Technologies

Fabtech and France’s Groupe M sign agreement to develop equipment and services for UAE’s nuclear energy sector from Dubai Industrial City

  • Fabtech, based at Dubai Industrial City, will leverage synergies with Groupe M to offer locally manufactured products and services for the nuclear and sustainable energies sectors
  • The agreement reaffirms the contributions by Dubai Industrial City’s community towards the long-term goals of Operation 300bn, Make it in the Emirates, UAE Energy Strategy 2050, and Dubai Economic Agenda ‘D33’

Dubai, UAE, 18 March 2025: Fabtech Engineering, a steel fabrication specialist based at Dubai Industrial City, has entered a strategic agreement with French industrial leader Groupe M to accelerate innovation and sustainable development in the UAE’s nuclearand sustainable energies sectors.

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Technologies

Yango Group Launches Corporate Venture Fund to Support Young Entrepreneurs

Dubai, UAE – 19 March 2025: Yango Group, a global tech company bringing advanced technology to local communities, has launched Yango Ventures, a corporate venture fund designed to empower promising startups across LATAM, Sub-Saharan Africa, MENAP, and other high-growth regions of the company’s presence. Yango Ventures aims to foster local innovation and entrepreneurial growth by providing both capital and leveraging its extensive experience and network, creating opportunities for startups to scale effectively. This support is designed to help them generate sustainable impact within their communities.

“We’re more than a tech company; we are an ecosystem committed to empowering entrepreneurs worldwide. At Yango Group, we believe that technology is not just about innovation — it’s a catalyst for tangible progress. Through Yango Ventures, we’re sharing our expertise and network to help startups scale, thrive, and drive meaningful change in their communities. Our mission is simple: let people grow with us. By supporting local talent with the right tools and resources, we aim to foster sustainable business growth and contribute to resilient, inclusive economies across the globe,” – Daniil Shuleyko, CEO of Yango Group.

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Technologies

Meta’s Open Source AI Llama reaches 1 billion downloads

Celebrating 1 Billion Downloads of Llama

March 18, 2025

Takeaways

  • Our open-source AI model, Llama, has been downloaded more than one billion times. 
  • We believe open sourcing AI models is essential to ensuring people everywhere have access to the benefits of AI, and every download of Llama moves us closer to that goal.
  • Among those one billion downloads are industry leader Spotify, startup Fynopsis and enterprising developer Srimoyee Mukhopadhyay.
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Llama, our open-source collection of AI models, just hit 1 billion downloads. Open sourcing AI is crucial to ensuring people everywhere have access to the benefits of AI, and every download of Llama moves us closer to that goal.  Since we first launched Llama in 2023, enterprises, startups, non-profits, creators, scientists, public institutions and more have used our models and tools to explore the incredible capabilities of AI. From top tech companies to universities, people and organizations all over the world are using Llama to innovate, drive scientific advances, and unlock new economic opportunities. And what we’ve consistently heard from developers is that the transparency, customizability and security of open-source models like Llama help reach new levels of creativity and innovation. 

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Shopping & Promotions

Dream Dubai and Shukran Announce theAED1,000,000 ‘Shukran Millionaire’ Campaign

Dubai, 19March 2025: Dream Dubai and Shukran have teamed up to turn everyday shopping into a life-changing opportunity with the launch of the ‘Shukran Millionaire’ campaign. Running until 28th of March 2025, this exciting initiative gives shoppers the chance to win a prize of AED1,000,000 cash by simply making a purchase at participating stores.

Customers spending AED250 or more at all Shukran brands, whether in-store or online, will automatically receive aticket to win AED1,000,000. In-store purchases come with a voucher at checkout, while online shoppers will receive a confirmation email with a unique code. Participating stores include leading brands under Landmark Group such as Centrepoint, Babyshop, Shoemart, Splash, Max, Lifestyle, Shoexpress, Homecentre, Homebox, Emax, Styli, and Citymax.

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Real Estate

Dubai Land Department Launches Pilot Phase of the ‘Real Estate Tokenisation Project’

  • First real estate registration entity in the Middle East to adopt this technology in collaboration with the Virtual Assets Regulatory Authority (VARA) and Dubai Future Foundation (DFF).
  • Dubai’s real estate tokenisation sector is projected to reach AED 60 billion by 2033, accounting for 7% of the emirate’s total real estate transactions.
  • Converting real estate assets into digital tokens recorded on blockchain technology, streamlining and enhancing the processes of buying, selling, and investing.

Dubai, UAE – 19 March 2025: As part of its ongoing efforts to strengthen Dubai’s position as a global leader in property technology, and in line with the Dubai Real Estate Sector Strategy 2033, Dubai Land Department (DLD) launched the pilot phase of the ‘Real Estate Tokenisation Project.’This initiative,introduced under the Real Estate Innovation Initiative‘REES,’ establishes DLD as the first real estate registration entity in the Middle East to implement tokenisation on property title deeds.The project is being implemented in collaboration with the Dubai Virtual Assets Regulatory Authority (VARA) and Dubai Future Foundation (DFF) through SandBox Real Estate.

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