{"id":616370,"date":"2024-03-04T00:00:00","date_gmt":"2024-03-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/04\/this-evening-hassan-allam-inaugurated-their-riyadh-office\/"},"modified":"2024-03-04T00:00:00","modified_gmt":"2024-03-04T00:00:00","slug":"this-evening-hassan-allam-inaugurated-their-riyadh-office","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/04\/this-evening-hassan-allam-inaugurated-their-riyadh-office\/","title":{"rendered":"THIS EVENING: Hassan Allam inaugurated their Riyadh office"},"content":{"rendered":"

Good afternoon, ladies and gentlemen, and happy Monday from a very sunny Om El<\/strong> Donia. <\/strong>Ramadan is one week away \u2014 where did the time go?<\/p>\n

Day one of the EFG Hermes One on One Conference is underway as we hit send<\/strong>, bringing together some 670 investors, 250 global institutions, and execs from over 215 companies. Under the theme Exploring the Depth of FEM, the conference will allow investors to \u201cdelve into the depth and breadth of the regional markets, identifying promising opportunities and navigating potential challenges,\u201d EFG Hermes Group CEO Karim Awad said in a statement<\/a>(pdf)<\/a>. The event \u2014 being held in collaboration with the Dubai Financial Market \u2014 is taking place at Dubai\u2019s JW Marriott Hotel Marina and will run until Thursday. <\/p>\n

** Enterprise is in Dubai for the conference and will bring you full coverage of day 1 in tomorrow\u2019s <\/strong>EnterpriseAM Egypt. <\/strong><\/p>\n

Attending the conference? <\/strong>Shoot us an email on 1x1@enterprisemea.com<\/a> if you want to have coffee or pitch us an interview. <\/p>\n

THE BIG STORY TODAY- <\/strong><\/p>\n

Hassan Allam opens up Saudi HQ:<\/strong> Our friends at Hassan Allam Holding inaugurated their regional headquarters in Riyadh after securing its investment license from the Saudi Investment Ministry, the group said in a statement (pdf)<\/a>.The new HQ will monitor the group\u2019s international operations. It will take care of business planning and development and managing HR, corporate communications, accounting, and financing, among other activities.<\/p>\n

THE BIG STORY ABROAD<\/strong><\/p>\n

Apple\u2019s hefty USD 1.95 bn lump sum EU antitrust fine is causing a lot of chatter in the <\/strong>international press. <\/strong>The fine, which is Apple\u2019s first antitrust infringement from the EU and the third largest ever imposed by the European Commission, comes as a result of the company preventing music streaming services from disclosing alternative payment options to users outside of the App Store. Spotify triggered the legal action with a 2019 complaint over this and the 30% in App Store fees reflecting higher subscription costs for unaware users. The Commission also barred Apple from blocking apps from operating outside of the iOS software. The iPhone maker made it clear they would appeal the decision for failing to \u201cuncover any credible evidence of consumer harm.\u201d (Financial Times<\/a> | CNBC<\/a> | Reuters<\/a>)<\/p>\n

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