500 Startups Closes Largest Fund Raised To Date, Announces Rebrand to “500 Global”

500 Startups Closes Largest Fund Raised To Date, Announces Rebrand to “500 Global”

SAN FRANCISCO–(BUSINESS WIRE/AETOSWire)— 500 Startups, one of the world’s most active venture capital firms, today announced the closing of a $140M global flagship fund–the firm’s largest fund to date–bringing assets under management to $1.8B.* Now rebranded as 500 Global, the firm has been expanding its investment strategy beyond the accelerator and seed stage. The eleven-year-old firm’s global thesis has paid off: 500 Global’s first global flagship fund is a top decile performer with a net TVPI of 11x^. Overall, the firm’s portfolio has yielded 33 companies valued over $1B and more…

A Distinguished Collaboration Between Fujairah-based Rumailah Farms and Al Bahar Hotel & Resort

A Distinguished Collaboration Between Fujairah-based Rumailah Farms and Al Bahar Hotel & Resort

FUJAIRAH, United Arab Emirates–(BUSINESS WIRE/AETOSWire)— Following the successful partnership between Rumailah Farms and Address Hotel + Resorts, the farm-fresh dairy product supplier, Rumailah Farms, has recently launched a promising partnership with a renowned premium luxury hotel located in Fujairah, Al Bahar Hotel & Resort on August 31. The General Manager of Rumailah Farms, Abdullah Taleb, says “The value of establishing strong bonds with local businesses cannot be overstated. Having established ourselves in the B2C market, it’s the logical next step for us to branch out and create value in other endeavors,…

SNC-Lavalin’s Atkins business expands its digital services in the UAE

SNC-Lavalin’s Atkins business expands its digital services in the UAE

Dubai, The United Arab Emirates, (AETOSWire) – Atkins, a member of the SNC-Lavalin Group, is expanding its digital and technology services in the United Arab Emirates (UAE) to meet the country’s growing needs to deliver new projects more efficiently and enhance existing assets. This sees the appointment of new senior positions to support the Company’s digital transformation agenda. Marianna Imprialou is joining Atkins UAE technology leadership as the Head of Machine Learning and Artificial Intelligence (ML& AI). As part of her role, she will focus on the exploitation of architecture, engineering,…

Alibaba to face further regulations

Alibaba to face further regulations

Dubai, United Arab Emirates, (AETOSWire): Chinese State Administration for Market Regulation (SAMR) is tightening of antitrust regulations in the agenda for 2021. Beijing has become watchful to expansion and the excessive market power of large technology companies. SAMR director Zhang Gong pursues unfair competition and claims that whether it is an online or offline business, no one can abuse their monopoly position. Obviously, the Chinese government wants to have more control over the tech giants. Alibaba was already fined $2.8 billion by SAMR this April for abusing its monopoly on…

AD Ports Group and CMA CGM Group announce agreement to invest AED 570 million in new terminal at Khalifa Port

AD Ports Group and CMA CGM Group announce agreement to invest AED 570 million in new terminal at Khalifa Port

Abu Dhabi, United Arab Emirates, AD Ports Group, the region’s premier facilitator of logistics, industry, and trade, and France-based CMA CGM Group, a world leader in shipping and logistics, have announced the signing of a 35-year concession agreement. Under the terms of the agreement, a new terminal will be established in Khalifa Port, the first semi-automated container port in the GCC region, which will be managed by a joint venture owned by CMA CGM’s subsidiary CMA Terminals (with a 70 percent stake) and AD Ports Group (30 percent stake). The…

Avanade, an Accenture and Microsoft Joint Venture, Launches in the United Arab Emirates

Avanade, an Accenture and Microsoft Joint Venture, Launches in the United Arab Emirates

 Dubai and Abu Dhabi, United Arab Emirates,(AETOSWire) – Avanade, the leading digital innovator on the Microsoft ecosystem, today announced the launch of its business in the United Arab Emirates (UAE), with offices in Dubai and Abu Dhabi. Adriano Neves, Avanade’s Sales, Industry and Client Relationships Lead in Brazil, has been appointed to lead the company’s newest entity and will relocate from São Paulo to Dubai. Established by Accenture and Microsoft in 2000, Avanade today has 49,000 professionals globally focused on the Microsoft ecosystem providing technology and consulting expertise to help…

Romain Afflelou, globally renowned techpreneur, partners with Gawah Holdings Inc to develop European Middle East innovation & capital bridge

Romain Afflelou, globally renowned techpreneur, partners with Gawah Holdings Inc to develop European Middle East innovation & capital bridge

PARIS–(BUSINESS WIRE/AETOSWire) – Romain Afflelou, a serial investor, a tech enthusiast and entrepreneur has today announced his alliance with Gawah Holdings, Inc., to develop and support a bridge of cross collaboration for investment and innovation between the Middle East and Europe. Afflelou is renowned globally for his numerous successful businesses focused in the tech space, spanning from his own idea generation, or investing into promising entrepreneurs and leading them to commercialization and monetization. He started his career spearheading the digital strategy at Alain Afflelou group of companies, and proceeded to…

Peru Officially Participates in Expo 2020 Dubai

Peru Officially Participates in Expo 2020 Dubai

LIMA, Peru–(BUSINESS WIRE/AETOSWire)— For six months, Peru will exhibit all its biological and cultural diversity from its 25 regions, across the Andes, the coast, the jungle and the sea. This important international event will give a strong boost to the tourism and export activity of the country, which is currently in the process of recovery. We estimate that Peru’s participation in this Expo will reach US$70 million. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210830005623/en/ The Peru pavilion will have 2,500 m2 of area distributed over four floors,…

Epsilon Appoints Leader for Market Expansion in Middle East & Africa

Epsilon Appoints Leader for Market Expansion in Middle East & Africa

DUBAI, United Arab Emirates–(BUSINESS WIRE/AETOSWire)— Epsilon®, a global leader in outcome-based marketing, today announced the appointment of Saira Mehdi as the Sales Director for the Middle East & Africa (MEA) region, effective immediately. Saira will own the mandate for top line revenue growth, drive new business opportunities for Epsilon’s products and solutions and grow the company’s client base in the region. She will also play a significant role in positioning Epsilon as a premier martech and adtech player in MEA. Saira comes with 14 years of work experience in the IT…

TigerWit Opens Dubai Office to Provide In-Person Access to Financial Services

TigerWit Opens Dubai Office to Provide In-Person Access to Financial Services

DUBAI, United Arab Emirates–(BUSINESS WIRE/AETOSWire)— Global Fintech service provider, TigerWit, has today announced the grand opening of the sales and customer service centre in Dubai, UAE. The move to expand their services further in the region comes as they received their licence to serve and cater for individuals and entities looking to add exposure to global markets. The new Dubai TigerWit offices opened on 1st August and is located at Business Bay, Bay Square in Dubai and their dedicated team of sales, marketing, and customer service representatives provide clients with a bespoke service and…