Technology
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18.2KZynga 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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10.8KBayut & 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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21.5KDubai 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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10.3KUber 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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15.0KUber 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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11.7KUber 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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18.1KCareem 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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30.0KCareem 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...
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12.8KVezeeta launches its healthcare platform in Kenya, Nigeria next
Vezeeta, the leading healthcare startup of the Middle East & North Africa has expanded to East Africa with the launch of its...
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24.7KBayut & Zameen parent EMPG raises $150 million at a valuation of over $1 billion, announces merger with OLX in a few markets
Dubai-based Emerging Markets Property Group (EMPG) that runs property portals in different emerging markets across the world including Bayut in Dubai, Zameen...