All posts tagged "Regional"
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5.6KNewsUAE to grant five-year long-term visas to recently selected 100 Arab startups by World Economic Forum
The government of United Arab Emirates has announced that it is granting five-year long-term visas to 100 Arab startups that are shaping...
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9.3KEcosystem2018 Periodic Table of Tech Investors in MENA
BECO Capital, one of the leading VCs of the region published its 2018 edition of the periodic table of tech investors in...
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6.2KEcosystemHow Careem has transformed the startup ecosystem of MENA
Last week was a major milestone for the region; the biggest acquisition in our history and a pivotal moment for our ecosystem...
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11.4KNewsSTC Ventures, the first institutional investor in Careem makes over 100x return on their initial investment
STC Ventures, the first institutional investor that had led Careem’s $1.7 million seed round in 2013 with an investment of $1 million...
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24.5KNews75 Careem employees to become dollar millionaires after company’s sale to Uber, another 200 to earn at least $270,000 each: report
Hundreds of Careem employees are set to benefit from company’s sale to Uber, according to a report by The National. As many...
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17.2KEcosystemFadi Ghandour believes Careem’s big exit will bring the next wave of entrepreneurship in MENA
Careem’s exit is the biggest success story to come out of Middle East & North Africa’s technology ecosystem and it will spark...
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7.8KEcosystem500 Startups closes its MENA-focused fund ‘500 Falcons’ with $33 million
500 Startups, one of the leading early-stage investors of the world has closed its Middle East & North Africa-focused fund, 500 Falcons,...
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8.2KNewsSaudi-based travel group Al Tayyar wins big with Uber-Careem deal earning profit close to $500 million on their Careem investment
Saudi-based travel group Al Tayyar has won big with Uber-Careem deal, earning a gross profit of $474 million (SAR 1.78 billion) on...
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5.5KNewsUber CEO Dara Khosrowshahi’s email to staff on Careem acquisition: Accelerating in the Middle East
Uber today announced the acquisition of its Middle Eastern rival. Just before announcing the acquisition, Uber’s CEO Dara Khosrowshahi sent an email to...
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11.5KNewsIt’s official: Uber has acquired Careem for $3.1 billion in a cash and stock deal
It is official. After almost a year of rumors, Uber today has announced the acquisition of its Middle Eastern rival for $3.1...