Category Archives: Business & Investments

Business & Investments

Union Coop Explores ‘Public Joint-Stock’ Transition

The popular consumer cooperative cites prospective ‘Growth’ and ‘Economic Sustainability’

Dubai, UAE:

Retail Pioneer ‘Union Coop’ in a move aimed at enhancing its presence, and sustainability and expanding its operations, has begun studying the transition from a consumer cooperative society to a public joint-stock company. This decision to explore the possibility to convert to a PJSC was formalized at the Board of Directors meeting held on November 25, 2024, during which the idea of transforming into a public joint-stock company was discussed. This study is part of Union Coop’s efforts to maximize its financial resources, increase its competitive capabilities, and achieve its strategic goals, including the development of its projects, expansion of its reach, and improvement of its services provided to shareholders, customers, shoppers, and the community.

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Business & Investments

Why Analytix is the first choice for Global Expansion

Since its inception in 2008, Analytix Arabia has become a trusted partner for international companies and foreign investors seeking to tap into the booming Saudi Arabian market and has guided companies to expand their operations globally. With over 16 years of expertise, the firm has helped more than 2,500 companies from 18 countries across 25 industries to successfully set up their operations and expand business on a global scale. The company has become one of the leading business consultants in Saudi Arabia, over the past 16 years because of its highly skilled team of 200 employees and the unwavering support of its trusted clients who have been with the firm since the beginning.

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Business & Investments

GPCA Youth Forum returns for its 3rd edition to shape next generation of talent 

The forum will take place in Oman Convention & Exhibition Centre, Muscat, Oman, from 2-5 December 2024

Muscat, Oman, 25 November 2024 – The Gulf Petrochemicals and Chemicals Association (GPCA) Youth Forum, an initiative led by GPCA and the GPCA Youth Council, will return for its 3rd edition from 2-5 December 2024 during the 18th Annual GPCA Forum in Oman Convention & Exhibition Centre, Muscat, Oman. The forum, which will take place under the theme ‘Youth Powering Tomorrow: Shaping a Sustainable Future’, is led by the GPCA Youth Council comprising 32 young working professionals from 18 GPCA member companies from across the Arabian Gulf. 

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Business & Investments

Group-IB to Demonstrate Proprietary Network Graph Analysis solution at Black Hat MEA 2024 in Riyadh

The cyber threat detection solution is showcased in the Middle East for the first time

[Riyadh, Kingdom of Saudi Arabia; 25 November 2024] Group-IB, a leading creator of cybersecurity technologies to investigate, prevent, and fight digital crime, announced today that it will demonstrate its Proprietary Network Graph Analysis cyber threat detection solution for the first time in the Middle East during its participation at the Black Hat Middle East and Africa 2024 in Riyadh.

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Business & Investments

Bridgestone expands partnership with Tegeta Holding to strengthen footprint in Caucasus region

Dubai, November 25, 2024:Bridgestone, a global leader in tyres and sustainable mobility solutions, expanded its partnership Tegeta Holding, one of the largest automotive companies in Central Asia and the Caucasus, further strengthening its presence in the Caucasus region. Under this agreement, Tegeta will serve as the official distributor of Bridgestone tyres in Armenia and Azerbaijan, effective January 1, 2025.

Bridgestone Middle East & Africa FZE and Tegeta Holding officially signed the agreement in Dubai, marking a significant milestone in both companies’ regional growth strategies. Under the agreement, Tegeta will supply Bridgestone’s premium-quality tyres for a wide range of vehicles, including passenger cars, trucks, and buses, across Armenia and Azerbaijan.

Jacques Fourie, President of Bridgestone Middle East & Africa, said: “We are thrilled to expand our collaboration with Tegeta, who was been our trusted partner since 26 years. Tegeta’s strong foothold in the Caucasus region enables us to introduce Bridgestone’s premium products to new markets such as Armenia and Azerbaijan, ensuring that customers benefit from our commitment to quality, safety and innovation.”

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