Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

DCT Abu Dhabi, Hub71 partner to advance tourism, culture through startups

Real estate transactions in Abu Dhabi for 2023 reached more than $23 billion.
  • DCT Abu Dhabi will fund the Proof Of Concepts (POCs) of the startups identified for future work.
  • Hub71 will provide DCT Abu Dhabi with access to a broad pipeline of startups, regionally and globally.

Hub71, Abu Dhabi’s global tech ecosystem, and the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) will identify and collaborate with startups to advance the tourism and culture sectors, collaborate on high-impact events and provide mentorship to founders and entrepreneurs.

Saeed Al Fazari, Executive Director at DCT Abu Dhabi, and Badr Al Olama, CEO, Hub71, signed an MoU under which DCT Abu Dhabi will fund the Proof Of Concepts (POCs) of the startups identified for future work so that they overcome challenges that will enhance tourism and culture experiences.

Also, Hub71 will provide DCT Abu Dhabi with access to a broad pipeline of startups, regionally and globally, that can provide a wide range of innovations to upscale the sectors’ services, in addition to Hub71’s quarterly cohort of startups.

The two will collaborate in organizing knowledge and expertise-based programs to foster existing startups within Hub71.

DCT Abu Dhabi will also take part in Hub71’s flagship challenge, The Outliers, which invites the best and brightest startups from around the world to solve real problems set by Hub71’s corporate and government partners. The winning startup will be granted endorsement for the POCs by DCT Abu Dhabi.

Al Fazari said, “This partnership will enable us to widen the net of potential startups we could collaborate with.”