Roche to acquire Carmot Therapeutics for $3.1B, gaining access to innovative obesity and diabetes treatments. The deal includes clinical-stage assets with potential for standalone and combination therapies. Expected to close in Q1 2024, pending regulatory approval.
Middle East's global green tech investment soars 200% to $5B in 2023, defying a global decline. Local innovators face a funding gap, receiving <2%.
The Inflation Reduction Act fuels a $92 billion surge in U.S. electric vehicle manufacturing, generating 84,000 jobs. This comprehensive legislation positions the nation as a global leader, driving innovation and economic growth in the rapidly evolving EV industry.
Epsilon Advanced Materials (EAM) to invest $650 million in a North Carolina EV battery facility, creating 500 jobs and targeting 1.10 million EVs by 2030, addressing supply chain challenges.
Dubai's Keyper secures $6.5 million seed funding for global expansion, featured in The National. The proptech firm will enter Saudi Arabia in 2024 and explore other international real estate markets. The investment aims to digitize real estate processes and leverage AI for efficiency.
Samsung Biologics & Kurma Partners team up for biologics development & manufacturing, empowering startups in Kurma's portfolio with tailored CMC services & global expertise. A strategic partnership driving biopharmaceutical innovation.
Hyundai Motor signs key MOU with Saudi partners to establish a hydrogen-based mobility ecosystem. This strategic move supports Saudi Arabia's "Vision 2030" and "Green Initiative" for sustainable, low-emission transportation, with a focus on hydrogen fuel cell technology.
PIF and Hyundai establish a strategic joint venture to build an advanced auto manufacturing plant in Saudi Arabia. With PIF holding a 70% stake, the project plans to produce 50,000 ICE and EVs annually, fostering job creation and knowledge transfer, and advancing the Kingdom's automotive industry.
JLL research reveals 80% of companies are boosting their technology budgets despite challenges, highlighting a resilient commitment to technology investment in the commercial real estate.
PwC's 2023 report shows a 40% fall in climate tech investments due to economic uncertainty. Despite this, first-time investors show interest, highlighting the industry's continued allure.
Google introduces innovative electric vehicle features, empowering shoppers with insights on prices, ranges, incentives, and fuel costs to promote informed, eco-conscious EV choices.
Edesa Biotech secures C$23 million in government funding for Phase 3 clinical study of EB05, a pioneering immune therapy, as announced in their press release. The funding reinforces their commitment to advancing healthcare innovation.