The MAGNiTT Exit report in 2017 revealed that there was a total of 60 startup exits – the point an investor (usually a venture capitalist) sells their stake in a firm to realise their gains – across the MENA in the years of 2012 to 2017.
Alibaba acquires stake in Turkish e-commerce site
As part of their partnership, the companies will cooperate to help Trendyol, which has over 16 million customers, accelerate its growth
Revealed: The Facebook posts World Cup fans have liked the most this summer
In the MENA region, over 11 million users on Facebook discussed the Egyptian National Team, while more than 10 million discussed the Moroccan team.
Ericsson encourages young girls in MEA region to explore careers in ICT
Ericsson hosted its ninth annual participation in Girls in ICT across market area Middle East and Africa.
Over 80% of UAE centennials are mobile gamers: study
The global gaming market will reach over $115 billion in 2018. At over $50 billion, the mobile gaming industry accounts for nearly half of all the global gaming revenue.
Egypt’s parliament approves cybercrime bill
A plenary session of the Egyptian parliament, chaired by Speaker Ali Abdel Aal, has reportedly approved the cybercrimes law.
Dell EMC pledges to enable Lebanese firms meet the pace of digital change
Dell EMC has recently hosted its Digital Transformation Conference 2018 at the Four Seasons Hotel in Beirut, Lebanon.
FMI: MENA digital transformation to hit 15.1% CAGR
Future Market Insights (FMI) has announced results of research that reveals that the Middle East and North Africa digital transformation …
Historic UAE-Saudi deal bypasses GCC states
A potentially historic UAE-Saudi Arabia economic and military pact, which does not include the countries’ GCC neighbours, has been agreed …
Oman’s Wadi Accelerator Programme to enhance tech startup support
Oman Technology Fund (OTF) has launched the Wadi Accelerator Programme – an innovative three-month startup programme that brings together regional talent and global expertise.
GCC businesses must ‘urgently’ transform for VAT compliance: Oracle
The study, which is based on a poll of 450 senior company executives from across industries, reveals that 73 percent of businesses consider VAT implementation as a key opportunity to initiate wider digital transformation projects within their organisation.
UAE residency visa stickers to be replaced by electronic system
The proposal comes in line with Vision 2021, and is indicative of a general migration to smart digital services that reduce paperwork, time and effort.
Uber’s rival DiDi Chuxing seals partnership with Careem
Didi’s investment in Careem is said to further enhance its reliable transportation offerings across the region. Together, the two parties will share knowledge in intelligent transportation technology, product development, and operations.
The Entertainer debuts ‘ultimate travel companion’ app in Dubai
The announcement comes as the discount publisher expands its services towards the travel market where it aims to be the ‘ultimate travel companion,’ available in over 160 destinations worldwide