Both the companies have also entered into a partnership to support and accelerate the development of electronic payments in Africa and the Middle East.
Middle Eastern consuming habits are shifting sharply as people adopt new digital technologies. According to a survey conducted by PwC, regional consumers now prefer smartphones over other mobile
Africa’s most valuable public company, Naspers, has announced its intention to list its offshore assets on Euronext Amsterdam, creating a new global entity.
Careem will be a wholly owned subsidiary of Uber but will preserve its brand in the local market.
Levi Strauss, one of America’s oldest companies, has begun its second stint as a public company. Shares soared more than 30% in the first few hours of trading.
The filing shows that San Francisco-based Pinterest had revenue of $755.9 million last year, up from $472.9 million in 2017.
UAE state oil giant, Abu Dhabi National Oil Company (ADNOC), has revealed that it will collaborate with Austrian giants OMV and Borealis to explore new opportunities in the downstream sector.
The companies have appointed a working group consisting of senior executives to review the commercial potential of a merger.