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TOP STORIES
Uber Now Needs To Fix Its Broken Culture To Succeed
From charges of sexual harassment, fraud, senior management exodus, including Travis Kalanick's dramatic stepping down from CEO position, in recent months, Uber has hit the headlines for all wrong reasons. read more..
How GST Will Impact The IT Industry
With the coming of GST, there are numerous complex invoicing and billing coming ahead which can additionally strangle the taxation of IT industry making an intense development. read more..
Indian Firms May Lose Rs 11 Cr To Data Breaches This Year: IBM
The number of breached records per incident for Indian organizations surveyed in this year's report ranged from 4,000 to 98,000 compromised records. read more..
CRM To Get Smarter With Artificial Intelligence
AI-infused CRM will create immense opportunities for the vendors as well as CIO as it will help the latter make smarter decisions. read more..
Employers Signal Strong Hiring Demand for B-School Grads
More startup companies in the technology space plan to hire B-School graduates this year, according to a GMAC study. read more..
CORNER OFFICE
Democratizing Education With Personalized Online Tutoring
Vamsi Krishna, CEO and Co-founder, Vedantu discusses the market for live online tutoring to students and how, in India, the concept is personalizing and democratizing learning with the use of technology. Read More..
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CXOToday - The daily business technology digest

Ferdian Santoso Reply 21.18

TOP STORIES Uber Now Needs To Fix Its Broken Culture To Succeed From charges of sexual harassment, fraud, senior management exodus, includin...

Investasi Emas

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The spotlight of the month is on Saudi Arabia.
The Kingdom is laying the groundwork for becoming a remarkable entrepreneurship hub. During our latest Mix N' Mentor in Riyadh, a determined crowd of young entrepreneurs agreed on three main challenges faced by startups: regulations, infrastructure and funding.

Entrepreneurs have started addressing these challenges (read this), as well as others faced by the wider Saudi population. This startup, for example, wants to digitize governmental entities, while these delivery startups could help you circumvent traffic. More funding is also on the way, with STC recently announcing the establishment of its $500M VC fund, STV.
 
Additionally, most of the support programs targeted at entrepreneurs are run through established corporations, or the government itself, in all four ecosystems that make up the Saudi startup sphere.

This is the region's biggest market - read up on it in our latest WRL report, "The Kingdom of Saudi Arabia: Status of the entrepreneurship ecosystem", launched during the Majlis Al Riyada Suhoor in Riyadh earlier this month.  
 You need to know this
Will automation make us all unemployed? The future of MENA's jobs in light of the fourth industrial revolution [Report]
Egyptian fintech startup digitizes the Gameya, bringing more Egyptians into the digital economy.
The IFC wants to be part of the solution for MENA scaleups: "There is good news from the MENA region in terms of creativity and bright minds making a difference."
 Wamda Capital
Exponential growth wasn't built in a day
During Wamda Capital's annual LP meeting earlier this year, we hosted a panel to discuss what it takes to build the region's largest tech companies, with Souq.com's Ronaldo Mouchawar, Namshi's Faraz Khalid and Careem's Mudassir Sheikha - listen to the podcast for insights on markets, money and more.
Fintech is hot globally...
... and things are getting warmer in the Middle East. In the last 10 years, there's been $100 million raised for fintech startups, while the number of startups offering financial services has doubled in the last three years. The opportunity for fintech in the MENA is right now,  and any later might be too late as international competitors set their sights on the region.
Making the rounds

compareit4me
raises $3.5 million from existing investors Tweet: .@compareit4me raises $3.5 million from existing investors @WamdaCapital @stcventures @dsoftz and Saned Partners https://ctt.ec/ue9Us+


MENA's Mumzworld launches a KSA specific website, offering customers a new user interface, promotions and localized delivery. Tweet: .@Mumzworld launches a KSA specific website, offering a new user interface, promotions and localized delivery. https://ctt.ec/u4slY+


Kharabeesh launches mobile app for users to make and share entertaining content.  Tweet: .@Kharabeesh launches a mobile app for users to make and share entertaining content. http://ow.ly/Ik2V30cfOQP


littleBits just shipped their newest product – the littleBits Code Kit. If you have a kid, this product is for you (and them).  Tweet: .@Kharabeesh launches a mobile app for users to make and share entertaining content. http://ow.ly/Ik2V30cfOQP


Lebanese automotive marketplace Seez received $1.8M in seed funding from B&Y, Phoenician Funds, and Wamda Capital. 
Tweet: Lebanese automotive marketplace Seez received $1.8M in seed funding from B&Y, Phoenician Funds, and Wamda Capital. https://ctt.ec/AQB6p+


Careem expands to Ramallah in hope to support the tech ecosystem in Palestine and alleviate transport issues. The startup has also received a cash injection as Saudi billionaire Prince Alwaleed Bin Talal has joined Daimler AG, DCM Ventures and others in a $500 million Series E fundraising in Careem.    Tweet: Lebanese automotive marketplace Seez received $1.8M in seed funding from B&Y, Phoenician Funds, and Wamda Capital. https://ctt.ec/AQB6p+
 What we're reading
Congratulations grads of 2017, you must be really excited to face the real world and finally start your career. Though, before you jump into joining a 'cool' startup, here are 6 things you should keep in mind.
Lebanon's women in tech are doing better than their counterparts in Silicon Valley, how so?
Sam Altman sits down with Reid Hoffman to talk about the key changes founders should think about as they transition from a startup to a scaleup.
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Coba Demo Akun Rekomendasi Kami, Untuk Menguji Keakuratan Analisanya. Ubahlah PELUANG menjadi UANG

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This is the MENA region's biggest market [Report]

Ferdian Santoso Reply 02.34
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