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Feb 27, 2024
Riyadh - Sharikat Mubasher: Saudi-based Core Vision Investment Company acquired a major stake in VeFund, a leading AI-powered platform in the startup investment sector, the company announced in a statement.This acquisition signals a milestone in Core
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Feb 27, 2024
Riyadh - Sharikat Mubasher: Saudi Arabia issued over 8,500 foreign investment licenses in 2023, marking a 96% increase compared to around 4,440 in 2022, a recent report released by the National Transformation Program (NTP) revealed.In 2023, Riyadh be
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Feb 27, 2024
UAE- Sharikat Mubasher:  Abu Dhabi’s global tech ecosystem Hub71 attracted more than 260 startups that raised AED 5.4 billion collectively in venture capital over the past five years, a recent press release stated.The value of funds raised by Hub71 startups, including recently onboarded Cohorts 12 and 13, rose by AED 900 million in 2023.Hub71 startups created over 1,100 jobs in the emirate and achieved revenues worth AED 3.5 billion, concluding 118 corporate deals in the past two years valued at AED 658 million.In 2023, Hub71 onboarded 38 startups to its community and received 2,781 applications, marking a 100% increase in the global number of applications for Hub71 programs compared to 2022.Hub71 facilitated commercial deals for startups, which resulted in 77 deals signed with corporates in 2023 worth AED 494 million. 42% of these deals were signed with Hub71 partners valued at AED 150 million.Ahmad Ali Alwan, CEO of Hub71, commented: “The strong performance of Hub71 and the success of our thriving community over the past five years is a testament to the vision of our wise leadership in transforming Abu Dhabi into a leading tech startup ecosystem.”Alwan added that Hub71’s plans for 2024 include spearheading new programs and strategic initiatives to attract top talent and ensure startup founders receive unparalleled support through Hub71’s partnerships, programs, and initiativesHub71 also aspires to expand the number of Hub71+ specialist ecosystems dedicated to advancing technologies in priority sectors where innovation has the greatest potential
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Feb 27, 2024
Riyadh - Sharikat Mubasher:  The number of small and medium-sized enterprises (SMEs) in Saudi Arabia soared by over 200% since the launch of Vision 2030, a recent report by the National Transformation Program (NTP) revealed.The NTP’s Annua
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Feb 27, 2024
Riyadh - Sharikat Mubasher: Saudi deep tech venture capital firm Beta Lab led an extended $5.5 million pre-Series A funding round for TradingLeagues, a global gaming platform for financial markets, a recent statement revealed.This step highlights Bet
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Feb 26, 2024
Riyadh - Sharikat Mubasher: Saudi Arabia participated in the 13th World Trade Organization (WTO) Ministerial Conference that takes place in Abu Dhabi from 26 to 29 February.During his speech at the conference, Minister of Commerce Majid Al-kassabi af
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Feb 26, 2024
Riyadh - Sharikat Mubasher: Governor of the Small and Medium Enterprises General Authority (Monsha’at) Sami Alhussaini held several meetings to explore ways of fostering entrepreneurs in the Eastern Province.Alhussaini met with Bader AlReziza,
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Feb 26, 2024
Riyadh - Sharikat Mubasher: The total investment volume in existing factories in Saudi Arabia reached SAR 1.5 trillion by the end of 2023, recent figures by the Ministry of Industry and Mineral Resources showed.The Key Industrial Indicators for 2023
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Feb 26, 2024
Riyadh - Sharikat Mubasher: Nutanix, a global firm specializing in cloud software, is set to take part in LEAP 2024 to share its strategy of delivering the optimal hybrid cloud experience for government entities and private enterprises in Saudi Arabi
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Feb 26, 2024
Riyadh - Sharikat Mubasher: Eaton, the intelligent power management company, is set to participate in the upcoming LEAP 2024 event to showcase its leading-edge sustainable energy solutions, a recent statement revealed.Taking place next March in Riyad
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Feb 26, 2024
Riyadh - Sharikat Mubasher: The Chartered Financial Analyst (CFA) Institute plans to expand its membership network in the Middle East, with a key focus on Saudi Arabia, President and CEO Marg Franklin unveiled.The institute targets doubling the
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Feb 26, 2024
Riyadh - Sharikat Mubasher: The total volume of investments in environmental compliance projects until 2030 worth around SAR 6 billion, Saudi Vice Minister of Environment, Water, and Agriculture Mansour Al Mushaiti revealed.During his speech at
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