Banking Markets

Investors Concerned Over Prevailing Market Uncertainty

Arnold Pinto 12/05/2024

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’

Aviation Markets

Indigo Orders 30 Airbus A350-900 Aircraft

News Desk 11/05/2024

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

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

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

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

PR News Desk 04/04/2024

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

Markets Saudi Arabia

Informatica Sets Up AI-Powered IDMC Asset In Saudi Arabia

Arnold Pinto 03/04/2024

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 Delivery (PoD) in Riyadh. The initiative, which reflects the California-based

Markets

Spanish Ceramic Tile Industry Confronts Challenges With Innovation

Arnold Pinto 27/03/2024

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

PR News Desk 15/03/2024

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

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

PR News Desk 08/03/2024

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

PR News Desk 06/03/2024

‘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

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

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

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

PR News Desk 24/09/2023

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

PR News Desk 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

PR News Desk 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

PR News Desk 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

PR News Desk 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