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Netflix doubles down on K-content with $2.5 billion investment in South Korea
South Korea’s entertainment industry gets a major boost as Netflix announces $2.5 billion investment in K-dramas and movies over the next four years.
Temu shopping app extends service to six European countries
Temu, a shopping app from Chinese e-commerce giant Pinduoduo, that became the most popular app in the United States, has now entered the European market.
Tim Cook opens first Apple store in India
India is buzzing with excitement as Apple's CEO Tim Cook landed in Mumbai to inaugurate the company's first-ever retail store in the country
UAE’s Mubadala to invest $2.5 billion in renewable fuels production in Brazil
UAE’s Mubadala Capital plans to invest $2.4 billion over 10 years to build a green diesel and sustainable aviation kerosene factory in Brazil
Saudi Arabia launches four new economic zones to attract foreign investors
Saudi Arabia has launched four special economic zones to offer more incentives to foreign investors and strengthen its position as a global business center
Careem Super App spinout secures $400 million from UAE tech group e&
Careem, the Middle East-based ride-hailing company, launches Careem Super App spinout after securing a $400M investment from UAE telecom giant
Tech consulting giant Accenture to cut 19,000 jobs
The global tech consulting group Accenture announced that it is laying off roughly 19,000 people
Pakistan’s logistics startup Trax raises $3.7 million
Pakistani delivery e-commerce logistics startup Trax has raised $3.7 million funding in an early seed round.
Tech layoffs: Amazon cuts 27,000 jobs in 2023
Amazon plans to eliminate 9,000 more jobs in the next few weeks in second largest round of layoffs in the company's history
UAE wealth fund to invest $500 million in India’s Lenskart
UAE’s sovereign fund Abu Dhabi Investment Authority (ADIA) will invest $500 million in Lenskart, an India eyewear retailer, becoming one of the largest shareholders in the company