With a total of $250 million (AED 918 million), the Mubadala MENA tech funds will capitalise on the growing startup scene in the region while empowering tech talent in the Emirates and across the wider region.
GITEX 2019 to spotlight synergy between human and technology
The region’s annual mega tech events – GITEX Technology Week and GITEX Future Stars – are back and will once again define the innovative ways that advanced technologies and the new generation will reshape the world.
SoftBank backs Abu Dhabi Mubadala’s $400 million European tech fund
Japanese firm SoftBank Group has reportedly provided nearly half of the cash for Abu Dhabi’s state investor Mubadala Investment’s new $400 million European tech fund.
UAE space investments exceed AED 22 billion
The overall investment in the UAE’s space projects exceeded AED 22 billion with more than 10 percent growth rate on projects expenditure during the past two years.
Abu Dhabi’s Mubadala announces $400M European tech fund
Mubadala Investment Company of Abu Dhabi has announced plans to create a $400 million fund to invest in leading European technology companies.
SoftBank appoints ex-Deutsche Bank exec to head Middle East operations
SoftBank Group Corp. is hiring former Deutsche Bank AG executive Faisal Rahman to head operations in the Middle East for …
Japanese tech investor to open Saudi Arabian office
SoftBank is reportedly planning to open an office in Saudi Arabia to further strengthening its ties with the kingdom.
Mubadala to open Abu Dhabi tech hub next year
Mubadala Investment Company has announced that it will establish a technology hub in Abu Dhabi next year in a bid to attract leading tech companies to the oil-rich emirate, its venture capital head said recently.
SoftBank backs Uber’s IPO plans
SoftBank Vision Fund CEO Rajeev Misra has recently spoke out about Uber’s plans to go public pledging full support to the ride-hailing firm’s future plans.
Middle East to pump more cash into SoftBank Vision Fund
SoftBank Group could potentially get more investments from the Middle East as it pushes to reach its $100 billion fundraising target for its private equity fund that aims to target the technology sector.