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January 15, 2025
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Getty
Business

Getty Images and Shutterstock to merge

Arnold Pinto 0
Valuation put at $3.7 billion Getty Images Holdings and Shutterstock will merge in a transaction valued at approximately $3.7 billion. The merger will create a new powerhouse in the visual content market under Getty Images Holdings. The combined company will continue trading on the New York Stock Exchange with the “GETY.” By joining forces, Getty […]
Aduna
Appointments Business

Aduna appoints Anthony Bartolo as CEO

Dan Ngiam 0
Head of Ericsson’s new venture Aduna, a new venture launched in September 2024 by Ericsson in partnership with major global telecom operators, has announced the appointment of Anthony Bartolo as its new CEO. The company name, Aduna, is derived from the Latin term for “many entities uniting as one,” which reflects the venture’s mission of […]
Cloud
Business Sport

Formula E and Google Cloud sign multi-year partnership

Arnold Pinto 0
New milestone for electric motorsport Formula E and Google Cloud have unveiled a new multi-year partnership. The partnership combines cutting-edge AI and technology to propel the league into a new era. The collaboration starts with the groundbreaking GEN3 Evo era, marking a milestone in the ongoing transformation of electric motorsport. As part of this agreement, […]
Baykar
Business

Turkey’s Baykar acquires Italy’s Piaggio Aerospace

Arnold Pinto 0
In strategic EU expansion plan Turkish technology firm Baykar has secured approval from the Italian government to acquire Piaggio Aerospace, a renowned Italian aviation manufacturer. The Turkish company says the acquisition will boost its presence in the European Union and mark a new era for the long-established aerospace giant. Baykar’s offer outbid two other contenders
VR
Business Markets

Global VR headset shipments fell in Q3 2024

Arnold Pinto 0
AR and AI technologies show promise Global shipments of Virtual Reality (VR) headsets fell by 4% year-on-year (YoY) and 16% quarter-on-quarter (QoQ) in the third quarter of 2024, marking the market’s third consecutive quarter of declines. This trend reflects a growing challenge within the VR market, as demand for tethered VR headsets dropped by 50% […]
Broadband
Business

2 Indian states to get broadband connectivity boost

Arnold Pinto 0
Via Nokia-Ishan Technologies tie-up Nokia has partnered with Ishan Technologies, one of India’s leading internet service providers, to transform broadband services across Gujarat and Maharashtra. This will significantly impact how millions of people in the two Indian states access the internet. The partnership aims to deliver high-speed, reliable broadband services
Multinationals
Business Oman

Oman levies 15% tax on multinationals

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Effective January 1, 2025 Oman—the oldest independent state in the Arab world—introduced a minimum top-up tax (DMTT) of 15% on multinational companies effective January 1, 2025, following a royal decree issued by Sultan Haitham bin Tariq. The tax applies to multinationals with consolidated annual revenue exceeding $779.2 million. However, after a recent meeting of its […]
UAS
Aviation Business

UAS adds a Bombardier Global Express to fleet

Arnold Pinto 0
Eye on regional charter market UAS International Trip Support (UAS), a global leader in trip support solutions, has added a Bombardier Global Express to its air charter fleet. The debut marks the company’s entry into aircraft sales and management services, strengthening its position in the Middle East’s growing charter market. The Bombardier Global Express, known […]
Work
Business UAE

Edge Group Achieves Great Place to Work certification

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On company’s 5th anniversary Abu Dhabi-based Edge Group’s Corporate division has been officially recognised as a Great Place to Work. This certification celebrates a commitment to creating a dynamic, supportive, and innovative workplace. The milestone coincides with the company’s fifth anniversary, highlighting its growth and the strong workplace culture
Order
Aviation Business

Air India places order for 100 Airbus aircraft

Arnold Pinto 0
Backed by services contract Air India, owned by India’s Tata Group, has revealed a new order for 100 Airbus aircraft, including 10 A350 widebody models and 90 single-aisle A320 aircraft. The airline has also chosen Airbus’ Flight Hour Services-Component (FHS-C) to support its growing fleet of A350 aircraft. This order, now included in Airbus’ 2024 […]
Adoption
Business UAE

UAE businesses are prioritising AI adoption

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According to ServiceNow research According to a new AI Maturity Index Report by ServiceNow, in collaboration with Oxford Economics, businesses in the United Arab Emirates (UAE) are making significant strides toward AI adoption. The report reveals a widespread commitment to artificial intelligence (AI) as a key driver of business transformation. Over 80% of companies have

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