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![Spanish EOS-X SPACE to launch space flights from Abu Dhabi next year](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
By 2029, the company seeks to achieve a turnover of $1.127 billion and a gross profit of $324 million
![UAE launches inaugural AI challenge, winner to receive $150,000](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Challenge invites startups to propose AI solutions for different sectors including cybersecurity and GenAI in banking and finance
![UAE-based startups lead MENA region in funding in June, securing $82.5 million across 15 deals](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
MENA startups raised $116 million in June 2024, bringing H1 total to $882 million
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Business incubator program seeks to inspire development of impactful AI use cases that leverage Meta’s open-source AI stack
![Mohammed Al Naimi, CEO of ACT Group, optimistic about evolving business landscape in Saudi Arabia](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20614'%3E%3C/svg%3E)
Increasing competition, new technologies will help raise quality of products and services offered in the market
![ATM 2024 returns next week in Dubai, with over 41,000 attendees expected](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The event will feature over 2,300 exhibitors from more than 165 countries and is set to welcome new destinations
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Al-Jubeir noted the increase in new startups that Saudi youth have founded, and their contributions to the job market
![Abu Dhabi’s ADQ, Oman Investment Authority launch $180 million technology-focused fund](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Jasoor Fund propels digital transformation and technological advancement across the region
![Saudi Arabia’s startups raise $198 million in March 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
SaaS providers dominate region's investment landscape
![Oman’s fund to invest $4.7 billion in large-scale projects over next 5 years](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Supporting economic diversification in line with Oman Vision 2040
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Dubai World Trade Centre will host ATM 2024 from May 6 to 9, 2024
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Promoting entrepreneurship with focus on women-led businesses
![ATM 2024: Sustainability, startups and innovation in aviation sector on the agenda](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
ATM 2024 will take place from May 6 to 9 at the Dubai World Trade Center
![Investopia 2024 strengthens UAE-South Korea economic partnership across sectors](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Two new MoUs signed by four UAE and South Korean institutions
![LEAP 2024: Takamol Holdings launches $53 million investment fund to empower tech startups](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The initiative seeks to advance tech sectors in the Middle East and Africa
![Dubai Future District Fund spotlights economic growth, innovation and sustainability at annual general meeting](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Showcasing collaborative efforts to drive economic growth and foster tech startups in Dubai
![Qatar to invest $10.85 billion in French start-ups](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The deal covers various sectors such as energy, artificial intelligence, health, and hospitality
![Exclusive: Dr. Amr Talaat, Egypt’s Minister of Communication and Information Technology, on expanding the country’s ICT market](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Enhancing Egypt as a strategic offshoring destination and building a digital society
![SEF 2024: Invest in Sharjah, SAEED highlight Sharjah’s investment opportunities](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Two key players share a joint commitment to empower startups and entrepreneurs
![Aramco boosts investment in Aramco Ventures: Doubling capital to $7 billion](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Fueling the startup ecosystem
![Dubai unveils Oraseya Capital in support of tech startups](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
New VC fund is worth $136 million
![Economy Middle East Tips: Mistakes startups need to avoid](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20684'%3E%3C/svg%3E)
Competition is not the main reason why 9 out of 10 startups fail
![Expand North Star 2023 puts the limelight on AI and global startups](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Power of new tech and the need for better regulation, among things discussed