Al Nabooda Automobiles had set plans to expand its German car imports operations in Dubai and Sharjah.
Sectors
Mubadala Petroleum in expansion mode
The subsidiary of UAE's Mubadala is on an expansion mode. Mubadala Petroleum has been looking to expand into overseas markets such as Thailand and Indonesia, as well as commence exploration work in Tanzania within 2013.
Anheuser-Busch-SABMiller merger most likely to happen within the year - analysts
The consolidation of Anheuser-Busch InBev and SABMiller was a natural progression when there were only a few markets to tap, said industry analysts.
Treasure Island barge rises speculation of new Google floating data center
Google Inc had not been shy investing large amounts of capital in data centers to improve its Internet infrastructure.
Apple's quarter earnings report to indicate success of iPhone 5C
Apple Inc's iPhone 5C had yet to challenge the dominance of Samsung Electronics and other companies using Google Inc's Android software in the cheaper smartphone market.
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The Gulf region, after years of doldrums, is now on the road for recovery according to Morgan Stanley executives.
California-based startup Paxata has aided scientists in grueling data preparation leading to work analysis.
General Electric decided to exit from its local banking unit for an undisclosed amount. On Monday, Sovcombank had signed an agreement to acquire General Electric's local banking unit.
Stratoscale's core product promised to make data center processes more efficent. Two entrepreneurs recently secured a USD10 million investment for its large data center software product.
Despite the negative press Bitcoin received due to the Silk Road black market scandal, industry observers believed that there would be a renewed investor interest in digital currency.
Airbnb co-founder and CTO Nate Blecharczyk said the company was not interested in releasing financial information, including its USD200 million investment round held a year ago.
A total of USD545 million in capital commitments was raised from five cornerstone investors included Chow Tai Fook Enterprises Ltd and China Vanke Co Ltd.
AMC Networks was set to own international content business Chellomedia for USD1.04 billion. According to AMC Networks Inc, it would be purchasing the international content business of Liberty Global Inc.
Apple co-founder Steve Wozniak said he thought that there was no need to upgrade to any of the new iPads as he was perfectly fine with his iPad unit for the moment.
