NEWS
Mubadala Explores $6.3B AI Data Center Investment in Japan
Abu Dhabi's Mubadala Investment Company, through its AI platform MGX, is considering a $6.3 billion investment for an AI data center in Japan. This project involves collaboration with US startup BitGrid and Japanese firm S2.
Indian Fintech Mintoak Acquires Dubai's ICC Loyalty
Indian fintech SaaS firm Mintoak has acquired Dubai-headquartered loyalty technology company ICC Loyalty. This acquisition expands Mintoak's global footprint and enhances its embedded finance solutions.
Dubai Future Foundation and Oxa Launch Autonomous Logistics Venture SHIFFT
Dubai Future Foundation (DFF) and UK-based Oxa have launched SHIFFT, a joint venture focused on autonomous logistics. The new company aims to position Dubai as a global leader in autonomous transport, starting with port and airport operations.
Moove Achieves Unicorn Status with $250M Series C Round
UAE-headquartered mobility fintech Moove raised $250 million in a Series C funding round, valuing the company at $2.1 billion. This investment will fuel the expansion of its autonomous vehicle business globally.
Emirati Startups Develop AI Solutions for Sustainability at MZN Hub71
Seventeen Emirati startups, participating in the inaugural MZN Hub71 program in Abu Dhabi, are developing AI-driven tools for carbon emission tracking and irrigation optimization. This initiative highlights regional innovation in sustainable technology.
TiE Dubai Unveils New Board and Founder Support Programs
TiE Dubai announced its 2026-2027 board and new growth programs to support MENA founders, including TiE Fellows and enhanced youth entrepreneurship. These initiatives aim to strengthen the regional startup ecosystem and mentorship.
Fintech Startup Epic Markets Secures $10M Pre-Seed Funding
UAE-based fintech Epic Markets raised $10 million in pre-Seed funding to build an institutional-grade trading platform for retail investors. This funding highlights investor confidence in advanced trading solutions for the retail market.
UAE's Yango Group Backs Egyptian Fintech Fincart in $2.8M Seed Round
UAE-based Yango Group, through its corporate venture fund Yango Ventures, invested in Egyptian AI-powered e-commerce operations platform Fincart as part of its oversubscribed $2.8 million seed funding round. This demonstrates growing cross-border investment from UAE entities into regional startups.
STARTRADER Introduces SKHY CFD Tracking SK Hynix US Debut
Dubai-based trading platform STARTRADER launched a new US Stock CFD (SKHY), offering clients direct exposure to SK Hynix's US market debut. This expands product offerings from the local fintech company.
MGX-Led Consortium Acquires US Data Centre Operator Aligned for $40 Billion
An Abu Dhabi-led consortium, including MGX (part of G42), completed a $40 billion acquisition of Texas-based data centre operator Aligned. This major buyout signifies substantial UAE investment in global technology infrastructure.
Deep Finance Capital Launches as DIFC's First AI-Native Asset Manager
Deep Finance Capital has launched in the Dubai International Financial Centre (DIFC) as the region's first AI-native asset management company, utilizing a proprietary AI framework. This signifies new fintech innovation entering Dubai's financial hub.
e& UAE and Core42 Unveil Sovereign AI Compute Platform
e& UAE and Core42, a G42 company, have launched a sovereign AI compute platform, significantly advancing the UAE's national artificial intelligence infrastructure. This collaboration provides crucial resources for AI development within the country.
Plug and Play Dubai Accelerator Opens Applications for New Cohort
Plug and Play has launched applications for its three-month flagship accelerator program in Dubai, focusing on key sectors vital for the region's innovation. This provides startups with significant opportunities for growth and corporate collaboration within the Dubai ecosystem.
Middle East M&A Activity Reaches $23.3B in Q1 2026
Middle East mergers and acquisitions totaled $23.3 billion across 196 deals in Q1 2026, showing a regional decline from Q1 2025. The UAE accounted for $2.2 billion across 33 deals.
Khalifa Fund Boosts Enterprise Support with 7 New Programs
Khalifa Fund for Enterprise Development unveiled seven integrated programs to strengthen its financing ecosystem and support enterprise growth. This initiative aims to provide comprehensive assistance for businesses in the UAE.
UAE Rolls Out E-Invoicing Pilot, Clarifies VAT Rules
The UAE launched the voluntary pilot for its Electronic Invoicing System (EIS) on July 1, 2026, mandating structured XML invoices. The Federal Tax Authority also clarified a five-year carry-forward limit for excess input VAT.
Tax Star Approved as UAE E-invoicing Service Provider
UAE-based Tax Star has received pre-approval from the Ministry of Finance to operate as an official e-invoicing service provider. This designation helps businesses, including startups, comply with upcoming e-invoicing regulations in the UAE.
MENA Startups Attract $1.7 Billion in H1 2026
MENA startups raised $1.7 billion in H1 2026, with the UAE securing $1.2 billion (70%) across 83 deals. This demonstrates the UAE's continued dominance in regional startup funding.
Dubai Chambers Partners Wio Bank for SME Banking
Dubai Chambers and Wio Bank signed an MoU to offer streamlined banking services, including account opening and financing, for small and medium-sized enterprises (SMEs). This partnership aims to enhance financial accessibility for the startup and SME community.
Space42 and Skylo Test Direct-to-Device Satellite SMS in UAE
UAE's Space42, in partnership with Skylo Technologies, successfully tested Direct-to-Device SMS and SOS services via satellite on standard mobile devices. This marks a significant step for satellite communication capabilities in the region.