Business News

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Dubai is buying a $47 million (around AED 1.7 million) stake in US farming technology company Indigo. Indigo will use the cash to develop new ways of growing crops such as wheat and soy bean. Investment Corporation of Dubai led the deal, which is being described as one of the largest investments into a private […]

Bitcoin soared to a record high of $14,047.40 on Thursday, continuing its surge from below $1,000 at the beginning of the year. It rocketed $2,000 in less than 24 hours, despite warnings of a dangerous bubble. Bitcoin’s latest milestone was recorded during early trading in Asia, reported website Coindesk.com.

Supermarket chain Spinneys plans to open 18 new stores over the next three years, creating up to 2,000 new jobs for the region. This will bring the number of Spinneys-owned stores in the UAE from 61 to 79 by 2020. The company’s expansion plans include the building of a new AED 175 million headquarters in […]

Dubai is set to get a second Raffles Hotel. Accor Hotels, which owns the Raffles brand, and Nakheel have partnered on the new property, which will be developed on the Palm Jumeirah Crescent.   Set to open in 2021, PALM 360 will be the first beachside resort for Raffles in Dubai and the tallest structure on […]

Seventy per cent of consumers are now using social media platforms and messaging apps to source products and services. That’s according to a new research by BT and Cisco, which surveyed 5,000 people from 10 different countries. Findings also reveal that 48 per cent of respondents get frustrated if text-based chat is not available on […]


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