The UAE and the US have signed a Joint Statement of Intent to launch a bilateral cooperation programme focused on accelerating patent granting procedures in the UAE. This cooperation reflects the UAE’s broader strategy to strengthen its intellectual property ecosystem, particularly in industrial property rights.
Startups across the MENA region raised $289m in May, which was a 25% increase from April. The UAE accounted for $86.7m of that total, spread across 14 deals, highlighting its growing role in the region’s innovation ecosystem.
UAE-based Huspy has secured $59m in a Series B funding round led by UK venture capital firm Balderton Capital.
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.
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.
Riyadh-based Lucidya has secured $30m in a Series B funding round, marking the largest AI-focused investment ever raised in the MENA region.
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
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.
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.
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.
Sign up for our free newsletter