Technology
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22.5KUber 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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3.7KSaudi’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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4.0KTunis-based robotics startup ‘Enova Robotics’ raises $1.6 million in the largest funding round for a Tunisian startup
Enova Robotics, a Tunisian robotics startup has raised $1.6 million investment in what’s the largest-funding round for a Tunisian startup, according to...
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1.4KMeet the 13 startups from Saudi accelerator Taqadam’s second cohort
Started in 2016, Taqadam is a Saudi university startup accelerator that is run by King Abdullah University of Science and Technology in...
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2.0KSouq 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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957Careem 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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11.5KEgyptian coworking space startup AlMaqarr raises investment from Cairo Angels and Alex Angels
AlMaqarr, an Egyptian coworking space startup has raised investment from Cairo Angels, the angel network announced yesterday in a statement. The size...
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10.0KWe’re pretty happy that we were able to force a giant like Careem to join us as competitor, says Swvl CEO Mostafa Kandil
It has been more than three months since Egypt’s transportation startup Swvl announced an $8 million Series A round, the largest for...
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3.0KEgypt’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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2.5KFintech 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...