Tahawul Tech brings you Transformation Talk, a weekly roundup of the biggest news in the technology industry.
Saudi billionaire joins Daimler AG in $500m Careem funding
Prince Alwaleed bin Talal has teamed up with Daimler AG, the world’s biggest luxury-car maker, as an investor in a $500 million-fundraising bid by Dubai-based ride-hailing company, Careem.
Emaar Malls to acquire majority stake in Namshi for $151M
Global Fashion Group (GFG) and Emaar Malls have formed a strategic partnership to further the growth of Namshi, a Middle …
Noon CTO Omar Kassim resigns
Omar Kassim has stepped down from his role as chief technology officer at Noon.com.
Noon lays off Dubai staff
Noon, the e-commerce venture of Dubai businessman Mohamed Alabbar partly funded by Saudi Arabia’s Public Investment Fund, has reportedly laid off dozens of employees in Dubai amid delays to launching the business.
Transformation Talk | Weekly news round-up 18.5.17
Transformation Talk gives you a weekly roundup of the biggest news in the technology industry.
Alabbar claims noon still on track for 2017 launch
Emaar Properties chairman and founding partner of noon.com Mohamed Alabbar has confirmed that the e-commerce platform will open for …
Alabbar-headed technology fund buys JadoPado
JadoPado, the Dubai-based e-commerce and online marketplace portal, has been acquired by a technology fund headed by Mohamed Alabbar, chairman, …
What drives e-commerce growth
With e-commerce sales across GCC countries expected to reach $41.5 billion by 2020 according to reports, Reseller ME examines the factors for the sector’s growth.
Amazon agrees deal to acquire Souq.com
Amazon has reached an agreement to acquire Souq.com after a series of protracted negotiations. Subject to conditions, the acquisition is …