UAE-based proptech startup Huspy raises $59m
UAE-based Huspy has secured $59m in a Series B funding round led by UK venture capital firm Balderton Capital.
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Startup
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Dubai introduces new law to regulate contracting sector
Dubai has issued a new law aimed at regulating contracting activities across the emirate, marking a significant step toward strengthening oversight, transparency, and compliance in the sector.
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Dubai Chamber launches group to boost delivery sector
The Dubai Chamber of Commerce has announced the establishment of the Dubai Delivery Business Group, a new initiative aimed at supporting the growth and development of the emirate’s rapidly expanding delivery services sector.
Entrepreneur
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Startup
Lucidya raises $30m in MENA’s largest AI funding round
Riyadh-based Lucidya has secured $30m in a Series B funding round, marking the largest AI-focused investment ever raised in the MENA region.
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UAE cities top global emerging data centre markets
Abu Dhabi and Dubai have been ranked the world’s top two emerging data centre markets, according to a recent survey. The 2025 Global Data Center Market Comparison assessed 97 global markets across 20 key variables, including power availability, fibre connectivity, land pricing, and development pipeline. Abu Dhabi secured the top spot, with Dubai close behind
Economy
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Dubai Chamber workshop explores CEPA economic impact
The Dubai Chamber of Commerce, in collaboration with the Ministry of Foreign Trade, has hosted a workshop focused on the role of the UAE’s Comprehensive Economic Partnership Agreements (CEPAs) in boosting the local services export sector.
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Startup
Saudi startup TruKKer raises $15m for freight tech expansion
Saudi Arabia-based digital freight platform TruKKer secured $15m in private credit investment from Ruya Partners via its Ruya Private Capital I fund. The funding will support TruKKer’s expansion across regional markets and the advancement of its AI-enabled logistics platform.
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UAE’s BioSapien extends Pre-Series A funding to $8m
UAE-based biotech startup BioSapien has extended its pre-Series A funding round to over $8m, with new investment from VC firm Globivest which joins existing investors including Global Ventures, Golden Gate Ventures, and Dara Holdings.
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Real Estate
Takmeel real estate unveils $0.4bn 2025 development
Takmeel Real Estate Development is entering a new phase with an ambitious $0.4bnproject pipeline set for 2025. The developer plans to launch flagship projects worth $150m in Dubai South and Al Barari, covering over 350,000 sq. ft. in high-growth areas known for natural landscapes and strong investment potential.
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UAE authorities deny golden visas for crypto investors
UAE regulatory bodies have issued a joint statement denying claims that golden visas are granted to digital currency investors.