Tek Travels DMCC, a wholly owned subsidiary of TBO Tek Limited(“TBO”) has announced today that it has acquired 51% shareholding of BookaBed AG (“BookaBed”).TBO is one of the leading global travel distribution platforms (Source: report titled “Travel and Tourism Industry Report” issued by PGA Labs dated December 21, 2021)connecting over 100,000 travel buyers across more than 110 countries
By developing the right structure and mechanisms for green finance, GCC governments have the potential to unlock $2 trillion in cumulative GDP contribution, more than 1 million jobs and foreign direct investment in sustainable industries, according to Strategy&, Middle East, part of the PwC network. While all GCC countries have already begun their respective sustainability
AstroLabs, MENA’s technology ecosystem builder, launched its first edition of the ‘AstroLabs Showcase’ series in Riyadh on March 30th, a gathering showcasing how AstroLabs has been contributing to the MENA ecosystem and specifically its impact in Saudi over the past 9 years. Fueling foreign companies expansion to Saudi Since entering its strategic partnership with the
With the 2022 Formula 1 season underway, Abu Dhabi Motorsports Management today announced tickets are now available to purchase for the 14th edition of the FORMULA 1 ETIHAD AIRWAYS ABU DHABI GRAND PRIX 2022. This year’s race weekend takes place November 17-20 at Yas Marina Circuit, with the 2022 F1 season-finale following an action-packed four
Inimitable creator of stylish hotels and resorts, General Hotel Management Ltd (GHM), has officially commenced the celebration of its pearl anniversary this March. Throughout 2022, guests staying at The Chedi Al Bait, Sharjah, UAE, The Chedi Muscat, Oman, The Chedi Andermatt, Switzerland and The Chedi Hotel & Residences Luštica Bay, Montenegro, will get to enjoy exclusive 30th anniversary
BCG Digital Ventures (BCGDV), the corporate innovation and business-building arm of Boston Consulting Group (BCG), is opening two new Middle East innovation centers in Dubai (UAE) and Riyadh (KSA), putting BCGDV at the heart of the region’s burgeoning digital ecosystem. The new permanent presence cements BCGDV’s commitment to the GCC and joins an established BCG
SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, today announced the acquisition of Allianz Marine and Logistics Services Holding Limited (”Allianz”) by its managed funds. The transaction is one of the largest M&A deal in the maritime offshore sector in the Middle East in recent years and
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