Softbank partners with India’s Oyo in Latin America in move for more oversight

Sao Paulo/New Delhi: Softbank Group is taking a direct role in managing its virus-hit hospitality startup Oyo’s operations in Latin America through a joint venture which will control all hotels in the region, the head of Oyo Brazil told Reuters in an interview on Friday. Softbank, the biggest investor in Oyo, will use part of […]

UAE will script a post-pandemic recovery around high technology, says Dr. Sultan Al Jaber

Abu Dhabi: The UAE will continue to place technology at the forefront of its economic strategy for job growth, with the pandemic highlighting now more than ever the need for new technologies, according to Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology. “The UAE believes advanced technologies have a vital role to play […]

How Dubai provides equal opportunity for public and private sectors

Dubai: Going forward, government-owned businesses in Dubai will not compete directly with the private sector. That, in a nutshell, is what Dubai did earlier this week with the passing of Executive Council Resolution (No. 23) of 2020, which sets out clear guidelines on the launch of any new company by the government. According to market […]

Global pandemic has changed the world forever says Mubadala chief

Abu Dhabi: Companies and businesses around the world will have to adapt to the new reality of a post-COVID world or risk getting left behind according to Khaldoon Al Mubarak, managing director and group CEO of Mubadala, who emphatically stated that there won’t be a return to business as usual. “What we’re going to see […]