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News Inc.Arabia Staff

UAE’s Proptech Stake Raises $14 Million in Series A Round

Stake was founded by Rami Tabbara, Manar Mahmassani, and Ricardo Brizido in 2020.

News Inc.Arabia Staff

Meta Introduces Its First AI-driven Ad Targeting Program

These tools are set to fine-tune advertisement displays to ensure high engagement.

News Inc.Arabia Staff

Rasmal Ventures Introduces 1st Qatari Home-grown VC

The fund will invest in startups at the pre-series A, series A, and series B funding rounds

News Inc.Arabia Staff

Abu Dhabi's Alef Education Garners $515 Million from IPO

Alef is now considered the first education technology company to be listed in the UAE.

News Inc.Arabia Staff

Foreign Investors Secure Majority Shares in Aramco

Aramco had set a price range for its shares between $7.12 and $7.73 but said on Friday it ended up pricing them at $7.27.

News Inc.Arabia Staff

Elevate Wraps Up $5 Million Pre-series A Round

The startup is set to use the money to further expand in the Middle East and Africa.

News Inc.Arabia Staff

UAE Startups Raised $353 Million via Debt Funding in 2023

Magnitt’s 2023 MENA Venture Debt Investment Report: the figure represents a leap of 222% year on year (YoY).

News Inc.Arabia Staff

Etihad Airways, China Eastern to Launch Joint Venture

Travelers can then earn points and miles—and redeem awards—when flying on either airline.

News Inc.Arabia Staff

Nvidia Outperforms Apple in Market Cap

Apple stock was up about 1% in late-afternoon trading on Wednesday to about $196 per share. Nvidia stock was up almost 5% to about $1,220 per share.

News Inc.Arabia Staff

Saudi Arabia Launches National Semiconductor Hub

By the end of this June, Saudi Arabia's Alat, backed by the Public Investment Fund (PIF), is set to collaborate with two prominent US technology companies to advance semiconductor technologies and next-generation infrastructure in the kingdom.

News Inc.Arabia Staff

Google Witnesses Second Massive Leak in Week

It revealed thousands of internal incident reports by employees from 2013 through 2018 describing Google's mishandling of sensitive private information.

News Inc.Arabia Staff

Musk's X Allows Adult Content in New Policy Update

This comes as regulators worldwide pressure platforms to protect youngers from accessing inappropriate content online.

News Inc.Arabia Staff

MENA Food Delivery Achieves $8.7 in Sales per Restaurant

In 2023, residents placed 6% more delivery orders and spent 5% more than the previous year.

News Inc.Arabia Staff

Saudi Perfume Retailer Arabian Oud Enlists Banks for IPO

Arabian Oud was established in 1982 with more than 1200 branches.

News Inc.Arabia Staff

Tumodo Partners with Tabby to Improve Travel Management

This collaboration will see traveltech Tumodo integrate its services into finetch Tabby’s travel management solutions.

News Inc.Arabia Staff

Huawei Cloud Introduces GaussDB Database Solution in KSA

GaussDB is designed to meet the needs of organizations, offering enhanced features and performance without excessive praise.

AI Everything Inc.Arabia Staff

Nvidia Reveals Next-Gen Rubin AI Platform

Nvidia's announcement came ahead of this week’s COMPUTEX technology conference in Taipei.

Startup Inc.Arabia Staff

SiFi Secures $10 Million in Seed Funding

With this funding, SiFi aims to further enhance its offerings in Saudi Arabia.

News Inc.Arabia Staff

Emaar Unveils $410 Million Expansion Plan for Dubai Mall

In April, Dubai announced expansion plans for Dubai World Central - Al Maktoum International Airport (DWC).

Sustainability Inc.Arabia Staff

COP28 Presidency Launches Technical Group

The founding members of the TCC include COP28 UAE, Italy, the US, the UK and the World Bank, among many others.

AI Everything Inc.Arabia Staff

OpenAI Offers Nonprofits Discounts on ChatGPT

OpenAI has been actively targeting large organizations, encouraging them to integrate ChatGPT into their operations.

News Inc.Arabia Staff

MEPRA Introduces Eight Guidelines for Using AI

Founded in 2021, MEPRA is dedicated to promoting growth, excellence, and a strong sense of community among PR professionals.

News Inc.Arabia Staff

MBRIF, AzurX Forge Partnership to Propel Space Innovation

The MBRIF Innovation Accelerator Program was established in 2018 to promote innovation by giving startups access to various business tools, guidance, and support.

News Inc.Arabia Staff

Facebook Sees Surge in Young Adult Users

Facebook, founded in 2004 in a Harvard University dorm room, initially gained widespread popularity across US college campuses, quickly becoming a dominant platform for mass communication.

News Inc.Arabia Staff

Trump Joins TikTok

Trump's decision to engage with TikTok users is aimed at connecting with younger voters as he enters his third presidential bid against Biden in the upcoming elections.

News Inc.Arabia Staff

Ticketmaster Confirms Massive Data Breach

In November, Ticketmaster was allegedly targeted by a cyberattack, causing difficulty selling tickets for Taylor Swift's Era tour.

News Inc.Arabia Staff

Aramco's $12B Share Sale Oversubscribed in Record Time

In May, Saudi Arabia announced that it is planning a multi-billion-dollar share sale in the energy giant Aramco.

AI Everything Inc.Arabia Staff

WWT, NXT Global to Build UAE's 1st AI Integration Facility

The facility will be fully aligned with the recently established Artificial Intelligence and Advanced Technology Council.

AI Everything Inc.Arabia Staff

Saudi Arabia Reportedly Backs Chinese AI Startup

The move comes amidst US-imposed restrictions targeting China's AI sector, including limits on access to advanced AI chips.

News Inc.Arabia Staff

Microsoft’s Copilot Is Now on Telegram

Microsoft introduced the Copilot key to Windows 11 PCs in January 2024, marking the first significant change to the Windows PC keyboard in nearly three decades.

AI Everything Inc.Arabia Staff

OpenAI Thwarts AI Misuse in Covert Operations

In response to these developments, OpenAI announced the formation of a Safety and Security Committee, led by board members including CEO Sam Altman.

News Inc.Arabia Staff

Rethink Education Invests in Saudi Edtech Aanaab

In 2020, Aanaab raised $1.5 million in its seed round led by Wamda and Nour Nouf Knowledge Company.

News Inc.Arabia Staff

Explainer: US Campus Protests, Demands and Deals

Over the past month, demonstrators have gathered in at least 72 US universities to protest Israel's war against the Gaza Strip. What do they want and what have they reached so far?

News Inc.Arabia Staff

Saudi Agritech iyris Raises $16 Million in Series A Round

The Series A funding will fuel iyris' expansion efforts, supporting increased sales coverage and the delivery of its international sales pipeline for SecondSky products.

News Inc.Arabia Staff

Dubai’s Growdash Raises $1.8 Million in Seed Funding

The newly secured funds will fuel Growdash's expansion plans, particularly to tap into the Saudi Arabian market later this year.

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