Corporate Finance

Cognizant Reports Revenue Of $4.76 Billion For Q1 2024

Arnold Pinto 18/05/2024 0

Financial Results Exceed Expectations Cognizant’s first quarter 2024 financial results, unveiled earlier this month, exceeded expectations and showcased resilience in the face of evolving market conditions. In the first quarter of 2024, Teaneck, New Jersey-headquartered Cognizant, reported a

Business Corporate UAE

Dubai Tops FDI Global Charts For The Third Consecutive Year

Arnold Pinto 16/05/2024 0

Leaving Singapore And London Trailing Dubai, the Middle East’s default business and commercial capital, is the world’s leading foreign direct investment (FDI) hub for the third consecutive year, bypassing Singapore and London, respectively. As per the Financial Times’ fDi Markets platform, Dubai, the Arabian Gulf emirate, not only secured the top spot in global

Corporate Jewellery

Richemont Acquires High-End Jewellery Maker Vhernier

Arnold Pinto 08/05/2024 0

Brand’s Jewels Are Handcrafted In Valenza In a move set to redefine the landscape of high-end jewellery, luxury conglomerate Richemont has announced its acquisition of Vhernier., the renowned Italian jewellery maison. The deal entails Richemont obtaining 100% ownership of Vhernier in a private transaction, marking a strategic expansion for both entities. Established in

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 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

Corporate Finance

NVIDIA Surpasses $1 Trillion Stock Value Surge In Q1 2024

News Desk 1 12/04/2024 0

Outpaces Entire 2023 Growth By 15% NVIDIA, the US-based chipmaker, continues its meteoric rise in the stock market, setting new records after closing 2023 as the top performer in the S&P 500 index with a remarkable gain of 236%. Bolstered by stellar Q4 results, the tech giant has surged by over $400 billion in stock […]

Corporate UAE

ALEC Group Donates 5,000 Care Packages For Ramadan

News Desk 1 11/04/2024 0

Needy Communities In Gaza And UAE Benefit The Dubai-based ALEC Group has donated 5,000 care packages valued at AED140,000 to a Ramadan initiative in the UAE involving Emirates Red Crescent and SmartLife Foundation. ALEC Group employees donated to the initiative, which benefited vulnerable populations in Gaza and labourers in Dubai. The employees’ efforts, combined with

Corporate Finance

Scrut Automation Secures $10 Million In Growth Capital

News Desk 1 09/04/2024 0

Key Boost For Company’s Growth Initiatives Scrut Automation, a pioneering Governance, Risk, and Compliance (GRC) platform, has announced a significant milestone with the completion of a $10 million growth capital raise from strategic investors Lightspeed, MassMutual Ventures, and Endiya Partners. This funding round, a testament to these leading investors’

Automotive Corporate

Audi Unveils Technological Advancements In E-Mobility

Arnold Pinto 02/04/2024 0

Automaker in tie-up with Porsche and CARIAD Audi, a frontrunner in premium electric mobility, is poised to redefine the standards of electric vehicles globally with its latest innovations – the Premium Platform Electric (PPE) and the groundbreaking E³ 1.2 electronic architecture. The collaboration with Porsche in developing the PPE platform and the partnership with CARIAD

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

Corporate Real Estate Saudi Arabia

U By Emaar Makes Its Entry Into Saudi Arabia

News Desk 1 25/03/2024 0

Launches At Address Jabal Omar Makkah U By Emaar, Emaar’s loyalty programme, has expanded to Makkah, Saudi Arabia. The programme’s debut at the luxurious Address Jabal Omar Makkah marks a significant milestone, broadening the Dubai-based entity’s reach to an international clientele. Renowned for revolutionising the concept of loyalty rewards in the Arabian Gulf

Corporate

CIOs urged to act as global AI regulations shape up

Arnold Pinto 19/03/2024 0

Governments seen stepping up AI policing With a growing international push for regulation in response to the widespread integration of artificial intelligence (AI) across industries, half of the world’s governments are projected to enforce responsible AI through regulatory measures, policies, and an emphasis on data privacy by 2026 according to Gartner. In an

Automotive Corporate

Nissan and Honda sign strategic partnership MoU in Tokyo

Arnold Pinto 17/03/2024 0

The pact targets joint electrified and intelligent mobility Nissan Motor Co., Ltd. (Nissan) and Honda Motor Co., Ltd. (Honda) have signed a Memorandum of Understanding to forge a joint path towards electrified and intelligent mobility. The agreement between the two globally renowned and leading Japanese automotive manufacturers sets the stage for a feasibility study into

Corporate

Acronis releases its 2023 ESG report

News Desk 1 13/03/2024 0

The company goes beyond cyber protection leadership Acronis, a global leader in cyber protection, has made public its 2023 Environmental, Social, and Governance (ESG) Report. The report delineates the company’s strides and accomplishments throughout the past year and outlines a roadmap for future positive influence. This comprehensive report sums up Acronis’

Corporate UAE

Dubai-based GMG unveils ‘EmpowHer’ initiative

News Desk 1 11/03/2024 0

The aim is to enhance women’s careers Dubai-headquartered GMG, a global well-being conglomerate with a portfolio spanning sport, everyday goods, health and beauty, properties, and logistics, has launched its Diversity, Equity, and Inclusion (DE&I) initiative, ‘EmpowHer,’ to coincide with International Women’s Day 2024. This initiative is a testament to

Automotive Corporate Sport

Audi accelerates F1 entry with Sauber Group acquisition

News Desk 1 10/03/2024 0

Entry scheduled for the 2026 season In a strategic move led by Audi CEO Gernot Döllner, the iconic brand with the four rings is intensifying its focus on the future through the Audi Agenda. With a keen eye on product and technology development, alongside a more robust global presence for the Audi brand, the supervisory […]

Corporate Sport

DP World is title partner of Delhi Capitals’ women’s team

News Desk 1 20/02/2024 0

TATA Women’s Premier League 2024 season in focus DP World and Delhi Capitals have consolidated their long-term partnership, marking a significant milestone for women’s cricket in India. DP World, a prominent provider of innovative end-to-end supply chain solutions, has officially become the title partner of the women’s team of Delhi Capitals in the TATA Women’s

Corporate GCC UAE

UAE’s Federal Tax Authority releases new Corporate Tax Law guide 

News Desk 1 29/12/2023 0

New document incorporates practical examples The Federal Tax Authority (FTA) in the United Arab Emirates has released a comprehensive guide outlining the criteria for determining natural persons subject to the Corporate Tax Law, which officially took effect on June 1, 2023, in the Gulf nation. The newly released guide is a valuable resource, offering a […]

Corporate GCC UAE

84% of UAE employees aim to develop their digital skills during their careers

Arnold Pinto 22/12/2023 0

UAE-based workforce favours AI use in the workplace An overwhelming 84% of UAE-based employees are excited about developing digital skills throughout their careers, while 81% believe businesses should promote the development of AI skills in the workplace, even as 53% find it challenging to incorporate digital skills into their work schedule. These and other telling […]

Corporate Space

Bayanat and Yahsat to set up AED15 billion AI space tech entity in 2024

Arnold Pinto 21/12/2023 0

Space42 will offer space-based services in MENA and globally Bayanat AI PLC (Bayanat), a leading AI-powered geospatial solutions provider, and Al Yah Satellite Communications Company P.J.S.C. (Yahsat), a leading global satellite operator, have proposed a merger to establish Space42 – a new vertically integrated AI-powered space technology company. Bayanat and Yahsat