Third edition of Misk 500 Accelerator Program launched

Updated 30 November 2019

Third edition of Misk 500 Accelerator Program launched

  • It includes a series of workshops and training sessions

RIYADH: The Initiatives Center at the Prince Mohammed bin Salman bin Abdul Aziz (Misk) announced the launching of the third edition of Misk 500 Accelerator Program to serve and support promising businesses in the MENA region as part of its efforts to support entrepreneurship.
Misk 500 is organized in partnership with “500 Startups,” an early-stage venture fund that includes the best capital firms to stimulate the emerging businesses sector and empower entrepreneurs.
The accelerator presents an integrated support program for entrepreneurs under the supervision of a group of international mentors and experts.
It includes a series of workshops and training sessions, during which experts will closely work with participants to identify the strong points and elements of success of their projects, develop them and strengthen them so they can overcome the difficulties and obstacles they might face in their early stages.
All projects participating in Misk 500 will receive SR187,000 ($50,000) as long as they meet the necessary conditions such as having a qualified team to manage the projects and having a product in technology or a related field ready to be introduced to the market.


Saudi’s King Salman, Crown Prince send letters to COVID-positive Algerian president

Updated 30 October 2020

Saudi’s King Salman, Crown Prince send letters to COVID-positive Algerian president

  • The two royals sent the messages to Abdelmadjid Tebboune after he was hospitalized in Germany
  • Tebboune is said to be in a stable condition after undergoing medical tests

DUBAI: Saudi Arabia’s King Salman and Crown Prince Mohammed Bin Salman sent letters to the Algerian president after he tested positive with the coronavirus, state news agency SPA reported.
The two royals sent the messages to Abdelmadjid Tebboune after he was hospitalized in Germany, wishing him a speedy recovery.
Tebboune is said to be in a stable condition after undergoing medical tests, officials said Thursday, days after suspected coronavirus cases were reported among his aides.
The 74-year-old president, was transferred Wednesday to Germany from an Algerian hospital.
Representatives from his office said: “The medical team says that the results of the tests are reassuring.”
The president “has begun to receive the adequate treatment,” it said, without giving further details.
Tebboune’s transfer to Germany came after officials on Saturday said he had “voluntarily” gone into self-isolation for five days amid reports several officials in the presidency and government had contracted the Covid-19 disease.
On Tuesday, Tebboune, a heavy smoker, was admitted into a “specialized care unit” in a military hospital in Algeria’s capital.
His hospitalization comes ahead of a referendum to be held Sunday on constitutional reforms that the government hope will satisfy a protest movement. The vote is a flagship initiative of Tebboune.
Algeria has seen a resurgence in novel coronavirus cases in recent weeks.
More than 57,300 infections have been recorded in the country of 44 million, including 1,949 deaths.
(with agencies)