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Moroccan startup ToumAI, founded in 2021, is revolutionizing customer experience by leveraging AI and large language models to address multilingual and cultural challenges. Its HolistiCX suite combines proprietary and open-source models to enhance voice applications and IVR systems, catering specifically to African languages. With recent funding of $1 million, ToumAI aims to expand across Africa and into emerging markets, focusing on delivering tailored solutions for diverse customer bases.
Silkhaus, a Dubai-based short-term rental startup, has secured growth funding to expand into Saudi Arabia, enhancing its booking platform. With strong investor backing, the company aims to dominate the Middle East's rental market, targeting luxury and mid-market travelers in key locations like Riyadh.
Silkhaus, a Dubai-based short-term rental startup, has secured growth funding to expand into Saudi Arabia, enhancing its booking platform amid rising demand for premium accommodations. With strong investor backing, the company aims to dominate the GCC market, targeting luxury and mid-market travelers. Leadership changes include the appointment of Sabine El Najjar as KSA Managing Director, signaling a strategic push into the booming Saudi market.
Entrepreneur Magatte Wade criticized Rep. Jamie Raskin and other Democrats for their attacks on Elon Musk during a congressional hearing, questioning their commitment to serving the American people. Wade emphasized the need for lawmakers to focus on improving the lives of citizens rather than targeting individuals like Musk, highlighting the detrimental effects of overregulation on small businesses. She expressed concern that congressional leaders seem disconnected from their constituents, urging them to prioritize the well-being of the American public.
ULA, an Edtech startup, has raised $28 million in Series B funding to enhance AI-powered digital education in the MENA region, focusing on Saudi Arabia. The investment will support the development of a next-generation learning platform featuring personalized education, AR/VR integration, and advanced data analytics, aiming to bridge educational gaps across the Arab world.
Silkhaus is expanding into Saudi Arabia, aiming to become the leading short-term rental platform in the Middle East, driven by the region's growing demand for quality accommodations amid Vision 2030. The startup has raised significant funding, positioning itself for growth in the competitive rental market. Meanwhile, Moroccan AI company ToumAI has secured $1 million to enhance customer experience solutions, while fintech leader Tabby raised $160 million in Series E funding, preparing for an IPO and expanding its digital financial services across MENA.
UBS has raised BP's stock price target to GBP5.25 from GBP5.00, maintaining a Buy rating, citing expectations of faster deleveraging. BP's stock has surged 25% since November, driven by anticipation of a strategic overhaul at the upcoming Capital Markets Day on February 26. The company plans to invest $20-$25 billion in redeveloping oil and gas fields in Iraq and has initiated gas flow at the Greater Tortue Ahmeyim project, while also announcing job cuts to enhance capital efficiency.
UBS has raised BP's stock price target to GBP5.25 from GBP5.00, maintaining a Buy rating, citing expectations of faster deleveraging. BP's stock has surged 25% since November, driven by anticipation of a strategic overhaul at the upcoming Capital Markets Day on February 26. Despite a shortfall in 2024 EBITDA targets, BP plans a $20-$25 billion investment in Kirkuk, Iraq, and has initiated gas flow at the Greater Tortue Ahmeyim project, expected to produce 2.3 million tonnes of LNG annually. The company is also cutting 7,700 jobs to enhance capital efficiency.
UBS has raised its price target for BP shares from GBP 5.00 to GBP 5.25, maintaining a Buy rating, citing expectations of faster deleveraging. BP's shares have surged 25% since November, driven by anticipation of a strategic realignment announcement on February 26, 2024. Despite a missed EBITDA target for 2024, BP plans significant investments in Iraq's energy sector and has initiated gas flow at the Greater Tortue Ahmeyim project, aiming to produce 2.3 million tons of LNG annually. The company is also restructuring, cutting 7,700 jobs to enhance capital efficiency.
Barclays has upgraded its recommendation on Vicat shares from 'weighted in line' to 'overweight', raising the target price from €41 to €47. The firm highlights a significant valuation differential with competitors, which it believes is unjustified, despite Vicat's cash flow challenges since 2021. Recent investments in Senegal are expected to improve the situation.
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moroccan startup toumai enhances customer experience with ai solutions
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07:00 25.02.2025
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entrepreneur criticizes congress for attacking elon musk and neglecting americans
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ubs raises bp stock target to five twenty five maintains buy rating
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07:22 12.02.2025
ubs raises bp price target amid strategic realignment and operational updates
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barclays upgrades vicat to overweight with increased target price
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