DUBAI Middle East ride-hailing company Careem said on Thursday it had secured $200 million in fresh funding from existing investors and that it expects to raise more to finance expansion plans.
DUBAI, Oct 18 Middle East ride-hailing company
Careem said on Thursday it had secured $200 million in new
funding from existing investors, including from Saudi Arabian
billionaire Prince Alwaleed bin Talal’s Kingdom Holding.
DUBAI The expansion of Dubai's second airport, Al Maktoum International, to handle 120 million passengers a year by 2025 has been delayed, according to sources familiar with the matter.
DUBAI, Oct 3 The expansion of Dubai's future
airport Al Maktoum International to handle 120 million
passengers a year by 2025 has been delayed, according to sources
familiar with the matter.
DUBAI Dubai's real estate market faces another few quarters of "soft market conditions" before starting to rebound from late 2019, DAMAC Properties' chief financial officer said.
DUBAI Qatar has started proceedings against Saudi Arabia at the World Trade Organization (WTO), accusing it of intellectual property rights violations, Qatar's economy ministry said on Monday.
DUBAI State-owned Emirates and Etihad, two of the Middle East's top airlines, denied a Bloomberg report on Thursday which quoted unnamed sources as saying Emirates was seeking to take over smaller Etihad to create the world's largest carrier.
* Emerging market jitters, currency and interest rate fears
ADDIS ABABA/DUBAI When the leaders of Ethiopia and Eritrea embraced in Asmara last month, promising to end the two-decade-old state of war between their two countries, it looked like a sudden breakthrough.
DUBAI The European Union, Switzerland and the United States have complained at the World Trade Organisation about an excise tax imposed by several Gulf Arab states on carbonated and energy drinks, according to notes of a WTO meeting and diplomatic sources.