Category Archives: Business & Investments

Business & Investments

WizzFinancial appoints Samir Vidhate as CEO of Xpress Money

DUBAI [October 3rd, 2024]: WizzFinancial Group, a global fintech platform specializing in local payments and cross-border remittance, foreign exchange, lending, and payment gateway solutions, has announced the appointment of Samir Vidhate as Chief Executive Officer of Xpress Money, its B2B money services division. Based in the Abu Dhabi Global Market (ADGM) and regulated by the Financial Services Regulatory Authority (FSRA), Xpress Money is a key player in WizzFinancial’s expanding cross-border payments and lending ecosystem.

Samir Vidhate brings over two decades of experience in the cross-border payments and financial services industry, having previously led global expansions and established strong industry partnerships. His leadership will drive Xpress Money’s continued success, supporting its mission to deliver seamless, secure, and accessible financial services globally.

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Business & Investments

H.E. Abdullah Bin Touq Al Marri Opens Future Food Forum 2024

H.E. Abdullah Bin Touq Al Marri Opens Future Food Forum 2024, says Food Security is National Priority with Aim to Reduce Food Imports to 50% by 2050

  • F&B Group launches the UAE Foodverse on Metaverse, revolutionising UAE’s food ecosystem for the sector and consumers alike

  • UAE food exports reached US$ 6.6 billion in 2023, with a 20% growth in the total trade in the food industry during the first half of the year.

  • UAE food exports grew 19% during the first half of the year

Dubai, United Arab Emirates, 2 October 2024:

The sixth edition of Future Food Forum 2024 was opened today by His Excellency Abdullah bin Touq Al Marri, Minister of Economy, underlining the UAE’s pivotal role in the regional food sector and the Food Cluster Strategy in enhancing food security and sustainability through public-private collaboration.

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Business & Investments

Shaffra Appoints Mohammed Al Mutairi as the New General Manager in Saudi Arabia

The deep-tech company strengthens its leadership in Saudi Arabia with Mohammed Al Mutairi, whose 30+ years of experience will drive the next phase of growth, innovation, and strategic expansion.

Dubai, UAE, 02 October 2024 — Shaffra, a deep tech company in the Middle East pioneering AI-driven workforces and metaverse workplace solutions, has appointed Mohammed Al Mutairi as the new General Manager for Saudi Arabia. With over 30 years of experience in business development and project management across influential sectors, Mohammed has a proven track record of driving growth and innovation. He began his career at Saudi Airlines, leading sales operations in the Eastern Province for 24 years before joining Khusheim Industrial Group as Business Development Director, where he built strategic partnerships to foster growth.

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Business & Investments

Future Food Forum 2024 Opens Today, Setting Roadmap for Regional Food Sector Transformation

The sixth edition of the Forum will be officially inaugurated by His Excellency Abdullah bin Touq Al Marri, UAE Minister of Economy

Dubai, United Arab Emirates, 2 October 2024:

The highly anticipated Future Food Forum 2024, organised by UAE F&B Business Group, is set to open its doors today (October 2nd) at the Le Meridien Airport Hotel, Dubai, under the patronage of the UAE Ministry of Economy, focusing on the theme “Future Consumer, Future Government, and Future Food”.

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Business & Investments

Statistics Centre – Abu Dhabi reports 4.1% growth in emirate’s GDP and 6.6% increase in non-oil GDP in Q2 2024

Abu Dhabi, 1 Oct 2024: The Statistics Centre – Abu Dhabi (SCAD) has released preliminary estimates revealing a 4.1 per cent growth in the emirate’s gross domestic product (GDP) during the second quarter of 2024, compared to the same period last year. The growth is largely fueled by the continued expansion of non-oil sectors, underscoring the success of Abu Dhabi’s economic diversification efforts.

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