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Hyundai Motor Group Pioneers Hydrogen Mobility in NEOM to Drive Sustainable Transport

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Sahfy Sahfy
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Hyundai Motor Group Pioneers Hydrogen Mobility in NEOM to Drive Sustainable Transport
Hyundai Motor Group Pioneers Hydrogen Mobility in NEOM to Drive Sustainable Transport

Hyundai Motor Group (the Group), in partnership with Enowa, NEOM’s energy and water subsidiary, announced today the successful completion of a pioneering hydrogen mobility trial in Trojena, the mountains of NEOM. This achievement marks the first deployment of hydrogen-powered vehicles in high-altitude mountain topography, reinforcing the Group’s leadership in hydrogen mobility. Watch the video here.

The Group operated its hydrogen fuel cell electric vehicle (FCEV) coach bus, UNIVERSE, on a mountainous route in Trojena, reaching elevations of up to 2,080 meters and gradients of 24 percent. Simulating passenger transport from NEOM’s future core business district to Trojena, the trial demonstrated vehicle performance and the practicality of hydrogen in high-altitude conditions.

This achievement builds on a comprehensive memorandum of understanding (MoU) signed with NEOM’s Mobility sector in September 2024 to explore bringing next-generation zero-emission mobility solutions to NEOM.

With Enowa having recently installed the region’s first hydrogen refuelling station, capable of supporting a range of hydrogen-powered vehicles, the Group was able to operate a UNIVERSE Fuel Cell bus for VIP transport in NEOM from October to December last year. 

This successful trial in NEOM marks an important step in advancing Saudi Arabia’s vision, aimed at driving economic transformation and fostering future industries. Hyundai Motor Group and NEOM can build on this milestone by broadening their collaboration in sustainable solutions, underscoring their shared commitment to a decarbonized future.

In collaboration with NEOM and Enowa, the Group released a video to share its journey, capturing the UNIVERSE Fuel Cell bus navigating Trojena’s mountain terrain alongside interviews with the project partners. The film highlights Hyundai Motor Group’s shared commitment to advancing sustainable mobility solutions in NEOM by demonstrating hydrogen technology in varied real-world conditions.

Hyundai Motor Group’s footprint in Saudi Arabia is rooted in earlier hydrogen efforts, which began with technology development in the late 1990s. This latest trial underscores the Group’s dedication to realizing hydrogen mobility in line with Saudi Vision 2030 and global climate goals.

Hyundai Motor Group is advancing the global energy transition through its dedicated hydrogen brand and business platform, HTWO. By harnessing its end-to-end expertise in hydrogen—from production and storage to application— HTWO is expanding as an open platform for collaboration, investment, and partnership, reinforcing the Group’s contribution to building a viable hydrogen economy.

Jisr Concludes its 10th Edition of Majlis in Makkah

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Sahfy Sahfy
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Jisr Concludes its 10th Edition of Majlis in Makkah
Jisr Concludes its 10th Edition of Majlis in Makkah

Saudi Arabia’s leading HR technology startup, Jisr, hosted its tenth edition of its flagship initiative, Majlis, in Makkah on July 22. First launched in Riyadh in 2024, the Majlis platform has welcomed over 3,000 attendees from various industries, as well as more than 200 leaders in HR and executives from both the public and private sectors. Past sessions have featured notable speakers, including Mr. Sultan Al-Sahmah, Mr. Naif Al-Faheid, and Mr. Abdulrahman Al-Akhdar, among other distinguished guests who have contributed to shaping high-level conversations on workforce transformation. 

The event’s continued growth mirrors Jisr’s rapid ascent in the Saudi tech landscape. In 2023, the company secured a $30 million Series A funding round led by Merak Capital, marking a significant milestone in its mission to modernise HR operations across the Kingdom. This investment will accelerate Jisr’s product development and reinforce its role as a key contributor to the digital transformation in human capital. 

This edition of Majlis is particularly notable as it marks the first time the event has been hosted within a client’s headquarters, with Sala welcoming Jisr to their newly opened Makkah HQ. Sala, a fellow Saudi startup, offers a powerful workplace model – exemplifying talent migration by attracting professionals from Riyadh to the western region. By exploring the experience of hosting Majlis outside of the central business cores, this highlights Jisr’s commitment to promoting significant dialogue across all areas in Saudi. The event also further strengthens Jisr’s presence with potential clients in Makkah as well as influential local organisations such as AlBaik and Saudi National Bank (SNB). 


Sala’s proactive partnership in hosting the Majlis reflects not only their dedication to cultivating strong HR practices, but also the growing prestige of the initiative itself. 

In addition to exploring employee engagement strategies, the dialogue touched up on the impact of workforce migration – both within and beyond Saudi Arabia – and its implications for talent pipelines, organisational development, and policy planning.

UN HLPF 2025: GEEP, NYU Launch Global Ideation Lab to Explore New Prospects in International Cooperation and Government Innovation

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Sahfy Sahfy
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UN HLPF 2025: GEEP, NYU Launch Global Ideation Lab to Explore New Prospects in International Cooperation and Government Innovation
UN HLPF 2025: GEEP, NYU Launch Global Ideation Lab to Explore New Prospects in International Cooperation and Government Innovation

The Government Experience Exchange Programme (GEEP), under the UAE Ministry of Cabinet Affairs, launched a Global Ideation Lab in collaboration with New York University (NYU). The Ideation Lab was held alongside the UAE delegation’s participation at the High-Level Political Forum (HLPF) on Sustainable Development 2025, organized by the United Nations Department of Economic and Social Affairs at the UN Headquarters in New York City. It brought together leading experts, academics, UN officials, diplomats, policymakers, and university students to explore new prospects in government sector innovation and global cooperation.

The session drew participation from 26 ministers, experts, academics, and UN officials, including Annemarie Hou, Executive Director of the UN Office of Partnerships, and Patrick Paul Walsh, Vice President of Education and Director of the SDG Academy at the UN Sustainable Development Solutions Network (SDSN). Attendees also included sustainability officials and diplomats from countries such as Switzerland, Portugal, Ireland, Serbia, Paraguay, Bahrain, Uzbekistan, Qatar, Kingdom of Eswatini, and others. Members of the UAE delegation to the HLPF, officials from NYU’s administrative and academic bodies, and 30 students from NYU, Stanford, and the University of Pennsylvania also participated.

Global Ideas Sandbox

The Ideation Lab helps build a global ideas sandbox and provides a creative open space. It highlighted the developmental role of comprehensive initiatives supporting global partnerships, particularly the UAE’s GEEP, which serves as an incubator for scalable cross-border partnerships and an effective knowledge sharing platform.

UAE Commitment to Expanding Partnerships

His Excellency Abdulla Nasser Lootah, Assistant Minister of Cabinet Affairs for Competitiveness and Experience Exchange and Chair of the National Committee on Sustainable Development Goals, stated that the UAE’s knowledge-sharing approach is comprehensive, leveraging contributions across sectors locally and globally. This approach provides an environment for creating innovative ideas and impactful development solutions.

“In the UAE, we have successfully built a pioneering model for international cooperation based on knowledge exchange with countries and governments, and GEEP is a crucial part of this endeavor,” Lootah said. “We are committed to involving various sectors, particularly academia, and cooperating with everyone in developing solutions to urgent global challenges, including developmental challenges, and expanding frameworks for sharing, transferring, and exchanging best government practices to help achieve sustainable development.”

He added: “The joint Global Ideation Lab between GEEP and NYU exemplifies the collaborative approach we adopt in the UAE to develop best practices that enhance readiness for present and future opportunities.”

Challenge and Solution Model

The Global Ideation Lab adopted a collaborative approach between GEEP and NYU, centered on posing challenges, linking academic insights with practical governance, and involving various stakeholders in designing partnership-based and scalable solutions.

The session outcomes contributed to aligning knowledge inputs with policy, empowering stakeholders to participate in developing innovative solutions to urgent governance challenges, and accelerating progress towards the 2030 SDGs.

UN High-Level Political Forum

The HLPF on Sustainable Development is the UN’s central platform for reviewing and advancing SDGs. Established in 2012, the forum plays a pivotal role in monitoring national and international progress on the 2030 Agenda.

Participating delegations assess progress toward the SDGs, with this year’s forum featuring in-depth reviews of five priority goals: SDG3 (ensuring healthy lives and promoting well-being for all at all ages); SDG5 (achieving gender equality and empowering all women and girls); SDG8 (promoting sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all); SDG14 (conserving and sustainably using the oceans, seas, and marine resources for sustainable development); and SDG17 (strengthening and revitalizing the Global Partnership for Sustainable Development).

AHRC Urges His Holiness Pope Leo XIV to Break the Siege on Gaza and Lead a Humanitarian Mission

By
شمس سيف
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AHRC Urges His Holiness Pope Leo XIV to Break the Siege on Gaza and Lead a Humanitarian Mission
AHRC Urges His Holiness Pope Leo XIV to Break the Siege on Gaza and Lead a Humanitarian Mission

The American Human Rights Council (AHRC-USA) joins all advocates for justice and peace around the world in respectfully calling upon His Holiness Pope Leo XIV to take immediate and bold action to help end the devastating siege on Gaza.

His Holiness Pope Leo XIV’s voice and presence can break through the silence, pierce the darkness, and awaken the conscience of the world. Gaza cries out—and the Gospel compels us to listen, to walk toward the pain, and to stand with the persecuted. The time is now. Let mercy lead the way.

The people of Gaza are facing an unprecedented humanitarian catastrophe marked by starvation, disease, and indiscriminate violence—conditions the United Nations has classified as the final stage of famine. Infants, women, and the elderly are perishing daily due to the blockade’s cruel grip and the collapse of essential services.

On July 17, Israeli military forces struck the Holy Family Catholic Church—the only Catholic church in Gaza—killing three civilians and injuring ten, including the parish priest. This attack exemplifies the unchecked impunity with which places of worship and civilians are targeted, violating every standard of human decency and international law.

The suffering in Gaza has reached a point where silence is no longer an option. This is not merely a conflict, it is a moral emergency. It transcends politics, borders, and rhetoric. It is a test of humanity.

AHRC calls on His Holiness Pope Leo XIV to lead a high-profile, interfaith humanitarian delegation to Gaza, bringing food, medical aid, and international attention. Such an act could break the siege—not only physically, but symbolically—reviving hope and affirming that compassion is stronger than cruelty.

The time has come for action beyond words. With his moral authority and global stature, His Holiness Pope Leo can help save lives and restore dignity to the suffering people of Gaza. His presence could be a beacon in the darkness—and a declaration that humanity still has the courage to care.

SODIC Displays 107% Growth in Net Profit YoY and 22% Increase in Revenues

By
شمس سيف
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SODIC Displays 107% Growth in Net Profit YoY and 22% Increase in Revenues
SODIC Displays 107% Growth in Net Profit YoY and 22% Increase in Revenues

Sixth of October Development & Investment Company “SODIC” has released its consolidated financial results for the period ended 30th of June 2025.

Net cash collections reached EGP 8.5 billion for the period, this compares to collections of EGP 5.95 billion recorded during the first half of the year.

SODIC delivered 313 units during the first six months, of which 148 were in East Cairo projects, while West Cairo accounted for 165 of the delivered units. This compares to 478 units delivered during the same period in 2024.

CAPEX spent on construction during 2025 amounted to EGP 4.9 billion, compared to EGP 3.1 billion spent during the same period last year.

Revenues of EGP 4.8 billion were recorded during the period, representing a 22% increase compared to EGP 3.9 billion of revenues recorded during the same period last year. Revenues were driven by deliveries in West Cairo projects which accounted for 56% of SODIC’s deliveries by value, while East Cairo contributed 44% of the delivered value.

Gross profit came in at EGP 2.8 billion, implying a gross profit margin of 58% and recording a 96% growth YoY.

Operating profit of EGP 1.8 billion was recorded during 2025, reflecting an operating profit margin of 38%, growing by 155% YoY.

Net profit after tax and non-controlling interest came in at EGP 1,298 million, implying a net profit margin of 27% and EPS of EGP 3.64.

SODIC continues to maintain a strong liquidity position with total cash and cash equivalents amounting to EGP 2.4 billion.

Bank leverage remains low, with bank debt to equity standing at 0.39x. Bank debt outstanding amounted to EGP 4.9 billion as of 30 June 2025. Debt to equity amounted to 0.33x at year-end 2024, with EGP 3.8 billion of outstanding debt.

Total receivables stood at EGP 81.1 billion, of which EGP 18.5 billion are short-term receivables providing strong cash flow visibility for the company. A total of EGP 8.9 billion of receivables are reported on the balance sheet, reflecting only the receivables related to delivered units already recognized as revenue. On the other hand, some EGP 72.2 billion of receivables related to undelivered units are disclosed in the footnotes.

SODIC’s total backlog of unrecognized revenue stood at EGP 89.4 billion as of 30 June 2025, providing strong revenue visibility for the company.

Commenting on the results, Ayman Amer, General Manager of SODIC, said: “We are pleased to report another strong set of financial results for the first half of 2025, showing a remarkable 107% YoY growth in net profit. The signing of a revenue share agreement for a 1,000-acre land plot in New Sphinx City marks a major milestone in our expansion strategy, effectively doubling our undeveloped land bank. With solid revenue growth, robust profitability, and a healthy balance sheet, we remain well-positioned to pursue our strategic priorities and deliver another year of record-breaking achievements”.

Valu Offers Financial Solutions for Learn to Earn Initiative Launched by RoboGarden Egypt to Equip Egyptian Youth with Digital Job-Market Skills

By
شمس سيف
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Valu Offers Financial Solutions for Learn to Earn Initiative Launched by RoboGarden Egypt to Equip Egyptian Youth with Digital Job-Market Skills
Valu Offers Financial Solutions for Learn to Earn Initiative Launched by RoboGarden Egypt to Equip Egyptian Youth with Digital Job-Market Skills

Valu, MENA’s leading universal financial technology powerhouse, has announced its partnership with RoboGarden Egypt, the AI-powered EdTech platform, to provide flexible payment plans for the “Learn to Earn” initiative. This initiative seeks to empower youth across Egypt — with a special focus on women and people with disabilities — by providing specialized digital training programs designed to equip them with the skills needed to thrive in today’s evolving job market.

The initiative features an innovative approach that promotes equal opportunity in education by offering a hybrid learning experience. Combined with Valu’s flexible payment solutions, it ensures that high-quality digital training is accessible and affordable to all.

“Learn to Earn” marks a significant milestone for both companies, with strong strategic value for the supporting entities. For Valu, this collaboration represents an opportunity to expand its diverse portfolio in lifestyle enablement, particularly in skill development and education — in alignment with national development goals and impactful community engagement.

Commenting on the partnership, Walid Hassouna, CEO of Valu, said: “This collaboration reflects Valu’s deep-rooted commitment to education and to the community we serve. As we expand beyond the traditional buy-now-pay-later model, initiatives like ‘Learn to Earn’ allow us to channel our financial tools toward meaningful, long-term impact. By partnering with RoboGarden Egypt, we’re enabling individuals — particularly those from less fortunate communities — to acquire in-demand skills and unlock economic opportunities.”

The program features a comprehensive, engaging learning experience — including self-paced content, live online sessions, and in-person workshops. Pathways such as web development open real opportunities for employment or freelance work in Egypt’s digital economy. Participants receive a certificate upon completing 75% of the content, with their progress tracked through analytics, attendance, and assessments.

As part of its commitment to supporting the initiative, Valu is hosting five training cohorts at Valu Café, sponsoring a total of 20 students, with four participants from each cohort receiving a 50% discount on the program fees.

Lamise Negm, Chairperson of the Board of Trustees of RoboGarden Egypt and Advisor to the Chairman of the Financial Regulatory Authority, expressed her pride and appreciation for launching this initiative, noting that it transcends traditional digital education to represent a deeply human mission. Negm stated: “What makes this initiative truly special is its focus on traditionally marginalized groups—women, people with disabilities, and youth in remote areas—by opening doors to the tech sector without requiring them to abandon their daily lives or overcome insurmountable barriers. It offers real opportunities for professional growth and economic empowerment by building solid bridges between education and employment. This reflects a conscious collaboration between the private sector and development partners to create a more just and inclusive tech landscape—one where no one is left behind.”

Engy El Sabban, CEO and Co-founder of RoboGarden Egypt, added: “Through this initiative, we aim to extend RoboGarden’s reach to the underserved youth, women, and people with disabilities — empowering them with remote work opportunities and flexible career paths. Our hybrid model proves scalable in the local market. We target more than 1,000 trainees across Egypt by the end of the year. Early pilot groups, delivered in collaboration with both local and international organizations, have shown strong support across sectors — and Valu’s contribution will be instrumental in scaling our impact.”

El Sabban noted that five training cohorts will be held under this partnership, with 25 participants in each — reaching a total of 125 learners. She emphasized that vocational and skills-based training is key to enhancing labor market competitiveness in Egypt, especially amid global economic shifts and the growing reliance on technology. Statistics show that around 60% of Egyptian university graduates struggle to secure employment immediately after graduation due to the gap between educational outcomes and market needs.

Egypt Mining Forum 2025 Wrap-Up Highlights, Strategic Outcomes, Commitments and Technical Excellence

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Sahfy Sahfy
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Egypt Mining Forum 2025 Wrap-Up Highlights, Strategic Outcomes, Commitments and Technical Excellence
Egypt Mining Forum 2025 Wrap-Up Highlights, Strategic Outcomes, Commitments and Technical Excellence

Major reforms, record attendance and landmark recognitions reaffirmed Egypt’s emergence as a world-class mining destination.

Hosted by Egypt’s Ministry of Petroleum and Mineral Resources and supported by the Egyptian Mineral Resources & Mining Industries Authority (EMRA), the two-day Egypt Mining Forum concluded today at The Nile Ritz-Carlton, Cairo. Under the theme ‘Accelerating Commercial Exploration, Discovery and Extraction,’ over 5,000 delegates – including 300+ high-level officials, 80+ expert speakers and 75+ global exhibitors – came together to discuss the next steps Egypt can take to position itself as a competitive mining destination, highlighting the progress made and the challenges that still exist.

Building on Day 1’s momentum, Day 2 dived deeper into the introduction of the new Mineral Exploitation Agreement Model, investment risk-reward dynamics and the geological potential of the Eastern Desert. HE Eng Karim Badawi, Minister of Petroleum and Mineral Resources, reaffirmed Egypt’s proactive investment climate and infrastructure strengths by stating “Egypt’s unrivalled strategic location, extensive infrastructure and newly empowered Mineral Resources and Mining Industries Authority demonstrates our resolve to fast-track commercial exploration, attract premier domestic and international investment, and unlock the full value of our diverse mineral wealth for sustainable, long-term growth.”

Throughout the Forum, the Minister emphasised that environmental stewardship remained front and center of the Ministry of Petroleum and Mineral Resources’ six key pillars. In her keynote, HE Dr Yasmine Fouad, Egypt’s Minister of Environment, reinforced the government’s commitment to sustainability by stating “Egypt is committed to fostering strategic collaboration between the environmental and mining sectors, streamlining policy frameworks to accelerate investment in exploration and value-added extraction, and demonstrating our unwavering dedication to sustainable, circular-economy growth across all mineral resources.”

Representing industry leadership, Eng. Hoda Mansour, Managing Director & Vice Chair of Sukari Gold Mines, representing AngloGold Ashanti, praised the rapid legislative alignment of the mining legislation with international best practice demonstrating unprecedented institutional collaboration stating “the unified commitment – across government, parliament and industry – to defined timelines has enabled us to enact critical reforms that will drive sustainable growth in Egypt’s mining sector.”

Adding a parliamentary perspective, Mohamed El Sallab, Chairman of the Industrial Committee of the Egyptian Parliament, highlighted the drive toward downstream value-addition by stating “transforming EMRA into a fully commercial entity, will drive domestic processing and manufacturing, optimise value-add at source and reinforce the competitiveness and resilience of Egypt’s industrial ecosystem.”

In a special recognition ceremony during Day 2 of the Technical Conference, HE Eng Karim Badawi recognised technical excellence by personally acknowledging the contributions of the technical committee members and speakers. Certificates of appreciation were presented to honour their commitment to advancing exploration, digital transformation and sustainable mining practices – underscoring the Forum’s commitment to both policy reform and technical innovation.

As the 2025 Egypt Mining Forum draws to a close with partnership roadmaps and a mandate to accelerate mineral exploration in Egypt, participants are already looking ahead to the next edition, taking place 20–21 July 2026.

Forbes Middle East Unveils the 13th Edition of its Global Meets Local Ranking

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Sahfy Sahfy
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Forbes Middle East Unveils the 13th Edition of its Global Meets Local Ranking
Forbes Middle East Unveils the 13th Edition of its Global Meets Local Ranking

Forbes Middle East has revealed the 13th edition of its flagship Global Meets Local ranking, spotlighting the regional heads of the world’s most influential multinational corporations who are not only steering complex business landscapes but actively shaping the Middle East and North Africa’s future across technology, logistics, finance, aerospace, and beyond.

Forbes Middle East Unveils the 13th Edition of its Global Meets Local Ranking

To compile this list, Forbes Middle East analyzed the 2025 Forbes Global 2000 list, selecting companies with substantial operations in the MENA region. The top-ranking executives from their regional headquarters were then assessed based on the scope of their responsibilities, impact and influence, sustainability initiatives, company performance, personal achievements, and public presence.

Ronaldo Mouchawar, Vice President—Middle East, Africa & Türkiye at Amazon, secured the top spot this year. In August 2024, Amazon U.A.E. partnered with the Sharjah Publishing City Free Zone to empower local publishers and SMEs through training and platform access. Khaled Hobballah, Senior Country Officer—MENA and Head of Markets—MENA & Türkiye at J.P. Morgan, ranks second. Andrew Torre, President—Value-Added Services at Visa Inc., rounds out the top three.

The 2025 ranking features 104 standout executives representing the regional offices of 100 Forbes Global 2000 companies. These leaders come from 42 different nationalities, with India leading with 13 executives, followed by the U.K. with 10, and Lebanon and Egypt with nine and seven, respectively.

Among the ranked companies, 57% are headquartered in the U.S., with the remaining companies spread across 15 other countries. The list spans 20 diverse sectors, led by 23 technology companies, followed by eight automotive brands and seven food and drink firms, underscoring the region’s accelerating focus on digital innovation and mobility.

Multinational investments in the region continue to gain momentum. In 2025, FedEx signed a strategic MoU with Emirates Post to expand its delivery network across the U.A.E., and DHL pledged over $575 million to strengthen logistics infrastructure in fast-growing markets including Saudi Arabia and the U.A.E. The aerospace sector witnessed significant activity as Boeing and GE Aerospace announced a landmark $96 billion deal with Qatar Airways, in addition to a $14.5 billion agreement with Etihad Airways.

In the technology and cybersecurity space, Mastercard launched a Cyber Resilience Center in Riyadh, while IBM partnered with the Dubai Future Foundation to launch a sovereign cloud and AI innovation center in Dubai—further advancing digital transformation across the region.

Global Meets Local 2025 – Top 10

  • Ronaldo Mouchawar

Company: Amazon

Designation: Vice President—Middle East, Africa, & Türkiye

Nationality: Syrian-American

Global Headquarters: U.S.

Sector: Technology  

  • Khaled Hobballah

Company: J.P.Morgan

Designation: Senior Country Officer—MENA, and Head of Markets—MENA & Türkiye

Nationality: British-Lebanese

Global Headquarters: U.S.

Sector: Banking and Financial Services  

  1. Andrew Torre 

Company: Visa Inc

Designation: President—Value-Added Services

Nationality: American

Global Headquarters: U.S.

Sector: Technology

  • Kami Viswanathan

Company: FedEx 

Designation: President – Middle East, Indian Subcontinent & Africa 

Nationality: Indian 

Global Headquarters: U.S. 

Sector: Logistics 

  • Dimitrios Dosis

Company: Mastercard

Designation: President – Eastern Europe, Middle East & Africa (EEMEA)

Nationality: German
Global Headquarters: U.S.

Sector: Technology 

  1. Yasser Abdul Malak 

Company: Nestlé Middle East   

Designation: Chairman and CEO – MENA 

Nationality: Lebanese 

Global Headquarters: Switzerland

Sector: Food, Drink and Tobacco

  • Guy Hutchinson

Company: Hilton   

Designation: President – Middle East & Africa 

Nationality: British

Global Headquarters: U.S. 

Sector: Hotels and Hospitality 

  • Kuljit Ghata-Aura

Company: Boeing 

Designation: President – Middle East, Türkiye, Africa & Central Asia 

Nationality: British

Global Headquarters: U.S.

Sector: Aerospace

  • Mohamed Abdallah

Company: Vodafone

Designation: CEO—Vodafone Egypt and Vodacom, International Markets (Tanzania, DRC, Lesotho, Mozambique)

Nationality: Egyptian

Global Headquarters: U.K.

Sector: Telecommunications 

  • Anthony Nakache and Abdul Rahman Al Thehaiban

Company: Google; Google Cloud

Designation: Nakache: Managing Director—MENA; Al Thehaiban: Managing Director— MENA & Türkiye

Nationality: Nakache: French; 

Al Thehaiban: Saudi

Global Headquarters: U.S.

Sector: Technology 

Click here for the complete ranking of the Global Meets Local 2025.

Ministry of Economy and Planning signs MOU with India based Observer Research Foundation to enhance collaboration in economic research and studies

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Sahfy Sahfy
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Ministry of Economy and Planning signs MOU with India based Observer Research Foundation to enhance collaboration in economic research and studies
Ministry of Economy and Planning signs MOU with India based Observer Research Foundation to enhance collaboration in economic research and studies

The Ministry of Economy and Planning signed a Memorandum of Understanding with India based Observer Research Foundation (ORF), to enhance collaboration in economic research and studies, and to exchange knowledge and research expertise, contributing to the formulation of evidence-based policies.

Ministry of Economy and Planning signs MOU with India based Observer Research Foundation to enhance collaboration in economic research and studies
Ministry of Economy and Planning signs MOU with India based Observer Research Foundation to enhance collaboration in economic research and studies

The memorandum aims to strengthen the research partnership between the two sides by launching a joint annual publication, the development of youth leadership programs, and the organization of events, conferences, seminars and research activities in coordination with the relevant authorities.

The MOU is part of the Ministry of Economy and Planning efforts to enhance international cooperation in the field of research, and to support the creation of knowledge-based economic policies, to help achieve the objectives of Saudi Vision 2030.

Ajman NuVentures Launches Pay as You Go Package to Simplify and Reduce Business Setup Costs

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Sahfy Sahfy
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Ajman NuVentures Launches Pay as You Go Package to Simplify and Reduce Business Setup Costs
Ajman NuVentures Launches Pay as You Go Package to Simplify and Reduce Business Setup Costs

Ajman NuVentures Centre Free Zone (ANCFZ), the UAE’s most innovative business setup destination, has unveiled a package with flexible new offering: “Pay as You Go”, a flexible, investor-friendly solution designed to eliminate high startup costs and empower entrepreneurs to launch and grow their businesses at their own pace.

Ease and control in your hands – just cover the business license fee to kick off the process! You can add the remaining services later, at your own pace and according to your business requirements, with no extra charges for amendments.

In a market where affordability, adaptability, and simplicity matter more than ever, the “Pay as You Go” model offers a path to entrepreneurship. Investors can now establish their companies with minimal initial cost and only pay for additional services—such as visa processing, legal documentation, or office upgrades, when they’re actually needed.

“Ajman NuVentures is redefining the business setup experience,” said Mr. Rishi Somaiya, CEO of Ajman NuVentures Centre Free Zone. “With ‘Pay as You Go’, we’re enabling founders to avoid upfront financial burdens, giving them the freedom to scale strategically. 

It reinforces our goal of giving entrepreneurs the autonomy they need to build and grow their ventures

Key Advantages of the “Pay as You Go” Package:

  • Low Initial Cost – Start your company without large upfront payments.
  • Flexibility – Pay only for services used, when needed.
  • Scalability – Add services and scale operations without constraints.

Ajman NuVentures Centre Free Zone sets itself apart by delivering two-hour business license issuance, 24-hour visa processing, and an all-inclusive digital portal where ANCFZ specialists handle all setup and administrative tasks on the client’s behalf. Entrepreneurs are empowered to focus on business growth while ANCFZ manages the complex processes traditionally associated with business registration and compliance.

 Ajman NuVentures Centre Free Zone is designed to meet the demands of today’s fast-moving business world. The launch of “Pay as You Go” reflects ANCFZ’s ongoing commitment to removing barriers, enhancing accessibility, and supporting sustainable economic growth in alignment with Ajman Vision 2030.

Whether launching a tech startup, media agency, or global trading company, investors can now enter the UAE market on their own terms; with no red tape and total control over their growth journey.

For more information about Ajman NuVentures Centre Free Zone or to kick-start your entrepreneurial journey, contact us at +97168088888, email: info@ancfz.ae  or visit https://ancfz.ae/ 

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