Business Tech

Teradyne Robotics Opens New HQ In Odense, Denmark

News Desk 22/05/2024

As Industry Heads Ponder Robotics’ Future This week, a convergence of industry giants marked the inauguration of Teradyne Robotics’ new headquarters in Odense, Denmark. The event also served as a platform for senior executives from NVIDIA, Siemens, and Teradyne Robotics to deliberate on

Business UAE

Cloudera Primed For AWS Summit Dubai 2024

Arnold Pinto 22/05/2024

Showcasing Enterprise AI And Hybrid Data Solutions Cloudera is set to take centre stage at the AWS Summit in Dubai on May 29, 2024, as part of its commitment to transform data analytics and machine learning powered by the robust infrastructure of Amazon Web Services (AWS). AWS Summit Dubai, taking place at Dubai World Trade […]

Business Markets Tech

Nasdaq Deploys Advanced AI Into Its Market Surveillance

Arnold Pinto 21/05/2024

Targeting Manipulation And Insider Trading Nasdaq has launched a groundbreaking addition to its market surveillance technology, introducing a potent AI feature set to transform the detection and investigation of market abuse worldwide. Through the integration of generative AI, Nasdaq aims to expedite the process of identifying potential market manipulation and insider

Automotive Business Interviews

Exeed: Pioneering Innovation In The Global Automotive Market

Arnold Pinto 20/05/2024

Premium Automaker Intensifies Global Expansion Hailing from the heart of Wuhu, Anhui Province, China, the Exeed automotive brand has emerged as a beacon of innovation and excellence in the competitive automotive industry. With a strategic vision and a firm commitment to challenging the norm, Exeed has rapidly gained domestic and international recognition, particularly in

Business GCC UAE

How To Invest In The US Stock Market From Dubai

News Desk 19/05/2024

S&P 500 And Nasdaq Are Global Benchmarks For investors based in Dubai, exploring opportunities beyond local markets – such as the US – can lead to diversified portfolios and potentially higher returns on investment. One such avenue worth considering is the US stock market. Renowned for its depth, liquidity, and historical resilience, the US stock […]

Blockchain & Cryptocurrency Business UAE

New York’s Chainalysis Opens Regional Headquarters In Dubai

News Desk 17/05/2024

Cementing Commitment To UAE’s Crypto Evolution Chainalysis, a global blockchain intelligence platform, has launched its regional headquarters in Dubai. The New York-headquartered company specialises in cryptocurrency investigation and compliance solutions for global law enforcement agencies, regulators, and private sector entities fighting illicit cryptocurrency

Business Events

Krista Exhibitions To Host ALLPack Indonesia 2024

News Editor 2 17/05/2024

At Jakarta International Expo Centre Krista Exhibitions is set to host ALLPack Indonesia 2024, in conjunction with AllPrint Indonesia Expo 2024, at the Jakarta International Expo (JIExpo) centre in Kemayoran, Jakarta, from October 9 to 12, 2024. ALLPack Indonesia 2024—the 23rd edition—will showcase processing and packaging technology for food, beverages,

Business Corporate UAE

Dubai Tops FDI Global Charts For The Third Consecutive Year

Arnold Pinto 16/05/2024

Leaving Singapore And London Trailing Dubai, the Middle East’s default business and commercial capital, is the world’s leading foreign direct investment (FDI) hub for the third consecutive year, bypassing Singapore and London, respectively. As per the Financial Times’ fDi Markets platform, Dubai, the Arabian Gulf emirate, not only secured the top spot in global

Business

Private Companies In UAE Have Key Role In Emiratisation Initiative

Arnold Pinto 15/05/2024

MoHRE: Robust Emirati Workforce Needed Private companies in the United Arab Emirates (UAE) have a unique opportunity to understand and align with the country’s Emiratisation plans. This could involve initiatives such as increasing the number of Emirati employees, providing training and development opportunities for Emiratis, or partnering with local educational

Aviation Business UAE

Emirates Group Posts AED18.7 Billion Profit For 2023-2024

Arnold Pinto 14/05/2024

A 71% Increase From The Previous Year Dubai-headquartered Emirates Group has achieved a remarkable milestone in its 2023-2024 fiscal year, with profit reaching an unprecedented AED18.7 billion ($5.1 billion), a staggering 71% increase from the previous financial year. With revenues soaring to AED137.3 billion ($37.4 billion), an impressive 15% increase propelled by robust

Automotive Business

Parkopedia And Regeny Charge Up To EV Drivers’ ‘Range Anxiety’ Concerns

Arnold Pinto 13/05/2024

By Ramping Up EV Charging Access In Middle East Parkopedia, a global leader in connected car services headquartered in London, UK, has forged a strategic alliance with Regeny, a prominent electric vehicle (EV) charging solutions provider based in Dubai, United Arab Emirates (UAE). The collaboration is set to revolutionise the accessibility of EV charging infrastructure

Business Saudi Arabia

98% Of Saudi Consumers Seen In FMCG Purchasing Shift

News Desk 12/05/2024

Echoing A Broader Global Sentiment Consumer behaviour, a dynamic interplay of economic conditions, societal values, and individual priorities, is profoundly transforming in Saudi Arabia. This shift, revealed in NielsenIQ’s Consumer Outlook 2024 report, reveals a new consumer landscape in which preferences are recalibrated. Consumers increasingly gravitate towards

Appointments Business

Colm Mcloughlin Retires From Dubai Duty Free

Arnold Pinto 11/05/2024

After 41 Years At The Helm After a 55-year journey in the travel retail industry and an illustrious 41-year tenure at the helm of Dubai Duty Free, Colm McLoughlin, Executive Vice Chairman & CEO, has announced his retirement, effective May 31, 2024. McLoughlin, widely regarded as the driving force behind Dubai Duty Free’s ascension to […]

Business Events

BIE Conducts Its First Technical Visit To Saudi Arabia

Arnold Pinto 10/05/2024

In Connection With Expo 2030 Riyadh A Bureau International des Expositions (BIE) delegation, led by its Secretary General Dimitri S. Kerkentzes, has concluded the organisation’s inaugural technical visit to Riyadh. The visit was in connection with Saudi Arabia’s election as the host country of Expo 2030 Riyadh. The four-day visit was crucial in preparing for […]

Business Transport

Keolis Wins Lyon Metropolis Bus And Trolleybus Contract

Arnold Pinto 08/05/2024

Concession To Yield $290 Million Annually Keolis has been awarded the contract to operate and maintain the bus and trolleybus services in the Lyon metropolitan region in France, following notification from SYTRAL Mobilités. The contract, known as the concession contract or délégation de service public, will commence on January 1, 2025, and last six years. […]

Business Qatar

Qatar Economic Forum Set For May 14-16, 2024

News Desk 07/05/2024

Hosted By Media City Qatar And Bloomberg Media In a strategic collaboration, Media City Qatar (MCQ) and Bloomberg Media will host the fourth annual ‘Qatar Economic Forum, Powered by Bloomberg’ (QEF), slated to run from May 14 to 16, 2024. Themed ‘A World Remade: Navigating the Year of Uncertainty,’ the forum is poised to convene […]

Business Saudi Arabia

IBM To Invest $200 Million In Riyadh Software Lab

News Desk 07/05/2024

Investment Holds The Promise Of A Brighter Future IBM has announced plans to invest $200 million in a new software lab in Riyadh, the capital of Saudi Arabia. This strategic move underscores IBM’s commitment to expanding its investments in the Middle East region and supporting the goals outlined in Saudi Arabia’s Vision 2030. The state-of-the-art […]

Automotive Business Markets

Al Ghurair Motors Wins 3 Exeed Awards In China

Arnold Pinto 06/05/2024

UAE dealer leadership team pays exclusive visit to China Al Ghurair Motors, the exclusive UAE dealer of Exeed – the premium Chinese auto brand – proudly clinched three prestigious dealer awards at the 2024 Exeed International Dealer Annual Conference held in Wuhu, Anhui Province, China. Al Ghurair Motors, the automotive division of Dubai-based Al Ghurair […]

Business Corporate

Dubai’s Arena Group Acquires UK’s Showblock

Arnold Pinto 06/05/2024

Focus Is On Sustainable Event Solutions Dubai-headquartered Arena Group, a leader in the global event services industry, has completed its acquisition of Showblock, a specialist in sustainable temporary structures based in Warwickshire, UK. The acquisition of Showblock is a pivotal step in Arena Group’s ambitious expansion strategy following its recent Aztec Shaffer

Business

IBM: 42% Of Businesses In The UAE Embrace AI

Arnold Pinto 05/05/2024

AI Adoption Rises Exponentially IBM has unveiled the regional insights gleaned from two pivotal studies: Morning Consult’s 2023 Global AI Adoption Index and the biennial consumer study focused on the Middle East and Africa (MEA) conducted by the IBM Institute for Business Value. These studies, considered authoritative sources, offer a sweeping panorama of consumer