Browsing: Company

Abu Dhabi, United Arab Emirates, 22 June 2026: Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, today will celebrate International Women in Engineering Day tomorrow with women holding 25 per cent of supervisory positions at the company. EGA achieved the target it set itself back in 2021 to reach 25 per cent gender diversity at supervisory levels by the end of 2025. Women then held just 18 per cent of supervisory roles at EGA. In 2025, more than 200 women joined the company, including 113 UAE Nationals. EGA now employs over 830 women. More than 60 per cent working in operational r

UAE: Umm Al Quwain Free Trade Zone (UAQ FTZ) has introduced its new Company Continuation Programme, designed to provide businesses with a more flexible and cost-effective pathway for growth. The initiative allows existing companies to relocate their operations to UAQ FTZ without losing their business history, brand identity, contractual commitments, or corporate legacy. It is open to foreign companies, UAE mainland firms, and businesses currently operating in other free zones. A key advantage of the programme is that companies can transition to a new operating environment without the need to re-register or establish a new legal entity,

Dubai-based sustainability startup The Waste Lab is expanding its operations across the Emirates, capitalizing on a new federal climate law that transforms food waste management from a corporate choice into a legal requirement. The company, which turns food waste into compost, is seeing a surge in demand as businesses race to comply with new regulations. […] The post UAE’s The Waste Lab Scales Up as New Climate Law Makes Food Waste a Corporate Liability first appeared on MENA Startup Digest.

OpenAI, the $850 billion company behind the viral chatbot, is executing its most significant redesign of ChatGPT since its 2022 launch. The strategic pivot will shift the product’s focus from a consumer-facing conversational assistant to a powerful hub for coding tools and autonomous AI agents, signaling a clear push for higher-margin revenue streams ahead of […] The post OpenAI is Overhauling ChatGPT, Focusing on Enterprise and AI Agents Ahead of Potential IPO first appeared on MENA Startup Digest.

UAE-founded gifting platform Zuvees has secured $1.6 million from IvyCap Ventures as part of its ongoing Series A fundraising round. The fresh capital injection brings the company’s total funds raised to approximately $3.3 million and will be used to advance its AI technology, logistics infrastructure, and international expansion plans. Quick Facts Funding: $1.6 million from […] The post UAE’s Zuvees Banks $1.6 Million to Scale its AI-Powered Global Gifting Platform first appeared on MENA Startup Digest.

Dubbed the “Oscars of Packaging”, Hotpack has been recognised as the only company from the GCC to receive the prestigious award this year. Dubai, UAE – May 19, 2026: Hotpack, a UAE-headquartered global leader in sustainable packaging solutions, has been awarded the prestigious ‘WorldStar Packaging Award 2026’ in the food packaging category, strengthening its position as one of the region’s most innovative and sustainability-driven food packaging brands, shaping the future of responsible manufacturing. Presented at the Interpack Exhibition 2026, one of the world’s leading packaging exhibitions in Düsse

Abu Dhabi, UAE – May 2026: CredibleX today announced its Series A funding round led by Mubadala Investment Company, an Abu Dhabi sovereign wealth fund, with participation from existing investor Further Ventures as part of a broader USD 15 million equity raise. CredibleX is a UAE-based SME licensed lender specialising in providing small and medium-sized enterprises (SMEs) with fast access to working capital through its digital platform. The business has differentiated itself through its focus on embedded partnerships, enabling it to efficiently scale across distribution partners and SME networks. Founded in 2023, CredibleX has grown into

Abu Dhabi, United Arab Emirates, 27th April 2026: Emirates Driving Company, listed on the Abu Dhabi Securities Exchange under the ticker symbol (DRIVE), today announced strong financial results for the first quarter of 2026, reflecting revenue growth, improved profitability, and a strong financial position compared to the same period in 2025. The company;s total revenues increased to AED 189 Mn in Q1 2026, compared to AED 167 Mn in Q1 2025, representing a growth of 13% percent, supported by sustained demand for driver training services and the ongoing expansion of its integrated mobility offerings within a favorable smart mobility market t

Egyptian fintech Lucky has closed a $23 million Series B funding round, a mix of equity and debt, to fuel its expansion into North Africa. The round saw participation from existing and new investors, including Disruptech Ventures, DPI Venture Capital through its Nclude fund, Suez Canal Bank, and OneStop. Quick Facts Funding: $23 million Series […] The post Egypt’s Lucky Raises $23 Million Series B to Scale Consumer Credit Platform in North Africa first appeared on MENA Startup Digest.

Dubai, UAE, March 31, 2026: du, the leading telecom and digital services provider, held its Annual General Assembly Meeting at its headquarters in Dubai Hills Business Park 2, Dubai. At the meeting, shareholders approved the financial statements for the year ended 31 December 2025 and endorsed the Board of Directors; recommendation to distribute a cash dividend of AED 1.8 billion for the second half of 2025. This brings the total cash dividends for 2025 to AED 2.9 billion. With a dividend of AED 40 fils per share for the second half of the year, du’s total cash dividend for 2025 reaches AED 64 fils per share, marking a new benchmark in