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Startups in the MENA region are experiencing a surge in funding, particularly in fintech, cybersecurity, and AI. Notable investments include CQR's $3 million for AI-driven cybersecurity solutions, Flow48's $69 million for SME financing, and Fawry's $1.6 million in three Egyptian fintech firms. The region's economic growth is further supported by initiatives like Al Madinah Angels and Disrupt.com's $100 million commitment to AI-first startups.
Web Summit Qatar 2025 attracted over 25,700 attendees, significantly surpassing last year's numbers, and featured 723 investors and 1,520 startups, with a notable increase in women-founded companies. The event saw the signing of 56 MoUs and the issuance of 156 operating licenses, highlighting Qatar's growing role in the global tech landscape. Key innovations included AI-driven travel tools from Qatar Airways and the launch of the MENA region's first AR academy in collaboration with Snap Inc.
QNB Group has signed three strategic MoUs at Web Summit Qatar 2025 to enhance fintech innovation and digital transformation in Qatar. Collaborations with Qatar Financial Centre, Qatar Development Bank, and Rasmal Ventures aim to boost fintech adoption, investment, and support for startups, reinforcing Qatar's position as a global fintech hub. CEO Abdulla Mubarak Al-Khalifa emphasized the importance of these partnerships in advancing digital finance and fostering a thriving entrepreneurial ecosystem.
Yuno has partnered with Snoonu to enhance the payment infrastructure in Qatar, focusing on innovation, security, and efficiency in digital transactions. This collaboration will integrate Yuno's payment orchestration technology into Snoonu's super app, improving transaction approval rates and payment security. The partnership aligns with Yuno's strategy to support the digital economy in the Middle East, following the establishment of its regional headquarters in Qatar.
Yuno and Snoonu have formed a strategic partnership to enhance digital payment solutions in Qatar, signing a Memorandum of Understanding at Web Summit Qatar 2025. This collaboration will integrate Yuno’s payment orchestration technology into Snoonu’s platform, improving payment efficiency, security, and user experience while supporting Qatar’s fintech growth. The partnership aligns with Qatar’s National Vision 2030, aiming to advance digital commerce in the region.
Snap Inc. has partnered with Qatar’s Government Communications Office to launch the MENA region's first Augmented Reality Academy at Web Summit Qatar 2025. This initiative aims to enhance digital innovation and align with Qatar’s Vision 2030 by equipping developers with advanced AR skills, fostering a thriving creator ecosystem in the region. With over 85% of daily Snapchat users in MENA engaging with AR, the academy is set to unlock new opportunities and position Qatar as a leader in immersive technology.
The GCC real estate sector experienced a remarkable surge in 2024, with transactions exceeding $383 billion, marking a 25% annual increase. Dubai dominated the market, accounting for 54% of transactions, while Saudi Arabia followed with $75.7 billion. Population growth, particularly among expatriates, is driving demand, with urban populations expected to rise significantly by 2030.
Dubai is emerging as a global hub for family offices, driven by high-net-worth individuals seeking Sharia-compliant investments and access to international markets. The Dubai International Financial Centre (DIFC) has seen a 25% increase in registered businesses, with a strong focus on fintech and alternative investments. As family offices diversify their portfolios, they are increasingly investing in local startups and sectors aligned with their core businesses, contributing to Dubai's economic growth and innovation.
Qatar has positioned itself as a global startup hub, highlighted by the Web Summit 2025, which attracted over 25,000 attendees from 124 countries. The event featured 1,520 startups, 723 investors, and 381 speakers, with a notable 47% of startups founded by women. Qatar's Prime Minister emphasized the nation's economic shift towards private sector growth, particularly in fintech and climate technologies.
Media City Qatar has partnered with Huawei to create a smart media campus, integrating AI, cloud, and advanced storage solutions to enhance the nation's media industry. Announced at Web Summit Qatar 2025, this initiative aims to position Qatar as a global media hub, attracting international enterprises and fostering innovation aligned with Qatar’s National Vision 2030. The collaboration will provide cutting-edge resources for media companies and startups, reinforcing Qatar's commitment to technological advancement and economic diversification.
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mena startups attract record funding in fintech and technology sectors
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