Category Archives: Business & Investments

India’s Largest Crypto Exchange CoinDCX Acquires MENA Region’s Crypto Leader BitOasis

  • MENA Market Entry: CoinDCX’s entry into the MENA market represents the first step in its international expansion plan, reflecting the company’s global ambition and unlocking new growth opportunities
  • Regulatory Milestones: BitOasis has recently secured a new licence from the Central Bank of Bahrain (CBB), further solidifying its presence in the region. BitOasis may operate as a broker-dealer in accordance with the permissions granted to it under its VARA issued MVP Operational Licence.
  • Enhanced User Experience: Users can expect enhanced crypto services, access to more tokens, increased liquidity, and improved trading experience.

Dubai, July 3.2024 – CoinDCX, the largest crypto exchange in India, proudly announces the acquisition of BitOasis, the Middle East and North Africa’s leading virtual assets trading platform boasting the highest trading volume in Emirati Dirhams. CoinDCX had previously made a strategic investment in BitOasis in August 2023. 

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ALSULAIMAN IKEA ANNOUNCES A 70 MILLION RIYAL INVESTMENT TO LOWER PRICES ON THOUSANDS OF PRODUCTS

  • With over 40 years in Saudi Arabia, Alsulaiman IKEA continues to offer affordable furniture that brings style, comfort, and functionality to homes

  • Alsulaiman IKEA is committed to making additional investments to the product line and grow the affordable home furniture solutions category

Jeddah, KSA, July 2024: Alsulaiman IKEA, the leading home furniture brand, announces a major investment of 70 million riyals to further reduce the prices of their products, introducing 3000 ‘New Lower Price’ items during 2024. Alsulaiman IKEA, part of Alsulaiman Group, plans to continue making additional investments in the coming years to provide more affordable home furniture solutions and expand the category.

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Bayt.com & YouGov Survey:

79% of professionals in the MENA region anticipate technological advances to redefine the future of work

Bayt.com and YouGov’s comprehensive study reveals optimism and changing dynamics in the MENA job market

Dubai, UAE 7 July 2024: Bayt.com, the Middle East’s leading job site, and YouGov today announced the results of the Future of Work in MENA 2024 survey, providing a data-driven perspective on workforce confidence, skill set priorities, recruitment practices, and the sectors poised for growth or decline.

The survey showcases a region that is positive about its professional future, with 80% of the respondent’s expressing confidence in the future of work and achieving success despite the rapidly changing job landscape, and less than 20% feeling uncertain about the future. The confidence is stronger within the GCC markets, highlighting a positive outlook for upcoming opportunities and career progressions.

Ola Haddad, General Manager at Bayt.com, said: “At Bayt.com, we are dedicated to understanding the dynamic needs of the job market and the professionals within the MENA region. Our extensive database of over 52 million job seekers was instrumental in conducting this research, and the results of this survey reveal a positive outlook among the workforce and underscore the growing importance of soft skills and hard skills, in addition to the anticipated shift in future recruitment processes”

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TikTok Becomes Official Entertainment Platform for EWC, Launching Dedicated Hub for Unparalleled Esports Coverage and Engagement

RIYADH, Saudi ArabiaJuly 1, 2024 — TikTok, the leading destination for short-form mobile video, and the Esports World Cup Foundation (“EWCF”) have announced a pioneering partnership that promises to transform the esports experience for the inaugural Esports World Cup this summer in Riyadh, Saudi Arabia.

This collaboration will leverage TikTok’s innovative platform and vast audience reach to bring unprecedented engagement and content diversity to esports fans worldwide.

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لندن تمنحلاكشمينارايانان مؤسس معهد صناديق الثروة السيادية لقب “فريمان مدينة لندن”ضمن فعاليات مؤتمر الثروة العالمية 2024

تقديراً لجهوده في تعزيز التعاون الدولي

لندن تمنحلاكشمينارايانان مؤسس معهد صناديق الثروة السيادية لقب “فريمان مدينة لندن”ضمن فعاليات مؤتمر الثروة العالمية 2024

2 يوليو 2024، المملكة المتحدة، لندن

منحت مدينة لندن السيدلاكشمينارايانان، رئيس مجلس إدارة معهد صناديق الثروة السيادية، لقب “فريمان مدينة لندن” المرموق، وذلكعلى هامش مؤتمر الثروة العالمية 2024 والذي اختتم مؤخراً بعد تحقيق نجاح باهر. ويأتي هذا اللقب العريق تقديراً للإسهامات البارزة التي قدمها السيدنارايانان في القطاع المالي وعرفاناً لجهوده المبذولةفي تعزيز التعاون الدولي في مجال إدارة الثروات.

ويُعدلقب “فريمان مدينة لندن” من أكثر التكريمات البريطانية عراقةً، حيث مُنح للمرة الأولى عام 1237، وقد تقلّده منذ ذلك الحين العديد من الشخصيات البارزة والمرموقة. ويأتي تكريم السيد نارايانانكشهادة على عمله الرائد والمتميزفيمعهد صناديق الثروة السيادية، والذي أصبح منصةً رائدةً للبحث والتحليل والتواصل في قطاعي رأس المال العالمي وصناديق الثروة السيادية.

Continue reading لندن تمنحلاكشمينارايانان مؤسس معهد صناديق الثروة السيادية لقب “فريمان مدينة لندن”ضمن فعاليات مؤتمر الثروة العالمية 2024