Author: Arabian Media staff
Venture capital (VC) and private equity (PE) funding in the UAE are projected to more than triple to hit the $2 billion mark by 2024-end – as against the estimated $638 million tech startup funding in 2023 – and accelerate to $2.5 billion next year. The UAE and the GCC are expected to see increased participation from global investors, attracted by the region’s growth potential, favourable regulations, and expanding tech ecosystem. Investment experts, however, foresee a major shift in the funding structure as once-bitten investors looking for safer modes, opting for instruments such as combination of robust cash coupons, contractual…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nvidia is seeking to build a research and development centre in Shanghai that would help the world’s leading maker of artificial intelligence processors stay competitive in China, where its sales have slumped due to tightening US export controls.Chief executive Jensen Huang discussed the plan with Shanghai’s mayor Gong Zheng when they met in the Chinese city last month, according to two people with knowledge of the matter. Nvidia is leasing a new office space in Shanghai to accommodate existing employees as well…
How many episodes of Shark Tank have you watched where the contestants are faced with the questions, “But what’s your USP?”, “Why should I choose your brand?” Their answer will normally begin with a story. The origin story normally pulls at The Shark’s heartstrings, makes them reflect on their values, needs and desires or makes them relate to the brand. Once the contestants have them hooked, they can then work on influencing their purchasing decisions, which, as an Entrepreneur, Marketing Manager or Content Creator, is the main goal! So, what is the power of storytelling in marketing and why is…
Bahrain’s Al Salam Bank has launched its ‘Workspaces’ portal, aimed to enhance operational efficiency and facilitate financial management for small and medium enterprises. The platform has been designed to meet the needs of Single Person Companies (SPC), family offices, and Micro, Small and Medium-sized Enterprises (MSMEs) and offers full range of secure financial services. Workspaces delivers a number of features while enabling clients to access their company profiles, account details, financing, cards, and Wakala account deposits, as well as manage flexible payments for single and multi-users. An ‘Admin User’ profile can be created on the portal, through which clients can…
Stay informed with free updatesSimply sign up to the US companies myFT Digest — delivered directly to your inbox.The European Commission has taken the first step towards settling its antitrust probe against Microsoft, after the US tech giant offered new concessions on its Teams and Office products to avoid a hefty fine. The Microsoft Teams probe, which began after a 2020 complaint from Slack, now part of Salesforce, accuses the software giant of abusing its market dominance by tying its video conferencing tool Teams to its widely used Office 365.Since the initial complaint, Microsoft has unbundled Teams from Office 365…
Creating a brand tone of voice isn’t as easy as putting pen to paper. Whether you’re an entrepreneur, a small business owner or a copywriter, nailing your brand’s tone of voice is imperative if you want your target audience to trust you and engage with your messaging. If you get the tone wrong, your audience won’t believe in your brand values, they may not understand your humor or worse, be offended by it! By following key steps, businesses can develop a tone that reflects their values, builds trust, and strengthens brand identity across all communication channels. 7 Steps to Finding…
When Greg Abel takes over for Warren Buffett as CEO of Berkshire Hathaway (BRK.A, BRK.B), he’ll have big shoes to fill. Buffett leaves an unparalleled legacy as one of the greatest investors ever, having transformed Berkshire from a struggling textile company into a $1.1 trillion conglomerate. Abel, a famously private executive who has run Berkshire’s non-insurance operations, offered a glimpse into his philosophy for success while addressing shareholders at Berkshire’s annual meeting this month. Key Takeaways Abel said hard work and a great work ethic are the keys to success.Americans tend to agree with him; surveys consistently show they view…
Image: Supplied Nissan in the Middle East reported a year-on-year increase in sales across the Middle East for the first nine months of its financial year (April- December 2024), a strong performance when compared to the brand’s global performance and automotive headwinds. Thierry Sabbagh, DSVP and president Saudi Arabia, Middle East – Nissan, INFINITI, recently spoke to Gulf Business to discuss the key drivers behind the brand’s regional success and star models, its future-focused ARC strategy, the evolving role of digital transformation, and how Infiniti is carving a space in the premium segment. Here are excerpts of the chat. Nissan…
A new UAE free zone is offering easy set up for businesses in the country, including visas within 24 hours, business licences in two hours and paperwork-free set up. Ajman has announced the launch of the Ajman NuVentures Centre Free Zone (ANCFZ), a pioneering new free zone designed to streamline business setup and foster economic innovation. As the UAE’s free zone landscape grows increasingly competitive, Ajman NuVentures Centre Free Zone introduces a fresh approach, making business establishment simpler, faster, and more accessible than ever before. New UAE free zone in Ajman ANCFZ combines strategic geographic access with service offerings tailored…
“I previously drove a fully loaded BMW X7, and driving a used Lexus feels like a big drop.” Source link