Government | Thursday 1 June, 2023 3:08 pm

PIF Enters into an Agreement to Invest in Tamimi Markets, One of Saudi Arabia’s Leading Grocery Chains

The Public Investment Fund (“PIF”) announced today the signing of a share subscription agreement (the “Agreement”) to invest in Tamimi Markets Company LLC (“Tamimi Markets” or “the Company”), one of Saudi Arabia’s leading grocery store chains, by way of a capital...

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Business & Money | Thursday 1 June, 2023 2:59 pm

MENA M&A value for Q1 2023 grows by 42% in comparison to Q1 2023

The MENA region witnessed a 42% increase in the total value of merger and acquisition (M&A) deals in Q1 2023 compared to the same period last year, according to the latest EY MENA M&A Insights report. Overall, the first quarter of the year saw 165 deals amounting to US$25.8b.The...

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Healthcare | Thursday 1 June, 2023 2:55 pm

UAE supplements its growing cancer care capabilities with a revolutionary medication

AstraZeneca, a global, science-led biopharmaceutical company, announces the launch of its revolutionary cancer medication, IMJUDO® (tremelimumab) in the UAE, to be one of the first countries in the Middle East to receive access this the medication, marking a significant advancement in the...

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Cars & Autos | Thursday 1 June, 2023 2:52 pm

WALLAN GROUP INKS GROUNDBREAKING PARTNERSHIP WITH RENAULT GROUP TO STRENGTHEN ITS PRESENCE IN THE KINGDOM OF SAUDI ARABIA

The Wallan Group, a dominant player in the Kingdom's automotive sector for more than 45 years, today announces an exciting new partnership with Renault Group. As of 1st June 2023, Wallan Group becomes the official distributor for Renault in the Kingdom of Saudi Arabia, marking a major step forward...

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Government | Thursday 1 June, 2023 2:48 pm

Abu Dhabi invests AED 1 billion in ‘Channel Partners’ programme to enhance industrial investment ecosystem

The Abu Dhabi Department of Economic Development (ADDED) has announced the launch of ‘Abu Dhabi Channel Partners’ programme to further enhance the industrial investment ecosystem, by providing detailed guides of investment opportunities, supported by customised incentives packages to...

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Environment & Energy | Thursday 1 June, 2023 2:45 pm

UAE Wins Presidency of World Meteorological Organization

The UAE has won the presidency of the World Meteorological Organization (WMO), which functions as an authoritative body on weather, climate, hydrological and related environmental fields within the UN system.  His Excellency Dr. Abdulla Al Mandous, Director General of the...

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Technology & IT | Thursday 1 June, 2023 2:31 pm

Tech companies need to adopt a global approach to unlock the GCC digital economy

GCC countries are developing tech champions to accelerate the growth of their digital economies and establish the region as a significant player in the global tech industry. However, for some GCC tech companies, the path to success is challenged by hurdles in several areas– namely, innovation and ...

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Environment & Energy | Thursday 1 June, 2023 2:28 pm

11 Pre-proposals Shortlisted to Full Proposal Phase of UAEREP’s Fifth Cycle

The National Center of Meteorology (NCM), through the UAE Research Program for Rain Enhancement Science (UAEREP), has shortlisted 11 pre-proposals out of the 46 submissions reviewed by the International Technical Review Committee as part of the program’s 5th Cycle research...

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Business & Money | Thursday 1 June, 2023 1:27 pm

KAEC Launches New Special Economic Zone During SEZ Investment Forum in Riyadh

Organized by the Economic Cities and Special Zones Authority, the forum saw the launch of four special economic zones in the Kingdom  Following the announcement of Special Economic Zones (SEZs) in Saudi Arabia by His Royal Highness Prince Mohammad bin Salman bin Abdulaziz, Crown Prince...

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Technology & IT | Thursday 1 June, 2023 12:54 pm

YouTube, Roblox and Baby Shark: Kaspersky presents study results on children’s digital preferences in Saudi Arabia

Modern children get digital devices at a young age and begin navigating the cyberspace early – they explore the world, make friends, play games and learn. On International Children’s Day, a new Kaspersky Safe Kids study published on Kaspersky Daily reveals children’s digital interests &...

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