RIYADH: Riyadh’s Merwas, considered the biggest art and entertainment factory globally, is proving to be one of Saudi Arabia’s greatest music industry assets. Nada Al-Tuwaijri, co-founder and CEO of Merwas, told Arab News that the facility, which holds the Guinness World Record for the largest music production studio, “is home to all artists.” She added: … Read more
CAIRO: Startups across the Middle East and North Africa region are increasingly collaborating through strategic partnerships to enhance the entrepreneurial ecosystem. Ventures from various industries are forging alliances, and signing agreements to bolster expansion, penetrate new markets, and enhance customer satisfaction initiatives. At the forefront of these strategic partnerships, the Kingdom’s National Technology Development Program … Read more
CAIRO: Startups across the Middle East and North Africa region are increasingly collaborating through strategic partnerships to enhance the entrepreneurial ecosystem. Ventures from various industries are forging alliances, and signing agreements to bolster expansion, penetrate new markets, and enhance customer satisfaction initiatives. At the forefront of these strategic partnerships, the Kingdom’s National Technology Development Program … Read more
RIYADH: Saudi Arabia’s ambitious National Transformation Program, which sought to develop the necessary infrastructure for the realization of the Kingdom’s Vision 2030 goals, has soared past its initial targets and created tangible growth for the nation’s citizens, residents and investors. Launching the economic diversification plan in 2016, Crown Prince Mohammed Bin Salman vowed to improve the … Read more
RIYADH: Saudi Arabia’s capital market sector is progressing in the right direction, enabling the Kingdom to achieve its goals outlined in Vision 2030, said an expert. In an interview with Arab News on the sidelines of the Capital Market Forum in Riyadh, the European Director of Bloomberg, Constantin Cotzias, said that the Kingdom’s plans to … Read more
RIYADH: Bahrain’s startup ecosystem is poised to strengthen with the launch of a new business support initiative by the country’s labor fund, Tamkeen. Partnering with UK-based Hambro Perks, the Riyada Business Acceleration Program will help entrepreneurs with technology and innovation-backed projects. The scheme will provide extensive guidance, resources, and support to facilitate the accelerated growth of emerging … Read more
CAIRO: The startup scene in the Middle East and North Africa experienced a flurry of activity this week, with various firms securing funding, engaging in cross-border acquisitions, and acquiring strategic licenses. In funding news, Silkhaus, a property tech startup based in the UAE, closed a pre-Series A funding round aimed at fueling its expansion into … Read more
CAIRO: Saudi Arabia’s startup ecosystem ranked first in regional venture funding activities in 2023, amassing an unprecedented $1.38 billion in capital. This achievement positioned the Kingdom at the forefront of venture capital funding in the Middle East and North Africa, surpassing the $1 billion mark for the first time, as reported by MAGNiTT in their … Read more
Riyadh: The second World Defense Show is preparing to begin in February, revealing some of the industry titans and senior government figures who will address the show’s visitors and exhibitors over four days. Under the patronage of King Salman, WDS 2024 will be held between Feb. 4 to Feb. 8 in Riyadh. It will host … Read more
8 people convicted of violating Saudi financial market laws ordered to pay $80 million RIYADH: Eight investors convicted of breaking Saudi Arabia’s Capital Market Law have been fined SR9.6 million ($2.559 million) and ordered to pay back SR292.8 million of illicit gains from their own investment portfolios and three belonging to the young children of … Read more