Arada, the Sharjah-based real estate company has launched ‘Sarai,’ a collection of ultra-luxury mansions exclusively designed, in Masaar, Sharjah’s forest community.
Kirin Holdings Co Ltd of Japan will buy Australia’s Blackmores Ltd for $1.24 billion, operating a natural health business in the Asia-Pacific region, the two companies announced on Thursday.
Life expectancy has declined in many countries due to COVID-19 pandemic, but pensions systems across the world has remained ill-prepared to deal with demographic changes as the ageing of societies continues to accelerate, according to a new report from Allianz.
James Zhan, Executive Director, UNCTAD World Investment Forum, announced the launch of ‘UNCTAD World Investment Forum 2023’ at the 12th edition of the Annual Investment Meeting at the Abu Dhabi National Exhibitions Centre. Taking place under the theme ‘Investing in sustainable development’, the forum, which will be held in October will bring together government leaders, global CEOs and other investment stakeholders.
The 12th edition of the Annual Investment Meeting (AIM) announced today that the Democratic Republic of the Congo (DRC) and the United Arab Emirates will collaborate on various projects focused on economic cooperation, investment, and infrastructure in addition to promoting humanitarian assistance efforts.
50Hertz, the German electricity transmission system operator (TSO), and its counterparts from Estonia, Latvia and Lithuania on Tuesday have agreed to jointly develop a hybrid submarine cable project “Baltic WindConnector” in the Baltic Sea between Estonia and Germany.
To encourage the corporate sector to reach net zero targets well in time, the Singapore-based Oversea-Chinese Banking Corporation (OCBC) has launched a new net-zero-aligned loan for corporates.
Mobile technologies and services generated 5% of global GDP, a contribution that amounted to $5.2 trillion of economic value added. The greatest benefits came from productivity effects, which reached $3.5 trillion, followed by mobile operators, which generated $650 billion.
CoLab, the Australian food delivery service, has announced winding up its operations last week. CoLab, is the seventh food delivery brand that have closed their operations in Australia in the last one year.
CoLab is a direct-to-customer retailer website and has entered voluntary administration last Thursday after failing to gain a fresh round of funding. failing to gain financing to continue its operations. It was launched as part of a collaboration between ChefPrep and Co-lab Pantry.
In a LinkedIn post, CoLab’s co-founder and CEO Josh Abulafia said that the company’s staff had been made redundant. “It’s been a tough day for CoLab and unfortunately we have had to let the team go,” he posted.
“As a quick background we (were) in the process of closing out a new round of financing that fell through. We then had significant interest for the company to be acquired and decided to put the company into VA to help, but due to unforeseen events our timelines became truncated,” Abulafia added.
One of the major reasons for the closure of these brands is said to be challenging economic conditions resulting in a rise in the cost of living where consumers have less money to spend.
Other Firms
Earlier, Sydney-based MilkRun, which was in the headlines for promising to deliver groceries within 10 minutes a customer placed order. The firm raised more than $5759 million from some of the biggest names in Australian venture capital, including Atlassian billionare Mike Cannon-Brookes.
In an internal email to the employees on Tuesday last, MilkRuns co-founder and chief executive Dany Milham said: “I am writing to let you know that we have made the difficult decision to wind down the business, and as a result, MilkRun will cease trading this Friday.”
According to Australian media reports, despite banking an impressive $75 million funding round led by a US venture capital firm in 2022, Milham blamed worsening economic conditions for the shock collapse.
Dany Milham had already found success with fast-delivering mattress company Koala. Less than a year ago he was confidently predicting MilkRun would be bigger than Coles or Woolworths within ten years.
The other five delivery service firms, which shut down in the Australian market, included three local startups promising 10-minute deliveries – ‘Send’ in May 2022, ‘Voly’ and British-owned ‘Deliveroo,’ both of which ceased operations in November 2022.
DashMart, which was launched in Sydney, Melbourne, and Brisbane by food courier platform DoorDash in January 2023 claiming it would succeed where its rivals had failed, closed its operations last month.
While Melbourne food delivery platform Providoor became the sixth delivery firm to enter liquidation last month, Germany’s Foodora collapsed in August 2018.
The global markets witnessed as many as 299 Initial Public Offerings (IPOs) raising $21.5 billion in Q1-2023 owing to interest rate rises, a lukewarm stock market, entrenched inflation, and unexpected global banking industry turbulence.
Arada, the Sharjah-based real estate company has launched ‘Sarai,’ a collection of ultra-luxury mansions exclusively designed, in Masaar, Sharjah’s forest community.
Kirin Holdings Co Ltd of Japan will buy Australia’s Blackmores Ltd for $1.24 billion, operating a natural health business in the Asia-Pacific region, the two companies announced on Thursday.
Life expectancy has declined in many countries due to COVID-19 pandemic, but pensions systems across the world has remained ill-prepared to deal with demographic changes as the ageing of societies continues to accelerate, according to a new report from Allianz.
James Zhan, Executive Director, UNCTAD World Investment Forum, announced the launch of ‘UNCTAD World Investment Forum 2023’ at the 12th edition of the Annual Investment Meeting at the Abu Dhabi National Exhibitions Centre. Taking place under the theme ‘Investing in sustainable development’, the forum, which will be held in October will bring together government leaders, global CEOs and other investment stakeholders.
The 12th edition of the Annual Investment Meeting (AIM) announced today that the Democratic Republic of the Congo (DRC) and the United Arab Emirates will collaborate on various projects focused on economic cooperation, investment, and infrastructure in addition to promoting humanitarian assistance efforts.
50Hertz, the German electricity transmission system operator (TSO), and its counterparts from Estonia, Latvia and Lithuania on Tuesday have agreed to jointly develop a hybrid submarine cable project “Baltic WindConnector” in the Baltic Sea between Estonia and Germany.
To encourage the corporate sector to reach net zero targets well in time, the Singapore-based Oversea-Chinese Banking Corporation (OCBC) has launched a new net-zero-aligned loan for corporates.
Mobile technologies and services generated 5% of global GDP, a contribution that amounted to $5.2 trillion of economic value added. The greatest benefits came from productivity effects, which reached $3.5 trillion, followed by mobile operators, which generated $650 billion.
CoLab, the Australian food delivery service, has announced winding up its operations last week. CoLab, is the seventh food delivery brand that have closed their operations in Australia in the last one year.
CoLab is a direct-to-customer retailer website and has entered voluntary administration last Thursday after failing to gain a fresh round of funding. failing to gain financing to continue its operations. It was launched as part of a collaboration between ChefPrep and Co-lab Pantry.
In a LinkedIn post, CoLab’s co-founder and CEO Josh Abulafia said that the company’s staff had been made redundant. “It’s been a tough day for CoLab and unfortunately we have had to let the team go,” he posted.
“As a quick background we (were) in the process of closing out a new round of financing that fell through. We then had significant interest for the company to be acquired and decided to put the company into VA to help, but due to unforeseen events our timelines became truncated,” Abulafia added.
One of the major reasons for the closure of these brands is said to be challenging economic conditions resulting in a rise in the cost of living where consumers have less money to spend.
Other Firms
Earlier, Sydney-based MilkRun, which was in the headlines for promising to deliver groceries within 10 minutes a customer placed order. The firm raised more than $5759 million from some of the biggest names in Australian venture capital, including Atlassian billionare Mike Cannon-Brookes.
In an internal email to the employees on Tuesday last, MilkRuns co-founder and chief executive Dany Milham said: “I am writing to let you know that we have made the difficult decision to wind down the business, and as a result, MilkRun will cease trading this Friday.”
According to Australian media reports, despite banking an impressive $75 million funding round led by a US venture capital firm in 2022, Milham blamed worsening economic conditions for the shock collapse.
Dany Milham had already found success with fast-delivering mattress company Koala. Less than a year ago he was confidently predicting MilkRun would be bigger than Coles or Woolworths within ten years.
The other five delivery service firms, which shut down in the Australian market, included three local startups promising 10-minute deliveries – ‘Send’ in May 2022, ‘Voly’ and British-owned ‘Deliveroo,’ both of which ceased operations in November 2022.
DashMart, which was launched in Sydney, Melbourne, and Brisbane by food courier platform DoorDash in January 2023 claiming it would succeed where its rivals had failed, closed its operations last month.
While Melbourne food delivery platform Providoor became the sixth delivery firm to enter liquidation last month, Germany’s Foodora collapsed in August 2018.
The global markets witnessed as many as 299 Initial Public Offerings (IPOs) raising $21.5 billion in Q1-2023 owing to interest rate rises, a lukewarm stock market, entrenched inflation, and unexpected global banking industry turbulence.
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