New collaboration in the intelligent automation industry: Market leader VDA Group acquires 53% of US-based Telkonet

VDA Group, an Italian multinational operating in the field of Guest Room Management Systems (GRMS) designed for the Hospitality industry, has acquired 53% of the shares of Telkonet, Inc., a US-based company listed on the OTC market and operating in the field of Energy Management Systems (EMS). The new Group – with 7,000 properties and 2,450,000 products […]

Verofax secures $1.5M in pre-Series A to expand its Traceability as a Service Offering

 Verofax Limited, an Asset Digitization and Traceability solutions provider, today announced closing a $1.5M pre-Series A round by international investors led by Benson Oak Ventures, with 500 Startups, Wami Capital and Vernalis Capital completing the group. Verofax utilizes patented technology incorporating Blockchain, Augmented Reality and Artificial Intelligence to provide ‘Traceability as a Service’, enabling brands […]

Avrilar Sponsors Blockchain Domains for Metaverse Education Platforms Through NexBloc

Avrilar, the immersive device and application management platform for enterprises and institutions, will provide .lern domains free for a limited time through the NexBloc bDNS platform. Avrilar makes virtual and augmented reality learning and training more manageable by providing a SaaS-based platform for cross-device integration and application flow. In addition, Avrilar is deploying .lern domains […]

Microsoft for Startups celebrates GrowthX Accelerator’s first cohort graduates from across MENA

Microsoft, in partnership with the Abu Dhabi Investment Office (ADIO), concluded the first cohort of its GrowthX Accelerator program in the UAE with a virtual graduation event. A key component of a larger strategic partnership between ADIO and Microsoft to empower entrepreneurs, the GrowthX Accelerator first cohort celebrated its completion in December 2021 with 105 […]

Fourth Axis high-impact technology conference at Expo 2020 demonstrates the power of partnerships

On 10 January 2022, Axis Communications successfully concluded its fourth conference at Expo 2020 in Dubai. At the event, the global security and surveillance innovator shared insights on what strategic partnerships can mean for business innovation, growth, and opportunity in today’s evolving business environment. Taking place at the expo’s Sweden Pavilion, Axis provided a welcoming […]

Elevate-VI start-up pitching series continues to mesmerize global investors

Fifteen Start-ups from India and the UAE showcased their innovative ideas across various sectors to global investors yesterday at the Elevate-VI pitching series, supported by HSBC, held in Dubai. The session was attended by investors from leading firms including Oman Technology Fund, Danube Group, Tristar Group, Blue Diamond, Jacky’s Group, London Capital, Al Maya Group, […]

International Islamic Trade Finance Corporation (ITFC) Tops Bloomberg 2021 Global Islamic Financing League Tables as #1 Bookrunner and Mandated Lead Arranger

International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) has emerged on top of the Bloomberg 2021 Islamic Financing League Tables as the Global leader as Bookrunner and Mandated Lead Arranger (MLA). The 2021 Global Islamic Financing League Tables released by Bloomberg showed that ITFC is the top Bookrunner and MLA ahead of International and Regional Banks. […]

DCD organises training and capacity-building programme on mainstreaming disability in policies and programmes

The Department of Community Development (DCD) in Abu Dhabi, in cooperation with World Enabled consulting group, a pioneer in the field of disability inclusive development, organised a training and capacity-building programme titled “Mainstreaming Disability in Policies and Programmes”, which comes as part of the initiatives of the empowerment pillar that is led by DCD within […]