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Business

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Business Tech

Google rakes in $237.8 billion ad revenue in 2023

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

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

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 […]
Business

Spanish ceramic tile sector banks on Middle East demand

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 Tech

GenAI technology is gaining traction among enterprises

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 Space UAE

NWTN becomes the official mobility partner of MBRSC

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 […]
Business UAE

American Trading International expands Middle East reach

Bragg products are being showcased at Gulfood 2024 American Trading International (ATI), a full-service US exporter and a premier source of American food and beverages since 1995, has announced its strategic expansion into the Middle East markets, reinforcing its commitment to meeting the increasing demand for health-oriented products in the region. Headquartered in
Business GCC UAE

How to navigate the job market in Dubai in 8 ways

Check out this comprehensive job-hunting guide Dubai, known for its towering skyline, vibrant culture, and thriving economy, has become a magnet for job seekers from around the globe. As the city grows and diversifies its industries, the demand for skilled professionals remains high. Navigating the job market in Dubai can be rewarding if approached strategically. […]