Business & Entrepreneurship

The world of cutting-edge business, finance, innovation and interconnected markets is paramount to how we all do business. We’ll tell you about the latest ventures, acquisitions, divestitures and product developments straight from our partners in the industries you’re interested in.

Amazon to Walk Away from $1 Billion Deal to Buy Souq.com

Amazon to Walk Away from $1 Billion Deal to Buy Souq.com

US sales giant Amazon has reportedly walked away from talks to acquire Dubai-based Souq.com after a disagreement over the price.     Bloomberg reported that the e-commerce business is now seeking other potential investors and is negotiating with mall operator Majid Al Futtaim. A few months ago, Amazon.com was in talks to acquire Souq.com for about $1 […]

Dubai Finally Gets Its Very First Female Uber Driver

Dubai Finally Gets Its Very First Female Uber Driver

Uber UAE just has hired its first female driver… and it’s about time, too. Fritzie Castro, 43, a Filipina that has been a Dubai resident for seven years. According to Khaleeji Times, she works the 4 am-4 pm shift, waking up six days a week at 2 am, then setting out and waiting in the […]

These 8 Men Have as Much Money as Half of the World’s Population

These 8 Men Have as Much Money as Half of the World’s Population

  Eight individuals, all men, own as much wealth as the poorest half of the world’s population, Oxfam have said in a report calling for action to curtail rewards for those at the top.   Oxfam added that it was “beyond grotesque” that a handful of rich men are worth $426bn, equivalent to the wealth […]

6 Creative Techniques for Marketing Your Startup

6 Creative Techniques for Marketing Your Startup

by Nesma El-Far

If an idea is as good as its execution, a product is as good as you can sell it. So many startups, with a promising potential, fail just because they didn’t focus enough on sales, distribution and marketing. Startups are always advised to use the lean model, but we must not be very conservative when […]

Everything You Need to Know About Dubai Harbour

Everything You Need to Know About Dubai Harbour

  Oh my! His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai has just announced the development of Dubai Harbour (do not confuse it with Dubai Creek Harbour). What’s that, you say? Well, let us tell you it’s a new waterfront destination that is going to […]

Our Top 10 Favorite Egyptians Brands of 2016

Our Top 10 Favorite Egyptians Brands of 2016

The other day a friend of mine asked me what were my favorite Egyptian brands of 2016. After lots, and lots of thinking, I’ve compiled a list of businesses that have kicked 2016 in the behind and redefined the word awesome.     Careem     I know they aren’t Egyptian, but the brand is […]

Le Marché Furniture Fair Got Cancelled and This Is Why Egyptians Want It Back

Le Marché Furniture Fair Got Cancelled and This Is Why Egyptians Want It Back

  The much-anticipated annual furniture exhibition, Le Marché, has been an Egyptian favorite for years. The trademark of Tarek Nour Communications, organized by AAPIC, has made hundreds of lives easier by simply walking through the fair that presents you with everything you need from a wide range of interior designs,  landscaping, garden and office furniture, kitchens to accessories such […]

UAE Honors Its Prominent Indian Business Leaders in Dubai

UAE Honors Its Prominent Indian Business Leaders in Dubai

  It’s about freakin’ time! The UAE’s most prominent Indian business leaders have received honoring at the NDTV Gulf Indian Excellence Awards that was held in Dubai earlier this week.   India’s leading TV news channel NDTV hosted the ceremony which was attended by leading Indian and international business representatives and professionals from the Gulf […]

8 Egyptian Startups Graduate in 1864 Accelerator Demo Day

8 Egyptian Startups Graduate in 1864 Accelerator Demo Day

Barclays Bank Egypt and Flat6labs celebrated their Demo Day that witnessed the graduation of eight startups selected through the 1864 Accelerator Program. The initiative marks Barclays’ and Flat6labs’ continuous effort to encourage innovation and entrepreneurship in Egypt and the Middle East.     The 1864 Accelerator Program is aiming to build a new generation of […]

Amazon to Possibly Buy Dubai’s Souq in $1 Billion Deal

Amazon to Possibly Buy Dubai’s Souq in $1 Billion Deal

by Amr Abdelhady

  Amazon is reportedly in talks to buy Souq, a Dubai-based online retail service. If that deal happens, it will give the e-commerce giant a footprint in the high-growth Middle East market.     Bloomberg reports that the founder of Amazon Jeff Bezos might spend up to $1 billion on the site to gain a foothold across […]

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