Business & Management

Uber buys Careem for US$3.1bn

Uber careemUber has brought over Careem for US$3.1bn, consisting of US$1.7bn in convertible notes and US$1.4bn in cash

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Dubai tops global rank in attracting FDI for AI and robotics

Dawood Al ShezawiDubai has ranked first globally in attracting foreign direct investments (FDIs) for artificial intelligence (AI) and robotics, while the UAE ranked sixth in the global smart service index, surpassing the USA, UK and South Korea

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UAE-US to collaborate on standardisation for construction and oil and gas specifications

construction usuaeThe Emirates Authority for Standardisation and Metrology (ESMA) has discussed opportunities for bilateral cooperation with the US in the fields of oil and gas sector specifications, construction and rationalisation of energy consumption, commensurate with the UAE and US specifications in these sectors, and address the technical barriers to trade

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Banque du Caire opens new representative office in UAE

ASH 7517 fin 2Banque du Caire (BDC) has launched its new representative office in the UAE, with an aim to strengthen its overseas presence

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No real growth but North Africa’s economy positive: ENBD report

29576661903 7e7cb080a1 zEmirates NBD, one of the largest banking groups in the Middle East, has published a report on North Africa’s economic outlook 2019

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