{
}
Dubai is set to enhance its electric vehicle (EV) infrastructure with the installation of over 250 new 22-kilowatt AC charging stations in partnership with Parkin Company PJSC and the Dubai Electricity and Water Authority (DEWA) starting in early 2025. These stations will be strategically located in high-density residential areas, with each serving two parking spaces, and payments for parking and charging will be facilitated through Parkin’s mobile app. This initiative aims to promote green mobility, support the Dubai Green Mobility Strategy 2030, and improve urban sustainability.
MENA startups raised $494 million last month, a remarkable 457% increase year-on-year, with Saudi Arabia and the UAE accounting for 92% of the total investment. Saudi startups led with $250.3 million across 25 deals, while the UAE secured $203.5 million from 15 deals. The region's startup ecosystem continues to thrive, with a total of $4.3 billion raised in 2024, a 20% rise from the previous year. Fintech emerged as the dominant sector, attracting $274 million, followed by insurtech at $55 million and logistics at $28.5 million.
FanTV has secured an additional USD 3 million in Series A funding, raising its total to USD 8.5 million. The UAE-based Web3 platform utilizes AI to assist creators in generating music, videos, and podcasts while offering monetization options through creator coins and content tokenization. The new funding will enhance AI tools, attract global creators, and expand user growth strategies.
Etihad Airways has postponed its $1 billion IPO until after the Eid al-Fitr holiday, following a significant profit increase. The airline, owned by Abu Dhabi’s ADQ, reported a net profit of $476 million for 2024, a threefold rise from the previous year, amid ongoing expansion efforts.
Airbus is set to manufacture components for its A400M military transport aircraft in the UAE and will establish maintenance, repair, and overhaul (MRO) facilities along with a training center. This initiative aims to integrate local entities like EPI and Strata into Airbus’s global aerospace supply chain, enhancing its presence in the Middle East.
Deem Finance has secured up to $400 million in debt financing from JP Morgan to enhance its lending capabilities for SMEs and consumers in the UAE. This partnership aims to strengthen Deem's balance sheet and provide tailored financial products to underserved communities, supporting personal and business financing needs. The deal, facilitated by Daman Investments, underscores the growing confidence of international financial institutions in the UAE's financial sector.
UAE businesses are experiencing an increase in orders, signaling growth in the market. However, this positive trend is accompanied by rising costs, which may impact profitability and operational strategies moving forward.
Sandbox Dubai has partnered with the AI Center Hamburg to enhance regulatory innovation and foster international collaboration in technology. Launched in 2024 under the Dubai Economic Agenda (D33), the platform aims to accelerate the adoption of new technologies and establish Dubai as a global business hub. The collaboration will facilitate knowledge sharing and joint projects between innovators and policymakers in both regions.
Al-Futtaim Industrial Equipment has partnered with BYD to launch electric trucks and buses in the UAE, showcasing four models designed for logistics and public transport. The vehicles, including the ETM6 Electric Truck and B12 Electric Bus, produce zero emissions and support the UAE's sustainability goals, with the bus offering a range of 550 kilometers on a single charge. This initiative aims to reduce carbon emissions in the region's commercial transport sector.
Yashish Dahiya, CEO and cofounder of PB Fintech, has settled an insider trading case with the Securities and Exchange Board of India (SEBI) by paying INR 9.43 Lakh. The case involved a $2 million investment by PB Fintech FZ-LLC in YKNP, an outsourced marketing services provider. Dahiya settled without admitting or denying the findings.
ARE
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Dubai to install over 250 new electric vehicle charging stations in 2025
10:17 05.03.2025
mena startup funding reaches 494 million driven by saudi arabia and uae
10:09 05.03.2025
FanTV raises 3 million dollars to enhance AI content creation platform
09:45 05.03.2025
Etihad Airways delays one billion dollar IPO until after Eid al-Fitr
09:05 05.03.2025
Airbus to establish A400M production and MRO facilities in UAE
08:41 05.03.2025
Deem Finance secures 400 million dollars in debt financing from JP Morgan
08:32 05.03.2025
UAE businesses experience increased orders amid rising costs
05:33 05.03.2025
sandbox dubai partners with ai center hamburg to boost global innovation
05:27 05.03.2025
Al-Futtaim and BYD launch electric trucks and buses in UAE
05:00 05.03.2025
pb fintech ceo yashish dahiya settles insider trading case with sebi
18:14 04.03.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
Market Analysis and Predictions
CEO Changes
Banking Regulations
Industry Mergers & Acquisitions
Energy Sector Developments
Global Trade Developments
Startups & Entrepreneurship
Government Policies
Financial Scams and Security
Domestic Politics
Hedge Funds & Private Equity
Supply Chain Management
Central Bank Actions
Workplace Trends
Countries:
Companies:
Tesla, Inc.
Barclays PLC
JPMorgan Chase & Co.
Apple Inc.
UBS Group AG
Capital One Financial Corporation
NVIDIA Corporation
Bank of America Corporation
The Goldman Sachs Group, Inc.
Morgan Stanley
Commerzbank AG
Amazon.com, Inc.
Deutsche Bank RV Global PP
SpaceXCoin USD
Credit Suisse Real Estate Fund Siat
Wells Fargo & Company
Berkshire Hathaway Inc.
Citigroup Inc.
SAP SE
BNP Paribas SA
Currencies:
United States Dollar
Euro
Chinese Yuan
Indian Rupee
Swiss Franc
British Pound Sterling
Vietnamese Đồng
Hong Kong Dollar
Australian Dollar
Singapore Dollar
United Arab Emirates Dirham
South Korean Won
Thai Baht
Norwegian Krone
Danish Krone
Swedish Krona
Russian Ruble
Ghanaian Cedi
Canadian Dollar
Turkish Lira
People: