Saudi Arabia Plans $1.1bn Fund for Small Businesses

By James Eugene In a bid to strengthen its venture capital industry, Saudi Arabia is planning to establish a fund worth $1.1 billion – equivalent to 4bn Riyals – to boost investments in small and medium enterprises (SMEs) in The Kingdom. … Continue reading Saudi Arabia Plans $1.1bn Fund for Small Businesses

Aramex Co-Founder Seeks to Invest in Gulf Startups After Stake Sale

By James Eugene Fadi Ghandour, co-founder of logistics company Aramex PJSC, announced his plans to raise capital for another venture capital fund that seeks to invest in e-commerce businesses the Gulf (Middle East) region. According to an article by Bloomberg, … Continue reading Aramex Co-Founder Seeks to Invest in Gulf Startups After Stake Sale