WeWork to open its first space in Dubai this year, The Luxury Closet and Yumamia raise investments, Bayut expands to Saudi and Airbnb launches in Arabic.

Here's what's happening in the tech, startup and VC universe today: 1. The Luxury Closet wraps up growth round with $11 million, acquires Hong Kong-based Guiltless 2. Bayut expands to Saudi 3. Yumamia raises $1.5 million Pre-Series A, plans expansion to Saudi 4. Airbnb launches Arabic website and mobile app 5. Exclusive: WeWork to open first coworking space in Dubai by Q4 2019

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The MENAbytes Drop is a weekly podcast that showcases the latest VC, TECH and STARTUP news in the Middle East and North Africa region. Hosted by Reem, the podcast features weekly exclusive reports, the occasional heavy-hitting guest and of course, the latest news in the MENA startup universe. The podcast is a reflection of the MENAbytes publication, which is the leading online startup news outlet from the Middle East & North Africa in terms of social media reach and engagement. The MENAbytes Drop is a member of the Dukkan Media family.