Author: Mahdeehassan

M. O. Group, a leading Egyptian confectionery manufacturer, is participating for the third year in a row in the prestigious Fancy Food Show in New York. The three-day event features 45 Egyptian companies from various segments of the food industry and is organized in coordination with the Egyptian General Organization for Exhibitions and Conferences and the Food Export Council.U.S. Market: A Strategic Gateway for Global ExpansionHamdy Elabrak, Chairman of M. O. Group, emphasized the significance of the American market, stating:“The U.S. market has immense purchasing power and serves as a pivotal launchpad for our global expansion strategy.”He added that the…

Dividend Gate Capital held its Annual General Meeting and Extraordinary General Meeting for 2025, during which it reviewed the Group’s financial performance and deliberated on its strategic roadmap for the coming period. During the meeting, shareholders reviewed and approved the Board of Directors’ report and the consolidated financial statements for the fiscal year ended 31 March 2025, which highlighted significant 29% net profit, reflecting 11% year-on-year growth. The Board of Directors also approved the distribution of 9% cash dividends to shareholders and endorsed the allocation of the remaining balance to retained earnings on the company’s balance sheet In addition, the…

SBC Summit 2025 will debut two new conference stages – Global Markets and Emerging Markets – targeting region-specific insights as the event prepares to welcome over 30,000 attendees from more than 130 countries from September 16-18. Following sharp international growth in 2024, with Latin America attendance up 126%, Asia up 80% with delegates from 30 countries, Africa up 45% with 29 nations represented, and North America up 127%, two additional conference stages were introduced to meet the event’s expanding global appeal. Each stage will deliver targeted, actionable insights and create market-specific networking opportunities for delegates operating across the covered jurisdictions. Rasmus Sojmark, Founder and CEO…

Dubai, UAE: ACCA (the Association of Chartered Certified Accountants) delivered a series of high-impact events in Dubai this month, demonstrating its commitment to shaping a digitally enabled, future-ready finance profession across the Middle East. Three landmark engagements brought together senior government leaders, top employers, academics and finance professionals from across the region: Lucia Real-Martin, Executive Director, Relationships at ACCA, attended all three events and delivered a keynote speech at Financially Speaking. Driving digital transformation in finance Held in collaboration with PwC, Financially Speaking aligned with the UAE’s National AI Strategy 2031 and the findings of ACCA’s Global Talent Trends 2025, which highlights…

Manama, Bahrain – In a pioneering move set to reshape fintech innovation in the UAE, Mawarid Finance and Arab Financial Services (AFS) today signed a strategic agreement to launch an integrated Fintech Enablement Hub, a unified platform designed to empower fintechs with seamless access to regulated infrastructure and next-generation digital capabilities. This collaboration combines global technology leadership, BIN sponsorship, and advanced processing capabilities into one integrated framework. The initiative simplifies how fintechs bring card programs to market by merging scheme connectivity, issuing, processing, and enablement tools onto a single, frictionless platform. The partnership leverages Mastercard Product Express, a platform designed for fintechs,…

Manama, Bahrain – This week’s BD 70 million issue of Government Treasury Bills has been fully subscribed by 128% The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of the Kingdom of Bahrain. The issue date of the bills is 2nd July 2025, and the maturity date is 1st October 2025. The weighted average rate of interest is 5.42% compared to 5.37% of the previous issue on 25th June 2025. The approximate average price for the issue was 98.648% with the lowest accepted price being 98.628%. This is issue No.2076 (ISIN BH0001U368Z8) of Government…

SEOUL, SOUTH KOREA: New Murabba, a Saudi Arabian Public Investment Fund (PIF) company, has signed a Memorandum of Understanding with South Korean tech giant, NAVER Cloud Corporation, for its 14 sq km mixed-use urban destination development currently under construction in Riyadh, KSA. The agreement was signed by New Murabba CEO Michael Dyke, during the company’s Investment and Partnership Forum, taking place this week in Seoul, South Korea. The three-year agreement covers exploring innovative technology and automation to support the delivery of New Murabba, including robotics, autonomous vehicles, a smart city platform, and digital solutions for monitoring construction progress. Speaking in Seoul, New…

Dubai, United Arab Emirates – June 2025: BlendLab, a UAE-based technology company, has announced its upcoming release of Darven, an AI-powered legal platform purpose-built to support lawyers and legal institutions in the Arab region and beyond. Currently in its final development phase, Darven introduces a forward-looking solution that bridges modern legal practice with cutting-edge artificial intelligence. Designed to meet the practical needs of legal professionals, Darven combines legal reasoning with intelligent features such as AI-driven case analysis, automated document handling, and an interactive legal assistant — all tailored to adapt across regional and international jurisdictions. Hasan Ahmad, Founder and CEO…

Dubai, UAE: The UAE and China recently launched Qingdao Overseas Integrated Service Centre at the China-Arab Business Forum held in Qingdao recently – that is aimed at increasing the US$400 billion trade between China and the Arab world. Abdulla Albasha Alnoaimi, UAE Commercial Attaché to China and Zeng Zanrong, Member of the Standing Committee of the Shandong Provincial Party Committee and Secretary of the Qingdao Municipal Party Committee of the Chinese Communist Party, unveiled the Qingdao Overseas Integrated Service Centre (QOISC) at the China-Arab Business Forum held in Qingdao recently. Organised by the Qingdao Municipal People’s Government and China India Middle East and North Africa (CHIMENA) Business Council, the China-Arab Business Forum was co-hosted by…

Cairo: As part of its efforts to strengthen its presence and increase exports to African and Arab markets, and in line with the political leadership’s directives to increase export rates, Ateco Pharma Egypt, a leading pharmaceutical company in the field of medical solutions manufacturing, participated in Africa Health ExCon, which ran from June 25 to 27, 2025, with wide participation from local and international companies specializing in various medical sectors.Engineer Wahid Ateek, CEO of ATECO Pharma Egypt, confirmed that the company is participating in the exhibition as the first and largest pharmaceutical manufacturer in the Suez Canal Economic Zone, specifically in…