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.
UAE cybersecurity firm to safeguard Expo 2020 digital network
Expo 2020 Dubai is teaming up with UAE-headquartered DarkMatter to deploy advanced cybersecurity technologies that will help safeguard digital experiences at the upcoming mega event.
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.
Global smart city pioneers join Smart Dubai Global Network
Smart Dubai has announced the expansion of the Smart Dubai Global Network, which aims to be the largest international network of Smart Cities.
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.
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.
NEOM CEO named as adviser to Saudi Arabia’s crown prince
Klaus Kleinfeld who was tasked with developing Saudi Arabia’s mega-city project NEOM is reportedly taking on a new role as an adviser to the Kingdom’s Crown Prince Mohammed bin Salman on his reform plans.
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.
Technology, science enable UAE to become a regional logistics hub: minister
UAE’s Advanced Sciences Office has organised an interactive workshop, which explored ways on how the transport and logistics sector can benefit from technological and scientific advances.
Emirates Global Aluminium nurtures future STEM leaders
Emirates Global Aluminium has announced that its hands-on STEM learning programme ‘Engineer the Future’ reached 8,000 high school students during the 2017-2018 academic year.
Facebook data misuse investigation broadens: report
The federal probe into Facebook’s data breach incident with political consultancy Cambridge Analytica has broadened focus on the actions and statements of the tech giant.
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.