Wednesday, 24 June 2026
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Startups & Leadership

Abu Dhabi Startup Ecosystem Valuation Jumps 3,057% to $73.4 B

Abu Dhabi’s startup landscape has ballooned to a $73.4 billion valuation, a 3,057% increase, driven by aggressive sovereign‑fund backing, expanding venture capital pipelines and a surge in tech‑focused founders targeting regional and global markets.

Crypto and Forex

Mgx Eyes Multi‑Billion Deal to Acquire Dayone Data Centres

Abu Dhabi‑based MGX is lining up a multi‑billion‑dollar investment to purchase Dayone, a leading data‑centre operator. The move could reshape the UAE’s digital infrastructure, boost crypto‑related services and attract further foreign tech capital.

Eco-Impact

Siemens Energy Wins UAE Taweelah C 2.6GW Turbine Contract

Siemens Energy has been selected to supply 2.6 GW of advanced turbines for the Taweelah C solar‑plus‑storage project, marking a major step for the UAE’s clean‑energy roadmap and signalling growing confidence in local renewable infrastructure.

Global Insights

Fed’s Lean Policy Stance Faces Data‑Heavy Market Landscape

The Federal Reserve’s move toward a slimmer balance sheet and fewer rate adjustments reflects a cautious response to abundant data streams, prompting investors to reassess risk models and liquidity strategies worldwide.

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