Technology
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10.7KDubai fintech and Pakistani ecommerce platform launch a buy now pay later service for overseas Pakistanis
Rise, a Dubai-based fintech that provides financial services to low-income migrants in Gulf (and recently raised $1.4 million in a round led...
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8.8KZynga in advanced talks to acquire Turkish mobile gaming company Peak for over $1 billion: report
Update – June 1, 2020: It is now official. Zynga has confirmed the acquisition of Peak for $1.8 billion. Details here. American...
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3.1KBayut & Zameen parent EMPG acquires Lamudi Global to expand into Philippines, Indonesia, and Mexico
Emerging Markets Property Group (EMPG), the latest unicorn of the region that owns and runs Bayut, Zameen, and different other leading property...
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8.3KDubai fintech Spotii launches its ‘shop now pay later’ platform in UAE
Dubai-based fintech Spotii has launched its shop now pay later platform in the United Arab Emirates, it announced in a statement to...
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5.2KUber reports nearly $3 billion quarterly loss
Uber today announced its financial results for the first quarter of 2020. The global ride-hailing and food delivery company lost $2.94 billion...
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8.7KUber to lay off 3,700 employees or about 14 percent of its global workforce
Uber, the global ride-hailing company is laying off about 3,700 full-time employees, it revealed in an SEC filing today. The cuts are...
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4.1KUber Eats exits Saudi & Egypt, transfers business to Careem Now in UAE
Uber Eats, the food delivery arm of Uber is exiting Saudi Arabia, Egypt, and five other markets, the company announced in a...
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9.9KCareem is killing its mass transportation service ‘Careem Bus’
Careem is killing its mass transportation business Careem Bus, company’s CEO Mudassir Sheikha announced today. The decision was announced by him as...
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19.9KCareem lays off 31 percent of its workforce as business takes a big hit due to Covid-19
Dubai-headquartered ride-hailing (super-app) company Careem that was acquired by Uber earlier this year is laying off 536 of its employees which make...