News Inc.Arabia Staff OpenAI Hires Ex-Meta Executive for Strategic Role Kofman will report to OpenAI Chief Technology Officer Mira Murati and will initially focus on safety and preparedness.
News Inc.Arabia Staff Apple to Launch New iPhones, AirPods, Watches on Sept. 10th The products are expected to be available for purchase starting September 20th.
News Inc.Arabia Staff With This Year's Olympics in the Rearview, the Prep for 2028 Begins Now. The push for public transit expansion in Los Angeles in anticipation of national and global sporting events means millions in contracting opportunities are available to small businesses.
News Inc.Arabia Staff Magellan Capital to Launch $700 Million Hedge Fund in Dubai Magellan, with offices in Dubai, Abu Dhabi, and London, has expanded its staff to over 20 in the past year.
News Inc.Arabia Staff Abu Dhabi Performs First Robotic Kidney Transplant The procedure involved a UAE National donor and recipient, with the recipient diagnosed with end-stage renal failure.
News Inc.Arabia Staff Arabian Mills Schedules Retail IPO for September 18-19 The company plans to offer 30% of its capital, equivalent to 15.39 million shares.
News Inc.Arabia Staff Phoenix Group, Tether to Launch UAE Dirham-Pegged Stablecoin The Dirham-pegged stablecoin, built on a secure blockchain platform, is designed to provide stability and transparency in the digital assets market.
News Inc.Arabia Staff UFG Sets Price Guidance for Nomu Listing The Capital Market Authority (CMA) approved the company’s direct listing application in March.
News Inc.Arabia Staff Thomson Reuters Acquires Safe Sign Technologies Safe Sign Technologies was founded in 2022 by Alexander Kardos-Nyheim.
News Inc.Arabia Staff NoorNation Receives Undisclosed Investment from KBW Ventures This is KBW Ventures’ first investment in an Egyptian startup.
News Inc.Arabia Staff HeroGo Secures Undisclosed Funding from AngelSpark HeroGo recently completed Oraseya Capital’s Sandbox program, receiving a diploma earlier this month.
News Inc.Arabia Staff Mubadala Invests in Yondr to Expand Data Center Presence This move is part of the fund’s strategy to address the growing demand for cloud services and AI technology.
News Inc.Arabia Staff How FDI is Driving Growth in the Digital Media Industry The GCC region, with its strategic position and ambitious visions for cultural and media development, stands out as a key player in this evolving market.
News Inc.Arabia Staff OpenAI Partners with Condé Nast to Enhance AI Content The new feature aims to improve search results by providing users with quick access to news articles.
News Inc.Arabia Staff ADREC Launches First Residential Rental Index for Abu Dhabi The index offers accessible and reliable data on residential properties.
News Inc.Arabia Staff Lenovo Launches AI-Powered Yoga PC Lineup in Middle East The Lenovo Yoga Slim 7x is available in the UAE starting this month, with a starting price of AED 6,499 ($1,769.43).
News Inc.Arabia Staff Dubai’s Lifemart Introduces Negative Price Eco-Bags This move is part of Lifemart’s campaign to combat plastic waste and promote sustainable shopping.
News Inc.Arabia Staff Pakistan’s PostEx Secures $7.3 Million to Expand into GCC The investment will support the startup's planned expansion into the Gulf Cooperation Council (GCC) region, bringing its services to new markets.
News Inc.Arabia Staff Blockchain Centre, Gate Ventures Launch $100Mn Web3 Fund The fund will work with international regulatory authorities to create frameworks that encourage innovation while ensuring user protection.
News Inc.Arabia Staff PIF’s Assets Under Management Surge to $3.47 Trillion The fund also achieved an average annual shareholders' return of 8.7%.
News Inc.Arabia Staff UAE Venture Capital Investments Grow in Q2 2024 This increase was driven by six key transactions that accounted for 60% of the quarter’s total funding.
News Inc.Arabia Staff Al Majed for Oud to Offer 30% of Shares in IPO on Tadawul The subscription to the IPO and the book-building process are scheduled to begin on August 25th.
News Inc.Arabia Staff Real Estate Developer Meteora Acquires Maisour This partnership is expected to attract more investors by lowering the entry barrier and offering mobile-based ownership.
News Inc.Arabia Staff Android Introduces Theft Detection Lock Feature This feature was part of a package of updates announced by Google at its IO 2024 developer conference.
News Inc.Arabia Staff KSA Launches Unified Employment Platform Jadarat The platform was launched by the Minister of Human Resources and Social Development, Ahmed Al-Rajhi.
News Inc.Arabia Staff Asas Nets $320,000 in Pre-seed Funding for Resquad AI The funding round was led by angel investor Abdulrazzaq Mohammed Al-Ansari.
News Inc.Arabia Staff Resal Secures $9 Million in New Funding Founded in 2018, Resal initially launched as a digital gifting platform before shifting in 2021 to focus on digital prepaid cards, rewards, and loyalty solutions.
News Inc.Arabia Staff Mithu Raises $500,000 in Pre-seed Funding The startup was founded in early 2024 by Mohsin Qureshi and Asif Ali.
News Inc.Arabia Staff Yalla Plus Raises $2.7 Million in Seed Round Yalla Plus was founded in 2022 by Abdullah Alrabeh and Bader Alnasser.
News Inc.Arabia Staff Team Falcons Win $7 Million at Esports World Cup The Esports World Cup will conclude with a closing ceremony on August 25th.
News Inc.Arabia Staff Mars to Acquire Pringles Maker Kellanova This marks Mars' largest acquisition to date, surpassing its $23 billion purchase of Wrigley in 2008.
News Inc.Arabia Staff xAI Launches New Grok-2 Model The new models are available to X Premium and X Premium Plus subscribers.
News Inc.Arabia Staff Concacaf, PIF Partner to Boost Regional Football The partnership will also support the expansion of youth championships and provide more opportunities for emerging talents.
News Inc.Arabia Staff Kuwait’s Kem Nets $3 Million Investment from Tether Kem is a P2P payment platform in Kuwait that allows users to send money using a QR code.
News Inc.Arabia Staff Bayanat, Yahsat Launch UAE's First SAR Satellite The satellite has established communication, and initial operations are underway.