Opontia said it will use the funds to acquire exceptional e-commerce brands and to invest in a team of experienced e-commerce experts who will be responsible for managing and growing brands after acquisition

  The combined entity will turn it into a $100m technology solutions company Kalaam will be among the top three ISPs in the GCC and the only operator with an ISP license for Bahrain, Kuwait and Saudi Arabia     Kalaam Telecom, Bahrain's leading technology solutions provider, has announced the...

Olive Gaea calculates the carbon footprint of any individual or business through a simple yet science-based questionnaire

Digitally-enabled experiences and services to evolve customer expectations  Full recovery of the industry expected by 2025 as post-pandemic confidence grows across MENA While experts in the automotive market believe a full recovery could take up to four years, many market analysts and industry leaders have already seen green shoots, spurred...

Saudi Arabia received $10.4 billion in investment  FDI projects in the kingdom fell by 49 percent to 73  Amid all the doom and gloom brought on by the outbreak of coronavirus that badly hit the economies around the world, Saudi Arabia received a big boost to its economy last year...

Oil-producing countries will post positive growth, while economies dependent on tourism will struggle to stay afloat  IMF report says curbing the coronavirus and rolling out vaccination could uplift the economies The International Monetary Fund (IMF) has forecast a turnaround for some economies in the Middle East and North Africa (MENA)...

It is an important milestone of the energy transformation, says Siemens official The project is a collaboration between Siemens, Dubai Electricity and Water Authority and Expo 2020 Dubai The Middle East and North Africa region saw its first green-hydrogen project unveiled in Dubai on Thursday, May 20. The project, implemented...

69 of the 82 countries tracked by CEIC data see the lending rates fall Saudi Arabia, UAE witness rise in rates by 0.8 and 0.3 bps Benchmark lending rates — the basic rates set by central banks in countries for banking institutions to follow — rose at a much slower...

Algeria continues to face important challenges posed by the fall in oil prices four years ago. Despite a sizeable fiscal consolidation in 2017, the fiscal and current account deficits remain large. Real Gross Domestic Product (GDP) growth slowed sharply, mainly driven by a contraction in hydrocarbon production, although growth in...

The Tunisian economy has showed signs of recovery in the first quarter of 2018, with the highest growth since 2014 supported by agriculture and exports. Besides due to the more flexible exchange rates, the current account deficit has also improved to some extent. However, at the same time, risks to...

In its economic diversification strategy, the Algerian government gives the industrial sector a very high priority, particularly with regard to the mining industry. According to the figures released by the National Agency of Investment Development (ANDI), the overall industrial domain benefited from 88.32 percent of the domestic and foreign investment...

For Slim Riahi, the fall of 2017 is gradually turning into a nightmare. It’s clearly his black autumn. Coming under the scrutiny of law enforcement agencies for more than six months, the business tycoon is slowly withdrawing from public life and isolating himself — probably against his will. At the...

The Algerian pharmaceutical sector, which depended upon massive imports to fulfill medical supply needs, is now on a path of rapid and positive progression. With an aim of improving the local medicine and medical supply needs, and to acquire scientific, technological and technical know-how, Algeria is working on important partnerships...

TRENDS speaks to Mamoun Hmedan, Managing Director for MENA and India, Wego, about the major trends that will rule the tourism sector in 2018 and how technology has changed the way industry works. How has the year 2017 been for the tourism sector? The MENA region stood out for a...

2017 was exceptional on many fronts for the region’s largest and most diversified derivatives bourse, Dubai Gold and Commodities Exchange (DGCX). Throughout 2017, DGCX recorded new trading highs, launched unique and innovative products and product-related initiatives, grew its strategic partnerships, received regulatory recognitions and industry plaudits too. Balanced blend of...