BluSmart’s move to the UAE makes little sense
In the face of far more competent ride-hailing rivals and with a limited fleet of luxury cars, the startup is unlikely to make a dent in the UAE market.
3 September, 2024•1 min
0
3 September, 2024•1 min
0
Getting your Trinity Audio player ready...
More in
Business
Saudi Arabia’s great investment reset
The kingdom and its sovereign fund pull back on splashy global bets to focus on domestic returns as war and realities reshape priorities
You may also like
Business
The Gulf Report: UAE real estate shows resilience in Q1 but signals correction
Abu Dhabi’s Aldar and Dubai Residential REIT deliver strong earnings, UAE exits OPEC amid rising Gulf tensions and other news updates.
Business
The Gulf Report: IMF slashes growth projections for Mideast amid Iran war
The regional economy is expected to take a big hit in 2026, venture capital activity is starting to show signs of strain, and Saudi Arabia’s sovereign fund has a new investment strategy.
Business
The Gulf Report: UAE markets cheer on US-Iran ceasefire
Dubai stocks saw their best day in a long while on Wednesday, property data for the first quarter shows the market held its own and other updates from the week.
Business
The Gulf Report: A billion-dirham package for Dubai businesses
The emirate approves economic incentives for the local market, fuel prices are up and dealmaking rages on, even as the Iran war is in its fifth week.
Chaos
Gulf on edge as diplomacy and danger collide
The US and Iran seem to have their own ideas for a possible ceasefire and conclusion to the ongoing war. Everyone else hangs in the balance.
Business
The Gulf Report: UAE markets rise, but war jitters linger
Dubai and Abu Dhabi markets bounce back on real estate strength and central bank support, but sentiment remains fragile amid ongoing conflict.
Chaos
Iran war: New attacks engulf the UAE, as the conflict drags on
Dubai International Airport and Fujairah port were once again disrupted on Monday. Separately, there is a new warning that this conflict could result in the region’s worst crises in decades.
Chaos
Iran war: Attacks escalate across the Gulf
The Gulf states are dealing with elevated threats, even as the question of the UAE’s stability and status as a business haven becomes more pressing.