Business

HIMA records exceptional growth of incoming orders in 2022 with 12 per cent being from Middle East

News Desk 2 05/07/2023

July 5, 2023: The HIMA Group, a safety related automation solutions provider, recorded exceptional growth of incoming orders in 2022, witnessing an 18 per cent increase in incoming orders. The company expects further growth in 2023 through digitalization, internationalization, and expansion of

Business

SHUAA Capital Announces Sale of Prime Business Bay Land to Danube Properties for AED 190 Million

News Desk 2 05/07/2023

United Arab Emirates, 5 July 2023: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, announced that it has arranged, on behalf of its subsidiaries and other investors, the sale of a prime plot of land in Business Bay, Dubai to Danube Properties for a total sale price […]

Business

QNET commemorates its 25th anniversary milestone with a limited edition Bernhard H. Mayer watch

Middle East News 247 05/07/2023

Dubai, United Arab Emirates — Bernhard H. Mayer, QNET’s Swiss luxury brand, proudly celebrates 25 years of QNET with a unique, limited edition timepiece. The QNET 25th anniversary Collection is a timeless tribute to the company’s remarkable journey from its humble beginnings. This exclusive timepiece is meticulously crafted with precision and elegance; the watch

Business

Continental Investments LMD and Finance House Solidify Partnership

News Desk 2 05/07/2023

Abu Dhabi, UAE, 05 July 2023: A remarkable business collaboration is set to intensify between two leading entities, Continental Investments, a prominent branch of Egypt’s top-tier real estate developer, LMD Sabbour Group and Finance House, the UAE’s premier corporate financial services provider. Building on a successful alliance established in 2017, the partnership’s

Business

BEAT THE HEAT RESPONSIBLY WITH LG THINQ: SMART LIVING FOR A GREENER WORLD

Middle East News 247 05/07/2023

Dubai, United Arab Emirates — With the summer heat now a full blast on us, many of us will be spending most of our time indoors. However, leaving the air conditioning off can result in a warm and toasty room, while keeping it running all day is not environmentally responsible. LG Electronics (LG) offers a […]

Business

Private equity firm Berkeley Assets highlights key financial insights for the Middle East

News Desk 2 05/07/2023

DUBAI, July 2023: Berkeley Assets, a British private equity firm with over 15 years of experience, has revealed the latest financial insights for the Middle East’s investment sector.  Preservation and capital protection, diversification of investments into private markets and the digital transformation of businesses remain the three key trends driving financial growth

Business GCC UAE

A.P. Moller – Maersk strengthens its Logistics & Services in UAE with a new Cold Store facility at Dubai Industrial City

News Desk 2 05/07/2023

Dubai, 5 July 2023: A.P. Moller – Maersk (Maersk), the global integrated logistics company, has opened the doors to its third Warehousing & Distribution (W&D) facility in Dubai, UAE, which is also its first Cold Store in the country. Situated at Dubai Industrial City, a member of TECOM Group PJSC, Maersk’s Cold Store is strategically […]

Business

BKN301 elevates MENA’s fintech scene: Opens new office in Cairo

News Desk 2 05/07/2023

July 05, 2023 BKN301, one of the leading payment and Banking-as-a-Service providers in the MENA region, expanded its operations into Egypt with a new office in Cairo aimed at transforming the country’s financial markets. The new office has been launched to present the company’s advanced banking and digital payments solutions to the country. The latest […]

Business

Tally MSME Honours Recognise Extraordinary Achievements of Businesses, Entrepreneurs and Professionals

News Desk 2 04/07/2023

Dubai, UAE, 4 July 2023: The role of small and medium enterprises (SMEs) in the growth of UAE’s economy is significant. With SMEs and MSMEs constituting more than 94 percent of all businesses in the UAE, they form a significant portion of the workforce, accounting for 86 percent, and contribute over 60 percent to the […]

Business

WSO2 Launches Startup Program to ‘Accelerate Journeys to Success’ for App Entrepreneurs

News Desk 2 04/07/2023

Dubai, United Arab Emirates – July, 2023 – WSO2, the leader in digital transformation technology, announced WSO2 for Startups, a bold program for empowering new app-building businesses across the world, including those in the Middle East and Africa, to accelerate their journeys to success. Targeted at early-stage startups building mobile or web apps for consumers,

Business

AllianceBernstein expands presence in the Middle East with new office in Dubai International Financial Centre

News Desk 2 04/07/2023

Dubai, UAE; 4 July 2023: AllianceBernstein L.P. (AB), a leading global investment firm with nearly USD700 bn in assets under management, today announced that it has been granted a Category 4 Licence from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in or from Dubai International Financial Centre (DIFC). AB […]

Business

NOMU Group Raises $5 Million in Seed Round Funding to Transform MENA’s Food-Tech Supply Chain

News Desk 2 04/07/2023

Riyadh, Kingdom of Saudi Arabia, July 2023: NOMU, the innovative food-tech supply chain platform set to revolutionise the food and beverage industry in the MENA region, has announced the successful closure of its first round of financing after the merger and establishment of Nomu Group. The seed round raised $5 million from leading investors, including DIV […]

Business

AGDA and Masdar forge a strategic partnership to advance research and collaboration

News Desk 2 03/07/2023

Abu Dhabi, July 3, 2023: Anwar Gargash Diplomatic Academy (AGDA) and Abu Dhabi Future Energy Company PJSC – Masdar signed a Memorandum of Understanding (MoU) to strengthen their partnership and collaborate on various initiatives – through Masdar’s youth-focused platform (Y4S) – including the undertaking of joint research projects and establishing exchange

Business

UBF, the strategic partner of IDC Conference, says digital shift is consolidating UAE’s Banking industry leadership

News Desk 2 03/07/2023

UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, has reiterated its commitment to accelerating digital transformation and capitalising on modern technologies to provide easy-to-use banking services in a safe environment. This is in line with the directives of Central Bank of the UAE, which has adopted a comprehensive digital

Business

ARRIZO 8 Redefines Luxury and Technology

Middle East News 247 03/07/2023

Dubai, United Arab Emirates — Cars are considered more than just a means of transportation for the new generation; they have become understanding companions. Chery’s flagship sedan, the ARRIZO 8, stands out in the commercial market with its top-notch design, features, and luxurious style. Packed with advanced technology and innovative capabilities, it has created

Business

Fivescore Labs – The Region’s First Homegrown Longevity Consumer Brand Launches in the UAE

News Desk 2 03/07/2023

July 3rd, 2023 [Dubai, UAE] – Fivescore Labs, the first homegrown longevity consumer brand in the region has launched in the UAE. Co-founded by McGill and Harvard-trained scientists, the company aims to help lead the consumer longevity revolution across the Middle East. The pioneering concept is aimed at raising awareness and serving consumers with

Business GCC Saudi Arabia

HKSTP and eWTP Arabia Capital Jointly Welcome Saudi Delegation to Boost I&T Collaboration between Hong Kong SAR and The Kingdom of Saudi Arabia

Middle East News 247 03/07/2023

HONG KONG — Hong Kong Science and Technology Parks Corporation (HKSTP) and Saudi focused investment institution eWTP Arabia Capital (eWTPA), today co-hosted the “One Gateway Shared Vision – Hong Kong Special Administrative Region x Kingdom of Saudi Arabia” event to welcome the Saudi Minister of Communications and Information Technology (MCIT) and his delegation to

Business

SESTEK and ccc Sign MoU to Improve Performance of Call Centers With AI

Middle East News 247 03/07/2023

DUBAI, United Arab Emirates — SESTEK, a leading conversational automation company specialising in AI-powered solutions for customer service, and ccc, a prominent Business Processing Outsourcing (BPO) industry leader, have signed a Memorandum of Understanding (MoU) to collaborate on developing speech analytics, voice recognition, and voice AI. The strategic partnership is

Business

Goodbye gray, welcome colors

News Desk 2 03/07/2023

As of today, FIAT stops producing gray cars. The decision was made to enhance the importance of colors in life, embodying the Italian way of living and reaffirming the Brand’s New Dolce Vita value.  Italy is indeed related to bright colors such as the Sea of Italy, the Sun of Italy, the Earth of Italy and the […]

Business

GMG to bring JD Sports

News Desk 2 03/07/2023

3 July 2023 – GMG, a global well-being company operating leading brands across sport, everyday goods, health and beauty, properties, and logistics sectors, and JD Sports Fashion Plc (‘JD’ or ‘JD Sports’), the leading global sports fashion retailer today announced the signing of JD’s first franchise agreement. With the signing, GMG has set the stage […]