Business & Money | Thursday 1 June, 2023 3:47 pm

RAKEZ hosts employee town hall to unveil ambitious 5-year strategy

Ras Al Khaimah Economic Zone (RAKEZ) successfully hosted a town hall meeting for all staff members to unveil its ambitious 5-year strategy. The town hall provided employees with valuable insights into the organisation's vision and goals for the coming years.   The key objective...

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Sports | Thursday 1 June, 2023 3:26 pm

Saudi Sports for All Federation Recognized as the National Governing Body for Functional Fitness in Saudi Arabia

Today, the International Functional Fitness Federation (iF3) announced its recognition of the Saudi Sports for All Federation (SFA) as the national governing body for functional fitness in Saudi Arabia.    SFA — the main body responsible for developing community sports in ...

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Business & Money | Thursday 1 June, 2023 3:19 pm

Saudi Contractors Authority rolls out contractor pre-qualification program for PIF units

The Saudi Contractors Authority (SCA) and the Public Investment Fund (PIF) launched the contractor pre-qualification program for the fund’s units. The program aims to provide various services and facilities, enabling contractors to pre-qualify under the applicable technical standards. This...

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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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