Saudi startups raised $3.3bn in last 10 years, says report

RIYADH: Startups in Saudi Arabia saw massive growth during the last decade raking in $3.3 billion in venture capital funding, according to a report issued by MAGNiTT. The data platform, in its “10 Years Saudi Arabia Founders Report” sponsored by Saudi Venture Capital Co., provides an in-depth analysis of the backgrounds, experiences, and expertise of founders.  “MAGNiTT initially published a report on … Read more

World food prices up in April for second month: UN agency

PARIS: The UN food agency’s world price index rose for a second consecutive month in April as higher meat prices and small increases in vegetable oils and cereals outweighed declines in sugar and dairy products. The Food and Agriculture Organization’s price index, which tracks the most globally traded food commodities, averaged 119.1 points in April, … Read more

Saudi banks’ funding profile changing on rising mortgage demand: S&P Global

RIYADH: Startups in Saudi Arabia saw massive growth during the last decade raking in $3.3 billion in venture capital funding, according to a report issued by MAGNiTT. The data platform, in its “10 Years Saudi Arabia Founders Report” sponsored by Saudi Venture Capital Co., provides an in-depth analysis of the backgrounds, experiences, and expertise of founders.  “MAGNiTT initially published a report on … Read more

Materials sector dominates TASI trading in first quarter of 2024

RIYADH: Startups in Saudi Arabia saw massive growth during the last decade raking in $3.3 billion in venture capital funding, according to a report issued by MAGNiTT. The data platform, in its “10 Years Saudi Arabia Founders Report” sponsored by Saudi Venture Capital Co., provides an in-depth analysis of the backgrounds, experiences, and expertise of founders.  “MAGNiTT initially published a report on … Read more

Man City’s Foden wins football writers’ award

LONDON: Manchester City’s Phil Foden was Friday named Footballer of the Year by the English Football Writers’ Association, with the club’s Khadija Shaw scooping the women’s award. England attacking midfielder Foden joins a roll call of famous names including Stanley Matthews, Bobby Charlton, George Best and Kenny Dalglish. Foden is the third City player in … Read more

Professional Fighters League’s Ali Taleb looks to bounce back in Riyadh following first career loss

Matt Wallace takes 1-shot lead at Byron Nelson, with defending champ Jason Day 3 back MCKINNEY: Matt Wallace was relegated to watching the Masters amid a self-described “terrible” season when he found himself pondering what makes some of the best golfers in the world so good. Asked if Scottie Scheffler was among the players he … Read more

‘Saudi Smash’ in Jeddah set to boost table tennis

JEDDAH: Table tennis in the Kingdom is set for a boost with the debut of the “Saudi Smash” tournament at Jeddah’s King Abdullah Sports City from May 4 to 11. The event, organized by World Table Tennis, the Ministry of Sport and the Saudi Table Tennis Federation, is the latest example of the Kingdom’s mission … Read more