Markets Saudi Arabia

Informatica Sets Up AI-Powered IDMC Asset In Saudi Arabia

Arnold Pinto 03/04/2024 0

Move Aligns With Saudi Vision 2030 Objectives Informatica, a global leader in enterprise cloud data management, has unveiled its AI-powered Intelligent Data Management Cloud (IDMC) platform in the Arabian Gulf nation. The launch, announced on April 2, 2024, includes establishing a new Point of

Markets

Spanish Ceramic Tile Industry Confronts Challenges With Innovation

Arnold Pinto 27/03/2024 0

Sector Targets Resilience Amidst Adversity The Spanish ceramic tile industry faced significant challenges in 2023. This was underscored by a contraction in international demand influenced by increasingly assertive global competitors, unprecedented geopolitics, high energy costs, costly decarbonisation initiatives, inflation, and persistently high interest rates. However,

Blockchain & Cryptocurrency Markets

Global crypto markets amassed $37.6 billion in 2023

News Desk 1 15/03/2024 0

UAE crypto investors gained $200 million The global crypto markets experienced a robust resurgence in 2023, witnessing a substantial recovery from the tumult of the previous year. According to Chainalysis, a leading blockchain data company, the global crypto investor community amassed total gains of $37.6 billion during the year, marking a significant rebound from the […]

Markets Tech

Extreme Networks looms large, on enterprise network market

Arnold Pinto 15/03/2024 0

Company’s Fabric solution records 5,000+ deployments globally Extreme Networks, a global leader in cloud networking, has solidified its leadership position in 2024 with more than 5,000 successful customer deployments worldwide of its acclaimed end-to-end Fabric solution, which elevates network security and drives positive outcomes. This achievement underscores the

Business Markets UAE

World Gold Council opens regional office in Dubai

News Desk 1 08/03/2024 0

The move aims to facilitate gold trade in the Middle East The World Gold Council (WGC), headquartered in London, UK, has opened a new office in Dubai, serving as its regional headquarters for the Middle East region. The office is in the Dubai Multi Commodities Centre (DMCC) free zone in Dubai City, one of the […]

Automotive Markets

Genesis unveils luxury automotive advertising spectacle

News Desk 1 06/03/2024 0

‘Signature Event’ is the auto brand’s latest marketing campaign The automotive brand Genesis has lifted the curtain on its latest marketing extravaganza – the ‘Signature Event’ campaign. This initiative represents an extension of the successful ‘Luxe is in the Details’ creative approach launched in 2023. The campaign accentuates the unique features

Business Markets

World Economic Forum: Global cooperation has weakened from 2020

Arnold Pinto 10/01/2024 0

Business and government leaders urged to practise ‘coopetition’ Global cooperation was resilient in multiple dimensions from 2012 until 2020, but overall cooperation declined by 2% from 2020 to 2022, according to the World Economic Forum’s newly released Global Cooperation Barometer. The latest Global Cooperation Barometer employs 42 indicators to measure five pillars

Markets Tech

Big Five tech giants add $3.2 trillion to their stock value in 2023

Arnold Pinto 23/12/2023 0

2023 is a breakout year for AI technology globally It is common knowledge that the global artificial intelligence (AI) industry has registered unprecedented growth in recent years following surging AI adoption across the consumer and business sectors. Yet, it is only 2023 that is proving to be a breakout year for AI due to the […]

Business Markets

MYCRANE and Equip9 partner on AI rollout and new market penetration

Arnold Pinto 15/12/2023 0

MoU signed at South Asia’s largest construction equipment event MYCRANE, the Dubai-based digital crane rental platform, and Equip9, the India-headquartered online platform that connects operators, rentals, mechanics, and more in an app, have signed a Memorandum of Understanding (MoU) at Excon, South Asia’s largest construction equipment event, currently taking place in

Business GCC Markets Saudi Arabia

Saudi imaging and printing market set to quadruple by 2030

News Desk 1 24/09/2023 0

Driven by growing consumer demand and a surge in businesses setting up base or relocating to Saudi Arabia in line with Vision 2030, the Saudi imaging market is set to quadruple in size by 2030, according to recent reports, historical sales data, prevailing market trends and local expert insights from Canon Middle East & Turkey. […]

Markets Business

Aroma King continues its expansion in Europe’s vaping markets

News Desk 1 21/09/2023

Aroma King, a leading vape brand based in Poland, has unveiled its latest disposable product, The Cosmic Max, further expanding its presence in Europe. Since 2020, Aroma King has rapidly made its mark on the European vaping scene. Its product, the Cosmic Max, has gained traction across the European markets, including Spain, France, Belgium, and […]

Markets GCC UAE

UAE and China’s Hainan Province sign multiple trade deals

News Desk 1 19/09/2023

 The signing of four major private-sector agreements will boost the rapidly expanding trade and investment ties between the UAE and the Chinese province of Hainan. A signing ceremony took place during the Hainan Promotion Conference in Dubai. It was attended by Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and […]

Markets GCC UAE

UAE delegation visits Hong Kong Science Park

News Desk 1 19/09/2023

The Hong Kong Science and Technology Parks Corporation (HKSTP) welcomed an official UAE delegation led by the Minister of Economy, marking a milestone in the Middle East and Hong Kong relations and further deepening the collaboration between the Hong Kong innovation and technology ecosystem with the Middle East. Al Marri was in Hong Kong to attend […]

Markets

HONOR CEO pays a visit to the Middle East region

News Desk 1 19/09/2023

In a reflection of HONOR’s strong commitment to the Middle East and desire to broaden and deepen collaboration, George Zhao, the CEO of HONOR Device, recently visited the Middle East region. During this visit, he engaged in discussions with strategic partners to nurture relationships and identify potential avenues for cooperation. This visit follows HONOR’s

Markets GCC UAE

UAE supports GCC efforts to accelerate trade, industrial & investment integration & promote non-oil sector growth

News Desk 1 19/09/2023

Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, led the UAE delegation participating in the 65th GCC Trade Cooperation Committee meeting, the 51st GCC Industrial Cooperation Committee meeting, and the sixth meeting of the GCC Ministerial Committee for Standardization. The UAE delegation that attended these meetings in Salalah, Oman, included Abdullah

NEWS DESK GCC Markets UAE

Mariam Almheiri heads UAE delegation at G77+China Summit in Cuba

News Desk 1 18/09/2023

Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, headed the UAE delegation to the G77+China Summit, held in Cuba, where she met Cuban President Miguel Díaz-Canel and ministers and senior officials worldwide. Almheiri affirmed that COP28, being hosted by the UAE, is an opportunity to turn the world’s collective focus to conclude […]

Markets

Hyundai Motor Group donates AED3.68m for Morocco and Libya natural disasters

Arnold Pinto 18/09/2023 0

Amount collected from four Hyundai affiliates Hyundai Motor Group has donated AED3.68 million ($1.1 million) to assist Morocco and Libya in their recovery efforts following the recent severe earthquakes and floods in the two North African nations. The donated amount comes from the four affiliates of Hyundai Motor Group – Hyundai Motor Company, Kia, Hyundai […]

Markets

Do you know the US is the #1 country for migrants since 1970?

Arnold Pinto 15/09/2023 0

India had the most people living abroad in 2020 According to the UN’s latest data published in the latest World Migration Report 2022, the United States has been the number one country for migrants from across the globe since 1970. The report confirms that the number of foreign-born people in the continental United States has increased more […]

Automotive Markets

Motul flows into the Middle East with NGEN range of engine oil

News Desk 1 13/09/2023 0

New lineup comprises bio-sourced and premium regenerated base oils Motul, a world leader in the formulation, production, and distribution of high-tech engine oils, has launched its NGEN engine oil range in the Middle East region. The NGEN range is made of bio-sourced and premium regenerated base oils for passenger hybrid cars and motorcycles. The lubricant […]

Markets GCC NEWS DESK Saudi Arabia

One million users sign up for Saudi Arabia’s first social network

News Desk 1 10/09/2023 0

Jaco platform aiming for 5 million users by the year-end September 10, 2023: In his first appearance on the business stage of Saudi Arabia’s first social network, Jaco’, Saudi entrepreneur Fahd Al-Shidi, the project supervisor, announced that the team expects to reach five million users soon. Al-Shidi added that Jaco’s ability to collect of more […]