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Middle East

NEWS DESK GCC UAE

SVB Failure – Abu Dhabi-Based Investment Firm Royal Group Considering Takeover Of The UK Arm Of Silicon Valley Bank

The Royal Group, an investment company funded by Abu Dhabi royal, is considering taking over Silicon Valley Bank’s (SVB) UK vertical in light of the current development of SVB’s bankruptcy. According to Bloomberg, Sheikh Tahnoon bin Zayed Al Nahyan, chairman of Royal Group and national security adviser for the United Arab Emirates, is debating
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Social Development Bank To Provide $6 Billion In Loans To SMEs Over The Next Three Years

According to a senior official, Saudi Arabia’s Social Development Bank plans to provide SR24 billion ($6.3 billion) in funding to small and medium-sized businesses over the next three years as Saudi Arabia gradually diversifies its economy to meet the objectives outlined in Vision 2030. In an interview on the margins of the Biban 2023, Sultan Al-Hamidi, Chief
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ACINO ANNOUNCES INTEGRATION OF PHARMAX PHARMACEUTICALS

20th March 2023: Acino, a Swiss pharmaceutical company headquartered in Zurich, today announced the integration of Pharmax Pharmaceuticals, a UAE-based manufacturer and distributor of high-quality medications. Both companies are owned by ADQ, an Abu Dhabi based investment and holding company. With the integration of Pharmax, Acino will add over 100 employees and a GCC and
NEWS DESK GCC Saudi Arabia

Saudi’s Potential To Take The Lead In Carbon Capture On The Road To Net-zero Emissions

As nations throughout the world step up their efforts to achieve net-zero carbon emission objectives and mitigate the effects of climate change, oil, and gas-producing nations, in particular, are under great pressure to quickly shift to green energy sources. According to Bloomberg, $6.4 billion will be invested globally in carbon capture and storage projects this […]
NEWS DESK Tech

GISEC Global 2023 boosts cyber resilience

Dubai, UAE, 14 March 2023:  GISEC Global 2023, the Middle East’s largest and most impactful cybersecurity event, opened today at the Dubai World Trade Centre (DWTC), bringing together the cybersecurity industry’s leading brands and experts to boost the cyber resilience of the region’s growing digital economy. H.E. Dr. Mohamed Al-Kuwaiti, Head of the UAE Cybersecurity
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Owlet launches in the Middle East

Parenting technology and lifestyle brand Owlet has launched in the Middle east, bringing its innovative and award-winning technology to the parents for the first time. Launching with two hero products, the Owlet Smart Sock and the Owlet Cam video monitor, Owlet’s technology is already trusted by over 1.5 million parents globally, providing reassurance over the […]
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HYATT CHAMPIONS WOMEN ACROSS THE MIDDLE EAST

DUBAI, UNITED ARAB EMIRATES, MARCH 2023: Empowering women to fulfil their full potential is a vital part of Hyatt’s strategy for talent growth and success. Hyatt has launched two pioneering initiatives including Women@Hyatt, a globally dedicated Diversity Business Resource Group, and the Inspirit Mentorship Program, created and exclusively in the EMEA region, to support
NEWS DESK GCC Saudi Arabia

Biban, The Largest Entrepreneurship Conference In Saudi Arabia, Will Offer $2.7 Million In Prizes At Biban 2023

More than $2.7 million will be awarded in a dozen new competitions and “hackathons” at Biban 2023. Biban is Saudi Arabia’s largest entrepreneurship forum, created to inspire businesses to showcase their entrepreneurial ventures. The Biban 2023 event will be held at the Riyadh Front Exhibition & Convention Center from March 9 to March 13. It intends to
NEWS DESK GCC Saudi Arabia

Humanitarian Forum In Riyadh Promotes Innovation, AI Usage In Disaster Response

At the heart of the Riyadh International Humanitarian Forum was the need to reduce funding gaps in humanitarian aid and use science and innovation for quicker response and coordination. This third forum was put together by the United Nations and its humanitarian groups with help from the King Salman Center for Relief and Humanitarian Aid. The event took […]