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Tag Archives: MENA

MENA: Acquisition Expands Value-Added Technology Distribution and Services Capabilities

Ingram Micro Inc. (NYSE: IM), the world’s largest technology distributor and supply-chain services provider, today announced it is broadening its geographic reach into the Middle East and North Africa with the signing of a definitive agreement to acquire certain IT businesses of Dubai-based Aptec Holdings Ltd.  Aptec is a leading value-added distributor in the Middle East, Turkey and North Africa, with products …

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Alliance Storage Technologies Expands Distribution in the Middle East and Africa with Forefront Technologies

Alliance Storage Technologies, Inc. (ASTI) and Forefront Technologies, an IT distributor in the Middle East, have combined their collective strengths to sell and support ASTI’s professional data archiving product line. Forefront Technologies, based in Dubai, is a major IT Distribution operation with a primary focus on Document Imaging Hardware / Storage Systems and Solutions. “The demand for archival storage solutions …

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MENA Venture Capital Activity Rises as Countries Look to Small Businesses for Growth

Venture capital activity in the Middle East and North Africa increased by 28% in 2011, according to the Second Annual Venture Capital in MENA Report released today by the MENA Private Equity Association. While the region’s VC industry is still in the early phases of development, the rise in activity reflects increased optimism for small business growth amongst entrepreneurs, investors, …

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Evolution of Family-Owned Businesses in the Arab Region

  Arab family businesses are redefining roles through effective succession planning and wealth management The Arab region is enriched with countless family-owned businesses that slowly transformed from small trading firms in the early 60s and 70s into regional and global conglomerates and have now started seriously looking at succession planning to manage and preserve their wealth for future generations, according …

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BofA Merrill Lynch Report Says Kingdom of Saudi Arabia to Lead MENA’s Construction Boom

  Market Currently Accounts for 46 Percent of MENA’s Project Pipeline SAUDI ARABIA – According to a new medium term outlook BofA Merrill Lynch Global Research Report ‘GCC 2020: Time to Shift Gears’, Saudi Arabia is set to take the lead in regional infrastructure investment and construction spending. Over the next 15 years, the MENA construction sector will be a …

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MENA: High-growth companies for regional development

High-growth companies and women’s entrepreneurship are the two key factors to unlock the growth potential in North Africa and the Middle East (MENA). The point was underscored in an OECD report presented at a meeting of the MENA-OECD Working Group on policies for small and medium-sized enterprises (SMEs), entrepreneurship and the development of human capital. The meeting took place at …

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Alkhabeer Capital to Launch an Extensive Investment Programme Worth SAR1.5 Billion and Includes the United Kingdom

  Jeddah, KSA, 1 July 2012 – Alkhabeer Capital, the Jeddah-based boutique investment and asset management firm, announced that is currently planning a $400 million (SAR1.472 billion) investment programme to be rolled out over the next two years. The firm intends to raise three funds targeting a total of SAR525 million including, for the first time, a fund targeting investments …

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TechGirls: Empowering Girls in the Middle East and North Africa through Technology

The U.S. Department of State’s Bureau of Educational and Cultural Affairs announced today that the inaugural group of TechGirls – an initiative that brings 25 teenage girls from Algeria, Egypt, Jordan, Lebanon, Morocco, the Palestinian Territories, Tunisia, and Yemen to the United States – will arrive June 25 in New York City for a three-week exchange. As part of U.S. …

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ManpowerGroup Reaffirms Commitment to Promoting Entrepreneurship and Employability Among Youth In the Middle East and North Africa

Companies Demand Work-Ready Skills From Tomorrow’s Workforce ManpowerGroup, the world leader in innovative workforce solutions, will serve as a trusted advisor on developing work-ready competencies in individuals through an official alliance with INJAZ al-Arab, a Junior Achievement Worldwide member which works with corporate and government authorities in the Middle East and North Africa (MENA) in transforming youth into business leaders. …

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Polysilicon and solar industry experts encouraged to join QSTec – The hub of solar energy in the MENA region

Munich, Germany, 13 June 2012 – Qatar Solar Technologies (QSTec) on Wednesday urged polysilicon and solar industry experts to join the organization and help build a brand new industry of solar energy in Qatar; the solar hub for the Middle East and North Africa region. Abdulla Saif Al Mesallam, QSTec’s Chief Financial Officer was addressing an international audience from a panel session …

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