BusinessLatest Business and Company Updates
Oman Sovereign Fund Consolidates Nitaj and FDO for Food Security
Oman's sovereign wealth fund, the State General Reserve Fund (SGRF), has merged its subsidiaries Nitaj and the Food Development Oman (FDO) to enhance the nation's food security strategy. This strategic consolidation aims to streamline operations and bolster the country's agricultural and food production capabilities amid growing global uncertainties and supply
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Mergers Set to Transform UAE’s Small Business Landscape
The UAE's small and medium-sized enterprises (SMEs), which make up over 90% of the country's businesses, are witnessing an influx of transformative mergers and acquisitions (M&A) activity. This surge, prompted by a combination of government initiatives and the rise of
Salama Joins Digital Push for Wider Takaful Reach
Salama has partnered with digital insurance broker Policybazaar. ae to expand access to Life Takaful coverage in the UAE, aiming to bridge protection gaps through a fully Shariah-compliant digital platform.The move brings Salama’s suite of Takaful life insurance products to
GoDaddy Faces Lawsuit Over Domain Clawback Dispute
GoDaddy, a leading domain registration and web hosting company, is under legal scrutiny for allegedly reversing domain purchases under questionable circumstances. The lawsuit, filed by a prominent tech entrepreneur, claims that GoDaddy unlawfully reclaimed a domain after it had been
