84 countries join World Entrepreneurs Investment Forum

NOHA.GAD

May 15, 2024

Manama - Sharikat Mubasher: The fifth edition of the World Entrepreneurs Investment Forum 2024 (WEIF) takes place in Manama from 14 to 16 May, gathering experts and specialists from around 84 countries.

Under the theme “Achieving the SDGs through Fostering Innovation and Economic Growth”, the WEIF 2024 discusses various topics notably establishing an enabling environment for innovation and entrepreneurship and forging sustainable partnerships between Arab and African entrepreneurs.

It aspires to address global challenges, including poverty, inequality, climate change, peace, and justice; within the backdrop of the Sustainable Development Goals.

With a robust coalition of stakeholders driving the agenda, the WEIF 2024 sets the stage for transformative dialogue and action-oriented initiatives that target reshaping the global economic landscape while advancing sustainable development objectives.

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Riyadh - Sharikat Mubasher: MDD, a Saudi provider of supply chain and procurement solutions, secured an undisclosed Series A round from an individual investor.In a statement, MDD clarified that the investment came through selling a 5% stake in the company at a valuation exceeding SAR 100 million.Founded in 2019, MDD provides a full suite of innovative and effective solutions to tackle challenges facing businesses and suppliers and meet the needs of different suppliers through its digital platform.It enables clients to connect their systems and enterprise resource systems (ERP) seamlessly, allowing them to track requests efficiently and more accurately.

University of Strathclyde to open branch in Saudi Arabia

Riyadh - Sharikat Mubasher: The University of Strathclyde plans to open a branch in Saudi Arabia in partnership with Princess Nourah Bint Abdulrahman University, to become the first UK higher education institution to establish a physical presence wit

SAMA greenlights Hala Finaning

Riyadh - Sharikat Mubasher: The Saudi Central Bank (SAMA) licensed Hala Financing to provide debt-based crowdfunding solutions in the Kingdom, bringing the total number of authorized companies offering debt-based crowdfunding solutions in Saudi Arabi

Beyon Solutions to acquire Link Development

Manama - Sharikat Mubasher: Beyon Solutions, a digital system integrator based in Bahrain, signed an agreement to acquire a controlling stake in Link Development, a leading provider of software solutions for digital transformation, according to the company’s press release.The agreement was inked by Mikkel Vinter, Chairman of Beyon Solutions, Hesham El Beih, CEO of Link Development, and Karim Beshara, Managing Partner of A15, a major shareholder of Link Development. The signing ceremony was attended by several officials from both entities.Link Development operates in Saudi Arabia, Egypt, and UAE and focuses on supporting private and public organizations in their digitization strategies.Nicholas Toon, CEO of Beyon Solutions, stated that acquiring Link Development is a strategic move that aligns with the company’s objectives and enhances its services and offerings."Link Development and Beyon Solutions hold strategic partnerships with key vendors such as Microsoft, AWS, and Outsystems, and the synergy created through the acquisition will augment the scope of the Beyon Solutions portfolio and enable the seamless delivery of cutting-edge digital solutions to our growing regional customer base,” Toon noted.For his part, El Beih said that the acquisition will help the company enhance its ability to deliver exceptional customer experiences and expand its commercial reach into previously untapped regions.Beyon Solutions, part of the Beyon Group, delivers scalable, efficient, and secure outcome-focused solutions to organizations. Its strategy focuses on business development through innovative solutions as well as collaborative efforts through strategic partnerships with key players.

Alkhorayef: 4IR technologies boost industrial transformation

Riyadh - Sharikat Mubasher: The Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef affirmed that adopting fourth industrial revolution (4IR) technologies is a key pillar of the industrial revolution in the Kingdom.In a roundtable meet

84 countries join World Entrepreneurs Investment Forum

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