Sources: NBK Capital appoints Perella Weinberg Partners for asset sale
NBK Capital appointed Perella Weinberg Partners as its adviser on a planned stake sale, reported Bloomberg.
Middle East
Dubai's 'Apocalyptic' Superstorm Strikes World's Busiest Airport After Historic Rainfall Causes Flood Chaos, Cancelled Flights
Tragically, there has been a loss of life due to the heavy rain and flooding that has caused widespread disruption in Dubai.
Indian Firms Exporting to the Middle East See Their Shares Plummet After Iran's Recent Attacks on Israel
India's tea and rice exporters to the Middle East saw their stock values collapse on worries of logistical issues and higher costs due to geopolitical tensions...
Major Arab Airlines Cancel Some of Their Flights After Iran’s Retaliatory Attack on Israel
Several major Arab airlines have been forced to cancel their flight schedules over the weekend following Iran's strikes on Israel...
Iran's Currency, Rial, Drops to Record Low Against US Dollar After Retaliatory Attack on Israel
Rial, the currency of Iran, experienced a historic low against the US dollar after the country's extensive missile and drone attack on Israel over the weekend...
Israel Shuts Down Airspace as Preparation for Defense Against Iran's Drone Attack
The conflict between Iran and Israel has intensified, with Iran launch...
Turkey Implements Export Restrictions on Israel Amidst Backlash on Gaza Conflict
Turkey announced that it has decided to suspend the export of certain ...
Latest News
French publisher Webedia adds Lebanese digital media firm Diwanee
Paris, France-based digital publishing firm Webedia added Lebanon-based digital media firm Diwanee for an undisclosed amount to help the latter reach out to women in the Middle East.
Arad Group picks up controlling stake in Mexican water meter maker Cicasa for $2M
Dalia, Israel-based water measurement solutions and services provider Arad Group picked up a controlling stake in Mexico-based water meter manufacturer Cicasa for $2.04 million to gain access to the L
Israeli app Flayvr grabs $2M in seed funding to organize smartphone photos
Tel Aviv, Israel-based mobile gallery startup Flayvr grabbed $2 million in seed funding from institutional and angel investors to help smartphone users organize their gallery photos for easy viewing a
Israeli startup StoreDot develops technique for 30-second phone charging
Ramat-Gan, Israel-based nanotech startup StoreDot developed a prototype of a device that will enable a person to charge a phone within just 20 seconds in a cost-efficient and environment-friendly mann
Israeli startup Neura bags $2M in funding to connect devices in a single app
Herzliya, Israel-based connected device network Neura bagged $2 million in a funding round led by Greenhouse Capital Partners to connect several gadgets using one mobile app.
Israeli 3D printing firm Stratasys buys American filament maker Interfacial Solutions
Rehovot, Israel-based 3D printing firm Stratasys bought Wisconsin, US-based plastic filament maker Interfacial Solutions for an undisclosed sum to streamline its operations through hardware and filame
Intel to pour $15M into Israeli smarglasses startup OrCam
Intel Capital is planning to pour $15 million in funding into Jerusalem, Israel-based smartglasses maker to continue helping visually impaired people using the startup's product.
Israel-based Freightos secures $4.6M in Series B round
Freightos, a worldwide freight network based in Israel, has secured $4.6 million for its Series B funding round led by Aleph and ICV, TechCrunch reported.
Turks having more difficulties going online after Twitter ban
Turks are now facing a new challenge getting access to the Internet after courts banned Twitter as alternative DNS numbers that were used to access the Internet were not anymore working, Reuters repor
