Gatwick Airport faces a critical juncture as a proposed 300% increase in business rates threatens to undermine £4.2bn in planned investments. The airport’s expansion, which includes activating a second runway and creating 14,000 jobs, now hangs in the balance ahead of next month’s Budget decision. I
A new AI startup founded by Scale AI veteran Bilal Abu-Ghazaleh has raised $9 million in seed funding to tackle operational inefficiencies in critical Middle Eastern industries. 1001 AI is developing an AI-native operating system specifically designed for aviation, logistics, and construction sectors across the MENA region. The platform aims to automate complex decision-making processes in physical operations that reportedly account for billions in regional inefficiencies.
1001 AI, a startup developing artificial intelligence infrastructure for critical industries across the Middle East and North Africa, has reportedly secured $9 million in seed funding according to recent reports. The round was led by prominent venture firms CIV, General Catalyst, and Lux Capital, with participation from global and regional angel investors including Chris Ré, Amjad Masad of Replit, and members of prominent Gulf business families.
