Dubai-based Careem aims to have over 100 dark stores across the region by the end of 2022. Careem is expanding the groceries offering on its Super App by launching Quik, a new ultra-fast grocery delivery service that offers customers supermarket competitive prices across a range of everyday grocery items 24/7 in as little as 15 […]
Amazon.com’s Middle Eastern rival Noon.com is set to draw as much as $2 billion in financing from investors including Saudi Arabia’s sovereign wealth fund over three to four years, as it seeks to capture a larger slice of the Gulf eCommerce market. The investments from the Public Investment Fund and others will be used to […]
The UAE-based B2B marketplace Elkaso has successfully raised $2.1 million in its latest funding round. The pre-seed round was led by Global Founders Capital and MSA Capital and recorded participation from key strategic global and regional investors including former and current leaders of Careem, Delivery Hero, Apple, Faith Capital, Talabat, Eyewa, and Instashop. Founded in early 2021 by entrepreneurs Manar Alkassar and Ahmed Soliman, Elkaso provides a […]
Careem announced the appointment of Ghaith Al Johani as the General Manager in Saudi Arabia. Al Johani is one of the Saudi Arabia’s youth leaders, who has contributed to enhancing the presence and growth of many international institutions and brands. Ghaith comes with more than 15 years of experience and has held several leadership positions. […]
No matter the service or the great quality, brands cannot succeed without amazing marketing. It’s an obvious fact but sometimes forgotten. Many brands worldwide do not focus on the value of their martech stack that decides the fate of a brand’s success. Investing in marketing technology can allow them to know their customers and make […]
Riyadh-headquartered B2B asset-light last-mile startup, WeDeliver, has announced the closing of its unprecedented $2.4 million pre-Seed round. This is the largest pre-Seed round for a Saudi-based startup and the third-largest for a startup in the MENA region. The company, founded by three industry entrepreneurs, launched operations in Riyadh in April 2020, just a few weeks […]
Middle East-based ride-sharing technology startup Swvl Inc. is nearing a deal to go public via a merger with a special-purpose acquisition company, according to people familiar with the matter. Dubai-based Swvl plans to merge with Queen’s Gambit Growth Capital in a deal that values the company at roughly $1.5 billion, the people said. Swvl was […]
With a powerful hold on the Chinese market, super apps are gradually finding a place in the global industry amidst hesitancy and optimism. A concept envisioned in 2010, super apps have created a niche market in the Chinese industry. A tremendous success in a country that was known for its copycat technology, the world wonders […]
On 25 May 2018, the European Union passed the General Data Protection Regulation (GDPR). One year on, and privacy laws and data across the globe haven’t been the same. “25 May marks the anniversary of Europe’s new data protection rules, the General Data Protection Regulation, also widely known as the GDPR,” Andrus Ansip, Vice-President for […]
