Online food delivery and restaurant search service Zomato disclosed that information of close to 17 million user accounts has been stolen in a security breach, according to Bloomberg.
The global oil market glut is helping India’s biggest crude processor become nimble, reports Bloomberg.
Aster DM Healthcare is planning an initial public offering next year as the Dubai-based medical provider seeks to take advantage of improved market sentiment for the Persian Gulf, reports Bloomberg.
Noon, the e-commerce venture of Dubai businessman Mohamed Alabbar partly funded by Saudi Arabia’s Public Investment Fund, let go of dozens of staffers in Dubai amid delays to rolling out the app, according to four people familiar with the matter, says Bloomberg.
Saudi Aramco is seeking to boost its fuel-trading volume by more than a third as the world’s biggest crude exporter expands its capacity to refine oil to grab a bigger share of growing markets in Asia and Africa, reports Bloomberg.
Aircraft-leasing company Dubai Aerospace Enterprise Ltd. said it sees scope for the purchase of its first new-generation Airbus SE A320 and Boeing Co. 737 short-haul jets as the takeover of AWAS Aviation Capital Ltd. propels it into the top ranks of global players, according to Bloomberg
Samena Capital, an investment firm managing about $650 million, plans to raise as much as $700 million for a special situations fund to invest in the Indian subcontinent and Asia, says Bloomberg.
Donald Trump Jr. traveled to Dubai and met a billionaire business partner in the city-state, discussing “new ideas” as the Emirati’s real estate firm still lists possible plans for future joint projects while Trump’s father is in the White House, according to Bloomberg.
Dubai-based business-tycoon Mohamed Alabbar is weighing buying into venture capital firms in the Middle East to help kick start his $1 billion technology fund, according to people familiar with the matter, according to Bloomberg.
Uber Technologies Inc. hopes to one day operate a network of flying cars. On Tuesday, the ride-hailing company laid out some aggressive plans to get closer to its first flight, reports Bloomberg