Uber has brought over Careem for US$3.1bn, consisting of US$1.7bn in convertible notes and US$1.4bn in cash
Business & Management
Dubai tops global rank in attracting FDI for AI and robotics
Dubai 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
UAE-US to collaborate on standardisation for construction and oil and gas specifications
The 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
Banque du Caire opens new representative office in UAE
Banque du Caire (BDC) has launched its new representative office in the UAE, with an aim to strengthen its overseas presence
No real growth but North Africa?s economy positive: ENBD report
Emirates NBD, one of the largest banking groups in the Middle East, has published a report on North Africa?s economic outlook 2019