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  • Digital banking start-up YAP raises $41 mln, to expand into Saudi Arabia

    YAP, a digital bank in the United Arab Emirates, said on Monday it had raised $41 million in funding and targeted raising another roughly $20 million to finance its expansion plans. The investors so far included Saudi Arabia's Aljazira Capital, Abu Dawood Group, Astra Group and Audacia Capital. YAP said it intends to complete it Series A by the end of the year.

  • Establishing a Startup in Saudi Arabia

    While some barriers exist to setting up a business or startup as a foreigner in Saudi Arabia, such as the need to obtain permits and visas, the government of the Kingdom has also made it increasingly easy for entrepreneurs to set up shop.

  • Establishing a Startup in Saudi Arabia

    While some barriers exist to setting up a business or startup as a foreigner in Saudi Arabia, such as the need to obtain permits and visas, the government of the Kingdom has also made it increasingly easy for entrepreneurs to set up shop. Nevertheless, it’s important to check if you need to obtain a permit or visa for Saudi Arabia before planning a business venture in the country.

  • Saudi Arabia in early talks to take stake in UK’s Aston Martin

    Saudi Arabia's Public Investment Fund is in early talks with British luxury carmaker Aston Martin (AML.L) about taking a stake in the business that could be worth 200 million pounds ($243.5 million), the Financial Times reported on Thursday. Shares in Aston Martin, which had fallen as much as 20% to a record low on Thursday, trimmed losses to trade 9% lower by 1502 GMT after the group stopped short of confirming or denying the media reports. Aston Martin instead said it regularly keeps its funding options under review.

  • Gamers8 and Spotify partner for Saudi Arabia’s first live international esports season – Fast Company Middle East | The future of tech, business and innovation.

    Gamers8, one of the biggest Esports and gaming events, has entered into an exclusive partnership with music streaming platform Spotify which will be the official audio streaming partner for the all-new esports and gaming season taking place live in Riyadh this summer.

  • Saudi Artists Marvel At Surprise Patron: Their Own Rulers

    "I'm being exhibited constantly here," she said. "I'm being rediscovered by my people, my community. They used to follow me on Instagram. Now they can actually go and see the artworks."

  • Saudi foreign direct investment inflows rise 9.5% in first quarter

    Saudi Arabia recorded 9.5% increase year on year in foreign direct investment (FDI) flows during the first three months of 2022, the investment ministry said on Twitter on Tuesday. The FDI inflows were at 7.4 billion riyals ($1.97 billion) in the first quarter of 2022, the ministry added.

  • From Whitechapel to Saudi Arabia: Iwona Blazwick takes up a new post as AlUla public art supremo

    Saudi Arabia’s relentless drive to promote its cultural credentials continues with news of five new permanent works planned for the Wadi AlFann area located in the vast northwest region of AlUla. The large-scale, site-specific commissions will be overseen by Iwona Blazwick, the former director of Whitechapel Gallery in London, in her new role as the chair of the Royal Commission for AlUla’s Public Art Expert Panel.

  • Saudi’s KAUST announces partnership with Ocean Aero for autonomous underwater vehicles

    Ocean Aero and Shelf Subsea, a service company for the marine industry, will bring the AUSVs into Saudi Arabia, which will enhance KAUST research of the Red Sea. Ocean Aero’s TRITON Generation III AUSV is the world's first and only autonomous, environmentally-powered ocean vehicle that both sails and submerges for persistent, long-range ocean observation and data collection missions.

  • Major Artists Sign Up to Fill Saudi Arabian Desert Valley with Massive Art Installations

    Saudi Arabia is taking a big step in its longer plan to become an international art destination by inviting major artists, including James Turrell and Michael Heizer, to permanently install monumental pieces in its northwestern desert over the next couple years. From a mirrored installation that mimics a mirage to a labyrinth town made from adobe walls, the first five pieces will dot a 25-square-mile area dubbed Wadi AlFann, which means Valley of the Arts, according to Saudi cultural authorities. The valley is located in AlUla, a craggy desert region long known for its Petra-like rock tombs and more recently for its Desert X AlUla contemporary-art biennial.