The Finance World Magazine| Edition: March 2023
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil. In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups. Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector. Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil.
In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups.
Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector.
Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
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Startup News<br />
Zurich Innovation Championship Paves the Way<br />
for UAE’s Startup Hub Dream<br />
Zurich Innovation Championship<br />
has brought UAE one step<br />
closer to its goal of becoming<br />
the leading startup hub in the<br />
region. <strong>The</strong> championship saw participation<br />
from over 1,000 startups<br />
across 20 countries, with 10 startups<br />
from the UAE making it to the final<br />
round. <strong>The</strong> startups showcased their<br />
innovative solutions in areas such as<br />
healthcare, mobility, and sustainability.<br />
<strong>The</strong> competition offered the opportunity<br />
for UAE’s startups to gain global<br />
recognition and connect with potential<br />
investors, partners, and customers. With<br />
initiatives like the Zurich Innovation<br />
Championship, the UAE government<br />
aims to establish the country as a hub<br />
for startups, fostering innovation, and<br />
contributing to the economic growth<br />
of the region.<br />
IMPACT46 launches<br />
$133M Fund<br />
IMPACT46, a new venture capital<br />
firm, has announced the launch of<br />
its first fund worth $133M. <strong>The</strong> firm<br />
aims to invest in early-stage startups<br />
that are focused on building solutions for<br />
some of the world’s biggest challenges,<br />
such as climate change, healthcare, and<br />
social justice. IMPACT46 was founded by<br />
experienced investors who have previously<br />
invested in some of the most successful<br />
startups in the world, including Airbnb,<br />
Dropbox, and Uber. <strong>The</strong> firm aims to<br />
not only provide financial support but<br />
also to mentor and provide resources to<br />
help their portfolio companies grow and<br />
succeed. With this new fund, IMPACT46<br />
hopes to make a positive impact on the<br />
world while also generating significant<br />
returns for their investors.<br />
Aion Digital Secures $5M<br />
in a Bridge Round<br />
KSA’s Carefer Raises $2.9M Pre-Series A<br />
Riyadh-based startup Carefer has<br />
raised $2.9M in a Pre-Series A<br />
funding round, which was led<br />
by Middle East Venture Partners<br />
(MEVP) and joined by Watar Partners, 500<br />
Startups, and Nazer Group, among others.<br />
Carefer provides an online marketplace<br />
for car buyers and sellers in the Kingdom<br />
of Saudi Arabia (KSA), enabling them<br />
to compare prices, specs, and features<br />
of different car models, and connect<br />
with verified dealers. <strong>The</strong> funds raised<br />
will be used to expand the platform’s<br />
services, including the launch of a new<br />
product that allows customers to test drive<br />
cars at home, and to enhance customer<br />
experience and support.<br />
Aion Digital, a fintech startup<br />
in Bahrain, specializing in<br />
blockchain-based solutions,<br />
has announced the successful<br />
closing of a $5M Bridge funding round.<br />
<strong>The</strong> company aims to leverage the<br />
funding to expand its product offerings<br />
and accelerate its growth trajectory.<br />
Aion Digital’s proprietary technology<br />
provides secure, efficient and low-cost<br />
financial solutions using blockchain,<br />
artificial intelligence and other cutting-edge<br />
technologies. <strong>The</strong> Bridge<br />
round was led by several reputable<br />
investors, including Nogle Capital, R3<br />
Capital and a number of angel investors.<br />
<strong>The</strong> fresh funds will enable Aion Digital<br />
to further its mission of revolutionizing<br />
the global financial ecosystem by<br />
creating innovative solutions that are<br />
accessible to everyone.<br />
38 www.thefinanceworld.com <strong>March</strong> <strong>2023</strong>