Yaoota.com secures largest investment from GCC for Egyptian tech startup

Abu Dhabi-based KBBO Group recently made the largest investment in an Egyptian technology startup to date with a $2.7 million investment in Yaoota.com, money, says CEO and cofounder Sherif ElRakabawy, that will be partially used to expand to the UAE and Saudi Arabia, capitalizing on the fact that the small emirate has the best infrastructure in place for the market with the highest Internet, mobile device and payment card penetration.  Read More »

U.K. solar-power developer Hive Energy aims to help build DEWA complex

Hive Energy, one of the United Kingdom’s leading solar-power developers, recently opened its first international office in Dubai. The company's first representative office outside of the U.K. will participate in the building of the Dubai Electricity and Water Authority's (DEWA) 1,000-megawatt Al Maktoum Solar Park, just south of Dubai, and plans to begin solar rooftop projects in the Emirate. Read More »

ENSHAA completes initial project in Dubai's Cultural Village

Dubai-based ENSHAA has sold over 97 percent of its D1 Tower Apartments in one of Dubai’s latest mega-projects, Cultural Village, and has begun the handover of the 80-floor, 518-apartment skyscraper. “There has been an undoubted softening in the market in the past 18 months and like all responsible developers, we adjust our positioning accordingly,” ENSHAA CEO Raza Jafar said. Read More »

Muslim travel industry projected to grow to $200 billion by 2020

The Muslim population is rapidly increasing, and is expected to grow to 26.5 percent of the global population by 2030. This population segment offers one of the fastest-growing economies in the world. Gulf News Journal spoke with Anas Kasak, chief marketing officer at CrescentRating, to find out more about the Muslim travel industry and its potential for the Gulf region. Read More »