Middle East

The Israel-based startup accelerator run by the US multinational technology company is closing to cut costs.

After three years as a director at the CVC unit, Antonia Elisa Soler Blasco will lead the team across San Francisco, Boston and Tel Aviv.

The IT conglomerate’s $64m CVC subsidiary has made its first impact investment in microfinance service Gojo & Company.

After serving a year as head of European financial technology at RBC Capital Markets, Jallad will become the investment director at Neom Investment Fund.

Oil and gas conglomerate Aramco Oil Company has injected an extra $4bn into Aramco Ventures to further push development in disruptive technologies.

Noam Kaiser is a venture capitalist focused in the Israeli ecosystem.