Following all regulatory approvals received from UAE Central Bank and the Securities and Commodities Authority (SCA), DIB has today, through the Dubai Financial Market (DFM), successfully executed the increase in its foreign ownership limit (FOL) from the current level of 25% to the new enhanced one of 40%. The increase in FOL is driven primarily […]
Gulf International Services (“GIS” or “the Group”; QE ticker: GISS), today reported a net loss of QR 0.8 million for the six-month period ended 30 June 2021. Macroeconomic updates Oil and gas industry continue to show positive signs of recovery with constructive macroeconomic drivers, on the back of effective vaccination campaigns leading to ease of […]
Change the date: Impact-centered accelerator Changelabs, one of the top 10 accelerators in the Middle East, announced today the launch of its leading “Scale Up To Green” accelerator targeting top Egyptian resource efficiency, green energy, and agritech companies. The program is being launched in partnership with the Green for Growth Fund (GGF), which is a […]
Nuwa Capital has invested in baraka, a Dubai-based fintech startup on a mission to educate, enable and empower retail investors in the Middle East. The $4M seed round also includes Global Founders Capital, FJ Labs, Raptor Group, Tribe Capital, VentureSouq, and Class 5 Global. The company has officially launched its mobile investment app today, and […]
Acronis, the global leader in cyber protection, today released the Acronis Cyberthreats Report Mid-year 2021 update, an in-depth review of the cyberthreat trends the company’s experts are tracking. Released at this week’s Black Hat 2021 event, where Acronis is a Diamond sponsor, the report warns that small and medium-sized businesses (SMBs) are at particular risk based […]
Singapore-based AI company TAIGER announced today the veteran technology executive, Stephen Watts, has joined the company as its Chief Operating Officer. Watts brings to TAIGER extensive global leadership in software and services. He has a proven track record of driving transformative growth in early stage and global operations. He served as President and COO of […]
Qatar Aluminum Manufacturing Company Q.P.S.C. (“QAMCO” or “the Company”; QE Ticker: QAMC), a 50% joint venture partner in Qatar Aluminum Company (Qatalum), today reported a net profit of QR 288 million for the six-month period ended 30 June 2021, with an earnings per share (EPS) of QR 0.052. Commenting on the financial and operational performance for the six-month period […]
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai, issued Executive Council Resolution No. (23) of 2021 appointing Mansoor Hussain Lootah as CEO of Support Operations at the Dubai Culture and Arts Authority (Dubai Culture). His Highness also issued Executive Council Resolution No. […]
Changelabs is announcing the launch of its flagship scale-up accelerator targeting top Social Enterprises in Lebanon, within the framework of the SEMD (Social Entrepreneurship for Migration and Development) project implemented in Egypt, Lebanon, and Jordan. The program is funded by The Swiss Agency for Development and Cooperation (SDC), implemented by GFA consulting group and ENDEVA, […]
According to a survey conducted by FMI, the global advanced driver assistance systems market is anticipated to surpass a valuation of US$ 222 million in the year 2021. Through the course of the forecast period, staring from 2021 to 2031, the market is expected to register a robust CAGR of 12.1%. Thanks to the growing […]
