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Following this growth, it is planning on expanding to Egypt and the UAE, while doubling down on SaudiArabia, against the backdrop of $5 million pre-Series A funding it has raised, in a round led by Europe-based VC Speedinvest, which marked its debut into SaudiArabia, and RAED Ventures, with participation from MENA focused VC firm Wamda Capital. “We
Some of the stories have been shocking, with allegations that fully updated smartphones can be hacked with a single text message , and reports that two women close to murdered journalist Jamal Khashoggi were among those targeted by a government agency using the spy tool. In short, NSO Group makes products that let governments spy on citizens.
The National Labor Relations Board ultimately ruled that Musk’s comments should be considered union-busting and broke the law. While a lot of attention has recently been paid to organizing efforts in tech and media industries, the number of non-government employees who belong to a union has fallen slightly over the last decade.
These factors are proving fertile ground for establishing and growing fintechs that focus exclusively on Islamic finance, offering products and services that follow shariah law. Shariah law calls for a different approach to financial services, and conventional banks are also launching products for Muslim customers.
The lawsuit alleged that the social network “fuels its business with countless infringing copies of musical ‘compositions, violating Publishers’ and others’ exclusive rights under copyright law.” The app even appears to have deleted its web page explaining the “government-funded media” labels.
Instead, e-scooters can only be legally ridden as part of government-backed rental pilots. The government of SaudiArabia , which is connected to the kingdom’s Public Investment Fund that owns 61% of Lucid Group , agreed to buy 100,000 of the automaker’s electric vehicles over the next decade.
Even in 2019, when SaudiArabia opened up state-owned oil company Saudi Aramco for trading, it didn’t dominate for long : Apple surpassed it last July on its way to a $2 trillion market cap , and Apple is approaching $2.5 trillion now. It’s the rare tech giant that isn’t using your data as a revenue stream.
Others have been left wondering how they ran afoul of the government. ” In the past two weeks, the government apparently has widened its crackdown. At North Carolina State University, two students from SaudiArabia left the U.S. “None of this is regular practice,” Feldblum said.
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