Author: Mahdeehassan

Beta Lab, a fund and studio specialising in deep tech, was launched with a capital of $300 million on the first day of the Future Investment Initiative (FII) 2024. The fund aims to support the growth of startups and foster cross-border innovation between the Middle East and Southeast Asia, empowering companies to expand their operations and create new opportunities in some of the world’s most dynamic markets. Beta Lab represents a strategic partnership between several influential entities in the fields of innovation and investment, including the Saudi Ministry of Investment, the Research, Development, and Innovation Authority, the Hong Kong Science…

Tarjama, the leading Arabic language technology provider in the MENA region, proudly announces the launch of Pronoia, an advanced large language model (LLM) specifically designed for Arabic enterprise applications. Unveiled by CEO Nour Al Hassan at GITEX Global 2024, Pronoia is poised to revolutionize Arabic AI by providing unparalleled accuracy and contextual understanding in sectors including legal, medical, and business. A Decade in the Making Built on over 16 years of dedicated Arabic linguistics research, Pronoia reflects Tarjama’s mission to bridge linguistic and technological gaps in the Arabic-speaking world. Leveraging proprietary Arabic datasets meticulously curated for accuracy and relevance, Pronoia…

During the FII 8 conference in Riyadh with the endorsement of the Ministry of Investment and in the presence of H.E. Eng. Khalid Al-Falih, Minister of Investment, BIM Ventures and SBI Holding announced the establishment of BIM Capital, a joint venture designed to contribute to growth opportunities across Saudi Arabia and the broader Middle East. BIM Capital will focus on a diverse range of investments, including private equity, venture capital, debt funds, and real estate development funds, positioning itself as a key player in the region’s financial and investment landscape. BIM Capital aims to attract over $200 million (SAR750 million)…

Be part of the ultimate gathering of industry professionals in Dubai Mark your calendars! MENA’s most popular online trading event – iFX EXPO Dubai 2025 – returns to the region, with the latest instalment promising to be the biggest and best one yet. Taking place between January 14-16, 2025, at the Dubai World Trade Centre, the 2+ day exhibition is one of the largest B2B and B2C expos of its kind anywhere in the world, bringing together key players from across the globe. Whether you are a seasoned trader, new to the industry, or a business looking to grow your…

Leading payment solutions provider Checkout.com has released phase two of its fourth annual report on digital commerce in the region, titled “The State of Digital Commerce in MENA 2024: Perspectives from the Leading Edge”. The report features thought leadership and insights from key players at the forefront of MENA’s digital economy who reflect on the dynamics that have shaped e-commerce, fintech, and payments over the past 48 months and the impact they have had on the e-commerce landscape throughout the region. The report affirms that as consumer preference for digital commerce grew, innovation, regulatory developments, and advancements within the payments,…

Dubai – 22 OCT 2024 – CNTXT, a leading AI readiness and data solutions company, signed a partnership with AI71, a growing venture that develops AI applications powered by the Technology Innovation Institute’s Falcon AI models, at GITEX Global this week that will enhance the UAE’s AI data landscape. As part of the agreement, CNTXT will become AI71’s preferred data annotation partner. By focusing on critical areas such as data annotation and strategy, data governance and compliance, and AI readiness, CNTXT will help ensure that AI71 is equipped to maximize the value and impact of the data its AI solutions…

At GITEX GLOBAL 2024, Huawei successfully hosted the HUAWEI eKit Forum under the theme “Together for Growth, Digitalization for Success.” The event served as a platform to launch over 30 new HUAWEI eKit products and showcase upgraded scenario-based solutions designed to bolster the competitiveness of Huawei’s distribution partners and accelerate digital transformation for SMEs across various industries. Huawei underscored its commitment to partner success by highlighting its end-to-end strategic investment in its distribution business, spanning R&D, marketing, sales, supply, and services. This commitment is further reinforced through joint marketing initiatives, comprehensive training programs like the HCSX-distribution professional certification and Golden…

Moonbase Capital, the leading search fund investment firm, today announced the launch of its second investment vehicle, aimed at backing talented entrepreneurs in acquiring and growing small to medium-sized businesses globally. The new $15 million investment vehicle will be spearheaded by Moonbase Capital’s expanded leadership team, Tamer El Bahay and Tarek El Gammal. Both bring decades of experience in operations, finance, and investing across multiple industries. Ibrahim Abdel Rahim, Founding Partner of Moonbase Capital, stated, “We’re excited to launch our second vehicle, targeting larger investments and supporting bigger deals than our first. With an expanded team and increased capital, we’re…

Fuelre4m Makes a Significant Impact at Gitex Summit Dubai, 15th October 2024– Fuelre4m, a proud UAE-based British company, has successfully showcased its revolutionary approach to fossil fuel reforming at Gitex Impact. Managing Director Rob Mortimer presented the company’s pioneering solutions, including the world’s first Styrex technology, which addresses one of the globe’s most pressing pollution challenges: expanded polystyrene (EPS) waste. During his impactful presentation, Mortimer highlighted how Fuelre4m is transforming the energy landscape by reengineering fossil fuels through cutting-edge technology. “Our aspiration is clear: we aim to set a new standard of sustainability for industries worldwide. By refining fossil fuels,…

Leading the Refill Revolution for a Greener Future SunKiss is dedicated to minimising plastic waste and fostering a more eco-conscious beauty routine. The company’s Forever refill bottles are crafted for endless relove. With a focus on the “reuse, refill, relove” approach, this initiative motivates consumers to lower their environmental footprint. One of the first suncare brands to offer refills to your door. Dubai, UAE, October 2024 – SunKiss, a leader in innovative suncare, is proud to introduce its Refill Programme, designed to significantly reduce plastic waste and promote a more sustainable approach to suncare. With SunKiss’s ‘Forever’ Aluminum Bottles, customers…