Business

In the presence of the Minister of Industry and Mineral Resources, His Excellency Mr. Bandar Ibrahim Alkhorayef, the Saudi Authority for Industrial Cities and Technology Zones (MODON) concluded two agreements for the establishment of two industrial complexes within the two industrial cities, the Second Industrial City in Makkah and Al Kharj, with investments exceeding SAR 2 billion.

Bayut’s latest Q3 2019 market report shows that the Abu Dhabi real estate market offers healthy conditions for home buyers/investors after the opening of key investments zones for freehold expat property ownership. Sales prices in the capital have taken a positive turn with the prices either holding steady or slightly increasing.

Marchon Eyewear, Inc. and Lanvin S.A., announced today that they have entered into an exclusive, long-term global licensing agreement for sun and optical eyewear under the Lanvin brand name.

The first men’s and women’s eyewear collections developed under this partnership are scheduled for global release in September 2020. In advance of that, a capsule collection comprised of four sunglasses, will be previewed in March 2020.

Annual Investment Meeting (AIM), world’s leading investment platform, an initiative of the UAE Ministry of Economy, held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai, is gearing up to mark its 10th edition at Dubai World Trade Centre on 24-26 March 2020.

Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, announces an investment in The Mobility House, a technology company that provides a platform for integrating vehicle batteries into power grids using intelligent charging, energy and storage solutions.

DarkMatter Group, the region’s first and only fully integrated digital and cyber transformation firm, today announced the appointment of two global leaders to bolster the organization’s journey in providing smart and safe digital solutions to its clients. Effective immediately, Nilesh Patel will serve as EVP of Secure Solutions and Joshua Knight will serve as EVP of Cyber Defense.

Insure & Match Capital (IM Capital), funded by the United States Agency for International Development (USAID) under the MENA Investment Initiative (MENA II), celebrated the graduation of its fourth batch of the Seeders - Lebanese Women Angel Fund (LWAF) Masterclass for Business Angels - MBA Class of 2018-2019.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, issued directives to launch the next edition of the World Government Summit at Expo 2020 Dubai in November 22-25, 2020.  

The exceptional “World Government Summit- Expo 2020” will be the biggest gathering yet since its inception with expected attendance of over 10,000 high-profile officials, 30 international organizations and 600 experts and scholars.

Booz Allen Hamilton continues to cement its market leadership position in the MENA Region with two strategic appointments to drive its business objectives.

The fortified senior team will help government and commercial organizations build strategic roadmaps, implement innovative initiatives, drive adaptability, transformation and resiliency, and support these organizations’ core missions in rapidly changing environments.

Nissan today announced changes to its senior leadership with the appointments of Joni Paiva as Regional Vice President, Marketing and Sales for Africa, Middle East and India, and Thierry Sabbagh as Managing Director of Nissan Middle East.