Monday, February 26, 2018

Tech startups grow three-folds. ArabNet survey ranks country second in the MENA region


The country still ranks in second place in the MENA region behind the United Arab Emirates (UAE) in terms of number of startups and value of investments. The number of startups witnessed a more than three-fold increase from 11 to 37 companies between 2013 and 2016. Similarly, investments reached $56 million in 2016, compared to just $7 million in 2013.

This is the first conclusion of the Arabnet's Lebanese Innovation Economy report, issued at the Arabnet conference this week.

Omar...

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