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.
One of the largest public listings of this year in the Gulf just hit pause amid geopolitical uncertainty, football fans in the UAE can bet on FIFA World Cup matches and other updates from the week.
CargoX gets a $250 million cheque from a prominent investment firm; the Gulf is shining in the upcoming American tech IPOs; and Abu Dhabi has hit pause on rental increases.
April data suggests the slide may be moderating, even as the UAE accelerates moves to derisk its future.
Their earnings define consumption amidst disruption in a roller-coaster quarter. Separately, the fragile Iran ceasefire has begun to fray.
A whole host of new deals at the Make it in the Emirates summit, Saudi Arabia’s widest deficit since 2018 and other updates from the week.
Abu Dhabi’s Aldar and Dubai Residential REIT deliver strong earnings, UAE exits OPEC amid rising Gulf tensions and other news updates.
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.
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.
