Daily Archives: April 27, 2026

Business & Investments

UBF’s AGM Unveils 2026 Strategy for UAE Banking Sector

UBF’s AGM Approves 2025 Strategy and Reaffirms Commitment to Strengthen UAE’s Position Among World’s Leading Financial Centres

Abu Dhabi, United Arab Emirates; 27 April 2025:

UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, held its Annual General Meeting in the presence of representatives of all its member banks. The AGM approved strategic goals and plans of UBF for 2026, endorsed by UBF Board of Directors during its meeting held prior to the AGM, to further advance the banking sector and reinforce the UAE’s leading position among the world’s best financial and banking centres.

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Technologies

Compact Without Compromise: HUAWEI MatePad Mini Redefines Productivity on the Go

UAE, 24 April 2026 – A tablet that fits in your pocket, but is also powerful enough for everything from reading to creating. That’s the idea behind the HUAWEI MatePad Mini. Now, the question is: how well does the tablet pull that off? The 8.8-inch OLED PaperMatte display is considerably larger than any other ebook reader of this size and offers incredibly vibrant colours. Saying this is the best ebook reader ever is not a hyperbolic statement. While that alone makes the tablet worth having, it is only the tip of what the MatePad Mini has to offer.

Pocket-sized tablet

The OLED PaperMatte Display eliminates 99% of ambient light interference, delivering clean visuals free from reflections and glare. Despite its larger 8.8-inch screen, the tablet remains compact thanks to its slim bezels, making it only slightly bigger than most mass-market paperbacks. Huawei has also applied special magnetron nano optical layers to further minimise any remaining reflections.

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Technologies

VAST Data Secures $30B Valuation in Landmark Funding Round

New funding reflects VAST’s rare combination of growth and profitability, driven by its central role in powering AI infrastructure at global scale

Remote-First Company | Dubai, UAE – April 23, 2026 – VAST Data, the AI Operating System company, today announced the closing of its Series F financing at a $30 billion valuation, representing more than a threefold increase from its $9.1 billion Series E valuation in late 2023. The latest round was led by Drive Capital, with Access Industries acting as co-lead, and included participation from existing investors including Fidelity Management & Research Company, NEA, and NVIDIA, alongside new investors. This financing reflects the accelerating demand for a new data infrastructure stack needed for the development and deployment of artificial generally intelligent systems.

Renen Hallak, Founder and CEO of VAST Data

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Business & Investments

Sharjah Launches Non-Repayable Grants for Startups

  • Non-repayable grants and mentorship to support business continuity

Sharjah, 25 April, 2026

Under the directives of Her Highness Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Entrepreneurship Center (Sheraa), the Center has launched its Entrepreneurs Resilience Fund on April 24th, 2026 The Fund introduces fast-tracked financial, operational, and marketing support for Sharjah-based startups and SMEs, enabling founders to navigate current market dynamics with resilience and sustain their operations with confidence.

Her Highness Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Entrepreneurship Center (Sheraa)

The Fund supports businesses in key sectors including manufacturing, food security, and healthcare, which play an important role in maintaining economic stability.

Flag Island in Sharjah Emirate. Shurooq development.

The Fund is aligned with the UAE’s “Proud of UAE” campaign, contributing to broader efforts to support business continuity and economic stability.

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Business & Investments

Four Visionary Investors Back Falcons of Majlis to Power the UAE’s Next Startup Era

As global capital retreats, four of the UAE’s most respected business leaders move forward, committing not just capital, but conviction.

Falcons of Majlis, the UAE’s first trust-led startup investment platform produced by NKN Media and mentored by Bollywood icon and entrepreneur Suneil Shetty, today announces its four principal investors. These are leaders who are actively shaping and strengthening the UAE’s startup ecosystem at a critical global moment.

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