Consortium including Western Digital offers $17.4bn for Toshiba chip unit

A consortium that includes Western Digital is offering 1.9tr yens ($17.4bn) for Toshibas memory chip business, which the Japanese conglomerate is trying to sell...

WeWork to raise $4.4bn in funds from SoftBank

WeWork has just raised an extra $4.4bn in funds from SoftBank Vision Fund and SoftBank Group, according to a statement on Thursday by the...

UAE’s SHUAA Capital brokerage firm eyes Business in Egypt

Dubai, SHUAA Capital, the United Arab Emirates-based integrated financial services firm, has announced that it has formally begun discussions with Egyptian regulators for reintroducing its...

Warba Bank discusses issuing Islamic facilities at $200m

Warba Bank is holding talks with other banks to enter the loans market through issuing a 3-year Islamic facility worth $200 million. The bank aims...

Emaar to offer 30% of its real estate development business in Dubai

Emaar Properties, the builder of the world's tallest tower, plans to offer up to 30 percent of its United Arab Emirates real estate development...

Hoffman and Gates team up investments in “social change platform”

LinkedIn co -founder Reid Hoffman is leading a $30 million investment in Change.org, the for-profit “social change platform” that’s best known as a site...

Facebook Inc. and Snap Inc. could be sitting on a $16 billion revenue opportunity!

In her annual internet trends report, released last week, Kleiner Perkins Caufield & Byers partner, Mary Meeker pointed to a gap in the monetization...

AT&T to buy Straight Path Communications for $1.25 billion

U.S. wireless carrier AT&T Inc (T.N) said on Monday it would buy Straight Path Communications Inc (STRP.A), a holder of licenses to wireless spectrum,...

Amazon to buy Middle Eastern online retailer Souq.com

Amazon.com Inc has agreed in principle to buy Dubai-based internet retailer Souq.com, one of the best-known names in the Middle East's online shopping market,...

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libaba Group Founder Jack Ma to Donate US$10 Million to Establish Africa Entrepreneur Prize

Jack Ma Foundation will recognize 100 African entrepreneurs over the next 10 years focused on grassroots innovation, economic empowerment of women and small businesses Alibaba...

Care AI a European Commission new technology that can transform Africa’s Health Care System

The European Commission in Brussels (Belgium) revealed some fascinating AI and blockchain-based projects, which the Commission is funding. Across industrial sectors, from healthcare to...

Researchers find security flaws in “smart city” technology

Fast Company, Researchers at IBM and Threatcare have found vulnerabilities in “smart city” devices, which are used for everything from traffic monitoring to radiation detection, the companies said...
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