CAIRO: Venture capitals focused on the Middle East and North Africa region have successfully refueled their tanks with multiple firms attracting new investments. Female-led Lebanon-based Globivest announced its first closing for an undisclosed sum in its venture capital firm. Reaching two-thirds of its target of $25 million to $30 million, the investment marks a significant milestone … Read more
CAIRO: The fintech sector in Saudi Arabia is increasingly drawing international attention, fueled by the nation’s strategic vision to emerge as a regional leader in this domain. In line with its national ambition, Saudi Arabia aims to become a prominent regional fintech hub, targeting the attraction of 525 financial services companies by the year 2030, as … Read more
Sustainability central to Formula E as world champion maintains dominance on the track RIYADH: The first day of the Diriyah E-Prix saw a win for reigning Formula E world champion Jake Dennis of Andretti Formula E Team, the British driver overcoming the disappointment of ninth place in the season’s opening round in Mexico with a … Read more
JEDDAH: Arbab Al-Heraf, under the leadership of its founder Abdullah Al-Hodaif, has emerged as a significant cultural initiative, contributing to the enhancement of the Saudi artistic scene. The project has played a pivotal role in promoting awareness of Saudi cultural heritage among both local and international audiences. Through diverse cultural evenings, it showcases various aspects … Read more
ISLAMABAD: Iranian drone strikes in southwestern Pakistan sparked an unusual dispute between the neighbors on Wednesday, as Islamabad announced it would recall its ambassador from Tehran and suspend all “high-level” visits between the two countries. The announcement comes a day after Pakistan said Iran had violated its airspace and attacked a border village, killing two … Read more
RIYADH: Collaborative trade initiatives can help accelerate the adoption of clean technologies to effectively fight climate change, experts told a panel at the World Economic Forum in Davos on Wednesday. They viewed trade conflicts over subsidies, investment, and carbon pricing as counterproductive and responsible for hampering global efforts to mitigate the effects of climate change. … Read more
RIYADH: Saudi Arabia’s National Debt Management Center has completed the first offering of international bonds in 2024 at a value of SR45 billion ($12 billion). With a total bid amount reaching SR112.50 billion, representing an oversubscription of 2.5 times, the issuance was divided into three tranches, NDMC said in a statement. The first tranche, a six-year bond, … Read more
AMMAN: Jordan’s foreign minister on Sunday strongly criticized Israel’s ongoing military actions in Gaza, describing them as “barbaric aggression” and warning of a potentially dangerous escalation in the region.Speaking to Jordan News Agency, Ayman Safadi said Israel is killing innocent people, depriving over 2.3 million Palestinians of water, food and medicine, and attempting to displace … Read more
RIYADH: Saudi Arabia’s cruise sector is poised for a significant transformation with the unveiling of a new vessel by AROYA Cruises, reflecting the Kingdom’s commitment to global tourism and maritime competitiveness. Operated by Cruise Saudi, a Public Investment Fund-owned company, the new service features a refurbished 335-meter vessel, catering to passengers’ preferences. With … Read more
MELBOURNE: Australia opener Usman Khawaja has again accused the International Cricket Council (ICC) of double standards after being refused permission to display a dove of peace on his bat during the Boxing Day test. The Pakistan-born Khawaja, who has been keen to show his support for the people of Gaza during the ongoing conflict in … Read more