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News
Startup wrap: MENA funding and expansion activity gathers pace
16+ hour, 1+ min ago (928+ words) RIYADH: Startups and investors across the Middle East and North Africa announced funding rounds, acquisitions and regional expansion moves during the week, led by deals in e-commerce, artificial intelligence, education and financial technology. Keep Converting raises $2m pre-seed round UAE-based Keep…...
Saudi Arabia’s consumer spending holds steady at $4.2bn
20+ hour, 31+ min ago (440+ words) RIYADH: Saudi Arabia’s consumer spending held steady at SR15.8 billion ($4.2 billion) in the week ending Sept. 5, even as education-related transactions pulled back following the previous week’s back-to-school surge, official data showed. The Kingdom’s point-of-sale transactions edged up 0.2 percent from the previous…...
How $105 oil could squeeze UK households and strain MENA economies
1+ day, 5+ hour ago (1049+ words) ...
Kingdom seeks to attract AI companies with computing capacity, capital, market access
1+ day, 7+ hour ago (103+ words) ...
Saudi Arabia shields supply chains with national war-risk insurance pool
1+ day, 17+ hour ago (787+ words) ...
Hormuz shipping traffic falls to single digits, data shows
1+ day, 21+ hour ago (37+ words) Vessel transits at the Strait of Hormuz have dropped significantly, with only seven ships passing through compared to the 10-day average of 15. This decrease may not account for vessels using transponders turned off to avoid detection....
Iran and Gulf states to meet in push for Hormuz deal, FT reports
1+ day, 21+ hour ago (29+ words) Iran and Gulf states are set to meet to discuss a temporary deal to manage shipping through the Strait of Hormuz. The meeting will take place in Salalah, Oman....
Saudi entrepreneur brings live shopping, auctions to Saudi Arabia
2+ day, 5+ hour ago (702+ words) JEDDAH: While the COVID-19 pandemic forced millions of people around the world to move their lives online, one young Saudi technology entrepreneur was watching more closely. He was not just looking at how people were adapting to a new digital…...