Posts By MB Staff
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3.9KNewsAlabbar’s call to impose 51% local ownership rule on ecommerce draws criticism from many in the ecosystem
Mohamed Alabbar, the chairman of Emaar Properties and founder of Dubai-based ecommerce platform Noon gave a controversial statement, speaking to Al Khaleej...
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10.7KEcosystemEgypt’s Sawari Ventures to launch $55 million VC fund this year
Correction: A previous version of this story noted that the fund will be fintech-focused. Sawari Ventures’ team reached out to us to...
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27.9KNewsUber in talks to acquire Careem for over $2 billion: report
Even after previous denials from both the companies, the rumors about Uber potentially acquiring Careem are not dead yet. Bloomberg, quoting unnamed...
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5.2KNewsSaudi’s Public Invest Fund invests over $1 billion in Tesla competitor Lucid Motors
Saudi Arabia’s foreign wealth fund that is known as Public Investment Fund (or PIF) has agreed to invest over $1 billion in...
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13.1KNewsA15 sells its stake in fintech startup TPAY with a return that’s multiple of the value of the entire A15 Fund
A15, one of the leading early-stage investors in Egyptian startup has sold 76% stake in the UAE-based fintech startup TPAY to Africa’s...
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2.8KEcommerceSouq launches ‘Amazon Global Store’ in Saudi with more than one million global products from Amazon.com in US
Almost nine months after launching the Amazon Global Store in UAE, Souq is now expanding it to Saudi Arabia. Launched last week,...
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1.8KNewsCareem expands to Sudan with the launch of operations in Khartoum
As reported by MENAbytes earlier this year, Careem has finally announced the launch of its operations in Sudan’s capital Khartoum. The ride-hailing service...
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4.3KNewsEgypt’s competition regulator warns Uber & Careem against possible merger
In a very bold and unexpected move, Egyptian Competition Authority, country’s competition regulator has warned Uber and Careem against a possible merger....
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5.8KEcosystemFintech in Egypt: An overview
Coming from a background in finance, fintech is always close to our hearts. This month we took a look at the emerging...
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3.2KNewsCareem now has one million captains across its ride-hailing network in 14 countries
Careem now has one million captains on its network, the Dubai-based company has announced today. It had originally set the target about...