Author: Mahdeehassan

SAUDI MANPOWER SOLUTIONS COMPANY (“SMASCO” or the “Company” or the “Group”) the leading manpower solutions company in the Kingdom of Saudi Arabia (the “Kingdom”), announced today the listing of its shares on the Main Market of the Saudi Exchange following ethe successful completion of its initial public offering (the “IPO” or “Offering”). The Company is now trading under the ticker symbol: 1834. The Offering comprised a secondary offering of 120,000,000 ordinary shares (the “Offer Shares”) representing 30% of the Company’s total issued share capital. 90% of the Offer Shares were allocated to certain institutional investors (the “Participating Parties”). The institutional…

The Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, today published its Green Finance Framework to support decarbonisation projects and initiatives that contribute to the transition to a low-carbon economy. The company also revealed that its recent acquisition of European speciality foundry Leichtmetall was fully funded with EGA’s first green loan facility. A green finance framework defines eligibility and governance mechanisms for financing from third-party institutions and funds that prioritise sustainability in their capital allocation, among other sources. Publishing the framework advances EGA’s sustainability goals by enabling access to a more…

The Chairman of the Board of Directors of Drake & Skull International LLC, Engineer Shafiq Abdul Hamid, announced the completion of the company’s compliance with all restructuring plan requirements after issuing mandatory convertible sukuk to the Company’s creditors, in accordance with the restructuring plan, for the benefit of the financial and commercial creditors with the debts equivalent or exceeding AED 1 million. Engineer Shafiq emphasized the company’s completion of all other requirements stipulated in the restructuring plan agreed upon with creditors and approved by the competent courts, which include the company’s success in increasing its new capital by more than…

OneWorldChain launches OWCT token, enhancing blockchain with high-speed, low-cost transactions; Mainnet live, tokens available July 2024. Orlando, USA — In an exhilarating development that sets the stage for a new era in digital transactions, OneWorldChain is thrilled to announce the launch of its pioneering utility token, the OneWorldChain Token (OWCT). As the cornerstone of OneWorldChain’s advanced EVM-Compatible Layer One blockchain, the OWCT token is designed to empower a decentralized platform with unmatched efficiency and unparalleled accessibility, all powered by its innovative Delegated Proof of Stake (DPoS) consensus mechanism. An Invitation to Experience Revolutionary Blockchain Technology The journey towards blockchain excellence begins with the OneWorldChain…

In a move set to redefine the real estate landscape of the UAE, Vision Developments, an innovative Emirati enterprise, has unveiled its ambitious plans for local expansion and growth. Backed by a commitment to quality, community, and innovation, Vision Developments has established itself in the market since 2021 with 3 projects completed and sold out. Coming in with 15 years of experience in construction and real estate developments by Vision Constructions, the foundation of Vision Developments is based on setting new standards in the industry through innovation, smart technology and client focus. Vision is announcing numerous upcoming projects in the…

Mlle Paola, the renowned perfume brand founded by socialite and entrepreneur Paola El Sitt, proudly introduces its latest collection, “The Wonders of Courage.” This highly anticipated collection features four unique Extraits de Parfum: MP 33, MP 39, MP 66, and MP 99, each crafted to embody strength, resilience, and the power to overcome life’s challenges. Since its inception in 2016, Mlle Paola has been a symbol of courage, strength, and self-expression in the fashion and beauty industry. Building on the success of her first fragrance, “MP by Paola,” launched in 2019, Paola El Sitt has collaborated once again with SYMRISE,…

TMF Group, a leading provider of compliance and administrative services, has today launched the 11th edition of the Global Business Complexity Index (GBCI). Based on 292 key business indicators across 79 jurisdictions, this report provides an overview of the challenges investors face when operating businesses around the world. Within the Middle East, Turkey tops the rankings as the most complex country in the region in which to do business, coming in at 6th in the global standings. The country’s frequent tax law changes, elaborate document submission processes and new capital requirements for specific sectors contribute to its complexity level. Government VAT exemptions…

In the ever-evolving landscape of global entrepreneurship, few individuals capture the essence of innovation, dedication, and social impact as profoundly as Mohammed Kilany. Recognized as a trailblazer in his field, Kilany’s recent accolade as a recipient of the prestigious 40 Under 40 Business Award for 2024 by the Business Elite Awards, under the esteemed Global Top Brands Awards, solidifies his position as a visionary leader with a transformative vision and an unwavering commitment to driving positive change. Born and raised in Palestine, Mohammed Kilany’s entrepreneurial journey is a testament to resilience, determination, and the power of unwavering belief. With a…

United Arab Emirates: Emirates Global Aluminium, the largest industrial company in the United Arab Emirates, and Aluminium Corporation of China (Chinalco) have signed a framework agreement progressing their cooperation on the development of an alumina refinery in the Republic of Guinea. The signing ceremony was witnessed by His Excellency Mohammad Hassan Al Suwaidi, UAE Minister of Investment, His Excellency Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, His Excellency Ling Ji, Vice Minister and Deputy International Trade Representative of Ministry of Commerce of the People’s Republic of China, and Mr. Zhang Yujing, President of China…

Under the patronage of the Ministry of Transport and Logistics, and the minister of Transport, H.E Saleh Al-Jasser, the Project Management Institute (PMI) in Saudi Arabia is organizing the third session of the Global Project Management Forum (GPMF), with the theme “Achieving the Dream: Leadership, Empowerment, Sustainability”. Riyadh, Saudi Arabia: Project Management Institute (PMI), the world’s leading authority for project professionals, plays an integral role in Saudi Arabia’s vibrant project management landscape. With the Kingdom on an economic overdrive following the announcement of their ambitious Saudi Vision 2030, PMI is tasked with equipping the national Saudi workforce with the requisite skills to envision and…