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NEWS DESK

Get the latest press releases on menew247.com. Direct from the source, we bring you official announcements, statements, and news from key industries and government entities across the Middle East. Stay informed with real-time updates on launches, events, and strategic initiatives.

NEWS DESK

Energy Vault Announces Successful Testing and Commissioning of First EVx 100 MWh Gravity Energy Storage System

Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault”), a leader in sustainable, grid-scale energy storage solutions, today announced the successful testing and commissioning of the Rudong EVxâ„¢ gravity energy storage system (GESS) by China Tianying Co., Ltd (CNTY). Testing included the successful charging and discharging of units of the 25 MW/100 MWh GESS
NEWS DESK

Blackstone Appoints Philip Sherrill as Global Head of Insurance

Blackstone (NYSE:BX) today announced the appointment of Philip Sherrill as Global Head of Insurance. In his new role, Mr. Sherrill will focus on growing the firm’s insurance platform globally, working closely with Gilles Dellaert, Global Head of Blackstone Credit & Insurance. Blackstone’s insurance platform has tripled in size since 2020, recently surpassing $200
NEWS DESK

ManageEngine Announces Integration with Constella Intelligence for Proactive Supply Chain Risk Management  

ManageEngine, a division of Zoho Corp. and a leading provider of enterprise IT management solutions, today announced the integration of its SIEM solution, Log360, with Constella Intelligence, a digital risk protection platform, in a move that equips organizations with a critical first line of defense against supply chain attacks. Gartner projects that 45% of organizations
NEWS DESK

Ahmed bin Saeed opens Arabian Travel Market 2024

Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority (DCAA), Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group, inaugurated Arabian Travel Market (ATM) 2024, the leading global travel and tourism event being held at the Dubai World Trade Centre (DWTC) from 6-9 May, The record-breaking edition […]
NEWS DESK

Fitch Upgrades Bank of Sharjah’s VR to ‘b-‘ and Affirms IDR at ‘BBB+’ with a Stable Outlook

Bank of Sharjah is pleased to announce that Fitch Ratings has affirmed its Long-Term Issuer Default Rating (IDR) at ‘BBB+’with a stable outlook and upgraded its Viability Rating (VR) to ‘b-‘ from’ccc+’. The VR upgrade reflects the bank’s improved consolidated capitalisation following the reclassification of Emirates Lebanon Bank (ELB), its 100%
NEWS DESK

IHC Records Exceptional 87.6% Growth

International Holding Company (ADX:IHC), the global diversified Abu Dhabi-based conglomerate, announces a 87.6% growth for the first quarter of 2024 with AED 8.0 billion in Net Profit (vs. AED 4.3 billion in Q1 2023), showcasing significant growth and a steadfast commitment to enhancing shareholder value. This growth was propelled by strong performances across IHC’s core
NEWS DESK

Discover Indonesia’s Wildlife Wonderland, Taman Safari Indonesia’s Showcase at Arabian Travel Market 2024

Indonesia aims to reaffirm its position as a top global travel destination at the Arabian Travel Market 2024, with a special focus on engaging the Middle East region. Led by Sandiaga Salahuddin Uno, Minister of Tourism and Creative Economy/Head of the Tourism and Creative Economy Agency, the Indonesian delegation aims to strengthen bilateral relations while […]
NEWS DESK

ATMECS Global Accelerates AI Innovation by Joining the NVIDIA Partner Network as Solution Advisor Consultant

ATMECS Global, renowned for its prowess in digital transformation and engineering solutions, proudly announces that it has joined the NVIDIA Partner Network as a Solution Advisor Consultant. The milestone marks a pivotal step in ATMECS’s journey to redefine the AI and ML landscape, amplifying its commitment to innovation and excellence in delivering next-generation AI
NEWS DESK

Mavenir and Amazon Web Services Join Forces to Usher in a New Era for Public Cloud-Based Telco Networks

Mavenir, the cloud-native network infrastructure provider building the future of networks, today announces the signing of a five-year Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) set to revolutionize the deployment of telecom workloads running on the AWS. The strategic collaboration sees the companies jointly architect Mavenir’s technology to
NEWS DESK

Qatar Airways Sets the Stage for the Future of Travel at the Arabian Travel Market 2024

Qatar Airways, an unprecedented seven-time winner of the ‘World’s Best Airline’ award, has captured the spotlight on the opening day of the Arabian Travel Market (ATM) 2024, with a stunning holographic display of Sama, the airline’s second-generation AI-powered digital human cabin crew. This innovative display, along with a cutting-edge stand featuring multi-sensory-rich
NEWS DESK

Competition & Disruption Set to Intensify as Middle East Aviation Enters Next Wave of Transformation

The next wave of rapid transformation may see some aviation markets triple in size in the next decade according to data from OAG in its latest industry report ‘Middle East Aviation: Transformation, Growth and Future Challenges’ but there are still new challenges ahead. The report has been released to coincide with this week’s Arabian Travel Market
NEWS DESK

Bridgestone Showcases Innovative Fleet Solutions, Highlighting Future of Mobility in the MEA Region

Bridgestone MEA, a global leader in tyres and sustainable mobility solutions, participated in the Mobility Live ME 2024 showcasing its cutting-edge fleet solutions and sustainable practices. The event, which was held recently at the Abu Dhabi National Exhibition Centre (ADNEC), focused on smart, sustainable transport and electric vehicles, attracting industry leaders to
NEWS DESK

GE Vernova ‘Power Supplier Partnership Summit’ Strengthens Regional Supply Chain

GE Vernova’s Gas Power business (NYSE: GEV) held the annual regional ‘Power Supplier Partnership Summit’ in Dubai, UAE, convening over 200 representatives from up to 135 organizations in person and virtually from across Europe, Middle East, Africa, and beyond. The event featured insightful presentations and case studies, interactive discussions, and one-on-one