Stitch Series A: a16z Backs Saudi Banking Stack With $25M
Stitch Series A saw a16z lead a $25 million round for Riyadh-based Stitch to fund product development and MENA expansion.
Stitch Series A saw a16z lead a $25 million round for Riyadh-based Stitch to fund product development and MENA expansion.
The U.S. has suspended a key naval operation in the Strait of Hormuz, a move aimed at fostering a peace deal with Iran that has rattled regional allies.
Saudi Arabia is turning to domestic lenders to finance its largest quarterly deficit since 2018, a gap driven by a major surge in government spending.
Saudi Arabia's PIF is expanding its China investment strategy with a new Shanghai office, aiming to attract Chinese capital into the Kingdom.
Wartime chokepoints are overhauling Mideast logistics, with Syria and Saudi Arabia emerging as pivotal overland transit hubs for critical regional trade.
The OPEC+ alliance will modestly increase oil production in June, a decision overshadowed by the UAE's recent exit and independent energy strategy.
Saudi Arabia’s Public Investment Fund reportedly plans to end its LIV Golf funding, signaling a pivotal moment of change for the professional sport.
U.S. AWACS E-3 Sentry was reported destroyed in an Iranian strike at Prince Sultan Air Base, with at least ten injured and a tanker damaged.
Pakistan hosts foreign ministers Monday as Iran misses a deadline to answer a 15-point U.S. cease-fire plan, raising regional uncertainty.
Middle East tensions escalated this week with Israeli strikes in Lebanon, Saudi missile interceptions, and an Iranian retaliation vow.