"Sunday Morning" begins the New Year with a look ahead for the region, reported by CBS News correspondent Seth Doane in Jerusalem: In the Middle East, division, strife and shifting alliances have emerged – including an unlikely one between Israel and Saudi Arabia against a common perceived enemy: Iran. Proxy wars have also flared. "Unpredictability is the most common denomination in the Middle East," said Alon Pinkas, a former Israeli diplomat. Doane asked, "For people who have a passing knowledge or interest in the Middle East, what should they be looking for in 2019?" Pinkas replied, "Three things, I think: The expansion of ISIS and Hezbollah military activities (ISIS is not dead by any measure); the major question of Iran's compliance with the nuclear deal; and the absence of a viable Israeli-Palestinian peace process." Israeli parliament passes contentious Jewish nation-state bill (CBS News, 07/19/18) Palestinians: White House Mideast peace plan "dead upon arrival" (CBS … [Read more...] about A look ahead: What’s next for the Middle East in 2019?
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FILE PHOTO: An employee shows the logo of ride-hailing company Careem on his mobile in his office in the West Bank city of Ramallah July 17, 2017. REUTERS/Mohamad Torokman/File Photo HONG KONG (Reuters) - Careem, Uber’s main Middle East rival, is looking at raising between $100 million and $200 million from Chinese investors, a source with direct knowledge of the matter told Reuters. Investment bank China International Capital Corporation (CICC) is advising Dubai-based Careem, but it was not immediately clear when or if a deal would be finalised, the source said, adding there was a lack of familiarity and interest among Chinese investors in Middle Eastern start-ups. Beijing-based CICC and Careem both declined to comment. Reuters reported on Monday that CICC and New York-based investment bank Jefferies were both advising Careem on potential investment options and capital raising, including a possible Middle East M&A deal with Uber. Careem, which counts … [Read more...] about Uber’s Middle East rival Careem looks to raise up to $200 million…
Kaspersky Labs has just uncovered a sophisticated malware that appears to have been active for at least six years. The program is particularly insidious since its core is installed on a router rather than a computer. Researchers have named it “Slingshot” after some text that was found in the malware’s code. According to a report put out by Kaspersky, Slingshot is not just a simple bit of malicious programming. In fact, the paper describes it as an “attack platform” able to perform many tasks including data gathering, screenshots, keylogging, clipboard monitoring, network, USB, and password data exfiltration, and more. The program is highly sophisticated and appears to be used for cyberespionage. The researchers say it is similar to Project Sauron and Regin, but more advanced. It has been in operation since at least 2012, mostly in the Middle East and Africa. Researchers have so far found over 100 infected computers. While Slingshot resides on the router, … [Read more...] about Malware ‘Slingshot’ found infecting routers in Middle East and Africa
Uber’s food delivery service Uber Eats is expanding to over 100 cities in Europe, the Middle East, and Africa, TechCrunch reports. Specifically, the service will launch for the first time in Ireland, Egypt, Kenya, Ukraine, Romania, and the Czech Republic, along with previously announced markets around the globe, a spokesperson confirmed. The service will launch in around 40 new cities in the UK and 35 new cities in France. Presently, Uber Eats operates in 200 cities around the globe, including some locations where Uber’s primary ride-hailing service has yet to launch. Over the last year, Uber Eats has been a relative bright spot for the troubled ride-hail company. While Uber’s reputation took it on the chin, Uber Eats has prospered under Jason Droege, who runs Uber Everything, the portion of the business not focused on ride-hailing. The number of trips by Uber Eats drivers grew more than 24 times between March 2016 and March 2017, according to The New York Times. A … [Read more...] about Uber Eats expands to 100 new cities in Europe, Middle East, and Africa
Closing out the heavily 5G-focused 2018 Mobile World Congress, ZTE today announced partnerships with major carriers MTN and Ooredoo to bring 5G wireless technology to Africa and the Middle East. The goal of both deals is to accelerate 5G deployment across large geographic areas with diverse mobile infrastructures. In this case, the companies and represented regions are equally noteworthy. Although China’s ZTE has recently received negative attention in the United States due to national security concerns, it is one of the world’s largest mobile hardware manufacturers and has aggressively pitched customers in Asia and South America with low-cost mobile hardware. At this year’s MWC, ZTE announced a complete end-to-end 5G product line and partnerships with over 20 Asian and European mobile operators. While neither of the carriers is a household name outside of its own service regions, MTN has over 230 million subscribers across the Africa/Middle East … [Read more...] about ZTE partners with MTN and Ooredoo to bring 5G to the Middle East and Africa