UAE leads in artificial intelligence investment in MEA: Study
According to a study by Microsoft and EY, the UAE leads the MEA region in AI investments with $2.5 billion in a decade
London Stock Exchange acquires data provider Beyond Ratings
The acquisition comes as part of LSE’s continued efforts to invest in its Information Services business
Glaxosmithkline shareholders approve merger with Hindustan Unilever
Under the terms of the agreement, Glaxosmithkline will acquire Unilever's Indian arm through an all-equity merger
Renault-Fiat Chrysler merger leads to a ‘central dilemma’
The $35 billion merger reflects on the powers distributed between France and Italy
Softbank’s Deepcore second AI startup fund could cross $55 bn
Deepcore is focused on discovering new-generation companies in the industry and redirecting them to Japan
Huawei ban shows China’s dependence on foreign chip technology
Major chipmakers like Intel and Qualcomm join Google to cut off business with Huawei, until further notice
Hewlett-Packard’s Cray acquisition might boost competition with IBM
In the past year, Cray’s shares rose 11 percent, with a current market valuation of approximately $1.2 billion
Luckin raises $561 mn in US IPO: biggest float by Chinese firm this year
Luckin Coffee intensifying rivalry with Starbucks; plans to open 4500 stores in China by the end of this year
Volkswagen ‘encouraged’ to resume IPO for truck unit Traton
Volkswagen had said that it could list up to 25 percent of Traton in a deal anticipated to be worth $6.7 bn
Italy for tie-ups with UAE sovereign wealth funds to invest in Africa, Asia
With this patnership, the UAE's startups will also be able to invest and acquire stakes in Italian firms
Lazada becomes the most popular e-commerce platform in growing Southeast Asian markets
Its popularity comes despite an overall decline in visits to the site in the first quarter, according to iPrice report