amana Introduces Competitive 4.5% Interest on Free Margin, Setting a New Standard for MENA’s Retail Customers
amana, a leading online trading platform in the Middle East, has introduced a new benefit for its retail customers, amanaEARN: a 4.5% interest rate on any free margin in their accounts, calculated daily and paid out each month directly into customer accounts. Unlike traditional fixed deposits in banks that generally require a lock-in period, amana […]
No fees on all MENA stocks: amana launches groundbreaking offer for its customers
Leading neobroker amana has launched a competitive pricing strategy to shake up the Middle East’s financial markets. Customers can now benefit from commission-free, zero-fee pricing on MENA stock trades in a bold move poised to offer investors and traders unparalleled access and affordability to the region’s stock markets. This approach, inspired by the success of […]
Economic, Financial and Political Tensions on Agenda for AM Best’s Annual MENA (Re)Insurance Market Briefing
LONDON — AM Best will host its annual MENA Insurance Market Briefing on 17 November 2023, at 9:00 a.m. (GST), at the Fairmont Dubai to discuss the potential impact of recent developments on Middle Eastern and North African insurance and reinsurance markets. Countries within the MENA region have faced varying challenges in recent years, from supply […]
Viridi Expands Global Presence with Launch of MENA Subsidiary
AL KHOBAR, Saudi Arabia & BUFFALO, N.Y. — Viridi, a developer of innovative battery technology that can be safely installed and operated in nearly any environment or location, is expanding its global presence through the launch of Viridi MENA. This subsidiary, headquartered in Al Khobar, Saudi Arabia, will work with partners in the region to […]
Charging the Future: TERRA Makes History as the FIRST to Bring Smart Battery Swapping to MENA!
Dubai, United Arab Emirates — In an era when the world is at a crossroads between sustainable living and technological innovation, TERRA, a pioneer in electric vehicle (EV) technology, is reshaping the last-mile delivery industry in the MENA region. Their groundbreaking Smart Battery Swapping solution, marks a historic moment, as they become the FIRST to […]
Haier’s Odyssey in the Middle East and Africa: Forging a Global Brand through Localized Innovation.
QINGDAO, China — For Chinese companies, planning localization layout in the local market to quickly enter and nurture global markets is becoming an imperative topic in their new phase of international expansion for China’s smart manufacturing. Recently, Ifeng.com’s premiere of “Chinese Brands Enhancing Life in the Middle East and Africa through Innovation” detailed Haier’s dynamic […]
Hikma and CanariaBio sign exclusive licensing agreement to bring Oregovomab to the Middle East and North Africa
London, United Kingdom – Hikma Pharmaceuticals PLC (Hikma), the multinational pharmaceutical company, today announces an exclusive license agreement with CanariaBio, a Korean biopharmaceutical company focused on the development and commercialization of immunotherapies for cancer. Under the terms of the agreement, Hikma has an exclusive license to commercialise Oregovomab in 18 Middle East and North Africa […]
Hikma and Cosmo partner on exclusive licensing agreement for Winlevi® (Clascoterone) for the Middle East and North Africa
London, United Kingdom — Hikma Pharmaceuticals PLC (Hikma), the multinational pharmaceutical company, today announces an exclusive license agreement with Cassiopea S.p.A., a subsidiary of Cosmo Pharmaceuticals N.V. (Cosmo). Cosmo is focused on developing and commercialising products to treat selected gastrointestinal diseases and dermatological conditions. Under the terms of the agreement, Hikma has an exclusive license to commercialise […]
Wa’ed Ventures leads a US $27 million Series A round for Rewaa, with participation from STC’s CIF, the largest Series A round for a SaaS company in MENA
Riyadh, Saudi Arabia — Rewaa, Saudi’s leading omnichannel inventory management system, accounting, and POS platform for the retail industry, announced that it raised $27 million in Series A funding round led by Wa’ed Ventures, a VC fund wholly owned by Aramco. STC’s Corporate Innovation Fund (CIF) participated in the round alongside Silicon Valley’s Graphene Ventures, […]
It’s here! Announcing Fresh Del Monte MENA’s new, revamped website!
Dubai, United Arab Emirates — Fresh Del Monte in the Middle East and North Africa (“MENA”) is proud to announce the launch of its newly redesigned website. Commenting on the launch, Racha El Aawar, Director of Marketing MENA said: “From functionality and appearance to easy navigation, we redesigned our new website to showcase our new brand […]
Hikma and Rakuten Medical sign exclusive licensing agreement for AlluminoxTM platform cancer treatment for the Middle East and North Africa
London, United Kingdom — Hikma Pharmaceuticals PLC (Hikma), the multinational pharmaceutical company, today announces an exclusive licensing and commercialisation agreement with Rakuten Medical, Inc. (Rakuten Medical), a global biotechnology company developing and commercialising precision, cell targeting therapies based on its proprietary Alluminox™ platform. Under the terms of the agreement, Hikma has an exclusive license to commercialise […]
Talmix and Khibraty Join Forces to Revolutionize On-Demand Business Talent in the MENA Region
LONDON, England & AMMAN, Jordan — Talmix, the global business talent marketplace, and Khibraty, the leading MENA digital matchmaking marketplace for expertise, today announced a strategic partnership to provide businesses in the MENA region with an unparalleled approach and experience for accessing business and consulting talent. This partnership reflects the increasing demand for specialized expertise […]
DMS Joins Forces with Footballco, Pioneering Innovative Football Content Solutions in MENA
Dubai, United Arab Emirates — Digital Media Services (DMS), the digital arm of Choueiri Group has been appointed as the Exclusive Media Representatives for global football content and media business, Footballco which is home to the two most popular digital football media brands in MENA, Kooora and GOAL. DMS, alongside Footballco’s Dubai-based commercial team, will […]
Ookla’s Second Annual MENA Telecommunications Regulatory Summit Unites Policymakers on the Future of Connectivity
SEATTLE — Ookla®, an internationally recognized leader in network measurement and connectivity intelligence, concluded its second annual Telecommunications Regulatory Summit in the Middle East & North Africa region, bringing together distinguished regulators from Jordan, Palestine, Iraq, Qatar, Bahrain, and Libya. Co-hosted by the Telecommunications Regulatory Commission of Jordan (TRC), the event served as a platform for […]
BEEAH signs JDA with Atkins to collaborate on radioactive waste management projects across the MENA region
Abu Dhabi, United Arab Emirates — BEEAH Group, the sustainability pioneer and digital expert in the Middle East and North Africa (MENA) region, has signed a Joint Development Agreement (JDA) with Atkins, the leading global design, engineering and project management consultancy and a member of the SNC-Lavalin Group, to enhance collaboration between the two organizations […]
A New Era for Online Payment Authentication: areeba to Introduce Biometric Reading in MENA
ZÜRICH — Areeba sal, the leading payment processing service provider in the Middle East is strengthening its partnership with the Swiss payment expert, Netcetera. This partnership started in 2020 with the implementation of the latest 3-D Secure protocol, supported by Netcetera’s Access Control Server (ACS). Today, in cooperation with Netcetera, areeba introduces Out-of-Band authentication (OOB) with […]
Twiser to Exhibit its OKR and Next Generation Performance Management Solutions at the HR Tech MENA Summit
DUBAI, United Arab Emirates — Twiser is one of the sponsors of the 9th Annual HR Tech MENA Summit on March 1-2, 2023, which is one of the region’s leading HR tech events. Excited to network with industry leaders, Twiser is pleased to be able to demonstrate its modern HR and tailored OKR (Objectives and […]
Clarity AI signs MoU with the Saudi Tadawul Group to Increase Access to Sustainability Assessment, Analysis and Reporting Capabilities for Companies in MENA
RIYADH, Saudi Arabia — Clarity AI, the leading global sustainability tech platform, has signed a Memorandum of Understanding (MoU) with the Saudi Tadawul Group, the largest stock exchange in the Middle East and North Africa (MENA) region with a market capitalization nearing $3 trillion, to facilitate the education of companies in the Kingdom of Saudi […]
Wassim Al-Khatib Joins Lazard as Chief Executive Officer, Middle East and North Africa Investment Banking
NEW YORK & RIYADH, Saudi Arabia — Lazard Ltd (NYSE: LAZ) today announced the appointment of Wassim Al-Khatib as Chief Executive Officer (CEO) of the firm’s Financial Advisory business in the Middle East and North Africa (MENA), and CEO of Lazard Saudi Arabia, subject to regulatory approval. Wassim Al-Khatib will be based in the Riyadh […]
UTI celebrates 60th anniversary in Dubai, says surging India economy offers MENA investors a long growth runway
Dubai, United Arab of Emiratis — One of India’s largest and oldest Asset Management companies, UTI Asset Management Co. LTD (UTI-AMC), today said investors from the Middle East and North Africa (MENA) region have a huge opportunity in the surging growth of India with the country’s economy on its way to being a US$5 trillion […]
Hikma and Celltrion Healthcare sign new exclusive licensing agreement for Vegzelma® for the Middle East and North Africa region
London, United Kingdom — Hikma Pharmaceuticals PLC (Hikma), the multinational pharmaceutical company, announces a new exclusive licensing agreement with Celltrion Healthcare Co., Ltd, a global biopharmaceutical company, for Vegzelma® (CT-P16, bevacizumab). Under the terms of the agreement, Celltrion Healthcare will be responsible for the development, manufacturing and supply of Vegzelma® and Hikma will be responsible for the […]
Hikma and Celltrion Healthcare sign exclusive licensing agreement for ustekinumab for the Middle East and North Africa region
London, England — Hikma Pharmaceuticals PLC (Hikma), the multinational pharmaceutical company, announces a new exclusive licensing agreements with Celltrion Healthcare Co., Ltd. for CT-P43 (ustekinumab). CT-P43 is a monoclonal antibody that is a proposed biosimilar to Janssen’s Stelara®. Under the terms of the agreement, Hikma will have exclusive rights to commercialise CT-P43 in all of its […]
Dar launches action plan for a net zero future in the MENA region
DUBAI, United Arab Emirates — At the United Nations’ Climate Change Conference 2022, international design firm Dar Al Handasah Consultants Shair and Partners – Dar – launched a research-backed action plan that countries in the Middle East and North Africa can follow to decarbonize three key sectors – the built environment, transportation, and water and […]
Basebone expands its MENA content offering, shines the spotlight on the contribution of Arabic creators
Dubai, United Arab Emirates — Over The Top (OTT) digital media services provider Basebone announced today that it will be significantly bolstering its Arabic-focused content within its flagship product baseplay™ as part of its expansion strategy within the Middle East and North Africa (MENA) region. The move comes on the back of ballooning demand by […]
Bidease Appoints Shayan Rahimi as Managing Director, MENA to Lead International Expansion in the Region
NEW YORK — We are pleased to announce that Bidease has opened a new office in Dubai, United Arab Emirates to build partnerships with app marketers, publishers and agencies across the Middle East and North Africa region and help them achieve their growth goals. Founded in the USA in 2016 and named one of the Americas’ […]
Entry Deadline Extension Announced for the 2023 Middle East & North Africa Stevie® Awards
FAIRFAX, Va. — By popular demand, the Stevie Awards have announced a general entry deadline extension for Middle East & North Africa Stevie ® Awards sponsored by RAK Chamber, UAE. Entries will now be accepted through January 17. (The original final deadline was November 9.) Details are available at http://MENA.StevieAwards.com. The Middle East Stevie & North Africa Awards are the […]
Tile of Spain taps region-centric ceramic trends to drive growth in the MENA region
Dubai, United Arab Emirates — Driven by a rebounding economy and a burgeoning demand for sustainable living and working spaces, the regional interior design market is emerging as a growth driver for the construction sector, which is projected to grow at CAGR of 4.69 percent by 2027, reaching a value of US$133.53 billion by 2027. […]
ironSource Expands Samsung Partnership, Launching on Samsung Mobile Devices in MENA
SAN FRANCISCO — ironSource (NYSE: IS), a leading business platform for the App Economy, today announced the expansion of its partnership with Samsung, as it launches on mobile devices in the Middle East and North Africa. Aura, ironSource’s solution suite for telecom operators and OEMs, is already integrated on Samsung mobile devices in more than 30 […]
Clarity AI: More than 80% of the Public Companies in the Middle East and North Africa Do Not Disclose Any Quantitative Sustainability Data
NEW YORK — Clarity AI, the leading global sustainability tech platform, announced today that in a sample of 40,000 public companies, approximately only 30% report at least one quantitative sustainability metric. As further requirements under the EU’s Sustainable Finance Disclosure Regulation (SFDR) come into force in fewer than 70 days, lack of available reported data […]
Collaboration between Al Hokair Group and IMPS to launch the first Smurfs FEC in the Mena region
ExCel London, United Kingdom — The recently concluded, Brand Licensing Europe tradeshow witnessed the signing of a license agreement between The Entertainment Industry’s Leader Al Hokair Group for Tourism and Development and International Merchandising, promotion, and services S.A (IMPS) that will see the launch the first Smurfs FECs in Dubai followed by more locations across the […]
Data and Dialogue Key Drivers of Philanthropic Impact across MENA
Sharjah, United Arab Emirates: To meet the growing demand for more cohesive philanthropic communities in the MENA region, Sheikh Saud Bin Saqr Al Qasimi Foundation for Policy Research in collaboration with the Organisation for Economic Co-operation and Development (OECD) Network of Foundations Working for Development (netFWD) and the Pearl Initiative, convened experts for a series […]
ComTech Gold $CGO becomes the first 100% Gold backed token to receive Shariah Certification in the MENA region
Dubai, United Arab Emirates — ComTech FZCO receives Shariah Compliance Certification for ComTech Gold Token (CGO), becoming the first in industry to be awarded a shariah certification for Gold tokenization product in the Region. Shariah certification (Fatwa) was issued by Amanie Advisors Ltd, an entity specialising in field of Shariah-compliant investments and Islamic finance solutions. ComTech […]
Procore Opens First MENA Office in Dubai to Reinforce Industry Commitment
DUBAI, United Arab Emirates — Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced the opening of its first Middle East and North Africa (MENA) office, located in Dubai’s Internet City, following a successful launch in the region last year. This new office reflects Procore’s long-term investment and commitment […]
Lazard Hires Sarah Al-Suhaimi to Chair Lazard’s Middle East and North Africa Investment Banking Business
NEW YORK & RIYADH, Saudi Arabia — Lazard Ltd (NYSE: LAZ) announced today that the firm has hired Sarah Al-Suhaimi as Chair of Lazard’s Financial Advisory business in the Middle East and North Africa (MENA), and that she will be appointed Chair of Lazard Saudi Arabia subject to regulatory approval. Her appointment demonstrates Lazard’s growing […]
Phosphorus Partners with CyberKnight to Expand xIoT Security to the Middle East and Africa
NASHVILLE, Tenn. — Phosphorus, the leading provider of advanced and full-scope security for the extended Internet of Things (xIoT), today announced a new distributor partnership for the Middle East and Africa (MEA) with CyberKnight, a leading cybersecurity value-added distributor for the region, in preparation for the official opening of the Phosphorus MEA office in Dubai […]
AM Best’s Annual Market Briefing on State of MENA (Re)Insurance Markets Returns to Dubai
LONDON — AM Best’s annual MENA Insurance Market Briefing will be held on 18 October 2022, at 9:00 a.m. (GST), at The Address Boulevard in Dubai to discuss the insurance and reinsurance markets of the region. The Middle East and North Africa (MENA) region’s (re)insurance markets can be characterised as highly competitive and fragmented. Economies […]
Best’s Market Segment Report: Shortcomings Still Present Despite Steady Improvements in ERM for MENA Insurers
LONDON — Enterprise risk management (ERM) frameworks and capabilities can vary widely among (re)insurers in the Middle East and North Africa (MENA), where economic, political and financial systems risks tend to be elevated, according to analysts at AM Best. A Best’s Market Segment Report, titled “Shortcomings Still Present Despite Steady Improvements in ERM for MENA […]
Hikma and Adalvo Sign Exclusive Licensing Agreement to Commercialise Allergic Rhinitis Medication across MENA Markets
Amman, Jordan — Hikma Pharmaceuticals PLC (Hikma), the multinational pharmaceutical company, announces an exclusive licensing agreement with Adalvo to commercialise a nasal spray medication used to treat an increasingly prevalent respiratory disease; allergic rhinitis (AR). The exclusive licensing and supply agreement with Adalvo expands Hikma’s respiratory portfolio in MENA. The licensed product is a combination […]
Largest Chain of Stretching Studios Globally TOPSTRETCHING Drives Massive Expansion in the Gulf and MENA Using a Franchising Business Model
DUBAI — TOPSTRETCHING, the leading chain of stretching and HIIT fitness studios, remarkable for being the first of its kind ‘for women only’, has announced plans for an impressive scale-up and expansion to 1,000 franchises globally. TOPSTRETCHING’s dominant social media presence of over 3 million followers combined and 1 billion organic impressions, positions it both […]
Imagia Canexia Health and Anwa Medical Company Enter Memorandum of Understanding to Bring Liquid Biopsy to Middle East and North Africa (MENA)
MONTREAL — Imagia Canexia Health, a genomics-based cancer treatment testing company that accelerates access to precision care by combining AI expertise with advanced molecular biopsy solutions, and Anwa Medical Co (“Anwa”), a leading genomic diagnostics laboratory group in the Kingdom of Saudi Arabia (“Saudi Arabia”), today announced that they have entered a Memorandum of Understanding […]
TrailRunner International Names Marwan Abedin Senior Advisor in Dubai Supporting Middle East North Africa Expansion
SOUTHLAKE, Texas — The strategic communications advisory firm TrailRunner International today announced the appointment of Marwan Abedin, founder and CEO of the Dubai-based financial consultancy Flatrace, as a senior advisor. Abedin will support TrailRunner’s growth in the Middle East North Africa (MENA) region while advising TrailRunner clients on inbound and outbound matters. For the past […]
Liminal Raises $4.7 Million Seed Round Led By Elevation Capital
SINGAPORE – Liminal, a wallet operations infrastructure that secures digital assets in a simple and efficient way, has raised $4.7 million in its seed funding round led by Elevation Capital. The round also saw participation from prominent investors like LD Capital, Woodstock, Nexus Ventures, and crypto ventures like CoinDCX, Hashed, Cadenza Ventures, Vauld, Better Capital, […]
Best’s Commentary: Market Preparedness for IFRS 17 in the MENA Region Varies
LONDON – IFRS 17, the new accounting standard for insurance contracts, will affect many insurers across the Middle East and North Africa (MENA) when it comes into force for reporting periods beginning on or after 1 January 2023. Analysis from AM Best suggests preparation for the new regime varies significantly by country and insurer. A […]
OECD Dialogue on Private Philanthropy in MENA highlights data-driven approach is key to success
Dubai, United Arab Emirates -The Organisation for Economic Co-operation and Development (OECD) hosted a dialogue on the role of private philanthropy in the Middle East North Africa (MENA) region. The discussion, titled, “Data and Dialogue on Private Philanthropy for Development: Regional study to unpack Private Philanthropy for Development from MENA,” convened expert participants from across […]
Wallet Factory Wins Gold Stevie® Award In 2022 Middle East & North Africa Stevie Awards
DUBAI, United Arab Emirates – Wallet Factory, a FinTech provider of reliable digital financial services and platforms for banks and NBFI, has announced to become the winner of a GOLD Stevie® Award for the Innovation in Technology Development in the Financial Services category in the third annual Middle East & North Africa Stevie Awards, sponsored […]