Saudi Arabia, the Arab world’s largest economy, is experiencing positive momentum even amid a challenging investment climate and geopolitical tensions that are dampening growth elsewhere. Reflecting expectations of improving GDP growth and medium-term fiscal dynamics, S&P Global Ratings revised its outlook on Saudi Arabia’s debt from stable to positive at the end of March 2022. […]
His Excellency Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, headed the UAE delegation participating in the joint annual meeting of Arab Financial Institutions, which takes place today in Jeddah, Saudi Arabia. In attendance were Arab finance and economy ministers, governors of Arab central banks, heads of Arab finance institutions, and a […]
The United Arab Emirates (UAE) has ranked 14th globally and first regionally in Kearney’s 2022 Foreign Direct Investment (FDI) Confidence Index. The country is one of only four emerging markets on the 2022 index along with Qatar, China, and Brazil, and has recorded a higher ranking this year in an increasingly competitive global FDI attraction environment. The business […]
EFS Group announces today excellent results at the closure of Q1 2022 with new project wins of over AED 1.2 billion. The recent contract awards include a mega soft services contract for Jeddah Airport valued at over SAR 750 million including multiple iconic projects in UAE, Saudi and other countries in the Group’s GCC operations. Tariq maintains that […]
Expect to now see more of the world’s top sports personalities in the UAE & across the Gulf, with locally based organizations and fans benefiting! After 20 years of working on behalf of some of the world’s most loved brands in partnership with well-known Personalities and Events, Sunny Singh has launched ‘COLLABORATE! SPORTS & ENTERTAINMENT.’ […]
Acronis, the global leader in cyber protection, has released its annual Cyber Protection Week Global Report 2022 timed to this year’s World Backup Day. The report which surveyed over 6,200 IT users and IT managers from small businesses to enterprises across 22 countries, including the United Arab Emirates (UAE), exposes some of the most critical shortcomings […]
ALTAWKILAT Premium, the exclusive importer for Maserati cars in Saudi Arabia, announced the inauguration of a strategic partnership with Maserati, the Italian luxury sports car manufacturer, in an exclusive ceremony held recently at the “Diriyah Biennale Foundation” in the Saudi capital, Riyadh. The event was attended by Eng. Mohammed Abduljawad, CEO & Chairman of ALTAWKILAT […]
Saudi Arabia-based company GLT Express, the logistics arm of Global Logistics and Technology (GLT) Holdings, has extended its activities to the Egyptian market by acquiring the Egyptian logistics company Gallop Express, as part of GLT’s plans to expand its operations beyond the GCC countries and into further countries in the Middle East and North Africa […]
Lawazem, an operational procurement company, has closed a seed deal totaling $1.3 million. The round was led by Merak Capital, a technology investment firm licensed by the Capital Market Authority of Saudi Arabia, with participation from Merced, a Saudi VC company that covers a variety of sectors across the Middle East. Lawazem was founded in […]
Mashreq, one of the leading financial institutions in the UAE, and noon.com, Middle East’s leading digital e-commerce platform, have partnered to launch the “Mashreq noon VIP Savings Account”. The initiative is the latest solution as part of a long-term partnership between the two organizations – and follows the launch of the ‘Mashreq noon VIP Visa Credit […]
