Business & Money | Thursday 6 July, 2023 4:22 pm

KAPSARC Receives Two OPEC Awards for Research Accomplishments

The King Abdullah Petroleum Studies and Research Center (KAPSARC), a Riyadh-based advisory think tank, was honored with two awards during the 8th OPEC International Seminar held in Vienna on 5-6 July 2023. At the event, the Center received the 'Best Energy Research Institute Award' recognizing its...

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Business & Money | Thursday 6 July, 2023 10:59 am

Gulf Islamic Investments strengthens its presence in the Kingdom of Saudi Arabia through its acquisition of a CMA-licensed financial company

Gulf Islamic Investments (GII) expanded its operations in Saudi Arabia substantially in 2023 with the acquisition of a full investment licence from the Saudi Capital Market Authority (CMA) and the planned opening of a GII office in Riyadh this year.  A leading Shari’ah-compliant...

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Business & Money | Thursday 6 July, 2023 10:40 am

Al Masaood CV&E and Lavajet Boost Waste Management in Al Ain with 134 UD Trucks

Al Masaood Commercial Vehicles and Equipment (CV&E) has further strengthened its partnership with Lavajet by providing a fleet of 134 UD Trucks to enhance the waste management sector in Al Ain region. The division, which is part of Al Masaood Group, is the sole distributor of UD...

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Business & Money | Thursday 6 July, 2023 9:57 am

AJEX Announces New Ocean Express Service from Europe to Saudi Arabia in Partnership with Kerry Logistics Italy

AJEX Logistics Services, a Saudi-headquartered Middle East specialist in express distribution and shipping solutions, is pleased to announce its strategic partnership with Kerry Logistics Italy to introduce the AJEX-KERRY Ocean-Express service. This innovative collaboration will provide the fastest ...

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Business & Money | Thursday 6 July, 2023 9:42 am

Palms Sports Sets the Pace for 2H with AED 300M New Business Acquisition, Poised for Remarkable Growth

Palms Sports (ADX: PALMS), the prominent regional sports management company and the largest mass Jiu-Jitsu training provider in the world, a subsidiary of International Holding Company PJSC (IHC), has revealed today its complete acquisition of Securiguard Middle East, a specialized firm...

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Business & Money | Thursday 6 July, 2023 9:15 am

78% of Middle East Employees Believe the Rewards of Generative AI Outweigh the Risks

In the Middle East, the new wave of generative artificial intelligence (GenAI) tools, such as GPT-4 and DALL-E, are transforming businesses at an unprecedented pace. Employees in the region are optimistic about how AI—and generative AI, in particular—will affect their work. However, sentiments...

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Business & Money | Thursday 6 July, 2023 9:11 am

EY MENA expands consulting services with addition of The Collective

EY MENA announces the addition of The Collective, the region’s largest independent digital agency, to its Consulting practice. Over 130 digital specialists from the agency will join EY MENA to bolster the design, technology, and marketing capabilities of the service line.The Collective, which...

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Business & Money | Wednesday 5 July, 2023 12:16 pm

Bena, Alderley sign MoU for joint opportunities in energy conversion field

Bena Steel Industries Co. signed on July 4 a memorandum of understanding (MoU) with Alderley PLC to accelerate the capabilities and necessary solutions in energy conversion field in Saudi Arabia.    The six-month MoU focuses on establishing a...

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Business & Money | Wednesday 5 July, 2023 9:45 am

Private equity firm Berkeley Assets highlights key financial insights for the Middle East

Berkeley Assets, a British private equity firm with over 15 years of experience, has revealed the latest financial insights for the Middle East’s investment sector.  Preservation and capital protection, diversification of investments into private markets and the digital transformation of...

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Business & Money | Wednesday 5 July, 2023 9:32 am

Game on: Why we’re expanding our support of esports with VALORANT

Gaming has evolved into a global phenomenon. Yes, its revenues are now bigger than the movie and music industries combined, and competitive gaming — esports — has morphed into a full-fledged global spectacle that rivals, and even dwarfs, many traditional sports. The passion for...

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