Business & Money | Thursday 16 October, 2025 9:23 am

University of Dubai launches AED 100 mn 'Dubai Tech X Fund' to empower deep tech, AI startups

The University of Dubai today announced the launch of the ‘’Dubai Tech X Fund'', a AED 100 million investment initiative designed to support startups in deep technology (Deep Tech) and artificial intelligence (AI), as part of a broader strategy to strengthen the innovation and entrepreneurship...

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Business & Money | Thursday 16 October, 2025 9:21 am

EDGE, e& pioneer region’s first Unmanned Traffic Management solution in Abu Dhabi

EDGE, one of the world’s leading advanced technology and defence groups, has signed a contract with e&, a leading global technology group, to implement and operate the region’s first Unmanned Traffic Management (UTM) solution in Abu Dhabi. The pioneering UTM solution will provide...

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Business & Money | Thursday 16 October, 2025 9:19 am

IHC plans strategic AED 120 bn merger of 2PointZero, Multiply Group, Ghitha Holding to create next generation listed investment powerhouse

IHC, a global investment company focused on building dynamic value networks, today announced plans to merge its flagship portfolio companies 2PointZero, Multiply Group, and Ghitha Holding into a single, next‑generation investment powerhouse valued at approximately AED 120 billion, creating one...

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Business & Money | Thursday 16 October, 2025 9:16 am

The Forbes Middle East Sustainability Leaders Summit Concludes By Underscoring The Pivotal Role Of Youth And Technology In Shaping A More Sustainable Economy

 Forbes Middle East concluded the third edition of its Sustainability Leaders Summit, chaired by H.E. Dr. Amna bint Abdullah Al Dahak, the UAE's Minister of Climate Change and Environment, under the theme “Guided by Legacy, Committed to Sustainability” held over two days at the ADNEC...

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Business & Money | Thursday 16 October, 2025 9:14 am

SMC signs SAR 1.1B credit facility agreement with SAB

Specialized Medical Co. (SMC) signed a SAR 1.1 billion Shariah-compliant credit facility agreement with Saudi Awwal Bank (SAB) with competitive terms and conditions, according to a Tadawul statement. The company obtained the credit facility on Oct. 15, which includes long-term facilities worth ...

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Business & Money | Thursday 16 October, 2025 9:12 am

Aviagen launches SAR 750M poultry breeding project in Al-Jouf

The Ministry of Environment, Water and Agriculture announced today the launch of a poultry breeding project in the Al-Jouf region, implemented by Aviagen Saudi Arabia, with investments of $200 million (SAR 750 million). The project aims to localize the poultry breeding industry and strengthen...

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Business & Money | Thursday 16 October, 2025 9:09 am

Al Akaria awards 2 projects in Riyadh for SAR 763.8M

Saudi Real Estate Co. (Al Akaria) announced the award of a SAR 338.78 million (excluding VAT) contract for the Narjis Business Park project in Riyadh’s An Narjis to Saudi Real Estate Construction Co. (Tamear). In a statement to Tadawul, the company said the project included a variety of...

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Business & Money | Thursday 16 October, 2025 9:07 am

Crown Prince launches ‘King Salman Gate’ in Makkah

Crown Prince, Prime Minister and Chairman of Rua Al Haram Al Makki Co. Mohammed bin Salman announced the launch of King Salman Gate, a transformative multi-use development in the holy city of Makkah. Spanning up to 12 million square meters (sqm) of gross floor area adjacent to the holy Grand...

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Business & Money | Wednesday 15 October, 2025 3:25 pm

Riverbed Study: Saudi Spend on AI Initiatives Surges to Around 160% Year-on-Year as Enterprises Strategically Transforming IT Operations in the Kingdom

Saudi organisations are investing heavily in artificial intelligence (AI) and achieving results that position the Kingdom as one of the most advanced markets among seven countries, according to new research by Riverbed, the leader in AIOps for observability. The Riverbed Global Survey 2025: The...

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Business & Money | Wednesday 15 October, 2025 3:14 pm

Sharjah Chamber reviews business support initiatives, discusses enhancing private sector competitiveness

The Board of Directors of the Sharjah Chamber of Commerce and Industry (SCCI) held its 14th regular meeting to review the progress achieved in its 2025 operational plan, overseeing the Chamber’s performance and key initiatives aimed at enhancing private sector competitiveness and promoting its...

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