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F1 in Saudi Arabia: Blind corners and walls at over 200 mph

Ars Technica

The Formula 1 race in Saudi Arabia last night was the fifth race in six weeks. Although it's far from the only autocratic petrostate on the F1 calendar, some people remain uncomfortable with F1 racing in Saudi Arabia, given that country's record of human rights abuses. Read full article Comments

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Saudi Arabia buys a 5% stake in Nintendo

TechSpot

This week, Saudi Arabia's Public Investment Fund (PIF) bought five percent of Nintendo. Nintendo said it only learned of the investment from news reports and declined to comment on individual shareholders. By Bloomberg's estimates, this makes it Nintendo's fifth-largest shareholder.

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US seeks to drop charges against former Twitter employees accused of spying for Saudia Arabia

The Verge

Two former Twitter employees who were last fall charged with spying on behalf of the government of Saudi Arabia may have charges against them dropped at the recommendation of US prosecutors, according to Bloomberg. Twitter declined to comment for this story. Illustration by Alex Castro / The Verge.

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Dubai-based accounting and financial compliance startup, Wafeq, raises $3M

TechCrunch

The United Arabs Emirates (UAE) and Saudi Arabia became the first member states to adopt the treaty in 2018, and its implementation meant that for the first time businesses in these territories were required to file VAT returns periodically. The startup is in the process of seeking approval from the Egyptian Tax Authority too.

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Japan’s Terra Drone gets $14M lift from Saudi investors

TechCrunch

It declined to comment on its post-money valuation. Japan’s Terra Drone lands $70M Series B funding to accelerate global expansion The move comes in line with Saudi Arabia’s “Vision 2030” plan , which lays out goals to reduce the nation’s dependence on hydrocarbons and promote the use of drones in services.

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Egyptian ride-sharing company Swvl plans to go public in a $1.5B SPAC merger

TechCrunch

After its Egypt launch, Swvl expanded to Kenya, Pakistan, Jordan and Saudi Arabia. Judging by Grace’s comments, Swvl has that global appeal and is ready to venture into the public market despite being in operation for just four years. Swvl offerings have expanded beyond bus-hailing services.

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Human rights activist suing Twitter for allegedly giving Saudi spies access to his info

The Verge

A Saudi human rights activist has filed a lawsuit against Twitter, alleging that the company hired two people who spied on behalf of the government of Saudi Arabia and accessed his personal information. Twitter declined to comment Friday. Illustration by Alex Castro / The Verge.