Tag: KSA

Ramadan online spend expected to raise across key sectors

Checkout.com forecasts surge in online spend this year among consumers in Saudi Arabia in areas like food stores, apparel, and hospitality Trends follow 22% growth...

Saudi Arabia Witnesses Three Years of Consecutive Private Equity Investment Growth, Closing 2023 with $4Bn Worth of Transactions

The "2019-2023 Saudi Arabia Private Equity Report" revealed that the Kingdom has witnessed a remarkable surge in Private Equity (PE) activity over the past...

Economic and Development Affairs Council Discusses Local and Global Economic Indicators

The Economic and Development Affairs Council has held a virtual meeting to discuss a number of reports and issues on its agenda.It discussed the...

Saudi Arabia plans $40 bln fund for AI investments: Report

Saudi Arabia’s government plans to create a fund of about $40 billion to invest in artificial intelligence, the New York Times reported on Tuesday,...

Saudi Showpiece New Murabba ‘Open for International Investment’

New Murabba Development Company made a powerful impression at the prestigious MIPIM 2024 event in Cannes, France. The event, which brings together the world's...

SVC Invests $30 Million in a Private Equity Fund by Olive Rock Partners

Saudi Venture Capital (SVC) announced its investment of $30 million in Olive Rock Partners Fund I, a regional private equity fund focusing on actively...

Tabby announces pre-IPO $700 million debt facility from J.P. Morgan

UAE-founded and Saudi Arabia-headquartered fintech Tabby has secured a $700 million debt financing round from J.P. Morgan, ahead of its planned initial public offering...

Ministry of Economy and Planning, Gulf Research Center Sign MoU

Vice Minister for International Economic Affairs at the Ministry of Economy and Planning Albara bin Bassim Alaskandarani and Gulf Research Center Chairman Dr. Abdulaziz...

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Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million...

Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates...

IIT Madras alumnus-founded deeptech startup Tattvam AI raises $1.7 million in funding

Tattvam AI, a deeptech startup building AI systems to...