- The number of new start-ups registering their businesses in Abu Dhabi has more than doubled in the last year, The National's Charlie Hamilton reports. A decision to scrap the Dh150,000 ($40,000) minimum capital requirements is being credited for much of the spike, although surely being a fast growing economy in a world of painful stagnation helped. Lifting bureaucratic barriers to entrepreneurship is always a good thing, but it's not as if anyone should even dream of trying to do business in Abu Dhabi - even selling sodas on the side of the road - without $40,000 in the bank.
- The Lebanese tech angel fund / incubator, Berytech, has announced a new $100,000 prize for great regional entrepreneurs. They are looking for a good idea(s), and will fund up to the full 100K for the winner. For more info see their site, or this post at Startup Arabia.
Panipat
Director Ashutosh Gowariker
Produced Ashutosh Gowariker, Rohit Shelatkar, Reliance Entertainment
Cast Arjun Kapoor, Sanjay Dutt, Kriti Sanon, Mohnish Behl, Padmini Kolhapure, Zeenat Aman
Rating 3 /5 stars
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RESULT
Bayern Munich 3 Chelsea 2
Bayern: Rafinha (6'), Muller (12', 27')
Chelsea: Alonso (45' 3), Batshuayi (85')
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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5
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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Company profile
Name: Thndr
Started: October 2020
Founders: Ahmad Hammouda and Seif Amr
Based: Cairo, Egypt
Sector: FinTech
Initial investment: pre-seed of $800,000
Funding stage: series A; $20 million
Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC, Rabacap and MSA Capital
Company Profile
Company name: Yeepeey
Started: Soft launch in November, 2020
Founders: Sagar Chandiramani, Jatin Sharma and Monish Chandiramani
Based: Dubai
Industry: E-grocery
Initial investment: $150,000
Future plan: Raise $1.5m and enter Saudi Arabia next year
