Business Aviation GCC UAE

Dubai Aerospace Enterprise (DAE) H1 2023 revenue up 15%

Arnold Pinto 03/08/2023

Dubai Aerospace Enterprise (DAE) has reported that its revenue has increased by 15%; while profit before tax increased by 13% for the six months ended June 30, 2023. The Dubai headquartered aviation services corporation disclosed its latest financial results on August 2, 2023. Firoz

Business

Airalo, World’s Largest eSIM Marketplace, Raises $60 Million in Series B Financing

Middle East News 247 02/08/2023

Airalo, the pioneering eSIM marketplace revolutionizing global connectivity, announced today the successful completion of its Series B financing round, raising an impressive $60 million. Led by e& capital, the investment arm of e&, the global technology group, this brings Airalo’s total funding to $67.3 million. Antler Elevate, Liberty Global, Orange,

Business

Student enrolments in the GCC to grow by 1.1 million in the next five years, says Alpen Capital

News Desk 02/08/2023

Dubai – August 2nd 2023: Alpen Capital’s latest education industry report projects the total number of students in the GCC to increase by 1.1 million and reach 14.2 million by 2027. During the forecast period, K-12 enrolments in the region are expected to grow at a CAGR of 1.5% to reach 11.7 million by 2027. […]

Business

Middle East Region Champions Healthy Buildings, Leads 24-Fold Increase in WELL Adoption

Middle East News 247 02/08/2023

The Middle East region is leading the charge in driving growth and adoption of the WELL Building Standard (WELL) globally with a 24-fold increase in WELL adoption over the last 19 months, a feat announced today by the International WELL Building Institute (IWBI), the global authority for driving market transformation toward healthy buildings, organizations and […]

Business NEWS DESK

The new McLaren 750S Spectrum Theme by MSO

News Desk 02/08/2023

McLaren Automotive announces that the Spectrum Theme – a stunning new multi-tone paint finish developed and applied by world-class paint technicians at McLaren Special Operations (MSO), McLaren’s in-house bespoke personalisation service – will be offered exclusively on the new 750S, McLaren’s lightest and most powerful series-production supercar. Perfecting the Spectrum

Business

RAK Ceramics publishes its Environmental, Social and Governance report for 2022

News Desk 02/08/2023

Ras Al Khaimah, United Arab Emirates, August 2023: RAK Ceramics published its Environmental, Social and Governance (ESG) report for the year 2022, documenting the company’s achievements in the realm of sustainability and social responsibility. This comprehensive report presents the outcomes of the set objectives for the year and outlines the aspirations and goals for the

Business GCC UAE

H.E. Bin Touq: UAE’s GDP records 3.8 per cent growth

News Desk 02/08/2023

H.E. Abdullah bin Touq Al Marri, Minister of Economy, explained that the preliminary estimates of the UAE’s GDP growth at constant prices in the first quarter (Q1) of the year 2023, issued by the Federal Center for Competitiveness and Statistics, confirm the strength of the national economy. Most sectors and economic activities that serve as […]

Business

Menlo Security™ Redefines Browser Security with Industry-First AI-Powered Phishing and Ransomware Protection

Middle East News 247 02/08/2023

MOUNTAIN VIEW, Calif. — Menlo Security, Inc. (“Menlo Security”), a leader in browser security, today announced HEAT Shield™ and HEAT Visibility™, the industry’s first suite of threat prevention capabilities designed to detect and block highly evasive threats targeting users via the web browser. Menlo Security HEAT Shield™ detects and blocks phishing attacks before they can

Business

Hamad International Airport Records Over 33.5% Increase in Passenger Traffic During First Half of 2023

News Desk 31/07/2023

31 July 2023 Doha, Qatar: Hamad International Airport (DOH) continues its impressive growth in passenger traffic as it records promising numbers in the first half of 2023. The award-winning airport has witnessed an influx of travelers flying to and from Doha with a recorded 33.5% increase in passenger traffic and 18.1% increase in aircraft movements […]

Tech Business

OPPO Reno10 Pro+ 5G Sets a New Benchmark for Professional Smartphone Portrait Photography

News Desk 31/07/2023

Dubai, UAE, 31 July 2023 – As photo and video content has transformed the way we communicate with each other, today’s smartphone users expect more out of the camera on their phones. In response to this, smartphone brands including OPPO have been going all out to create camera systems capable of capturing clear, high-quality, and […]

Tech Business

Samsung announces pre-orders for Galaxy Z Flip5 and Galaxy Z Fold5 in the UAE

News Desk 31/07/2023

Dubai, UAE – July 31, 2023 – Samsung Gulf Electronics has announced that the new Galaxy foldables – Galaxy Z Flip5 and Galaxy Z Fold5, are now available for pre-order for customers across the UAE until August 10, 2023. The new foldables offer unique experiences with sleek and compact designs, countless customization options, and powerful […]

Business NEWS DESK Tech

The ballooning threat of cybercrime in Africa: How AI is changing the game

News Editor 2 31/07/2023

In today’s rapidly advancing technological landscape, Africa-based SMEs and organizations are increasingly finding themselves standing at a critical digital crossroads. Despite the region’s relentless pursuit of growth and adoption of cutting-edge technologies, most of these enterprises have inadvertently exposed their vulnerable underbelly to the ever-evolving

Business NEWS DESK

Hitachi Energy selected for multi-project agreement

News Desk 31/07/2023

Dubai, July 31, 2023 – Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, has been selected by SSEN Transmission, part of the UK energy giant SSE plc, to supply multiple onshore high-voltage direct current (HVDC) converter stations to accelerate the integration of bulk renewables into the UK power […]

Business GCC UAE

Dubai-incubated FinalRentals adds Jordan as part of Middle East expansion

News Desk 29/07/2023

Dubai, July 29: Leading global car rental firm and the Dubai-incubated Finalrentals added Jordan this week to its atlas of world-class destinations for providing transport services to locals and tourists. Jordan became the company’s 32nd country where FinalRentals will now have a presence, after the fastest growing car rental network reached the shores of Greece […]

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 truly market-leading end-to-end data platform to serve mission-critical air […]

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 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 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 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 […]