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Hunting unicorns in the desert amid the rise of Arab startups

Investors now include some of the Gulf's wealthiest individuals and biggest companies

The Gulf is fertile ground for startups. In the two biggest economies, Saudi Arabia and the United Arab Emirates, economic output per person is US$22,000 and US$40,000 respectively.


IN the rapidly evolving gig economy, there is a new way to car shop: spot one on the road that appeals, snap its photo with your phone and an app will contact sellers of similar cars near you and negotiate the lowest price - all within a few minutes.

It's remarkable not only...