IFC is investing in Al-Douh Iraqi Company for Cement Industries (“Al Douh”), a leading cement manufacturer and part of Al-Riyadh Investment Companies Group (RICG), to help boost economic diversification and spur sustainable growth in Iraq, while creating hundreds of jobs and bolstering reconstruction efforts. IFC is providing a financing package of up to $130 million […]
Huawei organized its first “Egypt Internet Innovation Forum” under the theme of “Accelerating Growth with Huawei Cloud.” The Forum reaffirms Huawei’s unwavering dedication to supporting Egypt’s digital transformation journey using the tech giant’s data centers, services, and comprehensive ecosystem to accelerate enterprise growth through cloud services. The Forum brought together key stakeholders in Egypt’s digital […]
The UAE announces its participation in the 53rd edition of the World Economic Forum (WEF) 2024, which will be held in Davos, Switzerland between 15 and 19 January. This year’s participation of the UAE is characterized by the involvement of more than 100 personalities, including heads of national companies and corporate leaders, leading private sector […]
PureHealth, the largest healthcare platform in the Middle East, has announced the successful completion of its strategic acquisition of Circle Health Group, the UK’s largest independent operators of hospitals, marking a significant milestone in the company’s global expansion strategy. The completion of this deal, which has achieved regulatory approvals in record time, signifies PureHealth’s exceptional […]
Dubai Electricity and Water Authority (DEWA) announced that its customers conducted around 12.5 million digital transactions in 2023, compared to around 10 million digital transactions in 2022, an increase of about 25%. This reflects DEWA’s leading role in supporting the wise leadership’s vision to make Dubai the smartest and happiest city in the world. The […]
More than 700,000 people from 228 countries and territories signed up to take part in Veganuary 2023, breaking all previous records whilst Google searches for “vegan food near me” experienced a more than 5000% increase in 2021, demonstrating the demand for vegan food is on the rise. Kibsons, the UAE’s original greengrocer, known for its […]
Silicon Technology Company LLC-FZ, a pioneering player in the technology sector, announces the launch of its cutting-edge B2B supplier growth portal, SupplierValley.com. The company has strategically chosen the dynamic Meydan Freezone in Dubai as its operational hub, underscoring its commitment to innovation and business growth in the heart of the Middle East and North Africa […]
Arada has announced the launch of sales at a new ultra-luxury landmark in Dubai, Armani Beach Residences at Palm Jumeirah, in partnership with Armani/Casa Interior Design Studio and Tadao Ando. Enjoying sweeping, panoramic views of the Arabian Gulf as well as Dubai’s famed skyline, Armani Beach Residences at Palm Jumeirah is designed to achieve harmony […]
According to the 2024 Sotheby’s International Realty Luxury Outlook Report, Dubai, United Arab Emirates, saw record-breaking sale prices throughout 2023, with super-luxury residences selling for up to US$4,000 (AED14,692) per square foot, marking consecutive year-over-year increases since 2020, noted by Chris Whitehead, managing partner, Dubai Sotheby’s International Realty. Whitehead notes, for the past two or […]
The Ministry of Investment of the UAE has signed a Memorandum of Understanding (MoU) with the Ministry of Digital Development, Innovations, and Aerospace Industry of the Republic of Kazakhstan as well as Sovereign Wealth Fund Samruk-Kazyna. This strategic agreement aims to create a framework for investment cooperation in data center and artificial intelligence (AI) projects […]
