The Venture Capital (VC) firm Wamda on Monday confirmed its $6 million investment in UAE-based automative platform called Seez. This Series A funding of $6 million will enable Seez to grow and access the $10 billion used-automative industry in the UAE and other parts of Middle East and North Africa (MEA) markets. The round of…
The total government spending on information and communications technologies in the Middle East and Africa (MEA) will cross $15 billion by 2023, reports have confirmed. This report was compiled by the International Data Corporation and informed that there has been a renewed interest in the fields of technology, with blockchain and artificial intelligence. In 2018,…
A UAE-based company, Agthia Group, has become the first one from the region to start the production of bottles made entirely from fermented plant sugars. It is worth mentioning that Agthia is the same company which markets the Al Ain brand of drinking water and it is planning to distribute its first-ever shipment in the…
The operating license for the first rector at the Arab’s world’s first-ever nuclear power plant has been issued by the United Arab of Emirates (UAE). The production is expected to start later this year, according to confirmed reports. The name has been decided as Barakah nuclear plant and it will be built in Abu Dhabi.…
The recent coronavirus outbreak has crossed borders of China at an alarming rate and that just might be the reasons why your order still hasn’t turned up. The UAE shoppers are finding it extremely difficult and are having their orders delayed, especially the merchandise ordered from China due to the threat of coronavirus. Altaf Patel,…
The United Arab Emirate’s first-ever floating solar power plant will be operational within a couple of days and it will start producing electricity off the tiny resort islands of Nurai. The pilot facility has the capacity of 80 kilowatts and can pave way for additional such projects in the region. There is no denying that…