Business Finance

AML systems expenditure seen at $65bn globally by 2028

News Desk 1 06/03/2024 0

Fuelled by AI’s advancements in risk assessment There is likely to be an 80% surge in total spending on third-party Anti-money Laundering (AML) systems by 2028, reaching $65.62 billion, up from $36.43 billion in 2024, according to ‘Global AML Systems Market 2024-2028’ – a new study

Business Interviews

Tile by tile the beautiful story gets told

Arnold Pinto 06/03/2024 0

Indian manufacturer floors the competition Two globally renowned tile brands – Restile and The Tile Story – under Bell Granito Ceramica Limited (BGCL) exhibited at CEVISAMA – the leading international trade event for the ceramic, bathroom equipment, and natural stone sectors – held at Feria Valencia in Valencia, Spain, from February 26 to March 1, […]

Business Education UAE

7 Mustaqbalkom trainees graduate in the UAE

News Desk 1 05/03/2024 0

Richemont initiative preps Emiratis for luxury sector role Richemont Group has announced the graduation of the first cohort from its Mustaqbalkom Trainee Programme in the United Arab Emirates. This unique initiative, meaning ‘your future’ in Arabic, is a stepping stone for Emirati bachelor’s and master’s graduates to explore diverse career options within the prestigious

Business Finance

Global business evolves amidst AI and IT resurgence

News Desk 1 04/03/2024 0

Asian semiconductor companies playing a pivotal role In the ever-changing landscape of Artificial Intelligence (AI) and Information Technology (IT), investors are finding solace as the uptrend in risk assets, notably stocks, broadens globally across various regions and sectors. While concerns of German ‘deindustrialisation’ loom, recent shifts in the energy

Business Saudi Arabia

Cloudera to unveil GenAI and data innovations at LEAP 2024

News Desk 1 02/03/2024 0

Company reiterates support for regional tech community Cloudera, the Santa Clara, California-headquartered data company for enterprise AI, is exhibiting at the third annual edition of LEAP, Saudi Arabia’s premier technology expo, in Riyadh from March 4-7, 2024. The company’s upcoming participation in the largest tech event in the MENA region underscores its

Business

BlueZoo revolutionises retail media networks

News Desk 1 02/03/2024 0

BrightSign Series-5 media players roped in BlueZoo, a pioneer in audience measurement for out-of-home advertising and Retail Media Networks, has unveiled a groundbreaking development by delivering its impressions measurement software for global deployment on BrightSign’s latest Series-5 digital media players. This integration propels in-store digital signage to new

Business Defence & Security UAE

NIMR unveils next-gen armoured vehicle

News Desk 1 01/03/2024 0

Jais MK2 makes debut at World Defence Show 2024 In a significant development signalling technological advancement in military vehicle manufacturing, the EDGE Group’s subsidiary, NIMR, a renowned producer of combat-proven wheeled military vehicles, has officially launched the Jais Mark 2 (MK2). The unveiling came on the heels of the World Defence Show (WDS) 2024, held

Business Tech

Google rakes in $237.8 billion ad revenue in 2023

Arnold Pinto 01/03/2024 0

Second-smallest growth in 2 decades, trails behind rivals In a digital landscape where brands and marketers have poured a staggering $3 trillion into digital advertising over the last five years, industry titan Google has faced a notable decline in ad revenue growth. According to data from AltIndex.com, Google’s advertising revenue experienced a modest 5.9%

Business Tech

IBM grapples with unprecedented patent decline

Arnold Pinto 29/02/2024 0

The shifting tech landscape is seen as the prime reason In a surprising turn, IBM, a longstanding leader in patent acquisition for the past 29 years, is facing a significant setback as its patent filings witnessed a sharp decline of 60% over the past two years, as reported by Stocklytics.com. This decline coincides with a […]

Business GCC UAE

UAE emerges as a global hub for start-ups

News Desk 1 29/02/2024 0

Flat6Labs study sees rise in female-founded units Flat6Labs, a Cairo-based seed and early-stage venture capital firm has reported a substantial increase in international start-ups seeking to establish their global hub in the UAE. The data, derived from an analysis of over 4,000 applications spanning five cycles of its Ignite seed funding and incubator programme from […]

Aviation Business Logistics

Cathay Cargo expands its digital integration programme

News Desk 1 28/02/2024 0

Carrier enhances its freight booking experience Cathay Cargo, a global leader in cargo services, has taken a significant step in its digitalisation journey by unveiling a groundbreaking Application Programming Interface (API) connection for DB Schenker’s agents. This API provides seamless access to Cathay Cargo’s Click & Ship booking platform, allowing DB

Bahrain Business Kuwait Oman Qatar Saudi Arabia UAE

Ford Middle East posts 63% surge in sales for 2023

Arnold Pinto 28/02/2024 0

UAE leads regional growth with a 57% increase Ford Middle East is celebrating a stellar year of sales in 2023, marking a remarkable 63% rise across the Middle East region over the previous year. This achievement is attributed to the exceptional performance of key vehicles, including the Ford Territory, Ford Taurus, Ford F-150, and Ford […]

Business Food & Beverage Interviews

Here’s why the Middle East relishes the taste of ATI

Arnold Pinto 27/02/2024 0

American brands, quality, and unique flavours are a sell-out Established in 1995 and headquartered in Los Angeles, California, American Trading International (ATI) is a premier food & beverage company specialising in facilitating seamless import and export transactions for American and international companies. Exporting from the US to 81+ countries – including 14 in

Business Events GCC UAE

WEF hosts TradeTech Forum 2024 in Abu Dhabi this week

Arnold Pinto 26/02/2024 0

Forum to discuss advanced technologies in global trade The World Economic Forum (WEF) is bringing together 300 ministers, business leaders, trade experts, and representatives from civil society to explore the utilisation of cutting-edge technologies in global trade. Being held on February 27, 2024, at the Abu Dhabi National Exhibition Centre – TradeTech Forum 2024

Business

Spanish ceramic tile sector banks on Middle East demand

Arnold Pinto 26/02/2024 0

The region stands out as a beacon of opportunity and growth Since the start of 2024, the Spanish ceramic tile industry has been increasingly focussing on the Middle East market as other legacy global markets shrink due to the Ukraine-Russia conflict, Red Sea shipping attacks, and growing competition from a handful of Asian nations. Over […]

Business Interviews

Orkla IMEA set for taste of double-digit growth in ME

Arnold Pinto 25/02/2024 0

New entity capitalises on MTR and Eastern brands Orkla India, which owns the food, spices and curry powder brands MTR and Eastern, has newly launched Orkla IMEA (India, Middle East and Africa) as a regional subsidiary based in Dubai to capitalise on a best-selling product range and forge strong partnerships in the region. Orkla India […]

Business Tech

GenAI technology is gaining traction among enterprises

News Desk 1 25/02/2024 0

80% of GenAI investors engage in proof-of-concept applications Generative Artificial Intelligence (GenAI) is establishing itself as a groundbreaking technology according to the ‘Reimagining Industry Futures Study’ conducted by EY. Released ahead of the Mobile World Congress (MWC) in Barcelona (February 26-29, 2024), the research, encompassing 1,405 enterprises, indicates a

Business Finance GCC UAE

Aquanow secures VASP licence from Dubai’s VARA

News Desk 1 22/02/2024 0

Canadian company accelerates global expansion plans Vancouver-based crypto infrastructure provider Aquanow has achieved a significant milestone in its global expansion strategy by acquiring the Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA). While currently non-operational, the licence sets the stage for Aquanow to

Business Space UAE

NWTN becomes the official mobility partner of MBRSC

Arnold Pinto 22/02/2024 0

Dubai-based space entity to use Rabdan One electric vehicles NWTN, a Dubai-based green energy company, has been contracted to supply its Rabdan One electric vehicles to the Dubai-based Mohammed Bin Rashid Space Centre (MBRSC). An announcement confirming NWTN as the official mobility partner of MBRSC was made on February 19, 2024, when Salem Humaid Al […]

Aviation Business Events GCC UAE

Dubai to host the world’s largest Airport Show in May 2024

Arnold Pinto 22/02/2024 0

Global airport projects to reach $1.8 trillion by 2030 The 23rd edition of Airport Show – the world’s largest annual event dedicated to the global airports industry – will be held at Dubai World Trade Centre from May 14-16, 2024. With 150 exhibitors hailing from 20 countries and an anticipated attendance of 7,500 visitors from […]