Egypt-based fintech company MNT-Halan has announced its expansion into the UAE, marking a significant growth phase for the unicorn startup. Co-founder Mounir Nakhla emphasizes that the company has only begun to tap into its full potential, highlighting the mission to redefine financial access for millions. Founded in 2018, MNT-Halan originally launched as a ride-hailing platform....
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...
A UAE company has introduced the Eneron Magnus, a rugged hybrid military vehicle designed to compete with Tesla in the field of autonomous vehicle production. This unveiling highlights the company’s ambition to innovate in both autonomous vehicles and humanoid robots, aiming for a significant presence on the global stage. The Eneron Magnus is being positioned...
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...
Paris-based AI startup Mistral has introduced a new language model, Mistral Saba, which focuses on Arabic-speaking countries. The model, launched on Monday, is tailored to handle Arabic interactions more effectively, setting it apart from Mistral’s general-purpose models. With 24 billion parameters, Mistral Saba is compact compared to other large language models (LLMs). While smaller models...
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...
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...
Baidu, a leading Chinese technology company, has announced plans to introduce a robotaxi service in Dubai. This move is part of a broader strategy by Chinese tech giants to expand their presence in the Middle East, which is becoming an increasingly attractive market for innovation and technology. The company has been developing its autonomous driving...
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...
Dubai is taking a significant step forward in supporting the property technology (Proptech) sector. The Dubai Integrated Economic Zones Authority (DIEZ) and the Dubai Land Department (DLD) have joined forces to promote innovation and growth in this field. The partnership aims to support research, development, and the adoption of modern technologies in real estate. It...