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Qatar takes UAE to UN Court over Human Rights Violation

12Jun By Lavina TolaniNo Comments

MIDDLE EAST

Qatar takes UAE to UN Court over Human Rights Violation

The government of Qatar has alleged UAE over human rights violation and now is taking it to the UN International Court of Justice (ICJ) as cited to the official Qatar News Agency (QNA). The move has come a year after Qatar accused of "terrorism" tied diplomatic and trade relations with Saudi Arabia, Bahrain and Egypt. On the other hand, Doha has repeatedly rejected the allegations as "baseless". According to the government statement,"As set forth in detail in Qatar’s application to the International Court, the UAE led these actions, which have had a devastating effect on the human rights of Qataris and residents of Qatar." Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani said, The unlawful measures imposed by UAE have torn apart families, with parents being separa...

Saudi Arabia bans produce from Kerala fearing Nipah Virus Spread

5Jun By Lavina TolaniNo Comments

INDIA

Saudi Arabia bans produce from Kerala fearing Nipah Virus Spread

Saudi Arabia has reportedly put a ban on processed and frozen fruit and vegetable imports from Kerala amidst severe concerns over the deadly Nipah Virus outbreak. The Nipah virus can result in a dangerous swelling of the brain called-encephalitis and its common symptoms can vary from a cough, headache, high fever, shortness of breath to confusion, reported the Gulf News on Monday. The virus resides naturally in fruit bats across South and Southeast Asia and can spread to humans through contact with the animals’ bodily fluids. The difficult part is that it has no vaccine and no cure. The virus is listed by the W.H.O. as a high priority for research. About 100 tonnes of fruits and vegetables fresh produce that was to be imported from Kerala was prohibited from entry as per orders fr...

UrbanClap Marks an International Debut Lands in Dubai

9May By Lavina TolaniNo Comments

News

UrbanClap Marks an International Debut Lands in Dubai

Four-year-old on-demand home services startup, UrbanClap has marked a successful international debut by offically announcing its launch in Dubai, one of the most populous cities in the United Arab Emirates. The web-based platform which already has its presence in all major Indian metropolitans has chosen Dubai before looking at tier-2 cities in India. As per sources, the startup is looking forward to begins its operations in Dubai with about 100 servicemen in five sectors: home cleaning, packers and movers, handymen and home painting. Abhiraj Bhal, co-founder at UrbanClap confirmed the launch on his social media account today stating, UrbanClap is formally launched in Dubai today. If you are in Dubai, do check out our services. 'We don’t see it as an international expansi...

The Mohammed bin Rashid Innovation Fund in UAE will invest $27 million in 2018

23Mar By Sheldan RungasamyNo Comments

MIDDLE EAST

The Mohammed bin Rashid Innovation Fund in UAE will invest $27 million in 2018

CEO of Emirates Development Bank, Haitham Kamhiyah, stated, “The Mohammed bin Rashid Innovation Fund (MBRIF) plans to provide financial support aggregating AED 100 million (US $27.2 million) for the year 2018,” following MBRIF’s strategy meeting with associates from the Ministry of Finance and members of its Advisory Board. The MBRIF is an initiative sponsored by the state which was initially brought up and financed by the Ministry of Finance to bring financial support to local innovators in accessing affordable finance through the facility of a guarantee backed by the government. The financial ticket sizes range from AED 1 million ($272,250) to AED 10 million ($2.7 million). “The fund is in line with the UAE National Innovation Strategy (Vision 2021), with the aim to place UAE among...

Dubai “Worlds First City” Gets Its Own Typographic Font

2May By AdityaNo Comments

MIDDLE EAST

Dubai “Worlds First City” Gets Its Own Typographic Font

Dubai has teamed up with Microsoft to become the worlds first city to have a font named after the gleaming metropolis. Crown Prince of Dubai and Chairman of the Executive Council of Dubai Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum yesterday launched the Dubai Font in line with the UAEs vision to become a regional and global leader in innovation. The font, the first typeface developed by Microsoft for a city, comes in both Arabic and Latin script and will be available in 23 languages to 100 million Office 365 users around the world. "The launch of the Dubai Font to the world is a very important step for us as part of our continuous efforts to be ranked first in the digital world," Shaikh Hamdan was quoted as saying by media reports. He also directed government departments ...

UAE-India Venture Capital Fund Idein Ventures Recruits Ex-Co-founder of Zoomcar as an Advisor

14Feb By AdityaNo Comments

News

UAE-India Venture Capital Fund Idein Ventures Recruits Ex-Co-founder of Zoomcar as an Advisor

The Co-Founder of Zoomcar, David Back has Been Tapped to Advise the UAE-India Venture Capital Fund and its Portfolio Companies. Idein Ventures is a seed-stage VC fund with offices in the United Arab Emirates, Mumbai, and Hyderabad. David Back co-founded Zoomcar, the first company in India to offer 'self-drive' car rentals with no chauffeur. Zoomcar launched in Bangalore exactly 4 years ago today, on February 14, 2013. When David left India almost 3 years later, Zoom had grown from 7 cars to almost 1,500 vehicles in 6 cities. It continues to expand and now has about 2,500 vehicles in 17 Indian cities. David has worked as a consultant at McKinsey, as an investment manager at Goldman Sachs, and as a research analyst at the Kauffman Foundation. He is currently an Expert Advisor with Alph...

Venture Capital Firm Next Orbit Ventures Received Commitment of $750 Million From UAE Investors

19Oct By NitishNo Comments

FUNDING

Venture Capital Firm Next Orbit Ventures Received Commitment of $750 Million From UAE Investors

Venture capital firm Next Orbit Ventures (NOV) has received commitment from UAE-based investors, including DP World, Emmar and Etisalat, for its over USD 750 million or Rs 5,000 crore fund. The company plans to invest the proceeds of the over Rs 5,000 crore (USD 750 million) fund in digital, analog and solar fabrication (fabs) projects along with semiconductor design, electronics, led and solar products to feed those fabs, a statement said today. "The investors from UAE International Investors Council which includes 18 UAE entities like Mubadala, DP World, Etisalat, Emmar, among others have shown keen interest in investing in this fund and the project," company's founder and Managing Partner Ajay Jalan said. Nearly 49 per cent of the commitment towards the fund is expected from the C...