Buffett finally embraces Amazon as Berkshire acquires stake

New York. Warren Buffett has said that he underestimated Amazon.com Inc’s Jeff Bezos. Now one of Buffett’s deputies is willing to put money behind the tech giant. Berkshire Hathaway Inc has been buying Amazon shares and the purchases will show up in a regulatory filing later this month, Buffett told CNBC in an interview on […]

Over 10 finance and investment deals struck at Arab Youth Startup Marketplace

DUBAI More than ten finance and investment deals and partnerships have been struck between young Arab entrepreneurs and investors during the second Arab Youth Startup Marketplace, AYSM, which was organised over the last two days by the Arab Youth Centre, AYC, under the patronage of Shaikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister, Minister […]

AI-powered prosthetic arm company eyeing IPO

Dubai BrainCo, a technology company that builds artificial intelligence-powered prosthetic hands for amputees, has said it plans to eventually go public to reach as wide an audience as possible. The company, spun off from an incubator at the Harvard Innovation Labs, has said it is plans to market its prosthetic arm for “social good,” subsidising […]

Central banks are ditching the US dollar for gold

First-quarter gold purchases by central banks, led by Russia and China, were the highest in six years as countries diversify their assets away from the US dollar. Global gold reserves rose 145.5 tonnes in the first quarter, a 68 per cent increase from a year earlier, the World Gold Council said Thursday in a report. […]