Category: Economy
MENA M&A value for Q1 2023 grows by 42% in comparison to Q1 2022
The top five MENA target countries by deal value were the UAE, Saudi Arabia, Kuwait, Egypt and...
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PIF Enters into an Agreement to Invest in Tamimi Markets, One of Saudi Arabia’s Leading Grocery Chains
PIF will become a shareholder with 30% ownership of Tamimi Markets by way of a capital...
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“Q Holding” and “Trojan General Contracting” forge a partnership to build 1742 villas for Emiratis in Abu Dhabi
Q Holding Group signed two important agreements with Trojan General Contracting, one of the...
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The Industry and Mineral Resources Minister honors SDB for its role in supporting entrepreneurs
During a ceremony to honor the first batch of “Thousand Miles for Entrepreneurship”...
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Hitachi Energy signs agreements with ENOWA and Saudi Electricity Company to design and develop the first phase of visionary NEOM region transmission system
Collaboration to accelerate the development of NEOM in Saudi Arabia with up to 9 gigawatts of...
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Checkout.com highlights importance of payment and revenue optimization in digital transformation report
In the third phase of Checkout.com’s annual MENA Report, 49% of merchants say they have access to...
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SADAFCO Announced Amongst the “15 Best Workplaces to Grow a Career” in KSA
Saudi Arabia, Jeddah, May 28th 2023 – Saudia Dairy and Foodstuff Company (SADAFCO), the...
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The National Security Services Company (SAFE) announces its acquisition of ABANA Enterprises Group Company’s assets connected to the transit of cash and valuable goods
• Turki Bin Matooq Al Thonayan: The deal embodies our ambitious expansion plans.• The acquisition...
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inspireU from stc enables over 90 startups that succeeded in getting total investments of more than SAR 700 million
Riyadh, Saudi Arabia, May 24, 2023: stc Group, an engine of digital transformation in...
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Bloom Holding Launches ‘Casares’ – The Third Phase of Bloom Living
Bloom Holding, one of the UAE’s foremost real estate development companies, has announced the...
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Revolutionizing Digital Commerce: Dubai Gears Up for Seamless Middle East 2023 Amid Booming MENA E-commerce Market
Payments and e-commerce in the MENA region is booming, the market size is expected to reach US$57...
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BKN301 Group goes live with Finastra to roll out a Banking as a Service solution
Finastra’s Essence has enabled BKN301 Group to bring new digital payments capabilities to San...
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Agility Reports KD 15.3 Million Net Profit for the First Quarter 2023
Q1 2023(Million KD)Q1 2022(Million KD)Variance(%)Revenue320.5132.1142.7%Net...
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Swift Securities View rapidly gains momentum in drive towards seamless post-trade settlement
Launched in January, Swift Securities View enables clear tracking across all steps of the...
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Mensha Ventures signs a Memorandum of Understanding (MoU) with its strategic partners from China and global Investment Banks to bolster the UAE’s sustainable capabilities and infrastructure.
Mensha Ventures, a prominent regulated venture capital firm in DIFC at the forefront of...
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Understanding the Economic Potential of the Metaverse in the Middle East and North Africa Region
New research reports examine the economic opportunities the metaverse presents around the world....
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IsDB and AHTF Sign Implementation Partner Agreements for Development of Resource, Infrastructure, and Family Support Efforts in Afghanistan
Afghanistan Agreements will focus on water, improved sanitation and hygiene services, advanced...
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Islamic Development Bank and partners launch the Lives and Livelihoods Fund 2.0 to support economic development across 32 member countries
Jeddah, May 13, 2023 – The Islamic Development Bank (IsDB) and its development partners, the Abu...
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ISFD Poverty Alleviation Forum Discusses Combating Poverty Through Solidarity, Alliances and Partnerships
Attended by HRH Prince Turki AL Faisal: HRH Prince Turki AL Faisal the Founder of the King Faisal...
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Annual Investment Meeting Signs MoU with Gold Standard to promote dialogue for sustainable development
Abu Dhabi, United Arab Emirates, 11 May 2023: The Annual Investment Meeting (AIM), one of the...
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