UAE telecoms operator e& has signed a $400 million deal to acquire a majority stake in Careem’s Super App spinout from Uber, it said on Monday.Careem’s ride hailing business will remain fully owned by …
Explainer: e& buys majority stake in Careem’s Super App; what we know so far
On Monday, the UAE-based e& acquired a majority stake in Careem’s Super App. Here is all we know so far about this mega deal: e&, previously known as Etisalat Group, is a leading technology and …
e& acquires majority stake in Careem’s Super App for $400 million
UAE-headquartered communication firm e& (formerly Etisalat) has acquired a 50.3 per cent stake in Careem’s Super App …
NBF Announces Partnership With Cleanmax To Finance Its Rooftop Solar Projects In UAE
The National Bank of Fujairah (NBF) announced that it has provided a long-term credit facility to CleanMax for …
Dubai’s DEWA to launch ‘Sat-2’ 6U nanosatellite in April as part of its Space-D programme
DEWA Sat-2 will be launched by SpaceX Falcon 9 rocket from Vandenberg Air Force Base in California, USA . Dubai’s DEWA to launch ‘Sat-2’ 6U nanosatellite in April as part of its Space-D programme .
UAE-based telecom-tech company e& to acquire Careem’s super app
UAE-based multinational telecommunication services provider … e& has experience in scaling complex technology-enabled businesses across a largely shared geographic footprint. The investment also …
The OnePlus Nord CE 3 Lite 5G may be coming to the US after all
OnePlus unveiled the Nord CE 3 Lite 5G earlier this week, but only for Europe, India, UAE, and a handful of markets in the Asia Pacific, leaving out North America in the process. The device has the …
UAE-Based e& Invests US$400 Million To Acquire A Majority Stake In UAE-Born Careem’s Super App Business
With this new investment, Careem plans to accelerate the realization of its ambitious vision to create the first “everything app” serving customers across the Middle East.
UPDATE 1-UAE’s e& takes $400 mln majority stake in ride-hailer Careem’s Super App
Emirates Telecommunications Group Company has agreed to take a 50.3% stake in a super app managed by Careem, Uber Technologies’ Middle East subsidiary, in a transaction valued at $400 million, e& said …
UAE has 557,000 SMEs, targets 1m by 2030
The UAE had 557,000 small and medium enterprises (SMEs) at the end of 2022, according to Abdullah bin Touq Al Marri, Minister of Economy. The figure is in line with the country’s ambitious plan to …
Chinese Solar Maker Says US May Be Too Pricey for Expansion
A top solar material producer is planning its first factory outside China, but may pass on the US because of high costs, according to the company’s chief executive officer. Most Read fromSaudi …
Dubai number plate ‘P 7’ sells for a whopping $15mn
All proceeds from the sale of the number plates and phone numbers will go to the One Billion Meals campaign Dubai number plate ‘P 7’ sells for a whopping $15mn Dubai, One Billion Meals, Ramadan 2023, …
DEWA’s SAT-2 6U nanostatellite to launch in April
The 6U nanosatellite will be launched by a SpaceX Falcon 9 rocket from Vandenberg Air Force Base in California Dubai Electricity and Water Authority (DEWA) has wrapped up preparations to launch its …
VIDEO: Abu Dhabi observatory captures ISS passing over the skies of the UAE
The International Astronomy Centre in Abu Dhabi said, “The Astronomical Seal Observatory of the International Astronomy Center depicts the passage of the International Space Station (ISS) over the sky …
Why Emirates’ Legendary First-class Suites Are Worth the Splurge — From Unlimited Caviar to Onboard Showers
While flying first class is synonymous with luxury, the overall experience varies significantly depending on the airline, aircraft, and flight length, sometimes leaving fliers wondering if that cushy …
Technology Innovation Institute to host 2nd ‘Additive Manufacturing the Future’ seminar in Abu Dhabi
The seminar in its second year is poised to become an annual fixture for Abu Dhabi’s manufacturing sector and will take place on April 27 at the W Hotel, Abu Dhabi.
Xiaomi launches Redmi Note 12 Series
Redmi Note 12 Series offers exclusive and enhanced features to upper-mid-range devices, redefining photography and overall user experience …