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Jack Ma Outlines Succession Plan for Alibaba in Powerful Letter

Alibaba Group Holding Limited (NYSE: BABA) today announced that one year from today, September 10, 2019, chief executive officer Daniel Zhang will succeed Jack Ma as chairman of the board of Alibaba Group. Mr. Ma will continue as executive chairman…

I Squared Capital Makes A Big Statement with $7 Billion Global Infrastructure Fund

I Squared Capital, a leading global infrastructure investment manager, has closed its ISQ Global Infrastructure Fund II at the $7 billion legal cap, exceeding an initial target of $5 billion. The fund received commitments from over 100 institutional investors with…

WeWork Announces $500 Million Series B Investment in WeWork China

WeWork Companies (“WeWork”) today announced a $500 million Series B investment in WeWork China led by Trustbridge Partners (“Trustbridge”), Temasek, the SoftBank Group (“SoftBank”), the SoftBank Vision Fund (“Vision Fund”) and Hony Capital. This funding will accelerate WeWork’s growth in…

Robots Taking Your Jobs: Automation Is Taking The GCC by Storm

The Gulf region’s automation industry is on track for double digit growth over the next five years, as recovering oil prices and government economic diversification plans boost demand for industrial and building automation technologies, according to new research. A July…

H3 Dynamics Launches H3 Zoom.AI for A.I. & Drones Inspection of Skyscrapers

H3 Dynamics Holdings announces the launch of H3 Zoom.AI, a new cloud-based and artificial intelligence enabled services platform that connects with camera drones to offer a safer, faster, and more accurate alternative to dangerous, difficult to reach, or mass-scale maintenance…

QNB Group Posts Almost 2 Billion USD Net Profit for First Half of 2018

QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the six months period ended 30 June 2018.  For the first half of 2018, Net Profit reached QAR7.1 billion (USD1.9 billion), up…

Nortal and Al Maskari Holding Partner to Boost Digital Transformations in UAE

Nortal, a multinational strategic change and technology company, and Al Maskari Holding (AMH) signed a cooperation agreement in June 2018 to introduce in the United Arab Emirates Nortal’s unique experience in creating change in governments, as well as businesses, with…

Hertz Announces Exclusive Lease Deals On New Toyota Models

Hertz UAE, a part of the Al-Futtaim Automotive Group, launched a one-month-long lease promotion exclusively for five new Toyota models. The promotion offers individual and corporate customers a cost effective single stop solution to enjoy the benefits of driving a…

Sacoor Brothers to Officially Dress Cristiano Ronaldo and Portuguese National Team

Sacoor Brothers is the new official fashion partner of the National Football Team of Portugal and The Portuguese Football Federation staff, becoming the formal fashion partner of the Portuguese delegation that traveled to Russia for the World Cup. The agreement…

ADNOC Announces Massive $45 Billion Investment Plan

The Abu Dhabi National Oil Company (ADNOC) today unveiled plans to invest US $45 billion alongside partners, over the next five years, to become a leading global downstream player. The plans were unveiled at the ADNOC Downstream Investment Forum, which…

Al Kasir Group launches Diamond Trading on Blockchain

Members of the Private Office of H.H. Sheikh Ahmad Bin Obaid Al Maktoum, AL KASIR JEWELLERY TRADING and AL KASIR PORTAL announced the launch of Diamond Trading on Blockchain with three Diamond-backed Blockchain-Assets. These Assets are stored in highly secure…

UAE Cybersecurity Startup VUL9 to Jointly Service Government of Sudan with NCTR

On April 3rd, UAE based cybersecurity company VUL9 Security Solutions signed an MoU with Sudan’s Nile Centre for Technology Research, in preparation for a comprehensive partnership that will see the two entities work closely on revamping cybersecurity efforts across government…

Emirates NBD and Dynamics Partner to Introduce UAE’s First Battery-Powered Interactive Payment Card

Dynamics Inc. and Emirates NBD, a leading bank in the Middle East and a front-runner in digital banking solutions today at the 2018 Consumer Electronics Show (“CES”) announced plans to introduce the first battery-powered, interactive payment cards to the United…

Strategic Investment in Education and Professional Skills Will Improve GCC Healthcare Sector

Dr Mountasser Kadrie, programme director for the Master of Healthcare Administration (MHA) at Walden University, discusses the golden opportunity for the Gulf Cooperation Council (GCC) countries to become world-leading destinations for healthcare through strategic and targeted investment in people and…

Instaclass.com Online Tutoring Platform Officially Launches In the Middle East

Instaclass.com, the online learning platform for all, has announced the official launch of its operation in the Middle East today. Instaclass.com platform is a revolutionary tool that connects learners and tutors throughout the region via online interactive video sessions, covering a wide…

Eat, TripAdvisor, and Time Out Dubai Partner to Transform the Restaurant Industry in Dubai

Visitors to either the TripAdvisor or Time Out Dubai websites are now able to make instantly confirmed bookings at hundreds of partner restaurants through the integration of Eat’s real-time table booking technology. Founded by Nezar Kadhem, and based in Dubai,…

Blockchain, Artificial Intelligence & Ransomware on Agenda for RSA® Conference 2017 Abu Dhabi

RSA® Conference (http://www.rsaconference.com/), the world’s leading information security conference and exposition, has today announced the agenda for this year’s event, which includes a dynamic offering of thought-provoking keynotes and engaging sessions. The conference will be held from November 7-8, 2017…

NMC Health the First Middle East Company to be Listed on the FTSE 100

NMC Health, the largest private healthcare provider in the United Arab Emirates, has just been promoted to the UK’s leading FTSE 100 index. The company has emerged as the first Middle Eastern company to be listed on such index, which…

Global Business Leaders and Entrepreneurs to Gather in RAK for the Young Global Leaders Summit

The founder of the UAE’s largest law firm, Essam Al Tamimi, and Silicon Valley venture capitalist, Guy Kawaski, will join Indian YouTube sensation, Varun Pruthi, at Ras Al Khaimah’s Young Global Leaders Summit. Organised by the regional business and policy…

VUL9 and M3KOD Announce Partnership to Bring Web and Mobile Development Know How to the UAE

Morocco is not alway synonymous with technology and startups, yet UAE based cybersecurity company VUL9 didn’t think twice before reaching out to Morocco based startup M3KOD in order to bring Moroccan web development know-how to the UAE. VUL9 Security Solutions,…