Business Saudi Arabia

IBM To Invest $200 Million In Riyadh Software Lab

News Desk 2 07/05/2024 0

Investment Holds The Promise Of A Brighter Future IBM has announced plans to invest $200 million in a new software lab in Riyadh, the capital of Saudi Arabia. This strategic move underscores IBM’s commitment to expanding its investments in the Middle East region and supporting the goals

Automotive Business Markets

Al Ghurair Motors Wins 3 Exeed Awards In China

Arnold Pinto 06/05/2024 0

UAE dealer leadership team pays exclusive visit to China Al Ghurair Motors, the exclusive UAE dealer of Exeed – the premium Chinese auto brand – proudly clinched three prestigious dealer awards at the 2024 Exeed International Dealer Annual Conference held in Wuhu, Anhui Province, China. Al Ghurair Motors, the automotive division of Dubai-based Al Ghurair […]

Business Corporate

Dubai’s Arena Group Acquires UK’s Showblock

Arnold Pinto 06/05/2024 0

Focus Is On Sustainable Event Solutions Dubai-headquartered Arena Group, a leader in the global event services industry, has completed its acquisition of Showblock, a specialist in sustainable temporary structures based in Warwickshire, UK. The acquisition of Showblock is a pivotal step in Arena Group’s ambitious expansion strategy following its recent Aztec Shaffer

Business

IBM: 42% Of Businesses In The UAE Embrace AI

Arnold Pinto 05/05/2024 0

AI Adoption Rises Exponentially IBM has unveiled the regional insights gleaned from two pivotal studies: Morning Consult’s 2023 Global AI Adoption Index and the biennial consumer study focused on the Middle East and Africa (MEA) conducted by the IBM Institute for Business Value. These studies, considered authoritative sources, offer a sweeping panorama of consumer

Business

All You Need To Know About Dubai Economic Agenda D33

Arnold Pinto 05/05/2024 0

A Blueprint For Sustainable Growth Dubai Economic Agenda D33 represents a significant milestone in Dubai emirate’s journey towards sustainable economic development until 2033. Unveiled on January 4, 2023, the Agenda sets forth a comprehensive roadmap to bolster key sectors, enhance competitiveness, and foster innovation, positioning Dubai as a global economic

Business Web 3.0

Mantra Launches Incubator At Dubai World Trade Centre

Arnold Pinto 03/05/2024 0

In Collaboration With Virtuzone Mantra, a leading player in the Real World Asset (RWA) tokenisation sector, has unveiled its latest initiative, the inauguration of an incubation programme at the Dubai World Trade Centre (DWTC). This announcement follows an $11 million funding round spearheaded by Shorooq Partners, underscoring Mantra’s commitment to fostering

Business Tech

GenAI Smartphone Shipments To Skyrocket By 2027

Arnold Pinto 28/04/2024 0

Installed Base To Surpass One-billion Mark A dramatic surge in GenAI smartphone shipments is forecasted, with a fourfold increase by 2027, totalling a staggering 550 million units. These estimations by Counterpoint Research, detailed in the forthcoming report GenAI Smartphone Shipments and Insights, mark a significant advancement from Counterpoint’s earlier forecasts

Business Real Estate

Emaar Properties Declares Record AED4.4 Billion Dividend

News Desk 2 24/04/2024 0

New Board Appointed to Drive Growth Strategy At its Annual General Meeting (AGM) in Dubai on April 22, 2024, Emaar Properties announced that its shareholders unanimously approved a substantial dividend of 50 fils per share, amounting to a record AED4.4 billion ($1.2 billion). This declaration, a testament to Emaar’s robust profitability and commitment to shareholder

Business Events

Global AI And Blockchain Shows Go On

News Desk 2 21/04/2024 0

Despite Adverse Weather In Dubai Despite the challenging weather conditions in Dubai on April 16-17, 2024, the inaugural editions of the Global AI Show 2024 and the Global Blockchain Show 2024 stood firm as symbols of success. The co-located events, hosted by the VAP Group at Grand Hyatt, Dubai, on April 16-17, 2024, showcased the […]

Business Travel

UN Hosts Tourism for Sustainable Development Event

Arnold Pinto 18/04/2024 0

Aligned With Sustainable Development Goals The United Nations General Assembly, in its commitment to global sustainability, convened a thematic event on April 16, 2024, as part of a significant global initiative. The event, focusing on tourism and its pivotal role in advancing sustainable development and resilience worldwide, underscores the collective effort needed for a

Aviation Business

The World’s Top 10 Busiest Airports In 2023

Arnold Pinto 16/04/2024 0

International Travel Demand Surges The Airports Council International (ACI) World has revealed the preliminary top 10 busiest airports globally for 2023, shedding light on notable shifts propelled by the resurgence of international air travel following the COVID-19 pandemic. The top 10 airport rankings are based on comprehensive data collected from over 2,600 airports

Business Tech

Tech Mahindra And Microsoft Unveil Unified Workbench

News Desk 1 15/04/2024 0

Powered By Microsoft Fabric Tech Mahindra, a leading digital transformation solutions provider, has partnered with Microsoft to unveil a unified workbench powered by Microsoft Fabric. Set to transform data workflows and streamline operational efficiency; the collaboration aims to facilitate the seamless integration of Microsoft Fabric into organisational ecosystems,

Automotive Business

BMW Group And Tata Technologies Sign Strategic Partnership

News Desk 1 13/04/2024 0

JV For Automotive Software And IT Solutions In a move that promises to enhance automotive software capabilities and drive digital transformation, the BMW Group and Tata Technologies, a leading global product engineering and digital services company, have forged a pivotal agreement to establish a joint venture (JV). The strategic alliance is set to redefine the […]

Business Corporate

Global Smartphone Shipments May Rebound In 2024

Arnold Pinto 13/04/2024 0

Led By Premium And Budget-Economy Segments Despite the challenges faced in the previous year, the smartphone market worldwide is showing remarkable resilience. According to a recent forecast by Counterpoint Research, global smartphone shipments are anticipated to witness a modest upswing of 3% year-on-year, reaching a substantial 1.2 billion units in 2024. The rebound is

Aviation Business

Inaugural FOSAA Conference Makes Waves In Industry

Arnold Pinto 12/04/2024 0

Event Held In Venice On March 20, 2024 The debut of the Future Opportunities for Seaplanes and Amphibious Aviation (FOSAA) conference, organised by Quaynote Communications and Arena Group, has left industry insiders buzzing following its successful gathering in Venice, Italy, on March 20, 2024. The event, marking a significant milestone for the resurging seaplane and […]

Business

Apple’s Services Set To Contribute 1/4th Of Revenues By 2025

Arnold Pinto 11/04/2024 0

However, Antitrust Concerns Loom Large Apple Inc. is poised to witness a significant surge in its services revenue, with projections indicating that the segment will constitute a quarter of the tech giant’s total revenue by 2025. According to Counterpoint Research’s Apple 360 service, this expansion marks a milestone as services revenue is expected to surpass

Business Cybersecurity

Acronis Partner Day Dubai 2024 To Highlight Cybersecurity Innovations

Arnold Pinto 07/04/2024 0

Middle East Faces Rising Cyberattacks Acronis Partner Day Dubai 2024 will convene at Marriott Resort Palm Jumeirah, Dubai, on April 22, providing a comprehensive platform to discuss the latest innovations in the cybersecurity landscape. The event is an exclusive gathering of industry experts, thought leaders, IT service providers, and MSPs. Acronis, a world leader in […]

Business

ChatGPT Vs. Google: Is There A Shift In User Behaviour?

News Desk 1 05/04/2024 0

Neil Patel Comments On The Trend In recent discussions across various platforms, there has been a buzz about the increasing utilisation of ChatGPT, accompanied by claims of reduced reliance on Google search. But is there substantial data to support this narrative, or is it merely anecdotal? Neil Patel, NP Digital’s co-founder, investigated the numbers to […]

Business

Global Adoption Of Smart POS Set To Rise Exponentially

Arnold Pinto 03/04/2024 0

POS Terminal Transactions To Hit $17 Trillion In 2024 A new study conducted by Juniper Research, a leading authority in fintech markets, has projected that the global value of POS (Point-of-Sale) terminal transactions will soar to $17 trillion by the end of 2024, with an anticipated growth of 25% leading up to 2028. This substantial […]

Business Corporate

Finanshels.com Unveils AI WhatsApp Service

News Desk 1 02/04/2024 0

For Corporate Tax Registration In The UAE Finanshels.com, a Dubai-based automated accounting and tax operations startup, has unveiled an AI-powered WhatsApp bot to facilitate corporate tax registration in the UAE. The bot simplifies the UAE corporate tax registration process to a four-document upload, completed in under five minutes—a significant departure from the