In one of the biggest steps toward attaining profitability, Waycool, an agritech firm, has laid off over 200 employees across various departments. This is the third round of layoffs for

A homegrown startup, Devnagri, specializing in B2B Indian language translation, just managed to bag some fresh funding. This round was led by Inflection Point Ventures, and although the exact amount

Mashreq Bank, together with a group of regional banks, has arranged a landmark $3.25 billion Sustainability-Linked Leveraged Buyout financing for GEMS Education. More than just large in financial scale, this

Mamo, a fintech startup from UAE, raised $3.4 million in its funding round to smoothen financial operations for SMEs. The funding round, led by current investor 4DX Ventures and Dubai

Yubi, the fintech unicorn formerly known as CredAvenue, made a big move by adding fresh Employee Stock Options worth a whopping $26 million; let’s dive into the details and see

Economic Growth Boosts Demand Occupier demand within the UAE commercial property sector surged to its highest level in a decade in Q2 this year. This is explained by the country’s

Finance minister Nirmala Sitharaman delivered the Union Budget 2024-2025, laying out how the government is going to manage its finances in the financial year going forward. The budget, anticipated strongly

Direct Tax Reforms The Union Budget 2024-25 has brought in big-ticket reforms in direct taxes aimed at making life easier for individual and corporate taxpayers. Some of the major highlights

Record-breaking Sale on Palm Jumeirah On a high note, 25 Degrees, the leading super-prime luxury villas developer, exceeded expectations with the sale of a $16.9 million beachfront villa on Dubai’s

Simplifying Business Formation in Dubai EWBS, one of the fast-growing business consulting firms in Dubai, has announced a breakthrough service for setting up businesses in the city. It will help

Urban Company, the leading marketplace for home services, has seen a remarkable recovery in FY24 at the financial level. It reported operational revenue of Rs 827 crore as compared to

Income Tax Regime Overhaul In her speech on the Union Budget 2024, the Finance Minister, Nirmala Sitharaman, declared far-reaching reforms in the regime of income tax, having the goals of