Artificial Intelligence (AI) is on track to revolutionize industries globally, unlocking vast potential for economic growth, efficiency, and innovation by automating processes, generating insights, and enabling new forms of interaction. Generative AI, in particular, presents a unique opportunity to reshape sectors worldwide. In the Gulf Cooperation Council (GCC) region, where...

A recent survey by BGF of business leaders across its 400-company investment portfolio found that AI is being widely embraced by small and medium-sized enterprises (SMEs), with an overwhelmingly positive outlook. An impressive 89% of respondents viewed AI as an opportunity for growth, while only 7% saw it as a...

Bayern Munich CEO Jan-Christian Dreesen has secured a contract extension, extending his role with the club until 2027. The Bundesliga club announced on Monday evening that the 57-year-old’s contract, originally set to conclude in 2025, would be prolonged. Reflecting on Dreesen’s leadership, FC Bayern president Herbert Hainer remarked that Dreesen...

Chipotle has officially appointed Scott Boatwright as its permanent CEO, according to a Monday press release. Boatwright, who had served as interim CEO since August following Brian Niccol’s move to Starbucks, steps into the role after a tenure as chief operating officer, a position he held since 2017. Before joining...

Tesla’s stock price soared following the U.S. presidential election, pushing the electric vehicle maker’s market cap past $1 trillion for the first time since 2022. The sharp stock rally on Friday boosted CEO Elon Musk’s net worth beyond $300 billion, marking him as the first individual to reach this level...

Daimler Truck Holding AG’s Supervisory Board has appointed Achim Puchert to the Board of Management with a term lasting through November 30, 2027. Puchert will assume the role of CEO of Mercedes-Benz Trucks, overseeing the Europe and Latin America regions, effective December 1, 2024. He will succeed Karin Rådström, current...

PwC has released its report titled FinTech in ASEAN 2024: A Decade of Innovation, which reviews the transformative changes in global FinTech over the past decade, noting its impact on financial services and its role in advancing digital inclusion worldwide. The report acknowledges, however, that the sector still faces significant...

A recent study reveals that a CEO’s socioeconomic background significantly influences their approach to corporate social responsibility (CSR) and employee welfare initiatives. CEOs who identify as coming from lower or lower-middle-class families tend to prioritize corporate giving that benefits economically disadvantaged communities, with a particular focus on educational and housing...

Seafrigo Group, a leading player in cool-chain food logistics, has announced the appointment of Bruno Plantaz as its new Group Chief Executive Officer. Company founder Eric Barbé, who will now serve as President, is set to collaborate with Plantaz as they execute the company’s ambitious global growth agenda. Bringing over...