Business
Shuaa Capital reports Dh50.8m in Q2 loss
Shuaa Capital, the Dubai-listed investment bank, reported on Saturday Dh50.8 million in net loss for the second quarter of 2016, marking a significant plunge from the Dh1.7 million in net profit repor...
TiE Dubai to Host Interactive Workshop on Online Advertising
As part of its ongoing mission to foster entrepreneurship and commitment to share educational experiences with its regional members, the Dubai Chapter of The Indus Entrepreneurs (TiE) is hosting a spe...
Mind Rockets Named Jordan’s Best Startup at Seedstars Amman
Seedstars World, the global seed-stage startup competition for emerging markets and fast-growing startup scenes brought its Jordan round to a successful close during Seedstars Amman. The event took pl...
Minimal Brexit Impact expected in the Middle East
As many come to terms with the result of the June 23, 2016, British referendum to leave the European Union, many are considering whether there may be a ripple effect as far away as the Middle East. Wi...
Souqalmal.com becomes the fastest growing online car insurance portal
Souqalmal.com, who announced the launch of its online end-to-end car insurance comparison platform across the UAE in June, has since become the fastest growing online retail car insurance portal in te...
TURN8 forms a new Venture Capital Fund
: Dubai-based TURN8 has launched $60 million Venture Capital Fund for technology innovation. TURN8 Innovation Fund I L.P. makes TURN8 one of the largest providers of seed capital in the region caterin...
Crisis-Hit Construction Firm Oger Gets Help From Saudi Government
Saudi Arabia’s government is discussing a proposal to take over construction conglomerate Saudi Oger, owned by the family of former Lebanese Prime Minister Saad al-Hariri, a Lebanese newspaper reporte...
Businesses Can Use VPN Says UAE Watchdog
The telecommunication watchdog of the UAE has said that there are no regulations in the country which prevent the use of virtual private networks (VPN) technology by companies, institutions and banks ...
Dubai to invest $275 mln in global innovation initiative
The Dubai government on Tuesday said it plans to invest 1 billion dirhams ($275 million) over the next five years in a new initiative that challenges global companies to brainstorm technological advan...