Technology
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1.1KUber stumbles almost 8% on its disappointing stock market debut, valuation goes down to $76 billion
Uber’s highly anticipated IPO debut didn’t end well, with one of the most valued VC-backed companies, losing 7.62 percent on its first...
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30.2KExclusive: European on-demand delivery startup exits Egypt leaving over 40 employees and 3,000 delivery partners without work
Barcelona-headquartered on-demand delivery startup Glovo is shutting down its operations in Egypt today in a shocking move. The news first surfaced on...
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2.9KDelivery Hero’s Kuwait 2018 revenue surges twofold to $110 million, Saudi grows 87% to $103 million
We reported about two months ago that MENA accounted for almost half of Delivery Hero’s revenue last year and was also responsible...
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1.6KCareem’s food delivery service ‘Careem Now’ launches in Riyadh
Careem’s food delivery service ‘Careem Now’ has launched in Riyadh, the company announced on its social media channels and app without sharing...
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1.5KEgypt’s Eventtus unveils new identity, launches a new product to help event sponsors and exhibitors with leads
Cairo-based event engagement platform that is one of the region’s leading providers of branded event apps and registration and ticketing solutions sells...
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4.1KUber’s IPO filing: Uber & Careem to share demand and supply, Careem to exit Sudan, a possible reduction in $3.1 billion price and more
Uber last week filed its paperwork (S-1) with Security Securities and Exchange Commission (SEC) to go public on the New York Stock...
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1.7KSoftBank-backed Indian budget hotel startup Oyo plans to be in 17 Saudi cities by next year
SoftBank-backed Indian budget hotel startup is betting big on Saudi Arabia. The startup that entered the Saudi market less than two months...
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3.0KJumia becomes first African startup to launch US IPO, shares soar over 50% within first hour valuing the company at over $1.5 billion
Almost a month after filing for an initial public offering (IPO) on New York Stock Exchange, the Lagos-headquartered ecommerce startup Jumia today...
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2.2KDubai-based investment advisory platform Sarwa launches Halal and Socially Responsible Investing (SRI) portfolios with account minimum of $500
Sarwa, a Dubai-based investment advisory platform that enables people to make investment allows people to make investments automated investment platform where the...