FME Staff

OmniOps Secures Strategic Backing to Launch Bunyan Saudi Arabia’s First Sovereign AI Inference Platform

OmniOps, Saudi Arabia’s AI infrastructure leader, has officially launched Bunyan (بنيان) the Kingdom’s first sovereign inference-as-a-service platform following a strategic endorsement by H.E. Eng. Abdullah Alswaha, Minister of Communications and Information Technology. With significant institutional support and strategic investment, Bunyan is designed to power AI-driven applications across text, vision, and speech, while preserving data sovereignty […]

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Abdulaziz Osman: Redefining Blockchain Utility Through Vision, Integrity, and Innovation

As the Middle East positions itself at the forefront of digital transformation, Abdulaziz Osman, Founder and CEO of BitHash, stands out as a pioneering force in the blockchain ecosystem. His journey—from a self-taught technophile to the helm of one of the region’s most respected crypto mining and blockchain infrastructure companies—is marked by foresight, discipline, and

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Flex League Secures Seed Funding to Transform Padel and Tennis in Saudi Arabia

Flex League, a Saudi-based sportstech startup revolutionizing racquet sports, has raised a six-figure USD seed round led by The Professional Tennis Academy and PAD-L Group. Founded by Ibrahim Akeel, Faisal Sindi, and Mazen Madani, the platform enables players to join flexible competitions, book courts, and track performance all through one seamless digital experience. With nearly

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World’s First Armani-Branded Villas Launch in Ras Al Khaimah on Raha Island

RAK Properties, in collaboration with Giorgio Armani and the SIE Group, has unveiled the world’s first Armani-branded villas on Raha Island in Ras Al Khaimah. The project, named Armani Beach Residences Ras Al Khaimah, will feature ultra-luxury villas and apartments designed personally by Giorgio Armani and his architectural team. Set against the stunning backdrop of

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Tecom Group Posts 22% Profit Surge, Announces Dh400 Million Interim Dividend

Tecom Group has reported a robust 22% year-on-year profit growth for H1-2025, reaching Dh737 million, backed by strong performance across its portfolio of business hubs. Revenue also climbed over 20% to Dh1.4 billion, driven by 95% average occupancy across its properties and 99% occupancy in its land lease portfolio. In line with this performance, the

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BEYOND Unveils PASSO, a Landmark Waterfront Development on Palm Jumeirah

BEYOND Developments, the luxury real estate brand by OMNIYAT Group, has announced PASSO a  bold, sculptural waterfront project located on the West Crescent of Palm Jumeirah. This marks BEYOND’s first venture outside Dubai Maritime City and signals a strategic leap in its vision to shape human-centric, experience-driven spaces. Launched in style with an immersive 4,000-drone

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Tesla Shares Tumble as Musk’s ‘America Party’ Escalates Feud with Trump

Tesla stock plunged 7% after CEO Elon Musk announced the formation of a new political movement—the “America Party” intensifying his ongoing feud with former U.S. President Donald Trump. The fallout from this latest development is being felt directly by investors, as market confidence in Tesla continues to waver. In a weekend statement, Musk revealed plans

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ADX and Budapest Stock Exchange Forge Strategic Pact to Expand ETF and Dual Listing Opportunities

The Abu Dhabi Securities Exchange (ADX) has signed a strategic Memorandum of Understanding (MoU) with the Budapest Stock Exchange (BSE) to boost cross-border market integration and investor access. The agreement, signed in Budapest in the presence of UAE Ambassador to Hungary Saud Hamad Al Shamsi, aims to advance exchange-traded fund (ETF) development, dual listings, and

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AMEA Power Joins Second Phase of Morocco’s Agadir Desalination Project with €250M Investment

AMEA Power, one of the Middle East’s fastest-growing renewable energy companies, has officially entered the second phase of the Agadir desalination project in Morocco, marking its first foray into the water sector in Africa. The expansion, part of a joint venture with Cox, will bring the plant’s capacity to 400,000 m³/day, making it one of

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Saudi’s Sawt Secures $1M to Scale Its AI-Powered Customer Service Platform

Riyadh-based AI startup Sawt has secured $1 million (SAR 3.75 million) in a pre-seed funding round led by STV and T2, as it sets out to revolutionize customer service across the GCC using advanced Arabic-native voice AI. The startup replaces traditional call centers with AI-powered voice agents capable of handling bookings, support, and sales calls

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