Dubai Electricity and Water Authority (DEWA) provides electricity and water services to 3.514 million people living in Dubai according to the highest standards of reliability, availability, efficiency, and quality. This number is expected to reach 5.8 million by 2040. DEWA’s capacity has reached 14,117 megawatts (MW) of electricity and 490 million imperial gallons per day (MIGD) of […]
The Fashion Kingdom (“TFK”), Egypt’s pioneering curated fashion, beauty and home accessories e-commerce marketplace with 360 value proposition for brands, announces the successful completion of a $2.6 million seed funding round. The seed funding round was co-led by CVentures, Egypt’s first corporate venture capital firm and A15, MENA’s leading early-stage venture capital firm which made […]
Etihad Credit Insurance (ECI), the UAE’s Federal export credit company, has partnered with the Hamriyah Free Zone Authority (HFZA) and the Sharjah Airport International Free Zone Authority (SAIF Zone) to support Sharjah exporters and re-exporters to start and grow their international business and secure their receivables globally. The strategic initiative will boost the exports from […]
ALLGROUP, one of the top companies operating in the entertainment and organization of events and conferences sector in the Kingdom of Saudi Arabia, announced the launch of its new identity, which reflects the company’s success in establishing itself as one of the most important providers of integrated solutions in the sector. The launch of the […]
Bayut & dubizzle, the UAE’s leading property portals have released their collective Dubai Property Market Report for H1 2022. The data from the powerhouse portals revealed that prices in Dubai’s property sector have further appreciated in prominent neighbourhoods across the city. Given the impressive start to 2022, the growth in sale and rent prices in […]
Bahrain has become the fourth country to join the Industrial Partnership for Sustainable Economic Development, which includes the UAE, Jordan, and Egypt. His Excellency Mostafa Kamal Madbouly, Prime Minister of Egypt witnessed a signing ceremony today in Cairo during a second meeting of the partnership’s Higher Committee. The announcement took place following the 2nd meeting […]
Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, today released its 2021 annual cybersecurity report: Navigating New Frontiers. The report highlights the growing rate of cyber-attacks by malicious actors on digital infrastructures and individuals in the modern-day hybrid work environment. The report states that globally Trend Micro solutions stopped over 94.2 billion threats in […]
Abu Dhabi-based Ruya Partners (“Ruya”) announced today that it completed a SAR 75 million (USD 20 million) investment into Energia MGCC (“Energia”), a leading temporary power solutions (“TPS”) provider in Saudi Arabia. Headquartered in Jubail, Energia has a nationwide presence with offices across all major cities, a high-quality fleet, and deep engineering capabilities. The Company […]
Cartona, a B2B platform digitizing and empowering all stakeholders of Egypt’s traditional trade market including mom-and-pop stores, FMCG producers, wholesalers, and distributors, announces the successful closing of its $12 million Series A fundraise. The round was led by Silicon Badia – the venture capital firm investing in global technology entrepreneurs, together with the active participation […]
The Tourism Development Fund (TDF) today announced the signing of a tripartite agreement with Ennismore, the world’s largest and fastest-growing lifestyle hospitality company, and Al Rajhi Capital, one of the leading Asset Managers in the Kingdom of Saudi Arabia. The agreement aims to establish a hospitality investment fund that will advance lifestyle hotels with a […]
