DEWA, 3M to develop disruptive innovations

Dubai Electricity and Water Authority (DEWA) has signed a Memorandum of Understanding (MoU) with 3M, an international company specialised in Research and Development (R&D), to exchange and share knowledge and expertise in anticipating the future and developing disruptive innovation in DEWA’s work.

Careem, Pakistan

Dubai-based Careem mulls $500 million in funding

According to a report by Bloomberg, which cited people familiar with the matter, the Uber rival plans to raise the money as a precursor to a possible initial public offering and the fund-raising round could value Careem at as much as $1.5 billion.

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