Merger of Dubai’s EMPG and OLX Group to form Dh3.6 billion unicorn firm

Merger of Dubai’s EMPG and OLX Group to form Dh3.6 billion unicorn firm

The merger is the latest in a series of entrepreneurial successes that reinforce Dubai's reputation as a global hub for talent, enterprise, investment and innovation.. The accomplishments of Bayut and dubizzle, which began their ventures out of Dubai Internet City, the region's largest technology hub, point to the emirate's dynamic startup ecosystem and the environment it provides innovators to present and execute their ideas.. Coming less than a year and a half after Uber's $3.1 billion acquisition of local ride-hailing company Careem, the latest Dubai startup success story also showcases the vast growth prospects and supportive environment the city offers entrepreneurial ventures.. Net, one of the world's largest ad tech companies; Anghami, an Arabic music streaming platform; and�Wrappup, the developer of an AI-based productivity app, which was acquired by US tech firm Voicera, have shown the world how Dubai enables startups to dream big and achieve even bigger.. The city is at the crossroads of the economies of the east and west and offers a gateway to the world's fastest growing markets, ensuring a plethora of business opportunities.. Ammar Al Malik, Managing Director of Dubai Internet City, where Bayut and dubizzle started, said: "Even in these exceptional times, Dubai has