The popular mobile money platform M-Pesa, of the United Kingdom based Vodafone, has been acquired by Kenya's leading telecom firm Safaricom and South Africa's Vodacom, the two companies said in a statement on Monday.   "The transaction... will accelerate M-Pesa's growth in Africa by giving...

Work on its major project in Dubai has been suspended by Emaar Properties, which is the largest listed construction company in the United Arab Emirates, according to reports quoting sources familiar with the matter. This decision, according to sources, was because of the spread of the coronavirus...

As Amazon - the largest e-commerce platform company of the world, struggles to find an effective way to screen its staff and reduce the risk of infection at its warehouses, the company has got in touch with the CEOs of two coronavirus test makers to find a solution, according to a report filed by...

Last year Japanese investment company SoftBank had agreed to a tender offer for additional WeWork shares with shareholders worth $3 billion which has now been terminated by the Japanese firm. This has now raised the threat of legal actions while deepening the problems and crisis for the already...

Disney+ streaming services from WALT Disney is set to make its debut in the Middle East and North Africa from April 9 in partnership with OSN – the regional pay television and online streaming service provider.   Without disclosing much information about the deal, OSN Chief Executive Patrick...

The American trade restrictions imposed on the Chinese tech company Huawei, which severely impacted the sales of the company in 2019, will make 2020 one of the most difficult year years for it, the company warned on Tuesday.   The company also predicted that retaliatory measures will also be...

The United States based auto giant Ford has said that it would be manufacturing as many as 50,000 simple ventilators within 100 days for the coronavirus patients and added that its plans include continuation of production of 30,000 ventilators every month from then on.   The ventilators will...

A rising demand for groceries and a shortage of workers has prompted Amazon.com Inc to offer higher pay to its own employees engaged in its warehouses to work in picking and packing at Whole Foods, reported the news agency Reuters based on an internal document in its possession.   This...

The very heavy hit that the global airlines are facing because of the coronavirus pandemic and the travel restrictions and national lockdowns imposed by many countries hit by the virus outbreak was reflected in the decision of British low cost airline EasyJet to ground all of its fleet of more than...

One of the largest airlines of the Middle East - Qatar Airways, will soon run out of cash even to operate flights, said the company’s  Chief Executive Akbar al-Baker on Sunday to te news agency Reuters, and added that the company will have to approach for help eventually.   Governments...

With the slow but assured opening up of China following a severe lockdown, iPhone factories of the suppliers of Apple are mostly back in operations. However the question that the United States based tech giant is currently facing is how many people would be willing to purchase the older as well as...