UAE-headquartered venture capital platform invests in $100 million funding round for leading US nuclear technology company. Investment in Aalo Atomics showcases growing momentum for a new atomic age powered by advanced nuclear plants Addresses expected 4x increase in global electricity demand from AI-optimised data centres by 2030 Builds on Crescent Enterprises’ long-standing track record of […]
Developed in partnership with BlueBox Asset Management, a Geneva- and UK-based specialist in technology-focused equity strategies Focused on a high conviction portfolio of 25-35 publicly listed technology companies Built around long-term technology themes spanning AI, infrastructure, and deep tech Accessible to both institutional and individual investors Dubai, UAE – ASB Capital, a purpose-driven asset and wealth management […]
Dubai, UAE — Ribh.AI has raised USD 3 million in growth capital with Ereele Capital and IronSharp Capital acting as lead sponsors in the fundraising. The capital supports the launch of the world’s first fine-tuned Large Language Model (LLM) trained fully on Sharia principles, built to transform Islamic Finance across all asset classes. Ribh.AI is […]
Wa’ed Ventures, Saudi Aramco’s $500 million venture arm, has invested $15 million in South Korean chipmaker Rebellions Inc., marking its first investment in South Korea and aiming to advance the AI industry in Saudi Arabia. The investment will help Rebellions, which is partnering with Samsung Electronics to develop a generative AI chip, establish a new […]
Doha, Qatar – Keeta, the international subsidiary of Meituan, China’s on-demand delivery giant, has officially launched in Qatar, offering users a smarter, more affordable way to order their favorite meals. Starting today, all Keeta new users will receive vouchers worth 200 QAR while all users will enjoy free delivery benefits with no subscription fees. The launch […]
Dubai – ADIB Capital Limited, a wholly owned subsidiary of Abu Dhabi Islamic Bank (ADIB) and regulated by the Dubai Financial Services Authority (DFSA), has launched a new Sharia-compliant investment vehicle targeting short-duration trade opportunities in developed markets. The ADIB Islamic Trade Opportunities Fund, structured as a Qualified Investor Fund (QIF) in the Dubai International […]
Acquisition expands IFS’s Industrial AI capabilities, unlocking deeper insights and scalable, data-driven logistics solutions. Dubai, United Arab Emirates – IFS, the leading provider of Industrial AI software, today announced the acquisition of 7bridges, an AI-powered supply chain management solution provider. The move strengthens IFS’s position as the Industrial AI leader by expanding its capabilities in logistics and […]
DUBAI, UNITED ARAB EMIRATES – Mantas, a pioneering insurtech, received In-Principle Approval (IPA) for a Category 4 licence from the Dubai Financial Services Authority (DFSA). This enables Mantas to operate as a regulated Managing General Agent (MGA) upon the issuance of the full DFSA licence. This key milestone bolsters the company’s mission to protect cloud-reliant businesses […]
This enables individuals to manage salary payments for domestic workers in line with applicable legislation and regulatory frameworks. Dubai: The Ministry of Human Resources and Emiratisation (MOHRE) and e& money, the fintech arm of e&, signed a Memorandum of Understanding (MoU) to provide wage protection services via the e& money platform. This enables individuals to manage […]
Morocco-based influencer marketing startup Hypeo Ai has secured an undisclosed investment from Renew Capital to scale its AI-powered influencer marketing platform. Founded in 2024 by Meriam Bessa, Oussama Sekkat, and Salah Eddine Mimouni, the startup helps brands and creators connect in under 15 minutes, with tools for matching, pricing, and real-time campaign tracking. The funding […]