CAIRO: Wasta, the Middle Eastern tech startup leading the path to purposeful connections, is getting ready to roll out its official launch in Saudi Arabia and the UAE within the next month. “Wasta” in Arabic means influential or powerful social and professional connections to gain a career boost or proficiency. Sometimes perceived as nepotism, the word is ubiquitous within
CAIRO: The shared mobility technology landscape, which includes ride-sharing, car-renting and taxi-ordering models, has been on the rise in the Middle East and North African region ever since global players such as Uber and Lyft rode a wave of success in the business. After producing several unicorns, the shared mobility market in the region is set to expand with a compound
RIYADH: A Saudi-based fintech startup, erad, raised $2.4 million in a pre-seed funding round by UAE-based venture capital firms Nuwa Capital and Venture Souq in addition to Saudi Arabia’s Khwarizmi Ventures. The company offers a data-driven platform that provides non-dilutive growth capital for online businesses in the Middle East. The platform evaluates the marketing, sales,