Saudi Arabia’s grocery retail sector has come a long way over the past years, but still has several steps to take in its evolution. Four major strategic developments will shape the industry’s landscape in the coming years, according to a new report from Oliver Wyman.
Members of the 2024 class of Dubai Business Associates (DBA) have celebrated their graduation from one of the most competitive training programmes around – and are now ready to embark on the next chapter in their professional career.
Middle East consultancy firm RISE has brought Richard Arrowsmith on board in a senior commercial role. Based in Riyadh, where RISE is headquartered, Richard Arrowsmith will in the role of Sales Director for RISE SCE lead the sales team responsible for delivering commercial revenues for clients across the sport, entertainment and cultural sectors.
Knight Frank, a real estate consultancy with numerous offices across MENA, has appointed Christopher Payne as its new Chief Economist for the region. Christopher Payne brings around 30 years of expertise in economic analysis, real estate, and financial markets, strengthening Knight Frank’s team that delivers economic insights to clients across the region.
Tharwah has been granted approval by the Capital Market Authority (CMA) to go public, with the Saudi human resources consulting firm to use the proceeds to expand its footprint. In a statement to Tadawul, Tharwah has confirmed that it intends to list its shares on the Parallel Market (Nomu).
Pricing of fees in the consulting industry has been based on a standard model relating to billable hours for decades. But according to Tracey Shirtcliff (CEO of SCOPE Better), the increasing use of artificial intelligence in consulting work is making this position untenable – with clients seeking a shift to payment based on delivery rather than time.
The world of internal audit is being disrupted by developments in technology, with robotic process automation (RPA) and artificial intelligence (AI) at the forefront of these developments. A new report from KPMG explores how technology is re-shaping the way how organizations can organize and run their internal audit function, as well as how the jobs of staff within the departments is changing.
Foreign direct investments (FDI) are a crucial source of growth and investments for the industrial sector, as well as a means to continue the path towards economic diversification. Roland Berger leaders Santiago Castillo and Arvind CJ outline a 5-step approach how Middle East countries can strengthen the flow of investments into the industrial sector.
Over the past years, GCC banks have outperformed their global counterparts and looking ahead, the region’s banking sector is in a good position to continue its growth, according to analysis by McKinsey & Company.
While the auto industry has made progress decreasing emissions, decarbonizing the supply chain remains a challenge, write Karim Henain and and Anna Fritz Månsson from Bain & Company. Decarbonization has become a front-and-center issue to nearly everyone: customers, business leaders, regulators, and investors – to name a few.
At a special event visited by top officials and leaders in the country, Arthur D. Little has formally inaugurated its new regional hub in Riyadh. Based in the King Abdullah Financial District, the new regional hub in Saudi Arabia’s capital city reaffirms Arthur D.
The FIA World Rally Championship (WRC) has signed a 10-year agreement with Saudi Arabia, securing the Kingdom’s presence on the calendar from 2025 onwards. The deal between the WRC Promoter and the Saudi Motorsport Company, hailed as “groundbreaking” by both parties, will bring the motorsport championship back to the Middle East for the first time since the 2011 edition in Jordan.
Global consulting firm Simon-Kucher has appointed Gagan Arora as a new partner in its Dubai office. Gagan Arora brings over 18 years of experience in strategy and management consulting to Simon-Kucher, which has been active in the GCC for over a dozen years.
OMD, one of the globe’s largest media agencies, has promoted Tarek Jaffar to the role of chief executive officer for its Egyptian business. In the new role, Tarek Jaffar leads a team of 80 staff, and oversees a client portfolio of dozens of brands, including some of the biggest names in industry.
International consultancy firm Uniqus has appointed Saad Al-Khathlan as Managing Partner for its Saudi business, based in the firm’s recently opened Riyadh office. Saad Al-Khathlan brings over 15 years of experience in auditing, accounting, and reporting to Uniqus, a private equity backed consulting firm with offices in the Middle East, the United States, and India.
Misk Foundation has handed an award to Maven Insights in appreciation of its dedication to supporting and empowering youth in Saudi Arabia. Launched a few years ago, the Misk Skills program aims to empower Saudi youth with the basic skills required to flourish in the job market.
Global commercial strategy consulting firm Simon-Kucher has opened a new office in Riyadh, reinforcing its commitment to the fast-growing region and Saudi market. Germany-headquartered Simon-Kucher – which has seen consistent growth every year since the global financial crisis – has been based in the Middle East since 2012, when it established its Dubai office.
Compass Project Consulting has appointed Nassib Al-Sibassi as the new Managing Director for its business in Saudi Arabia. Joining from rival project development consultancy AtkinsRéalis, Nassib Al-Sibassi brings over 30 years of experience in civil engineering and project management to the firm.
Yasmeen Muhtaseb has hit her second career milestone at EY this year, with her promotion to Chief Operations Officer for the MENA region coming shortly after reaching Silver jubilee status. Fresh out of university in Canada, Yasmeen Muhtaseb kickstarted her career at EY 25 years ago – and has never left since.
FTI Consulting has promoted company leader Oliver Williams as the new head of its Strategic Communications division in the Middle East. In his new role, Oliver Williams will lead the division’s business strategy in the Middle East, oversee its service offerings and client portfolio, lead practice development, and spearhead further expansion plans in the Middle East.
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