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
Internet
FirstCry’s Mideast conundrum
The Indian mother and baby products retailer has been slow to grow in the two largest markets of the Gulf. What gives?
You may also like
Business
UAE outgrows its emerging-market label
JPMorgan will phase out the country from its emerging-market bond indices by June. Separately, Al Habtoor Group preps for a fight against Lebanon and Saudi makes a new gaming play.
Internet
It’s Getir founders vs Mubadala, once again
The founders of the Turkish company have filed a suit against the Abu Dhabi sovereign fund, proptech Stake has raised new millions and there is a new financial giant in town.
Internet
Uber’s new buy in Turkey
The American tech company is buying Getir’s delivery operation, a16z invests in a new proptech and Dubai’s real estate can now be traded.
Business
Two sovereign wealth funds come together in Abu Dhabi
L’IMAD is taking over ADQ, Dubai is spending $27 billion to expand its financial district and geopolitics hands a blow to Saudi equities.
Business
UAE conglomerates set their sights on India
A series of new investments earmarked for India, good and bad news from Saudi Arabia and AI deals at Davos, among other updates.
Business
New complications for sovereign funds in the US
The American government proposed threatening tax tweaks, a local fintech raised a quarter of a billion dollars in seed money and open finance made a start.
Business
Venture capital hits record highs in the Middle East
The region is bucking the emerging markets trend, influencers flocked to Dubai over the weekend and Oman has some new goals.
Business
The Gulf Report: 2025 in review
A year when the Middle East secured a lead in AI, saw its public markets take a step towards maturity, attracted more and more hedge funds, among other highlights.











