Author: Arabian Media staff
Masdar City, Abu Dhabi’s sustainable community and UAE free zone, has introduced two new tailored business packages—Start Lite and Business One. These initiatives aim to attract a diverse array of companies, streamline the business setup process, and support Abu Dhabi’s Vision 2030 in fostering a resilient, innovation-driven economy. Start Lite Package is designed for startups and entrepreneurs, this package offers business setup starting from AED3,500, enabling up to three business activities with a zero-visa quota. UAE free zone Masdar City launches new packages Meanwhile, Business One Package is geared toward established and expanding companies, this package provides setup starting from…
President Trump goes to the Gulf kingdom this week seeking $1 trillion worth of investments in the United States — a sum equivalent to the entire Saudi gross domestic product for a year. Source link
Startups within Hub71, Abu Dhabi’s global tech ecosystem, have secured over AED7 bn ($1.9bn) in funding, achieving revenues exceeding AED4 bn ($1.1bn), according to CEO Ahmad Ali Alwan. Alwan highlighted Hub71’s significant growth, with the ecosystem now hosting more than 300 startups from around the world and has forged 150 partnerships to support these companies in attracting investments, generating revenue, and fostering growth. Alwan revealed that Hub71 has received over 2,500 applications for its programmes, with plans to onboard around 50 new startups by the end of 2024. Hub71 in Abu Dhabi This strong interest, he said, underscores Abu Dhabi’s…
The militant group in Yemen was still firing at ships and shooting down drones, while U.S. forces were burning through munitions. Source link
The UAE’s first federally licensed lottery is just a week away and people in the country are looking forward to the AED100m ($27.2m) prize draw. Find out everything you need to know, from game types and rules to the odds of winning major cash prizes. Also this week, we looked ahead to the 2025 public holiday dates, the Riyadh Metro made its long-awaited debut, Mohamed Alabbar spoke out on ambitions for the future of Noon, off-plan property in Dubai was in the spotlight and more. Catch up with 10 of the best stories this week as selected by Arabian Business…
On Monday, Hamas released the American Israeli citizen, who was serving in the Israeli army when he was captured on Oct. 7, 2023. Source link
Mastercard and Boost, the business-to-business (B2B) commerce platform, partnered to drive the growth of small businesses operating in last-mile fast-moving consumer goods (FMCG) distribution networks. The collaboration will provide digital payment options, embedded credit and integrated supply chain finance solutions to micro, small and medium enterprises (MSMEs). Supporting Mastercard’s goal of bringing one billion people and 50 million MSMEs into the digital economy by 2025, the multi-country collaboration focuses on high-growth markets, starting in Egypt, Kenya, Nigeria, Ghana and South Africa. “Small businesses are the backbone of thriving economies, yet they often face significant barriers to growth. Through our partnership…
The lawmakers introduced resolutions as anger erupted over a series of deals involving the president, businesses linked to his family and several countries. Source link
AI startup Cohere has acquired Ottogrid, a Vancouver-based platform that develops enterprise tools for automating certain kinds of high-level market research. Sully Omar, one of the founders of Ottogrid, announced the deal Friday in a post on X. He didn’t disclose the terms. Ottogrid will sunset its product, according to Omar, but will give customers “ample notice” and “a reasonable transition period.” “We’re very excited to join the Cohere team and integrate Ottogrid into Cohere’s … platform,” Omar said in a statement. “Through our work with Cohere, we’re [going to] dramatically impact how people can automate their workflows, enrich their data,…
A new hub designed to empower young Emirati entrepreneurs has officially launched at Dubai International Airport (DXB). The ‘Emirati District,’ spearheaded by the Federal Youth Authority in collaboration with the Fatima bint Mohammed bin Zayed Initiative (FBMI), marks a significant milestone in the UAE’s National Youth Agenda 2031. This initiative aims to position Emirati youth as global role models while supporting their access to international markets. Strategically located between Concourses B and C in Terminal 3, the Emirati District is set to attract an estimated six to seven million travellers annually. The space serves as a launchpad for small and…