Author: Mahdeehassan

Dubai, United Arab Emirates – BECO Capital, a leading early-stage venture capital firm, announced a $20M investment from SVC further strengthening its commitment to supporting the burgeoning Saudi startup ecosystem. The investment marks a key moment in BECO’s ongoing efforts to back the region’s most promising technology companies, with a specific focus on Saudi Arabia’s emerging market. “We’re thrilled to deepen our partnership with SVC, a respected institution whose mission aligns with ours: driving growth and innovation in Saudi Arabia’s technology sector,” said Dany Farha, Co-Founder and Managing Partner at BECO Capital. “This collaboration is a natural extension of BECO’s…

Dubai, United Arab Emirates, November, 2024: OMODA & JAECOO, the innovative automotive brand dedicated to pioneering the future of travel, continues to show strong momentum and draw global interest, with total sales exceeding 360,000 units in just 18 months. This achievement, marked by consistent monthly sales exceeding 20,000 units since April 2024, underscores the brand’s rapid growth and sets the stage for its highly anticipated entry into the UAE market. This strong momentum is fuelling OMODA & JAECOO’s strategic expansion into key markets, including the establishment of its highly anticipated Middle Eastern Hub in the UAE. With accelerating sales figures worldwide,…

Muscat, Oman – November 2024 – The Sustainable City – Yiti is set to showcase its leadership in sustainable living at Cityscape Global 2024, taking place in Riyadh, the Saudi capital. This participation marks the latest in a series of appearances at international and regional real estate events, reinforcing its position as a global model for net zero living. The Sustainable City – Yiti will showcase the project’s commitment to sustainable living through comprehensive social, environmental, and economic sustainability strategies. The community’s design minimizes environmental impact and maximizes quality of life, providing residents with significant cost savings, including up to 100% savings on…

Riyadh, Saudi Arabia: The Saudi Film Commission announced the commencement of the second edition of the International Film Criticism Conference in Riyadh, running from November 6 to 10, 2024. The conference is distinguished by a vast presence of international filmmakers, critics, and cinephiles. The second edition of the Film Criticism Conference is held under the theme “Sound in Cinema”, to explore the various impacts of sound on the film experience and its influence on the film industry. The discussions will cover different elements such as film scores, sound effects, and nature sounds. The conference will also include workshops, film screenings,…

Nissan Motor Co., Ltd. today announced financial results for the six-months ended September 30, 2024, and revised its full year financial outlook for fiscal year 2024. Fiscal year 2024 first-half financial results Consolidated net revenue decreased by 79.1 billion yen to 5.98 trillion yen, with consolidated operating profit decreasing 303.8 billion yen to 32.9 billion yen, representing an operating profit margin of 0.5%. Net income1 was 19.2 billion yen. Global sales volumes decreased year-on-year to 1.6 million units. Profitability was affected by higher selling expenses and inventory optimization efforts, particularly in the US, along with rising monozukuri costs. The following…

Dubai, UAE: DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, announced its continued commitment to advancing science technology, engineering and mathematics (STEM) education through several global initiatives designed to foster a diverse and inclusive workplace. In honor of World STEM Day, DXC is proud to sponsor and participate in several programs throughout the globe, with the goal of enhancing STEM talent. As a global leader in IT services, DXC recognizes that fostering STEM skills is essential for driving innovation, empowering individuals, and addressing the challenges of today’s digital world. With a global workforce of over 125,000…

Saudi platform Mush Social has raised $1.2 million in its pre-seed investment round. The round was led by Nifal Consulting, with participation from Nahr Al-Jazeera Holding and several angel investors. This funding positions Mush Social for significant growth in the competitive social media space. The company is developing a unique social media platform that stands out by allowing users to earn interactive points. These points unlock extra benefits, driving user engagement. Additionally, the platform offers a “Map” feature, enabling users to own virtual assets that will eventually generate financial returns. This feature helps maximise the value users get from the…

London, United Kingdom: Hikma Pharmaceuticals PLC (Hikma, Group), the multinational pharmaceutical group, today provides an update on current trading. Riad Mishlawi, Hikma’s CEO, said: “I am pleased with our progress this year and we remain on track to deliver another strong performance in 2024, in line with our current guidance. All three businesses are contributing, with new launches across our markets and investment in our infrastructure giving us confidence for the future. We have made excellent strategic progress in the period, having closed the Xellia acquisition and signed an important contract manufacturing agreement for our Generics business.” Group The Group…

Abu Dhabi has earned a spot as one of the world’s leading cities to kickstart a software career, according to a recent report by software solutions provider Nsoft. The study assessed the best global locations for software professionals and placed the UAE capital fifth, just behind Washington D.C., as an emerging hub for technology and innovation in the Middle East. The analysis ranks cities based on various criteria, including the number of available software positions, average salaries, the density of software companies, cost of living, quality of life, and broadband speeds. Abu Dhabi’s thriving tech landscape and significant investments in…

The chip giant Nvidia is said to replace Intel in the top-tier Dow Jones Industrial Average, the 30-stock blue-chip index from November 8. Dow is considered to be the primary gauge of the world’s biggest stock market. The report as per S&P Dow Jones Indices. This will end Intel’s long 25-year run in the Dow. Nvidia will now join Microsoft and Apple, its $3 trillion peer. Other tech giants – Meta, Facebook’s parent company, Amazon, and Google are yet to join the index. Primarily, Dow is a price-weighted index. It assigns the weightings based on the organisation’s stock prices, that…