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UAE-based Zest Equity, a startup digitizing private market dealings, has raised $3.8 million seed funding to build more tools for enabling fast and transparent transactions by ecosystem players while increasing their liquidity through secondary deals.
In today’s digital era, the UAE Pass has become more than just a convenience — it is a necessity for anyone living or doing business in… Continue reading on Medium
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.
Omar Sultan Al Olama, UAE Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, at the World Governments Summit in Dubai. The news comes on the heels of Tuesdays public conversation between Baidu chief executive Robin Li and H.E.
TSMC and Samsung are considering building large-scale wafer fabs in the United Arab Emirates (UAE) over the next few years, a move that could boost AI investment and development in the Middle East, according to The Wall Street Journal. The proposed factories in the UAE could have a combined cost exceeding $100 billion, the report added. [
Gratuity, or end-of-service benefits, is a payment UAE employees receive after at least one year of service, calculated based on basic… Continue reading on Medium
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 ]
The mission to Mars, one of three scheduled this month, is leveraging a period when Earth and Mars are relatively close to each other. Hope will spend the next seven months traveling to our nearby neighbor and if all goes according to plan, it should get there by February 2021.
A redditor posted what’s claimed to be an image of MSI’s card, which appeared in another photograph last week that purportedly shows it in a distribution center. It does seem strange that someone would be selling the RTX 3080 Ti weeks before it launches, especially as there are no public.
Zenda , a UAE-based startup looking to change how parents pay school bills, and the way educational institutions manage fee collection, is eyeing Africa as its next frontier for growth. The UAE itself is a $8+ billion market for private education fees and they are already well poised to capture leadership.”.
The United Arabs Emirates (UAE) and Saudi Arabia became the first member states to adopt the treaty in 2018, and its implementation meant that for the first time businesses in these territories were required to file VAT returns periodically. Wafeq is a ratified provider in Saudi Arabia, and the UAE (e-invoicing is not mandatory there yet).
OpenAI may be getting closer to securing the funds it needs to launch its own semiconductor business, aiming to reduce its dependence on Nvidia for AI processors. According to a report in the Financial Times, the company is in talks with the state-funded Abu Dhabi investment company MGX for backing. Read Entire Article
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.”
The Financial Times reports that Saudi Arabia has bought at least 3,000 Nvidia H100 GPUs, which Nvidia CEO Jensen Huang calls the first chip designed for generative AI. With its 14,592 CUDA cores, 80GB of HBM3 capacity, and 5,120-bit memory bus, it's priced at a massive $40,000. Read Entire Article
Policybazaar has raised $75 million as the Indian online insurance platform looks to expand its presence in UAE and Middle East. The startup, which is working on an initial public offering slated for next year , said it will use the fresh investment to expand its presence across the UAE and Middle East regions.
Though it launched with eyes on the Middle East and Africa, the company has only made efforts in some parts of the former (the UAE and Saudi Arabia) while making significant headway into Central and Eastern Europe, particularly Turkey and Poland. TechCrunch gathered that Opontia has somewhat switched focus on its target market.
In today’s fast-paced world, security has become a top priority for businesses and residential properties alike. With advancements in… Continue reading on Medium
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.
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. In the UAE, it can take nearly six months to set up a business bank account. and the UAE in their local currencies — dollars, pounds and dirhams, respectively.
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.
They argue for more sanctions against Iran, praise certain Gulf states like the United Arab Emirates, and criticize Qatar (currently the subject of a diplomatic and economic embargo from the UAE and other states in the Middle East because of the country’s alleged support for terrorism).
The UAE are in an incredible state of construction: I don't know of many places on earth (other than China) where so much has been built so fast. I spent the day before the council driving around the United Arab Emirates and a bit in Oman.
ANPR (Automatic Number Plate Recognition) and LPR (License Plate Recognition) cameras feature advanced technology that make use of optical… Continue reading on Medium
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. The app brings convenience to parents too as it enables them to send money to their children, and to monitor their spending and saving habits.
Recent research suggests that the e-commerce market in Saudi Arabia, UAE and Egypt account for a combined $21.4 The revenue-based financing company for e-commerce platforms, which claims to be growing 300% quarter over quarter, also mentioned that it has partnered with tens of clients from Egypt and UAE in six months.
My full set of pictures are on Flickr: Dubai, UAE, Oman and Airbus 380 - a set on Flickr Flying down the Persian Gulf, alongside Iran's coast, we arrived in Dubai. I headed to my hotel to get some sleep before touring the Emirates on the day I had before the Council's started meeting.
Masdar, the United Arab Emirates’ clean energy powerhouse, has selected CATL for a contract to supply its battery energy storage systems (BESS) as part of its plan to build the world’s first large-scale, round-the-clock gigascale project, the companies announced Jan. The $6 billion project will include a 5.2-gigawatt
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 So, if you like startups, you might want to put aside your Apple fandom for a minute. million , and Aurora Solar raising $250 million. Strap in!
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.
General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority co-led the round. . Trendyol , an e-commerce platform based in Turkey, has raised $1.5 billion in a massive funding round that values the company at $16.5 The deal marks SoftBank’s first in the country.
Over 50,000 car owners across three markets — Egypt, the UAE and Saudi Arabia — use Odiggo. The company operates a marketplace that connects car owners with service providers who can solve their problems, from servicing and repair to washing and maintenance. The company also works directly with over 300 merchants.
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. The company, backed with just $1.8
We are just on the verge after a super successful proof-of-concept, of signing 100% of the dates in UAE. Our solution enables the UAE to save 70% of its water consumption. . “Our main markets — that is, where most of the sales teams are located — are Australia, Mexico, South Africa and Argentina. That comprises 2.1
At the same time, it has raised $35 million in a Series C funding round led by UAE-based investor Mubadala. Now the Amsterdam HQ-d startup is rebranding as “ Borzo ” to bring its operation in 10 different countries under one. Also participating were VNV Global, RDIF, Flashpoint Venture Capital and others.
Citizen Lab says it has “medium confidence” that one is working on behalf of the UAE government and another for the Saudi government. The attacks reportedly used Pegasus technology provided by the Israeli firm NSO Group, and are thought to be the work of four operators.
Cars24, however, has followed a different playbook, exporting its model to several countries in the last year, starting with the UAE (July 2021), and then Australia and Thailand (both in October). Launching in more developed markets like Australia and UAE has seen Cars24 adjusting its approach based on different market factors, he added.
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.
Its two main markets are Saudi Arabia and the UAE. Hosam, Daniil and the team at tabby have built a strong, customer-first and market-leading BNPL business in Saudi Arabia and the UAE, and we’re excited to join their journey as they continue to build a consumer-focused financial services business across the region.”.
Silkhaus’s engineering team, split across the UAE city and Bangalore, is currently building out its technology stack, the company said in a statement. Sequoia Capital India and Founders Fund back UAE-based proptech startup Huspy in its $37M round.
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