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.
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.)

Saudi SMEs Get A “Fund of Funds” To Fuel Their Growth

Saudi Arabia has announced that it will create a mega-fund that will help support the growth of the country's small and medium-sized enterprises (SMEs).According to a statement, Saudi Arabia's Public Investment Fund (PIF) will... (contd.)
Dubai Chamber launches new corporate startup matching program

Dubai Chamber Has Launched A Startup-Corporate Matching Program

Dubai Startup Hub, an initiative of the Dubai Chamber of Commerce and Industry, has launched a new program that will look facilitate deals between startups, and companies and government entities in the... (contd.)
Wages to drop in the Gulf

Most GCC Employees Can Kiss Pay Hikes Goodbye (For Now)

Employees in the Gulf states should be prepared for a 'long winter' with no real wage growth in the coming year, two reports this week have indicated.According to an analysis from recruitment... (contd.)
Nanotronics raises funds from ICD

Dubai Backs Maker Of The ‘World’s Most Advanced Automated Microscope’

Dubai's sovereign wealth fund has invested in Nanotronics, a US-based developer of what is claimed to be the world's most technologically advanced automated microscope, it announced October 3.According to a statement, Nanotronics has... (contd.)
GCC State of Digital

Here Are The 3 Truths As Per LinkedIn About The State Of The GCC’s Digital Arena

This week, tech major LinkedIn teamed up with the Ideation Center at Strategy&, part of the PwC network, to issue a report on the state of digitization.And it did not make for pretty reading for anyone thinking... (contd.)
Beehive raises fresh funds

Dubai-based P2P Startup Beehive Raises $5 Million As It Prepares To Enter Saudi Arabia

Dubai-based peer-to-peer (P2P) lending platform Beehive has secured $5 million investment as part of a Series A round led by Riyad TAQNIA Fund and the Mohammed Bin Rashid Fund (MBRF), it announced... (contd.)
Altibbi raises $6.5 million from DASH and MEVP

Dubai-based Digital Health Platform Raises $6.5 Million To Boost Its Growth Into A Higher Gear

Digital health startup Altibbi has raised $6.5 million in a new round of funding to boost its growth and expansion in the region. According to a statement, the round was co-led by Middle... (contd.)
Waha Capital invests in Channel VAS

Channel VAS Banks $55 Million From Waha Capital In Its Mission To Bank The Unbanked

Abu Dhabi-based investment firm Waha Capital announced today that it had acquired a significant minority stake in Dubai-based fintech firm Channel VAS.According to reports, Waha Capital picked up the undisclosed stake for... (contd.)
MEVP launches $250 million fund.

Mohamed Alabbar & MEVP Aim To Plug The MENA Startup Ecosystem’s Growth Capital problem

Mohamed Alabbar-backed venture capital firm Middle East Venture Partners (MEVP) announced today a $250 million venture capital fund it will use primarily to fund growth-stage companies in MENA and Turkey.Called the Middle East... (contd.)
MENA IPO activity

So, How Is The MENA IPO Market Doing?

While there were many more companies in the MENA region going public in the first half of 2017 than in the same period in 2016, there was a significant drop in the... (contd.)
AWS to open data centers in Bahrain

Amazon Web Services To Open Its First MENA Data Centers In Bahrain

Global tech giant has announced that it will open three data centers in Bahrain by early 2019 as part of an infrastructure push in the Middle East.According to a statement, following... (contd.)

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