RIYADH, Saudi Arabia — Almarai signed a cooperation memorandum with the Food Industries Polytechnic, the Transport General Authority, and the Saudi Logistics Academy to localize jobs in the food and beverages sector through training and rehabilitation programs ending in employment. This came within the first international conference on the laborContinue Reading
Abu Dhabi, United Arab Emirates — Faraday Future (NASDAQ: FFIE), the California-based global electric mobility company, announced its Middle East debut through strategic collaborations with Master Investment Group and Siraj Holding LLC. The move includes the launch of the exclusive FF 91 2.0 Futurist aiFalcon Limited Edition tailored for theContinue Reading
Riyadh, Saudi Arabia — In implementation of the directives of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, and HRH Crown Prince and Prime Minister, Mohammed bin Salman; the Saudi Fund for Development (SFD) Board of Directors Chairman, H.E. Ahmed Al Khateeb, recently signed three development loanContinue Reading
Georgetown, Guyana — In implementation of the directives of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, and HRH Crown Prince and Prime Minister, Mohammed bin Salman; and in the presence of H.E. President of the Co-operative Republic of Guyana, Dr. Mohamed Irfaan Ali; the Saudi FundContinue Reading
Abu Dhabi, United Arab of Emirates — His Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, today announced $2.7 billion in offtake agreements for the UAE’s industrial sector in a move to boost local manufacturing, strengthen supply chains and attract international investors. Addressing the second Make itContinue Reading
SALT LAKE CITY and TORONTO and MONTRÉAL — Recursion (NASDAQ: RXRX), a leading clinical stage TechBio company decoding biology to industrialize drug discovery, today announced it has signed agreements to acquire two companies in the AI-enabled drug discovery space: Cyclica and Valence. “Recursion has pioneered the massive, parallel generation of -omics data with machineContinue Reading
Riyadh, Saudi Arabia — Biban 2023 — Saudi Arabia’s flagship startup and SME forum — has brought leading entities from around the world together to sign a series of landmark agreements worth approximately $13.8 billion in support of the startup community. Organized by the Small and Medium Enterprises General AuthorityContinue Reading
Riyadh, Saudi Arabia — Today, the Social Development Bank (SDB) pledged $6.4 billion to funding entrepreneurs, small and medium-sized enterprises (SMEs), and freelancers across the Kingdom over the next three years. The multibillion-dollar pledge was announced on Day 4 of Biban 2023, with the landmark commitment set to contribute toContinue Reading
RIYADH, Saudi Arabia – Today, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia (Monsha’at) has underlined its commitment to advancing entrepreneurship in the Kingdom. In line with Vision 2030, Monsha’at has signed a range of agreements with a selection of leading regional and global entities.Continue Reading
RIYADH, Saudi Arabia — The Kafalah Program officially announced a partnership with a diverse selection of Saudi-based entities, pledging up to $1.5 billion in financing guarantees for the Kingdom’s burgeoning community of startups and small and medium-sized enterprises (SMEs). The announcement was made on the second day of Biban 2023,Continue Reading
