BusinessLatest Business and Company Updates
Sheikh Mohamed, Musk discuss AI cooperation
President His Highness Sheikh Mohamed bin Zayed Al Nahyan held talks with American entrepreneur Elon Musk, focusing on advances in artificial intelligence and emerging technologies and how cross-border collaboration can accelerate innovation with practical benefits for societies and economies.The meeting underscored Abu Dhabi’s ambition to position itself as a global
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General Catalyst Backs PRYPCO in UAE Property Tech Surge
General Catalyst has led a Pre-Series A funding round in PRYPCO, marking its first investment in a proptech venture in the Middle East. PRYPCO, a UAE-based property technology startup, has so far facilitated over AED 10 billion in mortgages, helped
KKR Deepens Gulf Ties with Stake in ADNOC Gas Network
Global investment giant KKR has acquired a minority stake in the entity leasing Abu Dhabi National Oil Company’s gas pipeline assets, bridging further into the Gulf’s energy infrastructure sphere. The financial terms were undisclosed; key rights and management powers remain
Saudi hotel push targets business travel gap
US-based Patel Family Office and Dammam-headquartered Abdel Hadi A. Al-Qahtani & Sons have signed a $1 billion agreement to build 50 business hotels across Saudi Arabia by 2029, betting that the Kingdom’s fast-growing corporate travel market now needs more standardised
