Easy mobility and maneuverability of cargo bikes are chief factors shaping the demand outlook of the global cargo bikes market. As per a recent market study by ESOMAR-certified consulting firm Future Market Insights (FMI), the cargo bikes market totaled US$ 900 Mn in 2021. As traffic congestion is increasing across the globe, government authorities in various counties are encouraging […]
Category: NEWS
Northladder welcomes a new chief revenue officer
NorthLadder has appointed Mihin Shah to assume the role of Chief Revenue Officer (CRO). NorthLadder is an auction-driven, second-hand online marketplace for pre-owned luxury assets and electronics. As the startup expands its presence in the region, it will benefit greatly from its newest member to drive growth. Given his experience and expertise, Mihin is well […]
Dubai Financial Services Regulator appoints new Chief Executive
The Board of Directors (Board) of the Dubai Financial Services Authority (DFSA) has announced the appointment of F. Christopher Calabia as the new Chief Executive of the DFSA. Chris will succeed Bryan Stirewalt with effect from 1 October 2021. Chris is an accomplished leader in financial regulation with a career that spans 30 years in […]
Backbase expands commitment to Saudi Arabia with new center and appointment of new senior leadership
Backbase is reaffirming its commitment to Saudi Arabia with the launch of a new regional office and the appointment of a new senior leadership team in the country. This latest expansion follows increasing market demand in Saudi Arabia, with SAMA – the Kingdom’s financial regulator – offering new licenses and open banking development as part […]
Mohamed Al Sharhan appointed as Deputy Managing Director of World Government Summit Organization
His Excellency Mohammad Abdullah Al Gergawi, Minister of Cabinet Affairs, Chairman of the World Government Summit Organization, has approved the appointment of Mohamed Yousef Al Sharhan as Deputy Managing Director of WGS, in a step that embodies the directions of the UAE leadership to empower the youth, and enable them into creating effective change and […]
Careem appoints new General Manager for its operations in Saudi Arabia
Careem announced the appointment of Ghaith Al Johani as General Manager in the Kingdom of Saudi Arabia. Al Johani is one of the Saudi Arabia’s youth leaders, who have contributed to enhancing the presence and growth of many international institutions and brands. Ghaith comes with more than 15 years of experience in Saudi Arabia having […]
Nox Management realizes a significant profit after the acquisition of &ever in a deal worth Euro 130mln
Kuwait’s Nox Management a subsidiary of Al Wafir Marketing Services, part of the Al Bahar group announced that it has realized a significant profit, after Kalera AS one of the fastest growing vertical farming companies in the world, announced that it has entered into a share purchase agreement to acquire &ever GmbH, a world leader […]
National Investments Company succeeded in new investment in pipe technologies
Mr. Fahad Al Mukhaizim, CEO of National Investments Company (“NIC”), said in a press release: The Investment Banking Sector (“IB”) managed to capture many new investments in the infrastructure, real estate, credit and technology sectors, Furthermore the Company started the year 2021 with a strong pipeline of mandates, including a number of M&A buy-side mandates, […]
SBWC mentoring UAE’s business women to reinvent themselves and thrive in the post-Covid era
Sharjah Business Women Council (SBWC), an affiliate of NAMA Women Advancement Establishment (NAMA), has equipped 48 of its members with the right tools, knowledge and motivation to advance in the business world through a diversified workshop series with the central theme of post-COVID business recovery planning. Held in partnership with global technology leader Mashreq Bank, […]
Amanat reports record high profitability of AED 235.3mln in 1H-2021
Amanat Holdings PJSC (“Amanat” or the “Company”) the GCC’s largest healthcare and education investment company announces its consolidated financial results for the first half ended 30 June 2021. The Company reported total income of AED 255.6 million, a significant nine-fold increase from the AED 28.2 million in 1H-2020, while income from investments similarly grew at a […]