While the early goals of the region (especially the UAE) may have stressed on wielding influence as a powerful customer base for Western creations, the narrative has, in recent years, shifted to a focus on developing a fashion ecosystem right here.
After launching its SaaS accounting product in 2011, Sahih Business decided to go one step ahead in 2013 with its flagship product Aliphia- the "first" Arabic cloud-based SaaS accounting software for SMEs.
Established in 2009, Alibaba Cloud develops cloud computing and data management platforms, and provides an array of cloud services to Alibaba Group's e-commerce ecosystem, and to third-party businesses.
The UAE Cabinet on Sunday approved a federal law on bankruptcy, a legislation, which the Cabinet hopes, will have a "positive impact on the national economy enabling it to adapt to changes, and support businesses to achieve optimum performance."
Having started operations in early 2016, just few months into its launch, the logistics marketplace has managed to raise an undisclosed amount of seed funding from the region's e-commerce giant Souq.com.
With a ringside seat to the daily struggles and victories of the region's entrepreneurs, Ghanem is perhaps the best person to shed light on factors that stand in the way of the region's startups achieving scale and making it big.