Saudi Arabia’s efforts to boost both non-oil and private-sector growth, while moving swiftly to introduce measures aimed at mitigating the impact of Covid-19, are analysed in a new report by the global research and advisory firm Oxford Business Group (OBG). The Report: Saudi Arabia 2020 explores the latest initiatives ushered in under Vision 2030, the Kingdom’s long-term development plan, which are leading its bid to diversify the economy and increase opportunities for investment. OBG provides detailed coverage of developments under way in Saudi Arabia’s industrial sector, which is poised for a major investment boost, as part of broader plans to…
Author: Kasun Illankoon
According to a report by Oman Observer and Oman News Agency, a tender has been floated for the construction work of Ibri Science and Innovation Centre project in the Wilayat of Ibri in Al Dhahirah Governorate. The centre is one of several sustainable social development projects being implemented by the private sector in various governorates of the Sultanate. Commenting on the project, Shaikh Dr Khalaf bin Salim al Ishaqi, Wali of Ibri, said the Ibri Science and Innovation Centre is funded by OQ within the framework of its corporate social responsibility under the supervision of Jusoor Foundation. The project is…
EMPG, the parent company of the UAE’s leading property classifieds website Bayut, has announced its acquisition of Lamudi Global in the Philippines, Indonesia and Mexico. EMPG has confirmed that the acquisition took place before the group’s recent merger with OLX Group’s businesses in MENA and South Asia that raised EMPG’s valuation to $1 billion, making it one of the few unicorn businesses in the region. This news comes almost a year after Bayut’s parent company’s acquisition of Lamudi’s Middle East and Pakistani businesses, which they have already successfully integrated with their other portals in these markets. Lamudi was founded in…
Etihad Credit Insurance (ECI), the UAE Federal export credit company, and Abu Dhabi Exports Office (ADEX), the UAE-wide export financing entity founded by Abu Dhabi Fund for Development, announced today a strategic alliance to help UAE exporters overcome the most pressing challenges they face in the current economic climate. ADEX and ECI will combine their highly complementary suite of financial and insurance products and services to bring to UAE businesses a full range of credit facilities – direct financing, guarantees and export credit insurance – to maximize their competitiveness in the global marketplace. Management of both organizations, which share a…
Ajman Free Zone (AFZ) has partnered with Seamless Webinar to host an online discussion on how to build an e-commerce business swiftly and efficiently. The session, which is scheduled to be held at 11 AM (GST) on May 13, 2020, will feature Athbi Al-Enezi, Co-Founder of JustClean, Kuwait; Ammar Akhtar, Chief Executive Officer, Finalrentals; and Leena Khalil, CCO / Co-Founder, Mumzworld; alongside Sheikha Al Nuaimi, Executive Director of Marketing and Sales, Ajman Free Zone and will be moderated by Sowmya Iyer, Founder and CEO, DViO Digital. The free to attend webinar will dive deep into the finer aspects of e-commerce…
Dubai Land Department (DLD), through its Registration and Real Estate Services sector, was able to demonstrate the effectiveness of its advanced infrastructure during the exceptional circumstances resulting from the outbreak of COVID-19, after it provided solutions to maintain its communication with customers and provide services, including the e-mortgage registration service. The process of registering e-mortgages is carried out via either banks or real estate registration trustee offices that provide all real estate transaction services. The mortgage service helps support DLD’s commitment to the precautionary measures and guidelines issued by health authorities to maintain the health and safety of its employees…
Deyaar Development PJSC (“Deyaar”), one of Dubai’s leading property developers and real estate service providers, has announced the launch of Deyaar Community Management (Deyaar CM) – a rebranding of its former Deyaar Owners Association Management (DOAM) subsidiary. Following DOAM’s 11-year history of serving home owners across Dubai, Deyaar rebranded the division in accordance with Law No. (6) of 2019 concerning Jointly Owned Property in Dubai, which implements a fundamental shift in the real estate industry by transitioning from owners’ associations, and transferring responsibility for jointly-owned properties to management entities, such as Deyaar CM under the regulatory supervision of the RERA.…
Lödige Industries has equipped the new perfume production facility of Emper Perfumes and Cosmetics in Dubai with two of its Sherpa freight lifts with a capacity of 1000 kg each. The lifts are used to transport raw materials to the mezzanine floor for production. For their new factory located in the Technoparc Dubai, the company required a customised transport solution. With this investment, the company is strengthening its position on the important MEA fragrance market, which is steadily increasing its importance for the global perfume trade. The installation of the two lifts was finished within three weeks, which is a…
KEESTRACK, the global specialist for mobile crushing and screening equipment worked together with Michael Brookshaw, the Global Distribution Manager, for 5 years to enlarge their distribution network globally. After completing the 5-year working contract, Keestrack and Mr Brookshaw decided that he will stand down from this position. Keestrack and Brookshaw did set many goals and they have succeeded them all and gone beyond. Which has been possible due to a dedicated team and a well setup distributor network. The tasks of Mr. Brookshaw will be taken over by the CEO of Keestrack, Mr. Frederik Hoogendoorn, second generation business owner, who…
The newly launched SDLG mini excavator E660FL is proving it is small but mighty on a housing development in Indonesia. Property developer PT Tanggamus Niaga Tama is using the E660FL mini excavator to build new houses in Lampung province in Sumatra, Indonesia. “Indonesia’s urbanization is growing rapidly, and companies need versatile machines that can work within tight space constraints,” said Deky Asitky, director of PT Tanggamus Niaga Tama. “The SDLG E660FL mini excavator may be small but it has proven its mightiness on site, and it is perfect for our work.” On site since July 2019, the E660FL works about…