The MENA EV Show 2023 is set to launch for two power-packed days of discussions, innovations, and networking on September 27-28, 2023 at the prestigious Dubai Silicon Oasis. The event is organized by INOEX Global and co- hosted by Dubai Silicon Oasis. This year’s event will be an essential gathering for industry leaders, policymakers, and […]
Abu Dhabi-based Al Yah Satellite Communications Co PJSC, on Friday, said its government services arm Yahsat Government Solutions received an approval from the UAE Government worth $5.1 billion to provide satellite capacity along with managed services for 17 years. The company said the agreement valued at $5.1 billion includes operations, maintenance and technology management services […]
Switzerland based company Nestlé S.A, on Friday, said that Greg Behar, chief executive of Nestlé Health Science stepped down from the role and the company has appointed Anna Mohl, who is currently the head of International Business at Nestlé Health Science to succeed Behar. Nestlé said the reason of Behar’s resignation is to pursue new […]
AI-based fintech platform, AIZEN Global, on Thursday, said the company has entered the Indonesian electric vehicle (EV) market with the launch of an AI banking service called ‘EV-CreditConnect’ tailored for EV enthusiasts. Electric Mobility Ecosystem Association (AEML) and AC Ventures’ research revealed that Indonesia’s electric vehicle market is expected to see a growth, attaining $20 […]
Global ed-tech company, Byju’s said that it has named former chief executive of UpGrad India Arjun Mohan to take over as CEO, succeeding a founding employee Mrinal Mohit, reported the Mint on Thursday. Former CEO Mrinal Mohit resigned at time after board members representing Peak XV Partners, Prosus and Chan Zuckerberg Initiative stepped down in […]
Oil and gas producer ADES Holding Co, on Wednesday, said the company confirmed the final offer price for the company’s initial public offering (IPO) and it has completed the process of book-building for institutional investors. The Dubai-based company’s final offer price for the IPO offering is set at SAR 13.50 per share ($3.60 per share), […]
ARK Invest LLC, owner of ARK Investment Management acquired Rize ETF Ltd, Europe’s ETF (exchange-traded fund) issuer, initiated by ARK’s chief executive Cathie Wood on late Tuesday. ARK Invest said the deal aims to introduce its suite of cutting-edge innovation ETFs, under the UCITS framework, also known as undertakings for collective investment in transferable securities, […]
Dubai International Financial Centre issued a report on Wednesday, titled ‘Drivers of Innovation in Financial Services’, on a collaboration with a London Stock Exchange Group and Refinitiv to reveal a five-year outlook for innovation in the financial services industry. The Dubai-based DIFC is a financial centre prevailing in Middle East, African and South Asia (MEASA). […]
Global fintech firm, Alif launched a new financial service application in United Arab Emirates market, which provides financial services and global transfer of payments for UAE residents on Tuesday. The company appointed Shafique Ibrahim, digital executive as CEO of Alif Pay. The company said that Alif Pay will also launch a series of market financial […]
Engineering and technology firm Honeywell International Inc, on Tuesday, said it introduced MesonX Warehouse Management System (WMS), a software designed to improve the organization distribution needs of warehouse and distribution centre (DC) operation focusing on Southeast Asia and other global markets. Honeywell said this newly built software is handling inbound receipt, managing replenishment and it is […]
Privately held finance company Behrain FinTech Bay (BFB), on Monday, said it will collaborate with Family Office, a wealth management firm in Gulf Cooperation Council (GCC) to revolutionise wealth management in the region. The company said this partnership will enable BFB to leverage its strong expertise in digital innovation to collaborate closely with Family Office to […]
Canadian-listed company SNC-Lavalin Group Inc, on Wednesday, said that the company rebranded its name to AtkinsRéalis, by which it aims to bring together an umbrella of brands to represent its accomplishment. The company will now have brands including SNC-Lavalin, Atkins, Faithful+Gould, DTS, and Atkins Acuity and its shares will start trading on Toronto Stock Exchange […]
Tech-based carbon streaming firm Devvstream Holdings Inc said it will list on Nasdaq Stock Exchange after entering into a definitive business combination with a private investment company Focus Impact Acquisition Corp on Wednesday. This merger will take DevvStream into a fully owned subsidiary of Focus Impact and moved its domicile as an alberta company, which […]
Dubai’s secondary property market is said to display signs of a slowdown, recording a drop of 10.2% in August 2023, compared to a year ago after experiencing explosive growth on the back of high investor demand, based on a report of Zawya news agency. Despite the persistently high levels of inflation in the global economy […]
Global real estate investment management firm, Neo Capital appointed Babak Sultani as its chief executive officer on Tuesday, effective immediately. Sultani previously worked with Investcorp for 15 years and served as managing director of the Real Estate Group at the private equity company. During his tenure, he played a crucial role in growing Investcorp’s real […]
