Tag: UAE

Huawei contributes to building UAE’s first 5G Smart Warehouse

The first 5G Smart Warehouse in the UAE has officially started operating, by the joint efforts between Huawei and a local carrier. This innovative...

Fitch affirms Emirates Development Bank’s ‘AA-‘ credit rating with a stable outlook

Fitch Ratings has affirmed Emirates Development Bank’s (“EDB” or “the Bank”) at ‘AA-‘credit rating, demonstrating the bank’s strong creditworthiness due to its strategic importance...

Sharjah Chamber explores trade and investment opportunities with India

The Indian Business and Professional Council, affiliated with the Sharjah Chamber of Commerce and Industry (SCCI), has conducted an extensive business meeting to discuss...

FAB, Microsoft announce strategic partnership to reshape future of financial services globally

First Abu Dhabi Bank (FAB) and Microsoft will collaborate in developing new AI-based banking capabilities under a strategic business partnership signed today, with the...

Gross banks’ assets increased to over Dh4.1 trillion at end of January 2024: CBUAE

The gross banks’ assets, including bankers’ acceptances, increased by 0.8 per cent, from Dh4.075 trillion at the end of December 2023 to Dh4.109 trillion...

Online Marketplace Spending Skyrockets by 143% During Ramadan in the UAE

Checkout.com forecasts surge in online spending this year among consumers in the UAE in areas like online marketplaces, apparel, and healthcare Trends follow 8.5% growth...

Indian tech firm bets big on growth out of its UAE hub

Recent years have seen a surge in adoption by large enterprises. As competition drives up costs and the global economy slows, companies are re-evaluating...

New UAE bankruptcy law to ensure safer business ecosystem

The new bankruptcy law coming into effect on May 1, 2024 in the UAE is expected to lead to more successful restructuring of insolvent...

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Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million...

Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates...

IIT Madras alumnus-founded deeptech startup Tattvam AI raises $1.7 million in funding

Tattvam AI, a deeptech startup building AI systems to...