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Dubai Funding Roundup: Major Investments Fuel Innovation Across Key Sectors-thumnail

Dubai Funding Roundup: Major Investments Fuel Innovation Across Key Sectors

PC: Office for Students  Dubai remains the sweet apple for investment and innovation, attracting global attention with a dynamic startup ecosystem and sweet policy. Funding activities this week feature the

News

Oct 19, 2024

Yu Raises INR 55 Crore in Series B Funding Round to Accelerate Expansion and Innovation-thumnail

Yu Raises INR 55 Crore in Series B Funding Round to Accelerate Expansion and Innovation

In yet another major development in the instant food and beverage products segment, Yu, an emerging firm in the same space, has managed to raise INR 55 crore in a

Business

Oct 18, 2024

UAE’s Non-Oil Economy Set for 4% Growth in 2025, Boosted by Rising Investment Inflows-thumnail

UAE’s Non-Oil Economy Set for 4% Growth in 2025, Boosted by Rising Investment Inflows

According to the ‘UAE Macro Outlook’ from the National Bank of Kuwait (NBK), the macro outlook for the Emirate’s economy is set to grow 4 per cent by 2025, as

Business

Oct 18, 2024

Dubai-based Gateway Partners Considering Sale of Tim Hortons Gulf Franchise Stake-thumnail

Dubai-based Gateway Partners Considering Sale of Tim Hortons Gulf Franchise Stake

Dubai-based private equity firm evaluates divesting from the Canadian coffee chain after four years. A private equity firm based in Dubai, Gateway Partners, has resolved to offload its stake in

Business

Oct 18, 2024

8i Ventures Exits M2P Fintech Investment with 12x Returns-thumnail

8i Ventures Exits M2P Fintech Investment with 12x Returns

Venture capital firm 8i Ventures has hogged the limelight in the investment world with an eventful exit from M2P Fintech, where it managed to garner a staggering 12x returns after

Business

Oct 18, 2024

Dubai Islamic Bank Launches ACCESS Auto Finance for People of Determination-thumnail

Dubai Islamic Bank Launches ACCESS Auto Finance for People of Determination

Pioneering inclusivity with tailored financing solutions and vehicle adaptations. ACCESS Auto Finance is a customised financial package launched by the largest Islamic bank in the UAE, Dubai Islamic Bank (DIB),

News

Oct 18, 2024

Eruditus raises $150 mln in the Series F funding round led by TPG’s The Rise Fund-thumnail

Eruditus raises $150 mln in the Series F funding round led by TPG’s The Rise Fund

Edtech unicorn Eruditus has closed a Series F funding round, securing $150 million in investments. TPG’s The Rise Fund is leading the investment drive. Existing investors Softbank Vision Fund 2,

Investment & Funding

Oct 18, 2024

Febi.ai Raises $2 Million in Pre-Series A Funding Round-thumnail

Febi.ai Raises $2 Million in Pre-Series A Funding Round

Febi.ai, an accounting and tax management platform, has just closed its $2 million pre-series A funding round with the investment that came from luminaries such as investment house Lumis Partners,

Investment & Funding

Oct 17, 2024

Korea IT Cooperation Centre UAE Launched at Dubai Internet City-thumnail

Korea IT Cooperation Centre UAE Launched at Dubai Internet City

PC: PR Newswire KICC UAE marks South Korea’s first Middle East hub, bolsters tech cooperation at GITEX Global 2024. The National IT Industry Promotion Agency, an agency of the South

News

Oct 17, 2024

WROGN Raises $9 Mn Funding-thumnail

WROGN Raises $9 Mn Funding

PC: Retails Updates Aditya Birla Digital Fashion Ventures Ltd (ABDFVL) raised its stake in direct-to-consumer fashion brand WROGN by 15.74% by way of a fresh investment of around Rs 75

News

Oct 17, 2024

UAE’s e& Inks $1 Billion Cloud Partnership with AWS-thumnail

UAE’s e& Inks $1 Billion Cloud Partnership with AWS

PC: MENAbytes A six-year agreement to drive digital transformation in healthcare, finance, oil, gas, and more. UAE-based telecom giant e& has signed a $1 billion partnership with Amazon Web Services

News

Oct 17, 2024

Emirates NBD Q3 Net Profit Flat Amid Higher Impairment Charges and Investments-thumnail

Emirates NBD Q3 Net Profit Flat Amid Higher Impairment Charges and Investments

PC: Gulf Business  The Dubai-based bank reports unchanged net profit that misses analyst expectations, despite growth both in the asset base and in net interest income. Dubai’s largest bank by

News

Oct 17, 2024


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