Venture Capital

Advertisers expectant over NBC's 'The Million Second Quiz'

Debuting on Comcast Corp's television network NBC, "The Million Second Quiz", its advertisement partners were optimistic that the novel format show would provide revenue opportunity.


Al Salam Bank to finalize merger with BMI in share swap deal

Islamic lenders Al Salam Bank and BMI Bank agreed on a share swap merger deal. According from a statement released on Monday by Islamic lender Al Salam Bank, it had agreed on merging with fellow Bahrain-based lender BMI.

No plans for Amazon phone, yet

Amazon clarified a blog report that the ecommerce firm was preparing its own phone. According to Drew Herdener, spokesperson for Amazon. com, the Seattle based e commerce firm has no plans to introduce a phone in 2013.

SJM to expand with new casino resort in Cotai area

SJM, the gambling firm owned by mogul Stanley Ho, is set to expand with a new casino resort in the Cotai area of Macau.


Latest News

Three more IMAX theaters to be built in the Middle East region. In an announcement, IMAX Corporation and Gulf Film formalized an expansion of their partnership through a revenue share agreement.
The UAE railway network's first phase has been completed. The first phase of the multi-billion dollar rail network for UAE is acheduled for inauguration for the end of 2013.
The highest altitude and the greatest speed was achieved by Virgin Galactic's SpaceShip Two. SpaceShip Two of Virgin Galactic reached record speeds and altitude in tests just before it starts its plan of manned flight to space with passengers by next year.
CHAMP Marlin Holdings and SEA6 Limited offered a total of USD150 million takeover bid for the remaining 25% stake it does not own in Miclyn Express.
Brazil, Russia, India, China and South Africa have all agreed to create a USD100 billion fund as buffer for financial shocks.
Jinni has been boarded by XBox as its newest partner to power its video content catalog. Natural language processing-based video content recommendations provider Jinni was boarded as Xbox's newest partner.
Sources said NTT DoCoMo would finally start offering Apple's iPhones to its Japanese subscribers.
Italian investment company Azimut inked a joint venture partnership for Brazil with Legan Administracao de Recursos.
According to the Latin American Venture Capital Association, there has been a 100% increase in value and volume for the market for the first half of 2013.
Michigan had joined six other states in a lawsuit to block the proposed merger of US Airways and American Airways to create the world's largest airline company.
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