Mistral in talks with Abu Dhabi’s MGX to raise $1bn
French AI startup Mistral is reportedly in advanced discussions with investors, including Abu Dhabi’s MGX, to raise $1bn at a $10bn valuation. The
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UAE economy projected to grow 4.4% in 2025
The UAE economy is forecast to expand by 4.4% in 2025 and 5.4% in 2026, according to the Central Bank of the UAE’s
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Sharjah Startup Studio opens applications
Sharjah Startup Studio (S3), the flagship programme by the Sharjah Entrepreneurship Center (Sheraa), has opened applications for its next cohort. The four-month cycle
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UAE digital fertility startup Ovasave raises $1.2m
Abu Dhabi-based startup Ovasave which focuses on addressing women’s health needs has raised $1.2m in pre-seed funding to scale its digital platform for
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Abu Dhabi Finance Week returns in December
Abu Dhabi Finance Week (ADFW), the region’s largest financial event, will return for its fourth edition from 8 – 11 December 2025, doubling
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Salasa raises $30m to expand GCC logistics
Saudi e-commerce fulfilment platform Salasa has secured $30m in Series B funding to accelerate its transformation into a technology-first logistics provider and expand
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Dubai welcomes 9.88m visitors in Q1 2025
Dubai recorded 9.88 million international overnight visitors between January and June 2025, marking a 6% increase year-on-year. This is according to data from
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Dubai Chamber wins sustainability seal for ESG initiative
Dubai Chamber of Commerce has received the ‘Plan to Action: Year of Sustainability Seal’ in recognition of its long-term environmental goals. The award
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Mumtalakat invests in Abu Dhabi’s BlueFive Capital
Bahrain’s sovereign wealth fund, Mumtalakat, has acquired a stake in Abu Dhabi-based private equity firm BlueFive Capital. The investment follows BlueFive’s successful close
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Dubai tops GCC markets with 7.9% July gain
Dubai led GCC equity markets in July 2025 with a 7.9% gain, pushing the Dubai Financial Market General Index’s year-to-date return to 19.4%