Technology
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7.2KCareem acquires UAE-based bike-sharing startup Cyacle to expand into micro-mobility
As the previous reports suggested, Careem has acquired a UAE-based bike-sharing startup Cyacle to expand into micromobility, the company announced today, without...
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8.6KFord and Swvl announce strategic partnership, Swvl operators to use Ford Transit minibus as preferred vehicle of choice
Ford and Egyptian transportation startup Swvl have announced a partnership today that will see Ford Transit minibus as the preferred vehicle of...
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4.5KAirbnb launches Arabic website, mobile apps also available in Arabic now
Airbnb has launched its global short-term rentals and experiences platform in Arabic, the company announced last week, saying that it will enable...
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2.7KUber tanks further 11% on second day, market cap falls below $63 billion
Uber’s stock continued its bad run on the second day of trading, falling by 10.7 percent to close at $37.10 after debuting...
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3.2KUber 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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43.2KExclusive: 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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7.6KDelivery 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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4.6KCareem’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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3.6KEgypt’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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6.2KUber’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...