VENTURE CAPITAL

Saudi-based STV Leads $23 Million Funding Round in Trukker

trukker
Saudi-based Saudi Technology Ventures (STV) said in a blog post that it is leading a $23 million investment round in Trukker, a truck-focused digital freight marketplace and aggregator based in the UAE.

Saudi Arabia

News, analysis, and more

Saudi Aramco IPO

Giant Aramco listing a critical test for young Saudi exchange

The imminent listing of oil giant Aramco will be a pivotal moment for Saudi Arabia’s young and untested Tadawul stock exchange....

 

Oil Markets

Saudi Arabia raises October oil output to replenish inventories

Saudi Arabia raised its oil output in October to 10.3 million barrels per day but kept its supply to the oil markets below its OPEC...

 

Saudi ETF

Saudi Arabia ETF Jumps After MSCI EM Review

Among Saudia Arabia’s best performers, Arab National Bank surged as much as 5.4% after indexer MSCI said it will add the company stock to its...

 

Shipping and Logistics

Truck Delivery App Wins Saudi Funds to Expand in Middle East

Trukker, a digital marketplace for land freight based in the U.A.E, has raised one of the largest initial rounds of capital for a...

 

Solar Power

Saudi solar energy startup has clear vision for buildings of the future

Called iyris, the award-winning company, incubated by the King Abdullah University of Science and Technology (KAUST), has been set up to create special, high-tech glass...

 

Competition Law

Saudi Arabia’s New Competition Law Goes Into Effect

The new Saudi competition regime includes pre-merger notification requirements with relatively low reporting thresholds, a lengthy waiting period for clearance (90+ days), and potentially large...

 

Women

In Saudi Arabia, hashtags are helping women fight domestic abuse

When specialized authorities ignore your case, social media platforms are there to help you get your voice out. Over the years, public opinion has been...

 

Sports

Saudi Arabia staging revamped 4-team Spanish Super Cup

Saudi Arabia will stage a newly expanded four-team Spanish Super Cup for the first time in January. The Spanish Football Federation cited its ambitions to host...

 

Security

Saudi court convicts 38 people on terrorism-related charges

A Saudi Arabian court has convicted 38 people of terrorism-related crimes, state-run Al Ekhbariya television reported on Tuesday. The TV channel said they were charged with...

 

Uber

Uber CEO Is Scrambling After Comments About Murder of Saudi Journalist

Uber’s Khosrowshahi was asked about his company’s ties to Saudi Arabia in an interview on Sunday for Axios on HBO. When asked whether al-Rumayyan should...

 

Tourism and Hospitality

Saudi Arabia to Inaugurate Diriyah Gate, a New Cultural and Lifestyle Tourism Destination With a UNESCO World Heritage Site at Its Heart

The restoration and reimagining of Diriyah, a sweeping 18th century adobe city that once served as the capital and stronghold of the first Saudi State,...

 

Reema Juffali

Reema Juffali Set To Become The First Saudi Woman To Race In An International Series Within The Kingdom

The Jaguar I-PACE eTrophy is Formula E’s support series. She joins other names like Alice Powell as a VIP driver, so-called because she isn’t contesting...

 

Entertainment

Saudi stabbings: three theatre performers attacked during show, in stable condition

Three performers were stabbed during a live play in the Saudi capital, state television said, in the first such attack since the ultra-conservative kingdom began...

 

Saudi +

Regional and related topics

Turkey

Turkey threatens to release detained ISIS members to Europe

Turkey is threatening to send detained ISIS members to Europe after expressing displeasure for the sanctions the European Union (EU) placed on the country for...

 

Iraq

Iraq’s elite rallies around Iran-backed plan to hang on to power

Two sources with knowledge of the talks said Soleimani had approved the reform plan, which would keep Prime Minister Adel Abdul Mahdi in power until...

 

Yemen Civil War

US offers $10m reward for information on Al Qaeda leaders in Yemen

The US offered a reward of up to $10 million (Dh36.7m) for information on two leaders of Al Qaeda in the Arabian Peninsula. The State Department...

 

Lebanon

Dollar shortage shakes confidence in Lebanon’s banks

Banking restrictions in Lebanon are exacerbating a scarcity of foreign currency, leading to shortages of fuel and vital medical supplies as the country’s economic turmoil...

 

Iran Nuclear Agreement

Iran’s Uranium Enrichment Capacity Is Up 25-Fold and Rising Fast

Iran’s now enriching about 100 kilograms of the metal a month compared to just 4 kilograms back when it was observing the 2015 agreement’s conditions...

 

Iran

U.S. Has Taken Two Million Barrels of Iranian Oil Off the Market

U.S. Assistant Secretary of State for Energy Francis Fannon discusses the waivers that let Iraq import oil from Iran, the impact of sanctions on Iran,...

 

Libya

Jordan, UAE, Turkey, Sudan Accused of Violating Sanctions on Libya, U.N. Report says

Jordan, the United Arab Emirates and Turkey have repeatedly violated an arms embargo on Libya and it is "highly probable" that a foreign attack aircraft...

 

Afghanistan

Afghanistan to release Taliban prisoners in swap

Afghan President Ashraf Ghani said Kabul would conditionally release three Taliban prisoners as part of a swap deal that would see two Western hostages freed by...

 

Iraq

A State with Four Armies: How to Deal with the Case of Iraq

Iraq has four major defense forces of varying sizes and capabilities: the Counter Terrorism Service, the Iraqi Army, the Popular Mobilization Forces, and the Kurdish...

 

India

India to invite foreign firms to invest in state-owned oil companies

International energy firms will be invited to participate in India’s privatization of state-owned oil companies, the country’s Oil Minister Dharmendra Pradhan said late on Monday. Pradhan...

 

Hybrid Cities

American firm JLL ranks Abu Dhabi, Dubai as ‘Hybrid’ cities

In its report, titled 'Demand and Disruption in Global Cities', prepared alongside The Business of Cities, JLL said that both Abu Dhabi and Dubai have...

 

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