Daily Archives: July 9, 2024

Business & Investments

Lunate receives initial approval by MoHRE and SCA to offer voluntary alternative EoSB Solutions in the UAE  

  • As the first Abu Dhabi-based provider with initial authorisation by MoHRE and the SCA, Lunate’s EoSB Fund will offer a choice of sub-funds including conventional and Shariah-compliant investment strategies
  • The EoSB scheme, approved by a UAE Cabinet Resolution in 2023, will offer employers and their employees more control and choice over savings plans

Abu Dhabi, 8 July, 2024 – Lunate Capital LLC (“Lunate”) today announced that it has received initial authorisation by the Ministry of Human Resources and Emiratisation (“MoHRE”) and the Securities & Commodities Authority (“SCA”) to serve as the first Abu Dhabi-based Fund Manager and Administrator of the UAE’s Voluntary Alternative End-of-Service Benefits (“EoSB”) Scheme through the newly licensed Lunate EoSB Fund (the “Fund”). Through a joint committee, MoHRE and the SCA granted initial approval for Lunate’s application after ensuring compliance with regulatory requirements and conditions.

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Business & Investments

Network International partners with Policy Bazaar to enable merchants with easy access to affordable insurance

  • Network and Policybazaar.ae sign referral agreement
  • Merchants can now access affordable insurance policies through the Network Expense Hub portal

UAE, 08 July, 2024: Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced a strategic referral partnership with Policybazaar.ae, UAE’s leading financial services aggregator. The partnership aims to offer affordable insurance policies to Network International’s merchant base.

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Automibiles & Motoring

McLaren at the 2024 Goodwood Festival of Speed: A celebration of Senna and more

  • The stunning McLaren Senna with Senna Sempre livery will take centre stage at McLaren House; McLaren’s home for the 2024 Goodwood Festival of Speed, taking place 11-14 July
  • The showcase of incredible craftsmanship will be displayed alongside the one-off version of the MCL38 Formula 1 car created to honour Ayrton Senna’s legacy at the 2024 Monaco Grand Prix
  • Hand-painted by McLaren Special Operations (MSO), this unique and colourful tribute to Senna captures the Brazilian driver’s vibrant personality and drive for perfection
  • Ayrton’s nephew, Bruno Senna, will drive up the Goodwood hillclimb, as will double McLaren Formula 1 World Champion Mika Häkkinen, and McLaren’s first ever World Champion, Emerson Fittipaldi
  • New Artura Spider to make its UK dynamic debut and will be joined by the rest of the current McLaren line-up, plus Ultimate Series heritage vehicles
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Business & Investments

FarmERP Joins Forces with Seiyaj Tech to Strengthen its Presence in Saudi Arabia

Riyadh, Saudi Arabia, 8th July 2024: FarmERP, a global leader in cutting-edge sustainable technology solutions, has announced a strategic partnership with Seiyaj Tech, a Saudi Arabian tech company focused on localizing green energy technologies from top international companies. The Memorandum of Understanding (MoU), signed in Riyadh, aims to expand FarmERP’s influence and impact in Saudi Arabia, leveraging Seiyaj Tech’s extensive business network and local expertise.

Saudi Arabia’s agriculture sector faces unique challenges, including extreme weather, water scarcity, and limited resources. FarmERP, with over 12+ years of experience in the Gulf region and extensive operations in Saudi Arabia, has developed tailored solutions to meet the specific needs of the region’s agribusinesses. This partnership will allow FarmERP to collaborate with leading companies and government organizations, providing them with the advanced technology necessary to thrive in these challenging conditions.

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Business & Investments

‘24 Fintech’ to Elevate Riyadh’s Global Financial Technology Capital Ambitions This September

  • More than 26,000 attendees, 300 exhibitors, and 200 investors expected at inaugural three-day Saudi Government-backed exhibition and summit in Kingdom’s capital
  • With aspirations to be the most influential fintech event in Asia, Europe, Middle East and North Africa, 24 Fintech will feature expert-led content when it takes place September 3-5, 2024
  • Hosted by the Financial Sector Development Program, Saudi Central Bank, Capital Market Authority, Insurance Authority, and co-organised by Fintech Saudi and Tahaluf, 24 Fintech will be a world-beating fintech event, helping drive Kingdom’s fintech transformation
  • International speakers already confirmed from leading organisations including the Monetary Authority of Hong Kong, Standard Chartered, Citi Group, Barclays, HSBC, S&P, Arthur D Little, Swift & Ripple
businessman hand touch graph interface Buying shares in the stock market Financial data analysis, timely acquisition, stock acquisition ideas of companies with growing businesses in the future.
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