Author: Mahdeehassan

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

Ooredoo Kuwait tops industry in profit and revenue growth over five years • Study highlights leadership in digital transformation and rising market share • Ooredoo records highest sector growth, reaffirming operational strength • Strong financial and operational outperformance between 2021 and 2025 • Ranked first in subscriber base across Kuwait’s telecom sector • Leads in profit and revenue growth over five-year period Kuwait, 20th April 2026 – Kuwait’s telecommunications sector continues to demonstrate resilience and steady growth, according to a recent study by Kuwait Investment Company (KIC)

Dubai, UAE – April 2024: G-SHOCK has announced the launch of the GA-2100CM Series, a new addition to the iconic 2100 line, featuring a bold camouflage concept designed to elevate everyday style. The series reimagines the streamlined GA-2100 silhouette with an original G-SHOCK camouflage pattern, bringing a fresh and distinctive visual identity. The design incorporates a metallic print finish, adding depth and sophistication while subtly integrating the brand’s signature G-mark within the pattern. Available in contemporary colour variations, including the GA2100CM-5A and GA2100CM-8A, the collection is designed to complement modern

Reaffirming its commitment to human capital investment in line with Kuwait Vision 2035 Kuwait, 21 April 2026 In continued efforts to advance senior leadership excellence, Burgan Bank announced signing a strategic partnership with the Kuwait Institute of Banking Studies (KIBS), with the Bank participating in the acclaimed Hult Ashridge Executive Program. Expanding on the Bank’s existing partnership with KIBS, the two parties announced their collaboration in delivering the specialized bespoke program in a signing ceremony held at KIBS. This comes as part of Burgan Bank’s leading human capital development strategy in line with