Expo 2020 Dubai Launches Platform for International Artists to Represent Emirati Culture
DUBAI: Expo 2020 Dubai’s Design and Crafts Program has launched a platform, called MENASA, that is set to showcase the works of more than 40 local and international designers, telling stories of the UAE through curated collections. The event’s visitors will get the opportunity to explore and experience Emirati... Read more
Kuwait to Implement Largest Government Restructuring in its History as of 2022
Kuwait plans to merge ministries, abolish others and create new strategies as part of the largest restructuring roadmap in its history over the next four years, Al Qabs reported. Beginning in 2022, the ministries of electricity, water and oil will come together under one umbrella called the ‘Ministry of... Read more
Gellify launches Digital Intrapreneurs Fast Track (DIFT) program in the Middle East
Gellify Middle East, a multinational innovation platform managing digital transformations, has launched its Digital Intrapreneurs Fast Track (DIFT) program for companies in the Middle East and Africa. (September 6, 2021 – Middle East) – The DIFT program is aimed at helping companies identify innovative ideas within their own organization... Read more
Bloomberg/New York Bond investors are looking for orientation points this week in a fog of panic that’s paralysed parts of the world’s biggest and safest debt market. Roughly $340bn of Treasuries are on the way. That burst of supply could help a market starved of high-quality securities if it... Read more
Dr Sulaiman Al Habib Medical Group plans to start the sale of a 15% stake in initial public offering Dr Sulaiman Al Habib Medical Group, one of Saudi Arabia’s largest private healthcare operators, plans to start the sale of a 15 percent stake in an initial public offering next... Read more
Prepared by previous government, plan ‘does little to alleviate country’s dire financial situation,’ they say The 2020 Lebanese state budget approved by the legislature this week, which forecasts a 6% deficit, will not solve the country’s economic crisis, experts say. Rabih Haber, CEO and general manager of the Statistics... Read more
Oil giant aims to incentivize its 73,000 staff with the share scheme, according to its IPO prospectus Saudi Aramco is to offer $1 billion in shares to employees as part of its initial public offering (IPO) next month, according to the official prospectus. The move is part of a... Read more
Saudi Aramco, the world’s largest oil company, took another step on its lengthy path to a stock market listing on Saturday, saying that it would announce a final price for its shares on Dec. 5, with trading expected to start in mid-December. The company announced last week that it... Read more
The GCC equity market continued to be quiet during Q3 2019, with only one company listing on the Kingdom of Saudi Arabia’s Tadawul as compared with three in the same quarter last year across a range of sectors. However, the region’s debt market was active and witnessed iconic transactions... Read more
Credit demand from the government and public sector enterprises will fuel lending growth in the UAE in 2019 and 2020 amid stable but subdued economic growth, Moody’s Investors Service said. Maintaining its stable outlook for the UAE banking system, the ratings agency said strong capital, stable funding, and healthy... Read more