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Riyadh, Saudi Arabia - Monday, 13. March 2023

• Saudi Development Bank pledges $6.4 billion to funding entrepreneurs and startups in the Kingdom over the next three years
• Monsha’at signs Memorandum of Understanding (MoU) with InspireU – STC
• WhiteHelmet is announced as winner of 2023 Entrepreneurship World Cup

 
Today, the Social Development Bank (SDB) pledged $6.4 billion to funding entrepreneurs, small and medium-sized enterprises (SMEs), and freelancers across the Kingdom over the next three years. The multibillion-dollar pledge was announced on Day 4 of Biban 2023, with the landmark commitment set to contribute to the achievement of the nation’s Vision 2030 objectives.

The SDB pledge joins the long list of agreements signed at Biban 2023: Saudi Arabia’s flagship startup and SME forum. Taking place from March 9 to March 13, 2023 — at t ... Read more »

Dubai, United Arab Emirates ... Read more »

Riyadh, Saudi Arabia - Sunday, 12. March 2023

Today, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia (Monsha'at) has underlined its commitment to advancing entrepreneurship in the Kingdom. In line with Vision 2030, Monsha’at has signed a range of agreements with a selection of leading regional and global entities.

Contributing to the growth and development of the national economy, the partnerships were launched today — the third day of Biban 2023 — at the Riyadh Front Exhibition & Conference Center.

As part of its mission to empower the Kingdom’s thriving community of entrepreneurs and enhance the Saudi SME ecosystem, Monsha’at signed a Memorandum of Understanding (MoU) with Zoho Software Trading Company Limited (ZOHO). In addition, it signed an MoU with Neoleap: the global digital solutions company, and GoDaddy, the leading domain registrar.

The MoUs will be focused on leveraging ... Read more »

(BUSINESS WIRE)--The African Union is taking steps to bring online the African Medicines Agency (AMA), a regulatory body designed to harmonize the approval of medicines across the continent. When fully operational, the AMA should speed up and simplify what is currently a lengthy drug registration process involving a patchwork of national regulators. AIDS Healthcare Foundation fully supports the AU in this initiative; however, access, equity and affordability must be central to AMA’s mandate.

“The need to conduct separate clinical trials and receive regulatory approval for the same drug from different countries on the continent has caused considerable delays in the past in bringing more effective and better-tolerated drugs to market in Africa,” said AHF Chief of Global Advocacy and Policy Terri Ford. “The interests of governments, the pharma industry, healthcare providers, and patients coincide in this instance – streamlined approval will get dru ... Read more »

(BUSINESS WIRE) -- Galderma:

Galderma delivered strong performance

Galderma delivered at the top end of its 2022 revenue guidance with 13.9% year-on-year net sales growth on a constant currency basis at 3,760 M USD and delivered above its 2022 profitability guidance with 14.5% Core EBITDA year-on-year growth on a constant currency basis at 791 M USD

Sustained growth momentum fueled by continued strong performance in Injectable Aesthetics and Dermatological Skincare with year-on-year net sales growth of 22.3% and 30.7% respectively, on a constant currency basis, primarily driven by volume growth

Topline growth and margin expansion demonstrate continued strong operating and commercial performance despite a challenging external environment

Significant progress in advancing the R&D pipeline with notable milestones for differentiated biologic entries expected to fuel significant long-term sustainable growth

Galderma completed three phas ... Read more »