Business
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Arada launches $1.7bn commercial hub in Sharjah, UAE
The Dubai-based communities’ developer Arada has launched the Central Business District, a new commercial hub for Sharjah, with a cost…
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Live updates: What is happening to Netflix in 2022?
It’s been a bad year for the streaming giant “Netflix” from the beginning of 2022; it kept facing a series…
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Saudi approves new companies law to boost entrepreneurship
The Saudi Cabinet approved a new companies law and real estate brokerage law to promote the commercial system in the…
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Domty profits shrink due to the Egyptian pound devaluation
Domty, an Egyptian cheese maker, has reported a 3.8 percent decrease in net profits quarter-on-quarter due to the currency devaluation…
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East African Antler closes $13.5M fund to support early-stage tech startups
Early-stage investor Antler has closed its oversubscribed East Africa investment fund today at US$13.5 million to continue to support early-stage…
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McDonald’s, Coca-Cola, Starbucks suspend business in Russia
McDonald’s, Coca-Cola, and Starbucks have suspended operations in Russia Tuesday, following public pressure and calls to boycott because of not…
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List of brands that pulled out of Russia following Ukraine war
Over the past 13 days, major brands have suspended their operations in Russia following the war in Ukraine. While the…
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Funding Souq raises $2.5m in a seed round
Saudi Arabia-based crowdfunding platform Funding Souq has closed a $2.5m seed round with contributions from various angel investors. Investors include…
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Vodafone plans to cut cost by shifting UK jobs overseas
Beleaguered telecoms giant Vodafone plans to shift UK jobs overseas in a cost-cutting drive. According to an internal memo and…
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UAE-based Fintech Startup ‘Qashio’ Raises $2.5M Pre-seed
Qashio, a UAE-based fintech startup for expense management and corporate cards has raised US $2.5M in its Pre-seed funding round…
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