Saturday 6 February 2016

Travelstart secures $40m funding from Amadeus Capital

Global technology investor Amadeus Capital Partners has invested $40 million into Travelstart, a South Africa-based online travel agency (OTA). With the new funding comes a strategic partnership with Africa's largest mobile te


$900bn investment to boost GCC insurance sector

A surge in insurance activity with a growth in gross premiums is expected to unfold across the GCC over the next five to 10 years, said Central Bank of Bahrain (CBB) executive director of financial institutions supervision Abdul Rahman Al Bake


Mideast buyers invest $5.22bn in European hotels

Middle Eastern buyers invested €4.79 billion ($5.22 billion) in some of the world’s most iconic hotels across key European markets in last 24 months, according to Check In, a European inbound hotel investment report by real estate con


Investments in GCC healthcare urged

More investments in healthcare in the Gulf has been urged, as healthcare plays a vital role in building up a strong economy, according to an expert.   At the ongoing Arab Health Exhibition in Dubai, UAE, Moataz A


6 major GCC healthcare investment areas identified

Six major investment opportunities in the GCC's healthcare market has been predicted as being areas of high demand and growth in the region by 2025, according to a recently launched report.   The EY 'Inve


Iran appeals for aviation investment

Iran's transport minister urged foreign companies on Sunday to invest in the country's aviation sector and declared a zero-tolerance policy for corruption as it reopens for business after sanctions. "I hold your hands

More… closes $20m investment fund

UAE-based property portal said it has closed a $20-million Series C venture round, a mere four months after its Series B funding that added $9 million to the website’s coffers. The funding comes from one of Bayut&r


Novo to be ahead of pharma pack with Iran investment

Danish drugmaker Novo Nordisk, a leading insulin supplier, expects to be ahead of the pack now nuclear sanctions are lifted in Iran, thanks to a continuous presence and a pre-emptive investment plan.   The countr


Barclays to slash about 1,000 jobs worldwide

Barclays will cut about 1,000 jobs in investment banking worldwide and close its cash equities business in Asia as new chief executive Jes Staley wields the axe in a bid to reduce costs and boost returns. The harsher-than-expected


UAE invests $15bn in Jordanian ventures

UAE's investments in Jordan totalled to $15 billion, in areas of agriculture, industry and tourism, according to a report.   It included ventures in the Aqaba Special Economic Zone, Marsa Zayed in Aqaba and t

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