Governments that treat artificial intelligence as part of their core operating infrastructure — rather than a collection of standalone projects — are better positioned to scale AI sustainably across public services, according to new research published by Yango Group and INSEAD. The paper, AI as
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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.
MoneyHash, the payment orchestration platform for emerging and global markets, has appointed Hwan Lee as its new Regional Director for Africa. The strategic hire reflects MoneyHash’s continued expansion across high-growth African markets and its broader vision of helping businesses scale and manage complex payment operations across providers, methods, and markets in
This week, Pakistan successfully issued a 3-year RMB 1.75 billion panda bond in the Chinese interbank market for the first time. This milestone transaction not only broadened Pakistan’s international financing channels but also marked its first entry into the Chinese capital market. Standard Chartered (China) Ltd. Co, as the only foreign bank serving as joint […]
In a landmark moment for both the mobility and insurance sectors, Dubai Insurance has been appointed as the 1st official insurance provider for the newly introduced autonomous taxi fleet operated by Dubai Taxi Company, marking the first time regionally that a fully driverless commercial taxi fleet is insured under a dedicated framework. The announcement […]
In collaboration with Dubai Sports Council, Ski Dubai announced the winners of the seventh edition of DXB Snow Run, which took place on Sunday, 17 May. The unique event saw 1,000 athletes aged 13-70 from 70 nationalities, including 327 Emiratis, running either 3km or 5km on the slopes of the World’s Best Indoor Ski Resort. […]
For many drivers in the UAE, the delivery of a new car remains a memorable moment. Yet for premium automotive brands today, the real test of ownership begins long after the first drive home. In a market where design, technology and performance increasingly converge across manufacturers, the ownership experience itself is becoming a meaningful point […]
Deem Finance today announced the signing of a strategic partnership agreement with Yusr, a regulated fintech with an established track record in Kazakhstan, as Yusr expands its operations into the United Arab Emirates. The partnership marks another step in Deem’s broader strategy to collaborate with credible fintech innovators to build scalable, customer-centric and
U.S. Markets The S&P 500 ended last week marginally lower after hitting an all-time high of $7,516. On Friday, it fell 1.38% as bond yields around the world rose. The U.S. 30-year Treasury bond yield hit its highest level in around a year. The inflation data released last week makes the Federal Reserve cutting rates […]
SAS, a global leader in data and AI, today announced expansions to SAS® Viya® that advance the platform’s agentic AI features, introducing new AI assistants, agent infrastructure and acceleration tools. Together, these updates build on SAS Viya’s existing AI foundation, helping organizations move from isolated generative AI use cases to governed, production-ready
Government bond yields are rising across major economies including the US, UK, Europe and Japan, as investors reassess inflation risks amid higher energy prices, geopolitical tensions and growing fiscal pressures. The move higher in sovereign yields reflects increasing market acceptance that interest rates may remain elevated for longer than previously expected, despite
Coffee Planet has announced the promotion of Ahmed Khalifa to Sales Director, marking a strategic step in strengthening its leadership structure as the company accelerates its regional expansion across the GCC and beyond. As one of the region’s most integrated coffee solutions providers, Coffee Planet continues to scale its operations across horeca, retail, and corporate
MAGRABI Retail, the Middle East’s largest eyewear retailer, announces the proposed acquisition of 51% of the issued share capital of the Baraka Optics Group, one of the largest premium optical retail chains in Egypt. The transaction remains subject to customary regulatory approvals, including clearance from the Egyptian Competition Authority. Founded in 1979 by
Gulf Mercantile Exchange (“GME”) today announced the highest weekly trading volume in the history of the exchange, with more than 69052 contracts traded during the week of 11 May 2026, equivalent to 69 million barrels of Oman crude oil. The milestone marks the strongest trading week recorded on the exchange in two decades. It […]
Demonstrating excellence in advanced cardiac care, Aster Hospital, Al Qusais has successfully treated a 32-year-old man suffering from a severely narrowed heart valve caused by rheumatic disease (rheumatic mitral stenosis) using a highly specialized and innovative surgical approach known as the “Ship Technique.” This case highlights the hospital’s expertise in advanced
The Zayed Charity Run successfully concluded its landmark inaugural edition in Budapest, bringing together more than 1000 participants in a vibrant celebration of solidarity and shared purpose, marking a significant new milestone in its global journey and further reinforcing its position as a leading international platform for humanitarian giving, unity, and community
Located at Mina Al Salam with pristine views of the Burj Al Arab, MEI continues to offer a line-up of dining experiences spanning brunches, curated menus and sunset drinks. Every Thursday from 7:00 PM to 1:00 AM, MEI hosts its Thursday Night Brunch, bringing together a lively evening brunch experience with three-hour packages priced at AED 275 for the non-alcoholic option
Shyam Middle East Resources FZ-LLC, part of India’s renowned Shyam Steel Group, is establishing a new non-ferrous metals processing and manufacturing facility at Al Ghail Industrial Zone in Ras Al Khaimah Economic Zone (RAKEZ). With an investment of AED 40 million, the project marks a significant step in the Group’s global expansion strategy, strengthening its […]
London Business School (LBS) hosted its 23rd Annual MENA Conference at the School’s London campus. The conference is a landmark gathering that continues to shape conversations around innovation, entrepreneurship, investment, and impact in the Middle East and North Africa (MENA) region. This year’s conference built on a proud legacy of insight, dialogue, and regional
Eden Hills, an exclusive community development by H&H, is taking shape as a nature-led neighbourhood, with construction progressing steadily across the masterplan. Set around expansive green spaces and a Central Wadi, it brings together 330 contemporary villas and plots, walkable surroundings, and thoughtfully integrated amenities, offering a more refined approach to
Cohesity, the leader in AI-powered data security, today announced a significant expansion to its seven-year strategic collaboration with HPE to further help customers improve cyber resilience, simplify hybrid cloud operations, and recover faster from disruption. The enhanced alliance introduces new resell agreements, deepens technical integrations, and strengthens





























