Category Archives: Business & Investments

Business & Investments

Andreas Hassellöf, CEO of Ombori

“Elon Musk’s recent endorsement of California’s SB 1047, aimed at regulating ‘frontier AI models,’ has ignited an important conversation in the tech community. As the CEO of Ombori, a company committed to the responsible advancement of AI, I believe this debate highlights a pivotal moment in the evolution of AI technology and policy.

Andreas Hassellöf, CEO of Ombori

Musk’s tweet (https://x.com/elonmusk/status/1828205685386936567) supporting the bill has taken many by surprise, given his previous stance on AI regulation. This shift underscores the complexity of the issues we face as we push the boundaries of AI capabilities.

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Business & Investments

GlobalPharma captures 1.8% market share, marking unprecedented growth in Saudi Arabia

Globalpharma’s sales in the Saudi pharmaceutical market surged by 139.5% year-over-year in May 2024, reaching $12.6M up from $5.2M in 2023

Dubai, UAE, 27 August 2024: Globalpharma, the UAE’s leading pharmaceutical manufacturer and a wholly owned subsidiary of Dubai Investments PJSC, today announced a significant milestone by capturing a 1.8% market share in the competitive Saudi pharmaceutical landscape. As of May 2024, Globalpharma’s sales surged by 139.5% year-over-year, reaching $12.6 million up from $5.2 million in the same period last year.

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Business & Investments

GJEPC’s (IIJS) Premiere 2024 spurs record-breaking USD 12 billion of business

Gem & Jewellery Export Promotion Council

GJEPC’s India International Jewellery Show (IIJS) Premiere 2024 spurs record-breaking USD 12 billion of business

IIJS Premiere: Setting new benchmarks in business, innovation and scale; sees record-breaking closure and optimism among trade

Mumbai, 20th August 2024: One of the world’s largest gem & jewellery B2B shows – India International Jewellery Show (IIJS) Premiere 2024 organised by India’s apex trade body,The Gem & Jewellery Export Promotion Council (GJEPC) – set a new staggering record by generating a staggering USD 12 billion of business over 6 days.

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Business & Investments

Senior PPP Regulators from UAE, Saudi Arabia, Kuwait, and Oman to Convene at the 4th PPP MENA Forum in Dubai

Dubai, UAE – The 4th edition of the PPP MENA Forum is set to make history on September 10-11, 2024, at the Jumeirah Emirates Towers in Dubai. Organized by Great Minds Event Management, this premier event will bring together senior Public-Private Partnership (PPP) regulators from the UAE, Saudi Arabia, Kuwait, and Oman under one roof for the first time, marking a historic moment in the advancement of PPP frameworks across the Middle East and North Africa (MENA) region.

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Business & Investments

MultiBank Group Reports Record-Breaking $306 Million Revenue in 2023, Marking a 10% Year-on-Year Growth

Dubai, UAE – August 23 2024: MultiBank Group, one of the world’s largest financial derivatives institutions headquartered in Dubai, announces its most successful financial year to date, with an impressive revenue of $306,636,717 in 2023.

Based on the latest audited financial statements, MultiBank Group achieved a strong 10% revenue increase, growing from $279,523,140 in 2022. This milestone reflects the Group’s effective business strategy, ongoing growth and its commitment to providing exceptional value to clients worldwide.

Additionally, MultiBank Group reported a remarkable 26% rise in net income from $180,013,709 in 2022 to $226,837,355 in 2023, underscoring the Group’s operational efficiency and reinforcing its position as a global leader in the financial derivatives industry.

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