STV Announces Final Close of US$100 Million STV NICE Fund I to Support Saudi Startups

STV has closed its US$100 million STV NICE Fund I, a non-dilutive capital fund aimed at supporting Saudi Arabia’s tech startups. The fund offers Sharia-compliant financing, allowing growth-stage companies to scale without equity dilution. Backed by public-private partnerships, it aligns with Saudi Arabia’s Vision 2030 economic diversification efforts.

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Saudi Arabia Joins ITU Digital Regulation Network Board, Strengthening Global Leadership in Digital Transformation

Saudi Arabia has been appointed to the ITU Digital Regulation Network Board, with Eng. Omar Alrejraje representing the Kingdom. This highlights Saudi Arabia’s global leadership in digital regulatory readiness and its significant role in shaping international digital transformation. The Kingdom continues to strengthen its influence in the global communications sector.

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ARY Digital Network and Paklaunch Form Strategic Alliance to Boost Pakistan’s Tech Ecosystem

ARY Digital Network and Paklaunch have partnered to accelerate innovation and entrepreneurship in Pakistan’s tech ecosystem. The alliance aims to connect local startups with global investors, providing them with national visibility and support for scaling. This collaboration supports Paklaunch’s Vision 2030 to make Pakistan a top global tech ecosystem.

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