Author: Arabian Media staff

Image: Supplied Meraas, part of Dubai Holding Real Estate, has awarded an Dhs1.9bn construction contract to United Engineering Construction (UNEC) for The Acres, its new standalone villa community in Dubailand. The milestone agreement covers the project’s first release, which includes 642 villas and a full suite of community facilities, with completion scheduled for Q4 2027. The initial phase features three-, four- and five-bedroom villas ranging from 3,048 to 6,001 square feet. Each home includes a private garden and is connected through a network of landscaped walkways leading to Halo Loop Park, the community’s central green spine, as well as a…

Italian company Bending Spoons flew largely under the radar — until last month. In a span of 48 hours, the company announced the acquisition of AOL and a massive $270 million raise, quadrupling its valuation to $11 billion from $2.55 billion set in early 2024. Bending Spoons has grown rapidly by acquiring stagnating tech brands like Evernote, Meetup, and Vimeo, then turning them profitable through aggressive cost-cutting and price increases. While the company’s approach is similar to private equity, there is one key difference: Bending Spoons has no plans to sell these businesses. Andrew Dumont, the founder and CEO of…

But the search giant’s custom chips may prove tricky for others to adopt Source link

If you’re a fan of the punk scene from the early 2000s, you may recognize Nick Gross, the drummer for the band Goldfinger.  Now he’s empowering young people to pursue their passions through his career exploration platform, Find Your Grind. The platform highlights alternative professions not usually emphasized in schools, including being a pop-punk band member, content creator, social media manager, and even a professional esports player. The company announced on Tuesday a $5 million Series A funding round, bringing its total funding to $8 million. The round was led by Echo Investment Capital, with support from Gross’ investment firm,…

Startup Fleet Space announced yesterday that it used its satellite-powered AI system to expand the scope of an already massive lithium deposit in Quebec. Finding a mineral resource isn’t easy. Only about three in 1,000 potential deposits end up becoming commercially viable, and it can take years to prove it by drilling core samples. Fleet Space says its approach can help target drilling operations, reducing decision time from weeks to days. The startup currently has a small constellation of satellites in orbit that use a range of sensors, including electromagnetic and gravity-sensing, to map the subsurface. Fleet Space then feeds…

Image credit: Getty Images The UAE’s real estate sector has carried its strong momentum into 2025, buoyed by resilient economic performance across both oil and non-oil sectors, increasing foreign investment inflows, and a growing pipeline of ambitious development activity. Market data, expert commentary and recent industry discussions collectively point to a dynamic property cycle marked by sustained demand, heightened investor confidence, and evolving regulatory and technological trends shaping the next era of growth. According to the latest global reviews and specialised assessments, the UAE’s economic trajectory remains positive throughout the year, with the launch of major real estate projects, record-breaking…

It’s Waymo complicated than it looks Source link

Nuclear startup X-energy raised $700 million in a Series D round, the company told TechCrunch. The new fundraise comes less than a year after it expanded its Series C from $500 million to $700 million, bringing the total raised in the last year or so to $1.4 billion, a sizable amount even in the heady world of nuclear power startups. X-energy has raised $1.8 billion, to date. X-energy said the new infusion will help build the supply chain for its small modular reactors (SMR). So far, the startup says it has orders for 144 SMRs capable of generating 11 gigawatts…

Google has partnered with Accel to find and fund India’s earliest-stage AI startups in a first-of-its-kind collaboration for the Google AI Futures Fund, launched earlier this year. On Tuesday, Accel and Google announced a partnership to jointly invest up to $2 million in each startup through Accel’s Atoms program, with both firms contributing up to $1 million. The 2026 cohort will focus on founders in India and the Indian diaspora building AI products from day one. “The thought process is building AI products for billions of Indians, as well as supporting AI products built in India for global markets,” Prayank…

It’s Waymo complicated than it looks Source link