Saturday, April 13

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.

The Growth of Fintech Startups in MENA
MIDDLE EAST

The Growth of Fintech Startups in MENA

In the Middle East and North Africa (MENA), the home of oil and Arab princes, the fintech sector is penetrating its roots in the country. Over the past decade, fintech startups in MENA region have raised over $100 million total funding, which is expected to get double by the year 2020. The net funding raised by these fintech startups in the year 2017 is $24 million alone, an increase of 13percent on the $18 million in disclosed investments in 2016. Among these it PayTabs raised the highest funding of $20 million last year, a fintech startup that provides business solutions to online businesses across the globe. Adding to the sector, YallaComapare (former Comareit4Me) raised a funding of $3.5 million and $1.46 million investment received by Now Money. Among the latest happenings in the fi...
Indian Companies Invested $3700 Million, Created 3000 Jobs in Abu Dhabi
INDIA, MIDDLE EAST

Indian Companies Invested $3700 Million, Created 3000 Jobs in Abu Dhabi

Indian companies have invested nearly USD 3,700 million creating 3,000 jobs in Abu Dhabi over the past decade. This fact was revealed at the recently held Abu Dhabi Week in India 2018. The Investment Forums showcased investment related opportunities in the capital city of UAE and the growing business opportunities in the region. India currently ranks 5th in terms of FDI into Abu Dhabi. Abu Dhabi is setting a benchmark for economic diversity and sustainable development. It is expanding its non-oil sectors to become high-value added economy that also encourages entrepreneurship. These sectors offer mutual opportunities to Indian businesses in a stable and flexible environment that is very well integrated into the global economy," said H.E. Saif Mohammed Al Hajiri, Chairman of Abu Dhabi De...
World’s First Automatic Transportation Pods Tested In Dubai
MIDDLE EAST

World’s First Automatic Transportation Pods Tested In Dubai

Technology drives Innovation or Innovation drives Technology, in both case there is an invention. An invention to make a better product than before. Speaking about inventions in transport sector, we have come a long way from bicycle, motorcycle, scooter, car, trains, metro that depends on human labor to work. Although, Driver-less carry pods in Dubai is ready to add a new feather in the transport facilities available. The Emirate's Roads and Transport Authority (RTA) has announced to test independent pods in the country, since it is planning for 25% of the public transport journeys to be driverless by 2030. This is being done in collaboration with US technology firm Next Future Transportation. The agreement seems to build in late 2016, when the Dubai ride hailing service Careem annou...
Dubai Based E-commerce Platform ‘Mumzworld’ Raises its Largest Ever Funding
MIDDLE EAST

Dubai Based E-commerce Platform ‘Mumzworld’ Raises its Largest Ever Funding

MENA (Middle East North Africa) based Mumzworld, an e-commerce platform dedicated to mothers, babies and children has recently raised its fifth and largest round of funding. The fresh funding will be utilized to implement its regional growth plans. The funding round was led by Swicorp, an investment banking firm that offers corporate finance advisory services focusing on MENA and Wamda, MENA's leading venture firm investing in startups. Apart from them, the round also saw participation from Tamer Group and FMCG company. Existing investors of Mumzworld include- Wamda, WSB Holding, Precinct Capital, Riverbank Technologies and Saned. The e-commerce startup has also seen some quick funds from prominent Saudi groups operating in adjacent segments. The mother and childcare e-commerce po...
Saudi Arabia Launches Digital Platforms to Give the Entire World a Window to View the Hajj
MIDDLE EAST

Saudi Arabia Launches Digital Platforms to Give the Entire World a Window to View the Hajj

The Ministry of Culture and Information (MOCI) of Saudi Arabia has launched two digital platforms in the lead-up to the Hajj, which will provide information and insights to pilgrims in Makkah, worldwide audiences and local and international media. SaudiWelcomesTheWorld.org conveys a message of compassion and inclusion to the entire world, both near and far. It tells the stories of the millions of pilgrims of every ethnicity, race, colour, and culture, who undertake what is for many the height of their spiritual lives. The platform provides an open window onto their journeys and invites the world to learn and share in the true values of Islam. It complements the media portal http://www.Hajj2017.org which provides information, updates and news about Hajj 2017. Through this portal, jour...
Robocop Joins Dubai Police to Fight Real Life Crime
MIDDLE EAST

Robocop Joins Dubai Police to Fight Real Life Crime

A robotic policeman which can help identify wanted criminals and collect evidence has joined Dubai's police force and will patrol busy areas in the city, as part of a government program aimed at replacing some human crime-fighters with machines. If the "Robocop" experiment is successful, Dubai Police says it wants the unarmed robots to make up 25 percent of its patrolling force by 2030. Clad in the colors of the Dubai Police uniform, the life-size robot, which can shake hands and perform a military salute, is the lighter side of a government plan to use technology to improve services and security ahead of Dubai hosting Expo 2020. "These kind of robots can work 24/7. They won't ask you for leave, sick leave or maternity leave. It can work around the clock," said Brigadier Khalid Na...
Dubai “Worlds First City” Gets Its Own Typographic Font
MIDDLE EAST

Dubai “Worlds First City” Gets Its Own Typographic Font

Dubai has teamed up with Microsoft to become the worlds first city to have a font named after the gleaming metropolis. Crown Prince of Dubai and Chairman of the Executive Council of Dubai Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum yesterday launched the Dubai Font in line with the UAEs vision to become a regional and global leader in innovation. The font, the first typeface developed by Microsoft for a city, comes in both Arabic and Latin script and will be available in 23 languages to 100 million Office 365 users around the world. "The launch of the Dubai Font to the world is a very important step for us as part of our continuous efforts to be ranked first in the digital world," Shaikh Hamdan was quoted as saying by media reports. He also directed government departments ...
Saudi Arabia Blocked Social Networking Giant Facebook’s Messenger Service
MIDDLE EAST

Saudi Arabia Blocked Social Networking Giant Facebook’s Messenger Service

In a bid to protect the revenues of traditional telecom companies, Saudi Arabia has now blocked social networking giant Facebook's Messenger service. Internet calling over WhatsApp and Viber were already blocked in Saudi Arabia but similar apps including Tango and Line are still available in the country. Although the authorities claimed that the service has been blocked since it violated regulations, the independent reports. "The service had been banned because it failed to comply with regulations," an official told local news services. експресс займзайм с автоматическим одобрениемзайм онлайн только по паспорту