Business

OAG Acquires Infare and Receives New Investment from Vitruvian Partners

Middle East News 247 29/07/2023

OAG, the world’s leading data platform for the global travel industry, has acquired Infare, the leading provider of competitor air travel data, from Ventiga Capital in a deal valuing the combined entity at over US$500m. Together, OAG and Infare have an exciting journey ahead to leverage a

Business

Perú Moda Deco 2023 opens its doors to promote a more sustainable industry

Middle East News 247 28/07/2023

Perú Moda Deco celebrates its 25th anniversary with a special edition on October 19 and 20, 2023, titled In harmony with the world. Since its launch, Peru’s leading apparel and decoration business event has served as an exceptional platform to showcase to the world the best exports of this Peruvian industry, including cotton and alpaca clothing, […]

Food & Beverage Business

“EU ORGANIC DEAL Promotes Sustainable European Organic Products in UK and UAE Market

News Desk 2 28/07/2023

Dubai UAE 28 July 2023: The EU financed campaign “EU ORGANIC DEAL” seeks to raise awareness and promote the unique qualities and advantages of European organic products from Bulgaria, Romania, and Greece to consumers in the United Kingdom and the United Arab Emirates. People will have the opportunity to experience a variety of organic products, […]

Business GCC UAE

IDP Education officially inaugurates its new regional and Dubai offices in Tecom

News Desk 2 28/07/2023

Dubai, UAE, 28th July 2023: IDP Education, a leading international education services provider, officially inaugurated its combined regional and Dubai offices in Tecom. The new office, located at ‘The One Tower,’ was inaugurated by H.E. Heidi Venamore, Australian Ambassador to the UAE, and Tennealle O’Shannessy, Chief Executive Officer & Managing

Business

Gradiant Partners with SpaceAge Labs to Drive Digital AI Solutions Across Total Water Infrastructure

Middle East News 247 27/07/2023

SINGAPORE — Gradiant, a global solutions provider for advanced water and wastewater treatment, today announced a global partnership with SpaceAge Labs (SAL), a Singapore-headquartered digital technology company focused on water and wastewater distribution systems. By leveraging SAL’s core expertise in water distribution networks and assets, the collaboration

Business Real Estate

Union Properties reports net profit of AED 5.4 million in the second Quarter of 2023 driven by continued growth in Dubai’s Real Estate Market

News Desk 2 27/07/2023

Dubai, UAE, July 27, 2023, Union Properties PJSC (“Union Properties” or the “Company”) (DFM symbol: UPP) announced an exceptional net profit of AED 17.7 million for the period ended 30th of June 2023 compared to a net loss of AED 12.2 million during the comparable period from the previous year. In addition, the Group’s Subsidiaries […]

Logistics Business

The Future of Logistics: How AI Will Change the Way We Move Goods

News Desk 2 27/07/2023

The logistics industry is undergoing a significant transformation thanks to the rise of artificial intelligence (AI). Businesses are already leveraging AI to improve logistics operations’ efficiency, accuracy, and transparency. The UAE has emerged as a crucial economic hub in the Middle East, with Dubai standing out as a key player. Hosting the region’s largest

Business NEWS DESK

e& universe becomes first metaverse in the region to launch unique zones for virtual personalised home, sports, concerts & more

News Desk 2 26/07/2023

Abu Dhabi, 26 July 2023: e& today announced the launch of ‘e& universe’, the first metaverse in the region that is set to captivate audiences with phenomenal experiences, taking visitors on a virtual journey exploring with unique avatars and exclusive zones, bringing a new reality to connecting and interacting in the metaverse. This extraordinary platform,

Business

Juma Al Majid Est. Marks Exceptional Growth of 37% in H1 2023 Across Hyundai, Genesis in UAE

News Desk 2 26/07/2023

UAE, 26 July 2023: Juma Al Majid Est., the exclusive distributor of Hyundai and Genesis in the UAE, powers into the spotlight with an unprecedented surge of 37% growth in the first half of 2023. The UAE market has witnessed sustained innovation from Hyundai and Genesis, as their cutting-edge technology and unwavering commitment to customer […]

Business

IDE Technologies Secures Contract with CleanEdge Water to Design, Build New Wastewater Treatment Plant in India

Middle East News 247 26/07/2023

KADIMA, Israel — IDE Technologies, a leading global provider of water treatment solutions, is pleased to announce that CleanEdge Water Pte Ltd. awarded IDE a contract to deliver a state-of-the-art wastewater treatment plant (WWTP) for a mining industry application in India. CleanEdge Water is a Singapore-based integrated industrial wastewater solutions provider for C&I

Business

NMDC Group doubles first half net profit to 881 million dirhams

News Desk 2 26/07/2023

Abu Dhabi, United Arab Emirates, 26 July 2023: National Marine Dredging Group (ADX: NMDC), one of the world’s leading Engineering, Procurement, Construction (EPC) and marine dredging groups,” has announced a significant surge in its net profit during the first half of 2023, reaching AED 881 million. This remarkable achievement reflects the success of the Group’s […]

Business

Hevolution Foundation Announces New Contribution to Impetus Grants to Advance Aging Science

Middle East News 247 26/07/2023

RIYADH, Saudi Arabia — Hevolution Foundation, a global non-profit organization that provides grants and early-stage investments to incentivize research and entrepreneurship in healthspan science, announces that it is providing $5 Million in matching funding to Impetus Grants, a non-profit science funding organization focused on longevity research. The

Business

Peru implements Sustainable Culture strategy in the export sector

Middle East News 247 26/07/2023

LIMA, Peru — Peru, home to a wide variety of unique ecosystems and species, is continuing along the path to sustainability. It is committing to sharing with the world products that reflect its biodiversity and that help to improve the quality of life of those involved in its production chains. That is PROMPERÚ’s vision of […]

Business

Lynk Demonstrates First-Ever Two-Way Standard Phone Voice Calls by Satellite

Middle East News 247 25/07/2023

FALLS CHURCH, Va. — Lynk Global, Inc., the world’s leading sat2phone telecoms provider, today released the first-ever video of a series of two-way voice calls between standard-mobile-phones connected via satellite. The video shows multiple voice calls using standard mobile phones connected via Lynk’s existing satellite-cell-towers in orbit. Charles Miller, CEO

Business

BaroPace Receives Approval for First-in-Human Clinical Trial

Middle East News 247 25/07/2023

SAMMAMISH, Wash. — BaroPace, Inc., a medical technology company dedicated to using blood pressure to regulate pacemakers for patients with heart failure with preserved ejection fraction and hypertension, announced today that it has received approval from the Central Drugs Standard Control Organisation (CDSCO) of India to conduct its clinical trial RelieveHFpEF-II in India.

Business

LG ELECTRONICS AND DMCC COLLABORATE FOR ALMAS TOWER VIDEO WALL DIGITALIZATION

Middle East News 247 25/07/2023

Dubai, United Arab Emirates — LG Electronics (LG) recently completed the installation of its state-of-the-art video walls at the Almas Tower in Dubai. The milestone collaboration between LG and DMCC is a testament towards LG’s commitment to transforming the digital signage landscape while enhancing visitor experience at the skyscraper. The video walls installed at

Business

China Trading Desk Launches Comprehensive China Travel Dashboard Amid Rising Outbound Travel

Middle East News 247 25/07/2023

SINGAPORE — China Trading Desk, a premier provider of marketing and advertising solutions for the Chinese market, is proud to announce the release of our game-changing tool – the China Travel Dashboard. Built to provide unparalleled insights into the evolving attitudes, expectations, and behaviours of outbound travellers from China, this dashboard is born out of […]

Business

ABCC celebrates 71 years of excellence in reinforcing Arab-Brazilian bilateral ties

News Desk 2 25/07/2023

25 July 2023- The Arab Brazilian Chamber of Commerce (ABCC) celebrated its 71st anniversary, marking decades of unparalleled dedication to foster economic, social, and cultural ties between Brazil and the Arab world. The Chamber, established in 1952 and standing as a testament to the visionary spirit of Arab immigrants and their descendants, continues to play […]

Business

The Family Office Unveils Its New Fintech Lab For Unmatched Digital Investment Experience

News Desk 2 24/07/2023

The Family Office, the leading wealth manager in the GCC, is delighted to announce the launch of its new Fintech Lab at its Bahrain headquarters, further solidifying the company’s commitment to delivering unmatched digital investment products and experiences for its clients. Driven by an unwavering pursuit of innovation, The Family Office has consistently pushed the […]

Business

Kyndryl and Monstarlab Partner to Fuel Customer Innovation

News Desk 2 24/07/2023

RIYADH & DUBAI, July 24 2023 – Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, and Monstarlab, a global leader in digital transformation and innovation consulting, today announced a strategic collaboration to support customers in the Middle East to achieve their digital strategy goals and accelerate the region’s transformation into a