My Startup World Staff

Uber to acquire Careem for $3.1 billion

Uber announced it is all set to acquire Careem for $3.1 billion, consisting of $1.7 billion in convertible notes and $1.4 billion in cash. Uber will acquire all of Careem’s mobility, delivery, and payments businesses across the greater Middle East region,

UAE is the world’s top hot-spot for startups

According to latest studies, UAE is the world’s top hot-spot for hundreds of startups followed by New Zealand, Singapore, Norway, Germany, Japan and Sweden. It is observed that startups in the country are mainly involved in e-commerce, marketplaces, and infrastructure/software as a service,

Etisalat announces winners of its inaugural SMB Awards

Etisalat announced the winners of its inaugural ‘SMB Awards 2018’ to recognise and celebrate the outstanding achievements of SMBs and start-ups in the UAE. The inaugural awards were attended by Ali Ibrahim, Deputy Director General, Department of Economic Development, Dubai

Ericsson launches University Competition for IoT and 5G in Egypt

Ericsson, in collaboration with the Ministry of Communications and Information Technology (MCIT) in Egypt, is organizing a competition on the use cases of 5G and IoT in the digital city. The competition aims to to develop 5G, and also develop special applications on the Ericsson accelerator.

Microsoft Arabia employee makes it to Guinness World Record

Microsoft today announced that its employee has made a remarkable achievement by entering into the Guinness World Record. Mansour Al-Mansour, Senior Technical Account Manager at Microsoft Arabia achieved this recognition by championing among more than 3000 participants

New startup hub, Tech Park launched in Abu Dhabi

Masdar City, Abu Dhabi’s flagship sustainable urban community, has launched Tech Park, a new destination for start-ups focused on technology, sustainability and the digital economy. The strategic hub will house companies receiving funding and mentorship through the Catalyst,

Badir-incubated Biotech startups raised $10 million

The Saudi biotech startups incubated by BADIR Biotechnology Incubator, under the Badir Program, set up by King Abdul Aziz City for Science and Technology (KACST), has successfully raised close to SR38 million ($10.133 million) in new funding last year.

Beehive launches a debt-based crowdfunding platform

The Economic Development Board of Bahrain (EDB) and Beehive announced the launch of Beehive, a debt-based crowdfunding platform, in Bahrain which will open up new funding avenues for SMEs and help drive innovation across the Kingdom and region.

Delivery Hero to acquire Zomato’s UAE food delivery business

Leading global online food ordering and delivery marketplaces, Delivery Hero Group entered into an agreement with Zomato to buy its food delivery business in UAE through Delivery Hero’s fully owned subsidiary Talabat Middle East Internet Services Company LLC (“Talabat”).

Customer loyalty in the Digital age

Sanjit Gill, General Manager, Middle East at Collinson, explains the evolving world of customer loyalty in the digital age

30 EdTech startups finalists named for the Next Billion EdTech Prize

30 innovative EdTech startups have been named as finalists of the Next Billion EdTech Prize recognising the most innovative use of technology that has the potential to radically impact education in low income and emerging economies.

Golden Scent receives second round of investments

Golden Scent, the leading Saudi e-commerce beauty platform, announced the closing of a new round of investments from its current funders within a record 12-month period. The company attributes this new  round of funding to a remarkable year of growth that enabled it to established reputation

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