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Hub71 leads AED1.5 billion funding for Abu Dhabi startups

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, on Wednesday announced that its startup community ramped up approximately AED 1.5 billion of investments since inception and secured AED 30 million in 2021 through over 20 corporate deals during the year. The aggregate valuation of Hub71 startups soared to AED 5.87 billion, with close to 1,000 jobs created ...

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‘Dubai Can’ campaign achieves far-reaching results

  DUBAI / WAM ‘Dubai Can’, the citywide sustainability movement launched by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, in February 2022, has generated significant results in line with World Water Day. One month since the launch of the campaign on February 15, the initiative has resulted in ...

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Shuaa Capital launches $250m venture debt fund

  DUBAI / WAM Shuaa Capital, a leading asset management and investment banking platform, on Wednesday announced the launch of Shuaa Venture Partners, a $250 million Shari’ah fund, focused on venture debt investments. The fund is the largest venture debt fund in the GCC and has been established to support the growth of regional technology and technology-enabled leaders that are ...

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