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Dubai Financial Market Announces 74 Percent Rise in Pre-tax Net Profit to $53.19 Million in H1 2024-thumnail

Dubai Financial Market Announces 74 Percent Rise in Pre-tax Net Profit to $53.19 Million in H1 2024

Overview of Financial Performance The Dubai Financial Market (DFM) released its consolidated financial results for H1 2024, showing a strong growth in comparison to the same period in 2023. Net

Business

Jul 30, 2024

$120 Million Recently Raised by Rapido Makes It to Turn into a Unicorn-thumnail

$120 Million Recently Raised by Rapido Makes It to Turn into a Unicorn

Rapido, turning into an Indian bike-taxi aggregator and auto-rickshaw, has attained unicorn status on the back of a fresh funding round. The firm has been able to raise $120 million

Business

Jul 30, 2024

At $900 Mn Valuation M2P Fintech to raise $80 Mn -thumnail

At $900 Mn Valuation M2P Fintech to raise $80 Mn 

M2P Fintech, an API infrastructure platform formerly known as Yap, is on the verge of closing a large funding round. Sources in the know have told that the Bengaluru-based company

Business

Jul 29, 2024

Drake & Scull International Returns to Profitability After Restructuring-thumnail

Drake & Scull International Returns to Profitability After Restructuring

PC: The National Overview of Drake & Scull International’s Financial Turnaround The Dubai-based contractor Drake & Scull International was successful in achieving one of the main milestones by returning to

Business

Jul 29, 2024

Network International and Biz2X Partner to Boost SME Financing in UAE-thumnail

Network International and Biz2X Partner to Boost SME Financing in UAE

Network International, one of the leading digital payment facilitators across the Middle East and Africa, has inked a strategic partnership with Biz2X to strengthen SME financing within the UAE. This

Business

Jul 29, 2024

Gruner Renewable Energy Secures $60 Million to Advance CBG Projects in India-thumnail

Gruner Renewable Energy Secures $60 Million to Advance CBG Projects in India

Noida-based Gruner Renewable Energy has raised USD 60 million in funding, an ambitious move to strengthen India’s clean energy sector. This gigantic investment will help the company augment its presence

Investment & Funding

Jul 29, 2024

Dubai Chamber Strengthens Digital Business Ecosystem Through Strategic Partnerships and Digital Startups-thumnail

Dubai Chamber Strengthens Digital Business Ecosystem Through Strategic Partnerships and Digital Startups

The Dubai Chamber of Digital Economy has recorded major accomplishments in the first half of 2024. Among the long list of achievements, one such is that it successfully facilitated the

Business

Jul 29, 2024

MapMyIndia Accuses Ola Electric Of Data Copying, Issues Legal Notice-thumnail

MapMyIndia Accuses Ola Electric Of Data Copying, Issues Legal Notice

The parent company of MapMyIndia, CE Info Systems, has now sent a legal notice to Ola Electric, alleging that it has copied data without consent. This follows Ola Electric having

Business

Jul 29, 2024

In Series A; EV scooter maker Simple Energy raises $20 Mn-thumnail

In Series A; EV scooter maker Simple Energy raises $20 Mn

Electric vehicle (EV) and clean energy startup Simple Energy has successfully raised $20 million in its Series A funding round. This round saw participation from high-net-worth individuals (HNIs) associated with

Business

Jul 29, 2024

Franklin Templeton Launches UAE Funds to Attract Retail Inflows-thumnail

Franklin Templeton Launches UAE Funds to Attract Retail Inflows

Global investment management firm Franklin Templeton is planning to increase its Middle East presence by launching seven feeder funds into the UAE, enabling the company to attract retail investors in

Business

Jul 29, 2024

Weekly Funding Round-up of Indian Startups: July 22-27, 2024-thumnail

Weekly Funding Round-up of Indian Startups: July 22-27, 2024

This week saw a significant deceleration in funding in the Indian startup ecosystem. The week also came with 22 startups successfully raising approximately $113.39 million against $261.21 million in the

Business

Jul 27, 2024

Dubai Real Estate Market Surges Ahead in 2024: Growth, Trends, and Investment Insights-thumnail

Dubai Real Estate Market Surges Ahead in 2024: Growth, Trends, and Investment Insights

Overview of the Real Estate Sector Exuding strength, Dubai’s realty sector is literally abuzz with substantial residential developments and growing property values in 2024. According to a recent report published

News

Jul 27, 2024


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