As Saudi Arabia goes on defense investment spree, Israeli industry in a restricted location

DUBAI, UNITED ARAB EMIRATES – NOVEMBER 14: Boeing reveals off model displays of their army tools to a delegation from Saudi Arabia at the Dubai Airshow 2021 on November 14, 2021 in Dubai, United Arab Emirates. (Picture by Andrea DiCenzo/Getty Images)

TEL AVIV — Israel is going through a dilemma. Saudi Arabia is investing greatly in its defense sector, eyeing valuable bargains directly with foreign corporations or that involve global partnerships.

But Jerusalem, which recently normalized relations with some Gulf nations but not the Kingdom, is currently being left out, a lot to the chagrin of some Israeli protection companies

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Sequoia will make Gulf debut with $33 million expenditure in Saudi fintech

DUBAI, United Arab Emirates — Saudi fintech start out-up Lean Systems has received a $33 million Series A spherical funding injection from Sequoia Capital India, marking the firm’s to start with foray into investing in the Arab Gulf area.

Sequoia Capital India’s fund is in the same spouse and children as U.S.-based venture capital big Sequoia, which has beforehand backed Google and Stripe. Its fund is independent, even so, and its money motivation to the Saudi fintech’s Collection A round is joined by other worldwide traders together with New York-primarily based Liberty City Ventures and previous Basic Electric powered CEO

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