Author: Mahdeehassan

Over the past year, both the Tadawul (Saudi Arabia’s stock exchange) and global stock markets have defied persistent skepticism. Looking ahead, global trends will continue to impact investment opportunities, but specific changes are poised to significantly boost the Saudi stock market. Here’s why: Global Trends vs. Regional Trends: The increasing dominance of global trends over regional ones is crucial, as noted by seasoned financial analyst Shakeel Ahmed. As global and U.S. stock markets fluctuate, Tadawul follows suit, a correlation Shakeel Ahmed emphasizes. The statistical measure of correlation coefficients reflects stock volatility, a concept he underscores. Over the past 30 years,…

Paris/Riyadh, May 22, 2024 – Amsa Hospitality and Luxury Hotelschool Paris are proud to announce the signing of a strategic partnership for joint operations in the Kingdom of Saudi Arabia. This collaboration marks a significant step in elevating education within the hospitality sector. Under the new agreement, Luxury Hotelschool Paris will partner with Amsa Hospitality to review and certify training materials and conduct a “train the trainer” program across the Kingdom. This initiative is open to the entire hospitality sector and all interested hoteliers, extending beyond those employed at Amsa Hospitality. Globally recognized for its excellence in teaching and pedagogy,…

DUBAI, UAE: Veeam Software, the #1 leader by market share in data protection and ransomware recovery, today released the Veeam 2024 Cloud Protection Trends Report, a comprehensive research project that explores the use of cloud-powered protection mechanisms for production data. The new report examines various cloud-based data protection strategies, including cloud storage, Backup as a Service (BaaS), Managed BaaS, and Disaster Recovery as a Service (DRaaS). The findings are based on 1,600 unbiased responses from IT decision-makers responsible for data protection of their on-premises servers or workloads and use cloud services as part of their data protection strategy. “Enterprises are starting to realize…

Abu Dhabi– H.E. Abdulla bin Touq Al Marri, Minister of Economy, participated in a panel discussion titled ‘Building New Economies: How to Foster Growth and Innovation,’ held as part of the SALT iConnections Forum in New York City on 21 and 22 of May 2024. This year, the event focused on enhancing innovation in the financial sector and emerging economic trends, particularly those in the financial sector, digital currencies, and their potential impact on banking and investment, among others. The Minister of Economy is currently on a working visit to the United States to explore the potential for new economic partnerships…

Riyadh, May 2024: Oxford Business Group (OBG) and Eyad Reda Law Firm LLP. (ERLF) have signed a partnership agreement aimed at deepening insights into Saudi Arabia’s evolving legal framework and its impact on the economy, business and investment environment. This collaboration, formalised through a Memorandum of Understanding (MoU), will see ERLF provide valuable insights into the Kingdom’s legal framework for the forthcoming edition of The Report: Saudi Arabia 2024. As OBG’s partner for the legal framework chapter, ERLF will provide in-depth analysis of recent developments and reforms in the Saudi legal and regulatory landscape. The chapter will offer insightful perspectives…

In a region celebrated for its blend of tradition and innovation, Palik is leading the way with its unique approach to footwear. This pioneering British company, recognized as a member of footwear associations, has captured the attention of UAE fashion admirers seeking both style and sustainability. Leading this movement is Saba Donyavi, a visionary entrepreneur driven by a passion for exceptional craftsmanship and cultural fusion. Palik Limited: An Icon of British Excellence Palik Limited, headquartered in the UK, epitomizes British footwear excellence. As a proud member of the British Footwear Association, Palik is renowned for its dedication to craftsmanship, innovation,…

Abu Dhabi, United Arab Emirates: M42 Managing Director and Group Chief Executive Officer, Hasan Jasem Al Nowais, pledged to take Abu Dhabi’s new innovations to the global stage after a historic live demonstration of a remote telerobotic procedure. Controlled and live-streamed from Abu Dhabi, the procedure was performed on a simulated patient in South Korea, showcasing the immense potential of this technology for interventional procedures such as stroke and cardiovascular emergencies. Al Nowais highlighted M42’s mission as the inaugural Abu Dhabi Global Healthcare Week 2024 (ADGHW) concluded, M42, was the official Foundation Partner. Innovative commitments and collaborations: After the demonstration, Al…

Students from Hamdan bin Rashid Al Maktoum Centre for Giftedness and Innovation, part of the Hamdan bin Rashid Al Maktoum Foundation for Medical and Educational Sciences, achieved top positions in the 2024 FLL International Open Robotics Championship. Held from May 13 to 16, 2024, in the city of Bodø, Norway, the event witnessed the participation of over 50 teams from around the world. Hamdan bin Rashid Al Maktoum Centre for Giftedness and Innovation team won third place in robot performance at the FLL European Open Robotics Championship. They achieved first place in the friendly competition by defeating the top four…

CyberKnight (https://CyberKnight.tech), a leading cybersecurity advisory and value-added-distributor (VAD), headquartered in Dubai with local presence across the Middle East, proudly announces its expansion into Africa. To spearhead business development efforts on the continent, the Company has appointed Naoufal Mzali as the Regional Sales Director. With over 17 years of experience in technology and cybersecurity, his strong engineering background, coupled with a successful track record in sales, makes Naoufal an asset to the CyberKnight team. As the newly appointed Regional Sales Director for Levant, Egypt & Africa, he will lead the charge in strengthening CyberKnight’s presence in the territory and fostering…

During the SAMENA Telecommunications Council Leaders’ Summit 2024, the Middle East Glasses-free 3D Industry Initiative was announced by Zain Group, Omantel, LAiPIC AI, LITITONG, LANSHEN 3D, and others. This initiative seeks to standardize glasses-free 3D technologies, build ecosystem capabilities, and incubate innovative applications using 5G and 5G-A, artificial intelligence (AI), and computing network capabilities. The ultimate goal is to create a next-gen experience for users and new value for the industry at large. Middle East Glasses-free 3D Industry Initiative announcement: Today, with a largely mature ecosystem in place, the user experience for glasses-free 3D has become natural and comfortable thanks to a…