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MGX first invested in the firm back in February
Author Archives: enterpriseam admin
Posted inPLANET FINANCE
Second AI wave is making b’naires of some unlikely candidates
While the so-called first wave of AI startups was mainly focused on products and sectors directly linked to the AI boom, the next generation is targeting more applied uses for AI within existing industries
Posted inCALENDAR
JUNE 3-4 June (Wednesday-Thursday): MENA Investor Conference, Ritz-Carlton DIFC, Dubai. 3-4 June (Wednesday-Thursday): MENA Desalination Forum, Conrad Abu Dhabi Etihad Towers, Abu Dhabi. 15 June - 15 September (Monday-Thursday): Dubai Mallathon, Dubai. 17 June (Wednesday): Investopia Global Talks, Tashkent, Uzbekistan. 22-24 June (Monday-Wednesday): The International Glass Manufacturing Show, Dubai. SEPTEMBER 1-3 September (Tuesday-Thursday: Middle East […]
Posted inWHAT WE’RE TRACKING TODAY
THIS MORNING: Dubai Investments Park is still pushing ahead with IPO plans + Bildco looks to Oman for logistics project
Plus: The US’ Cantor secures ADGM approval for regulated financial activities
Posted inTHE BIG STORY TODAY
Why does the UAE care about stablecoins?
Business and retail use cases range from faster, less costly remittances to helping businesses repatriate funds from developing markets
Posted inECONOMY
Another AED 1.5 bn of help coming to Dubai
This package brings total economic relief introduced over the past two months to AED 2.5 bn
Posted inENERGY
Mubadala-owned Acelen locks in USD 1.5 bn for Bahia biofuels refinery project
Plus: Mubadala Energy said it expects to announce a final investment decision within months on its Tangkulo gas development in Indonesia’s South Andaman block
Posted inTech
Core42 secures USD 550 mn from HSBC to scale AI infrastructure abroad
The G42-owned firm will use the funds to accelerate cloud and compute deployments across the US and Europe