In UAE, Majid Al Futtaim's Xsight is ready to join battle of super-apps
Majid Al Futtaim’s digital entity Xsight is ready to join battle for super-app supremacy
Source: gulfnews.com
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Saudi Arabia in spotlight as top destination for startup investments
CAIRO: Startups in the Middle East and North Africa region raised $247 million across 67 deals last month with Saudi Arabia scooping up more than half of the total deal value in the region. The Kingdom was the top destination for startup investments with $175 million raised across 20 deals with buy now, pay later fintech Tamara’s $150 million debt round representing 64 percent
Source: arabnews.com
UAE tech giant e& to invest $400m in Careem Super App for majority stake
Uber will still retain full ownership in Careem's ride-hailing business
Source: gulfnews.com
e& invests $400m to buy majority stake in Careem Super App
UAE’s global technology and investment group, e& is investing $400 million to become a majority shareholder in Careem's Super App alongside Uber and all three of Careem's co-founders.
Source: tradearabia.com
Emaar Group acquires 50.03% stake in Careem Super App
ALBAWABA - The UAE's Emaar Group announced that it has acquired a 50.03 percent stake in the Careem Super App through a binding agreement with Uber.
Source: albawaba.com