Saudi Arabia’s Ministry of Investment (MISA) today announced that it oversaw 101 investment deals worth more than $4 billion in Q1 2022, reflecting the high competitiveness of the Saudi economy to attract more investment opportunities. The deals announced are expected to create more than 5,800 new jobs in the domestic economy, as the Kingdom’s transformation […]
Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, announced the financial services findings of its global 2022 Enterprise Cloud Index (ECI) survey and research report, which measures enterprise progress with cloud adoption in the industry. The research showed that fewer financial services organizations have adopted multicloud than any other industry surveyed, trailing the global […]
The Franklin Templeton Institute released its latest insights paper, “Food innovation: Investing to feed our future,” focusing on the innovation and investments needed to feed a growing global population in the face of climate change and geopolitical conflict. The paper features perspectives from a variety of Franklin Templeton experts. Highlights of their remarks include: Anne […]
Dubai Chamber of Commerce, one of the three chambers under Dubai Chambers, recently organised a webinar, which shed light on the landmark UAE – India Comprehensive Economic Partnership Agreement (CEPA) and the various economic benefits that are expected to be created by the free trade deal. Attended by over 270 participants, the webinar was organised […]
Backbase, creator of the category-leading Engagement Banking Platform, raised €120 million in growth equity funding from Motive Partners. Having grown organically to over €200 million in revenue, Backbase is now partnering with a Fintech specialist private equity firm, to further strengthen its claim on the Engagement Banking category. This growth investment values Backbase at €2.5 […]
Global Critical Logistics (GCL) has signed an exclusive commercial partnership agreement with SAL Saudi Logistics Services, the leader of integrated logistics services in Saudi Arabia. Under the agreement, SAL will provide exclusive logistics services to all GCL companies inside of Saudi Arabia, serving end-customers in the entertainment, live events, (motor) sports, fine arts, and film […]
The Kingdom of Bahrain ranked among the top ten performing ecosystems in MENA in the 2022 Global Startup Ecosystem Report (GSER), moving up from ranking among the top 15 in last year’s report. The report is one of the world’s most comprehensive, data-driven research on startup ecosystems, and it is published annually by the world-leading policy advisory […]
Venture capital firm Phaze Ventures and Microsoft deepened their commitment to supporting Oman’s economic vision on the third day of COMEX 2022 by announcing the expansion of their partnership to empower startups and entrepreneurs in the Sultanate. The two companies signed a new Memorandum of Understanding that will see Microsoft support startups and entrepreneurs which […]
Dubai Culture and Arts Authority (Dubai Culture) collaborates on many projects with its partners in the public and private sectors, guided by a vision to support the emirate’s creative community. Within that context, the Authority is cooperating with ‘Hayi’ app, a free, local, social communication network for neighbourhoods in Dubai that encourages residents to communicate, […]
re.life, the UAE-based digital ecosystem disrupting the trading and logistics industries, has won three separate awards as announced within the first quarter of the year. The awards recognise re.life’s innovations as a start-up, specifically for its platforms re.life collect and re.life market. MEA Business Awards recognised re.life as “Innovative Tech Solution of the Year” for […]
