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  • Top 100 Arab Family Businesses

    Arab family businesses in the Middle East have so far this year seen many of the fields they are most active in—including retail, real estate, energy, and industrials—welcome a V-shaped recovery. And these businesses are themselves continuously evolving. While they still invest in their traditional businesses they are also moving towards new age industries, investing in startups and, in some cases, founding their own new enterprises.

  • Top 100 Arab Family Businesses

    Arab family businesses in the Middle East have so far this year seen many of the fields they are most active in—including retail, real estate, energy, and industrials—welcome a V-shaped recovery. And these businesses are themselves continuously evolving. While they still invest in their traditional businesses they are also moving towards new age industries, investing in startups and, in some cases, founding their own new enterprises.

  • Saudi Arabia to launch new airline ‘RIA’ with $30bn war chest to rival Emirates – Arabian Business

    Saudi Arabia is targeting 30 million international transit passengers by 2030, compared to under four million currently. Sources suggest this will mean the new carrier will eventually need to operate over 150 routes globally, across Europe, North America, South America, Africa and Asia, which necessitates $30 billion investment. Emirates currently flies to 158 destinations in 85 countries.

  • Monsha’at provides over 200 training courses to Saudi businesses

    To increase the sector's contribution to the GDP, the Small and Medium Enterprises General Authority, or Monsha'at, has been providing training courses to business owners. In order to assist prospective company owners and entrepreneurs by enhancing their capacity to reach markets, manage current firms, and investigate opportunities for business growth, Monsha'at developed an online academy in 2020. The school provided over 200 training opportunities, such as boot camps, workshops, and self-paced online courses.

  • Biden’s climate bill is already kickstarting new clean energy businesses

    The Inflation Reduction Act is a $370 billion rocket booster for the US clean energy industry—and companies big and small are already strapping in for the ride. Kontrolmatik Technologies, a Virginia-based energy storage company, was already in the midst of building a factory in Turkey to manufacture utility-scale batteries, and had plans underway for a similar factory in the US. The production capacity of the US facility was planned for 2 gigawatt-hours per year—about one-tenth the output of Tesla’s “gigafactory” in Nevada, but still substantial.

  • Saudi, UAE Business Conditions Improve as Inflation Cools

    Input costs in the Arab world’s two largest economies eased marginally after soaring to an 11-year high in June, according to S&P Global. Its Purchasing Managers’ Index for the UAE was at 55.4, up from 54.8 during the previous month and well above the 50-mark separating growth from contraction. The Saudi PMI stood at 56.3 in July, down from 57.

  • For Israel and new Arab partners, $3 billion in defense business just the beginning

    The $3 billion figure came from none other than Israeli Defense Minister Benny Gantz on Thursday, when he also said that since the signing of the Abraham Accords in 2020, there have been about 150 meetings of Israeli defense personnel with counterparts in Gulf states party to the accords. Israeli sources told Breaking Defense they expect that kind of business to blossom “dramatically,” as the Arab nations spend to upgrade their defenses against perceived threats from Iran and its proxies, especially when it comes to air defense.

  • Saudi business giant eyes £1bn sustainable aviation fuel plant to kickstart UK green investment drive

    One of Saudi Arabia’s largest greentech specialists and manufacturing firms has outlined plans to invest billions in UK green infrastructure projects, with a £1bn sustainable aviation fuels (SAF) plant currently in the design phase.

  • United Arab Emirates cuts red tape to attract businesses

    The United Arab Emirates is cutting red tape to make it easier and quicker for digital companies to incorporate, the latest economic policy announcement as the government seeks to further diversify the economy away from oil revenues. Trade minister Thani Al Zeyoudi, flanked by executives from many state-linked entities, on Wednesday announced the changes that include better access to the financial and banking system.

  • Gamers8 and Spotify partner for Saudi Arabia’s first live international esports season – Fast Company Middle East | The future of tech, business and innovation.

    Gamers8, one of the biggest Esports and gaming events, has entered into an exclusive partnership with music streaming platform Spotify which will be the official audio streaming partner for the all-new esports and gaming season taking place live in Riyadh this summer.