Business NEWS DESK

Eurovets showcases its product range at ADIHEX 2023

News Desk 1 10/09/2023 0

The company specialises in veterinary and animal health products September 10, 2023: Eurovets, a leading animal care equipment and supplies distributor in the UAE, participated in ADIHEX 2023 (Abu Dhabi International Hunting and Equestrian Exhibition) held in Abu Dhabi, UAE, from September 2-8,

Health Business GCC Lifestyle UAE

Medlab Middle East returns to Dubai City in 2024

Arnold Pinto 09/09/2023 0

2024 edition will feature a new Next Gen Medicine fixture Informa Markets will host the 2024 in-person edition of Medlab Middle East from February 5-8, 2024, at the Dubai World Trade Centre in Dubai City. A digital show is also scheduled for January 22-February 22, 2024. Poised to be the MENA region’s most prominent medical […]

Logistics Business GCC UAE

UK-based Zencargo to use UAE base for MENA expansion

Arnold Pinto 09/09/2023 0

Digital logistics provider joins UAE’s NextGen FDI programme Zencargo, a leading UK-based digital first freight forwarder and logistics provider, has launched its commercial operations in the UAE to scale up its MENA footprint. Founded in London in 2017 by Alex Hersham and Richard Fattal, Zencargo uses proprietary software to provide clients with an overview of […]

Aviation Business

Air France-KLM Group and Etihad Airways reinforce their partnership

Arnold Pinto 08/09/2023 0

3 airlines’ frequent flyers can now jointly earn and redeem miles Air France-KLM Group and Etihad Airways have signed a new Memorandum of Understanding (MoU) to increase collaboration for passenger operations, loyalty programmes, talent development, and maintenance. The MoU’s signing ceremony was held at the Air France-KLM Group’s headquarters in Paris, France, on

Business Events

Ruler of Ras Al Khaimah inaugurates Motherson production plant

Arnold Pinto 08/09/2023 0

The new facility makes wiring harnesses for commercial vehicles and special-purpose vehicles His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, formally inaugurated the Motherson Group’s wiring harness production facility at Ras Al Khaimah Economic Zone (RAKEZ) on September 7, 2023. Employing about 500 people, the […]

Business Tech

First batch of DIFC Metaverse Accelerator Programme graduates

Arnold Pinto 07/09/2023 0

Programme received 160+ entries from UAE, UK, US, India, France The first batch of 10 Middle Eastern and global startups has graduated from the DIFC Metaverse Accelerator Programme of Dubai International Financial Centre (DIFC) after undergoing a three-month-long series of boot camp workshops that began on June 5, 2023. The programme received 160+ entries from […]

Oil & Gas Business

Gastech Singapore 2023 backs a unified approach to net zero

Arnold Pinto 06/09/2023 0

The global energy sector’s challenges undergo scrutiny Ministers, CEOs, and international business leaders have committed to unified industry action towards net zero on the opening day of Gastech 2023 in Singapore. Gastech 2023, the world’s most significant meeting place for natural gas, LNG, hydrogen, low-carbon solutions, and climate technologies, opened at

Cybersecurity Business GCC UAE

Check Point launches security platform for UAE enterprises

Arnold Pinto 06/09/2023 0

Infinity Portal secures businesses’ security infrastructure San Carlos, California-headquartered Check Point Software Technologies, a leading provider of cybersecurity solutions to governments and corporate enterprises globally, has launched Check Point Infinity Portal – its advanced cloud-based platform – exclusively for UAE-based corporate enterprises.

Logistics Business GCC Saudi Arabia

‘Landmarks In Logistics KSA Summit 2023’ set for Jeddah City

Arnold Pinto 04/09/2023 0

Inaugural event focuses on the Middle East logistics sector The inaugural edition of ‘Landmarks In Logistics KSA Summit 2023’ is set to be held at the InterContinental Jeddah on September 6, 2023, as Saudi Arabia moves into pole position as a global logistics and supply chain hub spearheaded by its excellent rail, air, sea, and […]

Business Corporate

Gordon Brothers’ acquisition of Telefunken will boost the brand’s growth

Arnold Pinto 04/09/2023 0

Licensee partnership to be expanded internationally Gordon Brothers, the global advisory and investment firm, has acquired the global consumer electronics brand Telefunken. Based in Frankfurt, Germany, Telefunken is one of the leading names in the electronics sector with a diverse portfolio of products ranging from video, e-mobility, domestic appliances and audio.

Real Estate Business

Penthouse.ae sets AED44 million record with Palm Jumeirah unit sale

Arnold Pinto 03/09/2023 0

Russian investor buys iconic three-bedroom duplex apartment Penthouse.ae, the Dubai-based real estate agency serving Ultra High Net Worth Individuals (UHNWIs), has set a sales record for the highest price per square foot for a residential unit on the tree-shaped Palm Jumeirah island in Dubai City. A first-time Russian investor acquired the spectacular three-bedroom duplex

Markets Business

Arab nations urged to align their economies on global trends

Arnold Pinto 02/09/2023 0

Ministers of economy meet at Arab League HQ in Cairo The UAE has called for reformulating Arab economies policies and programmes to align with global trends. This was the message of Abdullah bin Touq Al Marri, UAE Minister of Economy when he addressed the 112th session of the Economic and Social Council of the Arab […]

Shopping Business GCC UAE

49% of UAE residents use e-commerce apps to shop online

Arnold Pinto 01/09/2023 0

Latest YouGov survey reveals mobile-centric revolution in progress According to the latest YouGov survey of retail shopping trends in the UAE, 49% of UAE-based shoppers use e-commerce apps as their preferred online shopping option. The study also confirms that 40% of UAE-based residents rely on social media e-shops, 36% prefer web browsers on smartphones, and […]

Finance Business

Zurich Insurance and DIFC Innovation Hub partner to empower insurtech start-up ecosystem in the Middle East

Arnold Pinto 31/08/2023 0

New collaboration encompasses FinTech Accelerator Programme in DIFC Zurich Insurance Group (Zurich) – the Switzerland-headquartered global multi-line insurer – has entered a strategic alliance with DIFC Innovation Hub, the top-rated fintech and innovation ecosystem in the Middle East region, to empower the latter’s FinTech Accelerator Programme. The FinTech

Business Tech

Why should businesses stand up for IP address ownership?

Arnold Pinto 30/08/2023 0

Number Resource Society (NRS), the Casablanca, Morocco-based non-profit organisation that focuses attention on the complexities of IP address ownership, is urging business owners globally, especially in the Middle East and Arabian Gulf region, to take a stand on the rights and control of their IP addresses. An Internet Protocol (IP) address is the unique identifying

Business Aviation

AviLease to buy Standard Chartered aviation finance leasing business

Arnold Pinto 29/08/2023 0

AviLease Aircraft Leasing Company, the Riyadh-headquartered aviation financing and leasing company, has agreed to acquire the global aviation finance and leasing business of Standard Chartered, which includes Dublin-based Pembroke Group, in a transaction worth AED13.24 billion ($3.6 billion). The Saudi aircraft lessor arranged AED7.7 billion ($2.1 billion) of competitive

Finance Business

e& capital grants AED18.4 million to Maxbyte Technologies

Arnold Pinto 28/08/2023 0

e& capital, an Abu Dhabi-based venture capital company, is leading an AED18.4 million Series A financing round of Maxbyte Technologies, an integrated digital and robotics solutions innovator, to strengthen the company’s market expansion and product development. Headquartered in Coimbatore, India, with an office in Sharjah, UAE, Maxbyte Technologies is an

Tech Business

Mastercard and Qashio in new push to digitise business payments in the MENA region

Arnold Pinto 28/08/2023 0

Mastercard, a global payments provider, has partnered with Qashio, a UAE-based fintech company, to launch virtual credit cards for SMEs and other businesses in the Middle East and North Africa (MENA) region, beginning with the UAE. The partnership seeks to make expense management cashless, transparent, and flexible for SMEs and other businesses in the MENA […]

Fashion Business GCC Lifestyle UAE

Tom Ford Fashion boutique reopens in the Dubai Mall

Arnold Pinto 28/08/2023 0

Ermenegildo Zegna Group, the authorised licensee of the Tom Ford Fashion brand, has relaunched the Tom Ford Fashion boutique in Dubai Mall, Dubai City. Reopened in partnership with UAE-headquartered Chalhoub Group, a regional retail luxury goods and jewellery holding, the newly renovated boutique is in Fashion Avenue in the world’s biggest mall and showcases the […]

Business Logistics

DP World confirms AED1.8 billion for mega-container terminal in India

Arnold Pinto 28/08/2023 0

DP World, a leading global transportation, logistics, supply chain, storage, and technology provider, will invest AED1.8 billion to develop a new mega-container terminal at Tuna-Tekra in Gujarat, India. Dubai-based DP World signed a Build-Operate-Transfer (BOT) agreement to this effect with the Gujarat-headquartered Deendayal Port Authority to develop, operate and maintain