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CAIRO: Startups in Egypt have started to gain momentum with several ventures securing funding to boost expansion efforts to the Kingdom.  Following a period of startup funding stagnation, Egyptian founders have made their way back to the regional venture capital space with a flurry of investment deals and expansion strategies already in place.  Egyptian fintech startup Waffarha has secured a...

RIYADH: Dutch-based automobile manufacturing corporation Stellantis is planning to expand its product range in Saudi Arabia by introducing smart cars and light commercial vehicles into the market, an official has revealed.  In an interview with Arab News, Samir Cherfan, chief operating officer of Stellantis in the Middle East and Africa, said that the company’s Dare Forward 2030 plan aims to...

Foreign exchange reserves also include India's reserve tranche position in the International Monetary Fund.

ALULA: Saudi Arabia, the UAE and Qatar provided the big winners on Day 2 of the second annual AlUla Camel Cup. Held in unseasonably hot conditions, Thursday’s competition consisted of two 5 km categories, the Hagayeg and the Lagaya, with two races run in each. Saudi Arabia’s Minister of Interior Prince Abdulaziz bin Saud bin Naif won the first Hagayeg...

Rakshit Choudhary promoted to co-CEO, partnering with Founder and CEO Jean-Yves Sireau. ...