In a groundbreaking move, Effie Worldwide has joined forces with NordStella to inaugurate Effie Saudi Arabia, marking a new chapter in the Middle East’s marketing...
A Reassessment of Energy Transition: Perspectives from Saudi Aramco’s CEO
In a world striving for sustainable energy solutions, Amin Nasser, CEO of Saudi Aramco, presents a contrarian view on the global energy transition. His recent...
Saudi Industrial Surge: A Trillion Riyal Milestone
The Saudi industrial landscape has reached a new zenith with the cumulative investments in 11,670 factories hitting an astounding SR1539 trillion by January 2024. This...
Saudi Arabia’s Grand Slam: A $2 Billion Bid for Professional Tennis
In a bold move that could reshape the landscape of professional sports, Saudi Arabia’s Public Investment Fund (PIF) has reportedly put forth a staggering $2...
Egypt’s economy on the rise, says Morgan Stanley
Egypt’s economy is showing signs of improvement and resilience, thanks to the bold moves by the Central Bank of Egypt (CBE) and the government, according...
Egypt and IMF Agree on a New $3 Billion Economic Program
Egypt and the International Monetary Fund (IMF) have reached a staff-level agreement on a new 46-month Extended Fund Facility (EFF) arrangement of US$3 billion. The...
Team8 Raises $500 Million from Microsoft, Walmart and Others for Israeli Tech Startups
Team8, an Israel-based venture capital firm, has secured $500 million from a group of investors, including Microsoft, Walmart, Cisco, Moody’s and Temasek, for three new...
Merck Expands Its Presence in the Middle East with a New Office in Riyadh
Merck, a leading company in the fields of science, technology, and medicine, has opened a new regional office in Riyadh, the capital of Saudi Arabia....
Olam Group postpones Singapore-Saudi IPO of its agri-business unit
Olam Group, a Singapore-based global food and agri-business company, has announced that it will delay the initial public offering (IPO) of its agricultural unit, Olam...
Why Israel’s tech sector is a model of resilience amid crises
Israel’s tech sector has shown remarkable resilience amid the COVID-19 pandemic, the recent conflict with Gaza, and the political instability that has plagued the country...
Cairo Airport seeks partners for retail and F&B concession
Cairo International Airport (CIA) is looking for qualified companies to operate a commercial master concession at its Terminal 3. The concession will cover around 2,000...
Asian Shares Slip, Saudi Market Retreats on Profit-Taking
Asian shares ended lower on Monday, Feb. 26, 2024, as investors awaited inflation data from the United States, Japan and Europe that will help refine...
Egypt seals a landmark investment deal with major entities
Egypt has announced the signing of a major investment partnership deal with several prominent entities, aiming to boost the country’s foreign currency resources and economic...
Egyptian startups to benefit from Sawari Ventures’ $150 million fund
Sawari Ventures, a leading venture capital firm based in Cairo, has announced its plans to launch a new fund worth $150 million to invest in...
Dragon Oil Showcases Its Expertise in Energy Transition at EGYPS 2024
Dragon Oil, a company wholly owned by the Government of Dubai, is participating in the Egypt Energy Exhibition and Conference (EGYPS 2024) in Cairo, which...
Alat, Saudi Arabia’s New Tech Giant, Invests in Manufacturing and AI
Alat, a new technology company owned by Saudi Arabia’s Public Investment Fund (PIF), has revealed its ambitious plans to invest $100 billion by 2030 in...