Saudi Arabian venture capital firms are pressing ahead with fundraising and deployment as they navigate disruptions from the regional conflict. Riyadh-based Khwarizmi Ventures has secured more than $70 million for the first close of its second fund and has already begun investing, Managing Partner Abdulaziz Al-Turki said. Sadu Capital is targeting a roughly $70 million fund of its own this year, a...
Saudi Arabian venture capital firms are pressing ahead with fundraising and deployment as they navigate disruptions from the regional conflict. Riyadh-based Khwarizmi Ventures has secured more than $70 million for the first close of its second fund and has already begun investing, Managing Partner Abdulaziz Al-Turki said. Sadu Capital is targeting a roughly $70 million fund of its own this year, according to Managing Director Salem Washeely . The plans come amid a tentative ceasefire in the Iran war, which saw Tehran target assets in Arab states across the Persian Gulf in retaliation for US-Israeli strikes that began in February. The conflict roiled global energy markets, and Saudi Arabia’s quarterly economic growth slowed to its lowest pace since mid-2024. The turbulence has also filtered through to venture capital firms. Startup funding in the Middle East and North Africa was flat year-on-year at $799 million in the first quarter, according to data platform Magnitt, as international investor participation slowed. Against that backdrop, local firms are stepping in to fill the gap left by foreign investors. Government-backed funds including Saudi Venture Capital Co. and Jada Fund of Funds — as well as family offices and domestic institutions, are increasing support for startups. The move aligns with Saudi Arabia’s broader effort to expand venture capital and startup funding as part of the Vision 2030 economic diversification agenda. Read more: Saudi Wealth Fund Unit to Plow More Cash Into Private Credit The investor base of Khwarizmi, which has $150 million in assets under management, is largely domestic, with institutions, family offices and high-net-worth individuals accounting for most commitments. Government-linked entities make up about a third, Al-Turki said, underscoring a broader shift toward local capital. “What was more theoretical five years ago is clearly becoming the reality.” Sadu, which is targeting $100 million in assets under management by year-end,...
KELOWNA, BC / ACCESS Newswire / May 6, 2026 / TOTAL TELCOM INC. (TSX Venture:TTZ) announced today its wholly owned subsidiary ROM Communications Inc has been awarded a contract valued at an estimated $150,000.00 to develop and supply a real-time vehicle ...
KELOWNA, BC / ACCESS Newswire / May 6, 2026 / TOTAL TELCOM INC. (TSX Venture:TTZ) announced today its wholly owned subsidiary ROM Communications Inc has been awarded a contract valued at an estimated $150,000.00 to develop and supply a real-time vehicle ...
This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated December 9, 2024 to Fortis' short form base shelf prospectus dated December 9, 2024.
This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated December 9, 2024 to Fortis' short form base shelf prospectus dated December 9, 2024.
CALGARY, Alberta, May 06, 2026 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its first-quarter 2026 financial and operating results. In the quarter, the company generated approximately $3.4 billion of adjusted funds flow and $2.2 billion of free funds flow. Operating results in the quarter included Upstream production of 972,100 barrels of oil equivalent per day (B...
CALGARY, Alberta, May 06, 2026 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its first-quarter 2026 financial and operating results. In the quarter, the company generated approximately $3.4 billion of adjusted funds flow and $2.2 billion of free funds flow. Operating results in the quarter included Upstream production of 972,100 barrels of oil equivalent per day (BOE/d) 1 and Downstream crude throughput of 458,500 barrels per day (bbls/d), representing an overall crude unit utilization rate of 97%.
Solide performance de la catégorie des produits destinés aux sociétés de services publics Solide performance de la catégorie des produits destinés aux sociétés de services publics
Solide performance de la catégorie des produits destinés aux sociétés de services publics Solide performance de la catégorie des produits destinés aux sociétés de services publics
Millions of people with Medicare will soon be eligible to get discounted GLP-1 drugs for weight loss. Here's how it will work. (Image credit: Universal Images Group)
Millions of people with Medicare will soon be eligible to get discounted GLP-1 drugs for weight loss. Here's how it will work. (Image credit: Universal Images Group)
SAN CARLOS, Calif., May 06, 2026--BeOne Medicines Ltd. (NASDAQ: ONC; HKEX: 06160; SSE: 688235), a global oncology company, today announced financial results and corporate updates from the first quarter of 2026.
SAN CARLOS, Calif., May 06, 2026--BeOne Medicines Ltd. (NASDAQ: ONC; HKEX: 06160; SSE: 688235), a global oncology company, today announced financial results and corporate updates from the first quarter of 2026.
Custom Power Platform and Azure solutions help organizations modernize workflows, connect data, and reduce manual work. NEW YORK, May 06, 2026 (GLOBE NEWSWIRE) -- eSoftware Associates Inc. (ESW), a Microsoft consulting and custom development firm serving clients since 2006, is expanding its work around custom AI-infused business applications built with Microsoft Power Platform, Azure, and Microsof...
Custom Power Platform and Azure solutions help organizations modernize workflows, connect data, and reduce manual work. NEW YORK, May 06, 2026 (GLOBE NEWSWIRE) -- eSoftware Associates Inc. (ESW), a Microsoft consulting and custom development firm serving clients since 2006, is expanding its work around custom AI-infused business applications built with Microsoft Power Platform, Azure, and Microsoft 365. Many companies are interested in AI, but the real challenge is knowing where it fits. For mos
Alistair Berg Stock index futures rose Wednesday as investor sentiment improved on hopes of easing tensions between the U.S. and Iran. Now, here are 5 news stories that broke overnight to watch out for: Anthropic commits $200B to Google cloud services: Anthropic ( ANTHRO ) has committed to spend about $200B over five years on cloud services and AI chips from Google ( GOOG ), according to The Infor...
Alistair Berg Stock index futures rose Wednesday as investor sentiment improved on hopes of easing tensions between the U.S. and Iran. Now, here are 5 news stories that broke overnight to watch out for: Anthropic commits $200B to Google cloud services: Anthropic ( ANTHRO ) has committed to spend about $200B over five years on cloud services and AI chips from Google ( GOOG ), according to The Information , citing a person with knowledge of the matter. The scale of the deal would make Anthropic one of the largest customers of Google Cloud, accounting for over 40% of its revenue backlog. The spending underscores surging demand for compute power driven by Anthropic’s Claude AI models and enterprise adoption. Tesla recalls over 218,000 vehicles: Tesla ( TSLA ) is recalling over 218,800 U.S. vehicles due to a rearview camera image issue, Reuters reported, citing the National Highway Traffic Safety Administration. The issue involves a delay in the rearview camera or a failure of prompt image appearance when the vehicle is put into reverse, which can impair the driver’s rear visibility and increase the risk of a collision. China’s Big Fund eyes DeepSeek investment: China’s major state-backed semiconductor investment fund is in talks to lead DeepSeek’s ( DEEPSEEK ) first fundraising round that could value the AI startup at about $45B, the Financial Times reported. Backing from the China Integrated Circuit Industry Investment Fund would cement DeepSeek’s position as a leader among China’s large language model players. Tech giants grant the U.S. early AI model access: Alphabet’s ( GOOG ) Google DeepMind, Microsoft ( MSFT ), and xAI have agreed to give the U.S. government early access to their AI models to evaluate the systems’ capabilities and help improve security. The U.S. Commerce Department’s Center for AI Standards and Innovation said it will conduct pre-deployment evaluations and targeted research to better assess frontier AI capabilities and advance AI security. Blue Or...
undefined undefined/iStock via Getty Images Advanced Micro Devices ( AMD ) is surging post-earnings , but one exchange in the earnings call stood out for what wasn't said. Bernstein analyst Stacy Rasgon pressed CFO Jean Hu on whether data center AI GPU revenue had grown sequentially in Q1 excluding China, after Hu attributed a modest sequential decline in that business to lower China shipments in ...
undefined undefined/iStock via Getty Images Advanced Micro Devices ( AMD ) is surging post-earnings , but one exchange in the earnings call stood out for what wasn't said. Bernstein analyst Stacy Rasgon pressed CFO Jean Hu on whether data center AI GPU revenue had grown sequentially in Q1 excluding China, after Hu attributed a modest sequential decline in that business to lower China shipments in the quarter. Rasgon asked directly whether the underlying AI GPU business had grown ex-China. Hu declined to confirm it had, twice responding only that China revenue in Q1 was "not material" — without addressing the sequential trajectory of the rest of the business. It is not the first time China has clouded AMD's GPU picture. In April 2025, the company flagged a potential $800M inventory charge after new U.S. export controls restricted shipment of the MI308 AI GPU without a license, representing up to $1.6B in revenue exposure. AMD does not break out China GPU revenue separately, which makes the Q1 sequential dynamic difficult to assess from the outside — and management showed little appetite for clarifying it on Tuesday's call. More on AMD Advanced Micro Devices, Inc. (AMD) Q1 2026 Earnings Call Transcript AMD Q1: I Love The Progress, But Nvidia Is The Better Buy Right Now (Downgrade) Know When To Hold 'Em And When To Fold 'Em Biggest stock movers Wednesday: AMD, SMCI, and more AMD stock rallies on strong data center growth—These ETFs have the highest exposure
undefined undefined/iStock via Getty Images Advanced Micro Devices ( AMD ) is surging post-earnings , but one exchange in the earnings call stood out for what wasn't said. Bernstein analyst Stacy Rasgon pressed CFO Jean Hu on whether data center AI GPU revenue had grown sequentially in Q1 excluding China, after Hu attributed a modest sequential decline in that business to lower China shipments in ...
undefined undefined/iStock via Getty Images Advanced Micro Devices ( AMD ) is surging post-earnings , but one exchange in the earnings call stood out for what wasn't said. Bernstein analyst Stacy Rasgon pressed CFO Jean Hu on whether data center AI GPU revenue had grown sequentially in Q1 excluding China, after Hu attributed a modest sequential decline in that business to lower China shipments in the quarter. Rasgon asked directly whether the underlying AI GPU business had grown ex-China. Hu declined to confirm it had, twice responding only that China revenue in Q1 was "not material" — without addressing the sequential trajectory of the rest of the business. It is not the first time China has clouded AMD's GPU picture. In April 2025, the company flagged a potential $800M inventory charge after new U.S. export controls restricted shipment of the MI308 AI GPU without a license, representing up to $1.6B in revenue exposure. AMD does not break out China GPU revenue separately, which makes the Q1 sequential dynamic difficult to assess from the outside — and management showed little appetite for clarifying it on Tuesday's call. More on AMD Advanced Micro Devices, Inc. (AMD) Q1 2026 Earnings Call Transcript AMD Q1: I Love The Progress, But Nvidia Is The Better Buy Right Now (Downgrade) Know When To Hold 'Em And When To Fold 'Em Biggest stock movers Wednesday: AMD, SMCI, and more AMD stock rallies on strong data center growth—These ETFs have the highest exposure