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.
News, Opinion
Cisco executive outlines Top 5 tips for mitigating the threat of device sharing
Martin Lee, EMEA Lead for Cisco Talos, outlines his 5 top tips to mitigate the ongoing threat of device sharing, … 0 687
Dubai Municipality signs new deal to power transformation initiatives
Dubai Municipality announced a strategic collaboration with Dell EMC to create an integrated and agile technology foundation.
UAE the most competitive nation in the region
The UAE has achieved the top ranking in the region and seventh ranking worldwide for global competitiveness, according to the latest edition of the World Competitiveness Yearbook 2018, published by the Swiss based Insatiate of Management Development (IMD) that was unveiled on Thursday.
RAK accelerates e-commerce drive
Ras al-Khaimah Economic Development Department has launched a range of recent incentives that include the “Virtual Merchant Licence Initiative,” WAM reported.
UAE’s Etisalat teams up with startups to develop future technologies
Etisalat Digital has announced that it has signed strategic partnerships with four scale-ups as part of the ‘Dubai Future Accelerators Program,’ the world’s largest government supported accelerator.
Dubai unveils world’s first virtual charity institution
The Islamic Affairs and Charitable Activities Department, in corporation with Dubai Future Foundation, has developed two artificial intelligence (AI) projects – the‘ Virtual Charity Foundation’ and ‘Virtual Ifta’.
New Dubai app enables users to both earn and save money
tnerit, an online rental marketplace, has launched in Dubai. The app aims to give the residents the opportunity to lend and borrow a variety of items ranging from electronics to equipment to halloween costumes, enabling users to earn and save money.
Dubai opens submissions for $1M knowledge award
The Mohammed bin Rashid Al Maktoum Knowledge Award has announced opening of submissions for the fifth edition of the annual programme nas it seeks to build a robust knowledge economy by stimulating creativity and innovation.
UAE enables “great minds to innovate”, says Sheikh Mohammed
UAE Vice President and Prime Minister, and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has announced a new initiative focused on scientific research and development (R&D) in line with UAE Vision 2021 and Centennial 2071.
Dubai Airports to slash energy costs with new tech
Dubai Airports will use Siemens’ data analytics and smart building technology to guarantee annual energy savings of almost 20 percent per year at Dubai Airports’ facilities, according to WAM.