Dubai’s TVM Capital refocuses fund in wake of Abraaj

Dubai-based private equity firm TVM Capital Healthcare hopes to close a $250 million (Dh918.1 million) global fund next year after the collapse of Abraaj, one of the Middle East’s biggest buyout firms, hurt investor confidence in the region. Fund-raising, which started last December, has been delayed by about a year and the fund will target […]

Stocks under a cloud as US political tumult adds to growth anxiety

Tokyo: Global stock markets headed into the year-end under a heavy cloud after another rout this week as US political uncertainty added to heightened concerns over slowing global economic growth. Asian equities were shaky on Wednesday following a Christmas eve Wall Street plunge, as investors were unnerved by US political developments including a US federal […]

Tesla to ring in era of closer Musk oversight before new year

San Francisco: Friday begins a new age for Tesla Inc’s board and Elon Musk’s Twitter feed. It’s the deadline the Securities and Exchange Commission set for the electric-car maker to add two new independent directors, plus take a series of steps to better check its volatile chief executive officer’s presence on social media. Those measures […]

Facebook kicks Myanmar military-linked pages off platform

Yangon: Facebook has removed hundreds of pages and accounts in Myanmar with hidden links to the military, the platform said on Wednesday, as the company scrambles to respond to criticism over failures to control hate speech and misinformation. The social media giant – Myanmar’s most popular and influential site – has been lambasted for years […]

You can book taxis online in Dubai from April

Dubai: Hiring a taxi in five minutes and riding shared taxis will revolutionise the public transport sector in Dubai, enabled by the launch of a new e-hail taxi company in 2019. Waiting time for taxis in Dubai will be reduced to five minutes when the e-hail taxi company floated by Dubai’s Roads and Transport Authority […]