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Investcorp Capital, a Bahrain-based investment manager, has successfully raised AED 1.66B ($451M) through the sale of roughly one-third of its shares in an IPO on the Abu Dhabi Securities Exchange. The company, affiliated with Mubadala Investment Company-backed Investcorp, finalised the offering price at AED 2.30 per share, establishing a market capitalisation of approximately AED 5.04B at the time of listing.
Discover the dynamic world of Trescon’s Digital Acceleration & Transformation Expo (DATE) 2023, where innovation meets expertise, shaping India’s technological narrative. Featuring Hon’ble Minister Rajeev Chandrashekhar and visionary insights, this groundbreaking event, inspired by Prime Minister Narendra Modi, converges government bodies, enterprises, tech giants, startups, and global investors. Embrace the forefront of emerging technologies, gain actionable perspectives from over 100 global speakers, and contribute to India’s digital future on November 23-24 at the newly inaugurated Yashobhoomi (IICC Dwarka). Join us in nurturing India’s tech aspirations and scripting a new chapter in the country’s technological evolution.
Dubai Internet City is actively considering the establishment of additional specialised incubators to provide enhanced support to the growing start-up community in the emirate. Ammar Al Malik, a high-ranking executive, unveiled these plans to expand DIC’s existing four innovation centres, which operate within the flagship in5 incubator program, with the specific goal of facilitating market access for emerging businesses.
Zoho’s partnerships with UAE government entities have led to a 36% increase in businesses benefiting from perks since 2022. Through local collaborations, Zoho equips businesses with tools, training, and wallet credits to boost digital presence and productivity. Key sectors include IT, retail, and logistics. At GITEX 2023, Zoho unveils innovative apps and AI tools.
Soom Lite, the UAE’s pioneering vegan GLP-1 beverage, makes its highly-anticipated debut in Dubai. Created in partnership with experts from Imperial College London and Oxford, this award-winning, low-calorie drink offers a unique approach to wellness.
The Sharjah Entrepreneurship Centre, a government-supported organization established in 2016 to nurture the entrepreneurial environment…
Riyadh-headquartered tech startup Rewaa has secured 100M Saudi riyals (approximately $26.6M) through a Series A…
The UAE stands out among Arab nations as an attractive destination for entrepreneurs, especially in…
Dubai Chamber of Commerce has unveiled its strategy to boost the global presence of local…
The UAE’s food tech landscape is witnessing the rise of three promising startups that are…