Dubai

The government-run Dubai Multi Commodities Centre (DMCC) has partners with Crypto Valley venture capital firm (CV VC) to launch a "Crypto Valley" in the tax-free zone in Dubai. What Happened The deal, signed last week on the sidelines of the World Economic Forum in Davos, will see Dubai...

Topgolf is playing its next stage of international expansion. What Happened On Tuesday, the Texas-based company said it entered a franchise agreement with Sports Entertainment Asia, H.K. Limited (SEAL) with plans to open venues in Greater China and the Philippines. "This franchise partnership...

The Dubai housing market is experiencing a glut, and it needs to be fixed by stopping all new home constructions for at least a year, Hussain Sajwani, the chairman of Damac Properties PJSC told Bloomberg. What Happened The Gulf city housing market has slowed down in the last five years, with prices...

As retail bankruptcies peak and shopping trends increasingly favor Amazon.com, Inc. (NASDAQ: AMZN), industry leaders are gearing up for a fight. Retail and startup heads around the world will converge with global stakeholders to discuss the future of retail and consumer engagement at the 11th...

The U.S. is tiptoeing into a future of autonomous vehicles, but the United Arab Emirates is taking the shift one step further. Dubai will launch passenger drones — essentially flying, pilotless taxis — as early as July. According to a Monday promotional video by the Roads and Transport...

Shares of Amira Nature Foods Ltd (NYSE: ANFI), a provider of packaged Indian specialty rice and other rice-based products, surged higher by more than 11 percent on Thursday. Amira Nature Foods disclosed in a 6-K form on Wednesday that it has entered into a $92 million contract to "supply third...

3D printers have made their way into the industrial world seamlessly, providing big businesses with a way to replace parts and make models quickly and cheaply. The devices have been slow to catch on for amateur users, as their complexity and cost keep the printers from becoming a staple in the home...

Asian markets set the tone for Monday's trading session with Hong Kong and Shanghai indices receiving a boost from China's reforms which will open up the country's financial sector and ease restrictions on investments. Europe followed suit with major indices inching higher. It was only...

Both Boeing (NYSE: BA) and Airbus are emerging as winners at the 13th Dubai Air Show, although the American-based Boeing is benefiting more than its European competitor. With more than 1,000 exhibitors and 60,000 trade attendees, the Dubai Air Show is expected to be the largest show in its history...

The safe-haven dollar was nearly flat Thursday, caught in cross-currents of anxiety about European governments' finances and a pickup in a taste for risky trading as U.S. exports grew and a measure of job losses declined. For more than a year, the dollar and short-term government debt has tended to...