Home Articles posted by Middle East News 247 (Page 16)
Business

Landmark agreements worth over $6.4 billion announced on Day 4 of Biban 2023 forum

Riyadh, Saudi Arabia — Today, the Social Development Bank (SDB) pledged $6.4 billion to funding entrepreneurs, small and medium-sized enterprises (SMEs), and freelancers across the Kingdom over the next three years. The multibillion-dollar pledge was announced on Day 4 of Biban 2023, with the landmark commitment set to contribute to the achievement of the nation’s […]
Business GCC UAE

Ondas’ Airobotics and Dubai Police Will Cooperate to Implement Drone-in-a Box Infrastructure and Aerial Defensive Solutions Against Potential Aerial Threats

WALTHAM, Mass. & DUBAI, UAE — Ondas Holdings Inc. (Nasdaq: ONDS) (“Ondas” or the “Company”), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, announced today that its wholly-owned subsidiary Airobotics, Ltd. (“Airobotics”) and Dubai Police have signed a Memorandum of Understanding
Business

Experience Luxury in the Heart of Bangkok

Bangkok, Thailand — Sindhorn Kempinski Hotel Bangkok, a luxurious hotel located in the heart of Bangkok, renews its focus on the Middle Eastern market following increased demand from travellers in the region. As the brands second property in Bangkok, it has shown its commitment to the GCC, with a roadshow titled ‘Rediscover Bangkok with Amazing […]
Business

Day 2 of Biban 2023 sets the stage for the launch of over $1.5 billion worth of agreements

RIYADH, Saudi Arabia — The Kafalah Program officially announced a partnership with a diverse selection of Saudi-based entities, pledging up to $1.5 billion in financing guarantees for the Kingdom’s burgeoning community of startups and small and medium-sized enterprises (SMEs). The announcement was made on the second day of Biban 2023, with the Kafalah Program — […]
Business

Netcracker Wins Telecom Review Excellence Award for Best Global Digital Transformation Provider

WALTHAM, Mass. — Netcracker Technology announced today that it has received the Telecom Review Excellence Award for Best Global Digital Transformation Provider. The award is a validation of Netcracker’s successful track record of delivering digital transformation projects that help CSPs create value through innovation by supporting the development of digital experiences,
Business

D3 Security Recognized as a Microsoft Security Excellence Awards Finalist for Security Trailblazer

VANCOUVER, British Columbia — D3 Security today announced it is a Security Trailblazer award finalist in the Microsoft Security Excellence Awards. The company was honored among a global field of industry leaders that demonstrated success across the security landscape during the past 12 months. “We are thrilled to be recognized as a finalist for the Security
Business

Best’s Market Segment Outlook: AM Best Maintains Stable Outlook on Gulf Cooperation Council Insurance Markets

LONDON — AM Best is maintaining its stable market segment outlook for the insurance markets of the Gulf Cooperation Council (GCC) – comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The maintenance of the stable outlook reflects the GCC insurance market’s solid footing entering 2023; however, the weight of headwinds facing […]
Business GCC UAE

Best’s Market Segment Report: Intense Price Competition Erodes Profitability of United Arab Emirates-listed Insurers in 2022

LONDON — The insurance market in the United Arab Emirates reported a marked deterioration in underwriting profitability in 2022. In AM Best’s opinion, this largely reflects the highly competitive market conditions and continuous pricing pressures, particularly in the core motor and medical lines, which account for a large proportion of retained risk in the market. A
Business

apexanalytix Acquires ESG Enterprise

GREENSBORO, N.C. & HOUSTON — apexanalytix® (“apex”), a leading provider of global supply chain risk management data, software and services, and ESG Enterprise (the “Company”), a provider of environmental, social and governance (ESG) management data, software and services, today announced that apex has acquired ESG Enterprise. Financial terms of the transaction were not
Business

Regtech accelerating the adoption of artificial intelligence by the financial institutions

Dubai, United Arab Emirates — Regtech helps financial and non-financial institutions by leveraging AI to reduce the time spent on investigations and the FTE required for the investigations of financial crimes. This sentiment was commonly echoed by the panel speakers of 6th MENA Regtech: Mr. Muhammad Shahid Farid, Head of AML/CFT and Sanctions, The Commercial […]