Ride-hailing firm Grab to invest $500 million in Vietnam

SINGAPORE: Ride-hailing giant Grab said on Wednesday it will invest $500 million (Dh1.8 billion) over five years in Vietnam, the company’s latest expansion in a key Southeast Asian market. The Singapore-based firm has grown rapidly since it ended a bruising battle with Uber last year by buying its US rival’s ride-hailing and food operations in […]

How fintech start-up backed by Dubai became a $1 billion ‘unicorn’

A Dubai-backed fintech firm whose investors include Investment Corporation of Dubai and Josef Ackermann has raised additional money to value the company at more than $1 billion as it prepares to expand outside its main market of Germany. Numbrs Personal Finance raised $40 million to bring the total capital invested to almost $200 million, Chief […]

Over 5,000 animal breeders expected to attend inaugural EuroTier Middle East in Abu Dhabi

Abu Dhabi Europe’s biggest livestock fair will be coming to Abu Dhabi next week with the inaugural EuroTier Middle East, with over 150 companies from 18 countries set to take part alongside 5,000 animal breeders, its organisers said on Wednesday. Taking place at the Abu Dhabi National Exhibition Centre from September 2-4, the event will […]

LuLu Group launches Dh500,000 back to school scholarship

Abu Dhabi: LuLu Group last week unveiled its back to school campaign featuring affordable school supplies from August 21 to September 10. This year’s highlight includes Dh500,000 in scholarships, in partnership with education company BYJU’S. Under this initiative, 50 shoppers will get Dh10,000 each. Another highlight is the one-year warranty on all school bags at […]