IIF: UAE economy to grow faster untill 2024. UAE GDP to grow 2.3% in 2021, 3.0% in 2022, 3.4% in 2023 and 3.5% in 2024.
Google’s AI-focused venture fund leads $5.4M investment for Seattle analytics startup Iteratively.
MediBuddy raises $40 million in Series B funding, while announcing its merger with online doctor consultation startup DocsApp.
InnerHour raises $5.2 million led by Lightbox, it will use this funding to scale its technology-led mental health platform
MPL moves closer to becoming gaming unicorn with $95 million funding, plans to use the new funds to expand its overseas business in 2021.
Vested Finance raised $ 3.6 million in seed funding to facilitate Indian investors’ entry to invest in US markets.
Robinhood raises $1 billion lifeline from investors to meet regulatory requirements
Jessica Alba’s clean-living subscription startup, The Honest Co., confidentially files for a $2 billion IPO.
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CDC issues new mask mandate: Double masks now required for travelers on all U.S. public transportation effective February 1; threatens ‘enforcement through criminal penalties’.
Qualtrics, a survey software startup acquired by SAP for $8 billion, pops 51% on IPO debut; now valued at $27.3 billion.
Today in history: Apple Macintosh becomes the first commercial computer to popularize computer mouse and graphical user interface on Jan. 22, 1984.
Netflix-for-finance-learning startup Finance Unlocked raises $2.39 million for its video learning platform for the finance industry.
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Elon Musk’s SpaceX now wants to drill for natural gas in Texas.
Elon Musk is donating $100 million towards a prize for best carbon capture technology; a key effort to fight climate change.
The Israeli tech industry continued its rapid pace of investment despite the COVID-19 pandemic, reaching $ 9.9 billion in 578 deals in 2020.
These annual figures align with the growth trends observed in previous years, beating 2019 results with 27% in equity and 14% in several deals.
Megadeals in Israeli technology (more than $ 100 million) became commonplace in 2020 and made up nearly a third of the total amount.
However, despite the number of these massive deals, deals did not witness a significant increase in 2020. The rise in capital compared to 2019 was evident in the increase in the average mega deals in dollars.
Central Bank of Israel to buy $30 billion in forex in 2021 to curb shekel rise.
Israeli fintech company Rapyd raises $300m.
Instant COVID-19 breath test as precise as swab test, Scentech Medical Israeli company says, and awaiting FDA approval for test with 98% accuracy.
VComply raises $6 million in Series A from Counterpart Ventures and Accel.
Unacademy became a unicorn, made five acquisitions and raised three rounds of funding – all in 2020.
Tiger Global, others buy $50 million shares in Unacademy in secondary transition.
N+1 Capital’s maiden fund to invest $100 million in startups.
US startups raise their record investment in 2020 for the fourth quarter to $ 156.2 billion.
Seattle biotech startup AltPep raises $23.1M to tackle Alzheimer’s and related diseases.
UAE Covid vaccine: Over 1 million doses administered. The health authorities in the country aim to vaccinate over 50 per cent of its residents in the first quarter of this year.
Israel’s IMCO to participate at IDEX Abu Dhabi, showcase UAVs and other complex defense solutions.
With multi-center clinical trials in Israel, US and UK, Israeli startup OncoHost hopes to launch life-saving test kit in 2021.
An Israeli university that invented a spit test for the coronavirus has rolled it out for regular use by staff and students, in a bid to drive down virus cases on campus.
Israel’s Biond Biologics to get $125 million from Sanofi to develop cancer drug.
Facebook-owned messaging app denies new terms of service will make it less secure: ‘We can’t see your private messages or hear your calls’.
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Spectrum Effect raises $9.5M for machine learning tech that helps mobile operators avoid interference.
Former Zulily execs raise $150M for new firm that buys and supercharges e-commerce businesses.
Mailchimp acquires Chatitive, a B2B messaging startup and Madrona Venture Labs spinout.
Udaan raises $280 mn from new and existing investors, valuing the e-commerce B2B firm at $2.5-2.8 billion.
Israel earmarks NIS 80 million to help early-stage startups by granting of up to 50% of seed funding round.
Jumbotail raises $14.2 million, completing its $25 million fund raise.
More than 2 billion WhatsApp users will have until February 8th to agree to share data with Facebook if they want to continue using the app.
Israel sees trade with UAE at $4 billion a year.
Warburg invests $100 mn in boAt. The funds will be used by the four-year-old company to boost its research and development capability, expand its product portfolio.
Seattle startup Yesler raises $3.3M for its B2B lumber and building materials marketplace.
NextStep, a Seattle startup which uses its technology platform to retrain displaced workers for roles in the healthcare industry, has raised $2.5 million in new funding.
Omnivor raises $2.7M as pandemic spurs interest in holographic media from Nike, T-Mobile, others.
The UAE Central Bank said the economy is expected to grow by 2.5% in 2021.
Disputes mediation platform Immediation has raised $3.75 million in Series A funding, after COVID-19 led to a tech overhaul of the legal system and 1000% growth.
Paul Bassat’s Square Peg Ventures has closed its $600 million fourth fund, bringing its total committed capital to a whopping $1.4 billion for investment into Aussie, and global, startups.
Neo bank startup Oxygen raises $17M Series A funding to offer flexible banking solutions for small businesses.
Sheikh Mohammed Bin Rashid, hails ‘stellar success’ of UAE economy in overcoming challenges of 2020.
UAE businesses see profitability returning to pre-coronavirus levels by 2022. Positive outlook is driven by the UAE’s coronavirus response and business-friendly reforms, says HSBC.
UK partnership will help drive post-pandemic recovery, says UAE Minister of Economy, in healthcare, education, financial services and AI as potential areas for trade development.
Perth-based energy tech startup Gridcogniton has recently closed a $675k pre-seed investment round with some of Australia’s leading tech and clean energy investors…
Chemmannur International is the first Indian company to seek approval for 100% ownership in Emirati projects after changing foreign ownership regulations.
UAE’s Minister of Economy says new foreign ownership rules aim to create 700,000 companies by 2030.
Madrona Venture Group has raised more than $500 million in fresh capital that the 25-year-old Seattle venture capital firm will use to bankroll both early and later-stage startups.
Israeli water tech sees opportunities in the United Arab Emirates.
Indonesian fisherman caught a Chinese underwater spy drone on a possible covert mission.
Tesla delivers nearly 500,000 vehicles in 2020, a 36% increase over the previous year.
Crypto investors open to investing 50% of their savings into cryptocurrencies, a new survey shows.
Elon Musk’s SpaceX to bring Starlink fast satellite internet to Greece by April.
IDEMIA is seeking to pilot the next generation biometric card technology as a reference for contactless payments in India through a partnership agreement with ZWIPE.
M&A deals plunge in Israel as pandemic sidelines foreign investors, and Value of deals drops by 50% to $10 billion.
Pfizer, Amazon and AstraZeneca selected to promote biotech startups in Israel.
Israeli Bazan Group embarks on $3.7 million project to advance hydrogen-fueled vehicles.
Online trading platform eToro reportedly planning IPO at $5b valuation.
The Israeli shipping company Zim reportedly plans to raise up to $500 million at the end of January, at a company valuation of $1.5 billion.
China-based online learning app Zuoyebang announced that it has raised $1.6 billion in a Series E+ funding round, bringing total known investment to date to around $2.9 billion.
The Washington-based Woodinville Corporation raised $ 17 million to expand and develop charging of lithium-ion battery optimization technology.
Seattle-based Bloccelerate raises $12M for first fund to invest in blockchain startups.
NASA receives response from Voyager 1 spacecraft 13 billion miles away after 37 years of inactivity.
Healthtech startup DXY raises $500 million for China’s leading online healthcare platform.
SpaceX’s rival Viasat says SpaceX’s Starlink 3000 satellites pose environmental hazards in space and on Earth; petitioned the FCC to perform environmental review.
Bitcoin is reaching the most extensive record in its history, exceeding the $ 26,500 mark, and the rise continues.
Startups eye new offerings to fuel EV strategy adopted by mobility companies to pursue green vehicle technologies to bring down capital and operating expenditure, and reduce their carbon footprint.
On Friday, food delivery platform Zomato announced the closing of a $660-million primary financing round at a post-money valuation of $3.9 billion.
Alphabet’s Google and Microsoft joined an investment round of more than $100 million in VerSe Innovation Pvt, maker of India’s Josh short-video app.
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More than 50,000 Israelis visited Dubai as economic ties between the UAE and Israel grew rapidly.
Arbe Robotics has revolutionized the ultra-accurate radar system, providing perfect visibility into cars and the system recognizing objects and people at a distance of up to 300 meters.
Content discovery firm Outbrain is seeking to hold an initial public offering of shares on Wall Street at a $2 billion valuation after a merger deal with a competitor Taboola fell through.
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Toyota beats Tesla to become the first company to develop electric car with solid-state battery; plans to unveil game-changing EV prototype in 2021.
UV LED lights kill 99.9% of coronavirus in 30 seconds, Israeli researchers found.
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The first Israeli hospital to provide medical services in Dubai: Al Tadawi Healthcare Group in Dubai has partnered with Sheba Medical Center in Israel to provide a new set of advanced healthcare services.
The two export credit agencies of Israel and the United Arab Emirates signed a cooperation agreement to strengthen economic and trade relations between the two countries, jointly supporting an increase in exports, trade, and investment.
The UAE is hosting an international dialogue that includes Bahrain, Israel, and the United States to support regional energy and promote peace and stability in the region by promoting economic growth in the energy sector and intensifying joint efforts to find solutions to energy challenges.
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Portland startup Koan raised $1 million for the OKR collaboration software platform and acquired Horrible Design Co to help support growth.
Seattle’s Pure Watercraft raises additional $14M to power its plans for electric boat motors.
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The Genesis Prize is awarded to 10 Israeli high-tech companies that help fight COVID-19.
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Israeli researchers at the Weizmann Institute have discovered new peptides that can help eliminate cancer.
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An Israeli study showed that general anti-fat drugs might eliminate the severity of Covid-19, and the fantastic results revealed by the Hebrew University team.
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US-based startup Superpedestrian, raise a record $9.93 billion in 2020.
Israeli tech firms raise record $9.93 billion in 2020 but M&A deals plunge.
الشركات الناشئة

The term “startups” refers to a specific company that is usually in the early stages of its formation or at the start of their operations. The startup usually established by an individual or several individuals who aim to create or develop specific services or products to introduce them to the market.

These startups are always looking for colossal funding and considerable capital to enable them to continue their business because they started initially with limited resources. Consequently, startups are looking for capital investors to convince them to fund the company and invest in it. In short, the startup does not have sufficient capital or financial resources to move to the next stage of its business because its primary financing has limited capabilities by the founders.

A startup is a small enterprise established by a group of individuals to develop innovative products or services under simple financial conditions. Many people consider It as “the realization of dreams” Because the startup is one of the rare places where the dreams of its founders can become a reality, this dream may turn into a reality not only for its founders but for the whole world as well.

As mentioned, the establishment of the startup begins by an individual or group of individuals with self-financing, intending to benefit from the market demand through the innovation or development of products or services that did not exist but are marketable and can get acceptance in the concerned markets.

Startups – growth as a primary goal

The startup aims to grow and develop in its business and innovations since its inception. Although small companies are preparing to remain small forever, the startup company does not want to stay small. Therefore it is looking from the beginning of its establishment on investors and capital to ensure its continuation and access to global markets.

By definition, a startup is a company that has goals for development, expansion, and growth. Therefore it uses innovations and technological methods to achieve this by developing new products and services needed by the market. The aim of establishing any startup is to expand its business and reach the world markets within a short period.

Just as an inventor creates a product to find a solution to a problem facing humanity, so does a successful startup trying to make the world a better place. The startup solves many of the daily issues we encounter, and if the startup does not aim to take this step, it will remain just an unattainable idea on the ground.

Beginning and history of Startups

As mentioned earlier, the startup is a newly established business activity with limited financial capabilities and resources, and it is characterized by rapid growth. It is looking for substantial monetary financing from people in business and investors. The startup aims to find a solution to problems or meet the market requirements by developing and innovating products or services needed by various business sectors.

Most of the startups are working in the field of technology innovation, such as the Internet, e-marketing, the telecommunications sector, and others. These companies do research to know the market needs, identify problems, and find solutions through innovation, design, and development of products and services that contribute to making life more comfortable around us.

The term startups did not appear recently, but it did spread with the launch of the Internet revolution in the late 1990s. Where at that time, a large number of businesses and companies were established via the Internet, and the e-commerce giant “Amazon” is the best proof of that. The emergence of the Internet during that period and with this rapid spread so-called the “Internet bubble” or “information technology bubble.” Perhaps the reason for this name is the emergence of a massive number of new companies that do business on the Internet only.

This Internet revolution led at that time to a boom in global stock exchanges, and their prices rose to unprecedented records. This event prompted many investors to place their money in these new companies, which later became global companies and listed their shares for public subscription and became publicly owned companies over time.

The first startup in the world

It may be challenging to say that startups began with the Internet era at the end of the last century because it seems that new companies did appear after the Great Depression in the 1930s or even much earlier. But the emergence of the Internet bubble shed light clearly on these companies and gave them global popularity during record periods.

There is no doubt that the first startups to emerge after the Internet era was found in Silicon Valley in the United States of America. IBM, for example, first appeared at the beginning of the last century, specifically in 1911. Still, at the end of the nineties, it had grown to become one of the largest computer and software companies in the world thanks to the massive spread of the Internet. It may not be the first startup, but it is one of the first companies that Silicon Valley was built on, which later became home to the world’s most famous startups.

Alphabet Inc., owner of the popular search engine, Google, maybe the best example of the startups that emerged in Silicon Valley after the Internet revolution. The Google search site was found in 1997, and its emergence has created market importance for companies looking to increase their reach and popularity. Google is a real and successful example of a startup because it started with an idea and developed into what it is today.

So, the Internet age may not be the beginning of the emergence of startups, but it is certainly the reason for the spread of this term and its popularity all over the world.

Startups in the world today

The emergence of startups is no longer the preserve of Silicon Valley in the United States. But it became a global phenomenon that spread to most countries of the world and met with great interest, whether at the level of states and governments or the group of investors of all levels. Today’s startup growth centers have reached major global cities such as Tel Aviv, Stockholm, Berlin, London, Beijing, Tokyo, Helsinki, and others.

The importance of the startups and how they support the economy

Startup companies may be small at the beginning of their business. Still, they indeed lead to essential changes in the way of life on the ground, and they also have a significant impact on creating a better economy for every country that has supported the work of these companies since their establishment. The startup is forcing the economy in it to develop by adopting new technology and applying it in several sectors.

Startups – Technological innovations

A startup is always more flexible and more able to innovate new ideas, products, and services through which it reaches the local and global consumer, and it also motivates other startups to make faster decisions to develop their business to achieve success.

Therefore, the startup is always looking for government funding or investor funding so that it can move forward with more technological innovations that contribute to solving daily human problems.

Startups – New markets

The ambitious startup is working to reach new global markets or working to support local needs by bringing more investments into the local economy. The technologies and innovations provided by the startup inspire competitors to introduce new products and services. Therefore the economy is working to develop its infrastructure to keep pace with these rapid developments.

Startups – Job opportunities

As we mentioned, startups are high growth companies and thus create jobs that lead to prosperity in the private sector for businesses. This leads to lower unemployment rates and also to higher GDP per capita, with the access of this startup to global markets.

Startups also attract a large segment of university graduates and experienced professionals who are looking for sustainable and high-income employment opportunities.

Reaching the wealth

When investors tend to bet their money on startups, they will benefit from the success of these companies’ businesses, and they will share the profits with them; also, by supporting startups through investors, whether individuals or governments, new revenues will be created in the local economy.

Startups, through their competition based on creativity and innovation, have become crucial factors in moving the wheel of the economy. And governments are working to encourage programs focused on entrepreneurship by removing bureaucratic obstacles and facilitating communications between startups and between investors and significant capital. Startups have become one of the most driving forces of the economy, and they should be supported to improve innovation to make the world a better place.

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