Author: Mahdeehassan

Riyadh, September, 2024 – As part of its corporate expansion, Amsa Hospitality is pleased to announce the appointment of Muin Serhan as its new Chief Executive Officer. A seasoned hotelier with an international background, Serhan will report to Mohammad Alathel, founder and now Managing Director of the Saudi hospitality startup. Serhan brings 24 years of global experience with leading hotel chains to his new role. His award-winning career has demonstrated his ability to successfully build and operate large properties in various locations, both within the Kingdom and abroad. Mohammad Alathel, Managing Director of Amsa Hospitality, commented, “I am thrilled to…

Sobha Realty, a leading global luxury real estate developer, announces the successful execution of a strategic tap into its existing sukuk on Tuesday, September 10, 2024. This latest tap is an extension of the Developer’s inaugural sukuk issuance of USD 300 million, which took place in July 2023 and currently has an outstanding balance of USD 270 million. This sukuk was listed on both the London Stock Exchange (LSE) and NASDAQ Dubai. With the completion of this tap, Sobha Realty’s total sukuk issuance now reaches a benchmark size of USD 500 million. The tap adheres to the existing sukuk terms,…

In line with its commitment to enhancing accessibility to complex care in the UAE, Burjeel Holdings, a leading super-specialty healthcare services provider in MENA, has launched the Nader Orthopedics & Sports Medicine Center at Burjeel Day Surgery Center, Al Reem Island. The state-of-the-art facility employs the latest medical technology and innovative treatment techniques to deliver personalized care. The center was inaugurated by His Excellency Adnan Hamad Al Hammadi, Member of the Federal National Council, alongside Dr. Shamsheer Vayalil, Founder and Chairman of Burjeel Holdings, Mr. John Sunil, Group CEO of Burjeel Holdings, Mr. Omran Al Khoori, Executive Board Member at…

Tenable®, the exposure management company, today announced the release of AI Aware, advanced detection capabilities designed to rapidly surface artificial intelligence solutions, vulnerabilities and weaknesses available in Tenable Vulnerability Management, the world’s #1 vulnerability management solution. Tenable AI Aware provides exposure insight into AI applications, libraries and plugins so organizations can confidently expose and close AI risk, without inhibiting business operations. The rapid development and adoption of AI technologies in the past two years has introduced major cybersecurity and compliance risks that organizations must proactively address without established best practices. As a result, cybersecurity teams face significant AI-related challenges, such…

ABU DHABI, September 2024 – ESMAA, an Abu Dhabi-based rights management entity representing global music stakeholders in the Gulf and Middle East, and Anghami (NASDAQ: ANGH), the leading music and entertainment streaming platform in the Middle East and North Africa region, announce a new music licensing agreement on behalf of independent music publishers. This deal marks the resolution of a legal dispute between ESMAA (representing PopArabia and Reservoir) and Anghami, clearing the path for a new joint performance and mechanical licensing agreement based on global practices for representation, reporting, and claims. ESMAA represents the repertoire of PopArabia, including the company’s…

Lamar Holding and Asyad Group Announce EPC Contract Award to TOP Engineering /Shaanxi Construction Corporation for Haradh and Wudaihi Housing Project, Groundbreaking Ceremony Marks Construction Commencement Riyadh, Saudi Arabia – Lamar Holding and Asyad Group, the primary developers of the Haradh and Wudaihi Staff Housing Complexes, are excited to announce the awarding of the Engineering, Procurement, and Construction (EPC) contract to TOP Engineering/Shaanxi Construction Corporation, through their SPV (First Developers Real Estate Development Company). This announcement coincides with the official groundbreaking ceremony, which marks the commencement of construction for the project. The development will deliver over 140,000 square meters of…

Following recent changes to the Greek and Portuguese Golden Visa schemes, Cyprus’ Permanent Residency Programme now offers the most cost-effective route into the EU. A minimum investment of €300,000 (+VAT) into a residential property allows individuals, and their families, to qualify for permanent residency in the country, which is now over €50,000 cheaper than the equivalent scheme in Malta and over €200,000 cheaper than Germany and Greece. While Ireland, Spain and Portugal have all closed their entries via real estate investment and Greece has most recently raised its Golden Visa entry threshold costs significantly. According to Cyprus’ largest development group,…

Business owners and tech enthusiasts alike won’t want to miss this as Hyperfusion, the leading AI computing solutions provider in the Middle East, is set to unveil its latest advancements in the field at the highly anticipated Dubai AI and Web3 Festival 2024. The event, hosted at Madinat Jumeirah on September 11th and 12th, will serve as a dynamic platform for Hyperfusion to showcase its groundbreaking technology solutions tailored to accelerate AI transformations for enterprises, government agencies, and academic institutions. As a proud homegrown company, Hyperfusion is dedicated to helping businesses unlock the power of AI with locally powered, high-performance computing…

Jaipur Rugs, India’s largest manufacturer of handmade rugs, is excited to announce its participation in INDEX Saudi Arabia, the Kingdom’s leading interior design and fit-out trade event. The event will take place from September 17th to 19th, 2024, at the Riyadh Front Exhibition and Conference Centre. INDEX Saudi Arabia attracts a diverse array of international and local brands, offering a rich mosaic of new ideas and trends that collectively shape the ever-evolving landscape of interior design in Saudi Arabia. Visitors to the Jaipur Rugs booth can expect a visionary display of design and luxury, featuring Jaipur Rugs’ one-of-a-kind collections. These…

Dubai, UAE – September 2024: In a historic breakthrough against one of the most pressing environmental challenges of our time, Fuelre4m proudly introduces Styrex. This groundbreaking innovation is not just a new product; it is a global first, revolutionising how we manage and repurpose polystyrene waste. Fuelre4m is already in discussions with leading global businesses, and the interest is significant, demonstrating the urgent demand for a solution like Styrex. The Polystyrene Crisis: An Urgent Global Emergency Polystyrene, commonly known as Styrofoam, has long plagued our environment as a persistent pollutant. Every year, approximately 14 million tons of polystyrene waste are…