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  • 2022 Saudi Arabia Venture Capital Report

    Saudi Arabia was one of the emerging markets that recorded YoY growth in 2022 nearing the $1Bn mark. The VC ecosystem surpassed FY 2021’s numbers by 72% aggregating $987M in funding across 144 deals, reporting a 3% decline in terms of total transactions. For a deeper insight  on the Saudi Arabia VC ecosystem, get access to our FY2022 Saudi Arabia Venture Investment Report.

  • 2022 Saudi Arabia Venture Capital Report

    Saudi Arabia was one of the emerging markets that recorded YoY growth in 2022 nearing the $1Bn mark. The VC ecosystem surpassed FY 2021’s numbers by 72% aggregating $987M in funding across 144 deals, reporting a 3% decline in terms of total transactions. For a deeper insight  on the Saudi Arabia VC ecosystem, get access to our FY2022 Saudi Arabia Venture Investment Report.

  • TAM Consultancy Eyes Listing on the Kingdom’s small cap market

    TAM is planning to list on the Kingdom’s small cap market, co-founder and Chief Executive Officer Abdullah Yousef said in an interview. It will look to be upgraded to the main exchange within two years, he said. The consultancy derives most of its revenue from advising the Saudi government and government-related entities linked to its sovereign fund, the Public Investment Fund.

  • Saudi Arabia’s Got the Money. But Can it Draw Foreign Capital?

    Bringing in foreign direct investment could be Saudi Arabia’s greatest challenge. MBS’s Vision 2030 economic blueprint is hoping to increase the FDI contribution to gross domestic product from the current 0.7% to 5.7%. Foreign capital into Saudi Arabia grew sharply in 2021, largely because of a $12.4 billion pipeline deal by the state-oil company Saudi Arabian Oil Co., or Aramco. But big undertakings that take years to translate into returns haven’t been announced yet. Multinational corporations are hovering, signing memorandums of understanding and visiting, but money isn’t hitting the ground(1).

  • Opinion: Lebanon’s Politicians Are Incapable of Productive Dialogue

    Lebanon has now entered the fourth year of its devastating economic crisis and collapse, with no end in sight and no hint regarding the possible launch of a recovery plan that would reignite its economy, restructure its banking system, and bring some hope to its struggling population, which has been forced to accommodate, in one form or another, to the state’s inability to provide basic services.

  • 2022 Saudi Arabia Venture Capital Report

    The Kingdom also saw the most Mega Rounds in one year for a MENA-based geography. Saudi Arabia recorded 3 Mega Deals, $170M Series C By Foodics, $100M Series B by FinTech Tamara, and $100M Series C by TruKKer, and captured 37% of the total funding seen over 2022. Moreover, the record first quarter drove 32% of the total funding which was a continuation of the funding highs we saw in 2021. Following Q1, the Kingdom saw quarterly declines both in terms of funding and deals in line with the global economic growth slowdowns, a trend that was observed across the MENA region.

  • Venture capital investments in Saudi Arabia up 72% during 2022, to a record-high close to $1 billion

    Although 2021 was a record year for venture funding in the Kingdom, 2022 witnessed unprecedented VC deployment, setting a new record in the amount of VC funding, according to the report published by the venture data platform, MAGNiTT, and sponsored by the Saudi Venture Capital (SVC).

  • Saudi Arabia’s water industry to grow as it increases desalination capacity

    The Kingdom is making significant infrastructure investments in wastewater treatment to enable water recycling and reuse. By 2027, the Kingdom’s desalination capacity is anticipated to rise from its current level of little more than 3 million cubic meters per day to 7.5 million cubic meters per day.

  • Iran targets last foreign social media apps to escape permanent bans

    Iranian authorities have threatened to permanently block access to Instagram and WhatsApp, which have been restricted since opposition protests erupted in September. The popular social media platforms are the last major foreign social media platforms to have escaped permanent filtering in the country. Business owners have protested the new restrictions, saying that they rely on the platforms to generate revenue.

  • NEOM Beach Games 2022 showcases capacity to host global sport events in unique destination

    The series of dynamic sport events commenced with freestyle kitesurfing on October 19, followed by an Olympic-level competition of short-course triathlon. Other events included 3x3 basketball and 5x5 beach soccer, the latter of which saw world champions Brazil secure both the men’s and women’s trophies. NEOM Beach Games concluded on December 9 with a desert mountain bike race that saw 220 male and females from around the world take part in the four-stage event, each athlete cycling 80-120 kilometers per day.