RIYADH: Saudi Arabia’s Public Investment Fund ranked first in the Middle East region and seventh worldwide among 100 global state-owned funds for scoring high in governance, sustainability and resilience practices, according to the evaluation of the Global Sovereign Wealth Funds.
The education sector in the Middle East has come under strain in the last decade, with various crises across the region derailing progress in some of the region’s largest countries. New research from McKinsey & Company puts forward four ways how leaders in the education scene can improve life for students, teachers and institutions.. Read […]
In a significant move, ADQ-backed Silal has acquired a majority stake in Al Bakrawe Holding, one of the UAE’s leading distributors of fresh fruits and vegetables. This acquisition further enhances Silal’s position as a major player in the UAE’s food supply chain. Al Bakrawe, founded in 2002, sources from over 550 suppliers globally and distributes […]
In recent years, the Gulf Cooperation Council (GCC) countries have embarked on ambitious initiatives to diversify their economies, reduce dependence on oil, and create more sustainable and inclusive economic models. Among these, Saudi Arabia’s Vision 2030 stands out as a transformative blueprint aimed at reshaping the kingdom’s economic and social landscape. As Vision 2030 progresses, […]
Bahrain is set to introduce a significant tax reform aimed at multinational enterprises (MNEs), with the government implementing a domestic minimum top-up tax of 15% on large corporations beginning January 1, 2025. This new tax regulation will apply to multinational companies with global revenues exceeding $828.23 million (EUR750 million), as reported by the Bahrain News […]
