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The $10.5 Trillion USD Trap that you do not deserve Filed on January 28, 2021 Cyberspace has been evolving at a very fast pace, introducing businesses to futuristic technology and possible advancements, but this has also led to an alarming growth of cybercrime. Cybersecurity Ventures predicts the global cybercrime will cost a whopping $10.5 trillion annually by 2025. If the cybercrime evolves as predicted, it will risk the incentives for innovation as the damage that it brings is exponentially large. Following the right approach in the cyberspace not only mitigates the risk for your o...

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AlRaha AlSafi Food completes acquisition of first milling firm for $540m January 06, 2021 AlRaha AlSafi Food Co, consisting of Almutlaq Group, AlSafi Holding Co., Abunayyan Trading Co. and Essa Al-Ghurair Investment LLC, announced the completion of First Milling Company (MC-1) through the Phase-1 competitive tender of the Saudi flour mills privatization for $540 million (SR2.03 billion). RIYADH — AlRaha AlSafi Food Co, consisting of Almutlaq Group, AlSafi Holding Co., Abunayyan Trading Co. and Essa Al-Ghurair Investment LLC, announced the comp...

Dubai: AlRaha AlSafi Food Co has completed its $540 million acquisition of First Milling Company (MC-1). MC-1 is the largest among the four milling companies, which is part of Saudi Grains Organization’s (SAGO) planned privatisation of Saudi flour mills and grain silos, previously owned by the Public Investment Fund (PIF). The transaction is a result of “extensive” work carried out with the National Centre for Privatisation (NCP) and SAGO, the company said in a statement. “The acquisition represents an attractive opportunity for the private sector to invest in one of the largest flour...