Rasmal Press Room, Author at Rasmal

Electric car plugged into charger, showcasing Saudi-Egyptian Alliance for EV Production

Saudi’s WAJA Co. partners with Egypt’s Arab Organization for Industrialization to produce Electric Vehicles

April 22, 2024

WAJA Co. and Arab Organization for Industrialization establish an EV joint venture in Egypt, capitalizing on the growing market. Saudi...

Various honey jars showcased at a Saudi market

Saudi Arabia Invests $37 Million to Expand Honey Production

byRasmal Press Room

April 20, 2024

Saudi Arabia allocates $37 million to boost the honey sector, benefiting over 10,580 individuals in rural areas. Honey production in...

Egyptian podcast company “The Potcast Productions” secures undisclosed early funding via Shark Tank Program

byRasmal Press Room

April 19, 2024

TPP, an Egypt-based podcast production company, secured early financing through Shark Tank, facilitated by Dina Ghabbour, marking a pivotal moment...

Beltone Venture Capital partners up with CI Venture Capital, investing $30M in MENA startups

Beltone and CI Venture Capital Partner to Power MENA Startups

byRasmal Press Room

April 18, 2024

Beltone Venture Capital (BVC) partners with CI Venture Capital to manage a $30 million fund for MENA startups. The Fund...

NEOM plans a SAR 5 billion sukuk sale for $1.3 billion, scaling back The Line development, reflecting revised objectives.

Bloomberg reports that Saudi Arabia’s NEOM plans to raise $1.3 billion from its first-ever sukuk sale

byRasmal Press Room

April 18, 2024

NEOM plans to raise SAR 5 billion through its inaugural sukuk sale to support $1.5 trillion construction projects. HSBC Holdings,...

Microsoft Announces Strategic Investment in G42 to Advance AI Solutions Globally

Microsoft invests $1.5 billion in UAE’s G42, securing a minority stake in the company

byRasmal Press Room

April 17, 2024

Microsoft and G42 collaborate to deliver advanced AI solutions across the Middle East, Central Asia, and Africa using Microsoft Azure....

U-topia Raises $850K for Web3 Entertainment Platform

GDA Capital invests $850,000 in U-topia, pioneering Web3 entertainment with integrated IPs, NFTs, and retailer perks

byRasmal Press Room

April 17, 2024

GDA Capital invests $850,000 in U-topia, backing its innovative approach to blockchain-based IP licensing. U-topia pioneers Web3 entertainment, combining GameFi,...

Penny Software secures Pre-Series A funding, poised for global expansion

byRasmal Press Room

April 16, 2024

Penny Software secures substantial Pre-Series A funding from prominent investors, including Iliad Partners, GSI, and Knollwood Investments. Existing investors, such...