Aqua Bridge, an aquaculture company based in the UAE that is connected to the powerful Al-Maktoum family in Dubai, has announced plans to build an aquaculture farm and study center in Uttar Pradesh, India. The project, which wants to help India’s growing aquaculture industry, will need an initial investment of $461 million. In the town...
Abu Dhabi is quickly becoming a major player in the field of artificial intelligence (AI). This is because it recently launched MGX, a specialized fund that has recently joined Donald Trump’s Stargate project to improve American AI capabilities. Many people are calling this project the start of a new golden age for the Gulf area....
Databricks, a leader in data intelligence, has announced a plan to invest up to $300 million in the Kingdom of Saudi Arabia over the next five years. This investment aims to help the growing local customer base integrate data, analytics, and AI through the Databricks Data Intelligence Platform. During the LEAP 2025 conference, Databricks unveiled...
Abu Dhabi is intensifying efforts to boost investments with China, anticipating that bilateral trade will reach $200 billion by 2030. The Abu Dhabi Department of Economic Development (ADDED) is leading an economic delegation to China as part of this initiative, aiming to strengthen the emirate’s role as a global hub for talent, businesses, and investments....
Dream Security, an Israeli cybersecurity startup, has reached a significant milestone by attaining a billion-dollar valuation. The company specializes in artificial intelligence solutions and has garnered support from an investor based in Abu Dhabi. Co-founded by former Austrian chancellor Sebastian Kurz, Dream Security is poised to make a notable impact in the cybersecurity landscape. 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...
A Memorandum of Understanding (MoU) has been signed between Fiji and the United Arab Emirates (UAE), marking the establishment of the first UAE-Fiji Joint Business Council. This council aims to identify and facilitate trade and investment opportunities between the two nations. Manoa Kamikamica, Deputy Prime Minister and Minister for Trade, described the signing of this...
Abu Dhabi is enhancing its defense and aerospace capabilities with significant upgrades at XRANGE, an international facility focused on training, testing, and evaluation (TT&E) in multiple domains. Operated by REMAYA, XRANGE aims to strengthen its services for clients in the defense, aerospace, and commercial sectors. One of the key developments includes the construction of a...
UAE technology services firm Alpha Data announced its intention to list on the Abu Dhabi Securities Exchange (ADX), offering 400 million shares, which represents 40% of its capital. This listing will consist entirely of existing shares owned by investors Bin Hamoodah and Ibbini Investment, as stated by the company. In its financial report for the...
The Hamriyah Free Zone Authority (HFZA) and the Sharjah Airport International Free Zone (SAIF Zone) recently hosted a high-level delegation from the People’s Republic of China. This meeting aimed to explore ways to enhance bilateral economic and trade cooperation, focusing on increasing investment opportunities for Chinese businesses in the Emirate of Sharjah. During the discussions,...