Uber just banked $3.5 billion from Saudi Arabia's investment fund.
The deal marks the company's biggest cash influx from a single investor.
The money comes from the country's Public Investment Fund. It won't change Uber's valuation, which remains at $62.5 billion. 4k video downloader key. It is the most valuable startup in the world
With the cash, Uber also added a new member to its board: Public Investment Fund managing director Yasir Al Rumayyan.
Ubar (وبار) also spelled Wubar, modern day Shisr (الشصر), is an archaeological site in Dhofar province of Oman, many names have been given to the lost city since its discovery in 1990 CE, Ubar, Wabar, Iram (ارم), and Atlantis of Sands being a few of many. Artifacts indicate the city came into existence before 2800 BCE Legend holds that it was destroyed by God because. Skilltree & PoB 8. Enchantments 10. Berserker Version 11. Leveling Guide 12. My other Builds 13. Hardcore Changes 13. League Specific Items 14. Community Feedback. 3) And V Bar = (-4, -5, -4). Then Find: I: U Bar + V Bar Ii: 5 V Bar Iii: 2 U Bar - 3 V Bar. If A = (-1, 4, 8) And B = (12, 1, 2) Find: I: A Middot B, Ii: B Middot A, Iii: The Angle Theta Between A And B, Iv: The Vector Projection Of B Onto A. If A=(3, 3, -3) And B =-i^+ 3j^+ K^, Then Find C Where C = B Times A And Then Find The Angles.
'We've seen first-hand how this company has improved urban mobility around the world and we're looking forward to being part of that progress,' said Al Rumayyan in a statement sent to CNNMoney. He'll join the likes of Arianna Huffington on the board.
Uber has been operating in Saudi Arabia since 2014.
According to Uber, 80% of its customers in Saudi Arabia are women, since women are not allowed to drive themselves.
In a statement, Uber CEO Travisk Kalanick called the investment a 'vote of confidence' in the company, noting that Uber looks forward to partnering on Saudi Arabia's economic and social reforms.
Saudi Arabia's 2030 vision, delivered by Deputy Crown Prince Mohammed bin Salman, aims to reduce the country's dependence on oil, its unemployment rate and its workforce inequality.
Uber sees itself as helping the country in that quest. The Middle East marks a big growth area for Uber, which announced in November that it was investing $250 million in the Middle East and North Africa. Uber currently operates in nine countries and 15 cities in the region.
Uber said that it now has more than 395,000 riders who actively use its platform in the Middle East, as well as 19,000 drivers.
As Uber expands to new markets, it adapts its product to fit the lifestyles of locals.
Last year, it rolled out a cash payment option in some markets, including Jeddah and Riyadh, Saudi Arabia.
Not to be outdone, Uber's big Chinese rival Didi Chuxing said that its current funding round, which includes a $1 billion investment from Apple, will be bigger than $3.5 billion.
Didi President Jean Liu made the comments Wednesday at the Code Conference in California, but the company hasn't yet put a specific number on the fundraising's total.
-- Brian Stelter and Sophia Yan contributed to this report.
Ubar (وبار) also spelled Wubar, modern day Shisr (الشصر), is an archaeological site in Dhofar province of Oman, many names have been given to the lost city since its discovery in 1990 CE, Ubar, Wabar, Iram (ارم), and Atlantis of Sands being a few of many. Artifacts indicate the city came into existence before 2800 BCE Legend holds that it was destroyed by God because of the debauchery of its residents, but new evidence indicates it was destroyed, perhaps around CE 100 to 200, when a large limestone cavern beneath it collapsed. Located on a slight rise in the barren section what is now southern Oman known as the 'Empty Quarter (الربع الخالي)'. The fortress' large well was the only source of water for several days' journey.
Home >Middle East >Oman >Dhofar > Ubar
Remains of the fortress or an administrative structure, a large portion was destroyed when it collapsed into a sink-hole. It might have functioned as a guard post to administer the access to the water. This structure built by a local sheikh, dates back to about 1600 CE, and was built over the ruins of ancient Ubar and limestone blocks from Ubar were used in its construction. The ancient fortress was ringed by eight walls, each about two feet thick, 10 to 12 feet high and about 60 feet long.
A key to finding this old fortress was visible and reflected infrared images from the Landsat satellite and radar images taken from the space shuttle. These images revealed a regional network of tracks, some used by camels more than two thousand years ago and by 4-wheel-drive vehicles today, that pinpointed the city's location.
Artistic rendering of ancient city of Ubar of Qom-i 'Aad, to whome prophet Hud was sent. Located on an ancient Frankincense trade route in southern Arabia, the ancient lost city has been identified with Iram of Quran based on its archaeological features and description given in Quran, but there is no direct evidence found so far. The researchers have already found evidence that the climate was much different at the time when the city was populated.
Sketch of Iram of PillarsStructure above the sink hole, could have been an administrative, religious or stronghold building guarding the water hole. There were eight pillars or guard towers around the complex, with three being the closest to the large administrative building. The walled complex may have had two gates in the opposing walls.
Modern entrance to the water hole, at the time of 'Aad the possible water level was up to the top of cliff. In building his 'imitation of paradise,' the legendary King Shaddad ibn 'Ad unknowingly constructed it over a large limestone cavern. Ultimately, the weight of the city caused the cavern to collapse in a massive sinkhole, destroying much of the city and causing the rest to be abandoned. The presence of the sinkhole confirms that the city met a cataclysmic end.
Foundation of one of the eight pillars, which were connect by a 30 feet high wall. Excavations at Ubar and surrounding area have helped identify and provide the first accurate information about the trade in frankincense, one of the first agricultural commodities to become an item of commerce. At each corner of the 12 feet high wall stood a tower, roughly 10 feet in diameter and 30 feet tall. The towers were the primary distinguishing feature of Ubar and are the strongest proof that this is in fact Ubar, which is described in the Koran as 'the many-towered city
Modern entrance to the water hole, at the time of 'Aad the possible water level was up to the top of cliff. In building his 'imitation of paradise,' the legendary King Shaddad ibn 'Ad unknowingly constructed it over a large limestone cavern. Ultimately, the weight of the city caused the cavern to collapse in a massive sinkhole, destroying much of the city and causing the rest to be abandoned. The presence of the sinkhole confirms that the city met a cataclysmic end.
Foundation of one of the eight pillars, which were connect by a 30 feet high wall. Excavations at Ubar and surrounding area have helped identify and provide the first accurate information about the trade in frankincense, one of the first agricultural commodities to become an item of commerce. At each corner of the 12 feet high wall stood a tower, roughly 10 feet in diameter and 30 feet tall. The towers were the primary distinguishing feature of Ubar and are the strongest proof that this is in fact Ubar, which is described in the Koran as 'the many-towered city
Built nearly 5,000 years ago, Ubar was a processing and shipping center for frankincense, an aromatic resin grown in the nearby Qara Mountains. Used in cremations and religious ceremonies, as well as in perfumes and medicines, frankincense was as valuable as gold. Nicholas Clapp, the archaeologist who discovered and identified the site, speculates that the destruction of the city happened between 300 to 500 CE as the result of an earthquake which precipitated the collapse of the limestone table; but it was the decline of the incense trade, which led to the decline of the caravan routes through Shisr, that sealed Ubar's fate.
Most Arabs in the past have lived not in traditional dwellings but in tents whose sides can be opened to allow cooling breezes. So the bulk of the 'city' would have left few permanent traces, except for fire pits, which the team found in abundance. But at the center of the tent city was a permanent fortress that served as the home of the king, as a processing and storage facility for the frankincense and as a record-keeping center. In times of trouble, the fortress served as a safe haven whose walls and towers were never breached.
Ubar 3 2 5 0
An arial view of Iram of Pillars, from 'Civilization Lost', History Channel documentary. It was the center of the frankincense trade, the valuable substance used in cremations, in medicine and as a perfume -- was made from the sap of scraggly bushes from the Qara Mountains. It was processed in Ubar before being shipped northward across the desert on trade routes that led to ancient Sumer, as well as Damascus and Jerusalem.
Gallery
See Also
References
Ubar 3 2 5 Hydrocortisone Cream
- 'The Quranic Arabic Corpus - Quran Search'. Retrieved 18 March 2017.
- Sullivant, R. (2003, June 14). Archaeologists Bring High-Tech Space Tools to Earth. Retrieved April 6, 2019, from https://www.nasa.gov/vision/earth/lookingatearth/archeologists.html
- Brill's First Encyclopaedia of Islam 1913-1936. 8. BRILL. 1987. p. 1074. ISBN 90-04-08265-4.
- Ubar. (n.d.). Retrieved April 6, 2019, from https://www.atlasobscura.com/places/ubar Some claim these desert ruins are from the legendary 'Atlantis of the Sands.'
- Interview with Dr J. Zarins, Nova Online, Sept. 1996
- Quran 46:21 (Translated by Shakir). 'And mention the brother of ‘Ad; when he warned his people in the sandy plains [al-ʾAḥq̈āf] ..'
- Glassé, Cyril; Smith, Huston (January 2003). The New Encyclopedia of Islam. Rowman Altamira. p. 26. ISBN 978-0-7591-0190-6.
- E.J. Brill's First Encyclopaedia of Islam 1913-1936. 1. BRILL. 1987. p. 121. ISBN 90-04-08265-4.
- The Qur'an. Center for Muslim–Jewish Engagement, University of Southern California. 2008. Archived from the original on 18 June 2017.
- Lem, P., & Stevens, J. (2017, August 07). Peering through the Sands of Time: Searching for the Origins of Space Archaeology. Retrieved April 6, 2019, from https://earthobservatory.nasa.gov/features/SpaceArchaeology#fingerprints Fingerprints of Ubar
