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DUBAI, June 15 (Reuters) - Abu Dhabi's artificial intelligence firm G42 and Israeli technology investment company Viola Group, which manages $5 billion in assets, on Thursday announced Global Valley, a joint venture to set up a new platform to meet demand for high-skilled tech talent. Based in the UAE capital, Global Valley will employ specialised tech-focused workers from around the world providing a variety of services, as well as help develop Abu Dhabi's local tech sector, a statement from the Abu Dhabi Investment Office, which provided support for the project, said. No figure for the value of the investments by any of the involved parties was provided in the statement. ADIO is a government vehicle tasked with expanding private sector investment into the emirate and helping diversify its economy. We are looking to diversify Abu Dhabi's economy, we want and are developing further platforms for growth.
Persons: Abu, Abdulla Abdul Aziz AlShamsi, Shamsi, Abraham, Rachna, Jason Neely Organizations: Viola Group, Abu Dhabi Investment Office, Tech, Reuters, Trade, UAE, Thomson Locations: DUBAI, UAE, Global, Abu Dhabi, Abu, Israel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe've forgotten the human aspect of business, says Abu Dhabi Investment OfficeAbdulla Abdul Aziz AlShamsi, general director at Abu Dhabi Investment Office, says he's "very … excited about the growth that I'm seeing across the region."
Abu Dhabi-based startup StarLab Oasis, a spin-off from Texan company Nanoracks, wants to grow seeds in outer space in order to develop plant varieties that can survive on a less hospitable Earth. In 2023, StarLab Oasis expects to send its first seeds into orbit. From soybeans to quinoa, seeds grow differently in space than on land. Sending seeds to space will help “sustainability, climate change, and food security on Earth,” StarLab Oasis’ co-founder Allen Herbert tells CNN Business. It plans to work with companies, space agencies, universities and non-profits, to send seeds to space either for research or commercial purposes.
Israel’s OurCrowd to Launch AI Business in U.A.E.
  + stars: | 2022-11-16 | by ( Dov Lieber | ) www.wsj.com   time to read: 1 min
TEL AVIV—Israeli venture-capital firm OurCrowd is investing tens of millions of dollars to start an artificial-intelligence business in the United Arab Emirates, in the latest sign of deepening commercial ties between the two neighbors after they established diplomatic relations two years ago. OurCrowd said it is partnering with Abu Dhabi Investment Office, a government entity responsible for facilitating investment in the U.A.E. capital, to expand its operations in the country, which will see its team grow to 60 employees from four over the next four years.
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