Corporate World

Dubai based startup, Black Cube Solutions, a frontier tech company, is poised to disrupt the learning and education sector by focusing on skill development and career progression through machine learning and artificial intelligence.

Fisch Asset Management,the Zurich-based specialist in corporate and convertible bonds, recorded Assets under Management (AuM) of USD 10.9 billion. “We are very satisfied with our twenty-third year of business, both in terms of performance and strategy and the level of client interest we have received,” said Philipp Good, CEO.

EUROSTAR Group, the leading digital and consumer technology innovator in the Middle East, announced creation of a unified gateway of satellite, security and digital solutions in the region for the CABSAT 2018, the region’s largest platform for broadcast, production, content delivery, digital media and satellite sectors.

A new report from Middle East Electricity (MEE), the region’s leading annual international trade event for the power industry,states the GCC requiresa combined US $131 billion worth of investment in electricity generation, transmission and distribution over the next five years to cope with increasing demand from growing populations, expanding economies and climatic changes.

Drake & Scull International PJSC (DSI), a regional market leader in engineering and construction services, has announced that the foreign ownership limit (“FOL”) used to calculate its free float weight on the FTSE Russell Index has been increased to 39% following a positive December 2017 review. The upgrade comes following DSI’s official inclusion in the MSCI GCC Index last month and reflects growing market confidence after the successful completion of the company’s major Recapitalization Program.