Author: Mahdeehassan

eZhire, the world’s first fully on-demand car rental platform, has announced the opening of its latest dispatch center in Khalidiya Mall, Abu Dhabi. This milestone reflects the company’s ongoing expansion across the UAE and its commitment to revolutionizing the car rental experience. The new dispatch center in Khalidiya Mall is a strategic addition to eZhire’s growing network, providing greater convenience and accessibility to customers in the Abu Dhabi region. With the launch of four new dispatch centers in Dubai in 2024, eZhire now operates a total of 11 centers across Dubai, Abu Dhabi, and Sharjah. This expansion underscores eZhire’s dedication…

Saudi Arabia’s MSME finance ecosystem at the heart of economic diversification and financial inclusion efforts Saudi Arabia, February 2025: The pivotal role of Saudi Arabia’s finance ecosystem for micro, small, and medium-sized enterprises (MSMEs) in advancing the Kingdom’s economic diversification and financial inclusion objectives is explored in a new report released by Oxford Business Group (OBG), in collaboration with the Kafalah programme. Titled, “MSME Empowerment in Saudi Arabia,” the report examines the country’s strategic efforts to drive the growth of MSMEs by improving access to finance and fostering entrepreneurship. It highlights how the Kingdom is leveraging tailored financial solutions to…

Abu Dhabi, February 4, 2025 – Smpl Fund I, a $10 million venture capital fund launched by Smpl Holdings, has announced a strategic investment of $250,000 in multiple AI and technology companies within the Qora71 portfolio. Smpl Fund I, which focuses on supporting AI and tech startups across the MENA region and beyond, provides seed capital alongside hands-on strategic support to accelerate the growth of innovative companies. Qora71, a venture investor syndicate and a member of the Hub71 Angel Program, offers accredited investors the opportunity to invest on a deal-by-deal basis, without minimum commitments or fees. The syndicate’s portfolio includes…

UAE, Abu Dhabi –January 2025: Abu Dhabi Sustainability Week (ADSW), the global platform for addressing the world’s most pressing sustainability challenges, announced today that Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, has signed a three-year partnership agreement. Under the agreement, signed by Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Abdul Nasser Bin Kalban, EGA Chief Executive Officer, EGA will be the ADSW Associate Partner from 2025 to 2027. ADSW, hosted by Masdar, brings together policymakers, industry and civil society leaders, entrepreneurs, and other key stakeholders to accelerate economic, social,…

The Eco-friendly ride option supported by the TGA will enable customers to contribute to carbon removal efforts through MEWA’s tree-planting initiatives powered by the Sedrah Program.    Riyadh, Saudi Arabia – January 2025 – CarbonSifr, a pioneering climate-tech company and a participant in the inaugural Sedrah Program under MEWA (Ministry of Environment ,Water and Agriculture) and Careem Rides, focused on facilitating everyday reliable and convenient commuting options for the region through the Careem app, are announcing the launch of Careem’s Eco-friendly ride option in Saudi Arabia with support from the Transport General Authority (TGA) and MEWA’s Sedrah Program. Eco-friendly rides, launched…

Saudi Venture Capital (SVC) announced its investment in Middle East Venture Fund IV, a venture capital fund managed by Middle East Venture Partners (MEVP). The fund size is $150 million. The fund will support technology startups with high growth potential that will have a positive long-term impact on multiple sectors of Saudi Arabia’s rapidly modernising economy. It will support their growth and steward their maturity from the Seed stage to Series A, Series B, and IPO/exit to create Saudi and regional technology champions. Dr. Nabeel Koshak, CEO and Board Member at SVC, said: “Our investment in the Middle East Venture…

Aliph Capital (“Aliph”), an ADGM-based private equity manager, announces the acquisition of a 25% stake in SANIPEX GROUP (“the Company”), the leading homegrown lifestyle product supplier. The investment follows Aliph’s investment in the UAE’s pet retail sector, aligning with its strategy of deploying capital in high-quality, market-leading GCC companies. SANIPEX GROUP provides high-quality bathroom, kitchen, surface, lighting, and outdoor solutions to retail, corporate, and trade customers across the GCC and beyond. With showrooms, distribution reach, and trade partners, the group has a presence in over 30 countries and commands a leading market share with its homegrown bathroom brand, BAGNODESIGN, and…

After a series of successful events in Dubai, Blockchain Life 2025 will bring the global industry stars and international community to the heart of the CIS.The 14th Blockchain Forum will bring together over 15,000 premium attendees, including the most influential figures in web3, cryptocurrency, and mining from more than 100 countries. The last event featured participation from Tether, TRON, Ledger, Trust Wallet, Tezos, Binance, TON, OKX, Ripple, Bitmain, Bybit, Animoca Brands, Circle, BingX, ICP, Kraken, Sandbox, Polygon, Litecoin, Sui, BNB Chain, Cardano, DYDX, Vechain, Osmosis, Chiliz, Algorand, Ether Fi, Manta, Mantle, Delysium. Simultaneous translation of all speeches into English will…

Dubai, November, 2024: Sobha Realty, a leading global luxury real estate developer, has achieved an impressive score of 91 in the 2024 Annual GRESB Assessment, marking a significant improvement from its 2023 score of 72. This achievement highlights Sobha Realty’s steadfast commitment to Environment, Social and Governance (ESG) pillars, strengthened by its second consecutive year of voluntary participation in the GRESB ESG benchmarking. This advancement positions Sobha Realty among the top 4% of global entities striving for excellence in ESG performance and sustainability leadership. In the 2024 GRESB Development Benchmarking Assessment, Sobha Realty outperformed both global and peer averages, attaining an…

Dubai, UAE,November 2024- The ‘Bil Arabi’, a key knowledge initiative launched by the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) to foster Arabic language usage and its vocabulary in day-to-day interactions, was recognized with an award from the King Salman Global Academy for Arabic Language in its third edition. The recognition showcases the initiative’s significant strides in its efforts to support the Arabic language and raise linguistic awareness among Arab communities. During the award ceremony, which was recently held in Riyadh, His Highness Prince Badr bin Abdullah bin Mohammed bin Farhan, Saudi Minister of Culture and Chairman of the Board…