Mohamed El-Sewedy acquired Magma via Averroes Ventures

Egyptian sportswear manufacturer Magma has announced its acquisition by Averroes Ventures. Magma offers a distinct value proposition as a local manufacturer with global potential by leveraging...

Dubai Metaverse Strategy to benefit physical, virtual lives of people and businesses

Experts explained that Dubai’s recently announced plan to increase the metaverse’s contribution to the economy to $4 billion by 2030 will benefit the emirate’s overall growth...

Rajeev Chandrasekhar: Fintech driving the innovation ecosystem in India

Speaking at the Fintech Festival India, the Minister of State for Electronics and Information Technology, Skill Development and Entrepreneurship Rajeev Chandrasekhar stated at the Fintech Festival...

Domino’s Pizza’s Indian franchise might take away business from Zomato and Swiggy

Multinational pizza chain Domino’s Pizza’s Indian franchise may consider taking some of its business away from the top two online food delivery platforms, Zomato and Swiggy,...

NFT art collection been announced by the Dubai Racing Club as a “new way to celebrate” horse racing

The Dubai Racing Club (DRC) announced the launch of an NFT (non-fungible token) artwork collection. The art collection is part of the club’s efforts to merge the...

ITC Ltd launched a full stack agritech app ‘ITCMAARS’ to strengthen its agribusiness

Indian conglomerate ITC Ltd launched ITCMAARS (Meta Market for Advanced Agricultural Rural Services), a full stack agritech app, to strengthen its agribusiness vertical. The app will...

Government to weaken safe harbour immunity and hold social media platforms more accountable

The government has not been happy with social media giants because of their lower compliance to takedown notices. The government is now looking to weaken their...

Microsoft’s ‘mixed-reality’ headsets that impressed US Army are now available in the UAE

The technology that wowed the US Army enough to sign a $22 billion deal with Microsoft is now available in the UAE. According to a Forrester...

Hub71’s ‘The Outliers’ startup programme will feature tech challenges from five top Abu Dhabi firms

This year’ edition of ‘The Outliers’ Hub71’s annual program designed for tech startups will feature seven challenges this year from five leading organisations, including Aldar, the...

Walmart is acquiring Memomi, an AR startup powering virtual try-on for eyewear