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Yalla Group’s First Half Revenue Increases by 4.7% to AED 587.3 Million-thumnail

Yalla Group’s First Half Revenue Increases by 4.7% to AED 587.3 Million

Dubai-Based Firm Achieves 4.7% Revenue Growth YoY Yalla Group Limited, a frontrunner in online social networking and gaming based in Dubai, released its financial results for the second quarter of

Business

Aug 13, 2024

FASHOR Secures $5 Million Funding from Blume Ventures for Strategic Expansion-thumnail

FASHOR Secures $5 Million Funding from Blume Ventures for Strategic Expansion

In a significant development for the fashion industry, FASHOR, a burgeoning fashion brand, has successfully raised $5 million in funding from Blume Ventures. This financial boost is set to propel

Business

Aug 13, 2024

ENBD REIT Divests Dubai Towers in Strategic Turnaround-thumnail

ENBD REIT Divests Dubai Towers in Strategic Turnaround

Overview of the Sale ENBD REIT announced that it had successfully closed the sale of two residential towers, Al Ramth 57 and 59, at the Remraam area in Dubai. The

Business

Aug 13, 2024

Beco Secures $10 Million Funding to Expand Eco-Friendly Product Reach-thumnail

Beco Secures $10 Million Funding to Expand Eco-Friendly Product Reach

Beco, a Mumbai-based home and personal care brand, has successfully raised $10 million in a funding round led by Tanglin Venture Partners. This round also saw participation from Titan Winners

Business

Aug 13, 2024

Yatra Q1 FY25 Profit Falls 27%; Revenue Continues to Slide-thumnail

Yatra Q1 FY25 Profit Falls 27%; Revenue Continues to Slide

Gurugram-headquartered online travel aggregator Yatra has reported a steep fall in its financial performance for the first quarter of the fiscal year 2025. The company’s profit tanked 27.5 per cent,

Business

Aug 13, 2024

Start-up Investments in MENA Surge by 260% to $355mln-thumnail

Start-up Investments in MENA Surge by 260% to $355mln

What turned out to be a dramatic turn of events for the start-up ecosystem across the Middle East and North Africa, funding increased drastically in July 2024 and more than

Business

Aug 13, 2024

Dubai Business Forum Enhances UAE-China Economic Relation-thumnail

Dubai Business Forum Enhances UAE-China Economic Relation

According to the president and chief executive officer, Mohammad Ali Rashed Lootah, Dubai Chambers said it would be pushing an ambitious strategy that places strong ties in technology and emerging

Business

Aug 12, 2024

MapMyIndia Posts Rs 35.8 Cr Gains in Q1 FY25-thumnail

MapMyIndia Posts Rs 35.8 Cr Gains in Q1 FY25

CE Info Systems, the parent firm of MapMyIndia, released its financial performance for Q1 FY25, painting a mixed picture of the financial health of the company. There is a slight

Business

Aug 12, 2024

DMCC Contributes 15% to Dubai’s Foreign Direct Investment-thumnail

DMCC Contributes 15% to Dubai’s Foreign Direct Investment

The Dubai Multi Commodities Centre, the world’s leading free zone and Dubai’s Government authority on commodities trade, published its key performance results for the first half of 2024. The report

Business

Aug 12, 2024

Dubai-based Company to Invest $225M in Uganda’s UTel-thumnail

Dubai-based Company to Invest $225M in Uganda’s UTel

Introduction of Major Investment In a deal estimated at $225 million, Dubai-based RCC LLC  is poised for an investment in Uganda Telecommunication Corporation, hence driving transformation in the East African

Business

Aug 12, 2024

Wealthtech Firm Neo Raised $48 Mn In Funding Round Led By MUFG, Euclidean Capital-thumnail

Wealthtech Firm Neo Raised $48 Mn In Funding Round Led By MUFG, Euclidean Capital

Neo, a fast-growing wealthtech firm in the space of wealth and asset management, announced that it had closed $48 million in Series B funding. The event was led by MUFG

Business

Aug 12, 2024

Oyo Raises Close to $175 Mn in Series G Round-thumnail

Oyo Raises Close to $175 Mn in Series G Round

Hospitality giant Oyo has raised about $175 m in a Series G funding round. It included investors like InCred Wealth, Patient Capital, J&A Partners, the family office of Mankind Pharma

Business

Aug 12, 2024


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