Saudi Arabia to form entity with $29bn in equity holdings

The funds hold significant stakes in Saudi Arabian firms

Jail time, fines for illegally raising funds in the UAE

The Public Prosecution has called on those who wish to help the needy during Ramadan to follow legal channels

Dubai cybersecurity firm spiderSilk closes $2.25m funding round

Proceeds will be used to expand the firm’s geographic footprint across the MENA region

UAE’s Fruitful Day raises over Dhs3m to fund expansion

The company will use the funds for horizontal and vertical expansion