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Dubai supermarket operator Spinneys extends incubator programme for F&B brands


Dubai: The Dubai-based supermarket operator Spinneys has extended its local business incubator programme for a second year, which will help local F&B businesses and brands get speedy exposure in retail outlets.
Last year, Spinneys launched 14 brands and have a further six in development through the programme. Spinneys-operated stores released 100 new product lines and created 50 new jobs amongst the winning 2020 picks. Total sales from these brands were at Dh3 million plus.
The programme was launched “amidst the economic challenges caused by COVID-19 with the aim of supporting the UAE’s food security agenda by reducing dependence on imported supplies”.
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Wadi Makkah invests in Bab Makkah and Tarteel


Wadi Makkah invests in Bab Makkah and Tarteel
Saudi Arabia-based Wadi Makkah Ventures has invested 250,000 SAR ($65,000) in a pre-Series A round for Bab Makkah, as well as SAR 200,000 ($55,000) in a seed round for Tarteel.
Founded in 2019, Bab Makkah is a B2C e-commerce marketplace that sells cultural products made in Mecca and Medina inspired by Islamic culture. It is a graduate of Wadi Makkah’s Business Incubator Programme “Nomow.” The startup also received its seed funding from Wadi Makkah last month.
Tarteel is an assistive technology-based startup that offers an electronic device to help the visually impaired to read the Quran in Braille. ....

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