RIYADH: As technology transforms the world from physical to digital, the retail industry, digitally known as e-commerce, has been one of the most rapidly changing sectors in the Middle East and North Africa. The e-commerce industry in the MENA region is estimated to be valued at $31 billion in 2021 and will reach over $50 billion by 2025. In this edition, Arab News has
Just five years after joining the AUC Venture Lab as a budding startup, Swvl has made its debut on the Nasdaq –– the first Egyptian unicorn, first V-Lab graduate and first North African tech startup to list on the U.S. stock exchange.
Mass transit and shared mobility provider Swvl went public today in a landmark moment for Egyptian and Middle Eastern tech ecosystems. It’s also a test for the company going public despite a market that’s been unfriendly toward combinations with special purpose acquisition companies, or SPACs, of late. The Egypt-born and Dubai-based company has listed its […]