Saudi Arabia to Host First-Ever Esports World Cup with $60 Million Bonanza
Saudi Arabia is set to make a significant mark on the global gaming industry this summer by hosting the inaugural Esports World Cup 2024 in Riyadh. Saudi Arabia is set…
Government Seeks Third Restructuring of $400 Million HEDP Project
The Pakistani government has once again approached the World Bank for the restructuring of the Higher Education Development in Pakistan (HEDP) project. In a bid to ensure the completion of…
Easier Funding for Pakistani Startups: Ignite Streamlines VC Investment
PSF disburses funds in proportion to the Venture Capitalists’ investment tranche, offering 10-30 percent of the total investment in a funding round as equity-free capital or a grant. In a…
55 Projects Get Green Light as OPEC Fund Commits $1.7 Billion Globally
In a groundbreaking move toward sustainable development, the OPEC Fund for International Development invested a substantial $1.7 billion in 55 projects globally in 2023. In a groundbreaking move toward sustainable…
Pakistani Startups Hit Hard: 2023 Funding Crashes 77%
Pakistan’s startup funding faced a challenging year in 2023, with startup investments plummeting to $75.6 million, marking a substantial 77.2% year-on-year decline. Pakistan’s startup funding faced a challenging year in…
Pakistani Fintech Startup Earns Spot Among UAE’s Future 100 Companies
An innovative financial technology startup called Abhi has achieved a major milestone for the fintech scene in Pakistan by being listed in the prestigious Future 100 companies of UAE. An…
Brazil Allocates $65 Million from Amazon Fund To Combat Deforestation
Brazil’s National Development Bank (BNDES) has granted 318 million reais ($65 million) from the $1.3 billion Amazon Fund. Brazil’s National Development Bank (BNDES) has granted 318 million reais ($65 million)…
Transforming Pakistan’s Education Sector: Leveraging 21 Billion Rupees For Progress
Pakistan’s education system needs a comprehensive reassessment, given stark financial contrast between UK’s 21 billion rupee earnings from Pakistani students taking Cambridge Board exams and Pakistan’s own six-billion-rupee higher education…
DTCC Invests $50 Million in Blockchain Startup Securrency
CEO of DTCC emphasized the potential impact of this acquisition on the issuance of financial instruments, particularly exchange-traded funds (ETFs), on blockchain platforms. The Depository Trust & Clearing Corp. (DTCC)…
EU Mobilizes 260 Million Euros To Protect Amazon Rainforest
The Global Gateway project, launched by the EU in July, commits to investing 45 billion euros in Latin America by 2027. The European Union has stepped up to support a…
MIT Global Seed Funds Foster International Research
During 2022-23 GSF funding cycle, an impressive 168 proposals were submitted, underscoring widespread enthusiasm and dedication of faculty and research scientists across the Institute. In an era of global interconnectivity,…
500 Global Closes $143M Fund To Boost Southeast Asia Startups
The fund aims to support a total of 100 startups across pre-seed, seed, and Series A stages, offering initial investments ranging from $250,000 to $500,000. Venture firm and seed accelerator,…