Vinod Khosla, co-founder of Sun Microsystems and founder of Khosla Ventures, has long been known for his bold and unconventional investments. But his early bet on OpenAI has now become a defining case study in modern venture capitalism—illustrating not just foresight, but a rare willingness to back transformative technology in its infancy. Khosla Ventures invested…
The recent meeting hosted by Dubai Chambers, which welcomed a delegation from the General Confederation of Moroccan Enterprises (CGEM), highlights a promising opportunity for strengthening trade and investment relations between Dubai and Morocco. The discussions primarily focused on fostering collaboration that would help Dubai-based businesses expand into Morocco, while also reinforcing Morocco’s growing role as…
The United Arab Emirates is witnessing a transformative shift in public health priorities, with a growing emphasis on well-being and preventive healthcare. This rising trend has sparked a wave of investments across various industries, ranging from healthcare and technology to real estate and tourism. As more people adopt proactive approaches to health, both the public…
Dubai Police have successfully dismantled a sophisticated international fraud ring involved in deceptive car sales, resulting in the arrest of several suspected gang members. The criminal network, which operated across borders, was targeting unsuspecting individuals through fake vehicle sales, using advanced tactics to scam victims out of their cars and money. The gang’s primary modus…
Dubai has announced a large-scale infrastructure project aimed at transforming its stormwater management capabilities, with a focus on climate adaptation and sustainable urban growth. The emirate is investing AED 1.4 billion in the development of an advanced stormwater drainage system that will support its vision of becoming a resilient, future-ready city. The initiative forms a…
Sharjah Islamic Bank (SIB) has announced a strong financial performance for the first quarter of 2025, posting a net profit of AED 318.9 million. This represents a significant 24.6% increase compared to AED 255.9 million recorded during the same period in 2024, underscoring the bank’s continued momentum and robust operational strategies. The growth in profitability…
Dubai-based heavy equipment management platform Tenderd has successfully secured $30 million in a Series A funding round. The investment will enable Tenderd to enhance its AI-driven solutions, expand its market presence, and further its mission to revolutionize the heavy equipment industry. Innovative Solutions for Heavy Equipment Management Founded in 2018, Tenderd has developed a platform…
Dubai-based fintech startup Stake has raised $14 million in a Series A funding round, propelling the company towards its goal of democratizing real estate investment. The funding will be used to fuel the platform’s expansion and enhance its offerings, making it easier for individuals globally to invest in real estate. Founded in 2021, Stake aims…
Dubai has officially launched Ignyte, a comprehensive digital platform aimed at transforming the entrepreneurial landscape by supporting the growth of over 100,000 startups. The initiative is part of Dubai’s broader vision to become a global leader in the digital economy and innovation-driven industries. Ignyte is designed to be a full-service digital ecosystem that caters to…
In a strategic move underscoring its commitment to global education and diversified investments, Mubadala Investment Company has acquired a stake in Nord Anglia Education, one of the world’s leading premium international school groups. This acquisition forms part of a broader $14.5 billion deal led by a global consortium of institutional investors. Nord Anglia Education operates…
