial Centre (DIFC) has announced that it has invested in four FinTech start-up companies.
Mastercard has signed a Memorandum of Understanding (MoU) with Hub71 – a tech ecosystem based in Abu Dhabi Global Market Square that incubates global fintech startups and technology companies.
Kaspersky has announced the second edition of its Open Innovation Program, which is designed to foster collaboration with innovative tech startups.
The UAE Space Agency has announced its collaboration with Abu Dhabi-based Krypto Labs, to launch the UAE NewSpace Innovation Programme.
Egypt, represented by the Information Technology Industry Development Agency (ITIDA) and ITFEDCOC, is officially participating with a country-pavilion in the Consumer Electronics Show (CES 2020).
Saudi Arabia’s Misk Foundation has signed a Memorandum of Understanding (MoU) with Hub71, Abu Dhabi’s global tech ecosystem, that outlined steps towards creating a more dynamic market for startups between the Kingdom and the UAE.
The Information Technology Industry Development Agency (ITIDA) has collaborated with RiseUp, to launch ‘African App Launchpad Cup’ – the first pitch competition in Africa.
The Saudi Technology Ventures report highlighted that venture capital (VC) investments in Saudi Arabia are growing rapidly, and yearly invested capital has the potential to expand tenfold to $500 million in 2025.
With a total of $250 million (AED 918 million), the Mubadala MENA tech funds will capitalise on the growing startup scene in the region while empowering tech talent in the Emirates and across the wider region.