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ADQ, Oman Investment Authority launch a $180M fund to bolster the digital economy
The newly launched Jasoor Fund will invest in small and medium enterprises and startups in sectors including FinTech, EdTech, HealthTech, cleantech, food and agriculture, and logistics
FDA launches the Home as a Health Care Hub initiative
The hub will be designed as an Augmented Reality/Virtual Reality (AR/VR)-enabled home prototype and is expected to be completed later this year
HAYAH introduces Health Protect calling it the first digital health insurance in the UAE
The solution aims to revolutionize the way individuals secure coverage for their healthcare needs
OpenAI’s demonstrated near-expert levels in assessing eye problems
The AI excelled in both basic recall tasks and complex reasoning challenges, demonstrating an impressive ability to interpolate, interpret, and process information
Arab Theraby raises $1 million Seed round
The investment has paved the way for Arab Therapy to make a global impact, expanding into new markets and reaching a broader, more diverse audience
25 startups from 11 countries join Hub71’s 14th cohort
Only two of them are related to digital health - BioTwin and Pangea Bio
Microsoft invests $1.5B in Abu Dhabi’s G42, helps UAE’s position as a global AI hub
The two companies will collaborate to ensure the benefits of secure AI technologies and cloud capabilities are responsibly shared with growing economies globally; they will also support the establishment of a $1B fund for developers
Rock Health: US digital health companies raised $2.7B in Q1 2024
The average deal size was $20.6 million; 40% of Q1's funding total went to AI-enabled companies ($1.1B across 45 deals), rising from 33% of 2023 digital health funding
Trial: VR can improve pain in hospitalized patients with cancer
Using VR provided more nonpharmacologic pain relief than active control and this benefit sustained long after the conclusion of the intervention
Abu Dhabi Stem Cells Center working to enhance treatment for multiple sclerosis
The grant from the National Multiple Sclerosis Society will support ADSCC's ongoing clinical trials, particularly the Extracorporeal Photopheresis (ECP) for Optimal Management of Multiple Sclerosis study, which started in 2022

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