Careem, the popular ride-hailing app prominent in the Middle East, is hoping to attract as many as 20,000 female drivers by the year 2020. The company already has half a million drivers in 100 cities across the ME, with women drivers in the UAE, Egypt, Pakistan, Jordan, Morocco, Lebanon and Palestine. Despite the fact that… Continue Reading
Category Archives: Investment
Farfetch Signs Deal with Chalhoub to Bring Luxury Fashion to the ME
Luxury fashion outlet Farfetch is taking its business to the Middle East via a deal it signed with the Chalhoub Group, one of the largest distributors of fashion and luxury goods in the region. As a result of the deal, the “unicorn” company will now be present all the world’s most important luxury markets and… Continue Reading
Ali Amer Named New MD for Cisco in MENA
Ali Amer is the new managing director for Global Service Provider and Sales in the Middle East and Africa for technology company Cisco. His job will be to assist telecommunications service providers to change the experience of networks, businesses and customers’ experiences so they can better take advantage of the unique opportunities offered by the… Continue Reading
Facebook Launching Platform to Help Women in the Middle East Build On-line Businesses
Facebook recently launched a new initiative designed to empower women in the Middle East to more easily start and grow their own businesses. SheMeansBusiness will bring together Facebook tools such as training videos and other resources to help women develop online businesses. The initiative is a partnership with three other organizations: Egypt based Ahead of… Continue Reading
Canada Financial Giant’s Investments in the Middle East Expected to Double
The regional head of Canada’s giant financial services group, Canaccord Genuity announced that it will be doubling its investments in its Middle East and India banking businesses over the coming five years. The company was recently involved in sealing the C$Five billion deal between Dubai ports operator DP World and Caisse de Depot et placement… Continue Reading
Yellow Cab Pizza Coming to Middle East Locations
Beginning in January, 2017, Kuwait, Bahrain and Oman will be seeing a new restaurant chain within their borders. Over the next five years approximately 22 Yellow Cab Pizza restaurants will be established after a deal was forged between casual dining chain and owner of the Yellow Cab Pizza brand, Max’s Group Inc., and Silver Group.… Continue Reading
Banking Technology Summit Scheduled for September in Dubai
Some of the Middle East’s most innovative experts on banking will come together on September 5-6 at the Palazzo Versace in Dubai. Hosted by Expotrade, the sixth installment of the Middle East Banking Innovation Summit will focus on the newest banking techniques which will influence the banking sector of the Middle East economy. Regional and… Continue Reading
Mondelez Restructuring Sending Workers to Singapore and Zurich
Due to global restructuring, the giant snack/candy manufacturer Mondelez will be reducing its Dubai presence over the coming months. The goal will be to reduce its international structure down from five world regions to only four. Mondelez is the company behind such popular treats as Oreo biscuits and Cadbury Dairy Milk. The region that will… Continue Reading
Despite Ban, Indonesian Women Heading for Middle East
Indonesian women have not been convinced that working as domestic help in Middle Eastern countries is a bad idea, and are defying their county’s ban on travel to these countries in large numbers. In response to several high-profile cases of Indonesian women subjected to abuse in Gulf states, Indonesia enacted a ban on women traveling… Continue Reading
Climate Change Could Force Millions to Flee Middle East
Researchers of the Max Planck Institute for Chemistry in Germany and the Cyprus Institute in Nicosia have found that limiting global warming to just 2 degrees Celsius will not be sufficient to prevent uninhabitable conditions from developing in the Middle East and North Africa. The 2-degree limit is the compromise target temperature that was reached… Continue Reading