Alexander Cornwell
Stories by Alexander Cornwell
Abu Dhabi’s Mubadala to ramp up spacetech, AI investments this year
Mubadala will also invest in healthcare, digital infrastructure, and financing this year.
Dubai’s VC firm Cypher Capital launches $100m digital asset fund
Cypher plans to focus on investing in the Middle East, North Africa and South Asia regions.
Gulf-based buy now, pay later firm Tabby raises $50m to expand in new Arab markets
The transaction has pegged the valuation of Tabby at $300 million.
Mubadala-backed Catalyst Partners ready to raise more funds
The fund was set up by Mubadala and US asset manager Falcon Edge Capital in 2019 with $1 billion in capital.
Indian online education firm Cuemath eyes $100m funding by year-end
The company is targeting a valuation of $1 billion by the end of 2022.
UAE to invest $10b in Indonesia’s sovereign wealth fund
This marks the biggest foreign commitment for the SWF and the first since its February launch.
Abu Dhabi’s Mubadala picks stake in local AI firm Group 42
G42 will transfer ownership of two IT firms it owns to Mubadala.
Uber unit Careem sees speedier-than-expected recovery
Uber bought Careem last year for $3.1 billion.
Uber unit Careem sees ride-hailing recovery next year
Careem shed nearly a third of its workforce as a result of the pandemic.
Dubai-based port operator DP World to delist, return to full state ownership
DP World operates ports around the world, from Hong Kong to Buenos Aires, and is headquartered at its flagship Jebel Ali Port in Dubai.
