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Dubai’s Scale-Up Count Surges by 26% in 2022.

RIYADH: The number of scale-ups in Dubai surged 26 percent in 2022, according to a report issued on Sunday. The report titled “Dubai’s Venture Capital Ecosystem,” issued by the Dubai Chamber of Digital Economy, said scale-ups in the emirate raised over $11.7 billion in capital in the last 10 years. It said as many as 306 fast-growing companies in the region are located in Dubai.
Business

Egyptian Health Tech to Save Saudi Lives After Acquisition

CAIRO: Saudi Arabia’s health care sector has gained a new entrant from Egypt aimed at addressing the challenges posed by delayed medical reports and improving patient outcomes.  Founded in 2017, Rology has secured its position in the Saudi market after sealing the acquisition of its counterpart Arkan United.  In an interview with Arab News, Amr Abodriaa, CEO and co-founder of Rology, expressed the significance of this move in establishing a leading position in the Saudi market. 
National Security

“Pentagon’s Secret Service Monitors Social Media for Negative Tweets About Generals”

An unredacted document shows the Protective Services Battalion uses sophisticated surveillance tools that can pinpoint anyone’s location.

The post Pentagon’s Secret Service Trawls Social Media for Mean Tweets About Generals appeared first on The Intercept.

Business

“Dammam Port now offers new shipping service”

RIYADH: Traffic at the King Abdulaziz Port in Dammam will soon ease thanks to the addition of Swiss-based Mediterranean Shipping Co.’s new service, the Saudi Press Agency reported. The Upper Gulf Express shipping service aligns with the objectives of the National Transport and Logistics Strategy to position the Kingdom as a global logistics hub connecting three continents, the General Authority of Ports said.  The shipping service connects Dammam with the ports of Abu Dhabi and Sharjah in the UAE as well as the Iraqi port of Umm Qasr.  
Business

“CMA to List 24+ Firms on Saudi Stock Market by 2023”

RIYADH: Saudi Arabia has more than 24 initial public offerings lined up for 2023 as it seeks to create boost the economy and create financing channels for emerging sectors. A report issued by the Capital Market Authority on Sunday said the Kingdom intends to boost its market’s appeal to foreign investors and increase their ownership as a percentage of the total market value of free float shares to reach 16.5 percent by the end of 2023.
Business

Etihad Rail collaborates with Arsenale to introduce high-end train service in UAE.

RIYADH: Travelers will have access to a luxury train service in the UAE after national railway network operator Etihad Rail partnered with Italian hospitality firm Arsenale Group in a move to boost tourism and showcase the country’s heritage and scenic attractions.  The firms signed a memorandum of understanding during the two-day Middle East Rail Exhibition and Conference in Abu Dhabi to roll out the 15-carriage transit option that will travel throughout the UAE toward the border with Oman. 
News

AI Hoax: Man’s “Death” After Jimin Surgery Points to BTS

Media outlets around the world reported an actor died after surgery to look like K-pop star despite numerous red flags.
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AIPAC Targets Rep. Jamaal Bowman | TOME

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The Israel lobby is expected to start a $20 million ad blitz backing its handpicked candidate against the incumbent Squad member.

The post AIPAC’s Next Top Target? Rep. Jamaal Bowman appeared first on The Intercept.

Kenya, Tanzania prepare for Cyclone Hidaya as flood deaths increase

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Kenyan government orders mandatory evacuations for residents near 178 dams and water reservoirs in 33 counties.

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AIPAC Targets Rep. Jamaal Bowman | TOME

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The Israel lobby is expected to start a $20 million ad blitz backing its handpicked candidate against the incumbent Squad member.

The post AIPAC’s Next Top Target? Rep. Jamaal Bowman appeared first on The Intercept.

KFC Malaysia closes outlets amid Gaza boycott

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Franchise operator cites 'challenging economic conditions' amid local reports linking closures to boycotts of Israel.

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KFC Malaysia closes outlets amid Gaza boycott

Economy 0
Franchise operator cites 'challenging economic conditions' amid local reports linking closures to boycotts of Israel.

New Generation of Organized Labor Rises in US

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US experiencing the biggest strike wave in 50 years.

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