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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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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