Intel on Monday announced that the company has acquired the HaMerkaz, Israel headquartered mobility startup Moovit for $900 million.
Read MoreIntel acquires Israeli mobility startup Moovit for $900 Mn Curefit has reportedly laid off over 800 employees across and shut down a number of gyms and centres across India and the UAE
Read MoreCurefit Lays off 800 employees, implements salary cuts & shuts down centres in India & UAE Careem has recently announced that it is officially laying off 31 percent of its employees in a wake of huge losses amid the COVID-19 crisis.
Read MoreCareem lays off 31% workforce amid losses due to COVID-19 Headquartered in California, US, Instabug yesterday announced that it has raised a $5 million in a Series A round from Accel.
Read MoreInstabug raises $5 Mn in Series A funding round from Accel The foodtech joint of the international ride-hailing unicorn Uber has shut down its operations in a total of 7 markets including Egypt and Saudi Arabia.
Read MoreUber Eats exits 7 markets including Egypt & KSA, will operate under Careem Now in UAE In honour of the #UbuntuLoveChallenge the fund will aid startups ensuring they remain afloat, and tide over these uncertain times.
Read MoreSheraa sets up $1 Mn Equity-free Grant Pool to support startups amid COVID-19 Flat6Labs Bahrain is holding their first Digital Demo Day for its 4th Cycle where 7 innovative startups will be presenting their businesses virtually.
Read MoreFlat6Labs Bahrain holds their first Digital Demo Day for its 4th Cycle Dubai's online classified group EMPG and Amsterdam-based OLX Group have recently announced a merger in Pakistan, Egypt, Lebanon, and the UAE
Read MoreEMPG announces merger with OLX Group, raises $150 Mn & reaches unicorn status Middle East's leading finance comparison platform today announced that it has raised $4.25 from Gulf Insurance Group (gig)
Read Moreyallacompare raises $4.25 Mn from Gulf Insurance Group Dubai's Hubpay, a digital wallet solution for remittances has recently raised seed funding from Signal Peak Ventures, with participation from Falcon Network.
Read MoreHubpay – UAE-based digital wallet solution raises seed funding