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Apr 2022

With AED 315 billion worth of offers, DEWA’s IPO becomes the largest listing in the region

The initial public offering (IPO) of the Dubai Electricity and Water Authority (Dewa) has been heavily subscribed, with offers totaling Dh315 billion. The IPO is now the largest in the…

Apr 2022

Highlights News

UAE Global Foodtech challenge to award USD 2 million as challenge prize

The second edition of the UAE Global FoodTech Challenge, launched at EXPO 2020, will award $2M to four early-stage agri-tech startups who develop efficient and sustainable plans for the industry.…

Apr 2022

Highlights News

RSA middle east to be fully acquired by Ominvest’s subsidiary firm, NLGIC

Royal Sun Alliance Insurance (RSA) Middle East is set to be fully acquired by Oman International Development and Investment Company’s (Ominvest) subsidiary firm, Gulf insurer National Life and General Insurance…

Apr 2022

Highlights News

Carrefour and Daphni join hands to invest in tech start-ups

Europe’s largest food retailer Carrefour and European venture capital firm Daphni have partnered to launch a new fund to invest in early-stage digital tech start-ups. The new venture capital fund,…

Mar 2022

Highlights News

Streaming giant Netflix acquires game developer Next Games for $72 million

Netflix announces plans to acquire Finland-based mobile games developer Next Games for $72 million. This is Netflix’s second games-related acquisition after the streaming platform bought Night School Studio, a game…

Mar 2022

Highlights News

Dubai Silicon Oasis launches SANDBOX programme to assist early-stage start-ups

Dubai Silicon Oasis (DSO) announced the inception of SANDBOX, the region’s novel start-up program aimed to assist early-stage technology-based startups in raising funds and augmenting their business. The program, which…

Mar 2022

Highlights News

Sustainable Textile market gets huge push with Stand Up! Project, supporting eco-innovative entrepreneurs in the Mediterranean

Four eco-innovative entrepreneurs can get an opportunity to access Mediterranean markets as well as connect with various players in the regional value chain through STAND Up! Project. STAND Up, which…

Feb 2022

Highlights News

SMEs can expect more opportunities from National Bank of Fujairah (NBF) as FDI reaches $4.3 billion in Dubai

The NBF Lite Bank Account launched by the National Bank of Fujairah (NBF) will cater to the needs of start-ups and small-and-medium enterprises (SMEs) operating in the country. With the…

Feb 2022

Highlights News

Saudi Arabia strikes gold; to make $5 billion after selling stakes in Public Investment Fund

Saudi Arabia is set to make about $5bn in dividends over the next three months as an outcome of its plans to sell off stakes in local companies held by…

Feb 2022

Highlights News

Renault, Nissan, Mitsubishi aims to roll out 35 EV models by 2030

The Franco- a Japanese Alliance between car manufacturers Renault, Nissan, and Mitsubishi, is as much about teamwork as about tech, declared the Alliance 2030 conference. The trio announced plans to…

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