Saudi Arabia Announces $6.4B Investments In Future Tech
Saudi Arabia has launched investments worth $6.4 billion in future technologies, the Saudi minister of communication and information technology said, as the kingdom races to diversify its economy from oil in the face of fierce regional competition.
Venture Capital Investments Climb 65% In Saudi Arabia
Investments worth $168 million have been channeled to Saudi startups in H1 2021, achieving a whopping 65% growth rate compared to the same period last year, a report revealed.
What's Next For Saudi Arabia's Booming VC Sector?
Five years into the Saudi Vision 2030 program, venture capital funding in Saudi Arabia has risen to an all-time high with a recorded $151.9 million in investment raised across 88 deals in 2020.
U.S. Investigates Harvard And Yale Over Foreign Funding
The U.S. has launched investigations into Harvard and Yale universities over suspicions they received undisclosed funds from foreign countries, including Saudi Arabia and China.
Saudi Aramco In Race For IPO Record With $1.7T Top Value
Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant, below the $2 trillion sought by Saudi’s crown prince but putting it in the running to become the world’s biggest IPO.
Venture Capitalists Are Grappling With Saudi Money In Tech
Tech startups that presented their products at Y Combinator Demo Day had clever solutions to improve everything from health care to video games. One thorny problem that the crowd at the event has not figured out how to deal with is Silicon Valley's inconvenient connection to Saudi Arabia.
This Is The Biggest Saudi IPO In Almost Five Years
Saudi Arabia’s largest share offering in four years has been postponed for two days amid rising geopolitical tensions and a looming trade war between the U.S. and China which have rattled global markets.
Silicon Valley Is Awash In Chinese And Saudi Cash
A tough, new enforcement regime is becoming a geopolitical minefield for venture capitalists and startups. This is Silicon Valley in 2019 — a playground for foreign countries eager to fulfill their grand strategies.
STV Accounts For Nearly 30% Of Total MENA VC Fundraising
"We have increased the quantum of venture capital available to regional startups, creating a completely new playing field for Mena VC," said Abdulrahman Tarabzouni, chief executive of STV.
Why Silicon Valley Investors Just Can’t Quit Saudi Money
Silicon Valley is beginning to question its ties with Saudi Arabia. But there are many skeptics these days who privately question whether the relationship will actually change once the news of the day moves away from the Middle East.