Author: Mahdeehassan

Egypt-born and Saudi Arabia-HQ social e-commerce platform Taager Taager has opened its first supply office in China to strengthen cross-border commerce infrastructure. The move marks a shift from a software layer to a vertically integrated supply chain model. Taager aims to solve early-stage bottlenecks in e-commerce, particularly product sourcing, quality control, and lead times. Founded in 2019 by Abdelrahman Sherief, Ahmed Ismail, Ismail Omar and Mohammed Elhorishy, Taager’s platform enables anyone to start and scale their social e-commerce business by providing products, storage, shipping, and customer collection. The move positions Taager as a full-stack infrastructure provider, not just a marketplace. In…

OMODA & JAECOO has announced a major global milestone at the 19th Beijing International Auto Show, with cumulative sales surpassing 1 million units in just three years since its global debut. Marking the brand’s third anniversary, this achievement positions OMODA & JAECOO among the fastest-growing automotive brands worldwide. At Auto Show 2026, the company further underlined its innovation-led approach with the global showcase of the OMODA 4 and OMODA 7, highlighting a strong product pipeline and reinforcing its positioning as a youth-focused, technology-driven brand gaining traction across key markets, including the UAE. Within a short span of operations in the UAE,…

Dubai, UAE, 28th April; 2026: Dubai’s standing as one of the world’s leading luxury real estate markets is being underlined by sustained demand across key price segments. A new market analysis from the Keturah luxury brand highlights a clear acceleration in developer sales in recent weeks, with strong year-on-year growth in both value and volume despite regional uncertainty. Data from DXBinteract shows that developer sales above AED5 million reached AED25.04 billion between March 1 and April 15, a 21.4% increase on the same period last year, while transaction volumes rose 59.7% to 1,813 deals. The AED5–10 million segment recorded the strongest…

US-based AI infrastructure company VAST Data has raised approximately $1 billion in a Series F round, reaching a $30 billion valuation. The round was led by Drive Capital, with Access Industries as co-lead, and participation from NVIDIA, Fidelity, and NEA. Founded in 2016 by Renen Hallak, VAST Data develops an AI Operating System that unifies data, compute, and real-time processing into a single platform. With presence in Saudi Arabia and the UAE, the funding will accelerate the company’s global expansion, strategic acquisitions, and further development of AI infrastructure systems. Press release: VAST Data, the AI Operating System company, today announced the closing…

UAE-based fintech Comfi has raised $65 million in a pre-Series A round combining equity and debt to scale SME financing across MENA. The equity round was led by Iliad Partners, with participation from Yango Ventures and Raw Ventures. The round also includes a credit facility from Partners for Growth and a mezzanine facility structured by Shorooq, alongside a regional family office. Founded in 2023 by Alisher Akbarov, Amal Abdullaev and Sanjar Samiev, Comfi offers a B2B BNPL solution for SMEs. In June 2024, Comfi secured a $5 million debt facility from an undisclosed Abu Dhabi-based private family office. The funding will support product…

Abu Dhabi, UAE – April 2026: CNTXT AI today announced the launch of Munsit Emirati TTS, a text to speech model designed to generate real time, human-like Emirati Arabic for enterprise and consumer applications. The release comes as voice technology continues to evolve rapidly worldwide, with recent launches from companies such as Google, OpenAI, and ElevenLabs pushing improvements in how AI generated speech sounds and performs. Yet despite this progress, many systems still struggle to reflect how language is actually spoken across regions. Munsit Emirati TTS is built to address that gap. It enables systems to respond in spoken Emirati…

23 April 2026 – Cargo Network Services Corporation (CNS) is gearing up to host its annual Partnership Conference in San Francisco (USA) from 18-20 May 2026. Being held under the theme “Elevating Air Cargo: Partnerships, Progress & Possibilities”, the conference is the premier networking event for the US air cargo industry, bringing together around 700 stakeholders and representatives from across the air cargo value chain. The CNS Partnership Conference combines informative plenary sessions and presentations focused on innovation and challenges in the cargo business, with a variety of networking and social events. CNS Preside

Kuwait, 25 April 2026: Sheikh Mohammed Jarrah Al-Sabah, Chairman of Kuwait International Bank (KIB), announced the Group’s financial results for the first quarter of 2026. KIB Group achieved net profit attributable to shareholders amounting to KD 8 million, which grew by 10% compared to KD 7.3 million. Earnings per share (EPS) stood at 4.61 fils, compared to 4.19 fils for the first quarter of 2025. Total operating income reached KD 24.5 million, reflecting a growth of 13% compared to the first quarter of 2025. Commenting on the latest financial results, Al-Jarrah stated: “The results for the first quarter of 2026 reflect contin

Earnings per share of 44 fils Sheikh Nasser bin Hamad bin Nasser Al Thani: Ooredoo Kuwait delivered a strong performance during the first quarter, driven by growth in service revenues and effective cost management. • The Group continues to focus on advancing its strategic priorities through selective investments. Abdulaziz Yaqoub Al-Babtain: We successfully maintained our leadership position in the Kuwaiti market during the first quarter. • We continue to work at a strong pace to enhance our digital services and strengthen our strategic partnerships. Kuwait City, Kuwait: National Mobile Telecommunications Company K.S.C.

Postponed draws from March 2025 to April 2026 completed over five days Monthly, semi-annual, and annual winners announced and the 2026 Kanz draw schedule introduced Burgan Bank reaffirmed its commitment to transparency and customer trust, confirming all draws are conducted after regulatory approval & under supervision of auditors Kuwait, 26 April 2026 Burgan Bank has concluded the resumption draws for its flagship Kanz account, crowning more than 250 winners – including Kanz’s fourth millionaire – across postponed draws covering the period from March 2025 to April 2026. Conducted over five consecutive days from 19 to 23 Ap