Dubai-based proptech company Prop-AI has successfully raised $1.5 million in a pre-seed funding round. The investment was led by Plus VC, Joa Capital, Select Ventures, Oraseya Capital, Plug & Play, along with contributions from angel investors from Saudi Arabia and Bahrain. The proceeds from this funding will be directed towards expanding Prop-AI’s regional data integration,...
Dubai has completed a significant flood defense project costing Dhs277 million, aimed at enhancing the city’s infrastructure against future flooding. This new system is located in the Nad Al Sheba 3 neighborhood and serves an area of 340 hectares, covering 300 plots of land. The new infrastructure includes a 24-kilometer sewerage system, which features 11...
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the UAE, met with Mexican Minister of Economy Marcelo Luis Ebrard. During this meeting, the two countries signed several economic and investment cooperation agreements. Credit: WAM Among the agreements was the formation of a UAE-Mexican Joint Business Council. This...
The Dubai Roads and Transport Authority (RTA) has signed a cooperation agreement with Amazon Web Services (AWS) to enhance its digital transformation initiatives. This partnership aims to leverage the latest digital technologies to support RTA’s strategy for transitioning to cloud computing. Credit: ZAWYA Through this collaboration, the RTA seeks to implement advanced digital solutions that...
Mubadala Investment Company, a sovereign investor from Abu Dhabi, has entered into a partnership agreement with the Abu Dhabi Projects and Infrastructure Centre (ADPIC) to promote collaborations aimed at advancing infrastructure initiatives. This agreement establishes a comprehensive framework for cooperation between the two organizations, focusing on enhancing Abu Dhabi’s development as a preferred destination for...
H.H. Sheikh Abdullah bin Zayed Al Nahyan, the Deputy Prime Minister and Minister of Foreign Affairs of the United Arab Emirates, held a meeting today with Juan Ramón de la Fuente, the Secretary of Foreign Affairs of Mexico. This significant encounter took place in Mexico City, where both leaders discussed various aspects of the bilateral...
Wizz Air Abu Dhabi has announced the launch of flights to Beirut, representing a significant expansion for the airline. Starting on June 4, the budget carrier will operate three weekly flights, banking on Lebanon’s tourism recovery following a ceasefire that ended over a year of conflict between Israel and Hezbollah. This new route signals optimism...
His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, the Supreme Council Member and Ruler of Sharjah, recently praised the efforts of the University of Al Dhaid’s Board of Trustees during a meeting focused on the university’s expansion plans. He acknowledged the achievements made by the board in recent times and emphasized the importance of...
Morepen Laboratories has announced the incorporation of a wholly owned subsidiary named Morepen Labs – FZCO in the free zone of Dubai, United Arab Emirates. This new entity will engage in trading pharmaceuticals and medicines outside of the UAE. Credit: Business Standard The company has subscribed to 5 000 ordinary shares at AED 10 each,...
The UAE, Seychelles, Madagascar, Réunion, Mauritius, Comoros, Mayotte, Morocco, and several international partners gathered at ITM 2025 in Antananarivo to initiate a significant shift in regional tourism strategy, marked by the launch of the Vanilla Islands Travel Card. This new initiative aims to enhance multi-island travel across the Indian Ocean by providing visitors with seamless...