{
}
Talabat has acquired InstaShop for $32 million, enhancing its grocery and retail division while allowing InstaShop to operate independently. This strategic move aims to improve logistics, customer experience, and market presence in the MENA region's quick-commerce sector. Both companies will leverage their strengths to drive innovation and growth in online grocery delivery.
Qatar will host the inaugural MWC Doha on November 25-26, 2025, marking a significant milestone for digital transformation in the MENA region. This event aligns with Qatar National Vision 2030, focusing on advancing digital innovation, attracting investments, and strengthening the ICT sector through discussions on 5G, AI, fintech, and smart mobility. The five-year agreement with GSMA underscores Qatar's commitment to becoming a global hub for digital innovation and collaboration.
Mrkoon is experiencing rapid growth with a 15% month-over-month revenue increase, attracting further investment from A Ventures, which has doubled its stake due to the startup's 20-fold expansion and strong market potential. As Mrkoon prepares to enter the GCC market, focusing on Saudi Arabia and the UAE, it aims to capitalize on the $150 billion scrap and surplus materials market, enhancing its technology and operations with A Ventures' support. In other developments, Saudi-based Ninja is in talks to secure over $1 billion in funding, aiming for an IPO by 2027, while Foras has acquired a 36% stake in Beban Crowdfunding to boost startup funding in the MENA region.
Qatar has launched the Startup Business Development Grant to enhance research, development, and innovation within early-stage startups and SMEs, aiming to reduce investment risks and expedite commercialization. This initiative aligns with Qatar's Vision 2030, targeting sectors like healthcare, logistics, smart cities, and tourism to position the nation as a global innovation hub. Entrepreneurs can apply through the Innolight platform for eligibility and funding details.
Lebanon's private sector showed steady growth in February, with a PMI of 50.5, supported by increased new business, particularly from abroad. Optimism surged following the election of a pro-reform president, despite ongoing security concerns due to Israel's presence in strategic areas.In the UAE, the non-oil private sector maintained growth with a PMI of 55, reflecting improved business conditions and rising new orders. However, firms expressed caution over intense competition and limited job creation, which could impact future growth.
At MWC Barcelona 2025, Huawei showcased its AI-centric network solutions, emphasizing the synergy between 5G-Advanced and AI to enhance data usage and revenue. Executives highlighted the need for networks to evolve to support innovative applications and new monetization strategies, as early adopters expand 5G-A deployment globally. With the rise of intelligent applications, the demand for guaranteed latency is critical, prompting carriers to explore new business models and partnerships.
Starlink has partnered with Huawei Cloud to enhance cloud services in Qatar, becoming an official distributor. This collaboration aims to support businesses with advanced cloud solutions, competitive pricing, and technical support, aligning with Qatar National Vision 2030 to foster a knowledge-based economy.
Lebanon's private sector showed growth in February, with a PMI of 50.5, supported by increased new business, particularly from abroad. Optimism surged following the election of a pro-reform president, despite ongoing security concerns due to Israel's presence in strategic areas. Meanwhile, the UAE's non-oil sector maintained steady growth, with a PMI of 55, reflecting improved business conditions and rising new orders, although challenges like intense competition and limited job creation persist.
Huawei Technologies Co. Ltd. is set to deepen its presence in Qatar, expanding its focus from telecommunications to the burgeoning artificial intelligence sector. Zhu Shenggao, vice president of AI at Huawei Cloud Middle East and Central Asia, emphasized the company's extensive experience in AI, which positions it to support Qatar's government and businesses effectively.
The QRDI Council has launched the Small Business Innovation Grant (SBIG) to support early-stage SMEs in Qatar by enhancing R&D and innovation. This initiative aims to reduce investment risks, improve product readiness, and drive economic diversification, particularly in key sectors like healthcare and smart cities. By providing targeted funding, the grant seeks to help SMEs scale and commercialize technologies for global markets.
QAT
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Talabat acquires InstaShop for 32 million dollars to enhance grocery delivery
United States Dollar
Delivery Hero SE
ARE
BHR
DEU
LBN
JOR
QAT
IRQ
EGY
OMN
KWT
Abdulaziz Al Loughani
Khaled Al Otaibi
John Tsioris
Mohammed Jaffar
Nikola Cabarkapa
Tomaso Rodriguez
Show more
06:46 07.03.2025
qatar to host inaugural mwc doha in 2025 marking digital innovation milestone
15:17 06.03.2025
qatar launches startup business development grant to boost innovation ecosystem
18:03 05.03.2025
Qatar launches grant to boost innovation and support early-stage startups
United States Dollar
Qatari Riyal
QAT
EGY
SAU
ARE
Ahmed Amir
Sherif Ramadan
Ahmed Mamdouh
Mohamed Shalabi
Show more
17:57 05.03.2025
growth trends in middle east private sectors amid economic challenges
United Arab Emirates Dirham
United States Dollar
Egyptian Pound
Saudi Riyal
Kuwaiti Dinar
Blominvest Bank SAL
ARE
QAT
EGY
KWT
LBN
SAU
David Owen
Mira Said
Show more
13:42 05.03.2025
Huawei showcases AI-driven network solutions to enhance 5G capabilities at MWC 2025
12:50 05.03.2025
Starlink partners with Huawei Cloud to enhance cloud services in Qatar
12:32 05.03.2025
Lebanon's private sector growth supported by new business and optimism
Euro
United States Dollar
Qatari Riyal
Lebanese Pound
Blominvest Bank SAL
ARE
QAT
EGY
KWT
LBN
SAU
David Owen
Mira Said
Show more
12:29 05.03.2025
Huawei expands AI initiatives in Qatar's telecommunications sector
12:03 05.03.2025
Qatar launches innovation grant to support early-stage small businesses
11:20 05.03.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Banking Regulations
Retail and Consumer Goods
Finance Mergers & Acquisitions
Global Financial Events
Industry Mergers & Acquisitions
CEO Changes
Workplace Trends
Central Bank Actions
Global Trade Developments
Market Analysis and Predictions
Financial Scams and Security
Government Policies
GDP Growth & Recession Forecasts
Inflation and Monetary Impact
Supply Chain Management
Government Economic Policies
Startups & Entrepreneurship
Countries:
Companies:
JPMorgan Chase & Co.
The Goldman Sachs Group, Inc.
Tesla, Inc.
Barclays PLC
Apple Inc.
Deutsche Bank Money Market PP
Bank of America Corporation
Credit Suisse Lux Digital Healt
Citigroup Inc.
Wells Fargo & Company
BNP Paribas SA
UBS Group AG
Banco Santander, S.A.
Morgan Stanley
Lloyds Banking Group plc
Commerzbank AG
UniCredit S.p.A.
Huawei Technologies CO. Ltd.
SpaceXCoin USD
Berkshire Hathaway Inc.
Currencies:
United States Dollar
Euro
British Pound Sterling
Chinese Yuan
Swiss Franc
Japanese Yen
Indian Rupee
Australian Dollar
Russian Ruble
Danish Krone
Canadian Dollar
Mexican Peso
United Arab Emirates Dirham
Offshore Chinese Yuan
Hong Kong Dollar
Indonesian Rupiah
Saudi Riyal
South Korean Won
Turkish Lira
Malaysian Ringgit
People: