Exclusive SoftBank tech fund in talks to invest in Dubai cloud kitchen Kitopi
SoftBank Group Corp is in talks to invest in Dubai cloud kitchen Kitopi’s latest funding round through its second technology fund. This is collected from familiar sources. The Japanese company’s Vision Fund 2 has put forward a proposal to lead an investment of about $400 million in Kitopi. Both SoftBank and Kitopi has declined to comment. […]
Dubai’s commodities hub plans Gulf’s first BlockChain-backed facility
The first precious metals refinery and storage facility in the Gulf region is planned to be created by the Dubai Multi Commodities Centre (DMCC). This is enabled by the block chain technology. Precious metals like gold, silver, platinum, palladium and rhodium are to be refined and stored in this facility. A secured trading platform, known as goldexchange.com […]
Dubai’s Real estate to upsurge in 2021
The year of unprecedented events and challenging tasks! Is this how the 2020 could be described? Well, within a short time, a collective mindset around the world changed from the cheerful optimistic to the one that is much more somber. The supposed spread of a minor flu led an entire planet to shut down, and […]
Another outlook on Dubai’s Economy
Imran Farooq, CEO of Dubai based Samana developers, shared his insights regarding the return of the realtors and buyers in the year 2021 for the purchase of properties. International buyers seems to have lost interest in buying property from Dubai in the year of pandemic but the CEO is sure that they will return in […]