Middle East

Spanish Food Delivery Startup Glovo Shutters In Four Markets
Spanish Food Delivery Startup Glovo Shutters In Four Markets
January 22, 2020  |  International

Glovo, a Spanish food delivery startup, has exited several Middle Eastern countries in what it has said is a strategic move to help the company...

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Why P2P Could Soon Play A Leading Role In Middle East FinTech
Why P2P Could Soon Play A Leading Role In Middle East FinTech
December 11, 2019  |  Alternative Finances

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in...

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Mastercard Collab Enables WEX To Issue V-Cards In UAE
Mastercard Collab Enables WEX To Issue V-Cards In UAE
October 09, 2019  |  Partnerships / Acquisitions

Commercial payments company WEX has announced a collaboration with Mastercard that will allow the firm to issue virtual cards in the Middle East. In a...

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Luckin Coffee Eyes Middle East, India Expansion
Luckin Coffee Eyes Middle East, India Expansion
July 23, 2019  |  Retail

In its first international foray, Luckin Coffee reportedly plans to open coffee shops in India and the Middle East. The Chinese coffee company signed a...

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Amazon Rebrands Souq In Middle East Launch
Amazon Rebrands Souq In Middle East Launch
May 01, 2019  |  eCommerce

Amazon has rebranded Souq.com, which it bought for $580 million in 2017, to Amazon.ae in a Middle East marketplace launch, according to CNBC. Souq.com will...

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Iran Ridesharing Co Snapp Completes 2M Rides A Day
Iran Ridesharing Co Snapp Completes 2M Rides A Day
April 02, 2019  |  Ridesharing

Snapp, the Uber of Iran, has hit a milestone by hitting two million fares a day in the country, according to a report by Bloomberg....

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Mastercard Gears Up For $300M Investment In Network International
Mastercard Gears Up For $300M Investment In Network International
March 26, 2019  |  Mastercard

Mastercard, the payments company, is taking a big stake in Network International, the payments company servicing the Middle East. According to a report in  The...

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Uber Reportedly Close To Buying Competitor Careem
Uber Reportedly Close To Buying Competitor Careem
February 28, 2019  |  Partnerships / Acquisitions

Ride-hailing and food delivery app Uber is reportedly in “advanced” talks to buy Careem, a Dubai-based rival, according to reports. The deal would help to...

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Ripple Expands Into Middle East, Canada
Ripple Expands Into Middle East, Canada
February 25, 2019  |  B2B Payments

Mercury FX, the international currency exchange provider, is reportedly relying on Ripple’s XRP xRapid to open up ten new payment corridors by the middle point of...

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