Crown Prince Mohammed bin Salman said Saudi Arabia is in talks with some of the world’s biggest companies to develop technologies that will power life in the $500 billion city he’s planning to build on the Red Sea, reports Bloomberg
Hussain Sajwani wants the world to know he’s Donald Trump’s man in the Middle East. From his perch in Dubai, the billionaire real-estate mogul is busy working to strengthen — and promote — his relationship with the Trump Organization. And he’s making no apologies, whatever critics might say about potential conflicts for America’s first family, reports Bloomberg.
Burj Khalifa and Dubai Fountain have, perhaps unsurprisingly, been rated as the top attractions among international tourists in Dubai.
Blackstone Group LP and CVC Capital Partners are among buyout firms weighing a bid for as much as a 40 percent stake in Emaar Properties PJSC’s entertainment division, according to people familiar with the matter, reports Bloomberg.
Dubai’s gross domestic product will likely accelerate this year at a faster pace than most Arab economies, bolstered by local spending and a pick-up in global trade, the International Monetary Fund said on Tuesday, 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.
Amazon.com Inc. has agreed to buy Dubai-based online retailer Souq.com, betting that e-commerce in the Middle East is poised to take off, says Bloomberg
Dubai Holding LLC named Edris Alrafi chief executive officer as the investment company owned by the emirate’s ruler seeks to grow after years of restructuring, according to Bloomberg.
More than half a century ago, Revlon founder Charles Revlon famously described the true business of cosmetics makers: “We sell hope.” Today the same could be said about what the large, established beauty houses see in small, social media-driven makeup companies, reports Bloomberg
In the increasingly intense battle between food delivery services, it’s no longer enough just to bring the food to the customers. Now Deliveroo, the London-based startup, is moving whole kitchens to new neighborhoods to gain an edge over rivals like Uber Eats, Amazon Restaurants, and Just Eat Plc, says Amazon.