• About us
  • Community
  • Terms
  • Privacy
  • Contact Us
Tuesday, March 28, 2023
  • Login
Dubai News TV - Dubai News
  • Home
  • UAE
    • Dubai
    • Sharjah
    • Abu Dhabi
    • Ajman
    • Ras Al Khaimah
    • Fujairah
    • Umm Al Quwain
  • REGION
    • Asia
    • South Asia
      • Pakistan
      • India
      • Bangladesh
      • Afghanistan
    • Middle East
    • GCC
    • MENA
    • Europe
    • Africa
  • Business
    • Global Business
    • Local Business
    • Markets
  • REAL ESTATE
  • Expo 2020
  • Meet The CEO
  • Horoscope
  • PR
  • more
    • Opinion
    • EDITOR’S CHOICE
    • The Big Read
    • Viewpoint
No Result
View All Result
  • Home
  • UAE
    • Dubai
    • Sharjah
    • Abu Dhabi
    • Ajman
    • Ras Al Khaimah
    • Fujairah
    • Umm Al Quwain
  • REGION
    • Asia
    • South Asia
      • Pakistan
      • India
      • Bangladesh
      • Afghanistan
    • Middle East
    • GCC
    • MENA
    • Europe
    • Africa
  • Business
    • Global Business
    • Local Business
    • Markets
  • REAL ESTATE
  • Expo 2020
  • Meet The CEO
  • Horoscope
  • PR
  • more
    • Opinion
    • EDITOR’S CHOICE
    • The Big Read
    • Viewpoint
No Result
View All Result
Dubai News
  • Top News
  • UAE
  • REGION
  • Business
  • World
  • REAL ESTATE
  • Entertainment
  • ENVIRONMENT
  • Expo 2020
  • FEATURED
  • Horoscope
  • Meet The CEO
  • Road To Financial Freedom
  • Opinion
  • PR
  • Sports
  • Tech
  • Video Posts
Home NEWS

Israel’s OurCrowd to set up Abu Dhabi investment centre and AI hub

by Dubai News
November 24, 2022
in NEWS, Top News, UAE
144 7
Israel’s OurCrowd to set up Abu Dhabi investment centre and AI hub
2.2k
VIEWS
Share on FacebookShare on Twitter

OurCrowd, one of Israel’s biggest venture capital companies, is expanding its operations in Abu Dhabi with a new investment centre and an artificial intelligence hub, in partnership with the Abu Dhabi Investment Office.

The venture capital centre of OurCrowd Arabia, which was incorporated at Abu Dhabi Global Market in 2021, will manage deals for its existing platform and cater to emerging markets, the companies said in a joint statement on Wednesday, during Abu Dhabi Finance Week.

OurCrowd and Adio will also launch Integrated Data Intelligence, an AI hub, which will be based at ADGM’s Hub71 start-up centre and is aimed at commercialising AI for businesses, the companies said.

OurCrowd will expand its team at ADGM to 60 over the next four years, as part of a $60 million investment by the company in the emirate.

IDI will develop AI solutions that will help businesses adopt and leverage advanced technology. It will use advanced data automation, AI and machine learning models to reduce costs and improve outcomes for data intensive tasks.

The IDI company will be led by Dr Hasanat Dewan, who has led innovation and technology transformation in an executive capacity for global financial institutions including Etrade, BNY Mellon, Russell Investments Group, Merrill Lynch, Deutsche Bank and Morgan Stanley.

The company said OurCrowd Arabia, led by Sabah al-Binali, would significantly increase its venture capital operations.

OurCrowd’s decision to expand its operations in Abu Dhabi comes after an intensive global search, Jon Medved, founder and chief executive of OurCrowd, said.

“The World Economic Forum ranks the UAE first in the world in best e-infrastructure and macroeconomic stability, and the third most-trusted government,” he said.

“These factors, with numerous other advantages including global talent and market access, underscore why Abu Dhabi is now home to OurCrowd Arabia and OurCrowd’s new AI spin-off, and why we will continue to invest in the innovation infrastructure and talent in the country.”

The launch of IDI reinforces Abu Dhabi’s commitment to support the expansion of innovative businesses that contribute to the emirate’s knowledge economy.

The UAE has long championed the critical role digital transformation plays in its economy and society, as the country positions itself as a global hub for innovation.

The Emirates is ranked first in the Middle East in the 2021 edition of the Global Innovation Index, cementing its status among the world’s leading countries in adopting the latest technology.

A host of global technology companies, including Microsoft, Google, Amazon and Oracle, have flocked to the Emirates to set up centres to support the country’s technological push.

Abu Dhabi leads the Middle East in the global smart city index, ranking 28th, according to a 2021 report from the Institute for Management Development and the Singapore University for Technology and Design.

The partnership between Adio and OurCrowd was made through Adio’s innovation programme, which supports local and international companies looking to grow in Abu Dhabi.

Adio has awarded OurCrowd a package of financial and non-financial incentives to accelerate its growth in the UAE capital, it said.

“OurCrowd is a great example of a company that has benefited from Abu Dhabi’s enabling ecosystem to achieve accelerated growth,” said Abdulla Al Shamsi, acting director general of Adio.

“OurCrowd has moved from an initial licence to an established market player, with its new investment centre and tech hub bringing additional VC and tech specialism to Abu Dhabi and expanding the availability of solutions and technology to companies.”

In 2021, Adio established an office in Tel Aviv to support Israeli technology companies that seek to establish and expand their operations in the Abu Dhabi.

Updated: November 16, 2022, 9:09 AM

Read More

Share9Tweet6Share2Send
">
ADVERTISEMENT

Related Posts

UAE residents feel weight of higher medical insurance bills, as average hits Dh6,000 a year
NEWS

UAE residents feel weight of higher medical insurance bills, as average hits Dh6,000 a year

March 28, 2023
2.2k
UN Security Council turns down request for Nord Stream inquiry
NEWS

UN Security Council turns down request for Nord Stream inquiry

March 28, 2023
2.1k
Brazilian teenager accused of fatally stabbing Sao Paulo teacher
NEWS

Brazilian teenager accused of fatally stabbing Sao Paulo teacher

March 28, 2023
2.2k
Will Vladimir Putin go nuclear in Ukraine?
NEWS

Will Vladimir Putin go nuclear in Ukraine?

March 28, 2023
2.1k
Blurring make-up: The cosmetics that act like an Instagram filter for your skin
NEWS

Blurring make-up: The cosmetics that act like an Instagram filter for your skin

March 28, 2023
2.2k
Prince Harry back in UK for court fight on privacy
NEWS

Prince Harry back in UK for court fight on privacy

March 28, 2023
2.2k

Popular News

  • Top nationalities continue to invest in Dubai real estate

    Top nationalities continue to invest in Dubai real estate

    18 shares
    Share 434 Tweet 271
  • Dubai’s luxury home market to continue its golden run in 2022

    531 shares
    Share 212 Tweet 133
  • How to set up a real estate brokerage company in Dubai

    14 shares
    Share 288 Tweet 180
  • Dubai home sales surged 55.9% in April

    34 shares
    Share 324 Tweet 202
  • What Happened to Zack & Irina From ‘Love Is Blind’ Season 4

    22 shares
    Share 9 Tweet 6
  • Savour the Flavours of Ramadan 2023 with These Mouthwatering Iftar Meals in UAE

    9421 shares
    Share 9 Tweet 6
  • Here’s the Relationship Status of Kwame and Chelsea From Love Is Blind

    22 shares
    Share 9 Tweet 6
  • Neom Airlines, Riyadh Air set to take off by early 2025 

    142 shares
    Share 46 Tweet 29
  • Dubai Police Iftar cannon to announce contributors to ‘1 Billion Meals Endowment’ campaign

    22 shares
    Share 9 Tweet 6
  • Forex and Gold Rates in UAE

    615 shares
    Share 571 Tweet 61
Currently Playing

Zoom Property Insights - How Expo 2020 is Shaping up the Dubai Property Market | Dubai News TV

Zoom Property Insights - How Expo 2020 is Shaping up the Dubai Property Market | Dubai News TV

00:03:34

Learn When is Best Time to invest in Real Estate Market

00:08:02

Managing Personal Liquidity in 7 Steps | Shailesh Dash | Dubai News TV

00:11:27

The World Plays The UAE National Anthem

00:02:13

Meet the CEO : BANKING ON RAJEEV KAKAR

00:25:20
United Arab Emirates Dirham Exchange Rate

About US

DubaiNews.Tv is a fast-growing Dubai-based digital platform that covers news, happenings and current affairs with a central focus on Dubai, UAE, Gulf, Middle East. It also features regional and international news activities in addition to exclusive reports, interviews and special videos.

info@dubainews.tv

dubainews.tv@gmail.com

Follow Us

Browse by Category

  • Abu Dhabi
  • Afghanistan
  • Africa
  • Ajman
  • Apps
  • Asia
  • Bangladesh
  • Business
  • CPEC
  • Dubai
  • EDITOR'S CHOICE
  • Education
  • Entertainment
  • ENVIRONMENT
  • Europe
  • EXCLUSIVE
  • Expo 2020
  • FEATURED
  • Featured Stories
  • Forex
  • Fujairah
  • GCC
  • Global Business
  • Health
  • heath
  • Horoscope
  • India
  • International
  • Iran
  • JOBS
  • Lifestyle
  • Local Business
  • Markets
  • Meet The CEO
  • MENA
  • Middle East
  • Mobile
  • MORE
  • Movie
  • Music
  • NEWS
  • Opinion
  • Pakistan
  • Philippine
  • Philippines
  • Politics
  • PR
  • Ras Al Khaimah
  • REAL ESTATE
  • REGION
  • Road To Financial Freedom
  • Russia
  • Science
  • Science
  • Sharjah
  • South Asia
  • Space
  • Sports
  • Spotlight
  • Sri Lanka
  • Startup
  • STOCKS
  • Syria
  • Tech
  • The Big Read
  • Top News
  • Tourism
  • Travel
  • Tunisia
  • turkey
  • UAE
  • Umm Al Quwain
  • Uncategorized
  • Video Posts
  • Viewpoint
  • Weather
  • World

Recent News

UAE residents feel weight of higher medical insurance bills, as average hits Dh6,000 a year

March 28, 2023
UN Security Council turns down request for Nord Stream inquiry

UN Security Council turns down request for Nord Stream inquiry

March 28, 2023
Brazilian teenager accused of fatally stabbing Sao Paulo teacher

Brazilian teenager accused of fatally stabbing Sao Paulo teacher

March 28, 2023
Will Vladimir Putin go nuclear in Ukraine?

Will Vladimir Putin go nuclear in Ukraine?

March 28, 2023
Blurring make-up: The cosmetics that act like an Instagram filter for your skin

Blurring make-up: The cosmetics that act like an Instagram filter for your skin

March 28, 2023
  • About us
  • Community
  • Terms
  • Privacy
  • Contact Us

© 2022 DNTV - Powered By Dubai News TV.

No Result
View All Result
  • Top News
  • UAE
    • Dubai
    • Abu Dhabi
    • Ajman
    • Fujairah
    • Ras Al Khaimah
    • Umm Al Quwain
  • REGION
    • Middle East
    • GCC
    • MENA
    • South Asia
      • Afghanistan
      • Bangladesh
      • India
      • Pakistan
    • Asia
    • Africa
    • Europe
  • Business
    • Global Business
    • Local Business
    • Markets
  • World
  • REAL ESTATE
  • Entertainment
  • ENVIRONMENT
  • Expo 2020
  • FEATURED
    • Featured Stories
  • Horoscope
  • Meet The CEO
  • Road To Financial Freedom
  • Opinion
    • EDITOR’S CHOICE
    • The Big Read
    • Viewpoint
  • PR
  • Sports
  • Tech
  • Video Posts

© 2022 DNTV - Powered By Dubai News TV.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.