Author: Mahdeehassan

Brands.io, a platform specialising in domain names for AI startups, has secured a seed funding round from investors, just one month after its establishment in Dubai in October 2024, led by Chetan Gera. The platform operates on a business model focused on providing high-quality, customised domain names tailored to meet the needs of companies in the AI sector. Its diverse customer base includes Nasdaq 100 companies, unicorn startups, as well as early-stage companies. This investment will be used to develop the platform, add new technical features, expand into markets in Europe, the Middle East, and Africa, and strengthen its presence…

Muscat, Oman – : Otaxi, a leader in taxi services in Oman and part of ITHCA Group, in cooperation with the Ministry of Transport, Communications and Information Technology (MTCIT) in Oman, announced a strategic partnership with ITHCA Group and global technology leader Yango Group, renowned for its innovative daily services including ride-hailing, cloud technologies, foodtech and Yasmina (AI voice assistance) amongst others. The goal of this partnership between Otaxi and Yango Group is to enhance mobility services, particularly taxi services, contributing to the modernization of the digital infrastructure in Oman and providing sustainable services to support the digital transformation of taxi and…

Dubai Aerospace Enterprise (DAE) Ltd (“DAE”) today announced the signing of lease agreements with Hainan Airlines for four new Boeing 737-8 aircraft, scheduled for delivery in the fourth quarter of 2025 and the first quarter of 2026. Firoz Tarapore, Chief Executive Officer of DAE, said, “We are pleased to further strengthen our partnership with Hainan Airlines. This agreement reflects the strong relationship we’ve developed over the years, and we value their trust in DAE as we remain committed to meeting their evolving fleet needs. The addition of these state-of-the-art Boeing 737-8 aircraft will support Hainan Airlines’ growth and operational objectives.…

Al Masaood Group – one of Abu Dhabi’s leading business conglomerates, is participating in the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) for the 25th consecutive year. The highly anticipated event brings together industry leaders, stakeholders, and key players in the energy sector from 4-7 November at the Abu Dhabi National Exhibition Centre (ADNEC). Al Masaood Group’s participation this year is led by the Al Masaood Projects & Engineering Services Division (PESD), alongside Al Masaood Motor Tech Services and Al Masaood Industries. Located at stands 3430 and 3530 in Hall 3 at ADNEC, the Group’s presence at ADIPEC 2024 will…

Nabt, a pioneering Saudi agritech startup, has successfully closed a SAR5.63 million ($1.5 million) seed investment round in Q3 2024, led by Merak Capital, a technology-focused investment firm, with the participation of key angel investors. This funding will enable Nabt to accelerate product development and expand its market reach, supporting efforts to transform Saudi Arabia’s fresh produce ecosystem. Founded in 2022, Nabt operates a B2B marketplace connecting farmers directly with businesses, promoting transparency, efficiency, and sustainability. These initiatives contribute to food security in the Kingdom and align with the objectives of achieving self-sufficiency in food production. Nabt has been actively…

Dubai-based proptech firm Prypco has raised $10 million in a seed funding round led by Shorooq Partners, with participation from Apparel Group and other investors. The funding, completed in September 2024, will support the two-year-old proptech firm’s plans to scale its operations and expand its offerings. Amira Sajwani, founder and CEO of Prypco, stated that the partnership with Shorooq Partners adds significant value to the company. “We started the company bootstrapped, and we’re very proud of that. Of course, the investment is a great bonus, but we’re particularly happy with the team and have built a phenomenal relationship,” she told…

Dubai – 22 OCT 2024 – CNTXT, a leading AI readiness and data solutions company, signed a partnership with AI71, a growing venture that develops AI applications powered by the Technology Innovation Institute’s Falcon AI models, at GITEX Global this week that will enhance the UAE’s AI data landscape. As part of the agreement, CNTXT will become AI71’s preferred data annotation partner. By focusing on critical areas such as data annotation and strategy, data governance and compliance, and AI readiness, CNTXT will help ensure that AI71 is equipped to maximize the value and impact of the data its AI solutions…

In honour of Breast Cancer Awareness Month, Rixos Hotels has proudly joined forces with lululemon, and Majlis Al Amal, by Al Jalila Foundation, to host a series of impactful wellness events across four of its luxury properties. Hosting events such as Yoga for a Cause and the Ride with Rixos cycling event, each aims to raise awareness, support those affected, and encourage early detection. During October, Rixos The Palm Dubai Hotel & Suites, Rixos Premium Dubai, Rixos PremiumSaadiyat Island, and Rixos Marina Abu Dhabi invite guests to participate in these meaningful activities, blending mindfulness, fitness, and purpose to foster a sense of community and contribute…

JARAS Hospitality, a company specialising in innovative hospitality management solutions, has successfully closed its pre-Seed funding round at SAR2.5 million. This investment marks a significant step in supporting the company’s expansion plans to offer innovative solutions that enhance hotel management and improve operational efficiency in the hospitality sector. JARAS offers an integrated system for managing bookings and units, handling availability and pricing across online booking platforms, providing comprehensive reports for hotel managers, and streamlining hotel operations to deliver a seamless guest experience. The team plans to use the funds from this round to further develop a product to fit in…

Fuelre4m Makes a Significant Impact at Gitex Summit Dubai, 15th October 2024– Fuelre4m, a proud UAE-based British company, has successfully showcased its revolutionary approach to fossil fuel reforming at Gitex Impact. Managing Director Rob Mortimer presented the company’s pioneering solutions, including the world’s first Styrex technology, which addresses one of the globe’s most pressing pollution challenges: expanded polystyrene (EPS) waste. During his impactful presentation, Mortimer highlighted how Fuelre4m is transforming the energy landscape by reengineering fossil fuels through cutting-edge technology. “Our aspiration is clear: we aim to set a new standard of sustainability for industries worldwide. By refining fossil fuels,…