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TECHNOLOGY 1 days ago from Wamda

Saudi-based Lucidya raises ~$1.1 million in Series A

Source: Menabytes Jeddah-based Arabic-focused social media monitoring tool Lucidya has raised ~$1.1 million (4 million Saudi Riyal) in Series A fundi

TECHNOLOGY 1 days ago from Wamda

In conversation with Andrew Kabrit of the UAE's Seez

Seez, the UAE-based car aggregator platform is one of the few companies in the Middle East to develop its own artificial intelligence (AI) technology.

TECHNOLOGY 2 days ago from Wamda

Volkswagen Mobility Challenge

Are you a creative young entrepreneur? Do you think you have what it takes to disrupt the Mobility Industry? 'Volkswagen Mobility Challenge', a program targeting young entrepreneurs in the UAE with idea or early stage innovations that would change the face of the mobility industry from parking to delivery.

TECHNOLOGY 3 days ago from Wamda

Turkey's Modanisa sells minority stake to Goldman Sachs

Modest fashion online retailer Modanisa today announced that it has sold a minority stake to Goldman Sachs and Wamda Capital. The Turkey-based company will use the funds to drive its global expansion with plans to open an office in London this year to oversee its North American and European operations.

TECHNOLOGY 3 days ago from Wamda

Iraqis turn to entrepreneurship as corruption hinders economy

Iraq has become more synonymous with war and corruption than entrepreneurship, but things are slowly changing as more people seek opportunities beyond the country’s bloated public sector.

TECHNOLOGY 4 days ago from Wamda

MINT Incubator

MINT Incubator is an EG Bank programme that is managed by Cairo Angels, offering mentorship, workshops, operational perks as well as a community of startups that are willing to support new startups in a variety of ways.

TECHNOLOGY 4 days ago from Wamda

dubizzle stake acquired for $190 million

UAE-based online classifieds website dubizzle has been fully acquired by Naspers, a South Africa-based investor through its subsidiary OLX Group. In its interim shareholder’s report, Naspers stated that it had acquired the remaining 49 per cent stake for $190 million in April 2018.