Middle East

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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Amazon’s Middle East eCom Marketplace To Compete With Souq
Amazon’s Middle East eCom Marketplace To Compete With Souq
January 29, 2019  |  Amazon

Amazon’s next big bid for expansion will be in the Middle East, according to a report from CNBC. The online giant has apparently been contacting...

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In The Middle East, Banks Embrace FinTech
In The Middle East, Banks Embrace FinTech
January 29, 2019  |  B2B Payments

Efforts in the Middle East by banks and other financial institutions to embrace FinTech are on the rise. As reported from Daily News Egypt, a...

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Netflix Gets A Rival In The Middle East
Netflix Gets A Rival In The Middle East
January 08, 2019  |  Subscriptions

Middle Eastern broadcaster MBC is expanding its video streaming service to take on Netflix in the region. According to Financial Times, the Dubai-based MBC is...

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Careem To Launch Food Delivery Service, Complete $500M Funding Round
Careem To Launch Food Delivery Service, Complete $500M Funding Round
December 17, 2018  |  International

Middle East-based ride-hailing company Careem is expanding its business into a delivery service, a tech outlet reported. The company, which is in direct competition with...

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Careem Aims To Raise As Much As $200M From Chinese Investors
Careem Aims To Raise As Much As $200M From Chinese Investors
November 20, 2018  |  Investments

Careem, the leading ride-sharing rival to Uber in the Middle East, is aiming to raise between $100 million and $200 million. According to a report...

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