With a total of $250 million (AED 918 million), the Mubadala MENA tech funds will capitalise on the growing startup scene in the region while empowering tech talent in the Emirates and across the wider region.
The overall investment in the UAE’s space projects exceeded AED 22 billion with more than 10 percent growth rate on projects expenditure during the past two years.
SoftBank Group has won approval to conduct a $21.04 billion (2.4 trillion yen) initial public offering (IPO) of its domestic telecoms business.
Saudi Arabia has recently announced the appointment of a global advisory board for the planned $500 billion megacity NEOM.
Toyota Motor and SoftBank Group said they would team up to develop new transport services.
Altaba Inc, formerly known as Yahoo! Inc, said it expects to incur a total of $47 million in litigation expenses to settle the three cases for failing to disclose the 2014 cybersecurity breach.
Saudi Arabia sovereign wealth fund is in talks to invest in Lucid Motors, an aspiring Tesla rival, according to a …
Abu Dhabi Global Market (ADGM) has opened the second edition of the FinTech Abu Dhabi Summit.
Plenty Inc. plans to start selling locally grown produce, including kale and other leafy greens, to communities in Abu Dhabi and Dubai early next year, Bloomberg reported.
Japan’s SoftBank Group Corp reported a 49 percent jump in quarterly profit on Monday, Reuters reported.