Dubai: A subsidiary of Mohammed Bin Rashid Fund for SMEs has picked up a stake in Fodel, the logistics start-up that specialises in last-mile delivery in the UAE. The investment was done by Dubai Cultiv8 Investments Ltd., and manages a $100 million tech fund. “Middle East-based delivery and transport startups rank third by number of […]
London (Bloomberg): The world’s richest 1 per cent have more than twice the wealth of the rest of humanity combined, according to Oxfam, which called on governments to adopt “inequality-busting policies”. In a report published ahead of the World Economic Forum’s annual meeting in Davos, the UK-based charity said governments are “massively under-taxing” rich individuals […]
Real estate transactions valued AED24.2 billion in the Emirate of Sharjah in 2019 increasing by 7.3 percent in More…
UAE has always been seeking to promote peace, development all over the world: Sheikh Abdullah.
DAVOS: The head of the World Economic Forum says it’s “reassuring” that U.S. President Donald Trump and climate activist Greta Thunberg will both return to its annual meeting in Davos this year, noting that concerns about the environment will be a key topic. WEF founder Klaus Schwab sees vast changes in business, society and culture […]
The UAE stock markets rallied Sunday, driven by banking and property blue chips that kept sentiments high on the week’s More…
Qasr Al Watan, Abu Dhabi’s newest cultural landmark, was awarded the Pride of Abu Dhabi Award for “Best Favourite More…
A total of 1,131 new international companies set up operations in Saudi Arabia in 2019, registering a 54 percent More…
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, on Sunday met with More…
Abu Dhabi: Oil prices could see prices going up in the short term with a disruption in supply after oil production in Libya was down by 800,000 barrels on Friday, analysts said. Oil markets on Friday saw Brent trading on $64.85 and West Texas Intermediate (WTI) at $58.54, both down on the week with continued […]