INSEAD Day 4 - 728x90

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

CST announces first Space Entrepreneurship Alliance in Saudi Arabia

The alliance aims to create a strong foundation for innovation and entrepreneurs in the Saudi space sector. (SPA)
  • The alliance was announced during the Commission's participation in the seventh edition of the Garage Disrupt event.
  • The alliance seeks to connect entrepreneurs with investors and experts in the space sector.

RIYADH, SAUDI ARABIA – Saudi Arabia’s Communications, Space & Technology Commission (CST) has announced the formation of a Space Entrepreneurship Alliance to achieve growth and sustainability in the sector and develop a solid foundation to support entrepreneurs in the Kingdom’s space industry.

The alliance was announced during the Commission’s participation in the seventh edition of the “Garage Disrupt” event, where Acting Deputy Governor​ of the Space sector at CST Frank Salzgeber explained that the alliance aims to create an entrepreneurial ecosystem in the space sector.

He said the alliance will be a platform to gather stakeholders to support Saudi entrepreneurs in innovation and the Garage is the first to join this alliance.

Salzgeber said that the alliance aims to create a strong foundation for innovation and entrepreneurs in the Saudi space sector, by providing access to resources and services like shared workspaces and technical labs, as well as support initiatives like accelerator programs, workshops, and Hackathons.

The alliance also seeks to connect entrepreneurs with investors and experts in the field.

The Garage Disrupt is a monthly event to gather tech startups and investors with the presence of representatives from the public and private sectors to promote growth and sustainability for startups.