Career 180 Secures Funding and Expands to Saudi Arabia; Dubai Attracts 39% More Companies in Q1 2025
Key Takeaways
- Career 180 secured six-figure investment, expanding into Saudi Arabia to train 1M+ and place 50K.
- Dubai attracted 53 companies in Q1 2025, a 39% increase, including more MNCs and SMEs.
- CPX Holding acquired cyber-AI startup spiderSilk to integrate AI threat detection and expand regionally.
- Brown Advisory, with $161.7B AUM, opened Abu Dhabi office due to client demand.
- Lucid Group partners with KAUST to advance EV tech, utilizing KAUST's supercomputing.
Top Stories
Career 180 receives funding, expands to Saudi Arabia
On May 7, 2025, Egyptian edtech platform Career 180 secured six-figure investment from Den VC and is expanding into Saudi Arabia with Value Makers Studio (VMS) support. The funding will scale its LMS, translate content, and broaden operations, aiming to train over 1 million and place 50,000 in jobs.
Dubai attracts 39% more companies in Q1 2025
On May 7, 2025, the Dubai International Chamber reported attracting 53 companies to Dubai in Q1 2025, a 39% increase from Q1 2024. This includes an increase in multinational companies (120%) and SMEs (27%), driven by initiatives to attract foreign direct investment.
CPX Holding acquires cyber-AI startup spiderSilk
On May 7, 2025, UAE-based CPX Holding acquired UAE-based cyber-AI startup spiderSilk, including its Resonance platform. The acquisition aims to integrate threat detection with AI for intelligent defence and expand into North America, Saudi Arabia, and the GCC.
Brown Advisory opens Abu Dhabi office
On May 7, 2025, Brown Advisory, managing $161.7 billion in assets, opened an office in Abu Dhabi Global Market (ADGM). This expansion is driven by client demand for US equity and fixed income strategies, with Jack Weatherby relocating as Head of Middle East.
Lucid Group partners with KAUST on EV technology
On May 7, 2025, Lucid Group and King Abdullah University of Science and Technology (KAUST) announced a partnership to advance EV technology. Collaborative R&D will occur at KAUST's laboratories in King Abdullah Economic City, and Lucid will access KAUST’s supercomputing.