Author: Mahdeehassan

Dubai, United Arab Emirates –  – eZhire, the world’s first fully on-demand car rental platform, is celebrating a remarkable milestone, reporting an outstanding 102% Compound Annual Growth Rate (CAGR) since its inception in 2016. This tremendous growth underscores the increasing demand for eZhire’s innovative, customer-centric approach to car rentals across the Middle East. Founded to disrupt the conventional car rental process, eZhire has transformed the traditional car rental industry by eliminating the need for security deposits, paperwork, and physical storefronts. The company’s fully digital, app-based service offers a seamless rental experience, allowing customers to order vehicles 24/7, with delivery directly to their doorstep.…

Al Khobar, KINGDOM OF SAUDI ARABIA– GE Vernova Inc. (NYSE: GEV) and Saudi Arabia’s Ash Sharqiyah Operations & Maintenance Company (ASHOMCo) announced today the completion of three Front-End Engineering Design (FEED) studies analyzing the possibility to lower the net carbon emissions of three cogeneration plants located in the Kingdom of Saudi Arabia. GE Vernova completed the assessment of pre-combustion and post-combustion technologies at the three plants powered by GE Vernova’s 7E and 7F gas turbines and delivering up to 920 Megawatt (MW) of combined power and 1400 tons/hr of steam, a capacity equivalent to the average power needed by 920.000 Saudi homes “Our participation in…

The retail industry is on the cusp of a new era, and the Retail Congress MENA 2024 is set to be the catalyst for its transformation. This landmark event, taking place on November 4-5 at the Mandarin Oriental, Al Faisaliah in Riyadh, is a celebration of the 30th anniversary of the Middle East Council of Shopping Centres & Retailers (MECS+R). With the theme “GENESIS – IGNITE: The Genesis of Vision 2030, Reigniting Retail,” the Congress aims to bring together the brightest minds in the retail industry to explore the latest trends, innovations, and opportunities. In a world where consumer expectations are constantly evolving, retailers…

Adaverse, the leading Web3 and blockchain fund in Saudi Arabia, announces a strategic investment in TGE (Tharawat Green Exchange), an innovative startup leveraging Web3 technology to support environmental sustainability initiatives in line with Saudi Vision 2030. Addressing Climate Change Through Technology TGE is a pioneer in carbon offsetting in Saudi Arabia, connecting carbon offsetters with local nurseries and land projects via a blockchain-enabled platform. This innovative model supports Saudi Arabia’s goal of planting 10 billion trees by 2040 while also promoting economic growth and environmental health. Unlike global providers that invest in projects abroad, TGE is fully localised, focusing solely…

Saudi proptech ARKTECH has successfully closed its pre-seed investment round of $1 million led by Core Vision Investment. This investment will further strengthen ARKTECH’s position as the leading utility contract trading platform and expand its services to offer innovative technology-enabled investment options. On this occasion, Mr. Waheed Al Jassas, founder and CEO of ARK, expressed that this investment, especially in the field of utility contracts, will enhance the concept of saving, investing and hedging against inflation. It also provides innovative and reliable solutions in property technology (proptech), ensuring the achievement of lucrative returns in a safe and reliable environment for…

Leading shareholders in Gulf Islamic Investments (GII), plus new investors, have added an additional $100 million growth capital to the group’s balance sheet to develop private equity opportunities across the Kingdom of Saudi Arabia and the GCC, ahead of the forthcoming Financial Investment Initiative (FII8) in Riyadh on 29-31 October 2024. The new raising, which was oversubscribed, brings additional growth capital for promising private equity (PE) and private credit projects across the GCC. Contributors to the fundraising included one of the largest Saudi institutions, the Al Nahdi family office, Shurooq (the Sharjah Investment and Development Authority), and existing GII stakeholders. …

Entlaq has announced the release of its first annual report on Egypt’s agritech sector, titled ” The Untapped Potential of the Egyptian Agri-Tech Sector: Driving Innovation and Growth.” This report provides a comprehensive analysis of the sector’s current state, highlighting the challenges and opportunities that will shape the future of agritech in Egypt. This inaugural edition is produced in collaboration with several organisations in the agritech sector, including Mahaseel Masr as a strategic partner and Farmtopia for Agricultural Reclamation as a platinum partner. The report emphasises the agricultural sector’s role as a key driver of Egypt’s economy, currently contributing 11.6%…

Be part of the ultimate gathering of industry professionals in Dubai Mark your calendars! MENA’s most popular online trading event – iFX EXPO Dubai 2025 – returns to the region, with the latest instalment promising to be the biggest and best one yet. Taking place between January 14-16, 2025, at the Dubai World Trade Centre, the 2+ day exhibition is one of the largest B2B and B2C expos of its kind anywhere in the world, bringing together key players from across the globe. Whether you are a seasoned trader, new to the industry, or a business looking to grow your…

Edtech platform “Tadarab,” a leader in Arabic online education in the Gulf and Middle East, announces its expansion into Saudi Arabia as part of its strategic plan to meet the growing demand for online education solutions in the region. This expansion reinforces Tadarab’s commitment to providing advanced educational services that meet the needs of learners in the Kingdom, amid the increasing challenges faced by the global and local e-learning sector. Since its establishment in 2016 by entrepreneurs Zaid Alluhaib and Salma Al-Yassin, Tadarab has been dedicated to offering innovative educational solutions that contribute to the personal and professional development of…

Dubai – 22 OCT 2024 – CNTXT, a leading AI readiness and data solutions company, signed a partnership with AI71, a growing venture that develops AI applications powered by the Technology Innovation Institute’s Falcon AI models, at GITEX Global this week that will enhance the UAE’s AI data landscape. As part of the agreement, CNTXT will become AI71’s preferred data annotation partner. By focusing on critical areas such as data annotation and strategy, data governance and compliance, and AI readiness, CNTXT will help ensure that AI71 is equipped to maximize the value and impact of the data its AI solutions…