Arabian Tech Machine

Angel Investor | Entrepreneur | Mgmt Consultant | DTC

#Tech business in the Middle-East

Willing to exchange with #VCs #Startups on the region opportunity

[Disclose.tv @disclosetv]

JUST IN - OpenAI's ChatGPT AI banned in Italy.

[Not Jerome Powell @alifarhat79]

If you invested $10,000 in Lebanon’s currency 3 years ago you would’ve had $460 today

[Arabian Tech Machine @ArabTechMachine]

Meet 100 Arab start-ups selected by the #WEF2019. Not a complete panorama of the best Mideast #Startup.s but still an interesting list.

https://t.co/hdOa4Cym5x

[MAGNiTT @MAGNITT]

It is official! @Uber acquires Middle Eastern Rival @careem for $3.1 Billion. Read the full article HERE: https://t.co/PfRfcHWJ5H

[Arabian Tech Machine @ArabTechMachine]

... Local authorities across the region, where #Uber teams have failed to obtain the same.

These may be the reason both brands will co-exist for now.

[Arabian Tech Machine @ArabTechMachine]

#breaking news

#Uber agrees to buy #Careem for $3.1 billion in biggest ever tech deal in the Middle-East.

But more than that, Uber decides to maintain Careem as an independent brand, with separate operations.

More in the below #thread.

https://t.co/GJQvv9epLW

[Arabian Tech Machine @ArabTechMachine]

... expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region."

Following recent rumors on the deal, many customers complain on #Uber ME service vs Careem. As well, Careem has secured agreements with...

[Arabian Tech Machine @ArabTechMachine]

Major news for tech startups in the Middle-East. #Uber is said to acquire this week #Careem, its UAE-born competitor and market leader, for more than $3bn.

Last major acquisition in the region was done by Amazon, when acquiring e-commerce marketplace Souq for $600m.
#acquisition

[Arabian Tech Machine @ArabTechMachine]

Important transaction in the Middle-East #tech scene. Delivery Hero acquires indian website #Zomato UAE operations for around $175 million.

[Arabian Tech Machine @ArabTechMachine]

#Lyft #Uber

[Arabian Tech Machine @ArabTechMachine]

Uber said to be in advanced talks to buy its UAE-based main Middle-East competitor and market leader Careem, for a valuation of $3 billion.

It would be a new step for the region tech, after Amazon acquired Souq for $600 millipn 2 years ago.

#Careem #Uber https://t.co/zrZQP139qa

[Arabian Tech Machine @ArabTechMachine]

Uber said to be in advanced talks to buy its UAE-based main Middle-East competitor and market leader Careem, for a valuation of $3 billion.

It would be a new step for the region tech, after Amazon acquired Souq for $600 millipn 2 years ago.

#Careem #Uber https://t.co/zrZQP139qa

[Geoff Lewis @GeoffLewisOrg]

1/ Obligatory controversial tweetstorm of the month: People have been too busy dunking on Facebook to notice that China may be quietly taking over US Social media with TikTok

[Turner Novak 🍌🧢 @TurnerNovak]

Just played around on TikTok for awhile. A combined TikTok/Music.ly is going to be insane.

No one has been able to effectively reach both China AND RoW in social at scale. Total reach is going to be huge. Wouldn’t be surprised if Toutiao is valued over $100B in a year or two.

[Arabian Tech Machine @ArabTechMachine]

Best illustration of startups with agile and skilled teams, but no exit plans.

#Agile #startup

[Arabian Tech Machine @ArabTechMachine]

@hunterwalk I think and suggest our lives mean more than our jobs. For that same reason, our jobs will also gain more meaning.

[Arabian Tech Machine @ArabTechMachine]

Interesting idea.
In the Middle-East as well, Uber has been outperformed by #Careem, its UAE-born competitor. Rumor recently talked of a $2bn acquisition discussion by #Uber.

[Sar Haribhakti @sarthakgh]

Starting to think that Uber is playing a master chess game of aggressively growing its businesses in growing markets with the intent of ending up with equity in strongest competitors.

[Arabian Tech Machine @ArabTechMachine]

#Chinese tourists are in top 3 spenders in retail stores. Saw today a Chinese customer using her phone to translate questions to staff and check prices in #CNY.
Yes stores can't all have Mandarin speakers. But why letting customers the responsibility to use tech for translation?