Supporting Local Handicrafts: Saudi Cultural Development Fund Launches Nama' Accelerators in Partnership with the Saudi Ministry of Culture and Quality of Life Program
The accelerators launch with its first track, Handicrafts, as part of the Fund's broader efforts to amplify the economic, social, and creative impact of the 2025 Year of Handicrafts, and to enable sector stakeholders to enhance and expand their cultural projects and businesses.
The Fund has launched a dedicated webpage for full accelerators details HERE
The Handicrafts Track targets micro, small, and medium-sized businesses (MSMEs) across 11 key handicrafts fields, including pottery, textiles, and woodworking.
Participants will benefit from specialized training in modern craft techniques, intensive workshops in marketing and business development, and improved access to both local and global markets.
The accelerators conclude with targeted, financial incentives aimed at supporting long-term business growth and sustainability.
Through its first track, Nama' Accelerators aims to transform Saudi Arabia's vibrant handicraft heritage into sustainable economic businesses that that empower communities, spark innovation in the sector, and embrace the Kingdom's national identity.
The accelerators also designed to amplify the sector's economic and social impact by supporting the growth of ambitious, high-potential startups with innovative ideas.
In doing so, it contributes to building a vibrant Saudi entrepreneurial ecosystem that encourages creativity and enables long-term, meaningful growth.
Nama' Accelerators marks a significant step forward in the Cultural Development Fund's mission to become the Financial Center of Excellence for the cultural sector. It reinforces the Fund's role as a key financial enabler for cultural entrepreneurs and businesses by enabling their sustainable and profitable growth.
The accelerators also consolidate the Fund's efforts with key stakeholders in the cultural ecosystem, enabling it to continue its path toward achieving the goals of the National Culture Strategy, under the umbrella of Saudi Vision 2030.
For more information about Nama' Accelerators and the Handicrafts Track, click HERE
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 minutes ago
- Yahoo
Super Micro Q4 Earnings Loom--Should You Buy, Hold, or Sell?
Aug 1 - Super Micro Computer (NASDAQ:SMCI) prepares to report fiscal fourth-quarter 2025 results on August 5, with analysts watching for a potential earnings surprise as the company leans on surging AI infrastructure demand. Wall Street expects revenue near $6 billion, slightly below the midpoint of management's prior outlook, and EPS estimates also reflect modest expectations. The San Jose-based server and data center solutions provider navigated a soft fiscal Q3 as revenue came in at $4.6 billion, up 19% year-over-year but just shy of forecasts. Management attributed the shortfall to customers delaying purchases amid the transition from Nvidia's (NVDA) Hopper to Blackwell GPUs, with deferred orders expected to contribute to a stronger Q4 and early fiscal 2026. Warning! GuruFocus has detected 7 Warning Signs with SMCI. Super Micro continues to expand globally, launching over 30 new Blackwell-based AI server solutions and forming a multi?year, $20 billion partnership with Saudi DataVolt to deploy ultra?dense GPU platforms in the U.S., U.K., and Saudi Arabia. With 9% share of the AI platform market and 31% in branded AI servers, the company positions itself for growth as liquid?cooled and high?density solutions drive demand. Investors now look for confirmation that Q3 was a reset, not a slowdown. Based on the one year price targets offered by 16 analysts, the average target price for Super Micro Computer Inc is $41.06 with a high estimate of $70.00 and a low estimate of $15.00. The average target implies a downside of -27.40% from the current price of $56.55. Based on GuruFocus estimates, the estimated GF Value for Super Micro Computer Inc in one year is $71.09, suggesting a upside of +25.71% from the current price of $56.55. Gf value is Gurufocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. For deeper insights, visit the forecast page. This article first appeared on GuruFocus.
New York Times
2 hours ago
- New York Times
How Tariffs Raise Costs for Farmers, Making Food More Expensive
American farmers, ranchers and agricultural industry experts are still sorting through what increased tariffs on dozens of countries will mean for both U.S. farm products and consumers. But there are a few broad areas where American farmers, and consumers, are likely to see prices rise or products disappear. The cost of everything farmers use to produce their goods — machinery, fertilizer, herbicides, feed — has been rising, squeezing profitability. That will only pick up speed. Most of the fertilizer American farmers use is imported. Some of that will continue to face previously announced 10 percent tariffs, while fertilizer that comes from Trinidad & Tobago, a major producer, and a number of countries in the Middle East will see tariffs as high as 30 percent. Tariffs on steel and aluminum exporting countries will raise costs for things like tractors, fencing and grain bins. Machinery and equipment used in food manufacturing and packaging will be more expensive, too. The United States imported $212 billion worth of agricultural products last year, according to the Agriculture Department. Some of that can be replaced by an increase in American-grown products, and the new increased tariffs do not meaningfully change the duty rates for the two countries that produced almost $89 billion of those imports, Mexico and Canada, because most food products are covered by a preexisting trade agreement among those countries and the United States. Want all of The Times? Subscribe.
Yahoo
2 hours ago
- Yahoo
Oil Falls Below $70 as Sentiment Sours
A poor U.S. jobs report led to a broader sell-off on Friday, with leading stock indices falling from record highs. Friday, August 1st, 2025 Buoyed by Trump's Russia threats and news of Indian state refiners curbing purchases of Russian crude, crude oil futures have been trending above $70 per barrel throughout the week, settling on Friday slightly below the $71 mark. Towards the end of the week, sentiment has been sapped by expectations of yet another OPEC+ production hike, potentially even as high as 548,000 b/d, as the eight output-cutting countries aim to get rid of voluntary quota commitments. US Slaps New Sanctions on Chinese Ports. The US State Department stated it would impose sanctions on 20 entities it suspects of trading Iranian oil and petrochemical products, including the Chinese oil terminal Zhoushan Jinrun, the fourth port facility in China to be directly targeted by the US. Indian State-Owned Refiners Stop Russian Imports. India's state-controlled refiners have stopped buying Russian oil as discounts narrowed to just -$1 per barrel to Dubai, further disincentivized by Donald Trump's announced 25% tariff on India if the country continues its purchases of Russian crude. Saudi Budget Deficits Shrinks on Higher Oil. Buoyed by higher crude oil production on the heels of OPEC+ unwinding, Saudi Arabia's budget deficit shrank to $9.2 billion in Q2 2025, a 40% decline compared to the previous quarter, putting the kingdom's public debt at 370 billion. Trump Endorses Chevron's Venezuela Return. Confirming rumours from a week ago, the Trump administration has reportedly granted a sanctions waiver to US oil major Chevron (NYSE:CVX), allowing it to resume operations in Venezuela on the condition that no money reaches the Venezuelan state. China's Polysilicon Industry Launches Its Own Revamp. Top Chinese producers of polysilicon, a key component of solar panels, are reportedly negotiating a $7 billion plan to purchase and shut down a third of the country's production capacity, equivalent to 1 million tonnes per year, eyeing an industry revamp. LNG Canada Runs into Problems. Shell's (LON:SHEL) $40 billion LNG Canada is undergoing technical issues that halved its liquefaction capacity, with problems reported at the Kitimat plant's gas turbine and refrigerant production unit, prompting at least one LNG tanker to divert away from the facility. Egypt's Favourite Oil Majors Expand Their Presence. Seeking to kick-start rapidly depleting offshore gas fields, Egypt's state oil company EGPC signed a joint exploration deal with European oil majors ENI (BIT:ENI) and BP (NYSE:BP) to appraise the El Temsah block to the east of Chevron's Nargis discovery. New Zealand Wants to Drill for Oil Again. The government of New Zealand has lifted its 2018 ban on offshore drilling introduced by the Ardern government back in the day, with crude production in the country gradually declining over the past years due to lack of investments, to just 17,000 b/d. Power Outage Saps Freeport LNG Output. The US' Freeport LNG terminal has been running at 50% of its capacity after a power outage had put the entire plant offline on Wednesday, representing a 1.1 BCf per day loss for feedgas demand in the country as it reported seven outage events in July alone. Europe Mulls Pooling LNG Purchases from US. The European Commission suggested pooling LNG buying demand from European companies to ramp up imports of US-origin LNG in line with Brussels' $250 billion energy import commitment, seeking to create some negotiating leverage with US suppliers. Copper TACO Clears Chicago Premium. In a perfect example of a TACO trade, US copper futures plunged by 22% on Wednesday after the Trump administration exempted copper ores, concentrates and cathodes from its oft-hailed 50% copper import tariff, sending COMEX futures down to $9,650/mt. US Refiner Gets Slapped with Giant Penalty. US downstream giant Phillips 66 (NYSE:PSX) was mandated to pay $800 million in damages to biofuels producer Propel Fuels for stealing trade secrets under the guise of gathering due diligence for a potential acquisition, according to a California state court ruling. Egypt Eyes FSRU Start Next Week. Egypt's government announced that flows from its recently deployed LNG regasification vessel Energos Eskimo are expected to start next week, seeking to further ramp up LNG imports after taking in an all-time high of 1 million tonnes last month, doubling June imports. By Tom Kool for More Top Reads From this article on
