Prince Alwaleed Takes $266.7 Million Stake In Deezer

Saudi Arabian business tycoon Prince Alwaleed Bin Talal has announced that he has completed a $266.7 million (SAR1 billion) deal to buy newly issued shares in French...

Spotify Launches in the Middle East and North Africa

Spotify, the world’s most popular paid music streaming service, officially launched in the Middle East and North Africa on Tuesday. The company said services would now be...

Gary Vaynerchuk To Headline Sharjah’s Entrepreneurship Festival

Sharjah Entrepreneurship Center (Sheraa) announced that the second edition of the largest entrepreneurship festival in the UAE, Sharjah Entrepreneurship Festival (SharjahEF), will be held on November 20-21,...

Dubai Prepares to Welcome the 7th Global Family Office Investment Summit

Grand preparations are already underway in Dubai as the Pearl of the Arabian Gulf gears up to host the highly anticipated 7th Global Family Office Investment Summit. Featuring the theme "East Meets...

Aramco Weighs $1 Billion Venture Capital Fund For Tech

Saudi Arabia’s national oil company is considering a $1 billion venture-capital fund to invest in international technology firms, according to people familiar with the proposal, as the...

Standard Chartered pilots world’s first blockchain-based trade finance guarantees

Standard Chartered announced today a collaboration with SiemensFinancial Services, the financing arm of Siemens, and TradeIX, a digital trade provider, to carry out an industry-first client pilot to create an...

Dubai to launch world’s first blockchain court

The Dubai International Financial Centre (DIFC) Courts has partnered with Smart Dubai to create the world's first Court of Blockchain, according to the Dubai Media Office. The partnership is the first step...

Mark Zuckerberg Lost $15.1 Billion in 5 Minutes

Facebook Inc, the fifth-largest global stock by market capitalization, collapsed 18.96 per cent on Thursday, the biggest one-day wipeout in U.S. stock market history, after the social...

Jabbar Announces the Launch of New Fintech Company Kambio Ventures

Jabbar, the renowned investor and prolific innovator is set to disrupt the financial services sector with the launch of Kambio Ventures, announced today. Kambio Ventures is building...

More than half billion Chinese pay by mobile phones

China saw fast expansion in the number of mobile payment users last year, reaching 527 million at the end of 2017, according to an internet industry report. The...

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