NEWS DESK

Emirates Development Bank is the Highest Rated Bank in the UAE and MENA Region S&P Global raises EDB credit rating to ‘AA’

News Desk 03/06/2024

S&P Global raised its long-term issuer credit rating on Emirates Development Bank (“EDB” or “the Bank”),  to AA from AA-, with the outlook remaining ‘Stable’. Being the highest credit rating given to a financial institution in the UAE and across the MENA region,

NEWS DESK

4th Regulatory Conference focuses on initiatives and efforts in building secure and transparent banking

News Desk 03/06/2024

The fourth edition of the Regulatory Conference, organised by UAE Banks Federation, the sole representative and unified voice of UAE banks, focused on efforts to enhance compliance with laws, regulations and regulatory guidelines and to meet the highest standards of governance, transparency and risk management in the UAE banking sector. The annual event is part […]

NEWS DESK

Sitar maestro, Purbayan Chatterjee set to mesmerise music lovers in Dubai

News Desk 03/06/2024

The 4th edition of “Swaralaya Symphony on Strings” concert is set to enchant audiences on June 9, 2024, at the Emirates Theatre in Jumeirah, Dubai. The show will commence at 7:00 PM, featuring an extraordinary fusion of Indian classical music and modern music, led by Purbayan Chatterjee, the acclaimed Sitar maestro and President of India […]

NEWS DESK

MENA Investments Expected to Rise as the Interest Rate Drop in 2024

News Desk 03/06/2024

According to Tenet Consulting, the subdued M&A activity witnessed in 2023, marked by its lowest step-up in a decade across numerous venture capital markets worldwide, raised concerns about the health of the investment landscape. However, anticipation is brewing for a potential turnaround in 2024, fueled by the expected drop in interest rates. This impending shift

NEWS DESK

Laundryheap Expands Footprint in Saudi Arabia, Offering Unmatched On-Demand Laundry Solutions

News Desk 03/06/2024

Laundryheap, the global leader in on-demand laundry and dry-cleaning services, and the only 24/7 laundry delivery service operating in the GCC, announced its official launch in the Kingdom of Saudi Arabia, with services now available in both Riyadh and Jeddah. This move is set to enhance convenience and efficiency in the Kingdom’s laundry service market. […]

NEWS DESK

AJMAL MAKAN to launch ‘Al Thuraya Island’ project on Sharjah waterfront

News Desk 03/06/2024

AJMAL MAKAN Real Estate Development, a leading developer of urban and mixed-use developments, is all set to launch its most recent and exquisite real estate development – Al Thuraya Island – on the Sharjah waterfront. The project will be launched during an event organised by the company on June 8, 2024, at its headquarters in […]

NEWS DESK

Hitachi Energy to secure power exchange between Sardinia and Corsica and mainland Italy

News Desk 03/06/2024

Hitachi Energy has been selected by Terna, the Italian Transmission System Operator, and EDF, the integrated French energy company, to provide high-voltage direct current (HVDC) technology to increase the supply and improve the flow of electricity over the connection between Italy’s mainland grid and the islands of Corsica and Sardinia. The interconnection, named Sa.Co.I.3

NEWS DESK

Steering logistics globally, Logimotion advisory panel meets in Dubai

News Desk 03/06/2024

Messe Frankfurt Middle East, the organisers of Logimotion, a pioneering new event for the international logistics industry, held an advisory board meeting last week to outline the key priorities for the upcoming event, which will take place from 10 – 12 December at the Dubai World Trade Centre. According to research, Dubai’s logistics industry is […]

NEWS DESK

FLOWER POWER ON A PLATE: FLOWWOW AND BISOU INTRODUCE PEONY-INSPIRED SPECIALS

News Desk 03/06/2024

Flowwow, UAE-based gifting marketplace for local brands, comes together with fine-dining restaurant Bisou, introducing an exquisite peony-inspired dessert and mocktail. The peony flower season is very short and lasts for only two months, with peonies available in May and June. This limited-time special will run from June 10 to June 30, capturing the essence of […]

NEWS DESK

NordicEPOD secures investment from Eaton and CTS Nordics to develop its capacity to manufacture standardised power modules for the European data centre industry

News Desk 03/06/2024

NordicEPOD a manufacturing firm that specialises in the fabrication and integration of standardised power modules designed for the data centre industry, has successfully secured a strategic commercial investment from both CTS Nordics, a dedicated data centre design and build company and Eaton, the global intelligent power management company. NordicEPOD helps reduce the

NEWS DESK

JAMES HOGAN INDUCTED INTO ATW HALL OF FAME

News Desk 03/06/2024

Aviation visionary James Hogan has been honoured at Air Transport World’s 50th annual awardsceremony in Dubai.In front of an audience of airline CEOs and aviation industry leaders on Friday night, James wasinducted into ATW’s Awards Hall of Fame.The honour was bestowed in recognition of his leadership as President and Chief Executive of EtihadAirways between 2006 […]

NEWS DESK

The Emirates Esports Federation reaches collaboration with MENATech to host Amazon UNIVERSITY Esports Masters

News Desk 03/06/2024

The gaming industry takes a step forward in the United Arab Emirates. The Emirates Esports Federation, an organization created by the UAE government to promote esports in the UAE by organizing and coordinating sports activities and representing the country in various external forums, has reached a collaboration agreement with MENATech Entertainment to encourage initiatives

NEWS DESK

BluSmart, the premium all-electric Limousine Service, launches in the UAE

News Desk 03/06/2024

Reaffirming its commitment to environmental sustainability and delivering superior customer experience, BluSmart, South Asia’s largest all-electric ride-hailing service and EV charging infrastructure network, today announced its entry into the United Arab Emirates (UAE) with the campaign #RideSmartDubai, marking the company’s first international foray.  This

NEWS DESK

Al Ansari Exchange Reports Remarkable Increase in Issuance of TravelCards

News Desk 03/06/2024

Al Ansari Exchange, the largest remittance and foreign exchange company in the United Arab Emirates, and a subsidiary of Al Ansari Financial Services Group (DFM: ALANSARI), is pleased to announce a significant 24% increase in the issuance of its multicurrency prepaid TravelCards  and a 28% increase in the load value during the first 4 months […]

NEWS DESK

Dhofar Global promotes sustainability across GCC countries through strategic partnership with UAE’s Palmade

News Desk 03/06/2024

Dhofar Global, a leading B2B supplier of essential products in the Middle East, and Palmade, a UAE-based company that offers locally manufactured biodegradable products, have announced a strategic partnership. The partnership aims to deliver on the sustainability promises of both companies and advance the pressing green agenda by helping businesses throughout the GCC

NEWS DESK

Axis has ambitious CO₂e reduction targets validated by the Science Based Targets initiative

News Desk 03/06/2024

In line with an ongoing commitment to reduce the impact of its own operations and its value chain on the environment, the near-term targets Axis Communications AB has set to reduce its total global greenhouse gas emissions have been validated by the Science Based Targets initiative (SBTi). Axis commits to reduce absolute scope 1 and […]

NEWS DESK

Business Lunch at FireLake Grill House & Cocktail Bar

News Desk 03/06/2024

Indulge in an exquisite business lunch experience, combining culinary excellence with a breathtaking view of the iconic Burj Khalifa. From Monday to Friday, between 12pm and 4pm, guests can relish a delectable three-course meal for only AED 120. The tantalizing offer includes a starter, main course, and house beverage, providing a perfect setting for productive […]

NEWS DESK

The World’s Light Painting Masters and GAC Work Together to Create a Chinese Giant Light-Painted Dragon

News Desk 03/06/2024

Coinciding with the Chinese Year of the Dragon in 2024, in order to celebrate the 40th anniversary of the establish diplomatic relations between China and UAE, the world’s light painting master Roywang, as the China’s premier light painter, the content partner of Xinxingshe, and the creator of three Guinness World Records, will create a Chinese […]

NEWS DESK

Takeda and Pfizer Announce Four-Year Results from Positive Phase 3 HD21 Trial of Additional ADCETRIS

News Desk 03/06/2024

Takeda (TSE:4502/NYSE:TAK) and Pfizer (NYSE: PFE) today announced that the German Hodgkin Study Group (GHSG) will present positive results from the Phase 3 HD21 trial evaluating ADCETRIS® (brentuximab vedotin) in combination with chemotherapy as a late-breaking oral presentation at the 60th American Society of Clinical Oncology (ASCO) Annual Meeting

NEWS DESK

UAE’s Samana Developers Begins Digital Transformation with Oracle

News Desk 03/06/2024

Samana Developers, a leading real estate developer in Dubai, has partnered with Oracle to commence digital transformation. The partnership will enable the developer to leverage Oracle’s cutting-edge digital solutions, offering improved operational efficiency, enhanced decision-making, and integrated business processes. Oracle will digitize the existing technology