Business

CHALHOUB GROUP REVEALS THE FINDINGS OF THE MOST EXTENSIVE BEAUTY STUDY IN THE REGION

News Desk 20/07/2023

UAE, Dubai, 20 July 2023: Chalhoub Group has released its comprehensive beauty report titled “Decoding the Beauty Consumer in the GCC.” The report offers a deep understanding of consumer behaviour, preferences, and trends within the beauty category in the United Arab Emirates (UAE),

Business

FPT Software Joins Scaled Agile Partner Network

Middle East News 247 20/07/2023

HANOI, Viet Nam — Global IT company FPT Software announced that it has joined the Scaled Agile Partner Network as a Bronze Transformation Partner. This strategic alliance grants FPT Software access to a worldwide network of transformation and platform providers dedicated to facilitating and accelerating business results by adopting the Scaled Agile Framework (SAFe®). As

Business

With Intelligence Announces That Motive Partners Has Acquired a Majority Stake

Middle East News 247 20/07/2023

LONDON & NEW YORK — With Intelligence, a leading provider of investment data and intelligence for allocating, fund-raising and business development in the public and private markets, announced that it has received a majority investment from funds advised by Motive Partners (“Motive”), a specialist private equity firm focused on financial technology. Intermediate

Business

Network International partners with MishiPay Ltd. to bring innovative self-checkout solutions to the Middle East

News Desk 20/07/2023

Dubai, UAE, 20 July, 2023 – Network International (Network), the leading enabler of digital commerce in the Middle East and Africa (MEA), has collaborated with MishiPay Ltd., the leading provider of mobile self-checkout technology, to introduce to its merchants innovative self-checkout solutions, designed exclusively for retail and convenience stores across the United Arab

Business GCC UAE

Two major agreements announced at UAE-Turkey Business Forum promise to boost cooperation in critical sectors

News Desk 20/07/2023

Abu Dhabi, July 20, 2023: Two major agreements announced at the UAE-Turkey Business Forum held recently in Abu Dhabi were set to provide a boost to UAE-Turkey investment across multiple key sectors of the economy. The two announcements, designed to enhance cooperation between the business communities in the two countries, were announced during the Business […]

Business GCC UAE

Pacific Prime Dubai Wins Outstanding Achievement Award from Sukoon and Bupa Global

Middle East News 247 20/07/2023

DUBAI, United Arab Emirates — Global health insurance brokerage Pacific Prime Dubai has been awarded Outstanding Achievement – All Segments Award from Sukoon and Bupa Global. The award was presented to the team at the Pacific Prime Dubai office on July 12th, 2023, in recognition of their excellent performance in Dubai across both individual and corporate

Business

Intel Capital and Khosla Ventures Lead $27M Investment in SiPhox® Health to Transform Health Testing

Middle East News 247 20/07/2023

BURLINGTON, Mass. — SiPhox Health, the leader in building the next generation of lab-grade home health testing with silicon photonics, raised $27 million in funding including a $10M Seed financing and a $17M Series A round. The Series A round was led by Intel Capital with participation from Khosla Ventures, Kortex Ventures, Alumni Ventures, Metaplanet, […]

Business NEWS DESK

Navigating the World of Interest Rates: Market Analysis, Earning Potential, and Current Outlook

News Desk 19/07/2023

Damian Hitchen CEO, Saxo Bank MENA Rising interest rates are a double-edged sword. Ask the risk-averse pensioner who puts his life savings in government bonds for meeting his day-to-day expenses, and he will gleefully rejoice. The reaction of a new couple who have just entered a floating or variable rate mortgage will be quite the […]

Business

2022 MOI Road Statistics Released – Less Fatalities, but More Injured and More Accidents

Middle East News 247 19/07/2023

Dubai, United Arab Emirates — The UAE continues the successful journey to reducing the number of fatalities on our roads. The Ministry of Interior (MOI) just uploaded ‘open data’ road safety statistics for 2022, stating 343 road fatalities, a reduction of -10% vs. 2021 (381). The long-term trend is even more remarkable, as the last time […]

Business

C&D partners with Conares to facilitate distribution of Chinese steel in GCC

News Desk 19/07/2023

DUBAI – July 19, 2023: Conares, the second-largest private steel manufacturer in the UAE, has officially announced a partnership with C&D, a Fortune Global 500 company focused on supply chain operation services and real estate development based in the city of Xiamen, China. This groundbreaking collaboration will empower the Chinese corporation to distribute

Business

Native and Cypher Capital Announce Strategic Partnership and Funding Agreement to Revolutionize Financial Infrastructure in the MENA Region

News Desk 19/07/2023

Dubai, 19 July 2023, Native, the groundbreaking financial infrastructure layer, and Cypher Capital, the leading MENA Web3 venture capital fund, are thrilled to announce a newly forged partnership and funding agreement that will propel Native’s impressive growth and further revolutionize the financial landscape in the Middle East and North Africa MENA region. Native

Business

AI Literacy Revolution Sweeping Through the World: Will UAE Entrepreneurs Keep Up with the Pace?

News Desk 19/07/2023

Dubai, July 19, 2023 – According to the latest research from McKinsey, over 60 percent of businesses in the GCC region are embracing artificial intelligence (AI) in at least one business function. To strengthen this transition, Creative Zone, UAE’s top business setup consultancy, collaborates with Fahed Bizzari to deliver an entrepreneur-focused edition of the

Business

Saasz Solutions announces exciting new partnership with FujiFilm for Middle East

News Desk 19/07/2023

Saasz Solutions, a leading provider of innovative printing solutions, is thrilled to announce its new partnership with Fujifilm Middle East FZE, a renowned name in the imaging and printing industry. The partnership is set to expand the availability and distribution of Fujifilm’s cutting-edge printers in the Middle East region. As part of this collaboration, Saasz […]

Business GCC UAE

UAE advocates for inclusive trade at 3rd G20 Trade and Investment Working Group in India

News Desk 19/07/2023

The UAE has participated in the third meeting of the G20 Trade and Investment Working Group (TIWG) held recently in Kevadia, India. His Excellency Juma Al Kait, Assistant Undersecretary for International Trade Affairs at the UAE Ministry of Economy, represented the UAE at talks between G20 member countries, invitee nations, regional assemblies and international

Business GCC UAE

UAE and Japan sign 23 new MoUs in trade, investment, energy, industry, health & technology sectors

News Desk 19/07/2023

Abu Dhabi, 18 July 2023 The UAE-Japan Business Forum took place in Abu Dhabi recently in the presence of H.H. Sheikh Hamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council; H.E. Fumio Kishida, Japanese Prime Minister; and H.E. Abdullah bin Touq al Marri, UAE Minister of Economy. Other dignitaries who attended the […]

Business

Uptime’s 13th Annual Global Data Center Survey Shows Widening Range of Challenges

Middle East News 247 19/07/2023

NEW YORK — Uptime Institute today announced the release of its 13th Annual Global Data Center survey. The findings show data center operators facing stricter regulations and more pressure to reduce energy, along with persistent staffing and supply chain issues. The Report shows new technologies potentially presenting a promising way forward, but these often are found

Business

NEDAA and Watani Al Emarat Foundation sign MoU to foster national belonging and community service

News Desk 18/07/2023

18 July 2023 – The Professional Communications Corporation “Nedaa,” the Dubai Government security networks provider, signed a Memorandum of Understanding (MoU) with Watani Al Emarat Foundation to explore ways of collaboration in areas of shared interest, particularly with regard to fostering national identity, community service and national belonging. H.E.

Business

BB Energy Group Holding Ltd. successfully closed its new syndicated 1 Year Revolving Credit Facility at USD 350 million

News Desk 18/07/2023

18 July 2023 BB Energy Group Holding Ltd. – known as BB Energy – a leading and globally integrated commodities group, is pleased to announce the successful signing of its new USD 350 million 1 Year Revolving Credit Facility (RCF). The 365-day RCF will be used to refinance the maturing facility signed in 2021 and […]

Business

Global University GameDev League partners with NVIDIA to find the world’s top student game designers

News Desk 18/07/2023

Riyadh, Saudi Arabia, July 18, 2023 – The University GameDev League — a global game development competition for universities organised by Nine66, today announced that it has partnered with NVIDIA to boost the global quest to find the top student game developers and designers of tomorrow. In August, the grand final will see the top two teams […]

Business

Luxury Redefined: Te Mata Glamping Invites Travelers to an Exquisite Retreat in Khao Yai, Thailand

Middle East News 247 18/07/2023

Khao Yai, Thailand — Te Mata Glamping, an exquisite haven where luxury meets nature, invites discerning travelers from the Middle East to embark on an unforgettable retreat in the heart of Khao Yai, Thailand. Surrounded by pristine landscapes and offering a curated selection of activities, Te Mata Glamping promises an extraordinary experience that seamlessly combines […]