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Tech company Polynome Group said it plans to set up a USD 100 mn AI startup fund on the sidelines of the Dubai Centre for AI Applications and National Program for AI’s AI Retreat, Wam reports. The company submitted an application to the Dubai Financial Services Authority, and is set to go live in 1Q 2025 […]
Author Archives: enterpriseam admin
Posted inTech
99% of UAE companies faced identity related security threats in the last year -CyberArk report
Around 98% of UAE organizations have been breached due to phishing and vishing attacks
Posted inSTARTUP WATCH
UAE-based contech Tenderd closes USD 30 mn series A funding round
The round was led by AP Moller Holding and saw the participation of old and new investors
Posted inEARNINGS WATCH
Emirates NBD’s REIT’s net income dips in FY 2023/2024
Gross income jumped to USD 34.5 mn during the quarter
Posted inMOVES
Ithmaar Holding appoints new CEO + Invest Bank CEO resigns
PLUS: Invest Bank CEO hands in resignation
Posted inUAE IN THE NEWS
The UAE will become a global AI heavyweight -AI minister
The UAE could potentially foray into semiconductor production
Posted inALSO ON OUR RADAR
Arabian Hills awards infrastructure contract for AED 22 bn project
PLUS: Kleindienst to establish maritime facility in Ras Al Khaimah
Posted inPLANET FINANCE
Expectations of only one rate cut this year rise as the Fed wraps two-day meeting today
The prediction preceded the Fed’s June meeting, set to end today
Posted inDIPLOMACY
UAE calls for a permanent ceasefire at emergency Gaza meeting in Jordan
Plus: President Mohamed bin Zayed and Nahyan met with Azerbaijan’s Internal Affairs Minister Vilayat Eyvazov
Posted inCALENDAR
JUNE 11-12 June (Tuesday-Wednesday): Ministerial Experience Exchange Forum, Baku, Azerbaijan. 12 June (Wednesday): Alef Education shares begin trading. 15 June (Saturday): Arafat day, national holiday. 16-18 June (Sunday-Tuesday): Eid Al Adha, national holiday. 24 June (Monday): The deadline for shareholders of Ras Al Khaimah White Cement to sell their shares to Ultratech. Signposted to happen […]