Derq raises $500,000; Region's largest solar-powered data centre
Good morning,
Here’s your weekly roundup of Middle East AI News!
Wadi Makkah Ventures invests $0.5m in AI video analytics startup Derq; CE-Ventures to double its investments in emerging tech; and Moro Hub partners with Huawei to build the Middle East’s largest solar-powered data centre.
Scroll down for these stories and more!
Stay safe and Eid Mubarak!
/Carrington
Startup News
Derq raises $500,000 from Wadi Makkah Ventures — www.wamda.com
#USA #UAE #funding - Detroit and Dubai-based AI video analytics startup Derq has raised $500,000 from Wadi Makkah Ventures as part of its pre-Series A round, which included other global investors. (WAMDA)
Sharjah Innovation Park launches second edition of Advanced Industry Accelerator — wam.ae
#UAE #accelerators - Sharjah Research, Technology and Innovation Park (SRTI Park) has launched Sharjah Advanced Industry Accelerator 2.0 (SAIA). The accelerator programme will provide local and regional start-ups with innovative solutions and a strong support system. (Emirates News Agency)
UAE's Crescent Enterprises doubles start-up investments to $272 million — www.zawya.com
#UAE #venturecapital - CE-Ventures, the corporate venture capital platform of UAE-based Crescent Enterprises, is doubling its investments in start-ups to 1 billion dirhams ($272 million) by 2022. The company is now focused on emerging technologies such as AI, IoT and robotics. (Zawya)
Cloud AI
Moro Hub partners with Huawei to build Middle East’s largest solar-powered data centre — gulfbusiness.com
#UAE #Cloud - Moro Hub, a service provider set up by Dubai Electricity & Water Authority (DEWA) to provide next-generation digital and cloud services, has partnered with Huawei to build the Middle East and Africa’s largest solar-powered data centre, located at the Mohammmed bin Rashid Al Maktoum Solar Park. (Gulf Business)
Transport
King Fahd Causeway reopening with AI-powered scanners to enforce customs regulations — www.arabnews.com
#Bahrain #Saudi #transport - The reopening of the King Fahd Causeway, which connects Bahrain to Saudi Arabia, will add up to $2.9 billion to Bahrain’s economy this year. Bahrain Customs has installed AI-powered scanners on the bridge, and has worked to automate the data collection process and allow cargo inspections before reaching ports. (Arab News)
Media
Kuwaiti newspaper Al-Qabas partners with Eurisko Mobility to create AI-powered digital portal — www.prnewswire.com
#Kuwait #media - Kuwaiti newspaper Al-Qabas has launched an AI-powered digital portal that provides readers with their own personalised news pages tailored to their preferences. The site was developed by Eurisko Mobility. (PR Newswire)
Job Market
UAE sees high demand for specialised IT professionals, including cloud, data & AI roles — www.thenationalnews.com
#UAE #jobs - "Information technology is the most in-demand profession in the current market and specifically jobs relating to cloud, software engineering, data analytics and artificial intelligence." (The National)
Events
Egypt to host virtual World AI Show — www.egypttoday.com
#Egypt #WorldAIShow - Trescon will hold the 25th global edition of its World AI Show on 31st of May 2021, supported by Egypt’s Information Technology Industry Development Agency (ITIDA). The virtual event will bring together 350 business leaders, and top-tier solution providers. (Egypt Today)
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