Friday, April 19

MIDDLE EAST

Read the latest news on startup companies in the Middle East, UAE, entrepreneurs, funding, investments, tech news and successful businessman stories on Pixr8.

Careem Ties up with DCT Abu Dhabi to Create Curated Routes in UAE
MIDDLE EAST, News

Careem Ties up with DCT Abu Dhabi to Create Curated Routes in UAE

Middle East-based cab aggregator Careem has entered into a deal and signed a memorandum of understanding (MoU) with the Department of Culture and Tourism, Abu Dhabi (DCT Abu Dhabi) for the purpose of creating curated routes across the emirate and encourage events in the city. Careem GCC managing director Bassel Al Nahlaoui and DCT Abu Dhabi undersecretary Saif Saeed Ghobash have signed the agreement. They both will also oversee Careem work with DCT Abu Dhabi to improve customer journeys from Abu Dhabi International Airport and enhance water taxi solutions. Also, they would be looking after the transfer of knowledge and map various data points to better understand commuter behvaiour and create solutions to commuter problems. “This agreement between our two organisations is in line with ...
British Restaurant Chain Wagamama to Make its Debut in Abu Dhabi
MIDDLE EAST, News

British Restaurant Chain Wagamama to Make its Debut in Abu Dhabi

A popular British restaurant chain known as Wagamama which has become a global brand is again entering into the Middle East market with another branch. The restaurant chain is making a debut and opening its first restaurant in Abu Dhabi. This new restaurant will be launched at Abu Dhabi Mall on October 31 which will bring the number of locations across the UAE to eight. The retailer said the opening marks a new chapter in the wider expansion plans for the restaurant brand across the UAE and a growing presence in neighboring GCC countries. “The arrival of wagamama at Abu Dhabi mall is an important milestone for the brand as we continue to deliver food that’s good for the soul, in a warm and friendly atmosphere,” said Elias Madbak, director of operations at RMAL Hospitality, franchise pa...
Dubai’s Flydubai Cargo to Start Live Animal Transportation
MIDDLE EAST, News

Dubai’s Flydubai Cargo to Start Live Animal Transportation

Dubai’s Flydubai Cargo has announced that they will now begin with offering live animal transportation across its network. Along with providing return flights for pet and other live animals, the airlines would also be able to offer additional features for customers such as door to door, or airport to airport transportation. Flydubai Cargo is a low-cost carrier which is taking a great step towards economic growth. These transportation services can be utilized for agricultural and zoological purposes. All these transportations will follow the IATA Live Animals Regulations. “Since we began our operations in 2012, we have been focused on offering customers consistent and efficient cargo solutions and we are delighted that we will now be able to offer live animal transportation,” said Moham...
Saudi Arabia Releases $200 billion in SoftBank Solar Project
MIDDLE EAST, News

Saudi Arabia Releases $200 billion in SoftBank Solar Project

Saudi Arabia has put on hold an amount of $200 billion under a plan with SoftBank Group Corp. with the purpose of building the largest solar-power-generation project in the world. As of now, nobody is actively working on the project. However, the Saudi kingdom is working up a broader, much more practical strategy to boost renewable energy. This is expected to be announced in late October. The CEO of SoftBank, Masayoshi Son had also announced his plans to invest in creating the world’s biggest solar power project in Saudi Arabia in March. The project visualized by him was expected to have the capacity to produce up to 200 gigawatts (GW) by 2030. However, reaching out to SoftBank was found unsuccessful as the company did not respond to any of the comments.
Dubai-based Workz Launches e-SIM for new iPhone Users in the UAE
MIDDLE EAST

Dubai-based Workz Launches e-SIM for new iPhone Users in the UAE

Dubai-based Workz Group has announced the launch of a new remote SIM which would provide a solution for mobile network operators. This move is being taken by the company in partnership with Truphone. The solution offers operators in the UAE with the immediate capability to enable the owners of eSIM-enabled devices such as the new iPhone and Apple Watch to connect to their network without the need for a physical SIM card. eSIMs or embedded SIMs are a vital component of the cellular-powered Internet of Things (IoT) networks. These enable the devices to have extraordinary network connectivity without having to purchase a separate SIM card.   Move to the future today with MFF2 eSIMs cloud solutions #OTA #SIM https://t.co/9mMnjy5G9x pic.twitter.com/jAJcvDxvY3 — Workz Group (@Work...
Dubai-based Careem Buys Tech & Talent of Indian Bus-shuttle Platform
ACQUISITION, MIDDLE EAST

Dubai-based Careem Buys Tech & Talent of Indian Bus-shuttle Platform

Dubai-based ride-hailing company Careem has acquired a part of Indian bus-shuttle service platform called Commut. The amount of the deal is yet not disclosed and with this, the company is looking to expand to mass transport across 100 cities. Following the acquisition, Careem will take over Commut's talent and technology. Founded in 2015 by six IIIT-Hyderabad graduates, Commut claims to have served over 70,000 customers and onboarded 400 driver-partners. "We are always looking to invest in new technologies and high-calibre people to help solve complex local problems. And mass transportation is one of the biggest issues facing cities in the Greater Middle East," Careem stated. "Improving the quality and availability of mass transportation will help to create affordable transport option...
Trump Victory, Volkswagen Stop Doing Business in IRAN
MIDDLE EAST

Trump Victory, Volkswagen Stop Doing Business in IRAN

Automobile maker Volkswagen will end almost all business in Iran. As per the report, the company is bowed under US pressure to stop all kind of business activity with IRAN but VW will still be able to do humanitarian business in Iran. The decision was made after several round of talks between the German auto giant and the administration of President Donald Trump, said Richard Grenell, the US Ambassador to Germany. In May, Trump pulled the US out of the deal it reached with Iran and five other countries in 2015. That accord lifted sanctions against Tehran in exchange for restrictions on its nuclear program. Now, the US is reimposing those sanctions. VW has scrapped plans it announced in July last year to sell cars in Iran for the first time in 17 years. займ турбозаймонлайн займ...
FoodTech Firm Faasos to Foray into the Middle East Market
MIDDLE EAST

FoodTech Firm Faasos to Foray into the Middle East Market

The food on demand platform Faasos is reportedly foraying into the international market starting from Dubai. The company has plans of seeking to capture the next leg of growth. Faasos Food Services, which operates the brand Faasos, is gearing up to establish its first batch of multi-brand cloud kitchens in Dubai. By the first quarter of 2019, the company is expecting to have three kitchens operational in the city. These will witness the venture launch its brands Faasos, Behrouz Biryani, Oven Story and Firangi Bake in the Middle East. “We test new brands with limited locations within our existing kitchens. We only scale those brands that we know are being liked by users and where economics are working. The good thing is that our kitchens become profitable in the second month itself and ...
Dubai’s Ride-Hailing Firm Careem to Launch Services in Sudan
MIDDLE EAST

Dubai’s Ride-Hailing Firm Careem to Launch Services in Sudan

Careem, the leading ride-hailing company in the Middle East has announced that it has started a service in Sudan, one of few international companies to enter the country since US economic sanctions were lifted last year. Following this move, Careem has hired 10 Sudanese employees and signed up hundreds of drivers to its app to launch operations in Khartoum, which is the capital of Sudan. The company is planning to have 30 employees in Sudan and have its existence in at least one other city in the northeast African country by the end of the year. "My goal and aim is to cover as many (cities) as possible in the next one or two years," Careem's Managing Director for Emerging Markets Ibrahim Manna stated. It has been stated that Sudan has the potential to be one of biggest markets of C...
UAE is One of the Top Spenders of Beauty & Wellness Products
MIDDLE EAST

UAE is One of the Top Spenders of Beauty & Wellness Products

With the increased demand for beauty and wellness products among the people, UAE is now among the top spenders in cosmetics and personal care products across the globe. People these days are preferring natural skin care treatments, non-invasive beauty procedures and also with the growing influence of beauty and lifestyle bloggers has created a great impact on the growth of UAE's beauty sector. According to the reports, consumers in the UAE spent $247 per capita on cosmetics and personal care, more than any other country in the Middle East, and ninth worldwide; this is forecast to grow to $294 in 2020. It has been stated that the rise in UAE's cosmetics and skincare space is fuelled by the lifestyle that it is associated with. Also, the harsh climate of UAE is another factor that the ...
Saudi’s Public Investment Fund to Invest in Lucid Motors
MIDDLE EAST

Saudi’s Public Investment Fund to Invest in Lucid Motors

Saudi Arabia-based public investment fund is reportedly looking to invest in Lucid Motors, a Newark, CA-based electric car maker which is also a rival of Elon Musk’s Tesla. The amount of the fund is expected to be more than $1 billion and the fund ownership of the company will be transferred as stated by the reports. Under this particular deal, the fund will provide an initial investment of $500 million and then make two subsequent investments if Lucid hits certain production targets. Lucid Motors was established in 2007 by Sam Weng (former Oracle executive) and Bernard Tse (former Tesla vice president). The companies that have backed Lucid include Venrock and Tsing Capital. Unlike Tesla, the company has yet to release any cars on the open markets. However, the previous year Lucid...
Xiaomi Launches its First Official Store in Israel
MIDDLE EAST

Xiaomi Launches its First Official Store in Israel

The ever emerging Chinese smartphone maker Xiaomi announced that it has launched its first official store in Israel. The store was opened in the coastal city of Tel Aviv on Tuesday. The company stated that the newly set up store will be offering more than 100 products, that will comprise of smartphones, laptops, cameras, speakers, routers, headsets, electric scooters, smart kettles, electric toothbrushes, smart robotic vacuum cleaners, smart watches, chargers and selfie sticks among others. Talking about the market share, the company covers about 14 percent market share in Israel which is huge. After Apple and Samsung, the Chinese player stands at the third position in Israel’s smartphone market. At a cost of $ 270,000 (1 million new shekels), the store is situated at the Dizengof...