The Co-Kitchens has announced the launch of its latest report, “Scaling Your Food Business Operations 2024,” tailored for F&B professionals at all levels. With the report unveiling hard truths and proven strategies, the report equips readers with actionable guidance to navigate and overcome industry hurdles. “Drawing from Dubai and London’s vibrant F&B sectors, the report […]
Category: LATEST NEWS
Adyen study reveals 44% of UAE retailers affected by cyberattacks in 2023, losing AED 11.3mln
Adyen, the global financial technology platform of choice for leading businesses, has today published a new research revealing the millions of Dirhams lost annually to cyberattacks in the UAE retail sector. Working alongside the Centre for Economic Business and Research (Cebr), Adyen found that the retail sector globally lost $429 billion to fraud in 2023[1]. […]
PGIM expands global footprint into the Middle East with senior appointment
PGIM, the $1.3 trillion global investment management business of Prudential Financial, will expand into the Middle East, subject to regulatory approvals. To lead its regional expansion, PGIM has appointed Mohammed Abdulmalek as senior advisor and chairman of PGIM’s Middle East council. The council has been established to evaluate and advise on the expansion initiative and […]
Peninsula receives In-Principle approval from the ADGM FSRA
Peninsula today announced that it has been granted an In-Principle Approval (IPA) by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). Peninsula, founded in 2019 and incorporated in ADGM, is a real estate investment company focused on industrial, logistics and commercial assets. Subject to final regulatory approval from the FSRA, […]
ElEzaby Pharmacy launches the first Flagship branch of its kind in Egypt
ElEzaby Pharmacy announced the opening of its first new Flagship branch in Mall of Egypt, in a step considered the first of its kind, as the new branch embodies a modern concept for pharmacies in Egypt. Mr. Ammar Aklan, CEO of ElEzaby Pharmacy Group, expressed his enthusiasm for the opening of the new branch, which […]
Bitget research report: Middle East crypto market surges, daily traders up 166% in year
Bitget Research, the research arm of the world’s leading cryptocurrency exchange and Web3 company Bitget, has released an in-depth report on cryptocurrency adoption in the Middle East region. The document delves into key aspects influencing the rate of adoption, as well as their impact on user behavior. Key takeaways: — In 2024, there was an […]
Ministry of Economy to launch ‘National Forum for SMEs – Government Procurement’ tomorrow
The Ministry of Economy (MoEc) announced that it will launch the ‘National Forum for Small and Medium Enterprises – Government Procurement’ on Tuesday, April 23, 2023, at 9.00 a.m., in the Godolphin ballroom of the Jumeirah Emirates Towers hotel in Dubai. The objective of the Forum is to enable Emirati entrepreneurs to maximize the competitive […]
Bokra raises $4.6mln in pre-seed round to democratize wealth management in MENA
Bokra, a Cairo-based fintech, announces the successful closure of its $4.6mn pre-seed round led by DisrupTech Ventures, and SS Capital alongside other investors, setting it to revolutionize wealth management in the MENA region by being the first platform to offer goal-based investment and saving products through asset backed securities. On a mission to democratize wealth […]
Non-Residents Account for 35% to 40% of Total Mortgage Bookings in the UAE
The UAE’s mortgage market is experiencing a transformative surge, driven by the substantial interest from non-residents. Constituting between 35% to 40% of overall mortgage bookings, non-residents, hailing primarily from the GCC, UK, US, Germany, and India, are increasingly opting for home loans in the UAE, signalling the country’s appeal as a global investment destination. In […]
Trusity collaborates with Abdulla Al Ghurair Foundation in Takween Initiative
Trusity, a leader in online education, proudly announces its strategic partnership with the Abdulla Al Ghurair Foundation (AGF) in the Takween initiative, the UAE’s first after-school learner enrichment program designed to empower Emirati students between the ages 13-18 in public schools through academic reinforcement and skill development. Trusity, one of the key contributors to the […]