June 3, 2023

The PIF of Saudi Arabia has announced its intention to acquire a 30% stake in the Kingdom’s premier grocery chain.

Saudi Arabia’s Public Investment Fund (PIF), the Kingdom’s sovereign wealth fund, has announced its strategic investment in Tamimi Markets Co., a prominent grocery chain in Saudi Arabia.

June 3, 2023

Lucid Group intends to secure $3 billion in funding, with a primary focus on the Saudi Arabian PIF.

Lucid Group, has announced its plans to raise $3 billion through a combination of a stock offering and a private placement

June 3, 2023

PwC Middle East celebrates the opening of its regional headquarters in Riyadh.

In a significant milestone for PwC Middle East, a leading professional services firm in the region, its official regional headquarters in Riyadh was inaugurated on Wednesday.

June 2, 2023

Shraddha Barot Amariei: A Journey of Fearlessness and Empathy

In a world bustling with entrepreneurs, Shraddha Barot Amariei stands out as a remarkable individual whose entrepreneurial ventures have left an indelible mark on the business landscape of the United Arab Emirates.

June 2, 2023

The Ministry of UAE and FAB collaborate to provide investors with financing solutions worth Dh5 billion.

The Ministry of UAE and First Abu Dhabi Bank (FAB) have joined forces in a groundbreaking collaboration aimed at offering substantial financing solutions to investors.

June 2, 2023

TCL aims to broaden its footprint in the region.

TCL, the world’s second-largest TV brand, experienced a remarkable growth of 54 percent in the UAE last year and has high hopes of maintaining this momentum throughout the current year, as revealed by company officials in Dubai on Wednesday.

June 2, 2023

Dubai Silicon Oasis is actively involved in GITEX Africa 2023

Dubai Silicon Oasis, the leading technology park and integrated free zone in Dubai, is actively involved in GITEX Africa 2023, demonstrating its commitment to expanding its presence in the African market.

June 2, 2023

Emirates NBD facilitates a term loan facility of AED 750 million for Dar Global.

Emirates NBD, one of the leading banks in the United Arab Emirates, has successfully facilitated a bilateral loan of AED 750 million for Dar Global, a UAE-based subsidiary of the London-listed international real estate company.

June 2, 2023

PureHealth has committed to allocating AED13 billion towards local procurement in the next decade.

PureHealth, the largest integrated healthcare platform in the Middle East, has reaffirmed its commitment to the National In-Country Value (ICV) Programme by announcing a 30 percent increase in its 10-year commitment to local procurement.

June 2, 2023

The CEO of NAFFCO highlights the strong infrastructure in the UAE as the foundation of their success.

Khalid Al-Khatib, the CEO of NAFFCO, has underscored the vital role played by the UAE’s robust infrastructure and the unwavering support from the government in his success and the remarkable growth of NAFFCO.

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