Ankush Chibber

Managing Editor

Ankush Chibber
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.
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.)
Bounced checks Dubai

Dubai Business Owners, Bounced Cheques Of Less Than 200k To Be Dealt With Fines

Businessmen in Dubai have got further relief from the local government as the Dubai Public Prosecution service has moved to implement a legal framework that will allow bounced cheques to be dealt... (contd.)
The New Stars Of The Islamic Economy

The New Stars Of The Islamic Economy: Zileej Wants To Make Smart Lifestyle Products For Muslims

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.)
Dubizzle acquires two companies

Dubizzle Buys Up Two Dubai-based Firms To Its Boost Property Business

UAE-based classifieds platform Dubizzle has revealed that it has acquired two companies to help improve its real estate listings business.According to a report, Dubizzle has bought two Dubai-based companies—Masterkey, a  software platform... (contd.)
Inc. Arabia Breadfast

Cairo-based Breakfast Delivery Startup Snags Seed Funding

Breadfast has raised an undisclosed amount in seed funding from 500 Startups, Qatar-based Averroes Ventures, and angel investors, it announced this past week.Cairo-based Breadfast is a baked goods, and breakfast delivery startup co-founded earlier... (contd.)
Inc. Arabia tristar

GIC Invests $100 Million In UAE-based Logistics Firm

UAE-based Tristar Group has sold an undisclosed equity stake to Kuwait-based Gulf Investment Corporation (GIC) by issuing $100 million worth of fresh shares to the latter, it announced this week.The fund will... (contd.)
VAT on social media influencers

UAE’s Online Businesses, Social Media Influencers Need To Be Read For The VAT

Social media influencers operating in the UAE would be subject to the Value Added Tax (VAT), the country's tax authority has said.According to a local news report, which cited the Federal Tax... (contd.)
Shuaa wants stake in GIH

Dubai’s Shuaa Capital Eyes Controlling Stake In Kuwait-based Global Investment House

Dubai’s Shuaa Capital is looking to pick up a controlling stake in Kuwait-headquartered Global Investment House (GIH) “in the coming year”, a key official from the firm told local newspaper The National.It... (contd.)
Fetchr Drone Delivery

Fetchr Inks Partnership To Ship Your Packages Via Drones

Three tech companies including Dubai-based on-demand shipper Fetchr have joined forces to develop the first autonomous drone delivery service in the Gulf region.Fetchr, in collaboration with Eniverse and Skycart, will drive the... (contd.)
DIFC notices IM and Direct messages

DIFC Courts To Let Defendants Be Served Via IM, Direct Messages

Dubai’s DIFC Courts Small Claims Tribunal (SCT) will now let claimants serve notices to defendants over direct and instant messaging (IM) services like WhatsApp and Facebook Messenger, a statement indicated.The move is... (contd.)
UAE economy slows down

IMF: UAE Economy Expected To Grow Slower In 2017

The economy of the United Arab Emirates will grow only marginally this year, the International Monetary Fund (IMF) has predicted.Abu Dhabi, the emirate which underpins the UAE economy, can only expect a marginal... (contd.)
Lebanese Central Bank Digital Currency

Lebanese Central Bank (Sort Of) Embraces A Digital Currency Future

The Lebanese central bank intends to launch its own digital currency in the very near future, its head said this past week.Riad Salameh, governor of the Banque Du Liban (BDL), has announced that... (contd.)
UAE to amend ownership laws

UAE Close To Ending 49% Ownership Limit For Some Mainland Busineses

The UAE is close to issuing a new investment law that will end the 51-49 ownership restriction for foreign investors in some sectors, the country's economy minister said on Monday on the... (contd.)
Techstars teams up with GINCO

Techstars Teams Up With GINCO To Launch A Dubai-based Accelerator

Techstars, a global entrepreneurial network, has teamed up with Dubai-based GINCO Investments to launch a new accelerator program for startups.According to a statement, the Techstars Dubai Accelerator will be located in the... (contd.)
ADGM to regulate ICOs

ADGM Sets Sail On Uncharted Waters With New Guidance On ICOs

Abu Dhabi Global Market's (ADGM) financial services regulator has issued its first guidance on Initial Coin offerings (ICOs) and Virtual Currencies like Bitcoin, bucking the trend of regulators coming down hard on... (contd.)

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