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...
E Fund and Riyad Capital Join Forces to Boost Investment Opportunities
E Fund Management Co., Ltd. (E Fund), the largest fund manager in China, and Riyad Capital, a leading asset manager in Saudi Arabia, have announced...
STC reports record revenues and profits in 2023
STC, the largest telecom operator in Saudi Arabia and the Middle East, announced its consolidated financial results for the year 2023, showing a remarkable growth...
Pak business delegation explores trade opportunities in Saudi Arabia
A high-level delegation of 21 leading Pakistani businessmen left for Saudi Arabia on Tuesday to participate in a business-to-business (B2B) conference in Riyadh, organized by...
The Billion-Dollar Empires of Egypt’s Richest Businessmen
Nassef Sawiris, the youngest son of the late Egyptian tycoon Onsi Sawiris, is the richest man in the Arab world, with a net worth of...
Tamimi Markets expands its presence in Saudi Arabia with Al Raya acquisition
Tamimi Markets, a family-owned grocery chain that has been operating in Saudi Arabia since 1979, has announced the completion of its acquisition of Al Raya...
Saudi Arabia’s Economy and M&A Market Set to Rebound in 2024
Saudi Arabia’s economy and merger and acquisition (M&A) market are expected to rebound in 2024, after a challenging year in 2023 that saw a sharp...
Israel kicks off 2024 with a flurry of private placements
Israel’s bond market has started the new year with a bang, as several issuers have tapped the private placement (PP) market for funding. The PP...
Tesla’s Optimus Robot: A Vision for the Future of Work
Tesla, the electric car company led by tech billionaire Elon Musk, has been developing a humanoid robot called Optimus that could potentially replace human labor...
Tesla’s Stock Plummets as Investors Worry About Slowing Growth and Rising Competition
Tesla, the world’s leading electric vehicle (EV) maker, saw its stock price drop by 12% on Thursday, wiping out $80 billion in market value. The...