Tuesday, October 28

World

Arab City Leaders Convene at Global Cities Summit, Expo City Dubai, to Discuss Blueprint for Sustainable Arab Urban Future
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World

Arab City Leaders Convene at Global Cities Summit, Expo City Dubai, to Discuss Blueprint for Sustainable Arab Urban Future

Mayors and city leaders from more than 30 cities across the Arab world convened for an executive dinner at Expo City Dubai to discuss a shared vision for a sustainable and prosperous Arab urban future. The gathering, which followed the opening ceremony of the Asia Pacific Cities Summit and Mayors’ Forum at Al Wasl Plaza, was also attended by Her Excellency Reem Al Hashimy, UAE Minister of State for International Cooperation and CEO of Expo City Dubai Authority and UAE Ministers of State Her Excellency Noura bint Mohammed Al Kaabi and His Excellency Khalifa Shaheen Al Marar. It provided an opportunity for city leaders to emphasise a collective responsibility to address regional challenges – including water resilience, rapid growth and youth em...
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CMA Approves Amendments to Investment Accounts Instructions to Strengthen Foreign Investor Access and Enhance Market Efficiency
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CMA Approves Amendments to Investment Accounts Instructions to Strengthen Foreign Investor Access and Enhance Market Efficiency

The Capital Market Authority (CMA) of Saudi Arabia has approved a set of amendments to the regulatory framework governing the procedures for opening and operating investment accounts. These changes aim to facilitate access for a broader base of foreign investors and align with the Kingdom's regulatory and technological developments.  The amendments are part of CMA’s ongoing efforts to enhance the investment environment and expand the investor base in the Saudi capital market.  The requirements for opening an investment account for individual foreign investors residing in one of the GCC countries have been developed. In addition, the scope of securities that they can directly invest in now includes the shares of listed companies on the Saudi Main Market (TASI).  Befo...
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DXB LIVE Announces the Fifth Edition of World of Coffee Dubai 2026, Opening January 18 at DWTC
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World

DXB LIVE Announces the Fifth Edition of World of Coffee Dubai 2026, Opening January 18 at DWTC

 (GLOBE NEWSWIRE) -- DXB LIVE, the event management and experiential agency of Dubai World Trade Centre (DWTC), has announced the return of World of Coffee Dubai for its fifth edition, taking place from 18–20 January 2026 at Za’abeel Halls 1, 4, 5 and 6 of the Dubai World Trade Centre. Organised by DXB LIVE in collaboration with the Specialty Coffee Association (SCA), World of Coffee Dubai has become the region’s leading coffee event, uniting producers, roasters, traders, and experts, further reinforcing Dubai’s role as a hub for coffee trade and culture. Since its launch, World of Coffee Dubai has grown rapidly, with international participants in the new edition making up 77% of exhibitors—underscoring its global reputation and industry trust. The exhibition coin...
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Doha Debates Launches New Debate Season with Al Jazeera
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Doha Debates Launches New Debate Season with Al Jazeera

The new season brings global voices together for truth-seeking discussions Qatar Foundation’s Doha Debates launched a new season of its flagship program, Doha Debates, on October 21, co-produced with Al Jazeera Digital. The upcoming season features high-profile guests, bold global themes and a renewed focus on open, truth-seeking dialogue. Airing weekly on Tuesdays through December 9, the eight-episode season explores three overarching themes—freedom, grand narratives and family. Each episode features leading thinkers and young changemakers engaging in timely conversations on the issues shaping humanity, ranging from meritocracy to social media; from love to architecture; from ancient traditions to the future of work. The season opened with a debate on neo-feudalism...
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Marjan and RAK Hospitality Holding Announce Landmark Merger To Shape The Future Of Ras Al Khaimah As A Global Destination For Lifestyle And Investment
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Marjan and RAK Hospitality Holding Announce Landmark Merger To Shape The Future Of Ras Al Khaimah As A Global Destination For Lifestyle And Investment

Marjan, the master developer of freehold properties in Ras Al Khaimah, and RAK Hospitality Holding, the government-owned investment and development arm in the Emirate, have announced a landmark strategic merger to create a unified entity operating under Marjan.   This merger combines world-class hospitality expertise with visionary land development strategies to form a dynamic future-ready organization. Marjan will integrate real estate development, hospitality operations, and lifestyle experiences under one umbrella, positioning itself as one of the largest real estate developers in the UAE and the leading master developer in the Northern Emirates.  Announcing the merger, His Highness Sheikh Ahmed b...
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BADR Bank Becomes the First Public Bank in Algeria to Go Live With ISO 20022 in Partnership With Eastnets
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BADR Bank Becomes the First Public Bank in Algeria to Go Live With ISO 20022 in Partnership With Eastnets

Banque de l’Agriculture et du Développement Rural (BADR Bank), a public Algerian bank, has successfully gone live with ISO 20022, becoming the first financial institution in Algeria to comply with the global standard for financial messaging. This milestone marks a major step in BADR’s digital and regulatory modernization journey and was achieved in partnership with Eastnets, a global leader in financial messaging, compliance, and payments solutions. The go-live took place on October 17, 2025, following a successful testing, UAT, and implementation phase jointly carried out by BADR Bank and Eastnets’ teams. This success aligns with Algeria’s national strategy for the digital transformation of its public ...
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The Coca-Cola Company and Gutsche Family Investments Agree to Sell Controlling Interest in Coca-Cola Beverages Africa to Coca-Cola HBC AG
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The Coca-Cola Company and Gutsche Family Investments Agree to Sell Controlling Interest in Coca-Cola Beverages Africa to Coca-Cola HBC AG

The Coca-Cola Company and GutscheFamily Investments have agreed to sell a 75% controlling interest in Coca-Cola Beverages Africa Pty. Ltd. to Coca-Cola HBC AG, the companies announced today. CCBA is the largest Coca-Cola bottler in Africa. It operates in 14 countries on the continent and accounts for about 40% of all Coca-Cola product volume sold across Africa. Coca-Cola HBC is one of the largest Coca-Cola bottlers in the world, with operations in 29 countries across Europe and Africa, including Nigeria and Egypt. Coca-Cola will sell 41.52% out of its 66.52% stake in CCBA to Coca-Cola HBC, and Coca-Cola HBC is acquiring 33.48% of CCBA that is held by GFI. In total, the transaction values 100% of CCBA at an equity value of US$3.4 billion. The transactions are targeted to close by t...
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NELFUND Opens Student Loan Application Portal for 2025/2026 Academic Session
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NELFUND Opens Student Loan Application Portal for 2025/2026 Academic Session

The Nigerian Education Loan Fund (NELFUND) has officially announced the opening of its student loan application portal for the 2025/2026 academic session. According to the management, the application period will commence on Thursday, October 23, 2025, and remain open until Saturday, January 31, 2026. In a statement signed by Mrs. Oseyemi Oluwatuyi, Director of Strategic Communications at NELFUND, the agency expressed appreciation to tertiary institutions across the country for their continued collaboration and urged them to further support the smooth implementation of the student loan scheme. Mrs. Oluwatuyi emphasized that the cooperation of institutions is critical to ensuring that all eligible students—both returning and newly admitted—can benefit from the initiative without hindra...
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President Kagame backs operational launch of Africa Medicines Agency as Rwanda hosts headquarters  
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President Kagame backs operational launch of Africa Medicines Agency as Rwanda hosts headquarters  

Dr. Delese Mimi Darko, the Director-General of the African Medicines Agency (AMA), has held a high-level discussion with the President of Rwanda, Paul Kagame, to finalise plans for the full operationalisation of the agency in a move to advance continental health security.    The African Medicines Agency, established under the African Union, is a cornerstone of the continental health architecture.    Operating within the Department of Health, Humanitarian Affairs and Social Development, the AMA is poised to work closely with sister institutions like the Africa Centres for Disease Control and Prevention (Africa CDC) to deliver on the AU's health priorities.   This collaborative meeting in Kigali, widely seen as a major leap forward in ens...
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Multiply Group Announces Plans to Acquire 2PointZero and Ghitha Holding via Share Swap
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Multiply Group Announces Plans to Acquire 2PointZero and Ghitha Holding via Share Swap

The proposed acquisition forms part of Multiply Group’s broader strategy to build scale, enhance portfolio synergies, and drive long-term value. • 2PointZero brings scalable assets across energy, mining and financial services, while Ghitha Holding contributes a diversified food and agriculture platform. • The transaction remains subject to shareholder and regulatory approvals, with further details to be announced upon completion of the review process. Multiply Group (ADX: MULTIPLY), the Abu Dhabi-based investment holding company that invests in and operates businesses globally, today announced that its Board has approved aproposal to acquire 2PointZero and Ghitha Holding through a share swap transaction. Under the proposed terms, Multiply Group would of...
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