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PIF’s Jada to Boost Saudi Arabia’s Startup Scene

CAIRO: Saudi Arabia’s startup landscape has received a significant push after a subsidiary of the Kingdom’s Public Investment Fund committed to investing in several venture capital vehicles. PIF’s Jada Fund of Funds Co. plans to invest an undisclosed amount in Bahrain-based Investcorp’s $500 million Saudi pre-initial public offering growth fund. The investment vehicle is exclusively focused on supporting a diverse range of companies based in Saudi Arabia during their pre-IPO stage.

NNPC and Golar sign MoU for floating gas plant in Nigeria

Africa's biggest oil producer holds some of the world's biggest gas reserves and is seeking investment in the sector.

Nigerian Aviation Workers Strike, Block Roads Over Pay

Chanting Nigerian aviation workers block roads to the domestic terminal to protest working conditions and wages.

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