News
Ahmad Ali Alwan elevated to the role CEO at Hub71
Hub71 has announced new appointments within its leadership team today to continue scaling Abu Dhabi’s global tech ecosystem. Ahmad Ali Alwan has transitioned from Deputy Chief Executive Officer ...
Cypher Capital co-leads $2.4 million investment in bitsCrunch
UAE-based crypto investment firm Cypher Capital co-led a $2.4 million strategic investment round in bitsCrunch, a global data analytics firm specialising in multi-chain insights and forensics for NFTs...
Saudi Arabia all set to allow alcohol in the Kingdom
As reported by Reuters, Saudi Arabia is all set to open the doors of the Kingdom’s first alcohol store in Riyadh anytime soon. The liquor will be sold exclusively to non-Muslim diplomats after s...
Gulf Islamic Investments acquires stake in Saudi healthcare firm for $160 million
Gulf Islamic Investments (GII) has signed agreements to acquire a significant equity stake in Abeer Medical Company (Abeer), the largest affordable healthcare services provider in the Kingdom of Saudi...
Indian firm acquires majority stake in Dubai’s SKY2.0 nightclub for $79 million
Indian firm Vikas Lifecare Limited announced the acquisition of major stakes in Dubai’s renowned nightclub “SKY2.0 Club” for $79 million. The SKY2.0 is “the largest nightclub in the Middle East ...
Dubai Business Women Council and Oracle to upskill women entrepreneurs in AI
Dubai Business Women Council (DBWC) and Oracle launched the ‘sAIdaty’ initiative aimed at enhancing Artificial Intelligence (AI) skills amongst women professionals and entrepreneurs in Dubai and the w...
Moroccan startup Crealo rasies 14.1 million dirhams
Moroccan startup Crealo has raised 14.1 million in Seed funding from the 212Founders programme operating under CDG Invest, Kima Ventures, Evolem, Super Capital, and angel investors. This funding will ...
Mastercard and ADGM to empower SME in the UAE
Mastercard and Abu Dhabi Global Market (ADGM) collaborate to fuel the growth of the booming small and medium enterprise (SME) sector in Abu Dhabi and the wider UAE by digitalizing SME payment flows.
Crysp Farms secures $2.25mln in pre-series A round led by Gate Capital
Crysp Farms, the GCC’s leading innovator and operator of decentralized vertical farms, has secured a $2.25 million ‘Pre-Series A’ round structured and led by Gate Capital with participation from regio...