ABU DHABI / WAM In 2022, Hub71, Abu Dhabi’s global tech ecosystem, experienced a remarkable 102% growth in its community, with more than 200 start-ups joining its ranks, including 51 early-stage companies relocating to the UAE’s capital to scale their businesses rapidly. Since its inception, these start-ups have collectively raised nearly AED4.5 billion ($1.2 billion) in venture capital and created ...

ABU DHABI / WAM The central bank of UAE (CBUAE) jointly held a signing ceremony with G42 Cloud and R3 to mark the implementation of the CBUAE Central Bank Digital Currency (CBDC) Strategy, one of the nine initiatives of the CBUAE’s Financial Infrastructure Transformation (FIT) Programme. The CBUAE has engaged with G42 Cloud and R3 as the infrastructure and technology ...

LATAKIA / WAM The Emirates Red Crescent (ERC) is continuing its distribution of humanitarian aid during the Holy Month of Ramadan as part of Operation “The Gallant Knight 2” for those affected by the earthquake occurred last month in Syria. This has been the most important humanitarian initiative by the UAE’s wise leadership for the Syrian people. ERC teams began ...