Abu Dhabi-based investment firm MGX is making strides in the United States by expanding its team with key hires from prestigious firms. The company’s latest appointments include Andy Pickens, who has taken on the role of managing director and AI product lead at MGX’s New York office. Pickens was previously a managing director at Apollo...
UAE-based healthtech company Klaim has successfully raised $26 million to enhance its payment solutions for the healthcare sector. The funding includes $10 million from a Series A equity round, supplemented by an additional $16 million in financing. The newly acquired funds will facilitate Klaim’s expansion into markets such as the UAE, Saudi Arabia, and Oman....
AiVANTA, a Mumbai-based leader in marketing technology specializing in AI-powered personalized video solutions, has announced its expansion into Dubai. This strategic move is seen as a significant milestone for the company and aligns with the UAE’s efforts towards digital transformation. The expansion aims to strengthen AiVANTA’s presence in a region known for its innovation-driven economy...
Journify, a company specializing in AI-powered data activation, has successfully raised $4 million in funding. The investment round was led by Silicon Badia, a global venture capital firm, with participation from RZM and other strategic investors. This funding is aimed at supporting Journify’s mission to provide brands with ethical, data-driven marketing solutions that enhance audience...
Dubai Customs has released a new platform called “Al Munasiq“. This platform uses artificial intelligence (AI) to make its services more efficient. This project fits with Dubai’s plan to speed up the use of AI in many areas. This plan was started by His Highness Sheikh Mohammed bin Rashid Al Maktoum, who is also the...
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...
TRENDS Research and Advisory has announced the opening of registration for the second edition of the TRENDS Hub Scientific Research Award, which emphasizes the importance of artificial intelligence (AI). Applications for the award will be accepted until 30th June 2025, and the top three winners will be revealed on 9th September 2025. This award is...
In a significant advancement in the realm of artificial intelligence (AI), the UAE is partnering with France to establish a 1 gigawatt (GW) AI data centre. This mega project will see the UAE invest billions of euros, making it the largest AI facility of its kind in Europe, according to the French presidency. The announcement...
The Emirates Safer Internet Society (eSafe) has launched STOGOCOMP, marking the UAE’s first open competition in artificial intelligence (AI) and robotics for school students aged 9 to 19 years. This initiative aims to encourage students from both public and private schools to develop effective solutions that enhance the wellbeing of children within educational institutions. In...
Speaking at the inaugural Plug and Play Middle East Summit, Dr. Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade, told the audience about the significant impact of advanced technologies, especially artificial intelligence (AI), in revolutionizing global trade. He also emphasized the importance of embracing innovation to foster a new era...