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  • How will the UAE’s new venture capital fund help overcome obstacles in the nation’s startup sector?

    Approved on Thursday by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and Chairman of Dubai Executive Council, the fund is expected to bolster and sustain startup projects and entrepreneurs in the emirate.

  • Heart And Soul – Vignettes from Ali Al-Baluchi’s Memoir: Part II

    In the 1940s, a good education was not widely available to the majority of the Saudi population. Realizing the advantages of a literate local workforce, Aramco built a small evening school in Al-Khobar to enable the learning of English. From amongst the students who attended on a voluntary basis, the company could select those showing potential to further their training at the company’s ‘Jebel School’ in Dhahran. In this second extract from his Memoir, Ali Al-Baluchi recounts the excitement of being selected whilst facing the subsequent challenge of proving his age to Aramco.

  • How the Iran Deal Blocked a Nuclear Bomb in Two Charts

    The 2015 Iran Deal, negotiated by the Obama administration, blocked Iran’s paths to a nuclear weapon by placing a series of restrictions on Iran’s nuclear research and stockpiles, and enacting a slew of monitoring, verification and oversight mechanisms. One of the most significant elements of the deal was its ban on highly enriched uranium.

  • Endeavor launches report on state of Saudi startup ecosystem

    Endeavor Saudi Arabia in collaboration with Endeavor Insight launched its latest research project that studies, analyses, and maps the activity and connections in the entrepreneurial tech ecosystem in Riyadh for the past 20 years.

  • Endeavor launches report on state of Saudi startup ecosystem

    Endeavor Saudi Arabia in collaboration with Endeavor Insight launched its latest research project that studies, analyses, and maps the activity and connections in the entrepreneurial tech ecosystem in Riyadh for the past 20 years.

  • From Resalaty to Unifonic, tracing the Saudi startup’s journey

    It is difficult to recall a time when messaging large numbers of people was impossible, but that was the reality for brothers Ahmed and Hassan Hamdan, who wanted to message the members of a student club at their university in Saudi Arabia. This was back in 2006, when Whatsapp did not exist, Facebook had yet to make it to the Middle East and BlackBerry Messenger had a limit on the number of people one could message in one go. The only alternative was sending emails, but few people had mobile internet connectivity and the way most people kept in touch was via SMS.

  • Desert X Saudi Arabia Asks Viewers to Separate Politics and Art

    Susan Davis, founder and president of Desert X, says the Saudi iteration came about through person-to-person diplomacy, rather than any international intrigue. The connector was Los Angeles–based artist, collector, and Saudi royal Sultan Bin Fahad, whose work “Desert Kite” appears in this year’s show.

  • A strategic partnership aims to make Saudi Arabia a top global destination

    A recently signed agreement between the Saudi Tourism Authority (STA) and Emirates, one of the biggest commercial carriers in the world, promises to boost the number of international travelers opting to vacation in the Kingdom, while benefiting both economies.

  • SoftBank Cuts Back Spending, Leaving Startups Desperate for Cash

    SoftBank Group Corp.-backed Light is struggling to raise funds after the world’s largest tech investor balked at putting more money into the startup, people familiar with the matter said. SoftBank owns about 30% of Light through its first Vision Fund, which led an injection of $121 million into the advanced camera developer in 2018. SoftBank’s continued support is critical for the cash-strapped startup, which had been spending millions of dollars to expand into self-driving tech at SoftBank’s urging.

  • Saudi Royals Are Selling Homes, Yachts and Art as Crown Prince Cuts Income

    Saudi princes have sold more than $600 million worth of real estate, yachts and artwork in the U.S. and Europe since the kingdom’s de facto ruler tightened the purse strings of the ultrawealthy ruling family. The transactions represent a radical change of fortune for senior princes who funneled windfalls from oil booms in the 1970s and 1980s into some of the world’s most exclusive markets. The vast sums of money were spent largely on hard-to-sell assets or drained by spending that reached $30 million a month for some royals with large staffs and lavish lifestyles, making them vulnerable to recent changes in government policy.