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An attendee wears a virtual reality (VR) headset at the Saudi Telecom stand on the opening day of the MWC Barcelona in Barcelona, Spain, where the kingdom announced its 5G ambitions. Bloomberg
Saudi Arabia on the cusp of pushing out 5G across the kingdom

Adoption of the technology is projected to pump $19 billion into the Arab world's largest economy

TechnologyFebruary 26, 2019
Tarek Kabrit, founder and chief executive of Seez. Pawan Singh / The National
Generation start-up: this Dubai company is the first to use AI for negotiating car prices

Seez was founded in 2015 by an uncle and nephew duo

TechnologyFebruary 09, 2019
Bahrain based Investcorp acquired German cybersecurity company Avira for $180 million. Courtesy of Investcorp
Investcorp reports 5% rise in net income for first half of fiscal year

Net income for the six months period ending December 31 climbed to $58m

EconomyFebruary 05, 2019
Bahrain based Investcorp acquired German cybersecurity company Avira for $180 million. Courtesy of Investcorp
Investcorp to acquire majority stake in Cambio Healthcare Systems

Transaction is the company's sixth healthcare deal in three years

EconomyFebruary 04, 2019
A boat is seen at the Bosaso port where head of P&O Ports' operations Paul Formosa was shot and killed, in Somalia's semi-autonomous region of Puntland, Somalia February 4, 2019. Reuters
P&O Ports manager killed in Puntland region of Somalia

Dubai Government-owned company won a 30-year contract for Bosaso port in 2017

EconomyFebruary 04, 2019
Amazon is pursuing expansion in its international markets. Reuters
Amazon downplays Souq as it seeks to launch own Middle East platform, according to report

US giant is telling sellers in North America to make sales to Middle East customers through its main website instead of the UAE platform

TechnologyFebruary 04, 2019
Davos, Switzerland. The meeting brings together entrepreneurs, scientists, corporate and political leaders under the topic 'Globalisation 4.0' from January 22 to 25. EPA
Quicktake: what is Davos?

Meeting in the Alps is the world's ultimate networking event

EconomyJanuary 21, 2019
Fares Ghandour says more aspiring entrepreneurs should be encouraged to "take the mental leap" to form start-ups. Reem Mohammed / The National
Wamda's new programme aims to help pre-seed stage entrepreneurs

Wamda X wants to replace the ‘friends and family’ funding round for start-ups

TechnologyJanuary 17, 2019
Emirates NBD has agreed to buy controlling stake in Turkey's Denizbank under revised terms. Reuters
Emirates NBD fourth quarter net profit soars 10% on higher interest income

Dubai’s largest bank hit a new milestone as total assets surpassed Dh500bn for the first time

BankingJanuary 16, 2019
Dubizzle - on which millions of items and goods are sold - said it was working to tackle fake property listings and bogus links to mirrored sites. Silvia Razgova / The National
Dubizzle fully acquired by Naspers at $400 million valuation

The UAE experienced a record year for venture capital funding in 2018

TechnologyJanuary 14, 2019
Attendants chat at the First Class counter of Cathay Pacific Airways at Hong Kong Airport. The airline said it would again honour its mis-priced tickets. Reuters
Cathay Pacific sells first-class tickets at economy prices - again

Second pricing blunder this month for airline as it grapples with a turnaround to reverse losses

AviationJanuary 14, 2019
Over 800,000 federal employees are impacted by the shutdown, with around 400,000 furloughed and being paid later and the rest deemed 'essential', who must work without pay, though retroactive pay is expected, with 11 January marking the first missed paycheck. EPA
Quicktake: how the US government shutdown affects the private sector

Thirteen government agencies affected by the closure were committed to pay $89.3 billion to contractors

EconomyJanuary 14, 2019
epa07205846 The logo of Qatar Petroleum (QP) on display at the Qatar Petroleum headquarters in Doha, Qatar, 03 December 2018. According to Saad Sherida Al-Kaabi, Minister of Energy in Qatar and former President and CEO of Qatar Petroleum, Qatar will withdraw from OPEC effective from 01 January 2019. OPEC is holding its 175th meeting in the Austrian capital on 06 December 2018. EPA/STR
Qatar Opec exit unlikely to dent bloc's plans to cut output

The move comes a few days before a crucial Opec meeting with its allies to decide on oil production for next year

EnergyDecember 04, 2018
Nearly nine out of 10 of the Emirati workforce at Strata, an Al Ain-based plane parts manufacturer are women. Pawan Singh / The National
Economic gains from gender inclusion are greater than expected, IMF says

Lack of gender parity weighs on productivity and growth

EconomyDecember 01, 2018
Marriott and other hotel groups are embracing Emiratisation. Bloomberg
Marriott data breach: how are customers in the Middle East affected?

Marriott International said on Friday that hackers accessed up to 500 million customer records

TechnologyDecember 01, 2018
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