Vuz raises $12m to expand video platform
UAE-based immersive video platform Vuz has secured $12m in a pre-Series C funding round to support its growth in Saudi Arabia, the UAE and beyond.
Entrepreneur
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Startup
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RWS Global to expand in Middle East
Live entertainment company RWS Global has announced plans to establish a regional headquarters in Riyadh, marking a major milestone in its Middle East expansion. The move reflects the company’s commitment to supporting the region’s growing investments in entertainment, tourism, sport and leisure. Known for its expertise in sport presentation, immersive destination design, and live events,
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Real Estate
Almal Real Estate expands with Bali project
UAE-based Almal Real Estate Development has announced its international debut with the launch of The One by Almal in Bali, Indonesia. This marks the first step in the company’s 2030 global expansion strategy, with upcoming projects planned in Thailand, Vietnam, the Philippines, Seychelles, and Mauritius.
Economy
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Dubai to host private equity market event
Dubai International Financial Centre (DIFC) has signed a strategic agreement with the International Private Equity Market (IPEM).
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EDB launches growth fund for UAE SMEs
Emirates Development Bank (EDB) has introduced the Emirates Growth Fund (EGF), a multi-million dollar equity platform aimed at boosting the expansion and global competitiveness of UAE-based SMEs that have annual revenues starting from $2.7m.
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ADNOC awards $17bn in H1 contracts to UAE firms
Nearly 400 UAE-based companies secured contracts worth over $17bn in the first half of 2025 from ADNOC, as the energy giant ramps up efforts to drive local economic growth and strengthen national supply chains.
Entrepreneur
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Startup
UK tech firms eye UAE for expansion
Dubai is gaining recognition as a secure and attractive destination for tech startups and investors, according to insights shared at the British Chamber of Commerce Dubai’s (BCCD) recent Tech Business Briefing held at the DIFC Innovation Hub.
Economy
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UAE launches $11bn industrial financing plan
The UAE has announced a five-year plan to provide over $10.89bn in financing support for industrial companies through a coalition of national banks. The move aims to boost the competitiveness and expansion of the country’s industrial sector.
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New UAE blockchain payment partnerships
Ripple has expanded its presence in the UAE by signing strategic agreements with Zand Bank and fintech company Mamo, both of which will adopt Ripple’s blockchain-powered cross-border payments platform.
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MENA IPO activity climbs in Q1 2025
The MENA region recorded a surge in IPO activity in the first quarter of 2025, with 14 companies going public and raising a combined $2.4bn, according to EY’s latest MENA IPO Eye report.