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Sovereign AI startup Avelin AI raises pre-seed funding, while DP World expands its trucking fleet
Avelin AI raises pre-seed round Dubai-based Avelin AI has secured USD 3.7 mn in pre-seed funding from angel investors to…
THIS MORNING: A better-than-expected BoP last year + L’imad regroups for deployment
Plus: More bidders are eyeing Mubadala’s Brazil port and Dubai’s GDP was up 2.4% in 1Q
THIS MORNING: The port beyond Hormuz is getting bigger + the UAE’s USD 50 bn investments for Canada are stuck at the gate
Plus: The deadline is pushed back for Orascom-OCI merger
Abu Dhabi’s Bildco buys into food trading in a bet on the UAE’s supply chain priorities
The firm is acquiring a stake in AG Group, which operates 22 warehouses, a 351-vehicle fleet, and has a blue-chip…
THIS MORNING: MGX raises USD 49 bn + UAE-Iran trade is back
Plus: There’s now an easier way to settle commercial disputes through DIFC
AD Ports buys additional 30% of Global Feeder Shipping for AED 1.1 bn
The group exercised its option to acquire an additional 30% stake in Global Feeder Shipping, tightening its grip over what…
The UAE has learned its lesson — there will be no more reliance on the Strait of Hormuz
A new Eastern harbor, a petrochems complex, and a third petroleum pipeline are among the projects currently being studied
THIS MORNING: DP World eyes a return to the US + Dubai Islamic Bank taps debt markets again
Plus: Int’l neobank Revolut has cleared the last formal hurdle before a UAE customer launch
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