September 10th, 2018Careem, the leading ride-hailing company in the Middle East has announced that it has started a service in Sudan, one of few international companies to enter the country since US economic sanctions were lifted last year.
Following this move, Careem has hired 10 Sudanese employees and signed up hundreds of drivers to its app to launch…
September 1st, 2018With the increased demand for beauty and wellness products among the people, UAE is now among the top spenders in cosmetics and personal care products across the globe.
People these days are preferring natural skin care treatments, non-invasive beauty procedures and also with the growing influence of beauty and lifestyle bloggers has…
August 22nd, 2018Saudi Arabia-based public investment fund is reportedly looking to invest in Lucid Motors, a Newark, CA-based electric car maker which is also a rival of Elon Musk’s Tesla.
The amount of the fund is expected to be more than $1 billion and the fund ownership of the company will be transferred as stated by the reports. Under this…
August 15th, 2018The ever emerging Chinese smartphone maker Xiaomi announced that it has launched its first official store in Israel. The store was opened in the coastal city of Tel Aviv on Tuesday.
The company stated that the newly set up store will be offering more than 100 products, that will comprise of smartphones, laptops, cameras, speakers,…
August 6th, 2018Qatar based Qatar Investment Authority, or QIA, signed a memorandum of understanding with the Indonesian government for a $500 million investment in Indonesia tourism.
Under this agreement, QIA will invest the amount on 10 tourist destinations in Indonesia, also known as “10 New Balis.”
The destinations include Lake Toba in North…
July 28th, 2018Dubai, the largest city in the United Arab Emirates (UAE) has been given the title of one of the world’s top five maritime/shipping hubs in the International Shipping Centre Development Index (ISCD).
The countries that stand above Dubai in the index published by the London-based shipping exchange the Baltic Exchange and Xinhua are…
July 21st, 2018China will be setting up a state-owned financial service firm in United Arab Emirates (UAE) Abu Dhabi’s financial hub. This firm will provide lending facilities to Chinese companies operating in the emirate’s industrial zone.
Abu Dhabi Global Market (ADGM) stated that the company has been approved by its Financial Services Regulatory…
July 6th, 2018Uber Technologies is in preliminary talks with the Middle East cab service company Careem Networks for the purpose of combining their ride-hailing services in the Middle East.
Both the cab companies have discussed various considerable deal structures but have still not come to an agreement. According to the reports, current leaders of…
June 30th, 2018Middle East country Israel is partnering with several countries including India to develop state-level cyber shields via its nodal agency Israel National Cyber Directorate (INCD).
According to Yigal Unna, director general, INCD, Isreal garners 20% of the total global private investments in cybersecurity and is now looking to…
June 30th, 2018Jazeera Airways, Kuwait’s leading low cost airline that operates regionally as well as internationally has inaugurated the Jazeera Terminal (T5) at the Kuwait International Airport. The airlines has launched the Ride & Fly transport service that will provide service to passengers from 17 steadfast stops across residential areas in…
June 29th, 2018Freedom of Expression may shrink further in Egypt has lawmakers have agreed to the reading of a bill that would monitor popular social media users in the name of combating “false news”.
It is interesting to note that Facebook and Twitter have been the centre of debate in Egypt since November 2013 ban on all but police-approved…
