Real estate sales in the metaverse reached $500m in 2021 and it’s projected to grow at a CAGR of 31 per cent from 2022 to 2028
Damac has established a new division called D-Labs which is led by Ali Sajwani and dedicated to the metaverse initiative
Elon Musk is lining up partners for the acquisition and continues to speak to potential co-investors
The country posted a budget surplus of $545m in the first two months of this year
The nationwide case count has risen to 897,351
The funding will cover the construction of up to 453 villas and 133 townhouses as part of the Phase 1 development of Jubail Island
Data from DSCD shows that Sharjah’s trading sector was the most significant contributor to the emirate’s economy at 23.8 per cent
Rawabi Holdings has established Magnom Properties, the real estate vertical of the company, to oversee the construction of projects in the MENA region
The deal expands Sophos’ adaptive cybersecurity ecosystem to include telemetry from third-party security and IT solutions
Kerzner has assumed management of luxury desert resort Bab Al Shams under Rare Finds, a new vertical that will manage a collection of diverse and unique resorts
Zenda, is the first fintech app that lets parents to pay school fees with pay-now and pay-later options, and unlock rewards for paying on time
The company processed $640bn in payments in 2021
Clones are non-branded cartridges from alternative producers
Kraken has received a Financial Services Permission license to operate a regulated virtual asset exchange platform in ADGM
It includes 28 projects with a specific push on digital transformation measures of services and procedures
The Reno7 5G is now available across GCC for Dhs1799
The state-owned energy company and Austrian chemicals producer plan to sell a 10 per cent stake in their Borouge plastics unit by the end of the quarter
The development of a new housing complex in Al Khawaneej area 2, which will include 1,100 residential villas, was also approved
Egypt hosts abundant solar and wind resources that enable renewable power generation at competitive costs
Mohammed Hilili, general manager at Lenovo Gulf explains how esports gaming will help students develop discipline and teach new skills
Bayut & dubizzle’s director of Data says proptech is reshaping the ways real estate is bought, sold, leased, managed and marketed
When it comes to sustainability, Giancarlo explains why it is an essential element for tech companies and why they need to consider ESG now than ever
The nationwide case count has risen to 896,631
MenaTech Magazine aims to be a dependable Arabic source for the latest trends in technology, and a hub of innovation for the region’s tech community
Etihad aims to reach net zero emissions by 2050
The bank raised its third quarter estimate to $130 a barrel
Gross container volumes increased by 1.7 per cent y-o-y on a reported basis, with Asia Pacific, Middle East, Europe and Americas driving volume growth
It will soon issue Careem cards that can be used at ATMs and merchants, and will also introduce international remittance solutions
While the tech industry is male-dominated, we have seen progress over the last years and increased awareness of the importance of diversity in the industry
Total income increased 3 per cent year-on-year to Dhs6.4bn