With the initial funding of US$ 7 million split equally between the partners and being invested in 2021, the fully incorporated 50-50 JV will be registered inside the award-winning Abu Dhabi Global Markets financial centre. With directors to be appointed from both parties, as well as independently, it will serve to bring to market a number of digital ventures.

Dubai’s Careem eyes growth through partnerships, making the app a […]

A rise in online shopping has led to increased web traffic, something cybercriminals have been all too quick to exploit. And in 2020, this issue only grew more significant, further impacting the security of ecommerce sites. Between September and October alone, the FortiGuard Labs team saw a 140% increase in attempted attacks targeting this space.

Almarai is working with digital business consultants McKinsey and SAP Services. Almarai is deploying SAP S/4HANA real-time business suite, which will run on a HANA Enterprise Cloud platform that is managed by SAP.

During the COVID-19 pandemic, the company accelerated its growth by offering cash flow relief to small businesses in selected business categories, processing over $60 Million in loan applications year to date.