News
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1.6KCareem raises $200 million in latest funding round at a reported valuation of over $2 billion
Dubai-based Careem, the region’s leading ride-hailing company has secured $200 million in the latest funding round, the company announced today. The investment...
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1.0KDubai ruler launches ‘Madrasa’, largest free Arabic e-learning platform for school students
Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE and Ruler of Dubai, yesterday launched ‘Madrasa‘,...
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1.3KSaudi cloud communications platform Unifonic raises $21 million Series A
Riyadh-based cloud communications platform Unifonic has raised over $21 million in a Series A round led by STV with participation of Riyad TAQNIA...
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2.9KJordan’s cloud-based point-of-sale startup POSRocket launches developer platform
Amman-based POSRocket has launched its developer portal (currently in beta) that will allow developers to build and integrate their apps on top...
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7.6KEgypt’s HitchHiker raises $200,000 for its international P2P shipping platform
Cairo-based HitchHiker has raised $200,000 for its international P2P shipping platform, the startup announced today. The investment came from Dubai-based angel investors....
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2.4KUber could be worth $120 billion in a possible IPO next year: report
Uber has received proposals from Wall Street banks that value the company at $120 billion if it goes public next year, Wall...
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6.1KEcommerce platforms in Egypt are now required to charge and remit VAT
Egyptian Finance Ministry has notified the ecommerce platforms including Souq and Jumia that they are now required to charge value-added tax (VAT)...
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1.5KSoftbank-backed India’s leading insurance platform Policybazaar expands to UAE
India’s leading insurance platform Policybazaar has expanded to UAE, launching Policybazaar.ae, last month. They’re taking on the established local players who have...
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1.3KBahrain’s ‘Rain’ aims to become the first regulated cryptocurrency exchange of MENA
Co-founded last year by a group of four blockchain enthusiasts from Saudi, Egypt and Silicon Valley, Rain is a Bahrain-based cryptocurrency exchange...