Careem invests $50 Mn in its new Super App as a part of COVID-19 revival plans
Dubai, UAE-based ride-hailing unicorn Careem has reportedly launched its Super App across 13 markets and invested $50 million in the same.
MENA
Startup funding, acquisitions, government-backed initiatives, and cross-border business developments from across the Middle East and North Africa.
UAE’s Al Tayer Group shuts down its e-tailer Nisnass
UAE-based Al Tayer Group has recently announced that its e-tailer Nisnass will close down its operations from July 16.
These Dubai-based gyms announce shutdown due to COVID-19
five Dubai-based gyms and fitness centres have permanently closed operations as COVID-19 including CrossFit GoldBox Dubai, Flywheel Dubai, Cult.Fit...
Tata Asset Management establishes a regional office in Dubai International Financial Centre
DIFC, leading international financial hub in the Middle East, Africa & South Asia (MEASA) region has welcomed Tata Asset Management Limited to the Centre.
Rizek – Abu Dhabi’s service marketplace raises $3.5 Mn funding
Rizek, Abu Dhabi-based service marketplace yesterday announced that the company has raised $3.5 million in a seed funding round
Ajar – Kuwait’s proptech startup scoops $7.5 Mn funding
Kuwait's proptech startup Ajar closed its Pre-Series A round with participation from SBX Capital, 500 Startups, and Seed Partner.
Tabby – UAE’s first ‘Buy-Now Pay-Later’ solution scoops $7 Mn funding
UAE-based fintech startup Tabby that offers a unique avenue of 'Buy Now - Pay Later' today announced that the company has raised $7 million funding
200% increase in business cutting innovation spend during COVID-19
Research by innovation firm Rainmaking shows that businesses predicted 2020 revenues have fallen by almost half in just a month
Dubai International Financial Centre Companies to benefit from Master Employee Health Insurance Policy
DIFC has signed a memorandum of understanding (MoU) with EC3 Brokers to implement a Group Health Insurance Master Policy.
PAYFORT launched #StartUpStayUp initiative to support startups in the UAE, Egypt & KSA
PAYFORT, an online payment gateway by Amazon earlier today announced the launch of its #StartUpStayUp initiative that aims to support
Dubai’s EMPG unveils details of its merger with OLX Group
EMPG unveiled deeper details of the merger. Both Dubizzle and Bayut will be operated by EMPG. Global presence for EMPG other than the UAE includes Zameen...
Denarii Cash and GCash join forces to help OFWs send money to their families without transactional charges
Philippines-based company GCash has recently announced a partnership with UAE's Denarii Cash to provide Overseas Filipino Workers (OFWs) the ability