Ride-hailing app Careem has secured $200 million in fresh funding. The first tranche of its Series F round, which is expected to exceed $500 million, was led by existing investors including Al Tayyar Group, Kingdom Holding, Rakuten and STV. Founded in 2012, Careem claims to have 30 million registered users in over 120 cities in the […]

The Saudi British Bank (SABB) has become the first Saudi bank to join enterprise software firm and global banking consortium R3’s blockchain ecosystem, local news outlet Trade Arabia reports today, September 11. SABB enjoys a strong reputation, having reportedly been named by Global Finance magazine as the “Best Trade Finance Bank” in Saudi Arabia for the 10th consecutive year, “Best Supply Chain […]

The 2018 Africa and Middle East Focus gives travel advisors an update on the latest immersive experiences in Southern and East Africa as well as the trending new hotels in the Middle East. Additionally, readers can access targeted supplier sales information, from safaris to luxury hotels to river cruises. Immersive Experiences East and Southern Africa have long been the ultimate bucket list destinations and […]

BEIJING  – Chinese President Xi Jinping on Tuesday pledged a package of $20 billion in loans, and about $106 million in financial aid, to Middle East nations, as part of what he called an “oil and gas plus” model to revive economic growth in the region. Beijing has ramped up engagement in the Middle East […]