Economy
Saudi Arabia Venture Investor Considers Second $500 Million Fund
(Bloomberg) —STV, the venture capital investor that backed a Dubai ride-hailing firm before its sale to Uber Technologies Inc., is considering raising a second fund of at least $500 million.
“I definitely see a path to a second fund that is equal or larger to the $500 million fund we have today,” said Chief Executive Officer Abdulrahman Tarabzouni.
Interest in Middle East technology startups has been rising. Uber bought Careem Networks in March for $3.1 billion, while Amazon.com Inc. purchased Dubai-based online retailer Souq.com in 2017. STV expects venture capital investments in Saudi Arabia alone to grow tenfold by 2025, according to a report Wednesday.
STV started operations in 2017 with funding from Saudi Telecom Co., and ex-Google executive Tarabzouni left Silicon Valley to run it. It has already backed companies including e-commerce firm Mrsool and education app Noon Academy.
Where Heritage Meets Haute Couture: Al Sadaa Haute Couture Transforms the Sultanate’s Fashion Scene
Liva Insurance CEO Hanaa Al Hinai Inspires with Visionary Message at CBFS Omani Women’s Day Celebration
Changan Oman Celebrates Five Years of Success with Exclusive Anniversary Offer
KitchenomiKs Secures Investment of US$3.2M Led by Jasoor Ventures
WLGA Middle East LPG Summit & Expo 2025 to be held at OCEC on November 10 and 11
Sindbad: The Omani Sailor, World Premieres at the Royal Opera House Muscat
Oman Arab Bank Highlights Its Ongoing Strategic Initiatives and Future Plans
President of Botswana Explores Investment Opportunities in Oman
IEA Expects Global Oil Market to Remain Oversupplied in 2026
Madayn Launches Tender for Phase 1 of Al Suwaiq Industrial City
Power And Beyond: The Path To A Low-carbon Future
Al Mouj Muscat unveils Ghadeer Villas
Time to Buy Saudi Stocks? Some Investors Look at Dubai Instead
Retail Abu Dhabi’s ‘Unbox Amazing’ generates sales of more than AED 2 billion in participating stores
Renewables are booming, but not fast enough to cap greenhouse emissions
Hospitality Industry in Oman Estimated 90% Growth in 2022
Saudis Sign Deals From Energy to Metals in Bid to Salvage Forum
Saudi Arabia’s Gold Miner Plans to Be a Global Top-20 Supplier
Technology to drive Sultanate’s downstream industry
Digitization and Logistics Service Providers Can Help SMEs Make the Most of Peak Season Retail Trends
VIDEO: Robert MacLean on how NHI is Shaping Oman’s Next Generation of Hospitality Leaders
The Future of Oman: Decoding The Sultanate of Oman’s Strategic Promotional Nation Brand
EXCLUSIVE: AI, Robotics & Wearable Sensors are Changing the Lives of Dementia Patients
EXCLUSIVE: Talking Renewable Projects & Sustainability in Oman and Beyond with Vipul Tuli
VIDEO: Eng. Salim Al Thuhli, CEO, Khazaen Economic City on Investment Opportunities
H.E. Salim Al Aufi, Minister of Energy & Minerals talks about Oman’s Green Hydrogen Goals
VIDEO: Talking Latest Developments in Aircraft Ground Guidance & More at Oman Airports
VIDEO: Dr. Firas Al-Abduwani Discusses Green Hydrogen, Potential Regions for Development & Creating a Green Ecosystem
VIDEO: Discussing The Future of Green Hydrogen in Oman with H.E. Salim Al Aufi
Celebrating Infoline’s Remarkable 20-Year Journey
-
OER Magazines2 months agoDossier – ToP 25 Personalities 2025
-
Dossier2 months agoArabic Dossier – ToP 25 Personalities 2025
-
Alamaliktistaad Magazines2 months agoAl-iktisaad, August 25
-
OER Magazines2 months agoOER, August 2025
-
Entertainment2 months agoHere’s a Complete Overview of the 2025/2026 Season at the Royal Opera House Muscat
-
News2 months agoSultan Center Unveils Flagship Al Hail Store, Elevating Premium Retail Experience in Oman
-
News2 months agoHONOR, in partnership with MHD-ITICS Debuts at COMEX in Muscat, Expanding Its Presence in the GCC
-
IT2 months agoAI Zone, Digital Triangle Project Unveiled at COMEX 2025