Author: Arabian Media staff

In the business world, a “unicorn” refers to a privately held startup company valued at over $1 billion. The term was coined by venture capitalist Aileen Lee in 2013 to signify the rarity of such successful startups, much like the mythical unicorn. These companies are often characterised by rapid growth, innovative technology, and the potential to disrupt traditional industries. Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Consumers have been warned to remain on the lookout for so-called cloning scams after a UK investment trade body found fraudsters took £2.7mn from members’ customers through the practice in the second half of 2024.Criminals perpetrating the scams create a nearly identical duplicate of a legitimate company’s website, email or a fake WhatsApp group to persuade consumers to send them payments.Such frauds were “topping the list of threats” facing consumers who wanted to invest, a report by the Investment Association found. The…

The US president wants to say he saved Tinseltown — which may give the studios leverage Source link

In the first half of the year, DMCC recorded 1,023 new member company registrations to take its total to almost 25,000 companies across its business district. As it registers significant growth in commodity markets, finance and technology it will look to real estate and AI for ongoing expansion. DMCC free zone growth in Dubai   DMCC now accounts for 15 per cent of all foreign direct investment (FDI) in Dubai, up from 11 per cent last year, as well as 7 per cent of the emirate’s GDP. As part of its efforts to attract the next wave of global investment…

Dubai-based E Daddy, a startup operating in the sustainable urban mobility segment, announced securing a $15 million investment. The investment will help the company to lead the charge in electrifying the UAE and beyond, the company said. Mansoor Ali Khan Abdul Buhari, Founder and CEO of E Daddy, said the company is committed to championing the development of eco-friendly automobiles, and is proud to be the first company to manufacture vehicles end-to-end in Dubai. Yasmeen Jawahar Ali, Co-Founder and COO of E Daddy, said with the investment of $15 million, the company’s vision of building a future where transportation is…

PostEx, one of Pakistan’s leading fintech, announced raising $7.3 million in a pre-Series A funding round. The company said the proceeds will be used for consolidating its market leadership in Pakistan, besides supporting an aggressive expansion into the GCC. The GCC expansion will enable new markets and customers access to PostEx’s services, the company said. The latest funding was led by Conjunction Capital, the technology-focused, global venture capital firm. Other participants included new investors such as Dash Ventures and Sanabil500, besides existing investors VSQ, FJ Labs, and Zayn VC. CEO and Founder Muhammad Omer Khan said while the GCC and…

The event, which brought together a diverse group of business owners, entrepreneurs, and industry professionals, provided a unique platform for attendees to explore emerging market opportunities, foster business collaborations, and gain valuable insights from the UAE’s leading market players. Saif Alsuwaidi, Director of SPC Free Zone, in his opening remarks emphasised the importance of creating spaces where entrepreneurs can engage, learn, and grow together. “In today’s rapidly evolving market, understanding the strategies that drive sustainable growth is more important than ever,” he said. William Saad, General Manager of Alaan, said sustainable business growth requires a strategic blend of cost management…

The Authority of Social Contribution – Ma’an announced its latest social incubator programme in partnership with startAD, the startup accelerator powered by Tamkeen and anchored at NYU Abu Dhabi. The latest edition will be themed ‘Entrepreneurship for Social Impact’. The Ma’an social incubator is designed to support the development of a vibrant network of social enterprises that drive social innovation, bring best practices to solve Abu Dhabi’s social challenges, and empower startups to develop solutions or services. Applications for this cohort are open till September 10, 2024. Startups can apply for the programme if their business is aimed at addressing…

Lifology, a Kerala-based startup offering career management, announced a partnership with British Nobel laureate Sir Richard J. Roberts. Roberts will be associated with the startup for charting out the framework for the venture’s future curriculum that aims to provide scientific and comprehensive career guidance to all. A biochemist and molecular biologist, Roberts was awarded the Nobel Prize in Physiology or Medicine in 1993 along with Phillip Allen Sharp for the discovery of introns in eukaryotic DNA and the mechanism of gene-splicing. Roberts, who is known for his pioneering work in genetics and medicine, will contribute his deep understanding of human…

Wasting no time is a stable of the Al Maimani School of Management: “The secret is time management. I delegate. I no longer attend meetings that do not provide any value to me or the client. I also use concentrated work hours. Everyone at Abdul Wahab Office works from 9 AM to 3 PM. I do not attend many physical meetings. They are a waste of time. Most things can be done online. What would take an hour to discuss in person would take just 20 minutes online. No more, no less.” Al Maimani sure knows how to master his…