500 Global and Sanabil Investments announce Batch 3 of the Sanabil 500 MENA Seed Accelerator

500 Global and Sanabil Investments announce Batch 3 of the Sanabil 500 MENA Seed Accelerator

RIYADH, Saudi Arabia – 500 Global, a leading global venture capital firm, and Sanabil Investments, a financial investment company focused on global private investments in venture capital, growth and small buyouts, unveiled today 14 startups in Batch 3 of the Sanabil 500 MENA Seed Accelerator Program 2022. They were selected out of more than 500 applicants from MENA – which represents an acceptance rate of less than 3%. The Sanabil 500 MENA Seed Accelerator Program provides pre-seed and seed-stage startups across the Middle East and North Africa with the foundation…

Northern Trust Appoints Kholoud Al Dosari as Country Head, Saudi Arabia

Northern Trust Appoints Kholoud Al Dosari as Country Head, Saudi Arabia

RIYADH, Saudi Arabia – Northern Trust (Nasdaq: NTRS) has appointed Kholoud Al Dosari as country head for Northern Trust in The Kingdom of Saudi Arabia. Based in Riyadh, Al Dosari oversees the strategic development, business growth and operations of Northern Trust’s asset servicing business in the country. This senior local leadership appointment further underscores Northern Trust’s commitment to its clients in the region and growth of its asset servicing business in the Middle East. Prior to joining Northern Trust, Al Dosari served as non-executive independent board member to Northern Trust…

Standard & Poor’s assigns Tawuniya an “A-” rating; outlook “stable”

Standard & Poor’s assigns Tawuniya an “A-” rating; outlook “stable”

Riyadh, Saudi Arabia – Standard & Poor’s Global Rating Agency has assigned Tawuniya Insurance Company an “A-” rating and outlook “stable”, which is one of the highest financial ratings amongst the insurance companies in the Kingdom of Saudi Arabia, Middle East, and North African. This rating reflects Tawuniya’s improving financial performance for the last three consecutive years from 2019 to 2021, as shown in the S&P report. In 2021, Tawuniya achieved positive results, including a 13% growth compared to last year in GWP reaching 10.2 billion Saudi riyals, and increasing…

Spoilz Games Secures 2.6 million SR in pre-seed funding round

Spoilz Games Secures 2.6 million SR in pre-seed funding round

Riyadh, Saudi Arabia – Leading Saudi mobile gaming studio and publisher Spoilz Games, based in Riyadh, Saudi Arabia, has closed a pre-seed investment round of 2.6 million SR from angel investors. This investment will allow the company to further develop and publish high-quality, entertaining games that create memorable experiences for a global audience of gamers, as well as sustain its efforts to expand worldwide. Most of MENA’s youth population have grown up as digital natives, and gaming plays a huge role in their entertainment. Thanks to the high penetration of…

InVeris Training Solutions to Highlight Augmented-Reality Training and Live-Fire Range Systems at World Defense Show 2022

InVeris Training Solutions to Highlight Augmented-Reality Training and Live-Fire Range Systems at World Defense Show 2022

SUWANEE, Ga.–(BUSINESS WIRE/AETOSWire)– InVeris Training Solutions (booth #M7) will showcase its newest training technology SRCE™ (See | Rehearse | Collectively Experience or “Source”) at World Defense Show in Riyadh, Saudi Arabia, March 6-9. Debuting in late 2021, SRCE is the world’s first and only augmented reality-based training simulator, providing groundbreaking mission rehearsal for militaries and law enforcement. In addition to SRCE, InVeris will also be displaying a full array of live-fire range offerings. “Augmented reality enables us to combine virtual training in real-world locations,” said InVeris Chief Executive Officer Al…

Raiven Capital Arrives in Riyadh to Judge $600,000 Startup Competition at LEAP, One of the Mideast’s Largest Tech Conferences

Raiven Capital Arrives in Riyadh to Judge 0,000 Startup Competition at LEAP, One of the Mideast’s Largest Tech Conferences

RIYADH, Saudi Arabia–(BUSINESS WIRE/AETOSWire)– Raiven Capital, a global early-stage technology venture fund, arrived in Riyadh to judge a $600,000 startup competition for LEAP, a 61,000 attendee, three-day tech conference that begins today. The inaugural conference involves more than 400 speakers, 80 countries, and 1,000 startups. It is part of Saudi Vision 2030, the plan to diversify from fossil fuels and develop other sectors, especially its digital technology-based economies. A major part of this plan is to nurture its future entrepreneurial society. Ninety startups are competing in the Rocket Fuel Startup Competition, with a…

Flight-Booking Site Wingie Releases Fresh Data on Air-Travel Trends in the MENA Region

Flight-Booking Site Wingie Releases Fresh Data on Air-Travel Trends in the MENA Region

DUBAI, United Arab Emirates–(BUSINESS WIRE/AETOSWire)– Wingie, a Germany-based flight-booking website, released new data this week on changing trends pertaining to air travel in the Middle East and North Africa (MENA). The site found that the region’s most popular destinations in autumn were Cairo (11%), Dubai (9%), Riyadh (8%) and Jeddah (8%), while the average age of those booking flight tickets online stood at 36. “This new data shows how regional air travel is changing – and growing – in the post-pandemic recovery period,” CEO of Wingie Çağlar Erol says. “With…

Global Cybersecurity Forum (GCF) to Convene Global Leaders In-Person in February 2022

Global Cybersecurity Forum (GCF) to Convene Global Leaders In-Person in February 2022

Riyadh, Saudi Arabia, The 2022 edition of the Global Cybersecurity Forum (GCF) will be held on 1st and 2nd of February 2022 in Riyadh under the High Patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud. The GCF 2022 theme, Rethinking the Global Cyber Order, will focus on the root challenges in cybersecurity and explore how the global cyber community can seize upon the many benefits cyberspace offers to humanity. Building off the momentum from its previous forums, the GCF will continue to grow…

Made in Portugal naturally in Middle East at ‘Index Saudi’ Rhyade’21

Made in Portugal naturally in Middle East at ‘Index Saudi’ Rhyade’21

Riyadh, Saudi Arabia, (AETOSWire): Created by the Portuguese Association of Wood and Furniture Industries (AIMMP), Associative Design – The Best of Portugal, promotes Portuguese products globally. The regular presence of the brand Associative Design – The Best of Portugal since 2016 in renowned events in the Middle East, such as Dubai Design Week, Downtown Design Dubai, Idf Omãn and The Hotel Show – Dubai, allow us the expansion of the brand under the promotion ‘MADE IN PORTUGAL, naturally’, in the surrounding markets in order to take advantage of the investment…

FII Institute invests in Interstellar Lab, accelerating sustainable farming on Earth and in space

FII Institute invests in Interstellar Lab, accelerating sustainable farming on Earth and in space

Riyadh, Saudi Arabia,  (AETOSWire): Population projections stress the need for sustainable living on our planet and on others. FII Institute announces today an investment in Interstellar Lab, a space technology company designing closed loop biodomes for sustaining life on Earth, the moon, and Mars. FII Institute is a global non-profit foundation with an investment arm and one agenda: Impact on Humanity. The $500,000 USD equity investment is a part of Interstellar Lab’s latest $3M USD Seed Round and builds on FII Institute’s commitment to catalyze globally relevant, real-world solutions in…