Egypt’s Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has inked a US$3 million investment agreement with Egypt-based early-growth stage venture capital fund Foundation Ventures (FV) …
Report: VC in emerging markets plummeted by over 40% last year
Dubai VC investments in emerging markets such as the Middle East and North Africa (MENA) plummeted by over 40% compared to 2023, according to a new report. The data mirrors the wider global trend of …
Middle East-Based Sigma Capital Unveils $100M Fund to Accelerate Web3 Innovations
The fund will focus on DeFi, tokenization, and blockchain infrastructure by managing a portfolio of liquid tokens …
Dubai and Riyadh luxury hotels set high-speed Wi-fi records
Luxury hotels in Riyadh and Dubai have some of the fastest Wi-Fi networks in the Middle East and North Africa (MENA), according to new research by Ookla.
dnata Travel opens new store at Mall of Emirates
Dubai-based dnata Travel has opened a new retail store at Mall of the Emirates, offering a convenient location for travellers to find all their travel needs. The store offers personalised service from …
Middle East Emerges as Growing Crypto Hub Amid 166% Surge in Traders
Middle East sees 166% growth in daily active crypto traders in 2024. UAE leads the region, with $338.7 billion in expected on-chain value in 2024.
UAE: Sharjah Ruler approves establishing honey factory
The facility will produce honey and pharmaceutical and cosmetic materials derived from honey, with the project expected to be completed in October 2025. In its first phase, the factory aims to produce …
‘Changing face of golf as Rahm tees it up in Dubai’
It is an indication of how much the golfing landscape is changing that Jon Rahm is starting his competitive year this week at the Hero Dubai Desert Classic, writes Iain Carter.
Dubai to train 1 billion people from 34 countries in fire safety, offer up to Dh1 million prize
The UAE has launched an ambitious new initiative to train one billion individuals around the world in fire safety and preparedness. The initiative aims to collaborate with 34 countries and 16 major …
This is how much a pint now costs at 11 of Dubai’s top pubs and bars
But with the alcohol tax being reinstated, there’s a renewed focus on the sip to dirham ratio of Dubai’s drinks menus. If you hadn’t already heard, a 30 percent sales tax on hops, grape and other …
Dubai Property Values Rise 27.5% in One Year
Dubai’s residential property market experienced remarkable growth in 2024, with capital gains averaging 27.5% year-on-year. This performance significantly exceeded initial forecasts, according to a …
Most advanced satellite in the region, MBZ-SAT, all set for launch later tonight
Dubai: The Mohammed Bin Rashid Space Centre (MBRSC) today announced that MBZ-SAT, the most advanced satellite in the region, is scheduled to launch later tonight with a 27-minute window opening at …
Malaysia’s Yinson secures deal with investors including Abu Dhabi for US$1 billion funding
MALAYSIAN energy infrastructure firm Yinson Holdings said it has signed an agreement with a consortium of investors for a funding round in its unit that makes vessels used by the offshore oil and gas …
UAE President, New Zealand Prime Minister witness signing of Comprehensive Economic Partnership Agreement
Leg-spinner Yuzvendra Chahal’s maiden six-wicket for India as the hosts beat England by 75 runs in the third and final Twenty20 International …
Abu Dhabi’s ADIA Buys Stake in Canadian Firm in Hedge Fund Push
The Abu Dhabi Investment Authority is buying a minority stake in a Canadian platform that makes it easier to allocate capital to multiple hedge funds.
Abu Dhabi calls on pet owners to register cats and dogs
Abu Dhabi has called on pet owners in the emirate to register cats and dogs in the emirate. The Department of Municipalities and Transport (DMT) is encouraging pet owners to register their cats and …
Sharjah Chamber, Jordanian delegation discuss strengthening trade, investment cooperation
The discussions focused on enhancing private sector communication, increasing investments, and exploring opportunities …