Business & Money | Wednesday 4 September, 2019 2:49 pm

Advanced Electronics Company to showcase latest energy solutions line-up at World Energy Congress in Abu Dhabi

 Advanced Electronics Company (AEC) today announced that it will participate as part of Saudi Arabia’s pavilion in the 24th edition of the World Energy Congress (WEC) set to take place from 9-12 September in Abu Dhabi under the patronage of H.H. Sheikh Khalifa Bin Zayed Al Nahyan,...

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Business & Money | Wednesday 4 September, 2019 1:13 pm

Alkhabeer Capital announces a capital increase of 10% to SAR 894.5 million

Alkhabeer Capital, a prominent asset management company specializing in alternative investments, announces that it has increased its paid-up capital by 81.3 million, a 10 percent increase to SAR 894.5 million, following the approval of its shareholders at the Company’s 7th Annual General ...

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Business & Money | Wednesday 4 September, 2019 12:55 pm

SAMI’s executive team of local and international experts set to continue company’s journey towards Saudi Vision 2030 goals

Dr. Andreas Schwer, CEO of Saudi Arabian Military Industries (SAMI), has announced the completion of the company’s executive management team. The team includes a number of distinguished national leaders and international experts specialized in the military industries, as well as the...

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Business & Money | Wednesday 4 September, 2019 12:11 pm

Innovation in Warehousing, Intralogistics and Supply Chain Solutions through Automation Related Facts and Numbers

·      The Middle Eastautomated materials handling equipment segment is growing rapidly at a CAGR of 8.6 percent and is expected to reach US $498.5 million by 2023, across the full spectrum of...

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Business & Money | Wednesday 4 September, 2019 7:15 am

IQ Robotics, MENA region’s first fully robotic implementation, set to transform Dubai’s logistics sector

IQ Robotics, an Artificial Intelligence-driven fully robotic business that’s spearheading the digital transformation of the logistics sector, has been launched in Dubai. The brainchild of Fadi Amoudi, IQ Robotics, marked its official launch at the Materials Handling Middle East exhibition...

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Business & Money | Wednesday 4 September, 2019 5:00 am

Motherson Sumi Systems Ltd establishes a manufacturing unit at RAKEZ

Ras Al Khaimah Economic Zone (RAKEZ) has recently added another giant Indian conglomerate to its client portfolio – Motherson Sumi Systems Ltd (MSSL), one of the global leaders in the field of automotive wire manufacturing. MSSL’s RAKEZ-registered subsidiary, Motherson PKC Harness...

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Business & Money | Wednesday 4 September, 2019 2:30 am

Faraj Fund Partners with Dubai Cares to Support Children of Prison Inmates with School Supplies

Faraj Fund teamed up with Dubai Cares, a philanthropic organization working to improve children’s access to quality primary education, to distribute 350 school kits for children of inmates from penal institutions and correctional facilities across the UAE.    Mr Saqr Al Nuimi, ...

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Business & Money | Wednesday 4 September, 2019 1:00 am

Azizi Developments marks 92% construction completion of Farishta

Azizi Developments, one of the leading private developers in the UAE, has recorded a construction completion of 92 per cent for Farishta, its new residential tower in Al Furjan, an up-and-coming strategic location with excellent connectivity. Farishta, comprising 284 elegantly designed...

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Business & Money | Tuesday 3 September, 2019 2:39 pm

New General Manager appointed for Uber Eats in Saudi Arabia

Uber today announced the appointment of Assad Numan as the new General Manager for Uber Eats operations in Saudi Arabia. Following the launch of Uber Eats in Riyadh, Jeddah and Dammam, Numan will be leading the next phase of expansions and developments across the Kingdom.    Based...

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Business & Money | Tuesday 3 September, 2019 10:17 am

Ajman Free Zone partners with Al Zorah Development Company to manage Al Zorah Business Centre

Ajman Free Zone has entered into an agreement with the free zone entity of Al Zorah - a partnership between Solidere International and Ajman Government -  and a premium lifestyle and leisure destination, to operate the developments of 3,000 ft state-of-the-art Business...

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