Ondas (ONDS) has announced that it has secured a purchase order worth $3.2 million from a governmental entity in the United Arab Emirates. This order is aimed at further developing urban autonomous drone infrastructure in the UAE and expanding the existing Optimus drone network. The network is operated by the local government as part of...
Cerebras Systems has successfully cleared a U.S. government review concerning its connections with G42, an Abu Dhabi-based AI developer. This review was conducted by the Committee on Foreign Investment in the United States (CFIUS) and is expected to facilitate the California-based company’s long-anticipated initial public offering (IPO). The CFIUS probe specifically examined the planned $335...
Hesai Technology (HSAI) has announced that its lidar solution will be instrumental in powering Apollo Go’s significant expansion into Dubai. This partnership aims to accelerate the global adoption of safe and intelligent driverless technology. The announcement comes on the heels of an exclusive agreement signed between Hesai and Baidu Apollo in July 2024. Apollo Go...
Saudi Arabia is set to expand new technology for purifying drinking water, utilizing an electrical charge, following a recent agreement aimed at enhancing its application over the next four years. This capacitive deionization technology will be capable of treating approximately 3,500 cubic meters of water daily, providing clean drinking water to the population. The agreement...
Sharjah has introduced a new mobile application called Mawqef, aimed at streamlining the payment of public parking fees and the checking and settling of fines. The Sharjah Municipality announced the launch of this app on Tuesday, highlighting its user-friendly features. Mawqef includes interactive maps that help users easily locate subscription zones and smart parking yards...
Cerebras Systems Inc. has announced that it has resolved “all open issues” with the Committee on Foreign Investment in the US (CFIUS), marking a significant step forward for the chip startup as it prepares for its initial public offering (IPO). This development is particularly crucial as Cerebras aims to solidify its position in the competitive...
The United Arab Emirates has emerged as a global leader in cryptocurrency adoption, showcasing a remarkable 41% year-on-year increase in crypto app downloads, which totaled 15 million in 2024. In a striking development, the nation recorded 3.55 million installations of crypto applications in January 2025 alone, highlighting a strong and growing interest in digital assets....
Chinese technology firm Baidu plans to introduce an autonomous ride-hailing service in the UAE by the end of 2025. This initiative will be executed through its unit, Apollo Go, which has signed an agreement with Dubai’s Roads and Transport Authority (RTA) to commence testing and offering autonomous driving services in the emirate. As part of...
Sonic Labs has decided to cancel its plans for a US dollar-pegged algorithmic stablecoin and is now focusing on developing a stablecoin denominated in United Arab Emirates dirhams. This strategic shift was announced after co-founder Andre Cronje had previously mentioned the potential for a US dollar stablecoin with an annual percentage rate (APR) of up...
JetSynthesys, a digital entertainment and technology company based in Pune, is poised to expand its operations into the West Asia region as part of a strategy to take its e-sports offerings global. This move aligns with the recent announcement by the International Olympic Committee (IOC) to host the Olympic Esports Games in 2027, with the...