DUBAI / Emirates Business Wadi.com, the fastest growing e-commerce platform of the Middle East, has raised USD 67m with Al Tayyar Travel Group as the lead investor ten months after its launch. The investment marks the largest series A funding in the tech history of the Middle East and will further accelerate the growth of the company. Wadi.com was started ...

Yangon / Bloomberg The European Union’s regulatory arm proposed more oversight of natural-gas contracts with Russia and other external suppliers as a part of a wider plan to boost energy security. The European Commission is also seeking closer regional cooperation among the EU’s 28 nations to prevent supply disruptions, under its winter gas package presented in Brussels on Tuesday. The ...

Yangon / Bloomberg Over 3,000 people have fled their homes in northern Myanmar following clashes between two ethnic rebel groups, the United Nations said Tuesday, raising fears the government’s fragile peace efforts could be fracturing. Heavy fighting in the northern state of Shan broke out last week between the Restoration Council for Shan State (RCSS) and the Ta’ang National Liberation ...