Dubai-based fintech company Qashio has successfully secured $19.8 million in equity and non-equity financing. This investment round was led by Rocketship, an early-stage venture fund located in California, and included participation from Oneway VC, ABN Ventures, MITAA, alongside other investors such as family offices and banks in the Middle East and North Africa (MENA) region....
The Sharjah Private Education Authority announced a significant improvement in the performance of private schools, with an increase of 84% as revealed through the results of the third cycle of the “Itqan” programme for the 2024-2025 academic year. This initiative aims to ensure that private schools adhere to established quality standards while enhancing their educational...
Active Abu Dhabi, a project by Emirates Foundation, has launched the national program Misrah during an introductory workshop at its headquarters in Al Qana, Abu Dhabi. This initiative aims to support community initiatives throughout 2025, aligning with the UAE’s aspirations for the Year of Community. The workshop gathered representatives from various government entities, community organizations,...
Dubai Chambers has organized the Dubai-Madagascar Business Forum, welcoming a delegation of 60 companies from Madagascar to discuss investment opportunities and potential business partnerships. The forum took place at the Dubai Chambers headquarters and emphasized the importance of enhancing economic ties between Dubai and Madagascar. Attending the event was Andry Rajoelina, the President of the...
du, a leading telecom and digital services provider in the UAE, recently partnered with Hewlett Packard Enterprise (HPE) to host a roundtable titled “Unlock the future of AI, Hybrid Cloud and Networking.” The event, which took place in Dubai, focused on enhancing banking operations, improving customer experience, and ensuring robust data security. Notably, the event...
The Central Bank of the UAE (CBUAE) and the Central Bank of the Republic of Azerbaijan (CBAR) have formalized a memorandum of understanding (MoU) aimed at enhancing cooperation in the financial sector. This agreement marks a significant step in fostering bilateral ties between the two nations. The MoU was established following a visit to the...
Alibaba Cloud’s MENA chief has expressed strong optimism regarding the company’s expansion plans in the United Arab Emirates and the broader region. The executive highlighted the growing demand for cloud services in MENA, emphasizing the strategic importance of the UAE as a key market. The chief noted that the region is witnessing a surge in...
The Abu Dhabi Investment Office (ADIO) has signed a strategic agreement with the Tokyo Metropolitan Government’s Bureau of Industrial and Labor Affairs. This partnership aims to strengthen economic ties and promote growth between Abu Dhabi and Tokyo. Credit: Abu Dhabi Media Office Under this agreement, both parties will collaborate on various initiatives that can enhance...
Faraday Future (FF), a California-based global AI electric vehicle manufacturer, is set to establish its first operational base in the Middle East located in Ras Al Khaimah. The new facility will be situated in Al Hamra within the Ras Al Khaimah Economic Zone (RAKEZ) and will cover an area of approximately 108 000 square feet,...
Oman is set to modernize and expand its national grid to accommodate a significant increase in green energy needs associated with various smart city and sustainable urban development projects currently underway in the Sultanate. The Oman Electricity Transmission Company (OETC), which is predominantly state-owned, has announced plans to upgrade its Electricity Transmission Master-Plan to cover...