Business

Global Wealth Conference partnership Drives Economic Growth with new $5 Billion MENA- Focused Megafund

News Desk 2 19/06/2023

Abu Dhabi, UAE, June 2023 – The Global Wealth Conference (GWC) organized by the Sovereign Wealth Fund Institute (SWFI) last week in London has emerged as a pivotal driver of investment evolution in the MENA region. Taking center stage was the announcement of a new $5 billion

Business Tech

HyperPay wins ‘Best Enterprise Solution’ award

News Desk 2 19/06/2023

HyperPay, one of the leading payment gateway providers in the MENA region, was awarded the prestigious ‘Best Enterprise Solution’ award by the Entrepreneur Middle East at the Leaders in Fintech Awards 2023, for its innovative fintech solutions that offer unified and seamless customer experiences. The recognition highlights HyperPay’s unwavering commitment to innovation and

Business

InstaShop Acquires B2B E-commerce GroCart to Enhance Online Marketplace

News Desk 2 19/06/2023

19th June Dubai – InstaShop, the leading online marketplace for supermarkets, pharmacies, pet shops and other businesses in the Middle East, announces its acquisition of  GroCart, a B2B wholesale marketplace service known for its exceptional customer experience and wide product selection. GroCart streamlines retail supply chain logistics for FMCG retailers

Business

Emarat Unveils ‘Emarat Millionaire’ Campaign through EmCan loyalty app

Middle East News 247 19/06/2023

Dubai, United Arab Emirates — Emirates General Petroleum Corporation unveiled the ‘Emarat Millionaire’ campaign, powered by EmCan, Emarat’s loyalty app, offering customers a chance to win AED 1 million. Customers who spend AED 35 or more on non-fuel products at Emarat stations can enter a digital raffle. Scanning the QR code on the EmCan app […]

Business GCC NEWS DESK UAE

Sheikh Hamdan sets out plan to make Dubai a global leader

Dan Ngiam 16/06/2023

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has announced the latest stage of an ambitious strategy aimed at helping the emirate “surpass the world’s leading cities”. Sheikh Hamdan said the third phase of the Dubai 10X initiative would be crucial in its long-term goal to “lead the world in government services”. He laid out the bold blueprint for […]

Business Finance GCC NEWS DESK Tech UAE

Life savings vanish: UAE and Middle East residents scammed in ‘like-and-earn’ scheme

Dan Ngiam 16/06/2023

After losing his job as a cleaner in Dubai, Godfrey Mugunga, 33, found himself at the crossroads. With his back against the wall, the Rwandan took a leap of faith and entrusted his entire US$2,500 (Dh9,175) savings to Sky Media, an ‘earning app’ that promised a way out. The offer seemed straightforward: Watch a YouTube […]

Business

ME BY MELIÁ Partners with Inloco Initiative to Host Exclusive Art Exhibition

News Desk 2 16/06/2023

Dubai, UAE, June 2023 – ME BY MELIÁ, the unique personality-led design hotel, is proud to reveal a fresh collaboration with the Inloco Initiative, an esteemed project renowned for its transformative contemporary art. This joint venture is set to stage an exciting new artistic voyage within the hotel’s elegantly designed space. Inloco Initiative’s unique

Business GCC UAE

YAS ISLAND, ABU DHABI MESMERIZED BY IIFA 2023!

Middle East News 247 15/06/2023

Abu Dhabi, United Arab Emirates — Yas Island in Abu Dhabi was on fire with an extraordinary display of glitz, glamour, and pulsating energy as the 2023 Sobha IIFA Weekend got underway. There was an unprecedented turnout of celebrities ready to bring the magic of the 23rd edition of IIFA alive with performances and attendance […]

Business Finance NEWS DESK

Loans stay affordable, no price hike as US Fed hits ‘pause’ on rate hike

Dan Ngiam 15/06/2023

UAE consumers and businesses have got a break from paying extra on their loans with the US Federal Reserve not raising the interest at its meeting today (June 14). This puts a pause on rate hikes after 10 increases since March 2022 – and which have been matched by the UAE Central Bank given the […]

Business

FAMCO Launches the First-ever Heavy-duty Electric Truck Range in the Middle East by Volvo

Middle East News 247 15/06/2023

DUBAI, United Arab Emirates — FAMCO proudly announced the launch of the first-ever heavy-duty electric truck in the Middle East, solidifying their position as pioneers in the market and their commitment to sustainable solutions in transportation. This groundbreaking achievement by FAMCO represents a significant stride towards reducing transportation-related emissions to

Business Finance GCC NEWS DESK UAE

Avoid fines: Deadline extended for UAE mandatory job loss insurance

Dan Ngiam 15/06/2023

The Ministry of Human Resources and Emiratisation (MohRE) has extended the deadline for imposing fines on non- subscribers to the Unemployment Insurance Scheme from July 1 to October 1. According to the ministry, employees have to mandatorily subscribe to the scheme, and failure to do so will result in a Dh400 fine. It is mandatory that […]

Business

WEALTH FUNDS LIKELY TO INCREASE AFRICA INVESTMENTS

News Desk 2 15/06/2023

Dubai, United Arab Emirates – 15 June, 2023:  Sovereign investors from the UAE and wider GCC bloc are likely to ramp up investments across African countries, building on a 50 percent jump in capital flows from the Middle East over the past five years, say experts. Agriculture, energy and infrastructure are sectors likely to benefit from […]

Business

MENA Leisure and Amusement industry’s accelerating its march towards net zero

Middle East News 247 15/06/2023

Dubai, United Arab Emirates — In their march towards net zero government entities, policymakers and private institutions across the MENA region are putting in concerted efforts to build a robust sustainability roadmap. It is crucial to note that tourism-related activities account for approximately 8% of global carbon emissions, therein necessitating focused attention

Business GCC Saudi Arabia

Saudi Fund for Development Signs Two Development Loan Agreements Worth $150 Million in Guyana

Middle East News 247 15/06/2023

Georgetown, Guyana — In implementation of the directives of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, and HRH Crown Prince and Prime Minister, Mohammed bin Salman; and in the presence of H.E. President of the Co-operative Republic of Guyana, Dr. Mohamed Irfaan Ali; the Saudi Fund for Development (SFD) Chief Executive […]

Business GCC Saudi Arabia

Saudi Fund for Development Chairman Signs Three Loan Agreements with Small Island Developing States Worth $61 Million

Middle East News 247 15/06/2023

Riyadh, Saudi Arabia — In implementation of the directives of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, and HRH Crown Prince and Prime Minister, Mohammed bin Salman; the Saudi Fund for Development (SFD) Board of Directors Chairman, H.E. Ahmed Al Khateeb, recently signed three development loan agreements worth $61 million with […]

Business

Thumbay Institute/College of Artificial Intelligence & Technology in Healthcare launched at GMU

Middle East News 247 15/06/2023

Ajman, United Arab Emirates — The newly launched Thumbay Institute/college at Gulf Medical University marks a revolutionary milestone as it becomes the first-of-its kind in the Middle East to specialize adoption of artificial intelligence to transform the medical education landscape, thus opening new avenues for research, education, healthcare delivery, innovation, and

Business

DMS Joins Forces with Footballco, Pioneering Innovative Football Content Solutions in MENA

Middle East News 247 14/06/2023

Dubai, United Arab Emirates — Digital Media Services (DMS), the digital arm of Choueiri Group has been appointed as the Exclusive Media Representatives for global football content and media business, Footballco which is home to the two most popular digital football media brands in MENA, Kooora and GOAL. DMS, alongside Footballco’s Dubai-based commercial team, will […]

Business

Ministry of Economy & Amazon Web Services to support digitization & growth of SMEs in UAE

News Desk 2 14/06/2023

Abu Dhabi, 14 June 2023:  The Ministry of Economy, represented by The Entrepreneurial Nation, and Amazon Web Services launched the AWS Connected Community initiative to support the digitization of SMEs in the UAE. The initiative is based on the latest cloud computing solutions and products, taking advantage of more than 200 services of the Amazon […]

Business

Sanofi signs MoU with The First Women’s Charity Association “Al Oula”

News Desk 2 14/06/2023

Jeddah, KSA, 14 June, 2023: Reinforcing its commitment to shaping a better quality of life for people and communities around the Gulf region, Sanofi has signed a Memorandum of Understanding (MoU) with Al Oula, the first charitable organization established in Saudi Arabia, to support vulnerable communities in the Kingdom. The MoU comes in line with […]

Business

Tally Solutions launches TallyPrime 3.0 to help SMEs fast-track their growth

News Desk 2 14/06/2023

Dubai, United Arab Emirates, 14 June 2023: Tally Solutions, a leading business management software provider, has announced the launch of TallyPrime 3.0. aimed at making compliance simpler and more efficient. This new release includes several powerful capabilities and enhancements which will have a significant impact on the daily operations of small and medium-sized