The Verge

JULY 28, 2020

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. Prosecutors are also recommending charges against him be dropped, Bloomberg reports.

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TechCrunch

DECEMBER 4, 2022

The startup has also expanded to Saudi Arabia, where it will be headquartered henceforth, after raising $1.2 This latest round had the participation of Launch Africa VC, 500 Global, Riyadh Angels, Alex Angels, Al Tuwaijri Fund and Saudi angel investor Faisal AlAbdulsalam. million seed funding. seed funding.

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TechCrunch

JANUARY 24, 2023

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. It also generates actionable financial reports and insights for businesses. “We

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The Verge

FEBRUARY 22, 2021

Bloomberg first reported that Lucid Motors and Churchill — which is run by investor Michael Klein, who has architected deals for Saudi Arabia in the past — were in talks back in January. Specifically, Lucid Motors is merging with Churchill Capital Corp IV, which is already listed on the NYSE. Roughly $2.1

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Candid

JULY 17, 2024

Based on an online survey of 32,000 respondents in 28 countries conducted in November 2023, the 2024 Edelman Trust Barometer Global Report found low levels of trust in these institutions’ ability to manage “new innovations and technologies.” Leave a comment to recommend a report for an upcoming feature.

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The Verge

APRIL 5, 2022

Recently, Saudi Arabia has made some big investments in the gaming industry. Bloomberg reported in February that Saudi Arabia’s Public Investment Fund (PIF) has taken stakes of more than 5 percent in both Capcom and Nexon — stakes that, combined, are worth more than $1 billion. The PIF also invested more than $3.3

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The Verge

JULY 26, 2021

Jia’s ownership became a major problem for potential investors because of his reluctance to sell, as Recode and The Verge have reported. That injection of cash, plus subsequent investments from the fund, have given Saudi Arabia majority ownership of Lucid Motors. (It

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The Verge

SEPTEMBER 9, 2020

To help with the cash crunch, Lucid Motors entered into two separate agreements in 2017 where it used its intellectual property as collateral for loans, as The Verge originally reported. Most media outlets make note of Saudi Arabia’s $1 billion investment in Lucid Motors. And it will benefit Saudi society.”.

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TechCrunch

FEBRUARY 28, 2022

However, after the company reported its results, its shares fell, erasing 10.8% Lucid is also building a new manufacturing facility in the Kingdom of Saudi Arabia that it expects to finish by 2025. The company estimates the Saudi plant could bring in up to $3.4 Investors expected Lucid to report revenues of $36.74

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TechNode

NOVEMBER 9, 2023

Chinese electric vehicle maker Human Horizons is reportedly in discussions with the Public Investment Fund, Saudi Arabias sovereign wealth fund, to secure at least $250 million at a valuation of $3 billion, according to Bloomberg sources. billion with the six-year-old automaker.

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The Verge

NOVEMBER 16, 2021

Lucid Motors’ market capitalization passed Ford’s on Tuesday, one day after the startup reported its first quarterly financial results as a publicly traded company and just a few weeks after it started shipping its luxury electric sedan, the Air. Photo by Andrew Hawkins / The Verge. They came back and said they wanted to acquire.”.

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Engadget

FEBRUARY 13, 2025

At the Jeddah E-Prix in Saudi Arabia this weekend, the all-electric series will debut Pit Boost, a mandatory 34-second stop what will add 10 percent additional energy (3.85kWh) via a 30-second charge. As The Race reports , Formula E first started planning energy-boosting pit stops in 2019 during the development of the Gen3 car.

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TechNode

MAY 11, 2024

Chinas second-largest short video platform Kuaishou is planning to open an office in Riyadh, the capital of Saudi Arabia, soon, according to a report by the South China Morning Post quoting Kuaishous chief financial officer Jin Bing.

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TechNode

SEPTEMBER 5, 2023

Huawei Technologies has inaugurated a cloud data center in Riyadh, the capital of Saudi Arabia, according to a September 4 report by Reuters. This marks Huaweis 30th cloud data center globally, the report said.

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TechCrunch

MAY 17, 2021

Per a recent report by Bain & Co., This is the main target for us now and also to start operations in Saudi Arabia.” e-commerce is expected to grow to $28.5 billion in MENA by 2022 from a 2019 value of $8.3 But for any e-commerce business to thrive, its last-mile delivery arm has to be well figured out. .

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TechNode

JULY 22, 2024

Meituan is reportedly set to officially launch in Riyadh in September or October, according to Chinese media outlet NBD, as the food delivery giant looks to replicate its growth in Hong Kong and mainland China in Saudi Arabia. NBD, in Chinese ]

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The Verge

JUNE 8, 2021

Apple’s new Private Relay feature, which is designed to obscure users’ browsing data and protect their privacy, won’t be available in China, Reuters reports. Other countries where Private Relay won’t be available include: Belarus, Colombia, Egypt, Kazakhstan, Saudi Arabia, South Africa, Turkmenistan, Uganda, and the Philippines.

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TechNode

FEBRUARY 5, 2024

The Shanghai-headquartered company in June signed a letter of intent with Saudi Arabias Ministry of Investment for setting up a joint venture to make EVs in the Gulf country as part of a $5.6 billion deal.

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TechNode

MAY 8, 2024

The results have encouraged Meituan to actively evaluate opportunities in other markets, CEO Wang Xing said in a recent earnings call, following a Bloomberg report that the company is mulling a potential entry to Riyadh, one of richest cities in the Middle East and the capital of Saudi Arabia. Caixin, in Chinese ]

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The Verge

JANUARY 24, 2022

The recent attack on the oil facility and airport in Abu Dhabi reportedly involved both “ballistic missiles and explosive-laden drones,” according to APNews , though it’s not clear from reports what the size and model of these drones were. The attack involved ‘ballistic missiles and explosive-laden drones’.

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TechNode

APRIL 28, 2024

Chinas food delivery giant Meituan is hiring Arabic- and English-proficient talent for its likely entry into Riyadh, the capital of Saudi Arabia, as the company puts expansion beyond China on its agenda as domestic consumption falls.

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TechCrunch

JUNE 28, 2022

As of 2020, it was operating in 50 cities across Egypt, Saudi Arabia, Jordan and Lebanon and claimed its userbase had grown 3x year-over-year to 4 million patients, with 30,000 healthcare providers using its software-as-a-service solution. Vezeeta has almost 500 employees, according to its LinkedIn page. .

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TechCrunch

FEBRUARY 23, 2021

The combined company, in which Saudi Arabia’s sovereign fund will continue to be the largest shareholder, will have a transaction equity value of $11.75 The announcement comes more than a week after Bloomberg, citing unnamed sources, reported a deal was close to being finalized.

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The Verge

JUNE 16, 2021

The device will be available for preorder in China on June 25th and will come to international markets such as France, Malaysia, Mexico, Russia, Saudi Arabia, and the UK at a later date at a price that’s to be announced. A spokesperson confirmed that the “Honor devices” referred to in the statement include the newly announced Honor 50.

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TechNode

AUGUST 30, 2023

The company says it will improve operations in Saudi Arabia, the United Arab Emirates, and Mexico, while also keeping the Commonwealth of Independent States (CIS) in its sights. GAC statement, in Chinese ]

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TechCrunch

AUGUST 21, 2023

The Vision Fund has outside limited partners, including the sovereign wealth funds of Saudi Arabia and Abu Dhabi; SoftBank sold that stake in Arm to the Vision Fund in 2017 for $8 billion.) billion into the co-working company WeWork in the summer of 2017 when it was still privately held, at a reported valuation of $20 billion.

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TechNode

OCTOBER 30, 2023

Geely-affiliated Zeekr signed sales agreements with partners in UAE, Saudi Arabia, Qatar and Bahrain last month. TechNode reporting , Caixin, in Chinese ]

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TechNode

SEPTEMBER 19, 2024

billion on-demand delivery orders in 2023, according to its annual report, which means its delivery workers made an average of about RMB 3.65 ($0.52) per delivery. Local media outlet The Paper reported that the man, surnamed Yuan in police reports, slept around three or four hours nightly, with the rest of his time spent at work.

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TechNode

DECEMBER 18, 2023

Saudi Arabias Ministry of Investment is set to invest $5.6 Li told Chinese reporters on Dec. The Middle East is becoming a major supporter of Chinese EV makers as the Gulf region, known for its oil and gas riches, looks to diversify the economy in preparation for a global transition to green energy. NIO statement ]

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TechCrunch

OCTOBER 31, 2022

Invygo, a startup operating in UAE and Saudi Arabia, has raised $10 million in its Series A funding as it works to scale its car rental service in the region. million to date, Ivan reports. For celebrities of all stripes : Zebra Labs raises $5 million to help Chinese celebrities enter the metaverse, Rita reports.

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TechCrunch

MAY 30, 2022

alone according to reports. SWVL is present in 13 markets globally: the UAE, Egypt, Kenya, Germany, Spain, Italy, Switzerland, Turkey, Japan, Argentina, Saudi Arabia, Jordan and Pakistan. Over 15,000 tech workers have lost their jobs in the U.S. — announced during its SPAC merger — is uncertain.

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TechNode

FEBRUARY 19, 2024

Chinese electric vehicle maker Human Horizons will suspend production for at least six months and furlough its employees in an attempt to keep the company going as it looks for new funding, local media has reported. Aiways, which began exporting EVs to Europe as early as 2020, also suspended production last year, the Financial Times reported.

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The Verge

JULY 9, 2020

and Apollo Global Management was first reported by Reuters. Karma Automotive didn’t disclose who the new investors are, but Bloomberg reports that Wanxiang is looking to sell stakes to US-based private equity firms. Though in the case of Lucid Motors, the startup had to give up majority control to Saudi Arabia.

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The Verge

MAY 15, 2020

Formula E is backed by a consortium of big investors (including Liberty Media and Discovery Communications), and it signed a 10-year deal with Saudi Arabia to perform races there. And Formula E reported losses of €26 million (about $29 million) on €133.4 But it’s not something that arrived out of the blue.

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TechCrunch

OCTOBER 1, 2021

One study conducted in a hospital in Saudi Arabia surveyed 37 families with children who were using eye patches to treat amblyopia. Those results were published in “Scientific Reports.” There’s some evidence that lazy eye treatments are hard to stick with.

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TechCrunch

NOVEMBER 9, 2021

reported that they feel optimistic about the future after the summit. We need to write about a positive and bright future to inspire young generations.” ” In our survey of the SOSV Climate Tech Summit’s attendees, 78.8% Another 15.4% answered “Wait and see,” while a mere 5.8% felt we were all doomed.

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TechCrunch

AUGUST 28, 2022

TC’s Sarah Perez reports that “ PayPal is expanding further into the charitable donations business with its August 25 launch of support for Grant Payments. The goal, it says, is to increase average donation values for nonprofits. It’s not only startups getting in the nonprofit space. Anita Ramaswamy digs in here.

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