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😮 New Tax in Dubai?
Issue #4 (16 Dec) - 15% taxes; flying taxis over Abu Dhabi; hot funding week ; creating more luck; 13 questions changing your life
Author’s Note: Folks, we’re moving to the 4th edition of my newsletter. For all the new ones: I’ll publish 8 editions, 1 per week, and then make a decision to continue the newsletter or not. So any feedback or sharing of my newsletter would mean the world to me 🌎
💡Briefly
A summary of the major business, tech and startup headlines of the past week.
The UAE will impose a 15% minimum tax on multinationals with global revenues over €750M starting January 2025, aligning with global tax reforms to boost non-oil revenue.
Tradeling - a B2B e-commerce business - acquires Axiom’s distribution business to expand its B2B reach in the UAE.
OneClickDrive, a car rental marketplace, has expanded into the pre-owned vehicle sector, offering a platform for users to buy and sell used cars directly.
Dubai’s Stake is now in Saudi Arabia, offering international investors access to its booming real estate market through fractional property ownership.
Uber is set to launch its first international robotaxi service in Abu Dhabi, partnering with WeRide to introduce autonomous vehicles in the UAE.
💸 Recently funded in MENA region
is a list of companies that received funding. They might hiring soon!
Abikhdmh | Riyadh | Government | raised $800k seed round | No career
BuyAnyAutoPart | Dubai | Automotive | raised $750k in pre-seed funding | No Career
BioSapien | Dubai | Biotech | closed $5.5m in Pre-Series A to finance clinical studies | No Career
Dechat | Dubai | Web3 | announced $1m to foster growth in MENA | No Career
Wafeq | Dubai | Accounting Service | 7.5m in Series A to grow SME accounting in MENA | Career
Opportunities Corner
👀 recent job postings in Dubai & beyond that I actually find cool
Commercial Director | ByteCrew | Dubai
Venture Building Specialist | Venture One | Abu Dhabi
Strategy & Business Development Manager | CLEDOR | Dubai
Marketing Lead | Confidential | Dubai
Industry Manager | Microsoft | Dubai
🌴 Dubai & other good stuff
is a selection of links focused on Dubai, startups, career, timeless content and business.
🌮 Food:
Wednesday Night was time for Bait Maryam, famous for his arabic-levantine kitchen and rich history. The creamy hummus, the fatoush & the lamb..it was soo lovely!
📱Social:
X: How to create more luck
Reddit: Fired 100 people after “anonymous” survey
🧑💻 Career:
Job searching is tough, but you’re not alone. This article shares tips to manage the emotional highs and lows—stay focused, set small goals, and lean on your support system.
🔁 Timeless Content:
13 questions that could change everything—your mindset, decisions, and success. Ready to rethink your life?
🚀 Start-ups:
MENA’s old unicorn playbook is dead. No more copy-paste startups or inflated exits. The region must find a bold, new path for scaleups in 2025—AI? New markets? A fresh asset class? The future depends on it.
31 Startup Business Models you must know.
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Joel ❤️