Careem, Fetchr emerge as ‘most promising’ UAE Startups

Forbes Middle East, for the second consecutive year, has unveiled the U.A.E.'s most promising startup and awarded the top entrepreneurs who have achieved remarkable success by developing their ideas into successful businesses.

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Careem founders Mudassir Sheikha, Magnus Olsson, Abdullah Elyas and Founder Mona Ataya

Forbes Middle East, for the second consecutive year, has unveiled the U.A.E.’s most promising startup and awarded the top entrepreneurs who have achieved remarkable success by developing their ideas into successful businesses.

The event also held a brief panel discussion amongst startups to discuss entrepreneurship and the challenges faced by businesses today.

The 100 entrepreneurs were broadly categorized into the most promising startups and the startups to watch out for. Startups from consumer services sector dominated the lists, followed by businesses from ecommerce, financial services and the insurance sector.

“We are very positive for the exciting times ahead. With the country’s vision and several government initiatives on innovation, the U.A.E. is amongst the leaders in accepting innovative ideas and support entrepreneurship.” said Khuloud Al Omian, Editor-in-Chief of Forbes Middle East.

Venture capitalists clearly still believe in the potential ideas of entrepreneurs and are providing the necessary funding to scale up their businesses.

Top venture capitalists, corporate venture arms and angel investors from the region have provided around $175 million of funding to these businesses. More info

By Staff  www.emirates247.com

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