Red Sea Farms, a Saudi Arabian AgTech business whose one-of-a-kind technology enables the commercial farming of produce using primarily salt water and sunlight, has successfully closed its latest funding round. A USD 10m investment target has been exceeded. Strong confidence raised USD 16m from leading Saudi, UAE and USA investors. This oversubscribed, pre-series A investment […]
Dubai Airports is projecting robust growth for Dubai International (DXB) in the second half of the year after the airport clocked 10.6 million passengers in the first six months of 2021 despite travel restrictions affecting its key source markets throughout the second quarter. “In anticipation of the robust recovery of global air travel, we started […]
Despite the gender gap and social challenges, entrepreneurial women across the world and in the Middle East and Africa (MEA) are leading the way in tapping into the power of the digital economy to succeed and grow. In new research by Mastercard, women-owned small and medium enterprises (SMEs) believe there are huge benefits of a […]
Shell Egypt celebrated the announcement of the winning team in the final phase of “Imagine the Future” local version: The American University in Cairo’s team “AUC-07”. The team will represent Egypt in the “Imagine the Future” global competition, taking place virtually on the 26th of August 2021. This is the fourth time that Egypt qualifies to […]
SonicWall today announces its 30th anniversary as a cybersecurity industry leader. Throughout August, the company will celebrate its heritage, product innovation, channel DNA and the many cybersecurity innovators who have helped support and transform it into the SonicWall it is today. “Innovation and adaptability are key components to successfully evolving cybersecurity strategy through the ebb […]
ICT Circle – the world’s first B2B online platform and first-of-its-kind, that connects the entire ICT industry has cemented its position in the UAE with a huge inventory of stock-keeping units (SKUs) in a niche IT Products category. While this marks a milestone achievement for the company, ICT Circle envisions to expand to GCC and […]
Local government organizations are becoming more digitally enabled, data-driven, agile, and customer-centric, concludes a new and wide-ranging publication of KPMG. Based on research on eight major global economies including Saudi Arabia, “Future of local government – Embracing connectivity and customer centricity” presents key trends that shape local government in today’s hyper-connected reality. The publication, which […]
Industries Qatar (“IQ” or “the Group”; QE Ticker: IQCD), today reported a net profit of QR 3.5 billion for the six-month period ended 30 June 2021, representing an increase of 391% compared to the same period last year. Updates on macroeconomic environment The economic momentum built upon effective ongoing vaccination campaign and ease of lockdowns […]
The DED Trader licence, launched by the Business Registration & Licensing (BRL) sector of Dubai Economy to enable freelancers and start-ups to conduct business activities online and across social networking accounts, is witnessing an overwhelming response with 13,430 licences issued since its launch in 2017 till end of June 2021. Dubai Economy also reported that 3,243 DED […]
PETRONAS Lubricants International (PLI), the fluid technology pioneer and leading global manufacturer of high-quality automotive and industrial lubricants, has partnered with one of Kuwait’s oldest family-owned conglomerates, Al Babtain Group, to oversee the distribution of premium engine oils and industrial lubricants in the northern Arabian Gulf country. Under the partnership, Al Babtain Group will oversee the […]
