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FINANCIAL NEWS
UAE receives USD1.7 m from transportation technology investment
15 Sep 2013
(MenaFn) The ground transportation technology, lead by STC Ventures, gained USD1.7 million in the UAE, according to Arabian Business.
STC Ventures, backed by Saudi Telecom Company, owns the majority fund of the investment which is planned to cover and operate across the Middle East.
“We are very excited to have STC Ventures as an investor and partner. This investment will accelerate our regional expansion plans and further strengthen our operating platform that needs to cater to relatively complex logistics of the region,” Co-founder of Careem, Mudassir Sheikha commented.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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