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Thunder Code, co-founded by Jouini and Othmani, aims to revolutionize QA with features like natural language test creation and AI-driven CI/CD pipelines, claiming to cut testing time by 90%. Meanwhile, Tunisian startup Kumulus Water has raised $3.5 million to scale its technology that converts air into drinking water, addressing water scarcity sustainably. EIGHTClouds, a UAE-based investment firm, has successfully raised $20 million to expand in the food and beverage and hospitality sectors, focusing on consumer-centric brands in the GCC region.
Dubai is set for a vibrant summer with a packed events calendar, including the inaugural Great Summer Sale and the beloved Dubai Summer Surprises. The city reported a 7% increase in visitor numbers in early 2025, with over 153,000 hotel rooms available to accommodate tourists. Events like the Dubai Comedy Festival and the Dubai 30x30 initiative highlight the city's commitment to diverse experiences, while the hotel sector anticipates strong occupancy rates, projected to reach around 80% in 2025.
D2C jewellery startup GIVA is set to raise INR 450 crore from Creaegis and other investors. This funding round aims to bolster the company's growth and expand its market presence in the competitive jewellery sector.
Toyota has launched the bZ5 coupe SUV in China, starting at $18,070, as part of its joint venture with FAW. The vehicle features BYD's blade batteries, offers four variants, and boasts a range of up to 630 kilometers with a peak power of 200 kW. This move marks a strategic comeback for joint-venture automakers in the competitive EV market, following Nissan's successful N7 launch.
India is set to play a crucial role in Shein's global expansion as the company shifts its supply chain away from China. This strategic move aims to enhance Shein's market presence and operational efficiency in response to changing global dynamics.
Khari Foods has successfully raised ₹3 crore in a seed funding round aimed at expanding its healthy snacking offerings across India. This investment will support the company's growth strategy and enhance its market presence in the burgeoning health-conscious consumer segment.
UBS has maintained a "Buy" rating for Delivery Hero, setting a target price of 39 euros. Analyst Jo Barnet-Lamb noted that the South Korean food delivery service Baemin lost market share in May, primarily due to competition from Coupang Eats, and anticipates continued losses through the year, albeit at a slower pace. The focus now shifts to stabilizing Baemin's market share in major Korean cities and achieving growth.
Temu and Shein are shifting their focus to the European market in response to changing trade regulations in the United States. This strategic move reflects the companies' adaptation to evolving economic landscapes and their efforts to maintain competitiveness in international markets.
Chinese e-commerce platforms Temu and Shein are shifting focus to Europe and the UK due to declining consumer spending and regulatory challenges in the US. While Temu's US spending fell 36% and Shein's 13% year-over-year, both companies saw significant growth in Europe, with Temu's EU spending up 63% and Shein's by 19%. However, they face a complex regulatory landscape in Europe aimed at addressing sustainability and consumer protection, which may necessitate fundamental changes to their business models.
Meesho has transitioned into a public entity as it prepares for its upcoming IPO. This significant move marks a pivotal moment for the company, positioning it for growth and increased visibility in the market. The shift reflects Meesho's strategic plans to expand its operations and reach.
Retail and Consumer Goods
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
innovative startups secure funding to tackle water scarcity and enhance quality assurance
TUN
FRA
ESP
SAU
ARE
Karim Jouini
Jihed Othmani
Iheb Triki
Mohamed Ali Abid
Ziyad Ahmed
Ben Casnocha
Sri Batchu
Victoria Tihipko
Roxanne Varza
Guillaume Amblard
Show more
00:13 11.06.2025
Dubai prepares for busy summer with packed events and rising visitor numbers
17:22 10.06.2025
Giva plans to secure 450 crore funding from Creaegis and others
16:11 10.06.2025
Toyota unveils bZ5 coupe SUV with BYD batteries starting at 18070 dollars
15:30 10.06.2025
India to support Shein's global growth as China supply chains shift
10:45 10.06.2025
khari foods secures 3 crore funding to enhance healthy snacking in india
10:20 10.06.2025
UBS Maintains Buy Rating on Delivery Hero with Target Price of 39 Euros
10:13 10.06.2025
temu and shein expand into europe amid changing us trade regulations
10:04 10.06.2025
Temu and Shein pivot to Europe amid US trade challenges and regulations
09:50 10.06.2025
Meesho transitions to public entity ahead of initial public offering
09:46 10.06.2025
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