Business GCC Saudi Arabia

TickerChart partners with Riyad Capital to provide seamless brokerage access for investors

News Desk 2 01/06/2023

June 01, 2023- TickerChart, a leading market information platform for investors in the Middle East, has signed an agreement with Riyad Capital, a Saudi-based investment firm and the investment arm of Riyad Bank, to bolster trade capabilities and improve the overall trading experience for

Business GCC UAE

Child restraint systems: Lack of ownership, usage and knowledge remain a key issue of road safety in the UAE

Middle East News 247 01/06/2023

Dubai, United Arab Emirates — CYBEX, a leading German car seats and stroller brand and RoadSafetyUAE announce their partnership to address an important topic of road safety. The partners analysed the data of 3 research waves conducted before and after the introduction of the holistic seat belt law in 2017 and come forward with their […]

Business

THE FITOUT partners with Gurian to bring Italy’s finest luxury furniture to UAE

News Desk 2 01/06/2023

THE FITOUT, one of the leading providers of comprehensive interior solutions in the Middle East and a subsidiary of Union Properties, has collaborated with the Gurian, an Italian furniture manufacturing company, to expand its product offerings and introduce Italy’s finest luxury furniture to the UAE market. With a shared vision of offering high-quality products and

Business GCC UAE

UAE pledges additional $2.7bn in industry offtake agreements, invites global investors to leverage incentives

Middle East News 247 01/06/2023

Abu Dhabi, United Arab of Emirates — His Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, today announced $2.7 billion in offtake agreements for the UAE’s industrial sector in a move to boost local manufacturing, strengthen supply chains and attract international investors. Addressing the second Make it in the Emirates Forum, HE […]

Business GCC UAE

UAE’s Falcon 40B, World’s Top-Ranked AI Model from Technology Innovation Institute is Now Royalty-free

Middle East News 247 31/05/2023

Abu Dhabi- United Arab Emirates — The Technology Innovation Institute’s (TII) Falcon 40B, the UAE’s leading large-scale open-source AI model, is now free of royalties for commercial and research use, in response to global demand for inclusive access to AI. Ranked #1 globally on Hugging Face’s leaderboard for large language models (LLMs), Falcon 40B outperforms […]

Business

Montfort and the Private Office of Sheikh Ahmed Dalmook Al Maktoum complete the acquisition

News Desk 2 31/05/2023

Dubai, May 31, 2023: Montfort Group and the Private Office of Sheikh Ahmed Dalmook Al Maktoum (the Private Office) are pleased to confirm that their acquisition of Uniper’s United Arab Emirates-based crude oil processing and marine fuel trading business (Uniper Energy DMCC) has been completed, following the fulfillment of conditions precedent and the receipt of […]

Business

ARTEX MTF AG : Francis Bacon to be the First Artist Traded on ARTEX

Middle East News 247 31/05/2023

LONDON — ARTEX MTF AG (“ARTEX MTF” ) announces that the first artwork to be admitted to trading is the ‘Three Studies for a Portrait of George Dyer’ (the “Artwork”), an oil on canvas triptych painted by British artist, Francis Bacon in 1963. It belongs to a unique series of five Dyer portrait triptychs that Bacon […]

Business

Banking Powerhouse SBI Commits to Empowering XDC, Expanding XDC Network’s Footprint in Japan

Middle East News 247 31/05/2023

Abu Dhabi, United Arab Emirates — XDC Network ( represented by TradeFinex Tech Ltd) is pleased to announce its partnership with SBI VC Trade Co. Ltd., a prominent Japan’s cryptocurrency exchange within the SBI Group. This strategic collaboration marks a significant milestone for XDC Network as it expands its ecosystem in the Japanese market. XDC […]

Business

H.E. Al Zeyoudi meets British Minister of Business & Trade to discuss strengthening of trade & investment partnership

News Desk 2 31/05/2023

Abu Dhabi, May 31, 2023 : H.E. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, held a meeting with H.E. Kemi Badenoch, Secretary of State for the Department for Business and Trade in the United Kingdom recently. The meeting was also attended by Edward Hobart, Ambassador of United Kingdom of Great […]

Business

Latest Economic Integration Committee meeting evaluates development

News Desk 2 30/05/2023

The Economic Integration Committee held its second meeting for the year 2023, chaired by H.E. Abdulla bin Touq Al Marri, Minister of Economy, and attended by H.E. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and representatives of the local economic development departments from all emirates. The meeting discussed a range […]

Business GCC UAE

UAE Participates in G20 Trade and Investment Working Group Meeting in India, Promotes Collaboration to Drive Global Economic Growth

News Desk 2 30/05/2023

His Excellency Juma Al Kait, Assistant Undersecretary for Foreign Trade Affairs at the Ministry of Economy, led a delegation from the UAE Ministry of Economy to the second G20 Trade and Investment Working Group Meeting (TIWG) in May in Bengaluru, India. The three-day forum, held under India’s G20 Presidency, brought together more than 100 delegates […]

Business GCC UAE

LG UNVEILS NEXT-GENERATION OLED EVO TVS IN THE UAE

Middle East News 247 30/05/2023

Dubai, United Arab Emirates — LG Electronics (LG) has announced the launch of its highly anticipated LG OLED evo G3, CS3, and C3 Smart TVs in the UAE. Offering an unparalleled viewing experience with stunning image quality, these latest additions to LG’s OLED evo range represent the pinnacle of LG’s OLED technology. LG OLED has […]

Business GCC UAE

Chinese Tyre & Auto Parts Fair formally inaugurated in Sharjah

News Desk 2 30/05/2023

The 2nd UAE China Tyre & Auto Parts Expo formally inaugurated at Expo Centre Sharjah on 29th for its second edition. The first Chinese Exhibitors Delegation consists of 130+ CHINESE TYRE & AUTO PARTS MANUFACTURERS since the pandemic, arrived UAE last Saturday and attend the expo physically. The 2nd UAE China Tyre & Auto Parts Expo […]

Business

QNET Launches in South Africa, Expanding Its Global Footprint

News Desk 2 29/05/2023

DUBAI, May 29, 2023 – QNET, a global direct selling company, has officially opened its doors in Sandton, Johannesburg, marking a significant milestone for the company as it continues to expand its reach across the African continent. QNET, known for its high-quality products and grassroots business model, has been empowering communities worldwide since its inception […]

Business GCC UAE

UAE’s Falcon 40B Dominates Leaderboard: Ranks #1 Globally in Latest Hugging Face Independent Verification of Open-source AI Models

Middle East News 247 29/05/2023

Abu Dhabi, United Arab Emirates — Falcon 40B, the UAE’s first large-scale open-source, 40-billion-parameter AI model launched by Abu Dhabi’s Technology Innovation Institute (TII) last week, soared to the top spot on Hugging Face’s latest Open Large Language Model (LLM) Leaderboard. Hugging Face, an American company seeking to democratize artificial intelligence through

Business

Al Ansari Exchange partners with Tranglo to optimise seamless cross-border remittance experiences

News Desk 2 29/05/2023

May 29, 2023: Al Ansari Exchange, the subsidiary of Al Ansari Financial Services P.J.S.C. and the largest outward personal remittance and foreign exchange company in the UAE, announced its collaboration with cross-border payment hub Tranglo to optimise the seamless cross-border remittance customer experience. The effort between Al Ansari Exchange and Tranglo to integrate

Business

Vertiv Signs Power and IT Infrastructure Solution Distribution Partnership with iPoint in Bahrain

News Desk 2 29/05/2023

Dubai, United Arab Emirates [29 May 2023] – Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, has taken a significant step towards strengthening its position in Bahrain and the GCC (Gulf Cooperation Council), by announcing its distribution partnership with iPoint, a prominent multi-brand distributor of electronic

Business GCC UAE

NewLink and Dubai Chambers Forge Strategic Partnership to Support Bilateral Innovation Exchange and Collaboration

Middle East News 247 29/05/2023

BEIJING — On May 22nd, 2023, a pre-launch event launched at Dubai Chambers headquarters, aiming to empower Chinese technologies and innovative companies to leverage Dubai as a global hub for international expansion, further strengthening bilateral ties and fostering innovation between Dubai and China. Chinese digital energy service enterprise, NewLink, was also invited as

Business GCC Saudi Arabia

Lynk & Co Now Opens in Saudi Arabia

Middle East News 247 29/05/2023

DAMMAM, Saudi Arabia — Lynk & Co, the Chinese-Swedish automobile brand, has officially launched in Saudi Arabia, bringing a range of products including the 03, 03+, 01, and 05 models, and opening its first local showroom in Dammam on May 22, 2023. At the launch event, Lynk & Co’s Director, Mr. Fred Shang, expressed confidence […]

Business NEWS DESK

1-Platform takes customer pain points into account with Middle East rollout of its bespoke smart workplace solution

Arnold Pinto 29/05/2023

What key questions do enterprise-positioned leaders in the Middle East invariably ask themselves when it comes to running their business operations in the physical spectrum on a daily basis? The typical questions uppermost on their mind tend to be: How can we optimise the use of our workplace environment for the employees? How can we […]