Melee establishes Equine, Egypt’s first equestrian club development and management company

In line with its innovative vision to introduce distinctive ideas to the Egyptian market across various economic sectors, Melee is excited to announce the launch of Equine, the first equestrian company dedicated to all disciplines of equestrian sports. Equine will join a group of companies that Melee is prepared to establish in various fields, such […]

Century Financial and Abu Dhabi School of Management sign MoU

Intensifying their efforts to equip the grassroots workforce with financial literacy; Century Financial, the region’s leading investment services firm, entered an MOU with the Abu Dhabi School of Management (ADSM) ensuring future engagement. Along with the United Nations PRME Middle East chapter, the collaboration recently hosted an event in Abu Dhabi with 50+ companies. While […]

Insider announces $500mln Series E led by General Atlantic to Fuel AI strategy and plans

Photo: Hande Cilingir, Co-Founder and CEO at Insider. Insider, a leading AI-native omnichannel experience and customer engagement platform, today announced a $500 Million Series E funding round led by General Atlantic, a leading global growth investor. The funds will be used to invest heavily in AI to deliver against the most ambitious AI roadmap. The […]

In a multi-million dollar deal, Edafa Venture Capital acquires stake in Taskedin Application

Edafa Venture Capital, a leading venture capital firm, has announced the completion of a multi-million dollar acquisition, securing a strategic stake in Taskedin. Taskedin is a pioneering platform that offers an integrated suite of solutions for task management, human resources, payroll, attendance tracking, and virtual meetings. The platform effectively replaces traditional methods like email and […]

New Deloitte study explores the future of sports club privatization in Saudi Arabia and their path to profitability

Photo: Izzy Wray, Deloitte Middle East Sports Business Group.  As Saudi Arabia accelerates its drive to privatize sports entities, Deloitte Sports Business Group has released a new study offering critical insights for potential sports club owners and a roadmap toward sustainable, profitable ownership. The study reveals a four-phase approach aimed at transforming clubs from operational […]

Google announces AI Opportunity Initiative for the Middle East and North Africa

Google announced today the AI Opportunity Initiative for the Middle East & North Africa, its largest AI initiative in the region, that will provide essential AI skills, research funding and access to helpful AI products. Google.org, Google’s philanthropic arm, is planning to contribute US$15 million, between this year and the end of 2027, through funding […]

Saudi Reinsurance Company “Saudi Re” Reports 351% Increase in Profits for the First 9 Months of 2024, Reaching SAR 475 Million

The Saudi Reinsurance Company “Saudi Re” has announced its financial results for the nine months ending September 30, 2024. The company achieved a net profit after zakat of SAR 475 million, marking an impressive increase of 351% compared to the same period last year. The financial results also highlighted a significant rise in total written […]