Brazil scheduled to host FII Priority Summit in June 

RIYADH: The Future Investment Initiative Institute has expanded its reach by unveiling its inaugural Latin American FII Priority Summit scheduled to take place in Brazil. The event under the theme “Invest in Dignity” will take place from June 11 to 13 at the Copacabana Palace in Rio de Janeiro, the Saudi Press Agency reported. The Rio … Read more

Saudi Arabia issues 54 industrial licenses in March 

CAIRO: The startup ecosystem in the Middle East and North Africa region saw a flurry of activity as venture investments and acquisitions bloom.  Saudi Arabia-based Software-as-a-Service provider Merit has raised $12 million in its pre-series B funding round, led by Alistithmar Capital i-Cap and followed by existing series A investors Tech Invest Com and Hambro … Read more

Saudi Arabia to reshape global tourism landscape, says Al-Khateeb 

CAIRO: The startup ecosystem in the Middle East and North Africa region saw a flurry of activity as venture investments and acquisitions bloom.  Saudi Arabia-based Software-as-a-Service provider Merit has raised $12 million in its pre-series B funding round, led by Alistithmar Capital i-Cap and followed by existing series A investors Tech Invest Com and Hambro … Read more

Goldman Sachs to establish regional headquarters in Riyadh: report

CAIRO: The startup ecosystem in the Middle East and North Africa region saw a flurry of activity as venture investments and acquisitions bloom.  Saudi Arabia-based Software-as-a-Service provider Merit has raised $12 million in its pre-series B funding round, led by Alistithmar Capital i-Cap and followed by existing series A investors Tech Invest Com and Hambro … Read more

Oil creeps back up after three days of losses

RIYADH: Saudi Arabia maintained the issuance of over 300 industrial licenses in the first quarter of 2024, consistent with the previous year, official data has revealed. According to a statement released from the Kingdom’s Ministry of Industry and Mineral Resources, as many as 324 industrial permits were issued in the first three months of the year, … Read more

Point-of-sale spending in Saudi Arabia hits record $16bn, SAMA reveals

CAIRO: The startup ecosystem in the Middle East and North Africa region saw a flurry of activity as venture investments and acquisitions bloom.  Saudi Arabia-based Software-as-a-Service provider Merit has raised $12 million in its pre-series B funding round, led by Alistithmar Capital i-Cap and followed by existing series A investors Tech Invest Com and Hambro … Read more

Saudi Arabia spending big for a place on the gaming map

TOKYO: Saudi Arabia is moving aggressively with its investments in more gaming companies, the Canadian industry veteran steering the kingdom’s push to become a global hub for the sector told AFP Friday. The kingdom has already been spending heavily with a $38-billion push into gaming under Crown Prince Mohammed bin Salman’s Vision 2030 program, part … Read more