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10.7KNewsUpdate: Careem lays off over 150 employees amid cost cuts
Update – Jan 26, 2019 – 9:30 AM GMT: The story was updated with more details after we spoke with multiple sources...
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7.8KNewsSaudi’s Public Investment Fund (PIF) will not invest in SoftBank Vision Fund 2 (for now): report
Public Investment Fund, the Saudi sovereign wealth fund that was one of the biggest backers of SoftBank’s Vision Fund 1, has suspended...
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5.7KNewsAfter Oman, Careem exits Turkey too
Dubai-headquartered Careem that has been recently acquired by Uber today has announced that it is exiting Turkey. The announcement comes just two...
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4.9KEcosystemAbu Dhabi Investment Office invests $16.3 million in five startups and a VC fund
Abu Dhabi Investment Office, ADIO, has invested $16.34 million (AED 60 million) in five startups and a venture capital fund, it announced...
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7.5KNewsDelivery Hero’s Talabat absorbs Carriage’s operations across the region
Delivery Hero is making some big changes in the GCC. The Berlin-headquartered group that operates different companies and brands has decided to...
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7.0KNewsExclusive: Otlob’s Managing Director Walid El Saadany leaves the company
Walid El Saadany, the Managing Director of Egypt’s leading food delivery company Otlob (that is owned by Delivery Hero) has left the...
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6.3KInvestmentsDubai’s Sarwa raises $8.4 million Series A to make investing easy
Dubai-based investment advisory platform Sarwa has raised $8.4 million in a Series A round, it announced today in a statement to MENAbytes....
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13.3KNewsGlovo exits Egypt, Turkey, and two other markets to focus on profitability
Glovo is exiting four markets including Egypt and Turkey, the Spanish on-demand delivery platform announced in a statement today. The move, Glovo,...
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11.5KNewsCareem pulls out of Oman
Careem is pulling out of Oman, one of the fourteen markets where it offers its ride-hailing services, it announced today, saying that...
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5.4KNewsPakistan’s Bykea expands further into payments, launches Bykea Cash
Pakistani motorbike-based ride-hailing and logistics startup Bykea that had raised a $5.7 million Series A last year, is expanding further into payments...
