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Join the Gulf Business Business Breakfast on April 23, 2025, at the Metropolitan Hotel Dubai, focusing on technologies driving digital innovation in the region. The event features key speakers from leading companies in telecoms, AI, blockchain, and e-mobility, with discussions on industry transformation and regulatory impacts. Attendees will engage in dynamic panels, keynote speeches, and networking opportunities.
Abu Dhabi has launched 'Madhmoun', a platform designed to enhance property listings and transactions. This initiative boosts property visibility by an average of 70% and ensures that the database reflects the most current information available in the market.
UAE companies are set to benefit from VAT refunds on medical insurance expenses, as healthcare premiums continue to rise significantly. While not all employers cover dependent costs, those that do will welcome the financial relief associated with this VAT-related refund.
Opteam is transforming construction management in the MENA region through AI-driven automation, significantly reducing delays and inefficiencies. Co-founders Ahmed and Dr. Tarek Hegazy leverage their complementary expertise to enhance project tracking and decision-making, targeting the vast amounts of unused construction data. With recent funding, Opteam aims to expand its market presence in the UAE and Saudi Arabia, offering an intuitive platform that simplifies project management and fosters real-time communication on-site.
Warner Bros. Discovery is investing $57 million for a 30% stake in OSN Streaming to enhance its presence in the Middle Eastern entertainment market. This investment follows a multi-year licensing agreement with HBO and exclusive rights to Warner Bros.' film catalog, aiming to boost locally produced content. The region's streaming market is rapidly growing, with revenues exceeding $1 billion in 2023 and projected to surpass $1.2 billion in 2024.
Valeo Health, a healthtech startup specializing in AI-driven personalized healthcare, has secured $12 million in its Series B funding round, bringing its total funding to $20 million. The round was led by Flintera, with participation from existing investors and new backers. The company plans to use the funds to expand its services in Saudi Arabia, the UAE, and other Gulf Cooperation Council countries. Founded by Sundeep Sahni, Nadine Karadag, and Ankur Majumder, Valeo offers at-home healthcare services and personalized treatment plans.
UAE-based AI startup Lumi has secured $3.7 million in seed funding, led by AgFunder, with participation from Forum Ventures, ADQ, Qora71 syndicate, and angel investors. Founded in April 2023 by Ibrahim Ashqar and Tudor Boiangiu, Lumi AI offers generative AI tools for retail businesses to digitize supply chains. The new funding will enhance its conversational analytics platform and support team expansion and feature development.
Abu Dhabi Aviation has signed an agreement with Archer Aviation to introduce the world's first fleet of 'Midnight' electric vertical takeoff and landing (eVTOL) aircraft for air taxis. This initiative is part of Archer’s 'Launch Edition' program, set to commence this year from Abu Dhabi.
UAE construction firm Drake & Scull has significantly reduced its accumulated losses by over Dh2 billion, reporting a net profit of Dh3.76 billion for 2024, a turnaround from a loss of Dh267 million the previous year. This improvement was largely due to a write-back of liabilities amounting to Dh3.79 billion, resulting from a restructuring plan approved by the Dubai Court of Appeal.
The US has added 80 organizations to its export blacklist, with over 50 based in China, to prevent access to advanced computing technologies for military purposes. The restrictions, announced by the Department of Commerce’s Bureau of Industry and Security, target entities involved in high-performance computing, AI, and hypersonic weapons development. China's Foreign Ministry condemned the move as a violation of international law, highlighting the ongoing tensions between the US and China.
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exploring digital innovation at gulf business breakfast in dubai
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09:13 27.03.2025
Abu Dhabi introduces Madhmoun to enhance property visibility and transactions
09:10 27.03.2025
UAE companies to receive VAT refunds on medical insurance expenses
08:39 27.03.2025
opteam transforms construction management with ai driven automation and analytics
07:37 27.03.2025
Warner Bros Discovery invests in OSN Streaming to enhance Middle East presence
06:34 27.03.2025
healthtech startup valeo health secures 12 million in series b funding
06:13 27.03.2025
UAE startup lumi secures 3.7 million dollars in seed funding round
05:50 27.03.2025
Abu Dhabi Aviation to introduce world's first Midnight electric air taxis
05:17 27.03.2025
drake and scull reports net profit after significant restructuring efforts
04:17 27.03.2025
US blacklists 80 firms including over 50 from China for security concerns
03:30 27.03.2025
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