Business

Shippeo Recognized in the 2023 Gartner® Magic Quadrant™ for Real-Time Transportation Visibility Platforms

Middle East News 247 23/05/2023

Shippeo, a global leader in real-time multimodal transportation visibility, today announced it has been recognized in the Gartner® Magic Quadrant™ for Real-time Transportation Visibility Platforms. “I am pleased to see many of Shippeo’s recognitions over the past 12 months reflected, we

Business

GMG takes Middle East’s largest sports retailer Sun & Sand Sports global

News Desk 2 22/05/2023

Dubai, UAE, May 22, 2023: GMG, a global well-being company operating leading brands across sports, everyday goods, health and beauty, properties, and logistics sectors, today announced that it is taking Sun & Sand Sports (SSS), one of its most successful homegrown concepts, global. Sun & Sand Sports, a GMG flagship brand and the Middle East’s […]

Business

Hotpack Global enhances its IT infrastructure; by partnering with Emtech

News Desk 2 22/05/2023

DUBAI – May 22, 2022: Hotpack, the UAE-based global leader in disposable packaging products, has signed an agreement with Emtech, a Dubai-based leading IT solutions provider, to adopt flexible and scalable IT infrastructure for its global expansion. Emtech will implement HPE GreenLake, a central management platform from Hewlett Packard Enterprises, to deliver cloud

Business

Brazilian exports to Arab countries surge 10.33% during the first 4 months of 2023

News Desk 2 22/05/2023

22 May 2023- The Arab Brazilian Chamber of Commerce (ABCC) reported an increase of 10.33% in Brazilian exports to Arab countries during the first four months of 2023. The export value totalled USD 5.696 billion, as compared to USD 5.162 billion during the same period in 2022.  The trade between Brazil and the Arab World witnessed […]

Business

Chery Unveils ARRIZO 8: Introducing a Striking Dynamic Design and Alluring Aesthetics

Middle East News 247 22/05/2023

Dubai. United Arab Emirates — Earlier this year, ARRIZO 8 won the “Annual Fully Superior Family Sedan” award on the China Automobile Excellence List. As the brightest star in the sedan market since its debut, ARRIZO 8 has also won awards such as “2022 China Top 10 Car Body” and “2022 Spotlight of China Sedan”. […]

Business GCC Saudi Arabia UAE

Accelerating Prosperity: KSA and UAE Unite at the Global Wealth Conference, Paving the Way for MENA Region’s Phenomenal Expansion

News Desk 2 22/05/2023

Dubai, UAE – May 22, 2023:  The Sovereign Wealth Fund Institute® (SWFI®), the world’s most trusted source on institutional investors and global capital, has announced its Global Wealth Conference (GWC), taking place in historic locations on May 31 and June 1 in London. The GWC platform has attracted some of these capital sources, which are […]

Business

OMA Emirates Group Partners with UnionPay International to Develop SoftPOS Solution for the Middle East and Pakistan

News Desk 2 22/05/2023

Dubai, UAE, May 22, 2023: OMA Emirates Group LLC, the leading provider of payment systems and solutions, today announced their collaboration with UnionPay International to develop SoftPOS, a Point of Sale (POS) solution in the Middle East and Pakistan that will increase the acceptance of touch points significantly across these regions. The innovative SoftPOS solution […]

Tech Business

Technology advancements aid Orient Finance’s trading activities grow by over 70 per cent

News Desk 2 22/05/2023

May 22, 2023 Orient Finance, a trusted global investment partner in the UAE, recorded a 70 per cent growth in financial trading activities that resulted from major technological improvements. With a 24/5 local customer support and innovative third-party trading tools, Orient Finance was able to empower its customers with well-informed investment opportunities round the

Business

Savoye achieves remarkable growth in 2022 with turnover exceeding AED 800 million

News Desk 2 22/05/2023

Savoye, a leading global warehouse automation integrator and software publisher in the Middle East, achieved a remarkable milestone globally by attaining a global turnover of over AED 800 million in 2022, which is a six per cent increase compared to the previous year. Savoye’s remarkable growth in 2022 can be attributed to its unwavering focus […]

Business GCC Saudi Arabia

Saudi Fund for Development signs a multiyear contribution agreement with the Global Fund

Middle East News 247 22/05/2023

Under the directive of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness Crown Prince Mohammed bin Salman Al Saud, the Saudi Fund for Development (SFD), on behalf of the Kingdom of Saudi Arabia, signed today a $39 million multiyear contribution agreement with the Global Fund to […]

Business

Airstack Supersizes its Pre-Seed Financing to $7 million

News Desk 2 19/05/2023

Airstack, the AI-powered web3 developer platform, announced that it increased its pre-seed financing to $7M on the strength of its natural language cross-blockchain developer APIs that help developers build composable web3 applications. The “pre-seed-plus” financing brings the total raised by one-year-old Airstack to $7 million. The new round was led by Superscrypt with

Business

Vultr and Domino Data Lab Partner to Reduce AI Time-to-Value Amid Surging GPU Demand

Middle East News 247 19/05/2023

WEST PALM BEACH, Fla. — Today, Vultr, the world’s largest privately-held cloud computing company, and Domino Data Lab, provider of the leading Enterprise MLOps platform trusted by over 20% of the Fortune 100, announced the integration of Domino Nexus with Vultr’s Kubernetes Engine. This new integration helps businesses achieve competitive advantage in the era of

Business

IFZA JOINS FORCES WITH ZOHO TO HELP BUSINESSES IMPROVE EFFICIENCY AND SUPPORT COMPLIANCE IN THE UAE

News Desk 2 18/05/2023

Dubai, May 2023 – IFZA Dubai, the UAE’s most dynamic and truly international Free Zone, has recently signed a collaboration agreement with Zoho, a global technology company that offers award-winning online productivity, collaboration, and business applications, to provide the members of the IFZA Free Zone community with leading-edge digital tools that will help increase

Business

SANS Institute and Tamkeen open the highly anticipated third edition of the Cyber Reskilling Program in Bahrain

News Desk 2 18/05/2023

Manama, Bahrain, May 18, 2023 – SANS Institute, the global leader in cybersecurity training and certifications, have just opened the third cohort of their Cyber Reskilling Program in Bahrain, in partnership with The Labour Fund (Tamkeen). Those interested in the program can register as of today. The registration window will close on the 19th of […]

Business GCC Saudi Arabia

The Diversifying Face of KSA’s Leisure & Entertainment Industry

Middle East News 247 18/05/2023

Dubai, United Arab Emirates — The Kingdom of Saudi Arabia (KSA) plans to attract over 100 million visitors annually by 2030. Along with religious tourism, public and private sector entities in Saudi Arabia are working collaboratively to spur tourist numbers by fuelling leisure and entertainment offerings therein diversifying the Kingdom’s rich non-oil-based economy. The

Business

Pacific Prime Wins Allianz’s Top Individual Producer Award for the Third Consecutive Year

Middle East News 247 18/05/2023

DUBAI, United Arab Emirates — Pacific Prime was awarded the Top Individual Producer Award by Allianz in 2022, marking the third consecutive year that the leading global insurance broker and employee benefits specialist has won the award. On May 8th, 2023, the team from Allianz visited Pacific Prime’s office in Dubai to present the award, […]

Business

Gradiant Raises $225 Million to Accelerate Business Expansion

Middle East News 247 18/05/2023

BOSTON — Gradiant, a global end-to-end solutions provider of advanced water and wastewater treatment, today announced it has raised $225 million in its first close of Series D financing. The round was led by BoltRock Holdings and Centaurus Capital, bringing Gradiant’s total funding to date to over $400 million and its valuation to $1 billion. Gradiant […]

Business

ANGHAMI FILES 2022 ANNUAL REPORT WITH 37% REVENUE GROWTH & ANNOUNCES Q1 2023 RESULTS WITH 60% IMPROVEMENT IN EBITDA

Middle East News 247 18/05/2023

Abu Dhabi, United Arab Emirates — Anghami Inc. (NASDAQ: ANGH) (the “Company” or “Anghami”), the leading streaming platform for music and entertainment in the Middle East and North Africa (MENA) region, has announced its unaudited preliminary results for Q1 2023, ending March 31, 2023. Despite facing currency-related challenges in Egypt and Lebanon, Anghami successfully

Business

Integrate Middle East Continues to Drive Business Development with Second Day’s Innovation and Debate

News Desk 2 17/05/2023

Dubai, May 17, 2023: Integrate Middle East draws praise from global Pro AV and media technology communities on day two of its debut edition at the Dubai World Trade Centre (DWTC) from May 16–18, 2023. As well as showcasing the latest trends and technologies from the Pro AV industry, the first day of the exhibition […]

Business

HE Dr Thani Al Zeyoudi Meets Ministers, Business Leaders from Bosnia-Herzegovina

News Desk 2 17/05/2023

His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has led a UAE delegation of leading trade and finance officials to Bosnia-Herzegovina to identify strategic opportunities for UAE businesses in the region and establish stronger greater trade and investment links with this increasingly important economic region. HE Al Zeyoudi held […]