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Intelak Incubator, Dubai SME partner to launch ‘Intelak Idea Lab’

Dubai / Emirates Business The Intelak Incubator – founded by the Emirates Group, GE and Etisalat Digital – has on Wednesday signed a Memorandum of Understanding (MoU) with Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, to host and foster ‘Intelak Idea Lab,’ a three-week training program focused on giving entrepreneurial-minded ...

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American equities pull back from records as oil climbs

Bloomberg Stocks pulled back from the rally that had pushed equities to records as oil jumped on a forecast for rising demand. The S&P 500 Index slipped and the Stoxx Europe 600 headed for the first drop in six days after US and global benchmarks closed at all-time highs a day earlier. Miners led the decline in Europe as the ...

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Savola, Almarai drag down Saudi, Qatar sold by foreign investors

Reuters Shares of Saudi Arabia’s top food producers, Savola and Almarai, fell on Wednesday after Savola said it was selling a small stake in the dairy maker, while Qatar’s bourse closed at a 52-month low as foreign funds continued to exit. The Riyadh index fell 0.3 percent with Savola declining 1.8 percent to 46.55 riyals, after initially surging to an ...

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