May 11, 2023

The United Arab Emirates: A Thriving Business Hub with a Diverse Economy

The United Arab Emirates (UAE) is a rapidly growing country that has made significant strides in developing its economy over the past few decades. With a favorable business environment and a strategic location between Europe, Asia, and Africa, the UAE has become a hub for international trade and commerce.The UAE’s economy is primarily driven by […]

Doctor M
May 11, 2023

Magrabi Retail Group plans to expand its Doctor M stores across the Middle East.

Doctor M has quickly established a strong presence in Saudi Arabia, where it was launched in 2021.

Central Bank of Oman
May 11, 2023

The Central Bank of Oman has released treasury bills with a value of $36 million.

The Central Bank of Oman is a critical component of the country’s economic policy.

Chalhoub Group
May 11, 2023

Chalhoub Group of UAE to launch its primary distribution center at Saudi Arabia’s inaugural special logistics zone

Chalhoub Group, a UAE-based luxury retail distribution company, has received a license to operate a fulfillment center at Saudi Arabia’s first special integrated logistics zone.

SoftBank
May 11, 2023

SoftBank is close to reaching an agreement to sell Fortress Investment Group to Mubadala for $3 billion.

The potential sale of Fortress is in line with SoftBank’s strategy of divesting non-core assets to pay down debt and raise cash.

Incubator
May 11, 2023

Saudi Arabia introduces incubator and accelerator programs to aid SMEs.

Entrepreneurs in Saudi Arabia are set to receive a boost from the new Industrial Business Accelerator and Incubator.

Mozn
May 11, 2023

Mozn has announced its expansion plans in the GCC region with the launch of its services in the UAE.

Saudi Arabia’s Mozn has announced its regional expansion plans.

Dana Gas
May 11, 2023

Dana Gas has announced a net profit of Dh183 million for the first quarter of 2023.

Dana Gas’ performance in the first quarter of 2023 comes amid a challenging environment for the energy industry.

Arkan
May 10, 2023

Emirates Steel, a subsidiary of Arkan Building Materials, almost doubled its net profit in Q1 2023 to Dh152.17 million.

Emirates Steel Arkan’s impressive Q1-2023 results are a reflection of the company’s focus on operational efficiency.

PureHealth
May 10, 2023

PureHealth has finalized a deal worth Dh1.8 billion to acquire a stake in a healthcare provider based in the United States.

The acquisition of Ardent Health Services is just one of several strategic initiatives undertaken by PureHealth to expand its integrated healthcare services globally.

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