These are exciting times for startups in the Middle East as venture capital firms and tech investors are increasingly seeking out novel ideas that can be turned into reality. To coincide with World Creativity and Innovation Day on April 21, Arab News has compiled a definitive list of the top 15 startups in the region. From the UAE to Egypt to Saudi Arabia, a new business
RIYADH: Venture capital fund 500 Global has brought its prolific funding pace to Saudi Arabia and is looking for the next tech unicorn a startup valued at over $1 billion. The San Francisco-based firm, co-founded by CEO Christine Tsai, has cast its net wide, funding more than 2,600 startups in at least 75 countries since it was founded in 2010. It has $2.3 billion in assets
RIYADH: Entrepreneur Awsim Asmi has started a business that sets out to ease the logistical headache of sending a product thousands of miles from a small online retailer to a customer’s doorstep. The CEO of the Riyadh-based platform Nitros saw the firm spring out of the COVID-19 pandemic, which saw significant changes in shopping behavior from consumers stuck under lockdown