Azraq Raises Oversubscribed Pre-Seed Round to Build AI-Powered Risk Intelligence Platform for Data Centre Investments

Azraq Raises Oversubscribed Pre-Seed Round to Build AI-Powered Risk Intelligence Platform for Data Centre Investments

Dubai – Azraq, an AI-powered risk intelligence startup focused on data centre and critical infrastructure investments, has closed an oversubscribed pre-seed funding round, with A-typical Ventures participating as a key investor following the company’s co-build journey through The Utopia Studio. The fresh capital will support Azraq’s product development and market expansion as demand accelerates for […]

The DFSA publishes 9th Audit Monitoring Report, underscoring strengthened audit quality and transparency across DIFC

The DFSA publishes 9th Audit Monitoring Report, underscoring strengthened audit quality and transparency across DIFC

First transparency reports published by auditors of Public Listed Companies under DFSA Rules – the DFSA is the first UAE audit regulator to mandate such disclosures. A higher proportion of audit engagements were rated satisfactory, and there were fewer unsatisfactory ratings than in previous cycles. 74% increase in total fees, reaching US$ 33.5 million – […]

Dubai Chambers Partners with Wio Bank to provide Alternative Banking Services for SMEs

Dubai Chambers Best Partners with Wio Bank to provide Alternative Banking Services for SMEs

Dubai, UAE – Dubai Chambers has signed a Memorandum of Understanding (MoU) with Wio Bank to provide alternative banking services for members. The collaboration will provide small and medium-sized enterprises (SMEs) with streamlined access to business account opening and financing solutions designed to support their growth and operational efficiency. Through this collaboration, members of the Dubai […]

Dubai Future District Fund Backs MetaProp Fund IV to Strengthen Dubai’s PropTech Ecosystem

Dubai Future District Fund Backs MetaProp Fund IV to Strengthen Dubai’s PropTech Ecosystem

Dubai, UAE – 10th July – Dubai Future District Fund (DFDF) has committed capital to MetaProp Fund IV L.P., one of the world’s most active and specialised venture capital firms investing in PropTech. This partnership positions MetaProp as a foundational early-stage PropTech partner for DFDF, supporting Dubai’s Economic Agenda D33 and the development of a regional […]

Deutsche Bank expands operations in Qatar with New Research Centre of Excellence

Deutsche Bank expands operations in Qatar with New Research Centre of Excellence

Deutsche Bank announced the expansion of its operations in Qatar with the establishment of a Research Centre of Excellence, reinforcing its long-term commitment to the Middle East and its role in supporting clients with differentiated insights across one of the world’s most dynamic markets. Deutsche Bank is connecting global investors with opportunities in the region The Bank’s […]

As Cost Pressures Rise, Tail Spend Is Where Businesses Can Offset Shocks

As Cost Pressures Rise, Tail Spend Is Where Businesses Can Offset Shocks

Article by: Francesco Colavita, SVP – MEAPAC at JAGGAER For most business leaders, the past two years have been defined by forces largely outside their control. Inflation has proven stubborn across major economies, with the IMF estimating global inflation at 5.8% in 2024. At the same time, Tail Spend operating costs continue to fluctuate unpredictably. […]

Standard Chartered Partners with BlackRock to launch Asia Pacific Multi-Asset Fund

Great Standard Chartered Partners with BlackRock to launch Asia Pacific Multi-Asset Fund

New offering gives UAE investors access to a diversified Asia Pacific growth strategy through Standard Chartered’s expanding wealth solutions platform. Dubai – Standard Chartered (“the Bank”) today announced the launch of its latest sub-fund under its Variable Capital Company (VCC) platform, with BlackRock acting as the sub-manager. The Signature Select APAC Allocation Plus fund is an Asia-focused multi-asset strategy […]

AVELIN AI Secures $3.7mln pre-seed funding to accelerate sovereign AI Infrastructure for Enterprises and Governments

AVELIN AI Secures $3.7mln pre-seed funding to accelerate sovereign AI Infrastructure for Enterprises and Governments

Dubai, UAE:  – AVELIN AI, a sovereign AI platform built for enterprises and governments in regulated industries, has closed a $3.7 million pre-seed funding round from angel investors. The funding will be used to accelerate AVELIN’s commercial expansion across the Middle East, Europe, and North America, scale its GPU infrastructure, and further enhance its proprietary Cross-Model […]