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Dubai Weekly Funding Roundup Report: 29th July – 03rd August 2024-thumnail

Dubai Weekly Funding Roundup Report: 29th July – 03rd August 2024

In our weekly funding roundup reports, we bring you the latest and most exciting funding news from the vibrant business landscape of Dubai. This week, we highlight significant investments in

Business

Aug 3, 2024

Five-Year Review: Union Government’s Support to Startups-thumnail

Five-Year Review: Union Government’s Support to Startups

The Union government has supported more than 10,000 technology startups in a massive outlay of Rs 580 crore over the last five years. It has been one such initiative by

Business

Aug 3, 2024

Dubai’s Union Properties turns in Dh18.3 million net profit -thumnail

Dubai’s Union Properties turns in Dh18.3 million net profit 

Dubai-based Union Properties PJSC announced its strong financial results for 1Q 2024, showing a significant recovery and success of operational strategic enhancements of the group. The net profit was posted

News

Aug 2, 2024

Dubai property sales rise to AED49.6 billion in July-thumnail

Dubai property sales rise to AED49.6 billion in July

Record Sales and Transactions The real estate sector of Dubai has hit a new high with never-before-seen sales for the month of July 2024. This surge in property transactions pushed

Business

Aug 2, 2024

Micron to Receive Funds from Indian Gov’t Under Semiconductor PLI Scheme-thumnail

Micron to Receive Funds from Indian Gov’t Under Semiconductor PLI Scheme

The Indian government has initiated the process of disbursing funds to US-based Micron Technology under the production-linked incentive scheme, which is a mega step toward building semiconductor muscle in India.

Business

Aug 2, 2024

TECOM Group Reports Strong Financial Performance for H1 2024-thumnail

TECOM Group Reports Strong Financial Performance for H1 2024

Robust Growth in Net Profit and Revenue Dubai-based TECOM Group has announced its impressive second-quarter and first-half financial results for 2024, with immense increases in net profit and revenues. For

Business

Aug 2, 2024

AamDhanE Raises Investment in Pre-Series A Funding Round-thumnail

AamDhanE Raises Investment in Pre-Series A Funding Round

AamDhanE is a tech-enabled matching and fulfillment platform for blue-collar jobs. It has raised investment in its Pre-Series A funding round from MSDF, TNESSF, and its founders. According to the

Business

Aug 2, 2024

$1 Bn Raised In July By Indian Startups -thumnail

$1 Bn Raised In July By Indian Startups 

In a significant development for the Indian startup ecosystem, startups in the country have together raised over $1 Bn in the month of July this year. Entrackr reported how this

Business

Aug 2, 2024

OZON Pharmaceuticals to Build AED293 Million Manufacturing Facility in Dubai Industrial City -thumnail

OZON Pharmaceuticals to Build AED293 Million Manufacturing Facility in Dubai Industrial City 

Overview of the New Facility OZON Pharmaceuticals has entered into a “musataha agreement” for the establishment of a substantive new manufacturing facility at Dubai Industrial City, in what represents a

Business

Aug 1, 2024

Incubated at IIT-M, Startup Galaxeye Raises $6.5M in Series A Capitals-thumnail

Incubated at IIT-M, Startup Galaxeye Raises $6.5M in Series A Capitals

Chennai, August 1, 2024: GalaxEye Space, an IIT-M incubated space technology startup, today announced that it has raised $6.5 million in Series A funding. It was led by Mela Ventures

Business

Aug 1, 2024

Scimplify Scoops Up $7 Mn in Omnivore Led Series A-thumnail

Scimplify Scoops Up $7 Mn in Omnivore Led Series A

Scimplify, the large sourcing and manufacturing specialty chemicals platform, has raised Rs 59 crore ($7 million) as a part of its Series A funding round. This massive funding round was

Business

Aug 1, 2024

Sonan Bunkers Expands with New Hire in Dubai -thumnail

Sonan Bunkers Expands with New Hire in Dubai 

Dubai Appointment Sonan Bunkers has announced the appointment of Nazrin Farook as bunker trader in its Dubai office, effective August 1. Farook comes from a role as business development executive

Business

Aug 1, 2024


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