Ankush Chibber

Managing Editor

Ankush Chibber
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Ankush is a journalist hailing from India, who has edited and written for publications in his home country, the UAE, US, and UK. Previously the editor of Gulf Business in Dubai and of Entrepreneur in India, Ankush is a keen student of economics, a follower of Manchester United since 1996 and a disciple of Archer.
Mubadala Tech Investments

Abu Dhabi’s Wealth Fund Ramps Up Tech Investments

Abu Dhabi's national wealth fund Mubadala is ramping up tech investments as part of its partnership with Japan's SoftBank, a key official from the firm revealed this week.According to Waleed al-Muhairi,  deputy group CEO... (contd.)
UAE tax launch

Post VAT, UAE Exploring New Taxes (No Income Tax, Though)

The United Arab Emirates (UAE) is considering introducing new taxes post the launch of the Value Addex Tax (VAT), the UAE Ministry of Finance has said.These taxes would be explored and implemented... (contd.)
GCC Economic Growth

Gulf Countries Can Expect To See Economic Growth In 2017, Swiss Bank Says

GCC countries can expect their economies to rebound as they adjust to a new normal of lower oil prices and an expected resurgence in global economies, analysis from a Swiss bank has... (contd.)

The New Stars Of The Islamic Economy: Finocracy Melds Finance, Ethics, & Technology

This is part of the series: The New Stars Of The Islamic Economy, featured in the June/July 2017 issue of Inc. Arabia Magazine. Muslims account for one out of every four people on... (contd.)
Bayzat raises funding

Bayzat Raises Additional $5 Million To Boost Growth

UAE-based HR and insurance platform Bayzat has announced that it has raised $5 million in funding as part of a Series A-1 round from a consortium of new and existing investors.According to a statement,... (contd.)
Sustainable Business Policies

Aim To Be A Sustainable Business, Unlock Value, MENA Businesses Told

Sustainable business policies could unlock as much as $637 billion in economic value for firms in the Middle East and North Africa (MENA), a new study has claimed.According to Better Business, Better World... (contd.)
UAE VAT law

Sign Up For VAT ASAP Or Face Dhs20k Fine, UAE Businesses Warned

UAE's primary tax authority is urging businesses to sign up for the Value Added Tax (VAT) as soon as possible and not to run afoul of the tax deadline.In a statement, the... (contd.)
UAE eatery sales declining

UAE’s F&B Businesses Are In For A 2018 Full Of Discontent

Restaurants and cafes in the UAE can expect their sales to decline further in 2018, primarily because of oversupply, a new report has said.The report from consulting and auditing firm KPMG, which... (contd.)
Surgery Crescent

Sharjah-based Crescent Enterprises Invests In Micro-surgery Robotics Firms

Sharjah-based conglomerate Crescent Enterprises has completed a $16 million investment in two US-based micro-robotic medical device companies, it announced today.According to a statement, the firms, ColubrisMX and XCath, were invested in through the multinational's... (contd.)
SME loans Noor Bank UAE

Dubai’s Noor Bank To Step Away From Unsecured SME Lending

One of the UAE's bigger banks has said that it would move away from unsecured lending to small and medium-sized enterprises (SMEs) in the wake of the SME debt crisis in the... (contd.)
Badr Jafar $150 Million VC Arm

Badr Jafar’s Crescent Enterprises Readies $150 Million Venture Capital Arm

Crescent Enterprises, the Sharjah-based multinational conglomerate, has announced the launch of a new venture capital arm that could invest up to $150 million in emerging businesses over the coming three years.According to CEO Badr... (contd.)
Justmop raises funds

UAE-based Home Services Marketplace Raises Series A Round

UAE-based Justmop, an online marketplace for on-demand home services, has raised an undisclosed amount in a Series A round of funding, it announced today.While the amount of the funding was undisclosed, the... (contd.)
Saudi E-commerce

Saudi E-commerce Now Worth Almost $8 Billion

E-commerce spending in Saudi Arabia is booming and expected to grow multiple times shortly, a new report from the Saudi telecom regulator has revealed.According to the Saudi Communications and Information Technology Commission (CITC), Saudi's business-to-consumer... (contd.)
GlamBox gets sold to KSA investors

Beauty Subscription Service GlamBox Gets Acquired By Saudi Group

Dubai-based subscription box startup GlamBox Middle East has been acquired by a Saudi Arabia-based consortium of investors, it announced today.Launched in 2012, GlamBox operates on a subscription e-commerce model like US-based Birchbox—for... (contd.)
Pure Harvest raises $4.5 million

Pure Harvest Raises $4.5 Million To Grow Strawberries In The Desert

UAE-based agribusiness Pure Harvest Smart Farms has raised $4.5 million in a seed round, it announced on Thursday.Pure Harvest, which is a hydroponics-based agribusiness, said that the funding was provided by a... (contd.)

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