Nour Al Ali
Stories by Nour Al Ali
Uber, Mastercard deals mark coming of age of Middle East’s tech startups
The Middle East and North Africa region has a seen 30 to 50 percent increase in funding year-on-year in startups since 2015.
Uber said to finalise $3.1b deal to buy Middle East rival Careem
The US ride-hailing giant will pay $1.4 billion in cash and $1.7 billion in convertible notes for Careem.
Yum China soars after report of Hillhouse seeking buyout
Hillhouse Capital Group is in early talks to acquire Yum China Holdings Inc, The Information reported, sending shares in the fast-food operator soarin
Messaging service Telegram on track to boost cryptocurrency sale to $1.7b
Telegram Group Inc., which smashed the world record for selling a new cryptocurrency in February, is on track to raise another $850 million as its ini
Abu Dhabi to combine funds to form SWF worth $250b
Abu Dhabi Investment Council will become part of Mubadala as the oil-rich emirate moves ahead with the consolidation of state-controlled companies.
China’s first bitcoin exchange acquired by Hong Kong investors
BTCC, which was known as BTC China when it was founded in 2011 by American Bobby Lee, was purchased for undisclosed terms.
Telegram app founder says his $5b encrypted messenger is not for sale
Telegram has about 180 million users, including 40 million in Iran, and is adding half a million more each day.
Saudi SWF to invest $1b in Virgin Group’s space ventures
This gives the ventures a welcome jolt of capital as the kingdom seeks to reduce its dependence on oil.
