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...

More Details

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 ...

More Details

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...

More Details

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...

More Details

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...

More Details

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...

More Details

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...

More Details

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...

More Details

Business & Money | Wednesday 5 July, 2023 9:09 am

Saudi agricultural GDP reaches SAR 100 bln in 2022

Saudi Arabia’s agriculture sector achieved a record contribution to gross domestic product (GDP) at SAR 100 billion in 2022, Vice Minister of Environment, Water & Agriculture (MEWA) Mansour Bin Hilal Al Mushaiti said.   The Kingdom adopted many strategies, initiatives and...

More Details

Business & Money | Wednesday 5 July, 2023 9:06 am

Naqi Water acquires SAR 7 mln poultry project

Naqi Water Co. signed on July 3 a contract to fully acquire a poultry project from Abdullah bin Saleh bin Abdullah Al-Bethi for Poultry in Qassim at a total value of SAR 7 million, according to a statement to Tadawul.  The project spans 447,700 square meters in Unaizah...

More Details