AcquisitionBusiness NewsEntrepreneurship

Talabat Shares Climb On Dubai Financial Market As Uber’s Delivery Hero Acquisition Talks Advance

Talabat, the Dubai-listed food and grocery delivery platform owned by Delivery Hero, saw its shares rise after Delivery Hero confirmed it is in advanced acquisition talks with Uber, a deal that could reshape the MENA food delivery landscape.Talabat’s stock climbed as much as 2.5% to AED 1.20 (USD 0.33) during Wednesday’s session, outpacing the Dubai Financial Market before closing 0.8%…

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The First Group And Pulse Developments Launch $670 Million Hospitality Push In Sharm El Sheikh, Egypt

British developer The First Group has partnered with Egypt’s Pulse Developments on a $670 million-plus hospitality venture, delivering more than 3,200 hotel units across three projects in Sharm El Sheikh, one of the largest recent hospitality investments in Egypt’s tourism sector.The partners plan to build an integrated platform to develop, operate, and market hotel assets under global brands, rather than…

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