Net Profit Decline Despite Revenue Growth Dubai’s Emirates Central Cooling Systems Corporation (Empower) published its financial results for the second quarter of 2024, showing quite a mixed performance. Net profit

The luxury car market in India has been witnessing such a steep surge, driven by increasing millionaires seeking cars that can give much more than just simple movements from one

Takeover Attempt Falls Through Wood Group (WG.) shares plunged 38% to 122.3p on Monday after Sidara unexpectedly pulled out of merger talks. The Dubai-based engineering and consulting company, known formally

In what has been received as positive news, AI startup Groq Inc. hit a key milestone by attaining a valuation of $2.8 billion following its latest funding round. That development

Investment Details and Beneficiaries Oraseya Capital, the venture capital arm of the Dubai Integrated Economic Zones Authority (DIEZ), announced more than $1 million of investment in seven innovative tech startups.

Dubai Chamber of Commerce Highlights GCC Market’s Continued Significance The Dubai Chamber of Commerce, one of the Dubai Chambers, has released its trades statistics for the first half of 2024.

The newly elected UK Labour government has just pulled funding of £1.3 billion allocated to technology and artificial intelligence (AI) projects by the previous Conservative administration. It has thrown sand

Overview of July’s Performance The United Arab Emirates’ non-oil private sector hardly witnessed any growth in July 2024, with the index recording the lowest level since almost three years ago.

From July 29 to August 3, 2024, the funding activities were at a high note in the Indian startup ecosystem. Some 32 startups raised around $341 million during this period.

Rising Transaction Volumes The real estate market of Dubai is fighting well against predictions of a slowdown and could finally break free from its traditional boom-and-bust cycles. Further driving the

In our weekly funding roundup reports, we bring you the latest and most exciting funding news from the vibrant business landscape of Dubai. This week, we highlight significant investments in

The Union government has supported more than 10,000 technology startups in a massive outlay of Rs 580 crore over the last five years. It has been one such initiative by