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Powin Secures $200 Million in Debt Capital From KKR to Bolster Growth and Innovation in Energy Storage

Powin, a global leader in battery energy storage solutions, announced today that it has successfully secured a revolving credit facility of up to $200 million primarily from insurance accounts managed by KKR, a leading global investment firm. The facility will be instrumental in supporting Powin’s working capital needs, driving continued innovation, and further enhancing
NEWS DESK

Regnology Introduces Regnology Granular Data (RGD)

Regnology, a leading software provider with a focus on regulatory reporting solutions, announced today the release of Regnology Granular Data (RGD), its new single, non-redundant integrated global data model built on the strengths of Regnology’s long-established Abacus data model to prepare for the future of regulatory reporting. RGDleverages 30 years of experience
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PUMA Explores Leather vs Vegan Leather With Global Goals Ambassador

In response to growing consumer demand for greater transparency from the fashion industry, PUMA launches #KnowYourStuff, an educational content series which delves into one of today’s most debated fashion topics – leather vs vegan leather – and the environmental impact of both. Created in collaboration with Aishwarya Sharma, one of PUMA’s ‘Voices’ and Global Goals
NEWS DESK

Middle East Leads in Digital Automotive Transactions

Arthur D. Little (ADL) has published the fourth edition of its influential Future of Automotive Mobility (FOAM) report, covering current and future automotive trends. This year’s study includes insights from over 16,000 respondents across 25 countries, including the Middle East region. The report provides detailed perspectives on car ownership, electric vehicles,
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Hyatt Completes Acquisition of Standard International and Its Iconic Hotel Brands

Hyatt Hotels Corporation (NYSE: H) today announced the completed acquisition of the brands and most of the affiliates ofpioneering lifestyle hospitality company Standard International, parent company of The Standard and Bunkhouse Hotels brands. This acquisition enhances Hyatt’s leading position in the industry’s premier lifestyle segment, building on both Hyatt’s
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Trinasolar Wins TÜV Rheinland’s PV Module Long-term Aging Reliability AQM Award 2024

Trinasolar has been awarded the prestigious PV Module Long-term Aging Reliability AQM Award 2024 by TÜV Rheinland, a globally recognized leader in technical services with over 40 years of experience in the photovoltaic (PV) industry. This honor highlights the outstanding system compatibility and long-term reliability of Trinasolar’s Vertex N single-glass modules. Featuring
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DDoS Attacks Skyrocket and Hacktivist Activity Surges Threatening Critical Global Infrastructure

NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) today released findings from its 1H2024 DDoS Threat Intelligence Report, citing a dramatic 43% increase in the number of application-layer attacks and a 30% increase in volumetric attacks, especially in Europe and the Middle East. Attack duration varied with 70% lasting less than 15 minutes. The escalation of attacks involves a
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Edge Group/SDF Backed Mayman Aerospace Showcases Autonomous Flight Tests of Turbine-Powered VTOL Aircraft

Mayman Aerospace, supported by Edge Group/SDF from the UAE, has successfully conducted flight tests of its RAZOR VTOL test bed at a military facility in Southern California. This test bed replicates the dimensions and weight of the RAZOR P100 and employs the same propulsion, engine gimballing, thrust vectoring, and flight control technologies. Funded in part […]
NEWS DESK

Future of Automotive Mobility 2024: UAE Leads the Charge in Embracing Digital Car Purchases and Alternative Drivetrains

Arthur D. Little (ADL) has released the fourth edition of its influential Future of Automotive Mobility (FOAM) report, presenting a detailed analysis of current and future trends in the automotive industry. This year’s study, with insights from over 16,000 respondents across 25 countries, includes a comprehensive focus on the United Arab Emirates (UAE). The report […]
NEWS DESK

MHAO Group Discusses with Dubai Government Human Resources Department Ways to Enhance Collaboration in Emiratization of Jobs in the Public and Private Sectors

Mohamed Hareb Al Otaiba, Chairman of MHAO Group, visited HE Abdullah Ali Zayed Al Falasi, Director General of the Dubai Government Human Resources Department, during the last day of Ru’ya Careers UAE 2024 that was concluded in Dubai World Trade Centre. The discussions between the two parties focused on enhancing Emiratization in both the public […]
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EIH Ethmar International Holding announces sale of ready-to-move-in Lamar Residence with attractive prices

EIH Ethmar International Holding has announced today the sale of its waterfront units at Lamar Residence in Raha Beach, a prestigious ready-to-move-in residential development located in Al Raha Beach close to the main island of Abu Dhabi. Stretching nearly 300 meters along a pristine waterfront and offering breathtaking views of the exclusive Al Raha Beach, […]
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2nd Arab Housing and Community Development Forum to Elevate Regional Housing Solutions

The 2nd Arab Housing and Community Development Forum is set to take place on October 2-3, 2024, at the Movenpick Al Bustan, Dubai, UAE, bringing together key stakeholders, policymakers, and industry leaders to discuss and drive forward innovative housing solutions across the region. This year’s forum, under the theme “Elevating the Region’s Housing and Quality […]