#19 This Week In MENA🚀
Dive into the latest Startup News, Trends & Opportunities shaping the MENA region
Hey MENA entrepreneurs! 🌙✨
Eid Mubarak! As we celebrate Eid al Adha, we're back with another edition of your ultimate guide to the latest in the MENA startup world
Trending This Week:
Weekly Funding Roundup
In The News
Ecosystem Updates
Startups Highlights
Upcoming Programs
Cool Events
Interesting Stuff
Techy Bytes
Let’s dive in!
Weekly Funding Roundup
Shorooq Partners (UAE) invested in Roamless
The Potcast Productions (Egypt/Media) secured follow-up round
i’SUPPLY (Egypt/MedTech) secured $2.5 million
Bima بيمة (Oman/InsurTech) secured a funding round
Sanabil Investments (KSA) invested in Mistral AI Series B
In The News
Dubai, Abu Dhabi, and Sharjah ranked among the top 10 startup hubs in MENA
Polynome Group unveiled a $100M investment to boost UAE’s AI startups
Brookfield targeting $5B for a UAE-backed climate fund
Ruya Partners (UAE) seeking $250M
Aramco raised $11.2B from a secondary share offering
HSBC Bank launched a $1.5B fund to support SMEs in Egypt
ISSF (Jordan) injected $2M into VentureSouq’s fund to boost local startups
17Capital expanded into the GCC
Princeville Capital (backed by Leonardo DiCaprio) to invest $50M in MENA climate tech
Ecosystem Updates
Khalifa Fund and Masdar City empower Emirati entrepreneurs
Five One Labs (Iraq) to launch a new business support program
Winners of the Agriculture Innovation Hackathon in Iraq announced
EdVentures and Mastercard launched an EdTech fellowship in Egypt
AUC Venture Lab (Egypt) celebrated the graduation of 24 female-led tech startups
Nahdet El Mahrousa (Egypt) introduced the Creative Industries' Cohort
Tamkeen (Bahrain) and Startup Genome launched comprehensive startup research
Startup Highlights
Aura (UAE) won the Eureka! GCC 2024 startup competition
Lyvely (UAE) co-founder Farah Zafar won the Mastercard Women SME Leaders Awards
Audiomatic, Socialee, and PaySky won top prizes at Entrepreneurship World Cup in UAE
Silent Power (Bahrain) won 2nd place at Creative Business Cup in Copenhagen
Defendis (Morocco) launched an AI-powered cyber threat intelligence platform
Upcoming Programs & Opportunities
Women Empowerment in Entrepreneurship - Palestine
Start Your Business Bootcamp By VentureX - Jordan
StartMashreq Incubation Track - Jordan, Iraq & Lebanon
EME Incubation Program - Egypt
OST Program - Morocco & Tunisia
Ecobank Fintech Challenge - Africa
Artificial Intelligence to Accelerate Inclusion Challenge - Global
Must Attend Events This Week
DJERBA SLUSH'D - 21 June, Tunisia
FoodHack Meetup - 24 June, Dubai
FINNOVEX Qatar - 25 June, Doha
Dubai AI Campus Demo Day - 26 June, Dubai
Leaders in Fintech Awards - 27 June, Dubai
Interesting Stuff
Digital investment opportunities in Saudi Arabia are booming
PropTech Innovations are transforming Saudi Arabia's real estate
PIF (KSA) is creating a billion-dollar boxing league
Meet the 10 MENA Green Startups Revolutionizing Sustainability
Qatar’s startup ecosystem is driving economic diversification
Dubai businesses are flocking to Morocco
Podcast: The incredible journey of MENA’s e-commerce pioneer Ronaldo Mouchawar
Techy Bytes
Saudi Arabia trials unmanned air taxis for Hajj pilgrims
ServiceNow announced the launch of a UAE Cloud
UAE AI office partners with Samsung to advance AI adoption
OpenAI closed in on $3.4 billion in annualized revenue
AWS announced a $230 million commitment to generative AI startups
in case you missed it! Apple WWDC recap
Meta unveiled new AI tools for WhatsApp Business
Cringy Elon Musk declared war on Apple over ChatGPT integration
That’s a wrap!
Thanks for joining us on this week’s journey through the MENA startup ecosystem
Stay tuned for more opportunities, trends, and insights next week
Until next time,
The Startup3lMashi ستارتب على الماشي Team
Want to say hi or share a cool story? --> contact@startup3lmashi.com