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  • Wa’ed boosts investment in digital mapping startup in Saudi Arabia

    Wa’ed, the entrepreneurship arm of Saudi Aramco, has boosted its investment in a digital mapping and indoor navigation startup in a bid to help it expand globally. Alkhobar-based NearMotion provides mobile navigation tools for airports, hospitals, shopping malls, museums, theme parks and event stadiums, allowing users to get real-time information and services. This will be Wa’ed’s second investment in the company, having previously backed it in 2016.

  • Saudi partners with US-based startup Zapata to become a regional leader in quantum technologies

    Gulf nations have been ahead of the world when it comes to a digital revolution. Scientists believe that the solution for designing eco-friendly and fuel-efficient vehicles will be found in quantum computing.

  • Portrayal of Saudi women in art through the decades

    Saudi society has experienced tremendous developments over the past few decades, driven by successive development plans, which played a major role in driving social change and empowering women. Despite the relatively short history of Saudi Arabia’s art movement, art can be used as a tangible source of reflection on the country’s wider social context, particularly when it comes to the status of women.

  • Saudi Arabia dominates startup investment sector during May

    Wassim Basrawi, the managing director of Wa’ed, the entrepreneurship arm of Saudi Aramco, told Arab News: “It is not surprising that venture capital deal making is picking up in the Saudi market. We’ve been observing that now for months as the Kingdom emerges from (the coronavirus disease) COVID-19 pandemic.”

  • Vision Fund to back Saudi messaging startup

    The fund, which has raised about $130 billion of investment money in two separate rounds of fundraising, will back a Saudi messaging company, Rajeev Misra, the CEO, told Arab News.

  • Biden Seeks State Department Budget Boost, But Ambassador Nominations Lag

    President Joe Biden, who vowed to “repair our alliances and engage with the world once again,” is proposing to put dollars behind that promise. But analysts say he’s lacking the lower-level diplomacy that’s critical to building strong relationships.

  • Adidas announces landmark partnership with Challenge Team, Saudi’s first ever Women’s Football League champions

    Commenting on the partnership with the Riyadh based team, Rawh Al-Arfaj , Challenge Team Founder and CEO said, “We are honored to be the first female football team to be sponsored by adidas in Saudi Arabia. We’ve really seen Challenge Football Team gain momentum since the establishment of the first Women’s Football League in Saudi Arabia in 2020, and we hope to inspire girls and women in Saudi Arabia and beyond to pursue their passion.”

  • Why are Saudi women suddenly starting to take jobs?

    Over the past few years, the Saudi Arabian government has made significant reforms to incentivize women to find employment and to protect them better on the job. These reforms also increased Saudi Arabia’s score in the World Bank Women, Business, and Law (WBL) database by almost 50 points (Figure 1) between 2016 and 2020. In parallel, female labor force participation rates improved at unprecedented rates, rising by 14 percentage points during the same time.

  • Saudi E-commerce Startup Retailo Raises Record $6.7M Seed Investment

    Investors were clearly impressed with what they had recently seen with Retailo, given that the record funding comes less than a year after Retailo raised $2.3 million in a pre-seed round—already one of the highest in the region—and followed it up with an average of 35 percent monthly growth. This raises the Saudi-based startup’s total financing to $9 million.

  • High resolution photos of the ancient Black Stone at the heart of Mecca’s holy Kabba

    High resolution photographs of the ancient Black Stone at the heart of Mecca's holy Kabba have been revealed for the first time by Saudi Arabia. Astonishing images of the al-Hajar al-Aswad, said to date back to the time of Adam and Eve, were unveiled by the General Presidency for the Affairs of the Saudi Grand Mosque on Monday.