Startup Minute News episode #14

Great demand from investors and entrepreneurs for long-term visas in UAE ; Saudi Arabia approves a Green Card-style system to issue residence permits for highly-skilled and wealthy foreign nationals ; Discover Egypt’s first fashion incubator program tailored to Egyptian fashion entrepreneurs' needs ; Cairo-based fintech startup XPay raises $250,000 pre-seed to enable universities, residential compounds and other communities go cashless ; Dubai-based Majid Al Futtaim has acquired Wadi.com the Saudi online grocery delivery platform ; Dubai’s The Luxury Closet closes its growth round with $11 million, acquires Hong Kong-based Guiltless ; Careem, the Dubai ride-hailing platform that was bought by Uber for $3.1 billion, plans to revolutionize mass transportation across Saudi Arabia with the launch of a bus service from Jeddah to Makkah, following the success of Careem Bus in Egypt last December ; Netflix takes on ‘Project Runway’ with new competition series Next in Fashion ; Spotify is test driving a car hardware thing called ‘Car Thing’ .

Watch the full episode and join the conversation at startupminute.co.