Company Insights G42 Artificial Intelligence G42 News Banking & Finance Al Ansari to float 10% stake on Dubai stock market Al Ansari Financial Services has revealed plans to float 10 percent of the company on the Dubai Financial Market. The exchange house is making 750 million shares available through the initial public offering, each valued at one fil, with the subscription period running from March 16 to 24. The listing is scheduled to go live […] March 9, 2023 Markets Abu Dhabi’s G42 to list big data analytics arm Analytics firm Presight, part of Abu Dhabi’s artificial intelligence outfit G42, has announced plans to float on the Abu Dhabi Securities Exchange. Ahead of the AED1.82 billion ($495.6 million) initial public offering, 1.36 billion new shares will be issued, representing 32 percent of the share capital of the company. Shares will be priced at AED1.34 […] March 6, 2023 Tech Abu Dhabi’s AI firm to drive gains for Mercedes F1 team Abu Dhabi-based tech startup G42 and Mercedes-AMG Petronas F1 Team have signed a multi-year partnership that will harness the potential of artificial intelligence (AI). The two entities will explore ways to deploy cutting-edge artificial intelligence software and solutions into the team’s operations to deliver critical insights, Abu Dhabi Media Office said in a statement. The […] February 27, 2023 Dubai ‘ultra app’ acquires Botim ahead of $800m launch Astra Tech, the Dubai-based technology firm, has bought voice calling platform Botim and intends to incorporate it into the “ultra app” it aims to launch later this year. Botim, which was founded in 2018 and also has its headquarters in Dubai, is a VoIP (Voice over Internet Protocol) app that allows users across the Middle […] January 12, 2023 Exclusive Health G42 Healthcare executive hails new era after Amazon tie-up “We want to reach everywhere at scale and at speed.” Many business leaders might say so, but when Dr Fahed Al Marzooqi, chief operating officer of G42 Healthcare, tells AGBI this, he has good reason. G42 Healthcare, a subsidiary of Abu Dhabi-based AI firm G42, recently struck a deal with Amazon’s cloud computing arm – […] November 23, 2022 Tech IPO juggernaut Bayanat eyes driverless vehicle acquisitions Abu Dhabi’s geospatial and data analytics firm Bayanat AI Plc expects its next wave of growth to come from the driverless vehicles segment and is in the market for potential acquisitions. The company this week recorded the best first-day performance of any global stock market listing of at least $100 million this year. It nearly […] November 3, 2022 Dubai ranks as most expensive city for mobile data Dubai has taken the unenviable top spot as the most expensive city for affordability of mobile data, with the average cost of 1GB equating to 0.55 percent of personal disposable income, said a new study. In second place is Auckland with 0.37 percent, followed by Seoul (0.32 percent), Buenos Aires (0.32 percent) and Manila with 0.31 […] August 15, 2022 Analysis Economy Muslims defy pandemic to spend $2trn globally in 2021 Bucking the global trend of tightening the purse strings, the world’s 1.9 billion Muslims spent the equivalent of $2 trillion at the height of the Covid pandemic. This spending reflects an 8.9 percent year-on-year growth from 2020 across a range of sectors offering halal food, pharmaceuticals, cosmetics, fashion, travel, and media/recreation. According to the 2022 […] July 13, 2022 Posts navigation Previous 1 … 9 10
Banking & Finance Al Ansari to float 10% stake on Dubai stock market Al Ansari Financial Services has revealed plans to float 10 percent of the company on the Dubai Financial Market. The exchange house is making 750 million shares available through the initial public offering, each valued at one fil, with the subscription period running from March 16 to 24. The listing is scheduled to go live […] March 9, 2023
Markets Abu Dhabi’s G42 to list big data analytics arm Analytics firm Presight, part of Abu Dhabi’s artificial intelligence outfit G42, has announced plans to float on the Abu Dhabi Securities Exchange. Ahead of the AED1.82 billion ($495.6 million) initial public offering, 1.36 billion new shares will be issued, representing 32 percent of the share capital of the company. Shares will be priced at AED1.34 […] March 6, 2023
Tech Abu Dhabi’s AI firm to drive gains for Mercedes F1 team Abu Dhabi-based tech startup G42 and Mercedes-AMG Petronas F1 Team have signed a multi-year partnership that will harness the potential of artificial intelligence (AI). The two entities will explore ways to deploy cutting-edge artificial intelligence software and solutions into the team’s operations to deliver critical insights, Abu Dhabi Media Office said in a statement. The […] February 27, 2023
Dubai ‘ultra app’ acquires Botim ahead of $800m launch Astra Tech, the Dubai-based technology firm, has bought voice calling platform Botim and intends to incorporate it into the “ultra app” it aims to launch later this year. Botim, which was founded in 2018 and also has its headquarters in Dubai, is a VoIP (Voice over Internet Protocol) app that allows users across the Middle […] January 12, 2023
Exclusive Health G42 Healthcare executive hails new era after Amazon tie-up “We want to reach everywhere at scale and at speed.” Many business leaders might say so, but when Dr Fahed Al Marzooqi, chief operating officer of G42 Healthcare, tells AGBI this, he has good reason. G42 Healthcare, a subsidiary of Abu Dhabi-based AI firm G42, recently struck a deal with Amazon’s cloud computing arm – […] November 23, 2022
Tech IPO juggernaut Bayanat eyes driverless vehicle acquisitions Abu Dhabi’s geospatial and data analytics firm Bayanat AI Plc expects its next wave of growth to come from the driverless vehicles segment and is in the market for potential acquisitions. The company this week recorded the best first-day performance of any global stock market listing of at least $100 million this year. It nearly […] November 3, 2022
Dubai ranks as most expensive city for mobile data Dubai has taken the unenviable top spot as the most expensive city for affordability of mobile data, with the average cost of 1GB equating to 0.55 percent of personal disposable income, said a new study. In second place is Auckland with 0.37 percent, followed by Seoul (0.32 percent), Buenos Aires (0.32 percent) and Manila with 0.31 […] August 15, 2022
Analysis Economy Muslims defy pandemic to spend $2trn globally in 2021 Bucking the global trend of tightening the purse strings, the world’s 1.9 billion Muslims spent the equivalent of $2 trillion at the height of the Covid pandemic. This spending reflects an 8.9 percent year-on-year growth from 2020 across a range of sectors offering halal food, pharmaceuticals, cosmetics, fashion, travel, and media/recreation. According to the 2022 […] July 13, 2022
