Jet Air weighs a restart of bailout talks with Tata Group

Mumbai: Jet Airways India Ltd., the airline which had its credit rating cut to default this month, is weighing a resumption of stake-sale talks with the Tata Group as the carrier is poised to run out of cash, people with knowledge of the matter said. While its founder and Chairman Naresh Goyal has been discussing […]

2018 a bumper year for start-up investment in Middle East: Funding soars to $893 million

Dubai: The Middle East and North Africa (Mena) saw a total of $893 million (Dh3.28 billion) invested in start-ups last year, following a record number of deals. Funding was up by 31 per cent on 2017 when excluding the outlier $200 million raised by Careem, distributed among 366 transactions, according to MAGNiTT’s 2018 Mena Venture […]