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The Chinese EV maker said it established directly operated service centers in Kazakhstan, Uzbekistan, and the United Arab Emirates (UAE) last year, followed by the opening of its first overseas research and development center in Munich in January, TechNode reported.
As of mid-2024, the company operates nearly 100 bonded, direct-mail, and overseas warehouses globally, covering nearly 1 million square meters across key markets including the US, UK, Germany, France, Vietnam, and the UAE. JD has been ramping up its local presence in Europe.
Chinese tech giant Baidu is considering deploying its autonomous ride-hailing service in the United Arab Emirates and has been in discussions with the local government, people with knowledge of the matter told the Wall Street Journal on Wednesday.
The news comes months after rival BYDs compact crossover Atto 3 arrived in UAE via an alliance with local dealership Al-Futtaim in June. Geely-affiliated Zeekr signed sales agreements with partners in UAE, Saudi Arabia, Qatar and Bahrain last month. TechNode reporting , Caixin, in Chinese ]
That has accelerated card acceptance –– with 90% card acceptance rates in the UAE and Saudi Arabia by some estimates — in the region. It is gearing up to formally launch in the UAE and Saudi Arabia in the coming weeks. and the UAE. Egypt’s Paymob closes $18.5M Series A to expand payments services across MENA.
While we have users from many countries on the site, folks from UAE, Saudi Arabia, Kuwait, the UK, and India are our top five investor bases,” Tabbara said. In the local market, Stake’s closest competitor is SmartCrowd, which raised a $3 million bridge round in June.
The plan for the company is to provide merchants with access to accounts, cards, local payment networks and lending. This suite of services is essential in the primary markets in which Nomod is aiming to build a significant merchant base, like Saudi Arabia, the UAE and Bangladesh.
Invygo, a startup operating in UAE and Saudi Arabia, has raised $10 million in its Series A funding led by MEVP as it works to scale its car rental service in the region. Roughly 200 cars are available for subscription in Saudi Arabia and 100 in UAE on the platform on a typical day. million to date. Growing subscribe-to-own service.
Though bitcoin and ether managed to recoup some of their losses since they set new local minima, the value of popular cryptos is vastly depressed compared to recent highs. More than a few funding rounds are cracking off this morning, including neat rounds from African fintech Mono , India-and-UAE-based Zeta , Emitwise raising $3.2
The exceptional capacity of Langoo in its local business with Riiid Tutor was the main reason for this acquisition,” said co-founder and CEO of Riiid YJ Jang. The company expects to address local remote learning and education in the market. The Japanese remote learning industry was estimated at $2.6 billion in 2020, increasing 22.4%
The round was led by existing investor BECO Capital (UAE) and joined by 4DX Ventures (USA), GSV Ventures (USA), Watar Partners (KSA) and others. Founded in late 2019, the startup has expanded from Jordan into Egypt and Pakistan.
A few years ago, Richard Schrems was working as a human resources consultant in Riyadh, and at one point sought to implement a tech-solution for his clients to help them better their huge teams, but couldn’t find a localized solution. With a similar, but localized approach, we believe that palm.hr Image Credits: Palm.hr
Detroit-based Airspace Link has positioned itself as a provider of increasingly important infrastructure in the burgeoning drone services space, letting operators get local and federal approval quickly. CFO Bill Johnson thinks local governments are looking for a way to turn this from a line item into a revenue generator.
UAE residents also have one of the largest ecological footprints on our planet. Community production: Encouraging entrepreneurs to find community solutions to meet the localized needs. These are just some ways, that come my mind, Picky Polly can assist the different parties mentioned from its measurements of local lifestyle patterns.
based VCs Global Founders Capital (GFC) and Goodwater Capital and UAE-based early-stage firm VentureSouq. It also provides local and dollar cards and a feature where they can receive remittance free of charge from several countries globally, mainly where most of the Sudanese diaspora reside.
Volopay’s platform provides startups and enterprises flexibility by issuing virtual and/or physical prepaid multicurrency corporate cards in their local currency (SGD, AUD, INR, IDR, PHP, etc) with up to 5% cashback on all card transactions. In addition, Volopay will hire aggressively in each of its new markets. .
SWVL is present in 13 markets globally: the UAE, Egypt, Kenya, Germany, Spain, Italy, Switzerland, Turkey, Japan, Argentina, Saudi Arabia, Jordan and Pakistan. – All Final Settlements to be taxed as per local requirement. According to a source, the majority of the layoffs will come from the company’s Dubai and Pakistan offices.
In 2017, iMile was founded by Rita Huang, a former employee of Chinese tech giants Huawei and Alibaba Cloud, in Dubai, UAE. The company targets the Middle East delivery market. In 2021, TikToks parent company ByteDance participated in the companys Series A funding round with an investment of $10 million.
Founded in 2017, Zypp Electric operates as an OEM-agnostic firm, working with local EV manufacturers such as Hero and Kinetic to acquire e-bikes — mostly on lease. The startup is eyeing Southeast Asia, the UAE and Europe as its first potential global markets.
Customers who “start their selling journey” with Zillow can now simultaneously request both a cash offer from Opendoor and an estimate of what their home could sell for on the market with a local Zillow Premier Agent partner. Sellers who opt to sell their home on the market will be paired with a local Zillow Premier Agent partner.
in a bid to localize manufacturing and become less dependent on sources overseas. WeRide said its robobus and robotaxi fleets have accomplished road tests in Heihe, China, and Abu Dhabi, UAE, where temperatures reach as low as -13 degrees and 113 degrees Fahrenheit. . There is particular interest in adding more capacity in the U.S.,
The startup says it will also continue to grow its local presence and team in EMEA. Recently, Deel has been making moves to broaden its products with a public offer to acquire PayGroup, a partnership with the UAE unveiled to help foreign workers secure visas, and launching Global Payroll.
But buying a bunch of prepaid debit cards from the local corner store and then surveying the recipients every week to see if it’s helping isn’t a scalable solution, and the lack of data is a major reason why city governments are reluctant to fund it. Anita Ramaswamy digs in here. Read more from Annie Njanja here.
Customers are impressed, as the gas-powered T2 was temporarily out of stock at some dealers in Middle East countries including the UAE, Saudi Arabia, and Qatar earlier this year, according to Ke. The plug-in hybrid version has two electric motors to handle tough terrain with a maximum torque of 610 Nm and travels 15.8
The UAE took in 46% of the total venture capital received in the Middle East and Africa in 2021, according to the country’s Ministry of Economy. In 2017, the UAE created an artificial intelligence ministry position, which it filled with H.E. TechCrunch: Is the UAE’s venture capital presence fairly new? were invested in the UAE.
The United Arab Emirates (UAE) has banned the flying of consumer drones by hobbyists. The attacks were claimed by the Islamist, Iran-backed Houthi rebel group, which currently controls large portions of nearby Yemen and is fighting a coalition of forces supported by Arab countries including the UAE.
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. Context: Meituan, Chinas leading on-demand service platform, has seen rapid transformation over the past decade.
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