saudi arabia

Saudi VC Firm Hires Google Exec To Grow Tech Unicorns
Saudi VC Firm Hires Google Exec To Grow Tech Unicorns
February 09, 2020  |  Investments

Saudi Arabia’s STV, one of the country’s largest venture capital firms, has enlisted the help of a Google employee, Ivan Jakovljevic, with the hope of boosting...

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Ex-Uber CEO Kalanick’s Startup Lands $400M From Saudi Fund
Ex-Uber CEO Kalanick’s Startup Lands $400M From Saudi Fund
November 07, 2019  |  Investments

CloudKitchens, the delivery startup founded by former Uber CEO Travis Kalanick, has received a $400 million investment from Saudi Arabia’s Public Investment Fund (PIF), according...

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SoftBank Head To Push New Tech Fund At Saudi Investment Conference
SoftBank Head To Push New Tech Fund At Saudi Investment Conference
October 24, 2019  |  Investments

SoftBank Founder and CEO Masayoshi Son is participating in an annual three-day investment forum in Saudi Arabia at the Ritz-Carlton in Riyadh from Oct. 29-31,...

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SoftBank To Unveil New Vision Fund To Boost Global Tech Investments
SoftBank To Unveil New Vision Fund To Boost Global Tech Investments
July 23, 2019  |  Investments

Japan’s SoftBank is going to launch a second investment vehicle based on its mega popular $100 billion Vision Fund, according to a report by The...

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Saudi Arabia Launches Invoice-To-Pay Portal
Saudi Arabia Launches Invoice-To-Pay Portal
July 02, 2019  |  B2B Payments

Saudi Arabia is introducing an eInvoicing and electronic payments platform designed to digitize government and business payments to suppliers. Reports in the Saudi Gazette on...

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Vocalink Brings Real-Time Payments To Saudi Arabia
Vocalink Brings Real-Time Payments To Saudi Arabia
April 25, 2019  |  B2B Payments

Vocalink is teaming up with Saudi Payments to launch real-time payments in Saudi Arabia, reports in Thomson Reuters Zawya said Thursday (April 26). A press...

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European Commission To Create New AML Blacklist
European Commission To Create New AML Blacklist
March 10, 2019  |  AML

The European Commission vowed to compile a new list of countries that present a money laundering risk by summer as it steps up its fight...

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PG&E Bankruptcy Plans May Hit Suppliers, Too
PG&E Bankruptcy Plans May Hit Suppliers, Too
February 04, 2019  |  B2B Payments

The ripple effects of PG&E’s bankruptcy may hit billions of dollars in outstanding supplier contracts as renegotiations loom. Elsewhere, Saudi Arabia is spotlighted amid late payments...

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US Firms Claim Delayed Payments From Saudi Arabia
US Firms Claim Delayed Payments From Saudi Arabia
February 01, 2019  |  B2B Payments

U.S. suppliers are growing more vocal about what they have said are lengthy payment terms from government customers in Saudi Arabia, recent reports in The Wall...

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