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Saudi startups received funding worth $67 million in 2019
According to MAGNiTT's most recent report, "2019 Saudi Arabia Venture Capital Snapshot," the number of startup investments totaled 71, amounting to a 92-percent growth since 2018's total of 37 deals. This quick and sudden rise in investment and funding has pushed the kingdom up the ranks among the MENA region's countries, placing it third after the UAE and Egypt, respectively.
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Agreements Signed to Set up Innovative Saudi Media City
Saudi Minister of Culture Prince Badr bin Abdullah bin Farhan Al Saud signed on Tuesday three agreements to set up an ambitious Media City project in the Kingdom. The deals cover cultural, media and technical aspects of the city, which will serve as a unique global destination.
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Saudi Arabia and Yemen’s rebels were making rare progress in peace talks. Then new violence flared.
While McKenzie said the recent fighting did not aid prospects for peace, he identified Iran’s support for the rebels as the bigger problem. “It is in the Houthis’ best interest probably to come to some political deal. It is not necessarily in Iran’s best interest for that outcome to occur,” he said.
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Saudi Arabia evacuates students from China, quarantines them upon arrival
So far, the UAE is the only country in the region to have confirmed cases of the virus. Early on Sunday, the Gulf nation said it was dealing with a fifth infected patient, a Chinese tourist who recently arrived from Wuhan.
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Saudi King and Putin Discuss Oil Market After Virus Slams Prices
OPEC and its allies only recently started a fresh round of deeper production cutbacks, the latest step in a three-year effort to prevent plentiful U.S. shale supplies putting the global market into surplus. But the outlook has deteriorated rapidly in the last few weeks as the coronavirus clouds the outlook for the global economy.
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OPEC+ Consults China for Urgent Analysis of Virus Threat to Oil
The unusual appearance at the cartel’s headquarters of Wang Qun, China’s ambassador to international organizations in Vienna, underscores how the outbreak has upended the global market.
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Oil prices rebound on hopes for OPEC+ supply cuts
Tuesday’s gains marked a rebound after an extended slide over the last two weeks on concern over the global economic impact of China’s coronavirus, which pushed crude prices on Monday to their lowest level in more than a year.
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UAE, Saudi Arabia declare ‘continued support’ for Palestinian cause
He made the comments at an emergency meeting of the Organisation of Islamic Cooperation (OIC) in Jeddah. On his part, Saudi Minister of State for Foreign Affairs, Adel Al Jubeir, said: “We reaffirm our support for the Palestinian people in a manner that guarantees their legitimate rights.” The summit, in their final communique, rejected Trump's Middle East Peace plan.
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Iran plane pilot heard in leaked air traffic control audio talking about “missile” hitting Ukraine passenger jet
A leaked recording of an exchange between an Iranian air-traffic controller and an Iranian pilot purportedly shows that authorities immediately knew a missile had downed a Ukrainian jetliner after takeoff from Tehran, killing all 176 people aboard, despite days of denials by the Islamic Republic.
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At Iraq protests, a cleric’s tweets split his followers
On Saturday, Sadr endorsed Iraq's new prime minister-designate Mohammad Allawi, a figure loathed by the youths in revolt, in a move that has splintered protest squares. Hardcore Sadrists then ousted protesters from a multi-storey building that had become a symbol of the uprising, tearing down portraits of youths shot dead in rallies and banners listing demonstrators' demands.
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