/main-category/startups en /node/2583855/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nour-el-shaeri-0">Nour El-Shaeri</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sat, 2024-12-21 15:52</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Startups across the Middle East and North Africa region are gaining momentum, with funding rounds and expansions fueling innovation.</p> <p> From artificial intelligence to fintech, health tech to media, these developments highlight the region’s growing ecosystem and investor confidence.</p> <p> Aiming to boost the regional space, Saudi Venture Capital Co. has announced its investment in the $150-million Middle East Venture Fund IV, managed by Middle East Venture Partners. The fund targets technology startups with high growth potential across ¶¶Òõ¶ÌÊÓƵ.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/12/21/4556753-1717485826.jpeg" width="1000" height="748" alt="" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/startups">Startups</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/start-week">Start-up of the Week</a></div></div></div> Sat, 21 Dec 2024 12:56:53 +0000 Arbee 2583855 at /node/2583093/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nour-el-shaeri-0">Nour El-Shaeri</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sat, 2024-12-14 22:30</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ¶¶Òõ¶ÌÊÓƵ’s tech-savvy population is pushing consumer fintech to new heights, with innovations such as buy now, pay later gaining significant traction, according to industry experts. </p> <p> In an interview with Arab News, Arjun Singh, partner and global head of fintech at Arthur D. Little Middle East, described the Kingdom’s consumer finance landscape as undergoing a natural evolution, with an increasing array of financial products tailored to meet the diverse needs of its expanding market. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/12/14/4554833-997252468.jpg" width="1200" height="716" alt="" title="The Saudi buy now, pay later market is expected to grow from $1.4 billion in 2024 to $2.8 billion by 2029. (SPA)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/startups">Startups</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/start-week">Start-up of the Week</a></div><div class="field-item odd"><a href="/tags/savvy">Savvy</a></div></div></div> Sat, 14 Dec 2024 19:43:24 +0000 Sajjadkk 2583093 at /node/2582643/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nirmal-narayanan%C2%A0">Nirmal Narayanan </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Wed, 2024-12-11 12:25</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: The concept of blended financing, where public, private, and corporate funding is provided to startups, is crucial to fostering sustainable entrepreneurship globally, according to an official. </p> <p> During COP16 in Riyadh on Dec. 11, the Digitalization and Entrepreneurship Adviser to Egypt’s Ministry of International Cooperation, Tamer Taha, emphasized that startups should focus on attracting investors who are aware of climate change impacts and the necessity to embrace sustainable practices. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/12/11/4553617-154947739.jpg" width="1044" height="551" alt="" title="Digitalization and Entrepreneurship Adviser to Egypt’s Ministry of International Cooperation Tamer Taha. Screenshot. " /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/startups">Startups</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/COP16">COP16</a></div><div class="field-item odd"><a href="/GreenAndBlue">Green &amp; Blue</a></div></div></div> Wed, 11 Dec 2024 09:52:32 +0000 owen.bennett 2582643 at /node/2582413/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/miguel-hadchity">Miguel Hadchity</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Mon, 2024-12-09 18:51</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Saudi-based educational technology platform AlGooru has successfully raised $4 million in a pre-Series A funding round, combining both debt and equity financing.</p> <p> The round was led by Constructor Capital, with additional support from Hub71, angel investors, and family offices.</p> <p> Founded in 2021 by CEO Khalid Abou Kassem and Omer Awad, AlGooru connects students with on-demand private tutors, offering educational services in 20 core subjects, including mathematics, science, and language development.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/12/09/4553017-2078064361.png" width="900" height="500" alt="Founded in 2021 by CEO Khalid Abou Kassem and Omer Awad, AlGooru connects students with on-demand private tutors, offering educational services in 20 core subjects, including mathematics, science, and language development. Supplied" title="Founded in 2021 by CEO Khalid Abou Kassem and Omer Awad, AlGooru connects students with on-demand private tutors, offering educational services in 20 core subjects, including mathematics, science, and language development. Supplied" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/startups">Startups</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/startups">startups</a></div><div class="field-item odd"><a href="/tags/ai">AI</a></div></div></div> Mon, 09 Dec 2024 15:54:55 +0000 shahrukh.jamshed 2582413 at /node/2582353/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nirmal-narayanan">Nirmal Narayanan</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Mon, 2024-12-09 11:37</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Startups in the Middle East and North Africa region raised $258 million in November, a 92 percent month-on-month increase driven by investment activities in ¶¶Òõ¶ÌÊÓƵ and the UAE, according to a report. </p> <p> The latest analysis from venture news platform Wamda also revealed a 66 percent rise in startup funding compared to the same month in the previous year. </p> <p> This surge in funding reflects the economic diversification efforts in countries such as the UAE and ¶¶Òõ¶ÌÊÓƵ, which aim to reduce their dependence on oil revenues. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/12/09/4552882-1740579894.jpg" width="1000" height="588" alt="" title="The surge in funding reflects the economic diversification efforts in countries such as the UAE and ¶¶Òõ¶ÌÊÓƵ. Shutterstock" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/startups">Startups</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/startups">startups</a></div><div class="field-item odd"><a href="/tags/wamda">Wamda</a></div><div class="field-item even"><a href="/tags/startup-funding">startup funding</a></div><div class="field-item odd"><a href="/tags/mena">MENA</a></div></div></div> Mon, 09 Dec 2024 08:45:33 +0000 owen.bennett 2582353 at /node/2580919/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nour-el-shaeri-0">Nour El-Shaeri</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Wed, 2024-11-27 12:54</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Eyewa, a Riyadh-based eyewear retailer, secured $100 million in a series C funding round led by General Atlantic, with participation from Badwa Capital and Turmeric Capital. </p> <p> The funding will fuel eyewa’s ambitions to expand its regional footprint, enhance its supply chain, and drive innovation in the eyewear sector. </p> <p> The company plans to open at least 100 new stores in 2025, adding to its existing network of over 150 locations across the Gulf Cooperation Council region, including ¶¶Òõ¶ÌÊÓƵ, the UAE, Kuwait, Bahrain, and Oman. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/11/27/4549117-1752429222.jpg" width="8497" height="5668" alt="" title="Anass Boumediene, Mehdi Oudghiri, Abdullah Al-Rugaib, co-founders of eyewa. Supplied" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/startups">Startups</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/eyewa">Eyewa</a></div></div></div> Wed, 27 Nov 2024 10:07:51 +0000 owen.bennett 2580919 at /node/2580440/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nour-el-shaeri-%C2%A0">Nour El-Shaeri  </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sat, 2024-11-23 10:00</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: International venture capital investors have increased their presence in the Middle East and North Africa region despite a challenging global economic climate, according to a new report by MAGNiTT.</p> <p> The study highlights significant growth in global participation, with their share of MENA-based startup investments rising from 28 percent in 2020 to 51 percent in 2024.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/11/23/4547826-727114928.jpeg" width="850" height="566" alt="" title="¶¶Òõ¶ÌÊÓƵ-based EdfaPay has secured $5 million to scale tap-to-pay solution. (Supplied)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/startups">Startups</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/startups">startups</a></div></div></div> Sat, 23 Nov 2024 07:04:34 +0000 Arbee 2580440 at /node/2579518/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nour-el-shaeri-0">Nour El-Shaeri</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sat, 2024-11-16 10:28</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ¶¶Òõ¶ÌÊÓƵ’s real estate tech platform Ejari secured the largest startup investment across the Middle East and North Africa in October as the region faced a funding slowdown.</p> <p> The firm benefited from a $14.65 million seed financing round led by PFG and BECO Capital, underscoring the importance of early-stage investments.</p> <p> This success came against a backdrop of a funding fall for the MENA region, which saw $134 million secured across 56 deals.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/11/16/4545471-542741374.jpeg" width="1000" height="667" alt="" title="Epik Foods, a UAE-based food and beverage group, has raised $15.5 million in private capital funding. (Supplied)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/startups">Startups</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/startups">startups</a></div></div></div> Sat, 16 Nov 2024 07:34:16 +0000 Arbee 2579518 at /node/2578638/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nour-el-shaeri-0">Nour El-Shaeri</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sat, 2024-11-09 11:03</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ¶¶Òõ¶ÌÊÓƵ’s thriving startup ecosystem has created an entrepreneurial bridge with neighboring countries, attracting a growing number of founders to the nation.</p> <p> This trend is particularly pronounced among Egyptian tech entrepreneurs, drawn by market potential, government initiatives, and abundant funding opportunities.</p> <p> The Saudi market, characterized by its large size and high consumer purchasing power, presents lucrative opportunities for tech startups.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/11/09/4543431-1492837313.jpg" width="1000" height="616" alt="" title="The Saudi market, characterized by its large size and high consumer purchasing power, presents lucrative opportunities for tech startups. Shutterstock" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/startups">Startups</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/startups">startups</a></div><div class="field-item odd"><a href="/category/tags/saudi-arabia">¶¶Òõ¶ÌÊÓƵ</a></div><div class="field-item even"><a href="/tags/egypt">Egypt</a></div><div class="field-item odd"><a href="/tags/entrepreneurship">entrepreneurship</a></div></div></div> Sat, 09 Nov 2024 08:23:22 +0000 Arbee 2578638 at /node/2578513/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nour-el-shaeri%C2%A0">Nour El-Shaeri </a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Fri, 2024-11-08 12:10</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ¶¶Òõ¶ÌÊÓƵ’s venture capital ecosystem continues to boost the regional startup space, with one company plowing $20 million into the early stage-focused Booster IV fund.</p> <p> Saudi Venture Capital Co. announced it was pouring the money into the fund, which is managed by Beco Capital and focuses on investments across the Gulf region.</p> <p> Booster IV aims to support high-growth or disruptive startups, targeting companies from the seed stage up to series A. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/11/08/4542833-762938338.png" width="1544" height="1028" alt="" title="¶¶Òõ¶ÌÊÓƵ’s signature startup event Biban 24 saw deals worth more than $5 billion signed to support SMEs. SPA" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/startups">Startups</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/startup-wrap">Startup Wrap</a></div><div class="field-item odd"><a href="/tags/biban-2024">Biban 2024</a></div><div class="field-item even"><a href="/tags/biban-24">Biban 24</a></div></div></div> Fri, 08 Nov 2024 09:34:23 +0000 owen.bennett 2578513 at /node/2578383/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nadin-hassan-%C2%A0%C2%A0">Nadin Hassan   </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2024-11-07 11:37</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ¶¶Òõ¶ÌÊÓƵ is set to launch multiple programs to boost its rapidly expanding startup ecosystem, focusing on the healthcare and logistics sectors, according to a senior official.</p> <p> Speaking to Arab News on the sidelines of Biban 24 in Riyadh, the Assistant Deputy Minister of Entrepreneurship at the Ministry of Communications and Information Technology, Mohammed Al-Ariefy, highlighted that these programs will be unveiled at the forum in the coming days.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/11/07/4542483-1627308309.png" width="770" height="545" alt="" title="Assistant Deputy Minister of Entrepreneurship at the Ministry of Communications and Information Technology Mohammed Al-Ariefy. AN" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/startups">Startups</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/biban-2024">Biban 2024</a></div><div class="field-item odd"><a href="/tags/biban-24">Biban 24</a></div><div class="field-item even"><a href="/tags/startups">startups</a></div><div class="field-item odd"><a href="/tags/healthcare">Healthcare</a></div></div></div> <span class="label abs-el uppercase special"> Special </span> Thu, 07 Nov 2024 11:00:07 +0000 owen.bennett 2578383 at /node/2577778/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nour-el-shaeri-%C2%A0">Nour El-Shaeri  </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sat, 2024-11-02 13:03</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ¶¶Òõ¶ÌÊÓƵ’s startup ecosystem is undergoing a remarkable transformation, driven by increasingly attractive valuations and a surge in early-stage investment activity.</p> <p> The Kingdom is establishing itself as a leader in venture capital funding across the Middle East and North Africa region, with government-backed initiatives, economic reforms, and digital transformation playing pivotal roles.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/11/02/4540905-1483455973.jpg" width="1000" height="716" alt="" title="¶¶Òõ¶ÌÊÓƵ led the MENA region in venture capital funding during the first half of 2024, with a total of $412 million. (AFP)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/startups">Startups</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/startups">startups</a></div><div class="field-item odd"><a href="/category/tags/saudi-arabia">¶¶Òõ¶ÌÊÓƵ</a></div></div></div> Sat, 02 Nov 2024 10:08:18 +0000 Arbee 2577778 at /node/2577673/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nour-el-shaeri%C2%A0">Nour El-Shaeri </a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Fri, 2024-11-01 12:27</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Saudi venture capital firms are fueling regional innovation through substantial investments and new initiatives. </p> <p> Aramco Ventures led New York-based industrial internet-of-things monitoring and communications startup Andium’s $21.7 million series B funding round. </p> <p> Existing backers, including Climate Investment, Intrepid Financial Partners, and individual investors such as former Citadel Chief Investment Officer Thomas Miglis, also participated. The investment brings Andium’s total funding to over $40 million, following its $15 million series A round in 2021. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/11/01/4540668-1358923863.jpg" width="1000" height="667" alt="" title="This week&#039;s FII8 witnessed numerous deals that boosted the startup landscape. Shutterstock" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/startups">Startups</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/startup-wrap">Startup Wrap</a></div><div class="field-item odd"><a href="/tags/startups">startups</a></div><div class="field-item even"><a href="/tags/aramco-ventures">Aramco Ventures</a></div><div class="field-item odd"><a href="/tags/wa%E2%80%99ed-ventures">Wa’ed Ventures</a></div></div></div> Fri, 01 Nov 2024 09:43:56 +0000 owen.bennett 2577673 at /node/2577531/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nour-el-shaeri%C2%A0">Nour El-Shaeri </a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2024-10-31 13:04</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Sentiments about ¶¶Òõ¶ÌÊÓƵ becoming the next entrepreneurial hotspot are resonating as global venture capitalists gathered to discuss the region’s future. </p> <p> During a panel session at the Future Investment Initiative in Riyadh, industry leaders cited the Kingdom when asked which region is going to be the next Silicon Valley, as they drew comparisons between ¶¶Òõ¶ÌÊÓƵ and the US.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/10/31/4540288-939615798.png" width="1229" height="691" alt="" title="A panel session at the Future Investment Initiative in Riyadh focused on venture capitalists. AN" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/startups">Startups</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/FII8">FII8</a></div><div class="field-item odd"><a href="/category/tags/saudi-vision-2030">Saudi Vision 2030</a></div><div class="field-item even"><a href="/tags/startups">startups</a></div></div></div> Thu, 31 Oct 2024 10:14:03 +0000 owen.bennett 2577531 at /node/2576852/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nour-el-shaeri-0">Nour El-Shaeri</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sat, 2024-10-26 10:52</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ¶¶Òõ¶ÌÊÓƵ’s startup ecosystem is gaining momentum, with several firms securing significant investments and partnerships as they scale their operations.</p> <p> Backed by both local and international venture capital, several startups are positioning themselves as key players in the region’s digital transformation, supporting Saudi Vision 2030’s goals of fostering innovation and economic diversification.</p> <p> ¶¶Òõ¶ÌÊÓƵ-headquartered mobility startup invygo has raised an $8 million series A extension, led by STV’s newly launched NICE Fund.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2024/10/26/4538542-732444161.jpg" width="1000" height="667" alt="" title="Football sensation Cristiano Ronaldo has invested an undisclosed amount in personalized nutritional supplements provider Bioniq. (Supplied)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div><div class="field-item odd"><a href="/main-category/startups">Startups</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/start-week">Start-up of the Week</a></div></div></div> Sat, 26 Oct 2024 07:54:42 +0000 Arbee 2576852 at