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.
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.)
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.)

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