Author: Arabian Media staff

Venture capital (VC) and private equity (PE) funding in the UAE are projected to more than triple to hit the $2 billion mark by 2024-end – as against the estimated $638 million tech startup funding in 2023 – and accelerate to $2.5 billion next year. The UAE and the GCC are expected to see increased participation from global investors, attracted by the region’s growth potential, favourable regulations, and expanding tech ecosystem. Investment experts, however, foresee a major shift in the funding structure as once-bitten investors looking for safer modes, opting for instruments such as combination of robust cash coupons, contractual…

Lineker says Israel at fault for origins of Gaza conflict, days before tweet furor LONDON: English sports broadcaster Gary Lineker, at the center of a backlash over a social media post, said that Israel is to blame for the origins of the Gaza conflict, because it turned the territory into an “outdoor prison.” Speaking on Friday in an interview at the Football Business Awards days before he was accused of antisemitism over a post on X, Lineker said that his issues are with the Israeli government rather than Jewish people. The BBC’s outgoing “Match of the Day”…

Bahrain’s Al Salam Bank has launched its ‘Workspaces’ portal, aimed to enhance operational efficiency and facilitate financial management for small and medium enterprises. The platform has been designed to meet the needs of Single Person Companies (SPC), family offices, and Micro, Small and Medium-sized Enterprises (MSMEs) and offers full range of secure financial services. Workspaces delivers a number of features while enabling clients to access their company profiles, account details, financing, cards, and Wakala account deposits, as well as manage flexible payments for single and multi-users. An ‘Admin User’ profile can be created on the portal, through which clients can…

When still a cardinal, the new pope led discussions on key issues facing the church during which “every voice had equal value,” whether an archbishop or an unordained believer. Source link

A new UAE free zone is offering easy set up for businesses in the country, including visas within 24 hours, business licences in two hours and paperwork-free set up. Ajman has announced the launch of the Ajman NuVentures Centre Free Zone (ANCFZ), a pioneering new free zone designed to streamline business setup and foster economic innovation. As the UAE’s free zone landscape grows increasingly competitive, Ajman NuVentures Centre Free Zone introduces a fresh approach, making business establishment simpler, faster, and more accessible than ever before. New UAE free zone in Ajman ANCFZ combines strategic geographic access with service offerings tailored…

His suggestion to call the body of water the “Arabian Gulf” has apparently done the impossible: Unite Iranians. Source link

CAIRO: The Syrian government and DP World signed a memorandum of understanding  worth $800 million to develop Syria’s port of Tartous, Syrian state news agency SANA said on Friday, after the lifting of USsanctions cleared the way for the deal. The deal to develop, manage and operate a multi-purpose terminal at Tartous includes cooperation in establishing industrial and free trade zones. DP World is a subsidiary of United Arab Emirates investment company Dubai World. Source link

This represents an impressive year-over-year (YoY) growth of 380 per cent compared to the same period last year, underlining the chamber’s commitment to supporting promising digital startups. Businesses specialising in Artificial Intelligence (AI) and machine learning accounted for 11 per cent of the digital startups supported, followed by Fintech on 9 per cent; Software as a Service (SaaS) on 7 per cent; Technology, Media and Telecommunications (TMT) on 7 per cent; and health tech on 7 per cent. Dubai Chamber of Digital Economy growth During the first nine months of this year, the chamber trained 787 Emiratis on the fundamentals…

The announcement, which did not say when the hostage, Edan Alexander, would be set free, came as President Trump planned to visit the region. Source link

ISTANBUL: Turkiye’s foreign minister was on Thursday meeting with the Russian delegation that is in Istanbul for their first direct peace talks with Ukraine in three years, a ministry source said. “The meeting between Foreign Minister Hakan Fidan and the Russian side, headed by Vladimir Medinsky has started,” the source said of talks taking place at Istanbul’s Dolmabahce Palace. The talks had been announced earlier in the evening by a foreign ministry spokesman. Source link