Company Insights Careem Tech Careem News Banking & Finance Gulf’s ‘copycats’ still attractive to Silicon Valley Copycat companies in the Middle East are still an attractive acquisition option for Silicon Valley giants because the risk of trying to establish themselves in the region is too high, according to Thiel Capital managing director Jack Selby. The Middle East has been criticised for mimicking startups from other parts of the world, rather than […] October 24, 2023 Video length: 3:34 VIDEO Tech New sectors to drive e& growth as telecoms becomes ‘saturated’ UAE tech and telecoms company e& – formerly Etisalat – is looking at more acquisitions in the GCC as well as Africa and Eastern Europe. “We are in processes as we speak,” said Salvador Anglada, CEO of e& enterprise, during an exclusive roundtable at Gitex. The telecoms major rebranded from Etisalat last year to become […] October 20, 2023 Gitex Tech Clarification: Careem ‘not exploring’ partnerships with China’s Trip.com Careem has clarified that it is not in official discussions with China’s largest online travel company Trip.com Group to offer its services on its app. Established in Dubai in 2012 offering a ride-hailing service, Careem has grown to what it calls a “Super App”, offering a range of services from local and global companies including […] October 11, 2023 Transport Dubai’s Hala reports 36% rise in trips as user numbers up Hala, Dubai’s e-hailing taxi service on the Careem app, has reported a 36 percent annual growth in trips in the first six months of 2023 and a 21 percent rise in new users year on year. Khaled Nuseibeh, CEO at Hala, said that the performance has been “tremendous” this year so far, with March 2023 […] September 15, 2023 Analysis Transport Careem could yet be hailed a smart buy for Uber The hefty premium Uber paid for Dubai ride-hailing rival Careem will prove worth it in the long run, analysts believe. Uber, which has racked up nearly $33 billion in losses since its inception in 2009, paid $3.1 billion for Careem in January 2020 in what remains the largest deal for a homegrown Gulf tech startup. […] August 16, 2023 Video length: 04:13 Food & Drink Supermarkets embrace UAE’s brand of plant-based meat Switch Foods, the plant-based meat brand based in Abu Dhabi, is now available at 133 stores across the UAE as the Gulf’s appetite for alternative diets continues to grow. Consumers can now buy its products from retailers including Carrefour, Organic Food Café, Grandiose, Geant, Union Coop, Sharjah Coop, Al Maya, Abella and Spinneys. Online purchases […] August 8, 2023 Tech e& plans 20% Vodafone stake despite latest profit hit UAE telecom operator e& has proposed to increase its stake in Vodafone, despite blaming its multibillion-dollar investment in its British rival for a drop in half-year net profit. Hatem Dowidar, e&’s CEO, told CNBC Arabia on Wednesday the telco has submitted an offer to increase its stake in Vodafone to 20 percent.“We are hopeful to […] August 2, 2023 Opinion Food & Drink The food delivery race harms riders and businesses The whole affair feeds into the wider issue of rider welfare July 11, 2023 Video length: 03:02 EXCLUSIVE Tech $2bn funding behind Dubai’s digital startup economy Dubai tech startups have raised $2 billion and completed six mega-rounds valued at over $300 million in 2022, according to a report by the Dubai Digital Economy. These included two listings for scaleups (startups that have raised over $1 million in capital) on stock exchanges. The UAE’s national digital economy is predicted to grow to […] June 23, 2023 Business of Sport LIV Golf merger may face challenge from US authorities US competition authorities may intervene to prevent Saudi Arabia’s plans for a merger of two golf bodies and its own LIV Golf, under its own direction, industry experts have warned. Saudi Arabia’s LIV Golf series, backed by millions of dollars from the kingdom’s Public Investment Fund, announced on Tuesday plans to merge with the traditional […] June 9, 2023 Posts navigation Previous 1 2 3 4 … 6 Next
Banking & Finance Gulf’s ‘copycats’ still attractive to Silicon Valley Copycat companies in the Middle East are still an attractive acquisition option for Silicon Valley giants because the risk of trying to establish themselves in the region is too high, according to Thiel Capital managing director Jack Selby. The Middle East has been criticised for mimicking startups from other parts of the world, rather than […] October 24, 2023
Video length: 3:34 VIDEO Tech New sectors to drive e& growth as telecoms becomes ‘saturated’ UAE tech and telecoms company e& – formerly Etisalat – is looking at more acquisitions in the GCC as well as Africa and Eastern Europe. “We are in processes as we speak,” said Salvador Anglada, CEO of e& enterprise, during an exclusive roundtable at Gitex. The telecoms major rebranded from Etisalat last year to become […] October 20, 2023
Gitex Tech Clarification: Careem ‘not exploring’ partnerships with China’s Trip.com Careem has clarified that it is not in official discussions with China’s largest online travel company Trip.com Group to offer its services on its app. Established in Dubai in 2012 offering a ride-hailing service, Careem has grown to what it calls a “Super App”, offering a range of services from local and global companies including […] October 11, 2023
Transport Dubai’s Hala reports 36% rise in trips as user numbers up Hala, Dubai’s e-hailing taxi service on the Careem app, has reported a 36 percent annual growth in trips in the first six months of 2023 and a 21 percent rise in new users year on year. Khaled Nuseibeh, CEO at Hala, said that the performance has been “tremendous” this year so far, with March 2023 […] September 15, 2023
Analysis Transport Careem could yet be hailed a smart buy for Uber The hefty premium Uber paid for Dubai ride-hailing rival Careem will prove worth it in the long run, analysts believe. Uber, which has racked up nearly $33 billion in losses since its inception in 2009, paid $3.1 billion for Careem in January 2020 in what remains the largest deal for a homegrown Gulf tech startup. […] August 16, 2023
Video length: 04:13 Food & Drink Supermarkets embrace UAE’s brand of plant-based meat Switch Foods, the plant-based meat brand based in Abu Dhabi, is now available at 133 stores across the UAE as the Gulf’s appetite for alternative diets continues to grow. Consumers can now buy its products from retailers including Carrefour, Organic Food Café, Grandiose, Geant, Union Coop, Sharjah Coop, Al Maya, Abella and Spinneys. Online purchases […] August 8, 2023
Tech e& plans 20% Vodafone stake despite latest profit hit UAE telecom operator e& has proposed to increase its stake in Vodafone, despite blaming its multibillion-dollar investment in its British rival for a drop in half-year net profit. Hatem Dowidar, e&’s CEO, told CNBC Arabia on Wednesday the telco has submitted an offer to increase its stake in Vodafone to 20 percent.“We are hopeful to […] August 2, 2023
Opinion Food & Drink The food delivery race harms riders and businesses The whole affair feeds into the wider issue of rider welfare July 11, 2023
Video length: 03:02 EXCLUSIVE Tech $2bn funding behind Dubai’s digital startup economy Dubai tech startups have raised $2 billion and completed six mega-rounds valued at over $300 million in 2022, according to a report by the Dubai Digital Economy. These included two listings for scaleups (startups that have raised over $1 million in capital) on stock exchanges. The UAE’s national digital economy is predicted to grow to […] June 23, 2023
Business of Sport LIV Golf merger may face challenge from US authorities US competition authorities may intervene to prevent Saudi Arabia’s plans for a merger of two golf bodies and its own LIV Golf, under its own direction, industry experts have warned. Saudi Arabia’s LIV Golf series, backed by millions of dollars from the kingdom’s Public Investment Fund, announced on Tuesday plans to merge with the traditional […] June 9, 2023
