Monthly Archives: January 2026

Real Estate

Sobha Realty Concludes FY 2025 with AED 30 Billion in Sales, Marking 30% Growth Over 2024

Dubai, 21 January 2025: Sobha Realty, a leading global luxury real estate developer renowned for its commitment to exceptional quality and innovation, has announced its year-end sales figures for FY 2025 a total AED 30 billion, cementing the company’s status as one of the most influential real estate developers in the Gulf.  

Driven by a series of landmark achievements across sales performance, masterplan development, sustainability, and international expansion, the 2025 sales figures represent an uptick of 30 per cent year-on-year. The increased growth reflects sustained momentum in the UAE’s luxury real estate market and the strength of Sobha Realty’s diversified portfolio. A significant portion of this strong performance came from the company’s expanding footprint in Umm Al Quwain (UAQ), with AED 8 billion in sales from Downtown UAQ | Sobha Realty and Sobha Siniya Island.  

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Real Estate

Al Hamra Raises the Bar with RAK’s Biggest single unit Residential Deal USD 35.4 million (AED 130 million)

Sky Palace sale at Waldorf Astoria Residences, positions Al Hamra at the forefront of RAK’s luxury market.

Ras Al Khaimah, UAE – Al Hamra has announced the sale of the Sky Palace at the Waldorf Astoria Residences Ras Al Khaimah for USD 35.4 million (AED 130 million), marking the highest-value single-unit residential transaction ever recorded in Ras Al Khaimah.

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Education

Shark Tank India’s Pratham Mittal Announces USD 100K+ Grant Pool for Student Founders

Program targets early-stage student startups with non-dilutive funding and global mentorship support

  • Offers equity-free grants of up to USD 5,000 to student-led startups across India, Southeast Asia, and the Middle East
  • Open to third- and fourth-year undergraduates and recent graduates up to four years out of college, supporting both idea-stage and early-traction ventures
  • Selected founders gain access to global mentors and operators, with additional scholarship opportunities for Tetr’s MiM-Tech program

DUBAI, January 21, 2026: Pratham Mittal, Founder of Tetr College and Masters’ Union, has announced the launch of the Tetr Emerging Founders’ Challenge (TEFC), a new entrepreneurship initiative offering equity-free grants of up to USD 7500 to student-led startups across India, Southeast Asia, and the Middle East.

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Technologies

One in Three Ecommerce Brands Now Use AI Agents to Drive Shopping, New Pattern Report Finds

As AI-powered search cuts customer acquisition costs for 76% of businesses, global brands ramp up investment amid the rise of AI-native shoppers.

Dubai, 21st January 2026: AI-powered search and shopping agents are rapidly reshaping ecommerce economics, according to new research from Pattern Group Inc. (Nasdaq: PTRN), a leader in accelerating brands across global ecommerce marketplaces through proprietary technology and AI.

Pattern’s latest study finds that 76% of ecommerce organisations have reduced customer acquisition costs as consumers increasingly rely on AI-driven tools to discover and purchase products. The research also shows that one in three ecommerce brands (33%) has already deployed AI-powered shopping agents, signalling a fundamental shift in how consumers interact with online retail.

The findings are detailed in Pattern’s report, From Insights to Execution in AI-Powered Commerce, based on a survey of 1,000 senior business leaders across the UAE, United States, United Kingdom and Germany.

“We’re seeing a decisive shift from AI as a supporting tool to AI as an active participant in commerce,” said Ryan Byrd, Chief Technology Officer at Pattern.

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Technologies

Chartis Names MOZN a Leader in Both AML and KYC Solutions — One of Only 10 Worldwide.

MOZN is recognized as a Category Leader in Chartis Research’s RiskTech® Quadrant 2025 for AML Transaction Monitoring Solutions and KYC Data and Solutions.

Riyadh, Saudi Arabia – London, United Kingdom,  21 Jan 2026  – MOZN, an enterprise AI company, today announced that its platform, FOCAL, has been named a Category Leader in Chartis Research’s RiskTech® Quadrant 2025 for both AML Transaction Monitoring Solutions and KYC Data and Solutions. This dual recognition places MOZN among ten vendors worldwide to achieve this distinction, positioning the company alongside global industry leaders.

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