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Online Extension of Conference: Global Development Network Meeting in Kuwait

Forum One

I'm in Kuwait for the 10th Annual Conference of the " Global Development Network ", a "global network of research and policy institutes that work on facilitating and applying research to policy development and practice." See how it is unfolding here in Kuwait: GDN 2009 Conference social network.

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Tabby raises $58M at $660M valuation as PayPal Ventures makes first investment in the GCC

TechCrunch

PayPal Ventures, the global corporate venture arm of PayPal, is one of the participating investors (this marks its first investment in the Gulf Cooperation Council (GCC) but second in the MENA region after Egyptian fintech Paymob ). The investors co-led the fintech’s Series B extension round last June. .

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A look at how proptech startup Knotel went from a $1.6B valuation to filing for bankruptcy

TechCrunch

In August, Knotel announced the completion of a $400 million financing, led by Wafra, an investment arm of the Sovereign Wealth Fund of Kuwait. Wafra will help us continue our rapid global expansion and solidify our position as the leader in a fast-growing, trillion-dollar flexible office market.”.

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Faraday Future founder’s bankruptcy spiked a potential deal in the Middle East

The Verge

Saudi Arabia’s Public Investment Fund already owns a majority stake in fellow EV startup Lucid Motors, and the UAE and Kuwait have even bigger sovereign funds. Instead, these loans were largely made up of individual contributions from the members of Faraday Future’s “Global Partners” management team of executives.

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Meituan’s next decade: expands global footprint with focus on retail and AI

TechNode

Meituan, Chinas local services platform, is accelerating its global expansion with a renewed focus on grocery retail, international markets, and artificial intelligence, CEO Wang Xing announced in a recent internal meeting. By scaling Keeta up in the region, Meituan aims to establish a global presence.

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Netflix is building a global audience by empowering Arab creatives

Fast Company Tech

When Netflix reality show Dubai Bling debuted in 2022, it became a global sensation, garnering viewers across 51 countries. The show has been part of a surge in Arabic content on Netflix attracting global viewership. And it’s kept up the momentum: The show’s recently released third season racked up 18.6

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ChatGPT: Everything you need to know about the AI-powered chatbot

TechCrunch

April 28, 2023 ChatGPT parent company OpenAI closes $300M share sale at $27B-29B valuation VC firms including Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global are picking up new shares, according to documents seen by TechCrunch. Europe, South Korea and New Zealand, and soon more will be able to download the app from the app store.

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