Colors: Blue Color

CE-Ventures, the corporate venture capital platform of UAE-based Crescent Enterprises, has announced that it is doubling its venture capital investments in start-ups to reach AED 1 billion (USD 272 million) by 2022. Since its inception in 2017, CE-Ventures has already invested over AED 500 million (USD 136 million) in 32 start-ups and VC funds across the Middle East & North Africa (MENA), the US, India, and Southeast Asia.

On May 9th, the Middle East’s go-to speciality retailer of kitchenware, tableware, and bakeware products, Simply Kitchen launched its second store in Oman at Muscat City Centre, to offer customers a contemporary approach to food preparation, cooking and serving. The new Simply Kitchen store will offer a full range of international cookware, bakeware, serveware and kitchen gadgets with a refreshed modern and timeless design.

Align Technology, Inc. (Nasdaq: ALGN), a leading global medical device company engaged in the design and manufacture of the Invisalign system, iTero intraoral scanners, and exocad CAD/CAM services for orthodontic and restorative dentistry, today announced support for the 100 Million Meals humanitarian campaign, the largest food distribution campaign in the region, launched by HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President & Prime Minister and Ruler of Dubai. The 100 Million Meals campaign was launched as an extension of the 10 Million Meals campaign for communities impacted by the COVID-19 pandemic across the UAE.

General Holding Corporation PJSC (“Senaat”), part of ADQ and the sole shareholder of Emirates Steel Industries PJSC (“Emirates Steel”), announced today that it has submitted an offer to the Board of Arkan Building Materials Company PJSC (“Arkan”). The offer sets out the principal terms and conditions on which Senaat would transfer Emirates Steel, a leading integrated steel producer in the Middle East, to Arkan, a construction and building materials manufacturer in the UAE.

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