Saudi Entrepreneurship World Cup contenders fight for $1m prize

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Updated 07 September 2020
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Saudi Entrepreneurship World Cup contenders fight for $1m prize

  • The event will stage panel discussions on entrepreneurship

JEDDAH: Up-and-coming Saudi entrepreneurs will pitch their startups at the second Entrepreneurship World Cup (EWC) KSA national finals.

The winning startup will win a cash prize of $1 million, part of Mohammed bin Salman Foundation (Misk) efforts to support entrepreneurs nationally and globally while they face the challenges of the pandemic.
The EWC is the largest and most diverse global startup pitch competition and provides tools and resources to help entrepreneurs at the idea-stage, early-stage, growth-stage and beyond.

HIGHLIGHT

Panelists will include Misk Foundation CEO, Badr Al-Badr; CEO of Global Entrepreneurship Network Saudi, Amal Dokhan; Careem co-founder, Abdulla Elyas; Saudi Venture Capital Co. CEO, Dr. Nabeel Koshak; and founder of Yatooq (a startup focused on Arabic coffee), Lateefa Al-Waalan.

It is supporting young entrepreneurs in developing their ideas and honing their pitching skills to engage with a global network of mentors through a virtual accelerator program.
Due to the pandemic, this year’s final event, “Overcoming challenges,” presented by the Misk Global Forum and hosted by the Global Entrepreneurship Network and Global Education and Leadership Foundation, will be hosted virtually on Monday when the winning startup will be announced.
The event will stage panel discussions on entrepreneurship, which is seen as an accelerator and contributor to the economy, as well as creating employment, improving standards of living and driving change through innovation.


Saudi Cabinet rejects any attempts to undermine Somalia’s unity and sovereignty

Updated 48 min 9 sec ago
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Saudi Cabinet rejects any attempts to undermine Somalia’s unity and sovereignty

  • Chaired by Saudi Arabia's King Salman, the council of ministers stressed its rejection to any parallel entities that undermine Somalia's unity

DUBAI: The Saudi Cabinet on Tuesday reiterated its support for Somalia's sovereignty and unity, rejecting any attempt to undermine it, the Saudi Press Agency reported. 

The cabinet expressed its support for the outcome of the extraordinary meeting held by the foreign ministers of the member states of the Organization of Islamic Cooperation regarding the situation in Somalia, held in the city of Jeddah.

Chaired by Saudi Arabia's King Salman, the council of ministers stressed its rejection to any parallel entities that undermine Somalia's unity. 

It said the Kingdom rejected any “parallel entities that conflict with the unity of Somalia and the integrity of its territories, as well as any attempts to divide or interfere with its sovereignty.”