Instashop and Zomato owner launches $60.77mln venture capital fund

January 13, 2021     /

Instashop and Zomato owner launches $60.77mln venture capital fund Delivery Hero, a food delivery giant, says the fund, DX Ventures,…

Movie ticket sales worldwide plummet by $31bln for first time in 2 decades

January 12, 2021     /

Movie ticket sales worldwide plummet by $31bln for first time in 2 decades Global box office revenues hit less than…

Walaa board recommends capital increase with target of $206.67mln

January 12, 2021     /

Walaa board recommends capital increase with target of $206.67mln The increase is to support growth and maintain the solvency margin…

MENA start-up funding increases by 13% to top $1bln

January 12, 2021     /

MENA start-up funding increases by 13% to top $1bln The highest funded company was EMPG, parent company of Dubai-based property…

CEO of Dubai’s Emaar Malls resigns after four months on the job

January 12, 2021     /

CEO of Dubai’s Emaar Malls resigns after four months on the job Operator of Dubai Mall names temporary replacement Read…

MENA equity capital market: Issuances total $4.6bln in 2020, down 86% from 2019

January 12, 2021     /

MENA equity capital market: Issuances total $4.6bln in 2020, down 86% from 2019 The largest ECM issuance in MENA was…

UAE property market to decline further as oversupply hits close to 1 million units

January 12, 2021     /

UAE property market to decline further as oversupply hits close to 1 million units Project handovers pick up in Dubai,…

Tuesday Outlook: Stocks fall from records; dollar rises again, bitcoin tumbles

January 12, 2021     /

Tuesday Outlook: Stocks fall from records; dollar rises again, bitcoin tumbles Gold gains; oil prices sapped by rising COVID-19 cases…