Category Archives: Business & Investments

Business & Investments

NDF to Partner with SDB in Two Agreements to establish $120 Million Venture Funds

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NDF to Partner with SDB in Two Agreements to establish $120 Million Venture Funds for the Gaming and Esports Industry

Riyadh, March 5, 2024 – In an innovative move to bolster the gaming and Esports industry within the Kingdom, the National Development Fund (NDF), in collaboration with the Social Development Bank (SDB), announced the signing of two agreements to establish two venture funds with a total size of 450 million SAR ($120 million). The announcement was made during the LEAP 2024 technology conference in Riyadh, marking a significant step towards nurturing the thriving gaming and Esports industry.

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Business & Investments

FIATA-RAME Field Meeting & Conference opens in Dubai

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Held under the patronage of H.H. Sheikh Ahmed bin Saeed Al Maktoum
FIATA-RAME Field Meeting & Conference opens in Dubai discussing strategies to build resilient supply chain ecosystem

  • Organised under the theme ‘Connectivity, Resilience, and Sustainability in Global Supply Chains and Trade,’ the event brought together over 600 industry leaders and CEOs on day-one
  • The Middle East and Africa logistics market is currently valued at US$ 163.57 billion, and it is forecasted to reach US$ 222.63 billion by 2029 at a rate of 6.36% annually.
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Business & Investments

Freedom of Mobility Forum Announces 2024 Topic

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Freedom of Mobility Forum Announces 2024 Topic, Expert Panelists and University Participants for Second Annual Live Debate on April 3

  • Second annual event promotes discussion on how the planet will accommodate the mobility needs of eight billion people in the coming decades
  • International panel of five experts selected to debate the topic representing various disciplines: society, tech & AI, environment, economy, and business
  • New for 2024:
    • Students from three countries – Brandeis University in the U.S., HEC Paris in France, and the National School of Applied Sciences Kénitra in Morocco – will challenge the expert panelists during the live debate
    • Viewers of the live event will have the opportunity to interact directly with the panelists throughout the program via three dedicated Q&A sessions
    • Online research company YouGov will unveil results of an exclusive survey
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Business & Investments

NewTech Insurance Brokers enriches customer experiences

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NewTech Insurance Brokers enriches customer experiences, records 90% client renewal rate and 35% growth in business KPIs

  • The company remains committed to offering advanced customisable, affordable and reliable insurance products to individuals and corporates
  • Reports state that the UAE insurance sector places a substantial focus on health and life insurance, with the market projected to reach USD 19.6 billion by 2030 from USD 10.131 billion in 2022

UAE, March 05, 2024

NewTech Insurance Brokers, a licensed and regulated insurance brokerage powerhouse in the UAE, recorded a remarkable business growth in the fiscal year 2023 with a surge of over 35 per cent in key performance indicators (KPIs) and a renewal client rate exceeding 90 per cent.

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Business & Investments

EGA reports competitive financial results for 2023

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EGA reports competitive financial results for 2023, with highest-ever production from mining to metal

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium: “In 2023, EGA again delivered strong performance in what we control – the safety of our people, operational excellence, our costs, and our long-term commercial relationships with our global customers. This enabled us to continue to deliver competitive financial results compared to our global peers, and record-equalling dividends for our shareholders.”

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