Mubadala participates in giant funding round for Waymo while Flat6Labs enters Jordan with $20mn fund
Here’s a look at today's biggest tech stories in the MENA+:
- Mubadala participates in $2.5bn funding round for Waymo
- E-com platform Luxury Closet raises $14mn in funding
- Commercial Bank of Dubai partners with Network International to offer business loans
- 37% companies in UAE targeted by ransomware in last 2 years
- Number of companies registered in Masdar City grew by 26% in 2020
- Wa'ed launches $27mn roadshow for startups in Saudi Arabia
- Saudi IPO listings accounted for 96% of the MENA market in Q1 2021
- KSA ranks 1st regionally in IPv6 protocol adoption
- Mobily partners with Ericsson to facilitate voice, data services
- 450k people apply for 60k Hajj pilgrimage spots in 24 hours
- Huawei to establish New Campus Club in Cairo
- Egyptian banking consortium to create $64mn fund to support SMEs
- Jordanian fintech startup Liwwa to expand into Egypt
- USA to provide funding for solar projects in Egypt
- Egypt to 2x funding for green projects in FY2021-22
- SECP introduces draft regulations for insur-tech sector
- National Assembly of Pakistan passes law to improve ease of doing business
- <20% universities in Pakistan equipped for digital education
- Savyour partners with Daraz to offer cashback options to customers
- TikTok promotes digital wellbeing in Pakistan
Other MENA+ Developments
- MENA: Majid Al Futtaim partners with RELEX for digital inventory planning
- Oman: Huawei to setup regional ICT training center with Omantel
- Qatar: Offices allowed to resume work with 80% capacity
- Bahrain: Chamber of Commerce releases guidebook for youth entrepreneurs
- Jordan: Flat6Labs launches $20mn fund for Jordanian startups
