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FINANCIAL NEWS
Saudi Arabia funds USD 119.8mn to help digital projects
26 Dec 2015
(MENAFN) Saudi Arabia recently launched USD 119.8mn venture capital fund in order to finance entrepreneurial digital initiatives and projects in the Kingdom.
This fund is one of many measures KACST has taken to encourage entrepreneurship and innovation to transform Saudi economy.
Additionally, the fund is an outcome of more three years of constant efforts, talks and negotiations that reached to a strategic elaboration.
Moreover, it will target the technological and innovative projects that have the potential to yield financial outcomes as this will be the major criteria.
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As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
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