Misk concludes 2nd accelerator program

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Closing ceremonies of the Misk 500 Accelerator program. (Supplied)
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Misk 500 Accelerator participants join a souvenir photo session at the close of the program. (supplied)
Updated 05 December 2019

Misk concludes 2nd accelerator program

  • Misk has launched several programs to encourage Saudis to hone their talents and contribute to the economy of the Kingdom

RIYADH: The initiatives center at the Prince Mohammed bin Salman bin Abdul Aziz Foundation (Misk) concluded the second edition of its Misk 500 Accelerator on Tuesday.

The accelerator was organized by the Misk Innovation Initiative to encourage startups, empower entrepreneurs, and to serve and support promising businesses in the Middle East and North Africa (MENA) region. It included a three-month integrated support program for entrepreneurs, supervised by a group of mentors and international experts, with a series of workshops and training sessions, under which people discovered the strengths and weaknesses in their projects.

All those who joined the program will receive SR187,000 ($50,000), provided that their project met the preconditions of having a qualified team and a product in the field of technology or other related area ready to market. The Misk Innovation Initiative aims to raise the level of professional qualification and skills for young people, enabling them to create successful projects.

Misk has launched several programs to encourage Saudis to hone their talents and contribute to the economy of the Kingdom. One of those initiatives was launched on Tuesday in partnership with the Qiddiya Investment Co. The program will run for 28 weeks, and will provide trainees with an opportunity to work alongside senior team members in many fields, preparing them for large-scale uplift projects. 


Saudi Cabinet voices support for the territorial sovereignty of Cyprus

King Salman chairs the Cabinet session on Tuesday. The meeting reviewed the Kingdom’s economic progress. (SPA)
Updated 22 January 2020

Saudi Cabinet voices support for the territorial sovereignty of Cyprus

  • Kingdom calls for security to be maintained in the region

RIYADH: Saudi Arabia has voiced its support for Cyprus’ territorial sovereignty amid growing tensions following the discovery of oil and gas reserves in the eastern Mediterranean.

The Saudi Cabinet, chaired by King Salman, on Tuesday said it was watching developments in the eastern Mediterranean “with great interest,” and called for security and stability to be maintained in the region.
The Cabinet also reviewed the Kingdom’s progress among 190 economies in the World Bank’s Women, Business and the Law 2020 report, which placed it first among GCC countries and second in the Arab world on legislative reforms relating to women.
Saudi Arabia’s Vision 2030 program supports the implementation of reforms that enhance women’s role in economic development, raising the Kingdom’s competitiveness regionally and globally.
Minister of Media Turki bin Abdullah Al-Shabanah said the Cabinet reviewed several reports on developments in regional and international arenas.
The Cabinet reiterated the Kingdom’s assertion during the fourth session of the Arab Parliament in Cairo that its policy is based on the principles of peaceful coexistence and good neighborliness, full respect for the sovereignty and independence of states, noninterference in their internal affairs, and its belief that these principles are capable of resolving all conflicts, foremost the Arab-Israeli conflict.

HIGHLIGHT

The Cabinet reviewed efforts to promote political solutions to crises in Syria, Yemen, Libya and Sudan, calling on all to take action to address destabilizing foreign threats and interventions.

The Cabinet also reviewed efforts to promote political solutions to crises in Syria, Yemen, Libya and Sudan, calling on all to take action to address destabilizing foreign threats and interventions and to “move forward toward the aspirations of security, stability and development of Arab countries and their peoples.”
On regional affairs, the Cabinet condemned an attack on a military site in Niger, the bombing of a security checkpoint and a tax collection center in Somalia, and the terrorist strike by Houthi militia on a mosque in the Marib governorate, which resulted in dozens of deaths and injuries.
The Cabinet session also authorized the minister of foreign affairs or his deputy to sign a draft protocol on establishing diplomatic relations between Saudi Arabia and Zimbabwe.
An agreement on social development between the the Kingdom and Tunisia was also approved along with a memorandum of understanding for scientific and technical cooperation with Spain.
The Cabinet also approved an agreement for scientific and geological cooperation between the Saudi Geological Survey and the Russian State Geological Company.