Ex-Uber CEO raises $400 Mn from Saudi PIF for his new company CloudKitchens
Saudi Arabia Public Investment Fund has recently invested $400 million in the new venture of the ex-Uber CEO Travis Kalanick.
MENA
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Atlantis, The Palm Signs Exclusive Agreement with ReserveOut for its Annual Culinary Month Festivities
Atlantis, The Palm announced the launch of its third annual Culinary Month, from November 3 to December 5.
#BrandFusion 7 by Venture Central with Annex Investments was a resounding success
The 7th edition of #BrandFusion under the theme B2B Entrepreneurship Series hosted by Venture Central in partnership with Annex Investments opened with a high notes.
Daman recognises top firms introducing exceptional health & wellness programs for workplaces
Daman Corporate Health & Wellness Awards 2019 recognises five firms providing exceptional health programmes to increase employee productivity at workplaces.
Dubai International Financial Centre Marks UAE Flag Day
Dubai International Financial Centre (DIFC) proudly celebrates UAE Flag Day, honouring Emirati heritage, the history of the UAE and the vision of its wise leadership.
Riyad Bank launches new fintech fund of $26.6Mn
Riyad Bank on Tuesday launched its digital partnership program, with an investment of SR100 million ($26.6 million) investment fund for fintech startups.
Six final teams to compete in Ibtikari programme 5.0
The six final teams will compete in the Ibtikari 5.0, a five-month incubation programme designed to help UAE nationals advance their tech start-ups.
Dubai’s W Ventures to Invest $50Mn to create an eSports Platform for MENA
The platform will be developed in collaboration with Virginia, US-based marketing agency RedPeg to boost the eSports ecosystem in the MENA region.
HH Sheikh Mohammed launches Dubai ‘Future Labs’
HH Sheikh Mohammed bin Rashid on Monday launched Dubai Future Labs - four high-tech laboratories on aviation, energy, blockchain and entrepreneurship
Dubai-based Repeat raises $2.5m in a Series A round
Repeat helps restaurants increase their revenues while giving targeted and tailored rewards to their most loyal customers.
Expo 2020 Dubai is going to be 100% green
The 422MW of energy used during Expo 2020 Dubai will be 100 percent generated from renewable sources.
Swvl’s co-founder and COO Mahmoud Nouh leaves the company
The Cairo-based startup has recently reported that Mahmoud Nouh, the COO and a co-founder of Swvl has left the company to pursue his personal endeavours.