BusinessLatest Business and Company Updates
$50 Million VC Fund Launched by PIF to Boost Start-ups in UAE, Saudi Arabia
A newly established venture capital fund, backed by Saudi Arabia’s Public Investment Fund (PIF), aims to accelerate the growth of start-ups in the UAE and Saudi Arabia. The $50 million fund targets early-stage companies, with a particular focus on industries such as technology, energy, and health care, aligning with both
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Primrose Capital Secures ADGM Nod to Tap Gulf Family Offices
Primrose Capital Management has obtained in‑principle approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market, positioning itself for full licencing and regional expansion. The firm plans to recruit portfolio‑engineering and client‑coverage specialists in Abu Dhabi and aims
LinkedIn Adopts Microsoft’s Azure Linux for Server Hosting
LinkedIn has transitioned to Microsoft's Azure Linux for its server infrastructure, marking a significant shift in its operating system strategy. The change aligns with LinkedIn's ongoing efforts to streamline its technological stack and optimize performance.The decision to adopt Azure Linux
Sharjah Strikes AED5.5bn Real Estate Milestone in May
Sharjah achieved a total real estate trading value of AED 5.5 billion during May 2025, recording 8,415 transactions across the emirate. The total area traded reached 13.2 million square feet, underlining the emirate’s advancing market strength.Investors conducted 1,574 outright sales deals, accounting for
