Hub71, the tech ecosystem based in Abu Dhabi, announced on Thursday that startups within its network secured a record $2.17 billion (Dh8.02 billion) in funding during 2024. This amount marks a significant 44.7% increase compared to the $1.5 billion raised in 2023. Additionally, the revenue generated by these startups rose to $1.2 billion, up from...
Dubai’s Hushday, the first premium, invitation-only flash sales platform in the Middle East, has successfully raised over Dh2 million ($550 000) in pre-seed funding from regional tech investors. The startup aims to reinvent the retail experience for luxury and premium brands, providing them with full control and the opportunity to build brand integrity while achieving...
Under the patronage of His Excellency Lieutenant General Dhahi Khalfan Tamim, who serves as the Deputy Chief of Police and General Security in Dubai, the Dubai Civil Defense has organized the 10th cycle of the UAE Fire and Safety Forum. This significant event took place at the Hyatt Regency Hotel in Dubai, focusing on enhancing...
Dubai CommerCity has announced a strategic partnership with qeen.ai and Portmind to enhance the adoption of artificial intelligence (AI) within its free zone. This collaboration was revealed during Dubai AI Week, emphasizing the commitment to integrate advanced technologies in the region. The initiative aims to foster innovation and support businesses in leveraging AI to improve...
The Dubai Future Foundation (DFF), through the Dubai Centre for Artificial Intelligence (DCAI), has teamed up with South Africa and European partners to launch a global trade and investment hub focused on artificial intelligence (AI). This collaboration aims to foster innovation and enhance the AI landscape across these regions. The initiative was announced during a...
Ayu Life Sciences, a company specializing in medical devices and cell therapy, has announced plans to invest AED 33 million in a new medical manufacturing facility located at the Jebel Ali Free Zone Authority (JAFZA). This investment marks a significant step in enhancing the company’s production capabilities and expanding its footprint in the healthcare sector....
Ottu has announced a strategic partnership with HyperPay, a provider of digital payment solutions, through a Mutual Collaboration Agreement (MCA). This alliance signifies a major step in transforming the digital payments landscape across the Middle East and North Africa (MENA) region, combining the strengths of two leading fintech innovators to create a smarter, more secure,...
Al Hassan Ghazi Ibrahim Shaker Co., commonly known as Shaker, has signed an agreement with BSF to introduce the “EasyPay” financing program. This initiative aims to enhance consumer financing options, allowing Shaker to provide more accessible and flexible payment solutions for customers across Saudi Arabia. The EasyPay program will enable customers to finance their purchases...
Debbie Griffin and her partner made the decision to leave the UK due to dissatisfaction with the safety and tax system. Griffin stated, “The private school fees were the last straw.” Until September 2024, the couple had been raising their three children, aged five, 14, and 25, in Northamptonshire. However, the announcement of a 20...
Databricks, a data analytics firm based in San Francisco, has announced plans to significantly expand its operations in India. The company will invest over $250 million and increase its workforce by more than 50%, aiming to have over 750 employees in the country by the end of the fiscal year. This substantial investment will enhance...