Detailed stories on technology startups, business and economic current affairs.
In the face of far more competent ride-hailing rivals and with a limited fleet of luxury cars, the startup is unlikely to make a dent in the UAE market.

The region seems to be hyper-focused on boosting investor confidence in different markets; PIF’s new loan.
The artificial intelligence company has signed four deals amid fundraising talks; Aramco buys more of Saudi Arabia’s AI company.
A new partnership between the two investment giants; Dubai Investments Park opens for subscription; and fears of war, once again.
The UAE is looking at its first public listing of the year while Egypt just delivered a big one; OpenAI’s bugging accused has ties to Saudi Arabia; and other updates from the week.
The arrest and charges against an employee of the artificial intelligence company, fewer early-stage VC deals, and other updates.
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
Billionaire Mohamed Alabbar goes for the Indian Ocean archipelago, India’s PhonePe gets UAE approval, and other updates from the week.
August was the best month this year for Dubai hotels, a crisis in the kingdom, and Mubadala gets a piece of Luckin.