GCC

Yamin Shihab appointed as the Managing Director for Colliers Project Leaders- Middle East

Retrieved on: 
Thursday, February 22, 2024
Well, Collier, Risk management, GCC, Management

DUBAI, UAE, Feb. 22, 2024 /PRNewswire/ -- Well-known diversified real estate services provider, Colliers Project Leaders- Middle East, has elevated Yamin Shihab to Managing Director.

Key Points: 
  • DUBAI, UAE, Feb. 22, 2024 /PRNewswire/ -- Well-known diversified real estate services provider, Colliers Project Leaders- Middle East, has elevated Yamin Shihab to Managing Director.
  • Yamin joined the firm in 2011 in Calgary, Canada, and went on to lead the Middle East business of Colliers Project Leaders in 2015.
  • "The next growth phase of Colliers Project Leaders- Middle East is an exciting one, and Yamin is the apt leader to steer the business ahead.
  • I am confident that Yamin will continue to mentor our talent, cultivate business relations, and unlock higher value for the firm," says Sankey Prasad, Chairman & MD, India & Middle East- Colliers Project Leaders.

Yamin Shihab appointed as the Managing Director for Colliers Project Leaders- Middle East

Retrieved on: 
Thursday, February 22, 2024
Well, Collier, Risk management, GCC, Management

DUBAI, UAE, Feb. 22, 2024 /PRNewswire/ -- Well-known diversified real estate services provider, Colliers Project Leaders- Middle East, has elevated Yamin Shihab to Managing Director.

Key Points: 
  • DUBAI, UAE, Feb. 22, 2024 /PRNewswire/ -- Well-known diversified real estate services provider, Colliers Project Leaders- Middle East, has elevated Yamin Shihab to Managing Director.
  • Yamin joined the firm in 2011 in Calgary, Canada, and went on to lead the Middle East business of Colliers Project Leaders in 2015.
  • "The next growth phase of Colliers Project Leaders- Middle East is an exciting one, and Yamin is the apt leader to steer the business ahead.
  • I am confident that Yamin will continue to mentor our talent, cultivate business relations, and unlock higher value for the firm," says Sankey Prasad, Chairman & MD, India & Middle East- Colliers Project Leaders.

Bahrain Attracts a Record USD 1.7 Billion in Investments for 2023 Boosting Job Creation and Sustainable Economic Growth

Retrieved on: 
Tuesday, February 20, 2024
ICT, Information and communications technology, USD, Climate, Investment, Central bank, Tourism, Gulf Cooperation Council, Government, GCC, FDI, Information, GDP, Sustainable development, Legislation, Development, Travel, Creative industries

MANAMA, Bahrain, Feb. 20, 2024 /PRNewswire/ -- Bahrain Economic Development Board (Bahrain EDB), supported by Team Bahrain, has achieved a remarkable milestone securing a record level of investments upwards of USD 1.7 billion in 2023, marking a massive influx equivalent to a year-on-year increase of 55% compared to the USD 1.1 billion in investments generated by Bahrain EDB in 2022. The investments for 2023, which stem from 85 local and international projects, are projected to generate over 5,700 employment opportunities over a three-year period across priority sectors in the interest of promoting economic diversification and sustainable growth.

Key Points: 
  • MANAMA, Bahrain, Feb. 20, 2024 /PRNewswire/ -- Bahrain Economic Development Board (Bahrain EDB), supported by Team Bahrain, has achieved a remarkable milestone securing a record level of investments upwards of USD 1.7 billion in 2023, marking a massive influx equivalent to a year-on-year increase of 55% compared to the USD 1.1 billion in investments generated by Bahrain EDB in 2022.
  • The highest level of investments was attracted into the financial services sector, demonstrating the sector's strength, resilience, and ability to attract leading global players.
  • Khalid Humaidan, Governor of the Central Bank of Bahrain, stated, "2023 is a milestone year for Bahrain EDB.
  • Backed by the agile support of Team Bahrain, a record upwards of USD 1.7 billion in direct local and international investments were attracted into multiple sectors, which will effectively contribute to sustainable economic growth, boosting employment and training opportunities within the local workforce."

Bahrain Attracts a Record USD 1.7 Billion in Investments for 2023 Boosting Job Creation and Sustainable Economic Growth

Retrieved on: 
Tuesday, February 20, 2024
ICT, Information and communications technology, USD, Climate, Investment, Central bank, Tourism, Gulf Cooperation Council, Government, GCC, FDI, Information, GDP, Sustainable development, Legislation, Development, Travel, Creative industries

MANAMA, Bahrain, Feb. 20, 2024 /PRNewswire/ -- Bahrain Economic Development Board (Bahrain EDB), supported by Team Bahrain, has achieved a remarkable milestone securing a record level of investments upwards of USD 1.7 billion in 2023, marking a massive influx equivalent to a year-on-year increase of 55% compared to the USD 1.1 billion in investments generated by Bahrain EDB in 2022. The investments for 2023, which stem from 85 local and international projects, are projected to generate over 5,700 employment opportunities over a three-year period across priority sectors in the interest of promoting economic diversification and sustainable growth.

Key Points: 
  • MANAMA, Bahrain, Feb. 20, 2024 /PRNewswire/ -- Bahrain Economic Development Board (Bahrain EDB), supported by Team Bahrain, has achieved a remarkable milestone securing a record level of investments upwards of USD 1.7 billion in 2023, marking a massive influx equivalent to a year-on-year increase of 55% compared to the USD 1.1 billion in investments generated by Bahrain EDB in 2022.
  • The highest level of investments was attracted into the financial services sector, demonstrating the sector's strength, resilience, and ability to attract leading global players.
  • Khalid Humaidan, Governor of the Central Bank of Bahrain, stated, "2023 is a milestone year for Bahrain EDB.
  • Backed by the agile support of Team Bahrain, a record upwards of USD 1.7 billion in direct local and international investments were attracted into multiple sectors, which will effectively contribute to sustainable economic growth, boosting employment and training opportunities within the local workforce."

'The Cloud' Secures $12 Million in Series B Funding, Acquires Leading UK Food Tech Startup KBOX, Aiming for Expansion in Europe

Retrieved on: 
Monday, February 19, 2024
Acquisition, The Cloud, Investment, KBOX, Growth, Eye, GCC, Venture round, City, Food industry, Retail

The funding round saw participation from a new investor, MENA Moonshots , showcasing confidence in The Cloud's ambitions to innovate and expand.

Key Points: 
  • The funding round saw participation from a new investor, MENA Moonshots , showcasing confidence in The Cloud's ambitions to innovate and expand.
  • With a vision deeply rooted in leveraging in-house technology to disrupt the food industry, The Cloud's acquisition of KBOX strategically expands its global footprint by 200 locations in the UK.
  • The Series B funding, a balanced mix of equity and debt, is a testament to The Cloud's business model and its vision.
  • We believe that The Cloud will gain significant market share in the UK market through the acquisition of KBOX.

Yango Unveils Yango Play in MENA: An AI-Powered Entertainment Super App with Movies, Series, Music, and Mini-Games

Retrieved on: 
Sunday, February 18, 2024
Television, Music, Emotion, Weather, Catalog, GCC, Video game

Now available in the KSA, UAE, and other GCC countries, the service provides subscribers with cross-platform access on smartphones, and TVs.

Key Points: 
  • Now available in the KSA, UAE, and other GCC countries, the service provides subscribers with cross-platform access on smartphones, and TVs.
  • The new super app places significant emphasis on upholding authentic content, celebrating regional production studios and artists.
  • Yasmina, the bilingual AI assistant integrated into Yango Play, interacts with users in Arabic and English and redefines their entertainment experience.
  • Yasmina guides you through the Yango Play app and makes your experience more enjoyable.

Africa & Middle East Social Commerce Market Intelligence Report 2024: Rising Usage of Social Media Platforms will Drive the Trend of Social Buying

Retrieved on: 
Saturday, February 17, 2024
Social commerce, Social media, Partnership, Chalhoub Group, Growth, Greenhouse, GCC, Operational definition, SleekFlow, Online shopping

Social commerce industry in Africa & Middle East is expected to grow by 34.0% on annual basis to reach US$12.58 billion in 2024.

Key Points: 
  • Social commerce industry in Africa & Middle East is expected to grow by 34.0% on annual basis to reach US$12.58 billion in 2024.
  • The social commerce market is poised to record strong growth in the Middle East and Africa markets over the medium term.
  • New players have entered the Middle East market in 2023 and the trend is projected to continue further in 2024.
  • With over 50+ KPIs at country level, this report provides a comprehensive understanding of social commerce market dynamics, market size and forecast, and market share statistics.

DIFC's 20th Anniversary Takes Flight with Strong Contribution to Dubai's Economy and Record-Breaking Annual Results

Retrieved on: 
Thursday, February 15, 2024
Innovation, Nasdaq Dubai, Dubai International Financial Centre, Growth, ESG, GCC, AED, Fintech, Ecosystem, Cryptocurrency

Reflecting DIFC's position as the primary choice for financial services related companies and innovation firms over the last 20 years, the results catapulted DIFC towards its Strategy 2030 targets which include doubling its contribution to Dubai GDP."

Key Points: 
  • Reflecting DIFC's position as the primary choice for financial services related companies and innovation firms over the last 20 years, the results catapulted DIFC towards its Strategy 2030 targets which include doubling its contribution to Dubai GDP."
  • 2023 combined revenues grew at their fastest levels since inception, approaching AED 1.3bn, 23 per cent higher than 2022.
  • Reflecting the strength of DIFC's financial position, total assets were AED 18bn, an increase of 18 per cent.
  • DIFC-based family business foundation structures also surged by 53 per cent to 443, reflecting a significant uptake during 2023.

DIFC's 20th Anniversary Takes Flight with Strong Contribution to Dubai's Economy and Record-Breaking Annual Results

Retrieved on: 
Thursday, February 15, 2024
Innovation, Nasdaq Dubai, Dubai International Financial Centre, Growth, ESG, GCC, AED, Fintech, Ecosystem, Cryptocurrency

Reflecting DIFC's position as the primary choice for financial services related companies and innovation firms over the last 20 years, the results catapulted DIFC towards its Strategy 2030 targets which include doubling its contribution to Dubai GDP."

Key Points: 
  • Reflecting DIFC's position as the primary choice for financial services related companies and innovation firms over the last 20 years, the results catapulted DIFC towards its Strategy 2030 targets which include doubling its contribution to Dubai GDP."
  • 2023 combined revenues grew at their fastest levels since inception, approaching AED 1.3bn, 23 per cent higher than 2022.
  • Reflecting the strength of DIFC's financial position, total assets were AED 18bn, an increase of 18 per cent.
  • DIFC-based family business foundation structures also surged by 53 per cent to 443, reflecting a significant uptake during 2023.

UAE Logistics Market Gears Up for Takeoff: $52.6 Billion Boom by 2027 Fueled by Trade & E-commerce: Ken Research

Retrieved on: 
Wednesday, February 14, 2024
Aramex, FedEx, Blockchain, Workforce, AI, Traction, Intelligence, Investment, Transport, Tourism, Growth, GCC, DHL, Health care, Agility Logistics, Automation, Food delivery

The United Arab Emirates' logistics market is soaring to new heights, fueled by a booming economy, strategic location, and the ever-expanding e-commerce sector.

Key Points: 
  • The United Arab Emirates' logistics market is soaring to new heights, fueled by a booming economy, strategic location, and the ever-expanding e-commerce sector.
  • Ken Research's " UAE Logistics Market Outlook to 2027" report predicts a remarkable 7.8% CAGR, translating to a staggering $52.6 billion market size by 2027.
  • This press release unlocks the key drivers, challenges, and exciting prospects waiting to be explored in this dynamic realm.
  • Beyond physical movement of goods, the UAE's logistics market is playing a pivotal role in regional and global trade, supporting economic growth and diversification.