Author: Arabian Media staff
Indian edtech startup Physics Wallah ended its first day as a public company on a high, with its shares closing 44% higher than they were listed for, indicating that the country’s edtech sector may still recover after years of gloom. Priced at ₹109, the company’s shares climbed as high as ₹161.99 before closing at ₹156.49, valuing the seven-year-old company at ₹448 billion (around $5 billion). That’s well above its listing valuation of ₹315 billion (approximately $3.6 billion), and roughly 79% higher than its last private valuation of $2.8 billion in September 2024. The strong IPO highlights the remarkable growth arc of…
In 2023, Tayla Cannon moved from Australia to the U.S. for a job in a city she’d never seen before. “No family, no friends, just a fresh start,” she told TechCrunch. A sufferer of chronic back pain, she first started working in physiotherapy, thinking it was helping make a difference in the lives of others. Yet the traditional physiotherapy model never quite lit a spark in her. She moved to interventional cardiology but only became more disillusionedwith the physical rehab model with “its localized, reactive, and volume-based nature,” she said. Meanwhile, in her spare time, she became a content creator, sharing her perspective online about “proactive” and “holistic” ways people can get rid of pain. That took on a life of its own. She now…
Image credit: Emirates/Website Emirates is advancing into the next phase of its extensive fleet retrofit programme, with 60 Airbus A380s and 51 Boeing 777s lined up for a sweeping cabin upgrade that introduces the airline’s latest onboard innovations. Beginning August 2026, the carrier will roll out a new suite of products across both aircraft types, including next-generation seating, an immersive inflight entertainment system, and enhanced Wi-Fi connectivity powered by Starlink. The initiative forms a central pillar of Emirates’ broader fleet modernisation strategy, designed to deliver a consistent and elevated travel experience across its global network. Emirates Engineering, working alongside long-standing…
Image credit: Getty Images The National Centre of Meteorology (NCM) said on November 17, that the UAE will experience a period of unstable weather from Tuesday until November 22, marked by morning humidity and the possibility of fog or light fog over several coastal and inland zones. Winds will be active at times, stirring dust in western regions, while the Arabian Gulf may become rough on certain days, according to a WAM report. Mornings are expected to remain humid with recurring chances of fog or light fog, while daytime conditions will be generally fair to partly cloudy. Dusty intervals are…
Image: Supplied Aster DM Healthcare has secured Dhs265m in financing from Emirates Development Bank (EDB) to support the expansion of its healthcare network in Dubai, with flexibility to increase the facility for additional projects. The funding will be used to develop two new multi-specialty hospitals in the emirate, adding more than 250 beds to Aster’s current capacity of around 920 beds. Once fully operational, the expanded capacity is expected to allow treatment of more than 560,000 patients annually in the UAE, in addition to the 20 million patients the group serves across the Gulf region. The agreement was signed by…
Boeing took centre stage at day one of the Dubai Airshow on Monday, booking a $38bn order from host carrier Emirates and clinching more deals with African carriers, while China displayed its C919 in the Middle East for the first time. Thousands of guests flooded exhibition halls and a runway around Al Maktoum International Airport, where airplanes, helicopters and drones were on display. The Middle East aerospace gala has in the past seen major order announcements as its regional carriers turned into some of the world’s biggest airlines, with local governments betting on tourism and transportation to diversify economies away from…
With consumers increasingly asking questions of ChatGPT — not Google — product discovery is changing. And the promise to give brands visibility and control over this fast-growing search channel has made Peec AI one of Europe’s hottest startups. Just four months after its Seed round led by 20VC, the Berlin-based startup has raised a $21 million Series A led by European VC firm Singular. CEO Marius Meiners declined to disclose the valuation, but said it had tripled and was now above $100 million. This comes after Peec AI grew its annual recurring revenue to more than $4 million in only…
Images: Supplied GE Aerospace has secured two major engine agreements with Dubai-based carriers Emirates and flydubai at the Dubai Airshow 2025, underscoring the resilience and expansion of the UAE’s aviation sector. Emirates extends lead as largest GE9X customer Emirates and GE Aerospace announced an agreement for 130 additional GE9X engines to power 65 additional Boeing 777-9 aircraft. The order, which includes spare engines and a long-term services contract, makes Emirates the largest GE9X customer globally, with a total of 540 GE9X engines on order. Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive, Emirates Airline and Group, stated the…
Image: Getty Images The Ministry of Human Resources and Emiratisation (MoHRE) has announced that Monday and Tuesday, December 1 and 2, will be an official paid holiday for all employees in the private sector across the UAE to mark the 54th Eid Al Etihad. The ministry sent out a circular announcing the holiday, in line with the cabinet’s decision regarding approved official holidays for the government and private sectors. On this occasion, MoHRE extends its sincere congratulations to the leadership and people of the UAE, as well as all residents in the country. Eid Al Etihad government sector holiday announced…
The one area outside of AI where investors are still enthusiastic is expense management fintech, at least if Ramp’s 2025 is anything to judge by. Every few months, Ramp has raised another large sum at another giant new valuation. On Monday, the fintech announced it had raised $300 million led by Lightspeed, which also included an employee tender offer. This is just a few months after a $500 million Series E-2 at a $22.5 billion valuation led by Iconiq, announced on July 30. That round was just a few weeks after a $200M Series E at $16 billion valuation led…