Twitter Inc's messaging service will have close to 400 million global users by 2018, mostly in Asia, Latin American and the Middle East, consulting firm eMarketer estimated on Tuesday, far short of the 1 billion once expected.
Tags: Middle East
Dubai's Souq.com plans "Black Friday" equivalent to help boost sales growth
Dubai-based Souq.com, one of the Middle East's largest e-commerce businesses, aims for high double-digit revenue growth as it introduces "Black Friday"-type discount events to help lure shoppers from the city's retail malls.
Asian shares tread water as China GDP awaited
Asian stocks balked at the starting gate on Tuesday, as investors looked past solid gains on Wall Street overnight to Chinese economic growth figures due later in the session.
U.S. Fed frets over strong dollar, global woes: minutes
Federal Reserve officials want to tie an interest-rate rise to U.S. economic progress, but the minutes of their last policy meeting show they are struggling with how to come to grips with the dual threats of a stronger dollar and a global slowdown.
Russia's VTB Capital closes in on Roberto Cavalli- sources
VTB Capital, the investment arm of sanctioned Russian lender VTB Bank (VTBR.MM), has made a cash payment to secure a deal to buy most of Italian fashion house Roberto Cavalli before the end of November, two sources familiar with the situation said.
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Rocket Internet's Lamudi has received USD7 million funding from Tengelmann Ventures and other new investors left undisclosed, reported TechCrunch.
Amsterdam, Netherlands-based business services provider TMF Group acquired Jakarta, Indonesia-based payroll and HR administration services provider PT Tass Axia Solusi for an undisclosed amount to expand its client base.
San Francisco, US-based venture capital firm Rise Capital is set to raise $146 million to back startups in Africa, South America, and other emerging markets.
Chennai, India-based local language speech-based software solutions provider Uniphore Software Systems grabbed an undisclosed amount of funding from angel investors Indian Angel Network, Ray Stata, and YourNest Angel Fund for its international expansion.
Berlin, Germany-based solar energy startup Changers closed $1.5 million in a Series A funding round led by state-backed fund BFB Frühphasenfonds Brandenburg to turn solar power creation into a rewarding game.
Singapore-based data analytics firm Crayon Data secured INR7.3 crore in a venture round from Jungle Ventures and Spring Seeds Capital for its expansion into the US, UK, Middle East, and China.
The Middle East private equity market looked promising in the past decade but investments have trickled in the past year according to Dealogic data, Financial News reported.
Jacksonville, US-based domestic trucking and international shipping firm Momentum Transportation USA Inc acquired JIX International Freight Services for an undisclosed amount to expand its worldwide operations.
London, UK-based engineering and support services firm Babcock International Group added Oman-based oil and gas training organization National Training Institute (NTI) for an undisclosed sum to extend the latter's training services to the UK.
