Avani Eco Middle East Receives a Government Guarantee of AED 2.5 million from MBRIF
MBRIF’s Guarantee Scheme to support Avani Eco Middle East in its quest to boost the UAE’s manufacturing and further R&D. Avani Eco aims to remove the scourge of discarded plastics by introducing a full range of sustainable food packaging and hospitality products.
UAE’s first paperless Direct Debit Marketplace launches today
The UAE-based FinTech company, Direct Debit System, launches all-in-one platform, Direct Debit Marketplace, facilitating recurring payments such as school fees, rent and subscription services. The platform offers merchants fixed transaction fee for credit cards & current accounts, significantly reducing traditional transaction costs. Direct Debit System is a success story of the Mohammed bin Rashid Innovation
Rizek is your first local super app to provide home cleaning, COVID – 19PCR test, beauty, maintenance, and automotive services at home. +12.8 Mll. AED funding raised Added various services including PCR testing +10,000app users
Pure Harvest is a technology-enabled agribusiness focused on the year-round production of premium quality fresh fruits and vegetables while preserving water. Created over 80 new jobs in the UAE and region Completed Series A Funding and to date total funding raised amounts to over USD 153M Commissioning of the first high-tech greenhouse on a commercial
Farmin is an Emirati-based tech company that was born after winning the Geotech Innovation Program. Farmin utilizes the power of AI and Remote Sensing to deliver value-based solutions. Created6 new jobs Over AED 1.1 million in secured projects Partnerships with international satellite imagery providers Developed an in-house Super Resolution AI Clients include Mohamed Bin Rashid
Pure Harvest has received $ 20.6 million Series A financing and a commitment of $100 million from Wafra, Kuwait’s national investment company. It will allow them to continue the development of controlled-environment agricultural facilities and achieve industrial economies of scale.
Smart Labour aims to drive personal development and improve the quality of life for blue collar workers through their mobile app, which has the potential to positively impact a high number of workers within the UAE.