Saudi Development Fund agrees $50m loan deal with SVG
by Searchlight Newspaper
Searchlight Newspaper— The Saudi Fund for Development (SFD), signed a $50 million loan agreement with St. Vincent and the Grenadines on Friday, April 19, 2024, to assist communities affected by natural disasters, Saudi Press Agency reported. The deal was signed by SFD CEO Sultan Abdulrahman Al-Marshad and Minister of Finance of St. Vincent and the Grenadines (SVG), Camillo Gonsalves, during the 2024 spring meetings of the World Bank and the International Monetary
Bloomberg—SES Agrees to Buy Intelsat in $3.1 Billion Satellite deal Deal. SES SA has agreed to buy Intelsat SA for $3.1 billion in cash to create a satellite giant that will better compete with billionaire Elon Musk’s Starlink, after reviving talks that fell apart last year.
ETtech.com—startup funding: ETtech Deals Digest: Startup funding falls 30% on year to $73 million this week. Startup funding in the penultimate week of April 2024 declined by nearly 27.9% from the same period a year ago, totalling $74 million across 14 deals. However, deal density in the latest week improved to $5.3 million per deal, as per Tracxn data. From April 6 to April 12, 2023, startups had raised about $2.4 million per deal. Funding was down sequentially as well, from $103 million across 15 funding rounds in the previous week. Of the total corpus raised this week, fundraises of...
Entrepreneur—Dhruva Space Secures USD 9 Mn Funding from IAN Alpha Fund, Technology Development Board, and Others. The Hyderabad-based platform aims to deploy the raised funds for upcoming spacecraft manufacturing facilities, strategic business acquisitions, and enhancing product offerings.