Top 5: Most promising Saudi Arabian start-ups
Saudi Arabia is full of innovative starter companies looking to grow into the next industry game changer. Here is a roundup of five of the best out there at the moment.
FalconViz is a 3D aerial survey and mapping tool. The company was founded in 2015 by Anas Dahlawi, Neil Smith, Luca Passone and Mohamed Shalaby and has over $1.1 million in funding. The company is in the technology sector.
The business received a grant from KAUST Innovation Fund and has other investors such as Saudi Aramco's Wa'ed.
Morni is an on-demand roadside assistance firm. The company was founded in 2014 by Salman Al-Suhaibaney and has over $1.1 million in funding. The company is in the services sector.
Morni is an interactive service that delivers roadside assistance in Saudi Arabia through a smart phone app. Morni presently offers its services to both individuals and businesses.
The app is 100 percent free and offers services for towing, battery service and replacement, tire change and repair and gas/fuel delivery.
The app has been features in The New York Times, Forbes Middle East, the Pan Arab Web Awards Academy and many more.
3. C3 Films
C3 Films is a media production company. The business is completely self-funded and was founded in 2011 by Alaa Yoosef Faden and Ali Kalthami. The company is in the media sector.
UTURN is a media production company and the leading Arabic entertainment network on YouTube. The business was founded in 2010 by Kaswara Al-Khatib in Jeddah, Saudi Arabia and has over $10 million in funding. UTURN creates top content with the intention to promote Arabic content worldwide. The company is in the media sector.
The company operates its YouTube channels through the Entertainment, Vlogging, Kids, Gaming and Lifestyle sections.
“We create original and innovative standalone videos for your brand with a wide distribution strategy to maximise reach across our network” – UTURN website.
- More than 33 million followers
- Had over 2 billion views in its lifetime
- 50+ YouTube channels
- More than 10 billion minutes of content that has been viewed in the company’s lifetime
- More than 102 million views each month
Investors include Leap Ventures.
The company has won a multitude of awards from Forbes, Arabian Business and many more.
PayTabs is an online payment processing tool. The company was founded in 2013 by Abdulaziz Fahad Aljouf and has over $16.5 million in funding. The company is in the financial services sector.
The company also has a blog (available to view through its website) that talks about what the business is achieving.
G7 Summit guide: What it is and what leaders hope to achieve
Unless you’ve had your head buried in the sand, you’ll have seen the term ‘G7’ plastered all over the Internet this week. We’re going to give you the skinny on exactly what the G7 is and what its purpose on this planet is ─ and whether it’s a good or a bad collaboration.
Who are the G7?
The Group of Seven, or ‘G7’, may sound like a collective of pirate lords from a certain Disney smash-hit, but in reality, it’s a group of the world’s seven largest “advanced” economies ─ the powerhouses of the world, if you like.
The merry band comprises:
- The United Kingdom
- The United States
Historically, Russia was a member of the then-called ‘G8’ but found itself excluded after their ever-so-slightly illegal takeover of Crimea back in 2014.
Since 1977, the European Union has also been involved in some capacity with the G7 Summit. The Union is not recognised as an official member, but gradually, as with all Europe-linked affairs, the Union has integrated itself into the conversation and is now included in all political discussions on the annual summit agenda.
When was the ‘G’ formed?
Back in 1975, when the world was reeling from its very first oil shock and the subsequent financial fallout that came with it, the heads of state and government from six of the leading industrial countries had a face-to-face meeting at the Chateau de Rambouillet to discuss the global economy, its trajectory, and what they could do to address the economic turmoil that reared its ugly head throughout the 70s.
Why does the G7 exist?
At this very first summit ─ the ‘G6’ summit ─, the leaders adopted a 15-point communiqué, the Declaration of Rambouillet, and agreed to continuously meet once a year moving forward to address the problems of the day, with a rotating Presidency. One year later, Canada was welcomed into the fold, and the ‘G6’ became seven and has remained so ever since ─ Russia’s inclusion and exclusion not counted.
The group, as previously mentioned, was born in the looming shadow of a financial crisis, but its purpose is more significant than just economics. When leaders from the group meet, they discuss and exchange ideas on a broad range of issues, including injustice around the world, geopolitical matters, security, and sustainability.
It’s worth noting that, while the G7 may be made up of mighty nations, the bloc is an informal one. So, although it is considered an important annual event, declarations made during the summit are not legally binding. That said, they are still very influential and worth taking note of because it indicates the ambitions and outlines the initiatives of these particularly prominent leading nations.
Where is the 2021 G7 summit?
This year, the summit will be held in the United Kingdom deep in the southwest of England, with Prime Minister Boris Johnson hosting his contemporaries in the quaint Cornish resort of Carbis Bay near St Ives in Cornwall.
What will be discussed this year?
After almost two years of remote communication, this will be the first in-person G7 summit since the novel Coronavirus first took hold of the globe, and Britain wants “leaders to seize the opportunity to build back better from coronavirus, uniting to make the future fairer, greener, and more prosperous.”
The three-day summit, running from Friday to Sunday, will see the seven leaders discussing a whole host of shared challenges, ranging from the pandemic and vaccine development and distribution to the ongoing global fight against climate change through the implementation of sustainable norms and values.
According to the UK government, the attendees will also be taking a look at “ensuring that people everywhere can benefit from open trade, technological change, and scientific discovery.”