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February 23, 2025
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Business

Regtech accelerating the adoption of artificial intelligence by the financial institutions

Dubai, United Arab Emirates — Regtech helps financial and non-financial institutions by leveraging AI to reduce the time spent on investigations and the FTE required for the investigations of financial crimes. This sentiment was commonly echoed by the panel speakers of 6th MENA Regtech: Mr. Muhammad Shahid Farid, Head of AML/CFT and Sanctions, The Commercial […]
Business

Ducab Group reports more than 19 percent year-on-year growth

Dubai, UAE – 8 Mar, 2023 – Ducab Group, one of the UAE’s largest end-to-end energy solutions providers and industrial manufacturing businesses, has registered notable gains across its business units in 2022, with a combined annual year-on-year revenue increase of 19 percent. The metal business alone posted more than 23 percent in Y-o-Y growth, followed […]
Business

DIFC Brings Together Global Insurance Leaders

Dubai, UAE; 8 March 2023: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, is bringing together over 1,100 insurance leaders from 60 countries around the world for the sixth annual Dubai World Insurance Congress (DWIC), co-hosted by Global Reinsurance. DWIC is held under […]
Business

blinx: The First Digital Native Storytelling Hub in MENA to Elevate Storytelling and Offer New Perspectives

DUBAI, United Arab Emirates — blinx, the first digital native storytelling hub in the Middle East and North Africa (MENA) region, was announced today. The hub aims to elevate storytelling and offer new perspectives. It will target Gen Z and Millennials in the region, and beyond. Headquartered in Dubai Media City, blinx will soon launch on multiple
Business

Anghami Reports 35.6% Revenue Growth in Preliminary Unaudited 2022 Results, with Focus on Continued Efficiency and Profitability for 2023

Abu Dhabi, United Arab Emirates — Anghami Inc. (NASDAQ: ANGH), the leading streaming platform for music and entertainment in the Middle East and North Africa, has announced its unaudited preliminary results for the year 2022. Anghami recorded a robust financial performance in 2022, with total revenue of $48.1 million, reflecting an increase of 35.6% compared […]
Business

DIFC Grants Captive Licence to Ma’aden

Dubai, UAE; 07 March 2023: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, has granted a captive licence to Ma’aden, the largest multi-commodity mining and metals company in the Middle East, and one of the top five largest mining companies in the world […]
Business GCC UAE

Pacific Prime Dubai Wins Cigna Middle East’s Individual Broker of the Year Award for the Third Time

DUBAI, United Arab Emirates — Global insurance brokerage and employee benefits specialist Pacific Prime is proud to win Cigna Middle East’s Individual Broker of the Year Award 2022, marking the brokerage’s third consecutive year winning the award. The team from Cigna presented the award on February 15th, 2023 at Dubai Creek Golf and Yacht Club’s […]
Business

Gradiant Acquires Advanced Watertek to Expand Manufacturing Capabilities and Fuel Middle East Growth

BOSTON — Gradiant, a global solutions provider for advanced water and wastewater treatment, today announced it has acquired Advanced Watertek, a leading original equipment manufacturer (OEM) and service provider for membrane-based water and wastewater treatment systems. The acquisition strengthens manufacturing resources for Gradiant’s custom-designed and integrated
Business

POWERCHINA Celebrates 10th Anniversary of CPEC: Committed to Bringing Pakistan Forward for Green and Sustainable Development

BEIJING — This year will see the 10th anniversary of the China-proposed Belt and Road Initiative (BRI) and the 10th anniversary of the launch of the China–Pakistan Economic Corridor (CPEC). As one of the key enterprises participating in the construction of the CPEC, POWERCHINA has been active in various fields such as energy, electricity, water […]
Business GCC Saudi Arabia

EXPERTS GATHER IN RIYADH TO DISCUSS JUDICIAL TECHNOLOGY AT THE INAUGURAL INTERNATIONAL CONFERENCE ON JUSTICE

RIYADH, Saudi Arabia — Saudi Arabia’s Ministry of Justice is organizing the first International Conference on Justice in Riyadh on 5-6 March, 2023. The Conference will bring together experts, jurists and key decision makers from the legal sectors of over 30 countries to discuss the future of technology and digitization in the field of justice. […]
Business GCC Saudi Arabia

Saudi Arabia makes a $5 Billion deposit at the Central Bank of Turkey through the Saudi Fund for Development

Turkey, İstanbul — In implementation of the directives from the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Crown Prince and Prime Minister, Mohammed bin Salman Al Saud, KSA Minister of Tourism and Chairman of the Saudi Fund for Development (SFD) Board of Directors, H.E. Mr. Ahmed […]
Business

Dulsco Group acquires Advance Global Recruitment Ltd (AGR) as part of international expansion plans

Dubai, United Arab Emirates — Dulsco Group, the leading provider of integrated People, Environment and Talent solutions, today announced that it has acquired Edinburgh-based Advance Global Recruitment Ltd (AGR), specialists in energy recruitment. With a proud history of nation-building services in the UAE dating back to 1935, Dulsco Group is synonymous with leading
Business GCC UAE

IA Experience signs MoUs with eight UAE companies

As part of its ongoing efforts to equip university students and graduates with the skills they need to succeed in the labour market, IAExperience – the training arm of the Yousif bin Saeed Lootah Group has signed Memoranda of Understanding with eight companies operating in various industries in the UAE. IAExperience and the collaborating companies […]
Business

ABCC promotes delegation of Brazilian startup executives

UAE, March 06, 2023- The Arab Brazilian Chamber of Commerce promoted a delegation of executives from seven Brazilian startups in the UAE recently. The delegation’s visit aimed at exploring various avenues to deploy their solutions in the Arab market. During the visit, the executives took part in a number of training sessions and visits to […]

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