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Insights
20-Mar-19 Indonesia-based logistic startup, Kargo Technologies, debuts in Southeast Asia after raising seed funding of USD7.6 mn. Kargo is also backed by Uber founder Travis Kalanick’s 10100 Fund, and co-founder of Northstar Group, Patrick Walujo, an early investor in Go-Jek. [image: KrAsia]
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14-Mar-19 Alipay and Barclaycard - which processes half the UK's card transactions - have collaborated to allow UK retailers to accept Alipay. 483,000 Chinese tourists will spend USD1.33 bn in 2019. The UK also has about 493,000 Chinese residents and students. [image: Alizila]
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11-Mar-19 Artificial Intelligence is set to give the UAE economy a USD182 bn boost by 2035, with healthcare likely to see a gain of USD22 bn. The DoH has launched an 'AI Lab' to serve as a safe platform for co-creation. [image: Arab Health]
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28-Feb-19 5G is expected to reach 30 mn enhanced broadband subscriptions in the Middle East and Africa by 2024, representing 2 percent of total subscriptions. The majority are expected to come from advanced markets like Saudi Arabia, UAE and South Africa. [image: Arabian Business]
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26-Feb-19 Samsung Electronics’ business for the last quarter of 2018 was cause for concern, with operating profits down 30%. Vying to retain its market position, the Korean company has presented its folding mobile smartphone, the Galaxy Fold. [image: Reuters]
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