Tag: Finance

Grammarly Announces $1 Billion Growth Financing With General Catalyst
United States

Grammarly Announces $1 Billion Growth Financing With General Catalyst

Press Release – SAN FRANCISCO – May 29, 2025 – Grammarly, the trusted AI assistant for communication and productivity, today announced the closing of $1 billion in financing from General Catalyst. This underscores General Catalyst’s longtime commitment to Grammarly, which has evolved into an AI productivity platform for apps and agents following the acquisition of Coda in January 2025. Grammarly will use the go-to-market investment from General … Continue reading Grammarly Announces $1 Billion Growth Financing With General Catalyst

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African Development Bank 2025 Annual Meetings
Africa

African Development Bank 2025 Annual Meetings: “Making Africa’s Capital Work Better for Africa’s Development.”

The African Development Bank Group’s 2025 Annual Meetings open next week amidst shifting winds of global trade. Forty-seven of Africa’s fifty-four countries have been affected by new U.S. trade measures, with 22 facing tariffs of up to 50 percent on a wide range of exports. In the context of evolving U.S. foreign assistance priorities and reduced USAID funding, African nations are navigating a changing landscape … Continue reading African Development Bank 2025 Annual Meetings: “Making Africa’s Capital Work Better for Africa’s Development.”

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Global Tech Alliance Launches Stargate UAE
Middle East, United States

Global Tech Alliance Launches Stargate UAE

News Release – 22 May 2025 – In a historic step forward for artificial intelligence and international collaboration, G42, OpenAI, Oracle, NVIDIA, SoftBank Group and Cisco today announced their partnership to build Stargate UAE. Stargate UAE is a next-generation AI infrastructure cluster that will run in the newly established 5-gigawatt UAE–U.S. AI Campus in Abu Dhabi. Stargate UAE, a 1-gigawatt compute cluster, will be built … Continue reading Global Tech Alliance Launches Stargate UAE

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CICC Expands Its Global Footprint with Official Launch of DIFC Branch
Middle East

CICC Expands Its Global Footprint with Official Launch of DIFC Branch

“We are delighted to welcome CICC to DIFC, bolstering the strategic relations between the UAE and China. Dubai and DIFC remain a top destination for Chinese investments, further accentuated by a surge in interest from banks, wealth and asset management firms, large corporations, and insurance sector market players. It underscores our commitment to offer a vast, well-developed ecosystem to help Chinese businesses expand and scale … Continue reading CICC Expands Its Global Footprint with Official Launch of DIFC Branch

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ECB partners with private sector through digital euro innovation platform
Europe

ECB partners with private sector through digital euro innovation platform

Press Release – 5 May 2025 – The European Central Bank (ECB) has established an innovation platform to collaborate with European stakeholders in the context of the digital euro project. Almost 70 market participants – including merchants, fintech companies, start-ups, banks and other payment service providers – have signed up to work with the ECB to explore digital euro payment functionalities and use cases. Following a call for … Continue reading ECB partners with private sector through digital euro innovation platform

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GCA Launches Bangladesh’s First National Compendium on Nature
Asia

GCA Launches Bangladesh’s First National Compendium on Nature-Based Solutions for Urban Resilience 

Dhaka, Bangladesh, 30 April 2025 – The Global Center on Adaptation (GCA), in collaboration with IUCN Bangladesh, today launched the country’s first Nature-Based Solutions (NbS) Compendium for Urban Resilience at a high-level event in Dhaka.  The Compendium developed with support from the UK Government highlights 20 scalable, context-specific NbS interventions designed to guide policymakers, urban planners, and financial institutions in embedding nature-based approaches into infrastructure development and … Continue reading GCA Launches Bangladesh’s First National Compendium on Nature-Based Solutions for Urban Resilience 

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How US-China Trade Tariff Wars Are Affecting the Development of AI in Africa
Africa

How US-China Trade Tariff Wars Are Affecting the Development of AI in Africa

In Nairobi’s Westlands tech hub, an AI engineer squints at his computer screen, awaiting a shipment of GPUs ordered four months ago from Shenzhen, China. With each passing week, the container’s journey across trade bottlenecks feels less like a logistical hiccup and more like a casualty of geopolitical conflict. Around him, the hum of ambition is increasingly muffled by something Africa didn’t start—but must now … Continue reading How US-China Trade Tariff Wars Are Affecting the Development of AI in Africa

Joyce Bitutu
GKSD
Europe

GKSD President Kamel Ghribi Pays Tribute to Pope Francis at State Funeral in Rome

Rome, Italy, Wednesday, April 30th, 2025 – The city of Rome became a gathering place for the world as hundreds of thousands filled its streets to mourn the passing of Pope Francis, affectionately known as “The People’s Pope.” Revered across faiths and nations, the Pontiff was celebrated for his unwavering compassion, moral courage, and a lifelong commitment to global unity. Among the numerous world leaders … Continue reading GKSD President Kamel Ghribi Pays Tribute to Pope Francis at State Funeral in Rome

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Mastercard
Middle East

Mastercard research highlights urgent need for UAE SMEs to stay ahead of evolving cyber threats

Press Release – Dubai, UAE; 23 April 2025: Readiness to tackle cyber threats has never been more critical to building a secure and resilient digital future for small businesses, according to Mastercard’s latest research on cybersecurity risks facing SMEs. The study was conducted across five countries worldwide among more than 5,000 small and medium business owners, including over 1,000 in the UAE. Globally, the research has … Continue reading Mastercard research highlights urgent need for UAE SMEs to stay ahead of evolving cyber threats

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