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Dubai Chamber of Digital Economy Hosts Digital Advocacy Workshop to Address Funding Gaps for Startups-thumnail

Dubai Chamber of Digital Economy Hosts Digital Advocacy Workshop to Address Funding Gaps for Startups

Dubai Chamber of Digital Economy, a division within Dubai Chambers, recently held a successful Digital Advocacy Workshop that focused on tackling the funding and investment challenges faced by digital startups.

Business

Nov 7, 2024

Nexstem Secures $3.5 Million for Further Development of Brain-Computer Interface Technology-thumnail

Nexstem Secures $3.5 Million for Further Development of Brain-Computer Interface Technology

Bengaluru-based deep-tech startup Nexstem recently raised $3.5 million in funding, co-led by prominent investors including InfoEdge, Zupee, Smile Group, and duo Nikhil Kamath and Abhijeet Pai from Gruhas. This funding

Business

Nov 7, 2024

Boldfit Closes ₹110 Crore Round to Develop Products, Enhance Brand Visibility-thumnail

Boldfit Closes ₹110 Crore Round to Develop Products, Enhance Brand Visibility

Boldfit, a direct-to-consumer fitness startup, has brought in ₹110 crore (~ USD 13 million) in a new round of funding led by Bessemer Venture Partners. This significant investment highlights growing

Business

Nov 7, 2024

Dubai Real Estate Market Nears AED 500 Billion in Annual Sales Milestone-thumnail

Dubai Real Estate Market Nears AED 500 Billion in Annual Sales Milestone

Dubai real estate is likely to well surpass AED 500 billion in sales by the end of 2024 after recording a historic October that boosted year-to-date figures. The total sales

Business

Nov 7, 2024

Dubai’s Commercial Office Market Faces Big Rental Surge-thumnail

Dubai’s Commercial Office Market Faces Big Rental Surge

The commercial office market in Dubai continues to “touch the sky” in terms of historic high demand, with rising occupancy and rentals across key business districts. According to global real

Business

Nov 7, 2024

AstroTalk Sees Amazing Growth in FY24, Thanks to Surging Popularity of Astrology-thumnail

AstroTalk Sees Amazing Growth in FY24, Thanks to Surging Popularity of Astrology

Astrology continues to boom in India. The latest digital astrology consultancy platform to rise to the top is AstroTalk. Based out of Noida, this platform has managed to register a

Business

Nov 6, 2024

Lenskart Reports 43% Revenue Growth Amid Rising Costs and Strategic Expansion-thumnail

Lenskart Reports 43% Revenue Growth Amid Rising Costs and Strategic Expansion

The revenue from operations in the fiscal year ending March 2024 has seen an increase of 43 percent, with the overall revenues being a tad slower at 2.5X year-over-year growth

Business

Nov 6, 2024

Lulu Retail Holdings Secures $1.72 Billion in UAE’s Largest IPO of the Year-thumnail

Lulu Retail Holdings Secures $1.72 Billion in UAE’s Largest IPO of the Year

Hypermarket operator Lulu Retail Holdings Plc had successfully raised US$1.72 billion, or RM7.49 billion, from its initial public offering in Abu Dhabi, placing it as the largest listing this year

Business

Nov 6, 2024

RAKBANK Partners with Paramount and Archer to Elevate Risk Management and Compliance-thumnail

RAKBANK Partners with Paramount and Archer to Elevate Risk Management and Compliance

Strategic Partnership Introduces Integrated Risk Management Solution for Enhanced Operational Resilience. RAKBANK stated that it will enter into a strategic partnership with Paramount and Archer for an advanced Governance, Risk,

Business

Nov 6, 2024

Amlak Finance’s Q3 Net Profit Drops Five-Fold to AED 53 Million-thumnail

Amlak Finance’s Q3 Net Profit Drops Five-Fold to AED 53 Million

Revenue Growth Outpaced by Rising Costs and Currency Impact. The bottom line at Amlak Finance came under severe hammering. Its net profit in the third quarter of 2024 was recorded

Business

Nov 6, 2024

LEOS Developments Announces $299 Million Kensington Gardens Project in Dubai’s Greenwood Community-thumnail

LEOS Developments Announces $299 Million Kensington Gardens Project in Dubai’s Greenwood Community

168 Luxury Units with Cutting-Edge Technology and Exclusive Design. British property developer LEOS Developments is launching Kensington Gardens, a super-prime residential community located within Nakheel’s enormous 3.95 million square metre

Business

Nov 5, 2024

Udaan Sees Flat Revenue, Valuation Contraction as the Company Cuts Cost-thumnail

Udaan Sees Flat Revenue, Valuation Contraction as the Company Cuts Cost

Udaan, a Bengaluru-based B2B e-commerce platform, is struggling at the operational level with its scale. The revenues have flattened for the fiscal year 2024. Valuation that had touched a peak

Business

Nov 5, 2024


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