NEWS DESK

Engel & Völkers Middle East Reports 15.4% Residential

PR News Desk 17/12/2024

Dubai’s real estate market continued to demonstrate remarkable resilience and robust growth in November, with the residential sector achieving a 15.4% year-over-year increase and the commercial market recording a total sales value of AED9.2 billion, according to the latest report from Engel

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Interactive Brokers Enhances IBKR Desktop Trading Platform with New Tools and Features

PR News Desk 17/12/2024

Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, announced updates to IBKR Desktop, a modern trading platform for investors who demand simplicity but value Interactive Brokers’ advanced technology. With no platform fees and a user-friendly interface packed with advanced features, clients can easily facilitate simple trades across asset

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CSC Strengthens Leadership in Funds and Capital Markets Division

PR News Desk 16/12/2024

CSC, the world’s leading provider of global business administration and compliance solutions, is pleased to announce the expansion of its newly combined Funds and Capital Markets (FCM) division, with the strategic appointments of John Hebert and Venkat Srinivasan. The move follows CSC’s announcement earlier this year that the Intertrust Group acquisition of November 2022

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The Eurasian Development Bank, the Islamic Development Bank Institute and the London Stock Exchange Group host a discussion

PR News Desk 16/12/2024

The Eurasian Development Bank (EDB), the Islamic Development Bank Institute (IsDB) and the London Stock Exchange Group (LSEG), in the spirit of promoting Islamic Finance in Central Asia, have held a panel discussion, “Bridging the Capital Road: CIS & GCC,” as part of the Islamic Banking program at Abu Dhabi Finance Week (ADFW) on December, […]

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LG Air Handling Units Breathe Easy with Eurovent Certification, Raising The Bar For HVAC in the UAE

PR News Desk 16/12/2024

LG Electronics (LG) is proud to announce that its Air Handling Unit (AHU) line has received the esteemed Eurovent certification, an achievement reinforcing LG’s commitment to providing high-performance, energy-efficient HVAC solutions that meet the stringent demands of the UAE’s construction and infrastructure sectors. Air Handling Units are a vital component

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Biocodex Strengthens Supply Chain Resilience with Kinaxis

PR News Desk 16/12/2024

Biocodex, a pioneer and leader in human microbiota health, as well as an innovator in pharmaceuticals, has partnered with Kinaxis® Inc. (TSX: KXS), a global leader in end-to-end supply chain orchestration, to modernize and optimize its processes. Through this collaboration, Biocodex aims to achieve greater forecast accuracy, simplify the management of regulatory

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SpaceRISE Signs Concession Contract to Deliver Europe’s IRIS2 Connectivity Network

PR News Desk 16/12/2024

SES S.A. announces that the SpaceRISE consortium, led by SES, has signed the Concession Contract with the European Commission to design, deliver, and operate the innovative, multi-orbit IRIS2 sovereign connectivity system for a period of 12 years, with the network expected to provide services from the beginning of 2030. Infrastructure for Resilience,

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IRIS2 lifts off as European Commission and SpaceRISE sign contract in Brussels

PR News Desk 16/12/2024

SpaceRISE, the consortium comprising Eutelsat, Hispasat and SES, has signed the agreement with the European Commission (EC) and the European Space Agency (ESA) that will see the consortium design, deliver and operate the Infrastructure for Resilience, Interconnectivity and Security by Satellite (IRIS²) for a period of 12 years. The contract was signed today in a

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Hisense Unveils Award-Winning 110-Inch MiniLED TV in MEA

PR News Desk 16/12/2024

Hisense is thrilled to announce the launch of its groundbreaking 110-inch MiniLED TV, the Hisense 110UX, now available in the Middle East and Africa (MEA) region. Unveiled at CES 2024 and honoured as a CES Innovation Award winner, the 110UX represents a pinnacle of innovation and excellence in display technology. “With the introduction of the […]

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AISIN unveils ambitious expansion strategy at Automechanika Dubai 2024

PR News Desk 16/12/2024

AISIN Corporation, a global leader in automotive components, unveiled its ambitious vision for the future of the global aftermarket industry and introduced new tyre brand – AITERRA – at Automechanika Dubai 2024, demonstrating its commitment to providing innovative and high-quality solutions for the automotive aftermarket. The event, which was held recently, at the

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2nd Middle East Made-in-Anji Furniture Event 2024

PR News Desk 16/12/2024

The much-anticipated 2nd Middle East Made-in-Anji Furniture Event 2024 is set to take place on December 18, 2024, at the Aryaam Ballroom, Hyatt Regency Dubai Creek Heights in Dubai, UAE. Anji is a county in China’s Zhejiang province, located on Lake Tai. The county spans an area of 1,886 square kilometers, with a population of 461,800. Located

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7X signs MoU with SC Ventures during Abu Dhabi Finance Week to empower SMEs in MENA

PR News Desk 16/12/2024

7X, the trade, transport, and logistics investment and holding group, signed a Memorandum of Understanding (MoU) with SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm. The MoU, signed during Abu Dhabi Finance Week, lays the groundwork for exploring collaborative opportunities in the Middle East and North Africa (MENA), with a focus on

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École Ducasse Abu Dhabi Studio Launches Festive Culinary Classes for the Holiday Season

PR News Desk 16/12/2024

Embrace the magic of the holidays with École Ducasse Abu Dhabi Studio, as it unveils a series of festive culinary experiences designed for food enthusiasts of all ages. From sophisticated festive lunches to creative kids’ winter camps, these unique classes offer the perfect way to celebrate the season, create holiday-inspired dishes, and make unforgettable memories.

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Emirates NBD Group’s Deniz Ventures Invests in TeamSec to Advance Securitization Innovation

PR News Desk 16/12/2024

Deniz Ventures, the venture capital fund of DenizBank, established under the Emirates NBD Innovation Fund – the Corporate Venture Capital arm of Emirates NBD Group, invests in TeamSec, a pioneer in AI-driven securitization technology, transforming the structured finance industry through its innovative Securitization-as-a-Service platform. Focused on accelerating the

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UCI URBAN CYCLING WORLD CHAMPIONSHIPS IN ABU DHABI OFFERS WEEK OF UNBEATABLE SPORT AND ENTERTAINMENT

PR News Desk 16/12/2024

The 2024 UCI Urban Cycling World Championships, hosted by Abu Dhabi Sports Council (ADSC) in collaboration with the sport’s governing body, the Union Cycliste Internationale (UCI), will combine top class sporting action with a long list of entertainment attractions to provide an unbeatable experience and family event. Taking place next to Abu Dhabi’s Nation Towers […]

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Zoho Finance and Operations suite achieves 65% revenue growth in the UAE

PR News Desk 16/12/2024

Zoho, a global technology company, today announced that its finance and operations suite has achieved 65% growth in recurring revenue last year in the UAE. The company also announced the addition of key product capabilities in its VAT-compliant accounting solution Zoho Books, inventory management solution Zoho Inventory, and practice management app for accountants Zoho

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Fed Preview: Rate Cut on Deck, But With 2025 Caution – Saxo Bank MENA

PR News Desk 16/12/2024

The Federal Reserve is widely expected to deliver a 25 basis points (bps) rate cut this week, reducing the target range for the federal funds rate to 4.25-4.50%. With the Fed’s moves becoming more data-driven, investors will pay close attention to the tone of Chair Powell’s post-meeting remarks and the updated Summary of Economic Projections […]

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P&G UAE Harnesses Solar Power with Yellow Door Energy

PR News Desk 16/12/2024

Procter and Gamble (“P&G”), one of the world’s largest consumer goods companies with more than 80 globally beloved brands, has signed a solar lease with Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and Africa.  Located at P&G’s UAE office within the Jebel Ali Freezone Authority (JAFZA) industrial park, […]

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MERED partners with SERA Group to deliver the ICONIC Tower project

PR News Desk 16/12/2024

MERED, the reputed international real estate developer, has officially announced SERA Group, a leading name in the Turkish construction industry, appointing them as the general contractor for its flagship project – ICONIC Residences design by Pininfarina – a residential landmark set to redefine luxury living in Dubai Internet City. SERA Group’s extensive

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Leading Food Tech Company Transforms MENA Restaurants with Efficiency and Profit Growth

PR News Desk 16/12/2024

As the Middle East’s F&B industry continues to evolve, restaurants are increasingly turning to technology to enhance efficiency, reduce costs, and elevate customer experiences. Advanced tech solutions such as cloud-based restaurant management systems and point-of-sale solutions are reshaping how restaurateurs manage operations and boost profitability in a highly