NEW DELHI: India’s Union Cabinet has approved a new state-backed venture capital initiative, clearing the Startup India Fund of Funds 2.0 with a corpus of ₹10,000 crore (about $1.1 billion) to mobilize venture capital for the country’s startup ecosystem, the government said in a statement issued Feb. 14. The program,…
ABU DHABI: Etihad Airways carried 2.2 million passengers in January 2026, the Abu Dhabi based airline said in its monthly traffic update, reporting a 29% increase from 1.7 million passengers in January 2025. The carrier also reported a passenger load factor of 89.9% for the month, compared with 89.1% a…
CAIRO: Egypt’s Ministry of Tourism and Antiquities said it has documented a previously unknown rock art site in South Sinai featuring a natural sandstone rock shelter that preserves paintings, carvings and inscriptions spanning thousands of years. The ministry said the site, known as the Umm Irak Plateau, contains layered imagery…
CryptoWire, ABU DHABI: The Central Bank of the UAE has approved the launch of a UAE dirham-backed stablecoin called DDSC, enabling it to go live on ADI Chain, the companies behind the project said on February 11, 2026. The approval adds another regulated digital payment instrument to the UAE’s expanding financial technology…
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MENA Newswire, RABAT: Egypt and Nigeria secured places in the quarter-finals of the CAF Africa Cup of Nations on Tuesday after winning their respective Round of 16 matches, with Egypt defeating Benin 3-1 after extra time and Nigeria recording a 4-0 victory over Mozambique. The results confirmed progression for two of the tournament’s most successful teams as the knockout phase continued across Morocco. Egypt’s match…
ABU DHABI, December 23, 2025: Canadian tennis player Victoria Mboko has been named the Women’s Tennis Association (WTA) Newcomer of the Year for 2025 following a breakout season that propelled her from outside the world’s top 300 to inside the top 20. The 19-year-old from Toronto achieved several milestones across the season, capturing her first WTA 1000 title and establishing…
Automotive
MENA Newswire, ATLANTA: Mercedes-Benz USA has unveiled the 2027 S-Class Sedan as a major update to its flagship luxury sedan, adding new lighting signatures, a revised cabin technology stack and expanded personalization choices. The automaker said the model introduces an illuminated front grille…
MENA Newswire, DETROIT: Ford Motor Co. is recalling about 119,000 vehicles in the United States after federal safety regulators said a defect in certain engine block heaters can raise the risk of an under-hood fire when the heater is plugged in. The recall…
Luxury
MENA Newswire News Desk: The personal luxury goods market, long seen as resilient against economic uncertainty, is witnessing a significant contraction for the first time since the Great Recession. According to Bain & Company’s annual luxury report, global sales are projected to decline by 2% this year, driven by…
Rolex introduces the latest addition to its esteemed collection with the unveiling of the new Oyster Perpetual Rolex Deepsea model. Breaking tradition, this iteration marks the first-ever presentation of the divers’ watch in 18 ct yellow gold. Sporting a distinctive 60-minute graduated Cerachrom bezel insert in blue…