Air Arabia reported a decline in first-quarter profit for 2026 as regional airspace closures and operational disruptions affected airline operations across the Middle East. The Sharjah-based airline announced that net profit fell by 22% to Dh278 million during the January to March period, compared to Dh355 million recorded in the same quarter last year. The…
Meridian Ventures has launched a new $35 million investment fund focused on supporting early-stage startups founded by entrepreneurs with deferred MBA backgrounds. The venture capital firm was founded by Devon Gethers and Karlton Haney, who first connected through Harvard’s deferred MBA admission program in 2020. The founders say the firm was created to challenge the…
Flipkart has reportedly paused its plans for an initial public offering (IPO) as ongoing market uncertainty continues to affect India’s technology and startup investment environment. According to reports, the Walmart-owned e-commerce giant has decided to delay discussions related to its stock market listing due to rising volatility in financial markets and growing uncertainty caused by…
Ola Electric has approved a major investment of Rs 2,000 crore into its electric vehicle and battery manufacturing businesses as the company strengthens its focus on localisation and large-scale production. According to a recent regulatory filing, the company’s board approved an investment of Rs 1,500 crore into its subsidiary Ola Electric Technologies and an additional…
Haitham bin Tarik has issued a new Royal Decree establishing an Artificial Intelligence Special Zone in Muscat, marking a major step in Oman’s efforts to strengthen its digital economy and technology sector. According to reports from the Oman News Agency, the new zone will be created under Royal Decree No. (50/2026) and will focus on…
Indian startup Pronto has attracted major investor attention after securing backing from prominent Silicon Valley investor Lachy Groom following a brief 20-minute meeting with the company’s founder. The Bengaluru-based startup received a $20 million investment as part of an extension to its Series B funding round. The latest investment reportedly values the company at around…
A new artificial intelligence startup from Sweden is attracting major attention in Europe’s growing tech industry. Pit, founded by former executives and engineers from companies including Voi, Klarna, and iZettle, has secured strong investor backing as it positions itself in the enterprise AI market. The Stockholm-based startup recently raised $16 million in seed funding led…
Leading South Korean manufacturing and technology companies are investing in Config, a fast-growing startup focused on building data systems for robotics artificial intelligence. The Seoul- and San Jose-based company recently secured $27 million in an oversubscribed seed funding round led by Samsung Venture Investment. The investment pushed Config’s valuation beyond $200 million and increased its…
Oman has announced the launch of the $779 million Musstir Heights luxury residential project in Al Jabal Al Akhdar, marking one of the major real estate developments revealed during the Oman Real Estate, Design & Build Exhibition and Conference 2026. The project, developed by Musstir Company, will be built within the mountainous region of Al…
Qatar Airways has announced the launch of new flight services to Caracas in Venezuela and Bogotá in Colombia starting from July 22, 2026, further expanding its network across the Americas. The airline said the new routes will strengthen connectivity between the Middle East and Latin America, while also improving travel options for passengers connecting through…
