Economy & Business
Business news, economic analysis, fintech innovations, startup ecosystems, and market trends shaping Saudi Arabia's digital economy and Vision 2030.
Al Salem Johnson Controls (YORK) Wins ‘Industrial Company of the Year 2016’ Award
Al Salem Johnson Controls, a leading provider of heating, ventilation and air conditioning equipment, security systems, and controls, won the “Industrial Company of the Year 2016” award from Arabian Business magazine, which is published by the ITP Publishing Group. Al Salem Johnson Controls Director of Operations, Khaled Almushare received the award on behalf of the […]
The dawn of the age of boutique agencies
Boutique advertising agencies are making their mark the world over, and Dubai is no exception. Smaller agencies are providing stiff competition to large behemoths, and walking away with a big slice of the advertising pie by adapting new models of “we can do it all”. In this scenario, it is a significant development that Dubai-based […]
Emirati companies take home top honours at Middle East HR Awards
Emirati companies and business talent stole the limelight at the 2016 Middle East HR Excellence Awards. The ceremony took place last night at InterContinental Hotel and is the region’s most prestigious celebration of HR and talent development professionals. Cleveland Clinic Abu Dhabi took home the Nationalisation Initiative of the Year award for their efforts in […]
Virgin Mobile Saudi Arabia is Offering Products with Convenient Instalments at Cash Price.
Virgin Mobile Saudi Arabia announces its offering of numerous innovative products at an installment facility in cash price. This step reflects the company’s eagerness to set distinctive solutions that are flexible and meet the needs of customers and the Saudi youth in particular. The offer includes the latest phones, featured numbers, and other wonderful products […]
Delta Partners appoints new partner to boost its corporate finance business
Delta Partners, a leading advisory and investment firm specialized in the telecoms, media and digital (TMD) space, recently announced the appointment of Khumo Shuenyane as its latest partner in the firm. Khumo has over 20 years of experience within the fields of finance, mergers & acquisitions, private equity and corporate strategy. He has been appointed […]
Abu Dhabi Ports and Emiroll sign Musataha Agreement to build plant in Khalifa Industrial Zone
Abu Dhabi Ports has signed a 50-year Musataha Agreement with Emirates Aluminium Rolling (Emiroll), a joint venture between DUBAL Holding, Dubai Investment Industries (a subsidiary of Dubai Investments PJSC), and Madar Aluminum Rolling Singapore (MARS), to set up a manufacturing plant with a total investment of AED 440 million on an 83,554.58 square meter plot […]
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Agaoglu upbeat on increased Gulf based investments in Turkey’s real estate market after successful participation in Cityscape Jeddah
Turkey’s leading real estate developer Agaoglu is expecting that the huge interest in its projects during the recent Cityscape Jeddah will translate into more investments in the country’s real estate market, as the company holds a series of meetings with government and industry representives as well as investors in major Saudi cities to highlight the […]
GCC Retailers Leapfrog Europe with Virtual Kiosks, Interactive Mirrors, and Holographic Ads
Virtual kiosks, interactive mirrors, and hologram advertisements are among the many ways that GCC retailers are leapfrogging Europe in enhancing the customer experience, industry experts announced today.Boosted by strong tourism growth, new and expanded malls and theme parks, and mega-events such as World Expo 2020 and 2022 FIFA World Cup Qatar, GCC retail sales are […]
Gulf Capital Acquires a Controlling Stake in Sporter.com, the leading online retailer of sports and nutrition supplements in the GCC
Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, announced today that it has acquired a controlling stake in Sporter.com, the leading online retailer of sports and nutrition supplements in the GCC, operating in a rapidly growing sector of the digital economy. Sporter.com’s operations are located in state- […]
HE Butti Saeed Al Ghandi Inaugurates Middle East Cleaning Technology Week 2016
HE Butti Saeed Al Ghandi, Second Vice-Chairman of the Dubai World Trade Centre, inaugurated today the 4th Middle East Cleaning Technology Week (MECTW) at the Dubai International Convention and Exhibition Centre (DICEC). With over 130 companies participating, MECTW is expected to host over 4,000 cleaning industry professionals until 15 November 2016. Following the inauguration ceremony, […]
ISAM Wins Best Hedge Fund Award at Alternative Investment Management Summit
International Standard Asset Management (ISAM), a leading global Alternative Investment Manager, announced today that it has received the 2016 Hedge Fund Award from AIM Summit for “Best Managed Futures Provider with assets under management (AUM) in excess of US$1 billion.” The accolade was presented to Antoine Massad, Chief Executive Officer of ISAM Middle East, Africa and […]
Middle East Cleaning Technology Week gets 20% Bigger in 2016
The 4th edition of Middle East Cleaning Technology Week (MECTW) has seen a 20% increase in size and is taking place at the Dubai International Convention Centre from November 13 – 15. The leading international show, for the cleaning -sector, will see participation from prominent regional and international companies showcasing their latest innovations across three […]
Daikin Air Cooled Chillers receive the Emirates Quality Mark for Excellence from ESMA
Daikin, the Japanese global leader, innovator and provider of advanced air conditioning solutions for residential, commercial and industrial applications has been granted the Emirates Quality Mark (EQM) for its Air Cooled Chiller Systems. The (EQM) is a mark of conformity granted to the products that can demonstrate compliance with the relevant UAE National Standards, Regional […]
Empower to host inaugural certified workshop during preparatory day of the International District Cooling Conference 2016; Trade show to open tomorrow (Sunday, 13 November)
Alongside the seventh edition of the international district cooling conference 2016, the International District Energy Association (IDEA) will organize an inaugural certified workshop for district cooling providers tomorrow (Sunday, 13 November). Also, a group of companies from around the world will showcase their latest achievements and advanced technologies in district energy in the trade exhibition […]
UAE-Morocco deal to hold Annual Investment Meeting (AIM), Africa Chapter, in Marrakesh from 29-31 October 2017AIM seeks to penetrate Africa to boost FDI in the Dark Continent
Dawood Al Shezawi, CEO of Annual Investment Meeting (AIM) Organizing Committee, signed today a strategic MoU with HE Ahmed Akhchichine, President of Marrakech-Safi region, Kingdom of Morocco to organise Annual Investment Meeting (AIM) – Africa Chapter, in Marrakesh on 29-31 October 2017 under the theme “The Future Investment Landscape of Africa: Sustainable Investment through Innovation […]
Telia Carrier investigates why Sweden has successfully bred so many unicorns
In a four episode ‘mockumentary’ series, entitled ‘Unicorn Syndrome’ (http://unicornsyndrome.com/), Telia Carrier investigates a number of possible theories about why Sweden, and Stockholm in particular, has become a unicorn superpower. Based on the number of unicorns per capita that it has produced, Stockholm is ranked as the number two startup region in the world after […]
Majid Al Futtaim Launching Sacoor Brothers in Saudi Arabia
Sacoor Brothers and Majid Al Futtaim Fashion are proud to announce the opening of the first Sacoor Brothers boutique in Granada Mall, Riyadh on November 17th. This new boutique reflects the brand’s philosophy of continuous improvement and will offer the Women’s and Men’s Collection. The boutique located on the ground floor in Granada Mall is […]
Chemical products major contributor to Saudi non-oil exports
The Industrial sector in the Kingdom is witnessing major development and growth, with a significant role played by the plastic and petrochemical sectors in achieving sustainable development and diversifying the sources of income thus pertaining positively to the Kingdom’s 2030 Vision. While the Kingdom holds a substantial global market share of 6% from the total […]
OKI Europe appoints new Business Operations Director for the Middle East and Africa
OKI Europe Ltd appointed Mark Thompson as the Business Operations Director for OKI Middle East and Africa (MEA) region, Mark will be responsible for the business operations and logistics to overall enhance OKI’s distribution model across MEA with an immediate focus on Sub-Saharan Africa. Mark joins from Lexmark, where he has had various managerial roles […]
Danish Minister for Business and Growth Leads a Tour for Danish Companies in Dubai
H.E. Troels Lund Poulsen, Danish Minister for Business and Growth lead representatives of 45 Danish companies in a two days visit to Dubai, UAE, during which several workshops and activities on relevant issues were organized. The Minister’s visit aimed to strengthen the commercial ties between Denmark and the UAE, and follow-up on the MOU signed […]
PREMIA™ leading choice of insurance companies in Oman
3i Infotech Limited, a global IT software provider with its flagship insurance products, PREMIA™ has grown exponentially over the past 16 years as a trusted technology partner, bringing in business transformation for over 40 insurance companies in GCC. Key insurance companies in Oman and MENA region trust PREMIA™, a flexible insurance management product suite and […]
Schneider Electric Showcases Efficient, Reliable Power Solutions at GCC Power 2016
Schneider Electric, a global leader in energy management and automation, is showcasing its smart solutions for the power and water industry at GCC Power 2016, currently underway in Doha, Qatar. The company’s suite of hardware and software power solutions are reputed in the market for providing effiicient and reliable power across medium- and high-voltage distributions, […]