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Saudi Arabia: Nuwa Capital closes 75 percent of its new USD100M flagship fund

( MENAFN )Nuwa Capital ended 75 percent of its new USD100 million flagship fund, with the majority of investors coming from Saudi Arabia. The Nuwa Ventures Fund I (NVFI) set a target to empower major amounts in leading technology startups from across speedily improving markets in the Middle East and North Africa, in addition to neighboring countries like Turkey and Pakistan, and the Sub-Saharan Africa region. Arab News quoted Khaled Talhouni, managing partner of Nuwa Capital as saying that a si...
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Source: menafn.com

Blue-Green Algae Could Help Keep Humans Alive on Mars, Experiment Suggests

16 FEBRUARY 2021 Mars may not have a lot going on at the moment, life-wise, but the dusty red planet may not be as inhospitable as it seems. New experiments have shown that cyanobacteria (aka blue-green algae) can successfully grow in Martian atmospheric conditions.   A few more ingredients are required, of course, but its a significant step towards cyanobacteria-based life support systems for human habitats when we finally make our way over there. "Here we show that cyanobacteria can use gas...
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Steel market shrinks 31 percent in FY2020

KARACHI: Flat steel market sharply shrank 31 percent to 850,000 to 900,000 tons during the last fiscal year due to coronavirus-led lockdown and overall slowdown in economy, although the industry is...
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EU's industrial output in 2020 declines 8 percent

The number declined 8.7 percent in the eurozone in the same period, according to Eurostat. The eurozone/euro area, or EA19, introduces member states that utilize the single currency -- euro -- while the EU27 includes all member countries of the bloc. It further stated that "In December 2020 compared with December 2019, industrial production decreased by 1.6% in the euro area and by 1.2% in the EU." Legal Disclaimer: MENAFN provides the information “as is” without warr...
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Source: menafn.com

Comerica Earns Perfect Score on Corporate Equality Index

(MENAFN - PR Newswire) DALLAS, Feb. 16, 2021 /PRNewswire/ -- For the eighth consecutive year, Comerica Incorporated (NYSE: CMA ) received a perfect 100 percent on the Human Rights Campaign Foundations 2021 Corporate Equality Index (CEI). The CEI recognizes employers who continue to take concrete steps in establishing and implementing comprehensive policies, benefits and practices that ensure greater equity for LGBTQ workers and their families. Comerica Incorporated (NYSE: CMA) received a p...
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Source: menafn.com

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