Disrupt.com, a UAE-based venture builder founded by the Gadit brothers, has committed $100 million to drive innovation in AI, cybersecurity, Web 3.0, automotive technology, and retail. Despite a global decline in VC funding, Disrupt.com aims to empower startups with strong organic growth potential, focusing on industries shaping the future.
Sri Lanka will introduce mobile number portability in June, allowing users to retain their numbers when switching operators. The Ministry of Digital Economy is also building 50 new mobile towers to improve connectivity. Other topics discussed include cryptocurrency regulation, personal data protection, and emerging technologies like AI.
du, the Dubai telecom operator, recorded a 49% increase in 2024 net profit, reaching Dh2.49 billion. The company plans expansion into adjacent sectors like data centers and fintech, while launching new sub-brands. Additionally, du aims to offer sovereign cloud and AI services in the UAE by mid-2025.
The UAE’s tech sector is on track for significant growth in 2025, driven by advancements in AI, cloud computing, and blockchain. With substantial investments in digital infrastructure and supportive policies, the UAE continues to attract emerging tech companies, positioning itself as a leading global hub for innovation and digital transformation.
Qatar’s MCIT has launched an initiative to develop a skilled workforce, focusing on digital skills through a dedicated working group. The program addresses the growing demand for expertise in emerging technologies, aligning with the nation’s goals for economic diversification, innovation, and sustainability in the digital economy.
Dubai Internet City will showcase emerging technologies at GITEX Global 2024, highlighting AI-led innovation from over 3,500 tech companies. The event, taking place from October 14-18, will explore real-world AI applications in various sectors, spotlighting startups and established companies driving technological advancement in the UAE.
A new white paper from Dubai Design District and Dubai Media City forecasts the global digital creative economy to reach AED 27 trillion by 2030, spurred by AI, Web3, and VR technologies. The report highlights Dubai’s strategic initiatives to become a global hub for creative industries.
The Communications, Space and Technologies Commission (CST) announced the participation of 21 local and international companies in the second cohort of the Emerging Technologies Regulatory Sandbox (ETS). The sandbox supports entrepreneurs, promotes emerging technologies, and addresses regulatory challenges, targeting sectors like telecommunications, health, and energy with innovative solutions.
