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Gov’t to invite bids for USD 3 bn worth of PPP infrastructure projects by the end of the year. PLUS: Beltone to launch two new venture funds
The projects include 15 desalination plants with combined investments of USD 3 bn
Paymob secures USD 22 mn in funding
The fresh funds bring the company’s total Series B funding to USD 72 mn
US-based Sultan Ventures acquires homegrown startup investor Acasia Group
The acquisition creates a new US-MENA bridge
Apple, Google lose ongoing battles with EU court, with the two set to pay bns in EUR in fines, taxes
Apple will incur a USD 10 bn one-time tax charge
Apple’s event was all AI
Apple debuted the latest iPhone line, the first of their products designed specifically to accommodate GenAI
Traditional tech struggles as AI boom overshadows sector’s slump
Despite the AI boom offering some respite for tech, the overall recovery of the sector remains uncertain
Auto Jameel to assemble up to 15k GAC cars locally: PLUS: Rameda, Vodafone, Ayadi, Entlaq, ACUD, Raya Foods
The company will initially begin producing at third-party production lines, until it establishes its own independent factory within three years
FlapKap raises USD 34 mn in pre-series A round
The round was led by Dubai’s BECO Capital
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