Saudi Arabia’s Crown Prince, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, announced the launch of HUMAIN, a company owned by the Public Investment Fund (PIF). This new entity will operate across the artificial intelligence (AI) value chain as a unified operating company, aiming to streamline various data center initiatives and accelerate...
The Sharjah Investment and Development Authority (Shurooq) has announced an impressive Dh7.2 billion in investments across 52 innovative projects, significantly transforming over 60 million square feet throughout the emirate of Sharjah. This announcement coincides with Shurooq’s 15-year anniversary, marking a journey characterized by sustainable growth, community impact, and cultural preservation. Shurooq’s focus has been on...
UAE President Sheikh Mohamed bin Zayed recently engaged in a phone conversation with Syrian President Ahmed Al-Sharaa, as reported by WAM News Agency. The discussion focused on the relationship between their countries and explored avenues to enhance bilateral cooperation for the benefit of their peoples. Credit: Arab News During the call, the leaders exchanged views...
The United Arab Emirates has announced a significant commitment of US$40 billion to invest in Italy across various strategic sectors. This announcement occurred during an official visit aimed at enhancing bilateral relations and outlining future cooperation between the two nations. The investment will support a wide range of initiatives, including those in the economy, defense,...
Emirates Group’s airport and travel services company, dnata, is actively pursuing a robust pipeline of acquisitions to fuel its growth and expand its global presence, as revealed by CEO Steve Allen. The company is focusing on various sectors, including catering, ground handling, and cargo services, as part of its strategic initiatives. Allen emphasized dnata’s commitment...
The United Arab Emirates (UAE) has significantly improved its global standing in human development, now ranking 15th out of 193 countries in the latest Human Development Index (HDI) report released by the United Nations Development Programme (UNDP). This marks an impressive rise of 11 places compared to its ranking in 2021–2022. The UAE has surpassed...
His Highness Sheikh Abdullah bin Zayed Al Nahyan, the UAE Deputy Prime Minister and Minister of Foreign Affairs, held a phone conversation today with Jeyhun Bayramov, the Foreign Minister of the Republic of Azerbaijan. They focused on enhancing bilateral relations and identifying opportunities for mutual benefit. In addition to discussing ways to strengthen ties, Sheikh...
Saudi Arabian budget airline flynas is planning to raise up to 4.1 billion riyals, equivalent to $1.1 billion, through an initial public offering (IPO) in Riyadh. This announcement was made by the airline on Monday and signifies a significant move in the aviation sector, as it marks the first IPO of a Gulf airline in...
Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, has entered into a multi-year strategic partnership with Ghaf Labs, a Web3 advisory and consultancy firm based in the Middle East and North Africa (MENA). The two organizations have signed a Memorandum of Understanding (MOU) aimed at promoting cryptocurrency adoption, developing the ecosystem, and...
Cairo, Egypt — Nawy, recognized as Africa’s largest property technology platform, has successfully raised $52 million in Series A equity funding. This funding aims to enhance its operations, improve its technology, and expedite its expansion across the MENA region. Partech led the funding round, with contributions from several investors including e& Capital, March Capital Investments...