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.
Emirates flyers can now preview seats in 3D via virtual reality tech
Emirates has introduced 3D seat models on emirates.com, becoming the first airline to introduce web virtual reality (VR) technology on its digital platform.
Analysts: Uber-Careem deal in the interest of the industry
The last two and half years haven’t been easy for Uber Technologies. Post the exit of its former CEO Travis …
Middle East unicorn Careem responds to merger talks
Uber is reportedly in “preliminary talks” with local competitor Careem to strike a deal that would see the two companies merge.
Saudi Arabia’s STC inks deal with global telecom firms
Saudi Telecom Company (STC) has announced that it signed partnership agreements with three international telecom companies, namely Huawei, Ericsson, and Nokia.
Dubai initiates cybersecurity standards for autonomous vehicles
Dubai Electronic Security Centre (DESC) is set to launch the region’s first ‘Cybersecurity Standard’ for autonomous vehicles.
Dubai Land Department activates new smart payment methods
Dubai Land Department (DLD) has announced that its Finance Department recently activated new smart payment services through the ‘Apple Pay’ and ‘Samsung Pay’ applications.
Uber in talks to merge with Dubai-based Careem
Uber Technologies is in preliminary talks with rival Careem to combine their Middle Eastern ride-hailing services, Bloomberg reported, citing three people familiar with the matter.
Abu Dhabi smart solutions authority boost digital strategies
The Smart Solutions & Services Authority (SSSA) and Algorythma have recently signed a Memorandum of Understanding, to collaborate on digital and technology transformation initiatives and strategies.
Abu Dhabi rolls out “smart sports” initiative
The Abu Dhabi City Municipality (ADM) has developed and added designs of smart sports and play devices to all municipal projects relating to parks and recreational facilities for this year.
Western Digital turns up gaming power with NVMe SSD
Western Digital Corporation has unveiled the Western Digital Black 3D NVMe SSD featuring the company’s own SSD architecture and controller.
Dubai RTA sees surge in taxi bookings via smart apps
The Booking and Dispatch Center at RTA’s Public Transport Agency has handled 8,294,714 million bookings placed by taxi riders in Dubai during the first half of this year.
LG bets big on robotics startups
LG Electronics has invested $3 million in US-based Bossa Nova Robotics — marking the first time the company has injected funds into an overseas robot developer.
China-backed fund brings new opportunities to Middle East tech firms
London-based investment firm Centricus has partnered with Chinese firms China Merchants Group and SPF Group to launch a $15 billion fund aimed at technology companies globally.