News Inc.Arabia Staff U-topia Receives $850,000 Investment from GDA Capital The investment will fuel the development of new features and technologies within the U-topia platform.
News Inc.Arabia Staff Bezos Earth Fund Commits $100 Million to AI Climate Solution This initiative aims to support AI technology to tackle the pressing issues of climate change.
News Inc.Arabia Staff WFES Urges Collaboration for 1.5°C Goal This global gathering convenes visionaries, policymakers, and industry leaders to chart a course toward a more sustainable future.
News Inc.Arabia Staff UAE Hit by Record Rainfall Dubai International Airport experienced flight disruptions due to the unprecedented weather condition.
News Inc.Arabia Staff Beltone, Citadel International Forge $30 Million Fund Already in motion, the fund has initiated investments, with transactions completed in recent months.
News Inc.Arabia Staff Estonian Tuum Establishes Regional HQ at ADGM This expansion in the Middle East follows Tuum's recent Series B funding round.
News Inc.Arabia Staff UAE Fintech Fortis Secures $20 Million Series A Funding With this latest financing round, Fortis aims to accelerate its expansion plans.
News Inc.Arabia Staff AstroLabs, Doobi Partner to Enhance Laundry Services in KSA AstroLabs has supported over 1,500 companies across strategic industries in the region.
News Inc.Arabia Staff Meta Announces Temporary Shutdown of Threads in Turkey The suspension is to comply with an interim order from the Turkish Competition Authority.
News Inc.Arabia Staff Adobe Explores OpenAI Partnership to Enhance Video Editing This move comes alongside Adobe's plans to integrate AI-based features into its video editing software, Premiere Pro.
News Inc.Arabia Staff UAE's Spinneys Plans 25% IPO Stake Float in May The pricing mechanism will be determined via a book-building process.
News Inc.Arabia Staff Funding Souq Granted SAMA License for Crowdfunding Platform The Shariah compliant platform facilitates investments in small to medium enterprises.
News Inc.Arabia Staff Penny Software Secures Pre-Series A Funding Penny Software was established in 2020 by Iyad Aldalooj, Majid Aldalooj, and Mohamad Ibrahim.
News Inc.Arabia Staff Hub71 Welcomes Cohort of 25 Startups from 11 Countries Startups joining Hub71's programs will benefit from incentives, cash investments, and mentorship.
News Inc.Arabia Staff Meta Debuts New AI Chip The company is looking at additional hardware solutions as part of a larger bespoke silicon project that includes the new MTIA chip.
News Inc.Arabia Staff Instagram Introduces Automatic Image Blurring Feature Meta announced the development of AI-driven tools designed to combat sextortion scams.
News Inc.Arabia Staff Abu Dhabi Breaks into Top 10 Smart Cities The UAE capital's ascent to the 10th position marks a three-place improvement from the previous year.
News Inc.Arabia Staff Eid al-Fitr Holiday Dates Across Arab Countries The dates for Eid al-Fitr 2024 have been confirmed across most MENA and GCC countries.
News Inc.Arabia Staff UAE Lunate, Saudi Olayan Buy 49% Stake in ICD Brookfield Upon finalization, Lunate, via one of its funds, and Olayan Financing Company will each hold a 24.5% equity interest in ICDBP.
News Inc.Arabia Staff Musk Says Tesla will Unveil 'Robotaxi' on August 8th Musk kept details undisclosed.
News Inc.Arabia Staff Musk's xAI in Talks with Investors for $3 Billion Funding This investment round would value xAI at $18 billion.
News Inc.Arabia Staff Saudi PIF’s SITE Acquires 10% of South Korea-based AhnLab This joint venture focuses on adapting advanced cybersecurity solutions to meet the specific needs of the region.
News Inc.Arabia Staff Indian JSW Energy Raises $600 Million with UAE Backing The injected funds will fortify JSW Energy's capital structure and accelerate its growth endeavors.
News Inc.Arabia Staff Investcorp to Invest $4.2 Billion to Redevelop JFK Airport This strategic move comes through Investcorp Group's recent partnership with Corsair Capital, forming Investcorp Corsair Infrastructure Partners.
News Inc.Arabia Staff Meta to Begin Labelling AI-generated Content in May This move is aimed at addressing concerns about manipulated media and increasing transparency for users.
News Inc.Arabia Staff Roshn Partners with Google Cloud to Harness AI Potential The Saudi real estate developer will utilize artificial intelligence for enhanced data analysis capabilities.
News Inc.Arabia Staff EBRD, Meridiam, and Hassan Allam Team Up for Green Projects This partnership aims to increase private sector involvement in Egypt's power sector and accelerate the country's transition to green energy.
News Inc.Arabia Staff CBI Invests in zypl.ai's AI Fintech Innovations As part of the investment, CBI will hold a seat on zypl.ai's board of directors.
News Inc.Arabia Staff Purplle in Early Talks for $100 Million Funding from UAE ADIA invested more than $50 million in Purplle in May 2023, a move that valued Purplle at $1.1 billion.
News Inc.Arabia Staff valU, Noon Partner to Expand Financial Solutions valU is a buy now, pay later (BNPL) platform.
News Inc.Arabia Staff Virgin Mobile UAE Launches Digital eSIM Journey This eliminates the need to visit physical stores or order traditional SIM cards for delivery.
News Inc.Arabia Staff Microsoft Splits Teams and Office Globally The move came in response to scrutiny from the European Commission, triggered by a complaint from rival Slack in 2020.
News Inc.Arabia Staff Google Mulls Charging for AI-Enhanced Search Features Google is exploring various avenues to monetize its AI-driven search capabilities.
News Inc.Arabia Staff Amazon Invests $4 Billion in Anthropic This latest investment follows Amazon's initial pledge of $1.25 billion in September
News Inc.Arabia Staff Damen and BKN301 Group Launch Damen Cash App The app introduces quick payment options and monthly payment tracking features.