News
Saudi Venture Capital invests in Global Ventures III Fund
Saudi Venture Capital (SVC) has announced its investment in Global Ventures III, an early-stage venture capital fund managed by Global Ventures. The fund size is in excess of $150 million.
Winners of Hamdan Bin Rashid Al Maktoum Foundation Innovators 2024 competition revealed
Hamdan Bin Rashid Al Maktoum Foundation for Medical and Educational Sciences announced the results of the seventh edition of the Innovators 2024 competition. Following the evaluation of projects that ...
Abu Dhabi’s ADGM reduces commercial licence fees
Leading financial district in Abu Dhabi, ADGM has announced an updated fee schedule for obtaining and renewing an ADGM commercial licence. Effective from 1st January 2025, fee reductions of 50% or mor...
SMBs with AI adoption see stronger revenue growth
Ninety-one percent of small and medium businesses (SMBs) with artificial intelligence (AI) say it boosts their revenue, according to a new Salesforce survey. The global data, gathered from 3,350 leade...
ESET reports deepfakes are flooding social media and Formbook is now No.1 infostealer
ESET has released its latest Threat Report, which summarizes threat landscape trends seen in ESET telemetry and from the perspective of both ESET threat detection and research experts, from June throu...
Ma’an and Hub71 to boost social tech entrepreneurship
The Authority of Social Contribution – Ma’an has signed a Memorandum of Understanding (MOU) with Hub71, Abu Dhabi’s global tech ecosystem, to support social tech entrepreneurship and generate a ...
Sharjah Entrepreneurship Festival unveils speaker line-up and partnership with Arada
The Sharjah Entrepreneurship Festival 2025 (SEF) brings its most exciting edition yet with trailblazing leaders and innovators, including H.E. Omar Saif Ghobash, Amy Cuddy, Sania Mirza, and Mostafa Sa...
Perfect Corp launches AI APIs to easily integrate AI beauty technology into products and applications
Perfect Corp has launched its latest innovation, AI APIs. Designed to empower developers and product creators, these cutting-edge tools simplify integrating advanced AI-powered beauty technology into ...
Saudi foodtech startup, Calo raises $25 million in Series B
Calo, the Middle East’s largest foodtech startup revolutionizing personalized meal subscriptions, raised $25 million (SAR 94 million) in its Series B funding round. Headquartered in Riyadh and b...