Author: Arabian Media staff

Although LLM-powered AI agents are a fairly new phenomenon, one of the areas where they’ve been most popular so far is in sales. 1Mind, a startup co-founded by Amanda Kahlow, has been quietly shipping its sales agent, named Mindy, for about a year.   On Monday, the startup announced a $30 million Series A round led by Battery Ventures. This brings 1Mind’s total raise to $40 million, the company says.  Kahlow is well known in the sales and marketing tech world as the founder and former CEO of 6Sense. It was launched in 2013 as a lead-generation tool that tracked signals across social media and other sites to identify potential customers. She left in 2020. While the sales agent market is already crowded, 1Mind, and…

Kuwait is negotiating a major battery storage project with a discharge capacity of up to 1.5 gigawatts and total energy storage of between 4 and 6 gigawatt-hours, in a bid to ease chronic power shortages, a senior electricity ministry official said on Monday. The Gulf state, a major oil producer and OPEC member, has been grappling with severe electricity shortages driven by rapid population growth, urban expansion, rising temperatures and delays in plant maintenance. The strain has forced authorities to impose planned power cuts in some areas since last year. Read more-Rolls-Royce to power Kuwait International Airport’s new Terminal 2…

After helping several enterprises document how work actually happens, Scribe has raised $75 million at a $1.3 billion post-money valuation to roll out Scribe Optimize, a platform that maps workflows across the enterprise to reveal where automation and AI will actually yield returns — instead of becoming another sunk cost. The all-equity Series C round was led by StepStone, with participation from existing investors Amplify Partners, Redpoint Ventures, Tiger Global, Morado Ventures, and New York Life Ventures. The new funding comes over a year after Scribe raised its $25 million Series B, capital the five-year-old startup has largely not needed…

Lenskart shares recovered after a soft start to finish slightly above the offer price on Monday, following the Indian eyewear retailer’s ₹72.8 billion ($821 million) IPO that sold out within hours but stirred debate over its valuation. The stock opened at ₹395, below the IPO price of ₹402, and fell as much as 11% to ₹356.10 during the session before recovering to close at ₹404.55. The closing price valued Lenskart at about ₹702 billion (around $8 billion). The IPO was heavily oversubscribed with bids coming in at about 28 times the shares available, led primarily by institutional investors. Lenskart’s pitch…

Image credit: Getty Images Nearly three-quarters of UAE residents believe that greater awareness and education around the ethical use of artificial intelligence (AI) is necessary, according to a new survey by De Montfort University (DMU) Dubai. The study comes at a time when AI adoption is accelerating across both professional and personal domains in the UAE, reflecting the country’s ambition to become a global hub for technology and innovation. The survey reveals that AI is no longer a peripheral tool, it has become deeply embedded in everyday life and professional workflows. Over 60 per cent of respondents said they frequently…

Image credit: Getty Images Dubai’s commercial property sector continued to demonstrate strong momentum in the third quarter of 2025, achieving total sales of Dhs30.38bn, representing a 31 per cent increase year-on-year, according to CRC Property’s recently released Q3 2025 Market Report. This robust performance underscores Dubai’s enduring appeal as a global business hub and reflects sustained investor confidence in the city’s commercial real estate sector, across office, retail, and industrial segments. The surge in activity comes against the backdrop of Dubai’s wider economic resilience, continued corporate relocation trends, and targeted infrastructure investments across business hubs, free zones, and mixed-use districts. Read more-From…

Abu Dhabi National Hotels (ADNH), UAE’s hospitality investment and management company, has announced the launch of The Residences at Nasim Al Bahr, a Luxury Collection Resort & Spa, Al Marjan Island, marking its entry into Ras Al Khaimah’s rapidly expanding luxury real estate market. Valued at Dhs3bn, the waterfront development offers an elevated living experience through a blend of contemporary design, curated amenities, and exclusive ownership privileges. The project represents a strategic milestone in ADNH’s growth, extending its presence beyond Abu Dhabi and Dubai while reinforcing its vision to deliver exceptional living and hospitality experiences across the UAE. Exclusive marketing…

Image: Dubai Media Office Emirates SkyCargo, the cargo division of Emirates, has upgraded its ground fleet with the latest-generation Euro 6 trucks from MAN Trucks, in partnership with Allied Transport Company. With 40 new vehicles entering service, Emirates SkyCargo becomes the first operator in the region to adopt long-haul, heavy commercial Euro 6 models—introducing the most advanced trucking technology into its on-road logistics operations. The Euro 6 engine meets the world’s most stringent emissions standards, producing substantially lower levels of pollutants than previous models. By replacing 40 of its existing trucks with 40 Euro 6 vehicles, Emirates SkyCargo expects to…

Image: Getty Images Dubai’s AIR, the owner of hookah brand Al Fakher, said on Friday it had agreed to go public in the US through a merger with blank-check firm Cantor Equity Partners III CAEP.O, in a deal valuing the combined company at $1.75bn. The special purpose acquisition deal comes as this unconventional route to the public markets has regained popularity in the United States after years of subdued activity, following poor share performance and regulatory roadblocks. A SPAC is a shell firm that raises money through an IPO to merge with a private business and take it public, offering…

A punchy, investor-minded panel at ADIPEC 2025, moderated by Manus Cranny, geoeconomics editor, The National, brought together Christopher James, CEO, Engine No. 1, Lord John Browne, co-founder and chairman, BeyondNetZero, and Amos Hochstein, managing partner, TWG Global. Their common ground: AI is pulling the energy system into a new growth cycle, but timelines, talent, permitting and supply chains will determine who actually captures that growth. Demand is exponential; delivery is linear Christopher James framed the core tension succinctly: “I do think that the demand situation tied to this infrastructure build up is turning a business that hasn’t been a growth…