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Formula E will finally debut its fast-charging pit stops this weekend

Engadget

At the Jeddah E-Prix in Saudi Arabia this weekend, the all-electric series will debut Pit Boost, a mandatory 34-second stop what will add 10 percent additional energy (3.85kWh) via a 30-second charge. After announcing initial plans two years ago , Formula E is finally ready to deploy its fast-charging pit stops in an official race.

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FlapKap provides revenue-based financing to e-commerce brands in MENA, gets $3.6M seed funding

TechCrunch

Recent research suggests that the e-commerce market in Saudi Arabia, UAE and Egypt account for a combined $21.4 There’s also Egyptian government-backed Nclude, renowned MENA early-stage investor A15 and Outliers. billion and is projected to grow by more than 50% to $33.3 billion in the next three years.

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Bosta raises $6.7M to expand e-commerce delivery business across Africa and MENA

TechCrunch

Egypt, one of the most active e-commerce countries in the region, is anticipated to grow 33% annually to reach $3 billion by 2022. In 2016, Egypt experienced an economic downturn coupled with the Egyptian pound devaluation and government restriction on imports. Per a recent report by Bain & Co.,

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Meituan to bring delivery service KeeTa to Riyadh following its CEO’s take over of overseas business

TechNode

Chinas food delivery giant Meituan is hiring Arabic- and English-proficient talent for its likely entry into Riyadh, the capital of Saudi Arabia, as the company puts expansion beyond China on its agenda as domestic consumption falls.

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How to make work fair with practical and data-driven strategies

Fast Company Tech

Iris Bohnet is a professor of business and government at Harvard Kennedy School and co-director of the Women and Public Policy Program. In Saudi Arabia, married men similarly underestimated the share of other husbands who support their wives working outside the home. Whats the big idea? Drivers do the same.

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Muslims come into the frame in Southeast Asia’s fintech boom

TechCrunch

Islamic fintech startups in Malaysia and Indonesia have the support of government policies. And in Malaysia, Bank Negara’s Investments Accounts Platform is the first Islamic P2P initiative established by a central bank, while the government-owned Malaysia Digital Economy Corporation connects investors with halal business owners.

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Elon Musk’s Twitter (now X): Everything you need to know, from layoffs to verification

TechCrunch

The original @Twitter handle is now inactive, and its bio reads, “This account is no longer active. Twitter is purging old accounts and freeing up desired usernames, according to Elon Musk According to recent tweets by owner Elon Musk, Twitter is purging inactive accounts that have had “no activity at all for several years.”

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