Saudi foodtech startup Calo secures $25m in Series B funding
Riyadh-based foodtech startup Calo has raised $25m in a Series B funding round led by Nuwa Capital alongside STV, Khwarizmi Ventures, and regional
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Startup
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Real Estate
UAE’s Seed Group in ‘hospitality tech’ joint venture
South Korean hospitality technology leader ONDA is expanding into the Middle East through a joint venture with UAE-based Seed Group. This move will
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Real Estate
Reportage Group hits $1.5bn in real estate sales
UAE real estate developer Reportage Group has announced sales of $1.5bn, a growth of 50% compared to 2023. The company’s portfolio spans 50
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Real Estate
251 new villas in Dubai South development
Dubai South Properties has successfully completed the first phase of its Pulse Beachfront luxury development. It includes 251 units with a mix of
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Are Microsoft and Apple finally friends?
Apple’s integration of OpenAI’s ChatGPT into its operating systems earlier this year has sparked optimism at Microsoft. CEO Satya Nadella views the partnership
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KSA addresses labour market challenges
Saudi Arabia has been recognised for its leadership in addressing labour market challenges and advancing workforce development, according to a recent report from
Economy
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Elite to build $27m facility at Dubai Industrial City
The UAE-based conglomerate Elite Group Holding has signed an agreement to establish a $27m integrated facility at Dubai Industrial City, a leading manufacturing
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Dubai RTA Awards $5.6bn Metro contract to Turkey & China
Dubai’s Roads and Transport Authority (RTA) has awarded a $5.6bncontract for the development of the Dubai Metro Blue Line to a Turkish and
Economy
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Abu Dhabi and EXIM Bank in trade partnership
The Abu Dhabi Investment Office (ADIO) has partnered with the Export-Import Bank of the United States (EXIM) to strengthen economic ties and promote
Entrepreneur
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Oman Investment Authority acquires stake in Elon Musk’s xAI
The Oman Investment Authority (OIA) has acquired a stake in Elon Musk’s xAI, marking a significant step by the sultanate’s sovereign wealth fund