General Catalyst, a Silicon Valley venture capital firm with $30 billion in assets under management, has made its first investment in Saudi Arabia by participating in fintech startup Lean Technologies’ $67.5 million Series B round. Other investors included Bain Capital Ventures, Stanley Druckenmiller’s Duquesne Family Office, and Arbor Ventures, bringing Lean Technologies’ total funding to over $100 million. This investment signifies confidence in Saudi Arabia’s growth trajectory and Vision 2030 initiative, with fintech playing a pivotal role in diversifying the economy and creating new opportunities for the young Saudi workforce.
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US judge finds probable cause to hold Trump officials in contempt over alien act deportations | Trump administration
A federal judge determined on Wednesday that there is probable cause to hold Trump officials in contempt for breaching a temporary injunction that prohibited the application of the Alien Enemies Act to deport suspected Venezuelan gang members. This ruling highlights ongoing legal challenges surrounding the treatment of foreign nationals under wartime powers. Further details regarding the implications of this decision and the actions of the officials involved are expected to be released shortly. Full Article
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