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  • Foodics partners with American Express Saudi Arabia

    The announcement comes at the back of its series B fundraising in February this year, during which it raised $20 million in a funding round led by Sanabil Investments, a firm wholly owned by Saudi Arabia’s Public Investments Fund. With this latest announcement, Foodics is on track to exceed its 2021 targets, with 11,000 brands onboarded so far and growing, as well as new product launches also in the pipeline.

  • India’s startup expansion to Mena: A cause for concern?

    Since 2016, more than 50 India-based startups have expanded into the Middle East and North Africa (Mena) by making their UAE debut an entry point to the wider region. Twenty of these were already unicorns when they scaled and included the fintech PayMate, edtech Countingwell, and eyewear online retailer Lenskart.

  • How Saudi Arabia’s top 10 banks performed in the second quarter

    Global management consulting firm Alvarez & Marsal has released its second quarter analysis of the state of Saudi Arabia's banking sector. A round of the report's key findings in six charts.

  • State Department Clears Saudi Arabia’s Request for Continued Helicopter Maintenance Support Services

    The MSS contract supports the AH-64D/E, UH-60L, UH-60M, Schweizer 333 and Bell 406CS helicopters deployed by the Royal Saudi Land Forces Aviation Command and the continuation will also cover the upcoming CH-47F Chinook fleet, the Defense Security Cooperation Agency said Thursday.

  • Saudi International golf tournament and Asian Tour confirm historic partnership

    The 2022 Saudi International will mark the start of a historic chapter in golf, as the prestigious event becomes sanctioned by the Asian Tour as part of a 10-year partnership. The tournament, which will continue to be broadcast globally from Royal Greens Golf & Country Club, near Jeddah, between February 3-6, 2022, will also feature an increased purse of $5 million up from $3.5 million. The Asian Tour partnership represents a revitalised strategy, intended to elevate the well-established event in significant emerging markets around the world.

  • Saudi-led coalition thwarts Houthi missile and drones attack – media

    The Saudi-led coalition said late on Thursday that it thwarted and destroyed four Houthi explosives-laden drones and a ballistic rocket fired in the direction of the southern Saudi city of Jazan, Saudi state media reported.

  • GAMI and its partners meet with international investors in London

    The workshop was attended by representatives from GAMI, Ministry of Investment, the Saudi Arabian Military Industries (SAMI), the International Defense Exhibition (IDEX), and a number of officials and stakeholders in the industry and investment sectors from the Saudi and British sides.

  • Generation Start-up: how this Saudi company is helping farmers cut water use

    For a company that started out as a way for two researchers from the King Abdullah University of Science and Technology, or Kaust, to apply their research, Red Sea Farms has come a long way. Earlier this month, the Saudi Arabia-based agriculture technology start-up raised a total of $16 million from an enviable roster of investors. But ask its chief executive Ryan Lefers and he admits that it was not always easy for him and his co-founder Mark Tester to approach investors with their basic premise – to use salt water in agriculture.

  • Parents battle dearth of domestic drivers as Saudi schools prepare to open

    “Most parents had been using school transport before the pandemic as they cannot drop and pick up their wards due to their job schedules, so they will continue with precautions assured by the transport providers.”

  • Commentary: Whither the Arabs – The end of the welfare state and the start of a journey into the unknown

    “The challenge of creating an average of 7.5 million jobs annually, just to keep the already high unemployment rate from rising, requires a major overhaul of economic and socio-political systems.”