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MOU between the National Security Services Company “SAFE” and “eFinance” for Providing a Comprehensive and Secure Security System for Digital Payments.

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the National Security Services Company (SAFE), one of the Public Investment Fund Companies Leading the transformation in the security services sector. in the Kingdom of Saudi Arabia, announced today the signing of a memorandum of understanding ( MOU) with the Egyptian financial technology company “eFinance,” which specializes in technical services and providing electronic payment and collection services, along with technical support.

This step confirms the ambitious strategy of “SAFE” which aims to offer a comprehensive package of solutions for managing ATM services, point-of-sale devices, and cash deposit machines using the latest technologies.

This announcement was made on the sidelines of the 28th session of the Cairo ICT International Technology Conference and Exhibition for the Middle East and Africa, held from November 17 to 20, 2024, in Cairo, under the auspices of His Excellency President Abdel Fattah El-Sisi, the president of the Arab Republic of Egypt, and under the slogan “The Next Wave.”

Both parties, in the presence of Engineer Hossam El-Goly, eFinance’s member of board of directors and Mr. Turki bin Maatouq Al-Thonayan, CEO of the National Security Services Company “SAFE” agreed to participate in the strategic initiative of “eFinance,” which aims to encourage banks and financial institutions to expand their reliance on outsourcing services in managing ATM services, point-of-sale devices, and cash deposit machines, including cloud computing services. The two companies will work closely to enhance their capabilities in providing integrated security solutions in four key areas: first, comprehensive point-of-sale services; second, comprehensive ATM services; third, comprehensive cash deposit machine services; and finally, international money transfer services between the Kingdom of Saudi Arabia and the Arab Republic of Egypt.

According to the memorandum of understanding, “eFinance” will provide cloud hosting for the system or related services at the client’s site, in addition to providing specialized expertise to implement the mentioned areas. They will also participate in marketing services to banks and non-banking financial institutions, alongside operational services and direct technical support. Meanwhile, “SAFE” will provide the necessary equipment for collaboration in the agreed areas, along with offering specialized experts to work with the “eFinance” team to build the agreed solutions and participate in marketing and selling services to banks and financial institutions.

For his part, Mr. Turki bin Maatouq Al-Thonayan, CEO of the National Security Services Company “SAFE,” which is wholly owned by the Public Investment Fund, emphasized that “the company will work with ‘eFinance’ to build a work plan in areas of collaboration to serve financial institutions, locally or internationally, by enhancing integration among the security system’s parties to meet customer aspirations and needs.”

He also added that the partnership with “eFinance” is an important step toward achieving the company’s ambitions to elevate security services in both countries and build a prosperous future by leveraging the best technologies, enabling the company to continue its commitment to contributing to the implementation of both “Saudi Vision 2030” and “Egypt Vision 2030” within the financial sector framework.

Al-Thonayan clarified that “SAFE” aims through this partnership to ensure leadership and innovation in the security sector across the main areas the company offers: consulting services, integrated solutions, training and development programs, and command and control centers. The company’s unique business model relies on collaboration with the most innovative companies in their fields, providing security and safety as a service, and focusing on meeting the specialized needs of the markets in which it operates.

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Yango Ads and Dr Nutrition partner to personalise health retail through AI-powered ad solution

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Yango Ads, the ad tech division of Yango Group, has announced a strategic partnership with Dr. Nutrition, one of the Middle East’s leading health and wellness retailers. The collaboration brings Yango Ads’ 360° Retail Media platform to Dr. Nutrition’s digital ecosystem, unlocking new revenue streams while delivering hyper-personalised customer engagement in a fast-growing, data-driven healthcare retail market.
Powered by first-party data and real-time targeting, the full-stack integration includes ad management, ad serving, inventory support, audience augmentation, user analytics and exclusive operational oversight by Yango Ads. The solution ensures customers receive product recommendations, content, and highly relevant offers on their online wellness shopping journey.
“In today’s research-driven consumer market, precise timing and highly relevant messaging make all the difference. Retail media can help brands connect with today’s health-conscious consumers,” said Evgenii Pavlov, General Manager at Yango Ads MEA. “With Dr. Nutrition, we’re combining AI-driven precision and deep consumer insight to create a smarter, more meaningful advertising experience. Through our partnership, the brand can better meet its customers’ needs, offering the most relevant recommendations and support at the right moment. The Middle East is one of the most exciting markets for this transformation, with 44% of consumers now shopping online daily or weekly, well above the global average.”
Dr. Nutrition, with over 200 stores across 10 countries in the GCC and North Africa, is increasingly focused on personalisation to meet the evolving expectations of today’s consumer. The new solution will allow the brand to deliver targeted product suggestions and wellness advice in real time, enhancing each user’s experience while reinforcing its leadership in the health and supplements sector. As the UAE’s eCommerce revenue is projected to reach $8 billion in 2025, the partnership puts Dr. Nutrition in a strong position to leverage this growth with highly tailored digital engagement.
“In a competitive and rapidly changing health sector, retail media gives us the tools to differentiate in a more personalised way,” said Ashraf Gamal, Head of E-commerce at Dr. Nutrition. “At Dr Nutrition, our mission is to make health and wellness more accessible, relevant, and tailored to each individual. Instead of broad messaging, Yango Ads’ data-driven insights enable us to connect with people based on real interest and intent. It helps us reinforce our role as a trusted wellness partner who understands the unique goals of every customer and supports them across every stage of their health journey.”
Also commenting on the partnership, Yuliya Kim, Head of Partnerships at Yango Ads MEA, added: “We’re seeing more regional brands adopt retail media to bridge the gap between awareness and conversion. With Dr. Nutrition, the focus is on building a high-performance customer-centric advertising experience, turning data into actionable insights to drive long-term value for both the brand and its users.”
The collaboration also aligns with public health initiatives like the UAE’s National Strategy for Wellbeing 2031, which emphasises the importance of personalised wellness approaches. As investment in retail media networks is expected to reach $140 billion globally by 2026, Yango Ads is positioned to offer retailers a single platform that integrates ad serving, audience segmentation, measurement, and creative management.
By harnessing Yango Ads’ advanced adtech capabilities, Dr. Nutrition can dynamically adjust messaging to suit individual customer goals, whether they’re starting a new supplement plan or optimising their fitness routine.

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Circular Packaging Association Participates as Knowledge Partner at Sustainability in Packaging MENA 2025

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The Circular Packaging Association (CPA) participated recently as a knowledge partner at the Smithers Sustainability in Packaging MENA Summit 2025, held in Dubai. The two-day event convened industry leaders, policymakers, and sustainability experts to explore the latest trends, policies, and innovations shaping the future of sustainable packaging in the region.

CPA board members and representatives from leading industry and trade organizations took part in dynamic discussions that addressed a range of critical topics, including the implementation of Extended Producer Responsibility (EPR) in the UAE as well as similar dynamics in the region, single-use plastic rationalization, and the broader regulatory landscape driving circularity across the MENA.

During the sessions on EPR, speakers underscored the essential role of EPR schemes in accelerating reduction, reuse, and recycling. Emphasis was placed on the value of harmonized regulations—not only within national borders but across the wider region—to enable scalable systems, reduce market fragmentation, and streamline trade.

Industry participants reiterated their commitment to supporting co-design mechanisms, implementing harmonized reporting structures, and working with government stakeholders to build future-ready, effective EPR systems.

“Public-private collaboration is not a luxury; it’s a necessity,” said Sara Jackson, Technical Director at the CPA. “A circular packaging future requires inclusive systems built on two-way dialogue between regulators and private sector players. We must come together to co-create solutions that are technically sound, economically viable, and socially inclusive—aligned with the UAE’s vision for a circular economy.”

The summit also covered key themes such as global frameworks to tackle plastic pollution, the role of advanced recycling technologies in the MENA region, and how brands are leading the way in sustainable packaging. Panel discussions and case studies explored the intersection of policy and innovation, offering attendees actionable insights on driving system-wide transformation.

As the region looks to align environmental goals with economic resilience, the CPA continues to champion evidence-based policy engagement, industry and trade capacity building, and knowledge sharing to support a circular, sustainable  future.

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Al-Safa Group Opens the Newest VERO MODA Store in Saudi Arabia

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Al-Safa Group has announced the official opening of a new VERO MODA boutique in Riyadh.
Located in Cenomi Al Nakheel Mall, the store marks an important milestone for VERO MODA, offering customers an immersive shopping experience that reflects the Danish brand’s philosophy: delivering high-quality fashion at accessible prices, with modern, comfortable designs that celebrate women’s confidence and elegance. With the new store, VERO MODA now spans three locations across the Kingdom: two in Riyadh at Al Nakheel Mall and Al Qasr Mall and one in Jeddah at The Village Mall.
The ribbon-cutting ceremony took place on Wednesday, 21 May, and was attended by Mr. Amro Al Swayeh, Board Member and Chief Executive Officer – Retail Division, Al-Safa Group and Mr. Anshuman Anand, Chief Executive Officer, Al-Safa Brands, as well as distinguished guests, media representatives, and social media influencers.
“We are thrilled to open this new branch in Cenomi Al Nakheel Mall, a vibrant market with a customer base that values contemporary style and quality,” said Mr. Al-Swaih. “The store allows us to move even closer to our customers and deliver a unique, enjoyable shopping experience. This opening is more than just a new location; it is a celebration of the confident, modern woman. We look forward to welcoming everyone and showcasing our latest collections, which reflect global fashion trends while staying true to VERO MODA’s distinctive style.”
Mr. AlSwayeh reaffirmed Al-Safa Group’s commitment to delivering exceptional value through its portfolio of exclusive brands. “Our labels embody our dedication to quality and excellence, thoughtfully designed to meet the diverse needs of our valued customers. Innovation drives our growth, and we continually introduce products that align with the latest trends and the highest standards,” he added.
Founded in 1987, VERO MODA quickly became one of Europe’s leading women’s fashion brands, renowned for its wide range of on-trend apparel, spanning relaxed casualwear to standout dresses and evening pieces, along with accessories and footwear that complete the look.
The new store features VERO MODA’s latest collections of elegant, high-quality garments curated to suit every taste. With carefully selected assortments and personalised service, customers can expect an inspiring, effortless shopping experience.

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