Author: UPPERNEWS TEAM (UPPERNEWS TEAM)

Elon Musk Unveils Grok 3: A New Era for AI Chatbots
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Elon Musk Unveils Grok 3: A New Era for AI Chatbots

Elon Musk is ready to make a significant impact in the technology sector with the launch of his AI chatbot, Grok 3. The unveiling will feature a live demonstration at 8 p.m. PT (8 a.m. UAE time tomorrow, 18th of February). Musk founded xAI not only to compete with Microsoft-backed OpenAI and Alphabet’s Google but...

Abu Dhabi National Hotels Reports 216% Increase in Profits for 2024
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Abu Dhabi National Hotels Reports 216% Increase in Profits for 2024

Abu Dhabi National Hotels announced a remarkable net profit of AED 1.33 billion for the year 2024, marking a significant increase of 216% from the previous year’s profit of AED 422.51 million, according to the company’s income statements. This growth reflects the company’s successful strategies and operations over the past year. The revenue from contracts...

Gulfood 2025 Welcomes 5,500 Exhibitors from 129 Countries
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Gulfood 2025 Welcomes 5,500 Exhibitors from 129 Countries

The 30th edition of Gulfood, recognized as the world’s largest annual food and beverage trade show, is anticipated to be its most expansive yet. This year, the event is set to feature participation from 5,500 exhibitors representing 129 countries, including first-time participants from Kosovo, Zambia, Mauritius, and Madagascar. Taking place at the Dubai World Trade...

Qme Secures $3 Million Seed Funding Led by AHOY to Enhance AI Customer Journeys in MENA
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Qme Secures $3 Million Seed Funding Led by AHOY to Enhance AI Customer Journeys in MENA

Qme, a B2B SaaS startup based in Egypt, has successfully raised $3 million in a seed funding round led by AHOY, a multisector technology company. AHOY was joined in this investment by a group of angel investors from the Gulf Cooperation Council (GCC). The funding aims to advance Qme’s AI-driven platform, which addresses inefficiencies in...

Mubadala Invests in Apleona Alongside Bain Capital
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Mubadala Invests in Apleona Alongside Bain Capital

Mubadala Investment Company, based in Abu Dhabi, has announced its agreement to acquire a minority stake in Apleona, a prominent European provider of integrated facility management located in Neu-Isenburg, Germany. This investment is made in partnership with a consortium led by Bain Capital’s Private Equity team in Europe, aiming to support Apleona’s growth and establish...

DMCC Report Projects Massive Surge in Demand for Critical Minerals Due to Digital and Energy Transition
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DMCC Report Projects Massive Surge in Demand for Critical Minerals Due to Digital and Energy Transition

A new report by the Dubai Multi Commodities Centre (DMCC) predicts that global demand for critical minerals such as lithium, cobalt, and nickel could surge by as much as 75 times the levels seen in 2020. This increase is anticipated to be driven by the urgent need for clean energy solutions, advancements in artificial intelligence,...

Abu Dhabi Introduces New Regulations for Endowment Institutions
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Abu Dhabi Introduces New Regulations for Endowment Institutions

The Abu Dhabi Department of Economic Development (ADDED), in partnership with The Endowments and Minors’ Funds Management Authority (Awqaf Abu Dhabi), has announced a new resolution for the establishment and licensing of endowment institutions in Abu Dhabi. This resolution marks a significant advancement in enhancing endowment structures and supports the sustainability of family-owned businesses while...

Over AED 63 Billion in Housing Benefits Granted in Abu Dhabi Over Five Years
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Over AED 63 Billion in Housing Benefits Granted in Abu Dhabi Over Five Years

The total value of housing benefits granted in the Emirate of Abu Dhabi over the past five years has exceeded AED 63 billion. This significant amount reflects the government’s commitment to enhancing social welfare and providing adequate housing support to its citizens. According to the Department of Community Development in Abu Dhabi, these benefits have...