As Mideast looks past oil, spotlight shines on entrepreneurs
April 21, 2017
DUBAI, United Arab Emirates (AP) — A mobile app to track school buses, Arabic cooking videos on YouTube and even a portable bidet are finding support from governments in the Gulf as a slide in oil prices forces states to cull cushy public sector jobs and look to entrepreneurs to plug the gap.
Recent $1 billion valuations of local start-ups Careem, a ride-hailing app, and retailer Souq.com, which was acquired by Amazon in March, have raised interest in the region's budding entrepreneurship scene. Both companies are headquartered in Dubai, an emirate with futuristic skyscrapers that is work...