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Palm.hr raises $5M, embarks on MENA growth

TechCrunch

Following this growth, it is planning on expanding to Egypt and the UAE, while doubling down on Saudi Arabia, against the backdrop of $5 million pre-Series A funding it has raised, in a round led by Europe-based VC Speedinvest, which marked its debut into Saudi Arabia, and RAED Ventures, with participation from MENA focused VC firm Wamda Capital. “We

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Short video platform Kuaishou to bet on the Middle East, North Africa, and Brazil markets: report

TechNode

Chinas second-largest short video platform Kuaishou is planning to open an office in Riyadh, the capital of Saudi Arabia, soon, according to a report by the South China Morning Post quoting Kuaishous chief financial officer Jin Bing.

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NSO’s Pegasus spyware: here’s what we know

The Verge

Amnesty International ran detailed forensics on 67 smartphones to look for evidence that they were targeted by Pegasus spyware — and 37 of those phones tested positive. According to Forbidden Stories , NSO’s contract with Saudi Arabia alone is worth up to $55 million. But many crucial details still aren’t clear.

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Dispute between founders and board leaves Capiter in arrears to employees and creditors

TechCrunch

The reasons were unclear, as both parties didn’t publicly comment on the situation; however, from various local news outlets, they ranged from mismanagement of funds to failure to report to the board and work out a potential merger, as well as internal disagreements over management methods.

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

TechCrunch

These factors are proving fertile ground for establishing and growing fintechs that focus exclusively on Islamic finance, offering products and services that follow shariah law. Shariah law calls for a different approach to financial services, and conventional banks are also launching products for Muslim customers.

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

TechCrunch

The lawsuit alleged that the social network “fuels its business with countless infringing copies of musical ‘compositions, violating Publishers’ and others’ exclusive rights under copyright law.” It added that, unlike its competitors TikTok and Instagram, Twitter hasn’t struck a music licensing deal for the use of copyrighted music.

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Tim Cook’s Apple, ten years later

The Verge

Even in 2019, when Saudi Arabia opened up state-owned oil company Saudi Aramco for trading, it didn’t dominate for long : Apple surpassed it last July on its way to a $2 trillion market cap , and Apple is approaching $2.5 trillion now. It’s the rare tech giant that isn’t using your data as a revenue stream.

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