Business

In a key development aimed at bolstering collaboration between Qatar and Algeria in agriculture and industry, Baladna Trading and Investment W.L.L., a subsidiary of Baladna Q.P.S.C., has entered into a shareholder agreement with the Algerian National Investment Fund. The agreement, signed on September 19, 2024, paves the way for establishing an integrated dairy and milk powder production project in southern…

Reinsurers domiciled in the Middle East and North Africa (MENA) region continued to benefit from positive pricing momentum over the recent renewal periods, albeit to a lesser extent than the global reinsurance market, according to a new report from AM Best. The Best’s Market Segment Report, “MENA Reinsurer Performance Benefits from Pricing Environment, Higher Interest Rates,” forms part of AM Best’s…

Urbacon Holding, a leader in energy, concessions, and construction, announced its ranking as the 42nd top international contractor for 2024, according to Engineering News-Record (ENR). The company celebrated this achievement during the ConteQ Expo 2024 in Qatar, where it participated as the event’s official sponsor. The event brought together UCC Holding’s Board of Directors and senior management, who emphasized the…

The Digital Cooperation Organization (DCO), a global multilateral organization committed to enabling digital prosperity for all by accelerating the inclusive growth of the digital economy, signed a memorandum of understanding (MoU) with the League of Arab States (LAS) to cooperate in developing an inclusive and sustainable digital economy. The MoU signing was signed by H.E. Ahmed Aboul Gheit, Secretary-General of…

Deemah AlYahya, Secretary-General of the Digital Cooperation Organization (DCO), said that “the digital divide the world faces today is multifaceted, encompassing gaps in digital intelligence, computing capabilities, gender, and skills,” in a speech at the Summit of the Future held during UNGA79 in New York. In her speech, delivered after the UN General Assembly adopted the ‘Pact for the Future’…

Cloud City BRICS Urban Future Forum wrapped up in Moscow, where experts gathered on September 18 and 19 to discuss the future of sustainable development in megacities within the member countries. Also at the event, Moscow was honored with the World Innovation Award. Additionally, during the forum, several prestigious rankings were released. Moscow ranked first among the top five BRICS…

The World Free Zones Organization (World FZO) has launched its new corporate identity, which coincided with its 10th anniversary. The launch came during the 10th World Free Zones Organization (World FZO) World Congress in Dubai held under the theme ‘Zones and the Shifting Global Economic Structures – Unlocking New Investment Avenues’, In conjunction with the launch of its new corporate identity,…

The underwriting results of sub-Saharan Africa’s reinsurers have continued their trend of year-on-year improvement, benefitting from robust pricing actions on loss-affected lines of business, as well as the global hardening of the reinsurance market, according to a report from AM Best. The Best’s Market Segment Report, “Sub-Saharan Africa’s Reinsurers Resilient Amid a Complex and Challenging Risk Environment,” forms part of AM Best’s…

Raxio Group today inaugurated its state-of-the-art data centre in Abidjan, Ivory Coast, Raxio Côte d’Ivoire (CIV1). Marking the fifth data centre launch in its current portfolio and the company’s third consecutive launch this year alone, with Tier III accreditation by international industry body the Uptime Institute, Raxio aims to play a pivotal role in the country’s digital growth. The data…

Ultherapy PRIME is the latest FDA-cleared ultrasound technology with real-time imaging that provides a truly personalized and long-lasting lift where it’s most beneficial for each patient. Merz Aesthetics, the world’s largest dedicated medical aesthetics business, announced today the launch of Ultherapy PRIME – a noninvasive, FDA-cleared medical aesthetics treatment that provides a truly personalized and long-lasting lift of the skin…

A pioneering endeavor to measure and assess the digital economy maturity of countries worldwide, the DEN examines 50 countries to help stakeholders achieve sustainability, accessibility, and shared prosperity across borders through an evidence-based approach The Navigator aligns with the DCO’s goal of becoming the premier knowledge and data platform on countries’ digital economies, fostering global cooperation and new policy agendas, and supporting the…

Saudi Arabia has emerged as the fastest-growing G20 country in the latest UN World Tourism Barometer report, marking a significant milestone in the Kingdom’s rapid ascent as a global tourism destination. The Barometer highlights a 73% increase in international tourist arrivals to Saudi Arabia in the first seven months of 2024, compared to the same period in 2019, reflecting the…

The annual World Free Zones Organization (World FZO) World Congress has announced the official lineup of key speakers for its 10th edition, held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The event will take place at Madinat Jumeirah Conference and Events Centre from…

Estithmar Holding celebrated this morning the listing of its first Sukuk in Qatari Riyals on London Stock Exchange, at the Stock Exchange’s headquarters. This is the first time that London Stock Exchange has witnessed listing in Qatari riyals. The market open ceremony for the listing of Estithmar Holding Sukuks was attended by Eng. Mohammed bin Bader Al-Sada, Group CEO of Estithmar…

Oravel introduces premium hotel brand SUNDAY in Dubai with the opening of SUNDAY Holiday International Hotel Dubai The hotel is located at Bur Dubai on the western side of Dubai creek next to Burjuman Mall and Metro station SUNDAY caters to the requirements of new-age travelers who look for premium accommodation, top-notch amenities and services SUNDAY Hotels have spacious and…

The Digital Cooperation Organization (DCO) announced today at the Global AI Summit in Riyadh the launch of its Generative AI (GenAI) Center of Excellence (CoE) initiative. This groundbreaking initiative is designed to transform the role of DCO Member States to become key innovators in the global GenAI arena by fostering collaboration, and promoting sustainable and inclusive growth. In a statement…

Key Findings: Kuala Lumpur International Airport (KUL) and Tokyo International Airport (HND) rank #2 and #3 in the world respectively. John F. Kennedy International Airport (JFK) ranks #6 globally. Istanbul Airport (IST) ranks #8 in the world.   OAG, the world’s leading data platform for the global travel industry, today released Megahubs 2024, the market’s definitive ranking of the Top 50 most internationally connected airports in…