Wednesday 8 February 2023

Top Saudi banks announce $2bn support for tech startups

The LEAP23 Conference, on its second day, announced a series of technical announcements, including numerous support and funding programs, mainly launching supportive and empowerment programs for technological startups with accelerated growth to become unicorn companies, reported SPA.


India's Al Amir Food to set up new factory in Ras Al Khaimah

Indian group Al Amir Food Industries (AAFI) has announced that it has reached an agreement with Ras Al Khaimah Economic Zone (RAKEZ) for the establishment of its new factory on a 13,500 sq m area within the Al Ghail Industrial Zone in the emirate.   The new proc


Etihad Cargo in strategic deal to expand African network

Etihad Cargo, the cargo and logistics arm of UAE national airline Etihad Airways, has signed a MoU with Astral Aviation to expand the partnership between the two parties and enhance the cooperation between Abu Dhabi and Nairobi, further growing Etihad Cargo’s reach into the African mark


Saudi's RedSea appoints two new divisional heads

RedSea, the sustainable AgTech business whose pioneering technology enables commercial farming in hot climates globally, announces the appointment of two new divisional heads - Chief Agricultural Officer and Chief Plant Science Officer - thus reinforcing the company’s strategy to develo


Madayn discusses ways to expedite Sur International Port

The Board of Directors of Oman’s Public Establishment for Industrial Estates (Madayn) have visited the site of the international port project planned in Sur Industrial City and discussed ways to accelerate its pace of work.   At its second meeting of the y


Afaneh named commercial tyre Business Director at Goodyear

Goodyear Middle East & Africa (MEA) has announced the appointment of Hamzeh Afaneh as Director of its Commercial tyre business.   Afaneh joined Goodyear MEA in early 2021 as Commercial Regional Manager. In that role, Afaneh led the team for the Gulf Cooperat


Gulf Islamic Investments sets up new company in Bahrain

Gulf Islamic Investments (GII) a leading shari’ah-compliant global alternative investment company, with over $3 billion of assets under management in real estate, private equity and venture capital, has announced the opening of its new company, Gulf Ventures Capital, with headquarters i


Mitsumi Distribution opens new logistics centre in Dubai

Mitsumi Distribution, a leading distributor of information technology, telecom and enterprise solutions, has announced the opening of its advanced warehouse at Jebel Ali in Dubai.   The Mitsumi Logistics Centre (MLC), which is its second in the emirate, will ser


Osool Smart Applications inks deal with UAE engineers group

Sharjah Asset Management Company, the investment arm of the northern emirate, said its key unit Osool Smart Applications has signed a memorandum of cooperation with the UAE Society of Engineers, detailing its commitment to providing the first phase of the package of digital services t


EDGE to launch advanced defence solutions at IDEX 2023

EDGE Group, an advanced technology group for defence and beyond, said it will be showcasing a wide range of its products and solutions in the areas of autonomous systems, smart weapons, land systems, naval systems at the International Defence Exhibition (IDEX 2023) to be held from February 20

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