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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.
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.
Nigerian mobility tech startup Metro Africa Xpress Inc. ( The UAE-based international venture capital firm, Global Ventures, also took part in the round, as did existing investors Novastar Ventures, and Proparco, the French development finance institution, through their Digital Africa initiative.
As Senior Technical Analyst at GlobalData, Beatriz Vale explains “It will be exciting to follow the evolution of the new AI CoE, in the stimulating environment offered by Hub71, and within the context of the fast-growing market of Abu Dhabi and the UAE, the second largest economy in the Arab world.”
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.
Approximately 80 percent of those customers are located in the US, but Microsoft also identified victims in Canada, Mexico, Belgium, Spain, the UK, Israel, and the UAE. Microsoft and a coalition of tech companies also seized control a domain that played a key role in the SolarWinds breach, ZDNet reported.
Egypt and Dubai-based auto tech startup Odiggo is a platform addressing this problem. Over 50,000 car owners across three markets — Egypt, the UAE and Saudi Arabia — use Odiggo. Odiggo will use part of the funding to continue developing its tech and dashboard software, he said.
Gen Zs in the UAE spend about AED 5B+ every year, and still rely on cash or their parents’ cards despite having options like supplementary cards issued by their parents’ banks. Manara gets $3M to grow tech talent pool in the Middle East and North Africa. Zenda gets $9.4M to streamline school fee payment and management.
And we’re seeing a smaller company try to crack some of the hold that a major tech incumbent enjoys over a huge piece of the digital economy. 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
General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority co-led the round. . The new financing also makes Trendyol Turkey’s first decacorn, and among the highest-valued private tech companies in Europe. The deal marks SoftBank’s first in the country.
Nigeria-based health tech startup Helium Health has acquired Meddy , a Qatar-headquartered and UAE-based doctor booking platform for an undisclosed amount. Meddy currently serves more than 150 private clients within the UAE and Qatar. Nigeria’s Helium Health raises $10M Series A for Africa expansion.
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. This makes adoption hard,” he said. is a mobile first solution that automates HR management. billion by 2028.
Arm For making AI data centers more cost effective and efficient The British semiconductor designer Arm has long provided the tech industry with the architecture used in chips that power small devices such as phones, sensors, and IoT hardware. This takes on new importance as a new era arrives in which edge device chips will run AI models.
In a world where under-watering has far more damaging results than over-watering, a non-tech-enabled farmer may be tempted to keep the soil wetter than it needs to — wasting a tremendous amount of precious water in the process. We are just on the verge after a super successful proof-of-concept, of signing 100% of the dates in UAE.
In 2018, Crop One announced a 130,000-square-foot farming facility set to open in the UAE. .” Vertical farming certainly makes sense for the region, affording growers the ability to produce crops in climate-controlled buildings, with far less water than standard farming. The Bowery Farming TC-1.
Manara gets $3M to grow tech talent pool in the Middle East and North Africa. Gharaibeh founded Mylerz in November 2019 borrowing from his experience at Aramex, a UAE-based multinational logistics and fulfillment company, where he worked for 23 years with his last role being head of Africa.
Qureos , a UAE-based edtech and remote work marketplace that is changing how people upskill and get jobs across the globe, plans to grow the uptake of its platform by 10 times this year in its race to create 100 million jobs over the next few years. Everyone submits their work, gets feedback, a rating and reflection from the mentors.
based VCs Global Founders Capital (GFC) and Goodwater Capital and UAE-based early-stage firm VentureSouq. This investment is coming after the startup’s undisclosed pre-seed round last year. This financing welcomed participation from fintech giant Visa, Y Combinator, U.S.-based
Meanwhile, Amanda explores how everything is “Goncharov” as the meme-makers are going mainstream with a huge assist from AI tech. And we have five more for you: Yeah, but does it use outside-in compression : Deep Render lands $9 million for its AI-powered video compression tech, Kyle reports. Big Tech Inc.
million on average, the largest payout to employees in Israeli high tech at the time, and the exit created a pool of new entrepreneurs and angel investors. And while Israel doesn’t have a Silicon Valley, it named its high-tech cluster “Silicon Wadi” (“wadi” means dry desert river bed in Arabic and colloquial Hebrew).
Tech companies, private and public, have faced a reckoning in the past few months with their valuations taking a beating. This downsizing from the Dubai-based startup adds to the long list of global cross-stage layoffs in what has been a rough month for tech employees. Over 15,000 tech workers have lost their jobs in the U.S.
Being an enthusiast of the food tech space, El Daly began to explore market gaps and saw an opportunity in using technology to help restaurants and food brands make a return on investment while maintaining their quality of service. Kareem El Daly stumbled upon these issues when venturing to start a restaurant with his wife.
It’s an extensive process that has seen some Big Tech companies build dedicated teams to manage different connections, data and cycles with the payments gateways in the markets where they are present. Egypt, the UAE, Nigeria and some parts of Europe — and hire mid-level and senior software engineers. In the U.S.,
One such partner is the newly rebranded UAE-based telecom operator, e&; its VC arm, e& capital , launched a $250 million fund this week. VUZ, which has raised over $30 million since inception, is one of e& capital’s maiden investments in the MENA region.
Vadym Synegin is a Ukrainian impact entrepreneur, philanthropist and investor in fintech and crypto projects with more than 15 years’ experience as an entrepreneur in Europe and the UAE. They have proven their resilience even in wartime conditions, and impressively, 90% of Ukrainian tech startups are still hiring.
This business is not just about technology, but also people and relationships,” said Kadavil, who before founding FreshToHome managed tech support for Support, and India operations for gaming firm Zynga. It’s a very difficult grassroots level change that you have to enact. Second competitive moat is unit economics.
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.
The round, which is a combination of equity and debt financing, lists investors from the Middle East, including DisruptAD and (the VC arm of ADQ, an Abu Dhabi-based sovereign wealth fund), and SHUAA (a major UAE asset management and investment banking firm). SkyCell’s tech, says Ettl, uses far less of it than competitors.
Alami said the funds will be used to invest in the company’s R&D, hire more talent to double the current size of its team within the next 12 months, market its software, and expand across Egypt, Saudi Arabia and the UAE. African tech took center stage in 2021.
Layoffs in the sector began — and they took place in a range of real estate tech companies, big and small. And, real estate tech startup Reali announced last week that it had begun a shutdown and would be laying off most of its workforce on September 9. You can read my story on that here ). Anita Ramaswamy digs in here.
Invygo, a startup operating in UAE and Saudi Arabia, has raised $10 million in its Series A funding as it works to scale its car rental service in the region. Big Tech Inc. Dibbs CEO and co-founder Evan Vandenberg joined Tusk in the conversation. The event is embedded here and is both free and very worth watching.
However, in emerging markets like LATAM, the basic financial infrastructure for B2B payments is either missing or not accessible by businesses of all sizes,” added Almond, noting that the payments tech ecosystem in LATAM is generally 10–15 years behind that in the U.S. Notably, word on the street is that Payday is now eyeing an IPO.
Speaking of BNPL, tech giant Apple is apparently moving forward with its plans to offer its own buy now, pay later service and according to Bloomberg , “laying out rules for how it will approve transactions.” Ho is QED’s first employee in Singapore. For those of you in the U.S.,
Finally, i f you, like me, are curious about how micromobility platforms are unlocking profits, and what tech is enabling this, you’re going to want to pay attention to this one. Locomation has signed an eight-year agreement with Christenson Transportation to boost the company’s fleet capacity with autonomous vehicle tech. million.
Indian fitness platform Ultrahuman is expanding its wearable portfolio by launching a smart ring to boost its ability to provide tech loving ‘biohackers’ — and, it hopes, health-concerned Boomers — with more insightful metabolic insights.
JETOUR, a subsidiary of Chery, Chinas top car exporter, is a great example of how Chinese automakers are expanding their overseas presence with affordable, luxury-styled, tech-packed vehicles. Li added a 1-million-vehicle sales target has been set for 2026, double its record-breaking sales in 2024 to date.
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.
Zenda is digitizing school pay in Africa : As someone preparing to send my oldest to college in two short years, I was intrigued by Annie ’s coverage of how UAE-based Zenda is helping parents on the other side of the world, with its sights now set on Africa, pay school fees online rather than having to provide bank deposit slips as proof of payment.
After reaching the countrys nine largest cities and nearly half its population, Keeta is now considering entry into Kuwait and the UAE. The Middle East, particularly Saudi Arabia, has emerged as a strategic market due to its young, tech-savvy population and strong consumer spending power.
Joby is expected to start carrying passengers in the UAE as early as this year. While waiting for the green light to start operating in full in the United States and the U.K.,
. “We really have here rule of the bureaucracy as opposed to rule of the people democracy,” Musk said, wearing a black T-shirt that read: “Tech Support.” ” He also joked that he was the “White House’s tech support,” borrowing from his profile on the social platform X, which he owns.
Trump has a particularly close relationship with the UAE, which reached a diplomatic recognition deal with Israel under his administration in 2020. Jon Gambrell, Associated Press
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