Amazon is investing big in India.
The Seattle-based e-commerce giant has pumped in AED 2.3 billion rupees into its Indian subsidiaries.
They consider the Asian country as one of its fastest growing markets.
However Amazon is competing in India with Walmart Inc-owned Flipkart.
Wizz Air to exit Abu Dhabi operations
Low-cost carrier Wizz Air said on Monday it would exit its Abu Dhabi operations and suspend all locally based flights from September due to operational challenges and geopolitical developments in the Middle East.
DP World to develop Syria’s Tartus Port under $800 million agreement
DP World has signed a 30‑year concession agreement worth $800 million with Syria’s General Authority for Land and Sea Ports to redevelop and operate the Port of Tartus.
UAE strengthens intellectual property ties with Spain, Morocco
The UAE's Ministry of Economy and Tourism has signed two agreements with Spain and Morocco to strengthen cooperation in industrial property rights.
SpaceX to invest $2 billion in Musk's xAI startup, WSJ reports
SpaceX has committed $2 billion to xAI as part of a $5 billion equity round, deepening the ties between tech billionaire Elon Musk's ventures as his artificial intelligence startup races to compete with rival OpenAI, the Wall Street Journal reported.
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