US Congress panel urges tech giant breakup plan

Washington: A House panel proposed far-reaching antitrust reforms to curb the power of U.S. technology giants including Amazon.com Inc. and Alphabet Inc.’s Google, culminating a 16-month investigation with a damning 449-page report that Republicans largely shunned. The recommendations from the House antitrust subcommittee represent the most dramatic proposal to overhaul competition law in decades, and […]

Al Naboodah owned Phoenix strikes a partnership with Israeli venture funding firm OurCrowd

Dubai: OurCrowd, the venture investing platform from Israel, has entered a memorandum of understanding with Phoenix, a UAE business development company, to develop business and tech ties between the countries. The former will identify and support UAE-based startups seeking growth and development in Israel. Phoenix is headed by Abdullah S. Al Naboodah, Chairman of Al Naboodah […]

Why Tesla is interested in Indonesia

JAKARTA: Indonesia’s government is in early discussions with electric vehicles maker Tesla about a potential investment in the country, a major producer of nickel, an official said. Indonesia is keen to develop a full supply chain for nickel at home, especially for extracting battery chemicals, making batteries and eventually building electric vehicles. It has stopped […]