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 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...
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, 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...
Core42, a G42 company that specializes in sovereign cloud, AI infrastructure, and digital services, has announced the launch of the AI Developer Playground in UAE data centers. This platform, built on the Qualcomm® Cloud AI family of accelerators and the Qualcomm® AI Inference Suite for Cloud, is designed to empower developers and AI engineers by...
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...
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,...
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...
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...
The University of Sharjah will conduct the 5th Forum for Women in Research on Thursday, February 20, 2025. This event is held under the patronage of Sheikh Sultan Bin Ahmed Al Qasimi, Deputy Ruler of Sharjah and President of the University of Sharjah (UoS). The forum is themed “QUWA: Together Innovating to Shape the Future”...