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McKinsey slashes hundreds of jobs in technology practices

Global consulting giant McKinsey & Company has announced it will lay off approximately 360 employees worldwide in response to a slowdown in the consulting sector. The new round of cuts comes after the firm – which has over the years grown into a business with 45,000 staff in 130+ offices across 65+ countries – previously purged 1,400 jobs in its support and back-end teams last year.

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AESG launches security consulting practice following SGW deal

International engineering consulting firm AESG has acquired SGW, bolstering its capabilities in the area of safety and security services within the built environment. Since its early beginnings in 2010 in the UAE, AESG has grown into a global engineering, design and project delivery firm with 300+ staff across offices in the UK, Middle East, Europe and Asia Pacific.

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Precision health and AI growth areas in Saudi’s pharma sector

Saudi Arabia’s healthcare sector is set for a period of significant growth and change, spearheaded by promising developments such as precision health and the use of artificial intelligence. Better healthcare and a good quality of life are key pillars of Saudi Arabia’s vision for the future.

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Outsized appoints Srikant Krishnan as Regional Lead for MENA

Outsized, a talent on demand platform for independent professionals, has appointed Srikant Krishnan as its new leader for the MENA region. With teams based in South Africa, Southeast Asia, the Middle East, and India, Outsized is one of the larger platforms for hiring independent consultants outside of the Western markets.

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Deloitte empowers GCC talent with Kiyadat center of excellence

Professional services firm Deloitte has launched Kiyadat, a center of excellence designed to empower national talent across the Gulf Cooperation Council (GCC) region. Inspired by the Arabic work ‘Kiyadat’, which translates to ‘Leaders’, the new center of excellence reinforces Deloitte’s commitment to fostering homegrown talent in the GCC region.

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Seven new partners and senior directors for KPMG in KSA

KPMG has enjoyed a major boost to its senior team in Saudi Arabia with the appointment of seven new partners and senior directors. Naif Edrees has been promoted to Partner in the Audit division. He has 15 years of experience at KPMG, overseeing financial audits across diverse sectors such as real estate, construction, retail, and public and private corporations.

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PwC enriches payments offering to financial services with Snowdrop

Snowdrop, a provider of payments solutions to the financial services industry, has agreed a partnership with PwC covering the Middle East region. Established in 2013, Snowdrop provides geo-location technology that helps financial institutions enrich their payments transitions and services to customers.

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Prosek Partners enters Middle East with Abu Dhabi office

International marketing and communications agency Prosek Partners has launched a new office in Abu Dhabi, marking its arrival in the Middle East. New York headquartered Prosek Partners has been in business since the early 90’s, providing communications solutions to financial and professional services companies (including several tier-one consultancies).

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Energy executives less optimistic on 2050 energy transition progress

Executives in the energy and natural resources industry are expecting a slowdown in the progress of the energy transition. That is according to a new report from Bain & Company. In its report, Bain & Company showed that only 38% of energy executives expect the world to reach net-zero emissions by as soon as 2050, a smaller percentage than the 46% from last year’s survey.

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