News
SMEs in the GCC Region Expected to Grow 156% to $920 Billion
The Small and Medium Enterprises (SME) sector in the GCC region presents a potential of $920 billion with 156% growth in the next five years. The sector will employ 22 million people, according to a n...
Entrepreneurs’ Organization UAE Chapter Hosts Learning Event with Skype Co-Creator
Entrepreneurs’ Organization (EO) UAE, the local chapter of a dynamic global network of entrepreneurs, hosted Jonas Kjellberg at the Viceroy Palm Jumeirah Hotel in Dubai. Over 70 EO members and t...
Justmop.com Secures Series A Financing Round
Taking on-demand home services to a new level in the GCC is justmop.com. The innovative company has recently announced the completion of its Series A round of funding. This announcement comes fresh on...
HiSense Acquires Toshiba’s TV Biz for $113 Million
Hisense Electric Co., Ltd, a publicly listed subsidiary of Hisense Group announced the agreement to acquire Toshiba TV Productions for a total of $113 Million (12.9 Billion Japanese Yen). In this tran...
Dubizzle Buys Two Dubai-Based Companies
Dubizzle has purchased two Dubai-based companies – Masterkey and Airlist. The company acquired these companies in a bid to offer enhanced and comprehensive services to real estate industry profe...
Graphcore Secures $50 Million from Sequoia Capital
The Bristol-based AI startup Graphcore has today announced a $50 million Series C funding round led by Sequoia Capital. The fast-growing machine intelligence company prepares to ship its first Intelli...
QUOINE Raises $150 Million in Oversubscribed ICO
Cryptocurrency firm Quoine, the first licensed global cryptocurrency exchange in Japan to launch a global Initial Coin Offering (ICO), has closed its oversubscribed ICO – the QASH Token Sale – and rai...
Uber to Sell a Large Chunk of Stake to Softbank
Uber has struck a deal that could lead to a huge investment by a consortium led by Japanese conglomerate Softbank and San Francisco group Dragoneer. The size of the potential investment has not been d...
Razer Raises $528M in Hong Kong IPO
Razer shares commenced trading on the Hong Kong stock exchange in one of Southeast Asia’s most highly anticipated tech company IPOs. The gaming peripherals maker – currently based in the US, but with ...