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Music streaming service Anghami to set up global headquarters in Abu Dhabi's Hub71

“We are committed to providing support for technology companies, recognising that progress in this area unlocks opportunities across other sectors by bringing the fundamental capabilities and infrastructure that all industries will benefit from. We welcome big thinkers aligned with Abu Dhabi’s vision to advance innovation.”
Dubai investment banking firm Shuaa Capital invested an undisclosed amount as part of a new funding round in Anghami earlier this month.
The music streaming app, which started with an investment of $200,000 from its two founders in 2012, has raised more than $40 million from investors including venture capital firm Middle East Venture Partners and Samena Capital. It has a catalogue comprising more than 50 million songs and has offices in Beirut, Dubai, Cairo and Riyadh. ....

Al Qahirah , United Arab Emirates , Abu Dhabi , Abuz Aby , Saudi Arabia , Ar Riya , Saudi Arabian , Eddy Maroun , Abu Dhabi Investment Office Innovation Programme , Abu Dhabi Investment Office , Innovation Programme , Bin Hendi , Shuaa Capital , Middle East Venture Partners , Prince Al Waleed , ஒன்றுபட்டது அரபு அமீரகங்கள் , சவுதி அரேபியா , ஆர் ரியா , சவுதி அரேபியன் , எடி மறௌன் , கண்டுபிடிப்பு ப்ரோக்ராம் , பின் ஹேந்தீ , நடுத்தர கிழக்கு துணிகர கூட்டாளர்கள் , ப்ரிந்ஸ் அல் வாலீட் ,

UAE tech start-up Zbooni raises $5m to fund expansion

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Zbooni, a technology start-up in the UAE that enables small and medium-sized enterprises to process payments and grow their online presence, raised $5 million in a Series A funding round to fuel its expansion across the region.
The fundraising, which was led by an undisclosed London-based fund, will help the start-up to expand its team across the UAE, Saudi Arabia and Jordan, the company said in a statement on Tuesday.
The latest investment will be channelled to develop better products for its clients using new technology.
“Zbooni is on a mission to help provide access to digital commerce tools, ultimately supporting our merchants to start, run and grow their business,” the company’s chief executive and co-founder Ramy Assaf said. ....

Saudi Arabia , City Of , United Kingdom , Ramy Assaf , Chalhoub Group , Middle East Venture Partners , Facebook Messenger , சவுதி அரேபியா , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , ராமி ஸப் , சல்ஹூப் குழு , நடுத்தர கிழக்கு துணிகர கூட்டாளர்கள் , முகநூல் தூதர் ,

Zbooni raises $5 million in Series A

Zbooni raises $5 million in Series A
UAE-based e-commerce enabler Zbooni, has raised a $5 million Series A funding round led by an undisclosed London-based fund.
Founded in 2017, Zbooni enables small merchants to easily start, run and grow their businesses online, providing them with a range of business-focused services, such as mobile invoicing and payment solutions, digital storefronts in its marketplace, data insights, automated sales tracking and invoicing. It initially started out as a chat commerce venture enabling payments via WhatsApp before launching its new e-commerce enablement services, signaling the growing demand for online selling.
Zbooni said that it had recorded a rapid acceleration in 2020, including 600 per cent in customer growth. It currently supports thousands of merchants, processing tens of millions of dirhams every month and has enabled its merchants to serve more than 150,000 customers. ....

Saudi Arabia , City Of , United Kingdom , Ramy Assaf , Chalhoub Group , Middle East Venture Partners , சவுதி அரேபியா , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , ராமி ஸப் , சல்ஹூப் குழு , நடுத்தர கிழக்கு துணிகர கூட்டாளர்கள் ,

Digital assets exchange CoinMena secures licence from Central Bank of Bahrain

The exchange is Sharia-compliant, having been certified by the Shariah Review Bureau, the company said.
It will offer the deposit, trade and withdrawal of digital assets in a users local currency and on launch will offer trading in five major cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) and Bitcoin Cash (BCH). It will be open to users in Bahrain, Kuwait, Oman, Saudi Arabia and the UAE.
It will also provide over-the-counter services for clients looking to carry out large transactions, the company said.
As CoinMENA grows, we will be providing access to additional digital assets and expanding the jurisdictions we operate in, with the view of becoming one of the leading digital assets exchanges on a global scale.” ....

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UAE schools to test futuristic solutions by start-ups

Dubai: Dubai plans to pilot 11 futuristic projects at hundreds of schools after start-ups pitched their ideas, such as a private artificial intelligence (AI) maths tutor and a child-friendly social media network, to officials and investors recently.
The plans come in line with Dubai Future Foundation’s (DFF) Dubai Future Accelerators (DFA) initiative a flagship programme to position Dubai as a hub for innovation, emerging technologies and an attractive destination for start-ups and entrepreneurs.
DFF recently hosted an ‘Investor Day’ in collaboration with Knowledge and Human Development Authority (KHDA), the regulatory authority for private education in Dubai. The event witnessed seven education-technology start-ups pitch their innovative solutions for the future of education to an expert panel of investors that could potentially fund them to grow and scale further. ....

United Arab Emirates , Roland Berger , Abdulaziz Al Jaziri , Gobubble School , Dubai Future Foundation , Gemini Enterprises Africa , Human Development Authority , Education Technologies , Image Credit , Dubai Future Accelerators , Investor Day , Shorooq Partners , Middle East Venture Partners , Iliad Partners , Dubai Angel Investors , Bahrain Chapter , Ripples Impact , Bubble School , ஒன்றுபட்டது அரபு அமீரகங்கள் , ரோலண்ட் பெர்கர் , அப்துலஜிஸ் அல் ஜசிரி , துபாய் எதிர்கால அடித்தளம் , மனிதன் வளர்ச்சி அதிகாரம் , கல்வி தொழில்நுட்பங்கள் , படம் கடன் , முதலீட்டாளர் நாள் ,