Author: Mahdeehassan

Kerzner International Holdings Limited (Kerzner), an independent developer and operator of luxury hospitality and residential properties, and Sunset Hospitality Group (SHG), a leading multinational lifestyle hospitality group, have entered a strategic joint venture to drive the global expansion of the celebrated Tapasake concept. SHG and Kerzner will join forces to expand the Tapasake brand as a stand-alone lifestyle concept outside the One&Only portfolio for the first time. Building on its existing presence in Dubai, the Maldives, Montenegro, and Mauritius, this joint venture will scale the brand across additional key international destinations, with further global markets currently in development. As part of the…

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The partnership brings secure, sovereign AI agents to mission-critical workflows across the UAE, KSA, and beyond Dubai, UAE – May 26, 2025 – CNTXT AI, a Data and AI enabler driving AI readiness through sovereign infrastructure and high-quality data, has signed a strategic Memorandum of Understanding (MoU) with Beam AI, the leading platform for AI agents. Together, the two companies will deliver secure, scalable, and localized AI agents to power operations and serve enterprise and government sectors in the Gulf. The partnership enables Beam AI to expand into the GCC through CNTXT AI’s trusted infrastructure and data services, while CNTXT…

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Press release: Toolmart, a leading B2B tech startup revolutionising how industrial supplies are sourced and procured in the Middle East, has raised a seed funding round led by Plus VC, the most active MENA VC and Oasis500, alongside prominent regional angel investors. The funding will support the company’s continued growth, expanding its team and increasing its footprints in new markets across the Middle East. Founded in 2022 by Shawkat Shegem, Ahmed Al Hinti, and Nadeem Al Salem, Toolmart was created in response to the co-founders’ firsthand experience with the inefficiencies of sourcing non-direct supplies in a fragmented, largely offline ecosystem.…

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Press release: SC Ventures, Standard Chartered’s innovation, FinTech investment and ventures arm, has signed a strategic partnership with DIFC Innovation Hub to launch the National Venture Studio, a new initiative aimed at accelerating innovation and supporting venture creation across the region. As part of the collaboration, SC Ventures is providing its Venture Building as a Service (VBaaS) model to equip DIFC Innovation Hub with the tools, expertise, and frameworks required to operate and scale the National Venture Studio. This strategic service offering brings SC Ventures’ global venture-building experience to the United Arab Emirates (UAE) leading innovation ecosystem. VBaaS supports the…

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Abu Dhabi, UAE:May 2025 – NMDC Energy PJSC (ADX: NMDCENR), a provider of engineering, procurement and construction services for offshore and onshore energy clients, has announced the signing of a Memorandum of Understanding (MoU) to explore collaboration with Shanghai Hilong Shine New Materials Co. LTD (Hilong), at the Make it in Emirates forum in Abu Dhabi. Headquartered in Shanghai, China, Hilong is a leading company committed to research and development as well as manufacturing related to high-end coating and new materials for industrial heavy-duty anti corrosion. Specifically, this involves: Oil Country Tubular Goods coating and materials, pipeline coating and materials, Concrete Weight…

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Returning to Lisbon, SBC Summit will present a reimagined agenda designed to better serve a global audience, with a powerful new focus on market diversity, technological innovation, and actionable, real-world learning. Building on the success of its Lisbon debut, SBC Summit will return to the Feira Internacional de Lisboa and MEO Arena on 16–18 September 2025. The event will welcome 30,000 attendees to a six-stage, industry-wide conference agenda spanning global and emerging markets, payments, affiliation, player protection, and new hands-on ‘Operator Academy’ workshops. Familiar to last year’s attendees and bigger than ever, the Super Stage will also return to the MEO Arena to spotlight headline sessions from the industry’s biggest names;…

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ElGameya, Egypt’s leading fintech platform digitising the traditional ROSCA savings model, today announced the successful closing of a new 7-figure USD investment round, aiming to accelerate the development of its technology platform. The round was led by AYADY for Investment and Development, with participation from prominent investors, including Jedar Capital, Cubit Ventures, Venture Notes, P-Maestro, and a group of both local and international angel investors. Founded in 2020, ElGameya aims to modernise and streamline the culturally rooted ROSCA (Rotating Savings and Credit Association) model, which is an integral part of the financial culture in Egypt and many other countries. Through…

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Kuwait City – Circle, a fast-growing quick commerce startup founded in Kuwait, has secured $6 million in Series A funding from a consortium of strategic investors, marking a significant milestone in its mission to reshape the future of retail and consumption across the region. Since its inception in 2020, Circle has transformed the marketplace experience, evolving intoto a tech-driven quick commerce brand with the launch of dark stores in mid-2023. This strategic shift has propelled the company to 7x revenue growth in Kuwait over the past two years, driven by its commitment to hyperlocal speed, customer peace of mind, and…

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As the global betting and iGaming industry descends on Malta this June, payments will take centre stage as part of SBC Summit Malta’s dedicated Payments Innovation track. The track, which takes place on Thursday, 12 June at the InterContinental Hotel, will unite payments executives, fintech specialists, and compliance leaders to explore the most pressing challenges and emerging opportunities in payment technology. With sessions on Open Banking, crypto investment, and the future of fraud prevention and KYC, this track equips professionals to navigate regulatory changes, adapt to disruptive technologies, and meet rising player expectations. Discussing the inclusion of the Payments Innovation track at SBC Summit Malta, SBC CEO and founder, Rasmus…

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AUTONOMOUS A2Z secured AV approval in Singapore and proved global scalability by adapting to right-hand drive through K-City testing. Singapore, May 19, 2025 — AUTONOMOUS A2Z, South Korea’s leading autonomous driving technology firm led by CEO Ji-hyeong Han, announced today that it has successfully obtained the Milestone 1 (M1) Vehicle Safety Assessment approval from Singapore’s Land Transport Authority (LTA). This achievement marks AUTONOMOUS A2Z as the first Korean company authorized to operate autonomous vehicles (AVs) on public roads in Singapore under specific designated conditions. In Singapore, autonomous vehicles must pass rigorous Milestone 1 (M1) safety assessments administered by the Centre…

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