Business Markets

Digital ID verification spend to exceed $26bn globally by 2029

Arnold Pinto 06/12/2024 0

Growing from $15.2bn in 2024 A new study has found that spend on digital identity verification checks will grow by 74% from $15.2 billion in 2024. This substantial growth will be attributable to new solutions that aim to reduce the friction of these checks. Juniper Research’s study

Business Markets

Airbus unveils C295 Final Assembly Line in India

Arnold Pinto 22/11/2024 0

In partnership with Tata Group entity Airbus officially inaugurated its first-ever Indian final assembly line (FAL) for the C295 medium tactical transport aircraft on October 28, 2024, in Vadodara, Gujarat. This marks a significant milestone in the European company’s history, as it is the first time Airbus has established a complete aircraft production system outside […]

Markets

iPhone 15 was the world’s best-selling smartphone in Q3 2024

Arnold Pinto 10/11/2024 0

Followed by iPhone 15 Pro Max and iPhone 15 Pro According to Counterpoint Research’s Global Handset Model Sales Tracker, Apple’s iPhone 15 was the world’s best-selling smartphone in Q3 2024, followed closely by the iPhone 15 Pro Max and iPhone 15 Pro. Samsung dominated the global top-10 list, securing five spots, with Apple close at […]

Automotive Markets

Major EV battery markets aim to reduce dependence on China

Arnold Pinto 04/11/2024 0

As Chinese players target emerging markets As of October 2024, Chinese battery manufacturers dominate the global electric vehicle (EV) battery market, holding approximately two-thirds of the market share. This dominance is primarily attributed to their control over vital raw materials and their rapid adaptation to technological advancements, enabling them to outperform

Markets

Samsung, Apple, Xiaomi top global smartphone market in Q2 2024

Arnold Pinto 17/08/2024 0

US sanctions hurt Huawei Samsung, Apple, and Xiaomi have collectively commanded half of the global smartphone market in the second quarter of 2024, highlighting their continued dominance in the industry. According to the latest IDC Quarterly Mobile Phone Tracker data, these three tech giants have each made significant strides in capturing consumer interest and market […]

Markets

Why is the global news app industry booming?

News Desk 2 10/08/2024 0

Let’s take a deep dive for the answers The global news app industry has experienced significant growth in recent years, fueled by the increasing demand for real-time information, the proliferation of smartphones, and the shift towards digital content consumption. As traditional media outlets face challenges, news apps have emerged as a crucial platform for delivering […]

Business Markets

gimmefy.ai enters the North American market

Dan Ngiam 16/07/2024 0

MENA region is also in the pipeline In a strategic move aimed at global expansion, gimmefy.ai, a leading generative AI marketing platform headquartered in Singapore, has officially launched its operations in North America. Founded on cutting-edge AI models and expert marketing strategies, gimmefy.ai has achieved considerable success in Asia. Now, it aims to empower North

Automotive Markets

Geely Holding sells 256,556 vehicles globally in May 2024

Arnold Pinto 06/07/2024 0

EVs ramp up the demand Geely Holding (Zhejiang Geely Holding Group) has registered robust global sales figures for May 2024, underscoring a significant uptick in demand across its diverse automotive portfolio. Aggregate sales for the month soared to 256,556 vehicles, marking a notable 22.2% year-on-year (YoY) increase. Of particular note was the surge in sales […]

Markets

Saxo Bank warns of fragile global economic growth in Q3 2024

News Desk 2 04/07/2024 0

Middle East also factored in Saxo Bank has released its latest outlook for Q3 2024, which paints a cautious picture of the global economy amidst what the Danish bank terms a ‘sandcastle economy’. Despite robust growth in sectors such as defence, AI, and pharmaceuticals, Saxo’s strategy team highlights significant vulnerabilities that could threaten the stability […]

Markets

WGC report: Gold rises by 12% year-to-date

Arnold Pinto 04/07/2024 0

Central banks play a key role In the tumultuous landscape of global finance, gold has performed remarkably well in 2024, rising by 12% year-to-date and outperforming other major asset classes.  According to the newly released Gold Mid-Year Outlook 2024 report issued by the London, UK-headquartered World Gold Council (WGC), the precious metal has surged, defying […]

Automotive Markets Saudi Arabia

Saudi Arabia-Backed US Luxury EV Maker Opens Retail Outlet In Dubai City

Arnold Pinto 01/06/2024 0

As Lucid Motors Targets Regional Expansion Lucid Motors – the US-based maker of advanced EVs (electric vehicles) – has stepped up its retail presence in the Middle East region by launching Lucid Studio, its bespoke retail outlet at the luxury lifestyle-centric enclave of City Walk in Dubai City. Lucid Studio is a versatile control platform […]

Markets Oil & Gas

ADNOC Acquires 10% Stake In Mozambique’s LNG Development

Arnold Pinto 25/05/2024 0

Area 4 Concession Features Significant Projects Abu Dhabi National Oil Company (ADNOC) has made its first-ever LNG investment in Mozambique. The acquisition involves a 10% equity stake in the Area 4 concession within Mozambique’s Rovuma basin from Portuguese multinational energy corporation Galp. The investment diversifies Abu Dhabi-based ADNOC’s portfolio and

Business Markets Tech

Nasdaq Deploys Advanced AI Into Its Market Surveillance

Arnold Pinto 21/05/2024 0

Targeting Manipulation And Insider Trading Nasdaq has launched a groundbreaking addition to its market surveillance technology, introducing a potent AI feature set to transform the detection and investigation of market abuse worldwide. Through the integration of generative AI, Nasdaq aims to expedite the process of identifying potential market manipulation and insider

Logistics Markets

DP World Invests €130 Million In Romania

News Desk 2 17/05/2024 0

3 Logistics Sites Set To Go Online DP World unveiled three maritime logistics sites across Romania on May 15, 2024, ushering in a new era of economic prosperity and connectivity. Located in Constanta, the Black Sea’s most prized jewel and the region’s largest container port, DP World’s recent investments are set to transform maritime logistics. […]

Banking Markets

Investors Concerned Over Prevailing Market Uncertainty

Arnold Pinto 12/05/2024 0

Saxo Bank Client Survey Reveals Saxo Bank has unveiled the results of its latest client survey, shedding light on investor sentiments and expectations concerning the financial markets for the second quarter of 2024. Despite the unpredictability of the global financial market, investors’ responses echo concerns over prevailing market uncertainty. The Client Sentiment

Aviation Markets

Indigo Orders 30 Airbus A350-900 Aircraft

News Desk 2 11/05/2024 0

In Keeping With Long-Haul Ambitions In a significant move to increase its international presence, IndiGo, India’s largest airline, has finalised a firm order for 30 Airbus A350-900 aircraft. This strategic acquisition underscores IndiGo’s determination to expand its global footprint. It presents a significant opportunity to enhance its operational efficiency

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 […]

Markets

Dubai Is The Sole Middle Eastern City In GPCI 2023 Top 10 List

Arnold Pinto 06/05/2024 0

Emirate Rises From 11th To 8th Position Dubai has become the first Middle Eastern city to feature in the top 10 list of the world’s 48 major cities, according to the Global Power City Index (GPCI) 2023 report. Issued by the Mori Memorial Foundation’s Institute for Urban Strategies, established by Mori Building, Tokyo’s leading urban […]

Automotive Markets

India’s EV Sales Projected To Rise 66% In 2024

Arnold Pinto 14/04/2024 0

Country’s Sales Nearly Doubled In 2023 India witnessed nearly doubling electric vehicle (EV) sales in 2023, propelled by high fuel prices, heightened consumer interest, governmental initiatives, infrastructural advancements, and growing environmental concerns. According to Counterpoint Research, a leading global research firm, projections for 2024 indicate a staggering 66%

Banking Markets

Saxo Tracks Market Dynamics Amid Election Fever

News Desk 1 04/04/2024 0

Bank Unveils Its Q2 2024 Quarterly Outlook Saxo, a leading global financial institution, has released its Quarterly Outlook for Q2 2024. It offers valuable insights for investors seeking to navigate evolving market dynamics amid pivotal elections in several countries and shifting economic landscapes. With crucial elections shaping discussions worldwide, Saxo’s