Techstars, MCIT, RAED Ventures and Saudi National Bank announce the continuation of the Riyadh Techstars Accelerator
- Date: 26-Jan-2023
- Source: Zawya
- Sector:Technology
- Country:Saudi Arabia
Techstars, MCIT, RAED Ventures and Saudi National Bank announce the continuation of the Riyadh Techstars Accelerator
(BUSINESS WIRE)--Techstars, one of the largest pre-seed investors in the world, in collaboration with the Ministry of Communications and Information Technology of the Kingdom of Saudi Arabia (MCIT), RAED Ventures and Saudi National Bank (SNB) today announce a new partnership to continue The Riyadh Techstars Accelerator. As a part of Saudi Arabia's emerging entrepreneurial ecosystem, the accelerator will work with startups and their founders on building and growing businesses in the Middle East and North Africa. The continuation of this program underscores Techstars’ commitment to making innovation and entrepreneurship more accessible and inclusive for entrepreneurs no matter where they operate around the world.
The Riyadh Techstars Accelerator is now accepting applications and is focused on attracting both Saudi-based entrepreneurs and startups from across the Middle East to pave the way for future innovation in the region’s digital economy. Vijay Tirathrai is the Managing Director of Techstars Riyadh which completed its first program in February 2022, investing in 11 portfolio companies including Torod – an API based, e-commerce enabler.
Faisal Al-Maklas, the CEO and Co-Founder of Torod, described: “The Techstars program was a game changer for us. It has made us all more tenacious, ambitious, and it has shifted our mindset in areas
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The crisis at Credit Suisse quickly deepened after its top investor, Saudi National Bank, ruled out further assistance, showcasing the outsize influence that Middle Eastern funds wield in the global financial market.
https://s.nikkei.com/3K3U0DJ
Die Crédit Suisse machte gern Geschäfte mit zweifelhaften Kunden wie dem Saudi-Diktator &Hintermann des Kaschoggi-Mordes Prinz Salman.
Sie ließ sich auch gern von Salman-Getreuen zu für sie „ausgezeichnetem Renditepotenzial“ bei Pleite-Risiko finanzieren:
https://www.manager-magazin.de/unternehmen/banken/credit-suisse-wer-ist-die-saudi-national-bank-die-das-beben-ausloeste-a-c5bb1555-b113-4a54-bf93-59f41e7ebd68?dicbo=v2-5PY0qSB
Saudi National Bank loses more than $1 billion on Credit Suisse
Signage for Credit Suisse Group AG outs...
https://globalcourant.com/saudi-national-bank-loses-more-than-1-billion-on-credit-suisse/?feed_id=4518&_unique_id=641dfa3a87c63
Saudi National Bank loses over $1 billion on Credit Suisse investment http://newrez.social/LBo0KSBW
"With footloose petrodollars, every story is an oil story." @kmac & @70sBachchan on "outsourcing the energy transition to the Gulf" (and on what the Credit Suisse meltdown has to do with the Saudi National Bank.)
As recent IEA forecasts signal the end of the #oil era, the threat to oil sales has become existential. "Everyone wants to sell the last barrel of oil, but no one wants to pay much for the privilege of doing so," write @kmac & @70sBachchan.
https://www.phenomenalworld.org/analysis/stranded-countries-and-stranded-assets/
Saudi National Bank Should Invest in Bangladesh.
#SaudiArabia
#Bangladesh
مدرس خصوصي لاختبار بنك الاهلي (Saudi National Bank) للجامعيين SHL اكتب رقمك تحت التغريده و اتواصل معك! #Numerical #inductive #Verbal #Aramco_SHL #الخبر #الدمام #الرياض #بنك_الاهلي_SHL ✍🏼
"With footloose petrodollars, every story is an oil story. Take the Credit Suisse meltdown... the proximate cause was the Saudi National Bank refusal to double down on its investment in the troubled Swiss bank."
https://www.phenomenalworld.org/analysis/stranded-countries-and-stranded-assets/
@70sBachchan
#KefiGold makes significant progress in #Ethiopia, Saudi Arabia https://www.sharecast.com/news/aim-bulletin/kefi-gold-makes-significant-progress-in-ethiopia-saudi-arabia--12759426.html "TKGM was now expected to resolve all outstanding issues with the #Ethiopian Ministry of Mines, the National Bank of Ethiopia, & the other government ministries & agencies in the coming weeks"
½ The #Saudi National Bank chairman, Ammar Al #Khudairy and Scott #Miller, #USAmbassador to #Switzerland, made statements in the same week that brought #CreditSuisse to its knees.
Thesis: This was a joint action against Swiss policy and the relationship between Switzerland and
Saudi National Bank loses over $1 billion on Credit Suisse investment
https://news69.info/saudi-national-bank-loses-over-1-billion-on-credit-suisse-investment/?feed_id=30580&_unique_id=641c8e541d2b0
Saudi Crown Prince Mohammed bin Salman last year directed government-backed Saudi National Bank to make a $1.5 billion investment in Credit Suisse that his financial advisers had doubts about https://www.wsj.com/articles/credit-suisse-collapse-burns-saudi-investors-3f096a07
Someone should really check the hitrate of the Saudi National Bank when it comes to making investments, I'm trynna see something...
Hearing they wanna put money into SpaceX now.
Now the #E_Payment_Service from the #Saudi_National_Bank without setup fees and without monthly fees on the occasion of #Ramadan
Register Now
https://alah.li/3LDfeJO
مدرس خصوصي لاختبار بنك الاهلي (Saudi National Bank) للجامعيين SHL اكتب رقمك تحت التغريده و اتواصل معك! #Numerical #inductive #Verbal #Aramco_SHL #الخبر #الدمام #الرياض #بنك_الاهلي_SHL ✍🏼
Saudi National Bank said it has hit a loss of almost 80 percent on its Credit Suisse investment.
A perfect way to start the day with a summary of major #tadawul #tasi #saudi_stocks and regional market news and actions by clicking here https://bit.ly/3TARg3E
#Saudi_National_Bank
Imagine being the Saudi National Bank.
In October it invested US$1.5bn for a 9.9% stake in Credit Suisse.
It surely did it on the premise that Switzerland is one of the safest jurisdictions for foreign investors.
Wrong assumption my frens, with dire consequences:
Not the news that would make #LIV lively @GolfChannel @chambleebrandel SNB is majority owned by PIF.
https://www.reuters.com/world/middle-east/saudi-national-bank-strategy-unaffected-by-hit-credit-suisse-investment-2023-03-20/
El Saudi National Bank, la entidad más grande de Arabia Saudí, ha perdido el 80% del dinero que puso
https://elpais.com/economia/2023-03-22/la-ruinosa-inversion-saudi-en-credit-suisse-1000-millones-evaporados-en-solo-cinco-meses.html?utm_medium=Social&utm_campaign=echobox&utm_source=Twitter&ssm=TW_CM_AME#Echobox=1679510713
Credit Suisse Collapse Burns Investors
Saudi Crown Prince Mohammed bin Salman last year directed government-backed Saudi National Bank to make a $1.5 billion investment in Credit Suisse. The meltdown also erased billions of dollars in investments made by Qatar’s sovereign fund
brao momcovi ko god ovo vodi: Credit Suisse Collapse Burns Saudi Investors
Saudi Crown Prince Mohammed bin Salman last year directed government-backed Saudi National Bank to make a $1.5 billion investment in Credit Suisse that his financial advisers harbored
China's Export-Import Bank (China Exim) has a loan agreement in RMB Yuan with the Saudi National Bank, the largest bank in Saudi Arabia.
The RMB funds will be the preferred payment settlement for trade between China and Saudi Arabia.
1/
https://www.middleeastbriefing.com/news/saudi-national-bank-partners-with-china-exim-bank-in-rmb-yuan-loans/
مدرس خصوصي لاختبار بنك الاهلي (Saudi National Bank) للجامعيين SHL اكتب رقمك تحت التغريده و اتواصل معك! #Numerical #inductive #Verbal #Aramco_SHL #الخبر #الدمام #الرياض #بنك_الاهلي_SHL ✍🏼
#creditsuisse "Saudi National Bank, the majority shareholder of Credit Suisse, announced that it would not invest more money in the bank." - All setup by the media to fear away C.S. clients. - As we already knew Saudi didn't want to go above the 10% so useless question but evil
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