NEWS DESK

ClearOne Appoints FVC as Distributor for the Middle East and Africa

News Desk 10/07/2024

ClearOne (NASDAQ: CLRO), a global market leader in conferencing, collaboration, and network streaming solutions, today announced the appointment of FVC, a leading value-added distributor known for its expertise and excellent customer service, as its distributor for the Middle East and Africa.

NEWS DESK

Google Cloud Opens New Offices in Kuwait to Accelerate Digital Transformation

News Desk 10/07/2024

Today, Google Cloud announced the opening of its new offices in Kuwait licensed by Kuwait Direct Investment Promotion Authority (KDIPA) at an event attended by His Excellency Mr. Omar Saud Al-Omar, Minister of Commerce and Industry and Minister of State for Communication Affairs. This expansion further signifies Google Cloud’s commitment to supporting Kuwait’s

NEWS DESK

MultiBank Group Recognized as Best Bitcoin Broker for Professional Traders

News Desk 10/07/2024

MultiBank Group is pleased to announce its recognition as “Best Bitcoin Broker for Professional Traders” by FXEmpire, a leading financial markets authority. This esteemed accolade highlights MultiBank Group’s unwavering commitment to excellence, security, and innovation in the forex and cryptocurrency trading industry. Excellence in Bitcoin Trading MultiBank

NEWS DESK

Global Wealth Report 2024: Growth returns to 4.2% offsetting 2022 slump

News Desk 10/07/2024

In 2023 wealth growth across the world has recovered from its 3% contraction the previous year. The contraction in 2022 was largely attributable to currency effects, i.e. a strong USD. However, the bounce back of 4.2% offset the loss from 2022, regardless of whether it is expressed in USD or local currencies, and was driven […]

NEWS DESK

UAE participates in 65th Session of WIPO reviewing its efforts in building a competitive intellectual property protection system

News Desk 10/07/2024

H.E. Abdulla bin Touq Al Marri, Minister of Economy, led the UAE delegation participating in the 65th session of the Assemblies of the World Intellectual Property Organization (WIPO) member states, which began at the Organization’s headquarters in Geneva, Switzerland, and runs until July 17. H.E. Bin Touq confirmed that the UAE, in line with its […]

NEWS DESK

NetApp Expands Intelligent Data Infrastructure Capabilities to Power Strategic Cloud Workloads

News Desk 10/07/2024

NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, today announced the introduction of new capabilities designed for strategic cloud workloads including GenAI and VMware. These enhancements to NetApp data and storage services reduce the resources and risks for customers to manage these strategic workloads across increasingly complex hybrid multicloud

NEWS DESK

Gold consolidates ahead of US inflation data

News Desk 10/07/2024

Following Powell’s Senate testimony, which suggests a cautious approach to rate cuts, gold prices jump beyond $2,360. Although DXY gains 0.14%, the rate on the US 10-year Treasury increases to 4.296%. During Tuesday’s North American session, gold prices marginally increased following remarks made by Federal Reserve Chair Jerome Powell before the US Senate Banking

NEWS DESK

Oil Futures Hit Two-Week Low; Gold Trades Higher Ahead of CPI Report – Comments from Century Financial

News Desk 10/07/2024

Oil prices finish lower after Hurricane Beryl leaves energy infrastructure largely unscathed: Oil futures lost ground Tuesday, with U.S. benchmark prices settling at their lowest in nearly two weeks after Hurricane Beryl appeared to leave Texas energy infrastructure with little damage. U.S crude oil futures slipped in post-settlement trading Tuesday even as the American

NEWS DESK

Unveiling AlThuraya IslandParadigm of Serene Island Living and Architectural Grace

News Desk 10/07/2024

AJMAL MAKAN Real Estate Development, a leading UAE-based master Real Estate developer of cities and mixed-use master-planned communities, has chosen XBD Collective, a multi-award-winning design and architecture firm with offices in Dubai, London, and Kochi, to refine and evolve the master plan for AlThuraya Island, located at the heart of the iconic AJMAL MAKAN

NEWS DESK

HE Dr. Al Dahak discusses expanding cooperation between the UAE and Japan

News Desk 10/07/2024

Her Excellency Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment, held a meeting with HE Sakamoto Tetsushi, Minister of Agriculture, Forestry and Fisheries of Japan, and discussed ways to expand cooperation between the UAE and Japan in the field of food security and advanced climate-smart agriculture. The meeting is part of […]

NEWS DESK

Dubai Municipality implements field campaign to monitor and remove neglected vehicles

News Desk 10/07/2024

Dubai Municipality has initiated a field campaign to track and remove neglected vehicles and equipment across nine registration and testing centers in the Emirate, in collaboration with its strategic partners. This initiative is part of the Municipality’s extensive efforts and field strategies to preserve hygiene, sustainability, and the distinctive aesthetic and cultural

NEWS DESK

Political uncertainty boosts case for ECB’s September interest rate cut

News Desk 10/07/2024

Following the relatively data-insensitive June rate cut, European Central Bank (ECB) speakers have stood firm on the message of data-dependency. Next week’s ECB meeting likely to take stock of the available data and compare it to the latest forecast. Possible rate cut in September Following the relatively data-insensitive June rate cut, ECB speakers have stood […]

NEWS DESK

Moro Hub Presents Green Certificate to Oilfields Supply Center Ltd.

News Desk 10/07/2024

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), presented a Green Certificate to Oilfields Supply Centre Ltd. in recognition of their commitment to sustainability by hosting their IT workloads on Moro Hub’s Green Cloud. This initiative underscores the successful collaboration between Moro Hub and Oilfields Supply

NEWS DESK

Gold prices rise in Asia as traders anticipate fed signals; Copper and Crude Oil show mixed trends – APM Capital Market Report

News Desk 10/07/2024

Wallstreet market U.S. stocks gave up gains towards the close on Tuesday, however the S&P 500 and Nasdaq Composite were still able to edge up to new record closing highs. The Dow Jones finished down. The Federal Reserve remains squarely focused on the dual mandate to promote maximum employment and stable prices for the benefit […]

NEWS DESK

VAST Data Achieves High-Performance Storage Solution Certification forNVIDIA Partner Network Cloud Partners

News Desk 10/07/2024

VAST Data, the AI data platform company, today announced that the VAST Data Platform has been certified as a high-performance storage solution for NVIDIA Partner Network cloud partners. This certification underscores VAST’s position as a leading data platform provider for AI cloud infrastructure, and further strengthens VAST’s collaboration with NVIDIA in building out

NEWS DESK

Knight Frank: Riyadh retail stock to rise by 28% to 4.6 million square metres by 2026

News Desk 10/07/2024

Average rental rates across Riyadh’s retail market have increased marginally by 3% to SAR 2,725 psm for both regional and super regional malls in the last 12 months, while occupancy rates across the retail market increased by 5 percentage points to 90%, according to global property consultancy Knight Frank’s Summer 2024 Saudi Arabia Retail Market […]

NEWS DESK

Turn your Saturday Feast into a Weekend Getaway at the Radisson Resort Ras Al Khaimah, Marjan Island!

News Desk 10/07/2024

Weekend & Brunch Stay How does a hotel stay with a brunch, breakfast and the captivating views of the sea beaches of Marjan Island sound to you? If that sounds like the perfect weekend, the Radisson Resort Ras Al Khaimah Marjan Island has a Weekend and Brunch Stay package you’ll want to book yourself in […]

NEWS DESK

SPC Free Zone and Aramex forge strategic partnership to boost business synergy in Sharjah

News Desk 10/07/2024

Sharjah Publishing City Free Zone (SPC Free Zone) and Aramex have recently inked a Memorandum of Understanding (MoU) to enhance collaboration and provide mutual benefits to their client bases. This strategic partnership aims to streamline services between the two entities and increase communications to their respective customer databases. The MoU between SPC Free Zone and

NEWS DESK

IMAN developers breaks ground on AED 700m One Park Central in Jumeirah Village Circle

News Desk 10/07/2024

IMAN developers, a leading Dubai-based luxury residential developer, has announced the groundbreaking of the One Park Central project, a landmark mixed-use development in the heart of Jumeirah Village Circle (JVC). Valued at AED 700 million, IMAN developers aim to redefine urban luxury living with One Central Park’s innovative design and extensive amenities. Strategically

NEWS DESK

Yango rolls out Public Transport Service, redefining mobility within Dubai

News Desk 10/07/2024

Yango Group, a global tech company that creates daily services, launched a new public transport service feature within its Yango app, aimed at redefining urban mobility in Dubai. This addition provides users with comprehensive transport options by integrating public transit information with Yango’s existing services, including ride-hailing, rentals, and delivery in