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…
Ooredoo Group has reported strong financial results for the first quarter of 2026, with profits rising as demand for telecom and data services continued to grow across several Middle Eastern markets. The company announced that net profit attributable to shareholders increased by 5% compared to the same period last year, reaching more than QR1 billion…
The emergency financial support package introduced by the Central Bank of the UAE has reached nearly $2 billion in assistance since its launch earlier this year in response to regional tensions linked to the Iran conflict. According to recent figures, loan repayment deferrals under the program have climbed to AED6.2 billion (approximately $1.7 billion). The…
Major technology companies including Microsoft, Google, and xAI have agreed to share unreleased AI models with the U.S. government for testing before they are launched to the public. The initiative is aimed at reducing cybersecurity risks and improving safety as artificial intelligence systems become more powerful and widely used. The testing will be carried out…
