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CBI, zypl.ai ink partnership
The pact aligns with CBI’s plan to support innovation in UAE.
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Musk’s AI startup to raise $1bn
He hopes it will compete with ChatGPT's Open AI. -
Elon Musk’s xAI to release first AI model to ‘select group’
WASHINGTON, US - Elon Musk said his new artificial intelligence company would release a new AI model on Saturday to a "select group" of users as he looks to rival industry leaders OpenAI and Google. The release would be the first from Musk's new startup, xAI, that he launched in July... -
Funding key challenge for Middle East innovators
Deep-tech companies in the Middle East are facing challenges due to limited funding and inadequate R&D centers, leaving entrepreneurs seeking a more supportive ecosystem. -
Funding key challenge for Middle East innovators
Deep-tech companies in the Middle East are facing challenges due to limited funding and inadequate R&D centers, leaving entrepreneurs seeking a more supportive ecosystem. -
UAE and South Korea agree to support SMEs, entrepreneurship
Dubai, UAE-- The UAE and South Korea are aiming to foster cooperation to promote entrepreneurship and support growth of small and medium enterprises in the two countries' markets. In this connection, Abdullah bin Touq Al Marri, Minister of Economy, held a bilateral meeting with Lee Young, Minister of SMEs and... -
More firms set for listing on Qatar Stock Exchange
"The new listings will take place between March and April. Another group of companies will be listed in the venture market, depending on the companies' submission of their requests and fulfillment of all procedures and requirements, and thus it has the right to move to the main market," he adds. -
Riyadh, Dubai, Kuwait lead MENA in supporting startups as region sees drop in investment levels
Riyadh has surpassed all other MENA cities in terms of startup activities with higher literacy rate, faster average broadband speed, a latest report points out -
EDB to provide financial support to SMEs, startups in free zones
The Emirates Development Bank (EDB) has teamed up with the Hamriyah Free Zone in Sharjah and the Sharjah Airport International Free Zone (SAIF) to provide financial support to small and medium-sized enterprises (SMEs) and startups operating in the free zones. -
Swvl to buy Zeelo of UK
The buyout will give Swvl a foothold in developed markets. -
MENA region saw $2.88bn startup investment in 2021: Report
The report also claimed that the value of early-stage deals for startups in the region doubled from 2020 to 2021. -
Sandooq Al Watan to fund Lune with $68,000 for its innovator program
Sandooq Al Watan, the community initiative launched by Emirati businessmen to support the creation of a better future for forthcoming generations, announced that it has funded ‘Lune,’ a platform from an Emirati startup specializing in the field of financial data analysis, with an amount of AED250,000 ($68,000). Created by Lune... -
AHOY raises $20m in financing
AHOY, a UAE and Saudi operating logistics startup, has raised $20 million in financing from undisclosed investors. -
Digital Cooperation Organization launches Startup Passport at LEAP
The Digital Cooperation Organization (DCO) has announced the launch of the DCO Startup Passport to make it quicker, easier and less expensive for startups to do business across borders, local media reports said. This opens up potentially lucrative markets with a combined population of more than half a billion people... -
‘Robot chef’ makes steaks at Israel restaurant
The "robot chef", which is the size of a large oven, can make three different steaks simultaneously -- though a human staff member makes up the burgers. -
Khalifa University sets up a business unit with AED100m
Khalifa University of Science and Technology has launched a business and investment arm of the university named Khalifa University Enterprises Company (KUEC), with an endowment of AED100 million. -
Tips to consider before starting a new business
With the Covid-19 pandemic leading people to start their own businesses, a good beginning could make all the difference. -
Israel startup pays virtual coin for trash collection
The scheme aims to encourage citizens to pick up trash in a country ranked among the world's leading litter producers. -
Oil-rich UAE to burn waste to make power
As the UAE has mushroomed from a desert outpost to a thriving business hub, waste has multiplied. So has power use, which has soared 750 percent since 1990 according to the International Energy Agency. The wealthy UAE uses more electricity and creates more waste per head than almost any other... -
Tamatem pushes Arabic games
This Jordanian firm is being praised for Arabic mobile games. -
DSOA program to aid techpreneurs and startups
DSOA — a wholly-owned government free zone — is expected to launch the program at GITEX Future Stars 2021. -
Dubai Airshow 2021 ties up with global aerospace bodies to support startups
Dubai Airshow 2021 is collaborating with global aerospace entities in order to provide 'disruptive' startups with an opportunity to showcase their innovative technologies and creative ideas. -
Wa’ed to fund first Saudi facility to make oil, gas drilling compound
Wa'ed, the entrepreneurship arm of Aramco, has approved a plan to finance construction of a factory in Jubail that will be the Kingdom's first maker of an essential compound used in the oil and gas drilling process. The 3.75 million SAR loan to SICCO, a Jubail-based start-up, is part... -
Saudi startup Unifonic raises $125m
The startup's latest funding is led by SoftBank and a unit of the PIF. -
Hub71 launches new program with New York Firm Modus Capital to build, invest in startups
The program is expected to enable early-stage founders from around the world to develop successful and scalable startups from Abu Dhabi FinTech, Direct-to-Consumer, HealthTech, and EdTech startups will reportedly gain preference Abu Dhabi’s global tech ecosystem Hub71 and New York-based venture-capital and venture-builder firm Modus Capital have launched a... -
Saudi Arabia tops startup investment sector in May
Saudi Arabia dominates startup investment sector during May In all nearly $110 million was raised across 35 deals over the month Saudi Arabia has topped the startup investment market in the Middle East and North Africa (MENA) region during May, Arab News quoted from figures released by entrepreneurship platform... -
Snoonu launches ‘No riders under the sun’
Starting from mid-May, Snoonu has transitioned exclusively to car deliveries for the summer season Snoonu is Qatar's home-grown success story that aims to be the first local Unicorn company Qatar’s leading tech startup, Snoonu, has announced the launch of its ‘No Riders Under the Sun’ initiative, aimed at preserving the... -
STV takes part in 30 percent of all Saudi start-up funding rounds
The company also took part in 20 percent startup funding in the Middle East -
Stake, a Dubai startup backed by Saudi, to expand into kingdom
The company announced on Tuesday it has raised $4 million in a seed funding It has raised 15 million dirham for the venture Stake, a Dubai-based financial technology (fintech) and real estate investment platform backed by Saudi investors, is in talks to expand into Saudi Arabia. Stake, launched in 2020,...