Business

Rheinmetall’s consolidated sales rose by a significant 36% in 2024

Arnold Pinto 20/03/2025 0

Boosted by 50% rise in defence business Rheinmetall, the Düsseldorf-based global leader in defence and technology, posted significant growth across its divisions and record sales and operating results for fiscal year 2024. The company’s consolidated sales surged by 36%, reaching €9.75 billion,

Automotive Business Corporate

Troubled carmaker unveils major leadership changes

News Desk 2 19/03/2025 0

To drive future growth Nissan has unveiled significant changes to its senior management team. These changes are designed to achieve the company’s short—term and mid-term goals while positioning it for long-term growth. Effective April 1, 2025, the company will implement a reshuffling of leadership roles as part of its efforts to enhance performance and strengthen […]

Business

Nvidia unveils enhancements to RTX neural rendering ahead of GDC 2025

News Desk 2 17/03/2025 0

Strategic partnership with Microsoft For the highly anticipated Game Developers Conference (GDC), March 17-22, 2025, Nvidia has revealed several groundbreaking advancements to its RTX neural rendering technologies, set to revolutionise the gaming industry. To expand the capabilities of its AI-powered graphics systems, Nvidia has announced a strategic partnership with

Business Logistics

DP World posts $20.0 billion revenue for 2024

Arnold Pinto 16/03/2025 0

Big boost from ports and terminals DP World’s revenue increased 9.7% to $20.0 billion, for the year ended December 31, 2024, compared to $18.25 billion in 2023, showcasing a solid performance despite a challenging geopolitical environment, with significant contributions from its ports and terminals and strategic investments boosting its integrated logistics offering.

Business Saudi Arabia

PIF sets up first Saudi-owned duty-free operator

Arnold Pinto 16/03/2025 0

To boost Saudi travel retail sector Saudi Arabia’s Public Investment Fund (PIF) has established Al Waha Duty-Free Company, marking a significant milestone as the country’s first Saudi-owned duty-free operator. Al Waha, a wholly owned subsidiary of PIF, is set to become a major player in the Middle East’s travel retail sector. It will position itself […]

Business Cybersecurity

Acronis enhances leadership in OT cyber resilience

Arnold Pinto 14/03/2025 0

With growing OEM partnerships Acronis has reinforced its position as an Operational Technology (OT) cyber resilience leader, boosted by growing momentum in the Original Equipment Manufacturer (OEM) sector. Over the past three years, the cybersecurity and data protection company has seen an 82% increase in OEM integrations and OT deployments, solidifying its reputation as a

Business

Alec achieves 29% YoY growth in 2024

News Desk 2 13/03/2025 0

Boosted by subsidiaries and Saudi rollout Alec Engineering and Contracting ( Alec), one of the largest construction firms in the Middle East region, achieved 29% year-on-year (YoY) revenue growth in 2024, driven by strong performance from its subsidiaries and the company’s expansion into Saudi Arabia from neighbouring UAE. This solid growth also coincided with a […]

Business UAE

Talabat acquires InstaShop for $32 million

News Desk 2 11/03/2025 0

In major MENA push Talabat Holding, an on-demand online ordering and delivery platform in the MENA region, has acquired InstaShop Ltd, one of the region’s foremost online grocery delivery marketplaces for $32 million. The move will enable Talabat to enhance further its grocery and retail vertical and expand its presence across the MENA region. As […]

Business

Grohe to showcases innovative water feature solutions at ISH 2025

News Desk 2 08/03/2025 0

Focus on water enjoyment Grohe will exhibit its latest innovations in bathroom and kitchen fittings products at ISH 2025 in Frankfurt, Germany, from March 17 to 21, 2025. With a focus on its core ethos of ‘Pure Freude an Wasser (Pure Joy of Water), the brand’s presence at the world’s premier trade event for heating, […]

Business Tech

MWC25 Barcelona registers 109,000 footfall

Arnold Pinto 08/03/2025 0

From 205 nations and territories A total of 109,000 visitors attended MWC25 Barcelona, the world’s largest and most influential connectivity event held from March 3 to 6, 2025. It was a transformative week of industry-shaping launches and impactful collaboration, highlighting advanced mobile technology and AI. The event was pivotal for the tech world, with leading […]

Business Energy

Anmax Energy aims to energise Goa – one rooftop solar system at a time

News Desk 2 06/03/2025 0

As the future remains bright Anmak Energy, a rapidly growing solar startup based in Goa, India, is making waves in the home solar space with its innovative, affordable, and customer-centric approach. Established in 2019, the company has carved a niche by offering high-quality rooftop solar systems, delivered with remarkable speed and at unbeatable prices. With […]

Business Saudi Arabia

Key Legal Requirements for UAE Companies Expanding into the Saudi Market

News Desk 2 06/03/2025 0

With the entry of Vision 2030 in Saudi Arabia, its economic landscape has positively changed, making it an attractive country for businesses eyeing to expand.  UAE companies, in particular, have a strategic advantage due to the geographical proximity and cultural similarities between the two nations.  However, entering the Saudi market requires going through

Business

Crisis-Proofing Ideas for Your Vacation Rental Business

News Desk 2 06/03/2025 0

Running a vacation rental business is exciting, but let’s be honest—unexpected disruptions are part of the game. Whether it’s a global pandemic, economic downturn, or sudden market shifts, having a solid crisis-proofing strategy can mean the difference between thriving and barely surviving.  Here’s how you can build resilience into your vacation rental business so you

Business

TSMC to invest $100 billion in US semiconductor manufacturing

Arnold Pinto 05/03/2025 0

The largest FDI in US history TSMC has revealed plans to invest $100 billion in advanced semiconductor manufacturing in the United States. This investment will build upon the company’s current $65 billion initiative in Phoenix, Arizona, bringing the total investment in the Taiwanese company’s US operations to $165 billion. As part of this expansion, TSMC […]

Business Tech

MNOs invest 85% in global mobile internet infrastructure

News Desk 2 04/03/2025 0

GSMA report finds According to a new report by the GSMA and Kearney, Mobile Network Operators (MNOs) are the primary investors in global mobile internet connectivity infrastructure, contributing 85% of the total annual investment. This substantial investment underscores MNOs’ pivotal role in supporting digital economies worldwide. Key findings of the report John

Business

Vespia and Mastercard partner to speed up merchant onboarding

Arnold Pinto 02/03/2025 0

Including in the Middle East Vespia, an Estonian business verification (KYB) solution and Mastercard have partnered to revolutionise the merchant onboarding process. The collaboration will enable businesses in financial sectors across Latin America and the Caribbean (LAC), Europe, the Middle East, Africa (EEMEA), and Asia-Pacific (AP) regions to onboard merchants up to 90%

Business Space

Eutelsat awards major contract to Airbus

Arnold Pinto 01/03/2025 0

For OneWeb LEO constellation extension Airbus Defence and Space has been awarded a contract by Eutelsat to extend its OneWeb Low Earth Orbit (LEO) satellite constellation. The agreement marks a new phase in developing OneWeb’s global satellite network, designed to provide high-speed internet access worldwide. Under the contract terms, Airbus will be responsible for

Business

GCC hospitality boom drives modular construction surge

News Desk 2 28/02/2025 0

Linq scales capacity to serve demand The Gulf Cooperation Council (GCC) region is poised to nearly double its hotel room inventory by 2030, driving a surge in demand for faster, more cost-effective construction methods. Seizing this opportunity, Linq, a Dubai-based sustainable modular solutions provider, has expanded its production capabilities, delivering nearly 1,900

Aviation Business

Pratt & Whitney wins $1.5 billion USAF contract

Arnold Pinto 27/02/2025 0

For F-22 Raptors’ F119 engines Pratt & Whitney, a division of RTX, has secured a $1.5 billion contract to sustain the F119 engines that power the US Air Force’s F-22 Raptor fighter jets. The three-year agreement aims to enhance the readiness and reliability of more than 400 F119 engines, which have collectively flown over 900,000 […]

Business

Hydrolix joins AWS ISV Accelerate Programme

News Desk 2 26/02/2025 0

Enhancing company’s global reach Hydrolix, a pioneering company transforming the economics of log data with its innovative streaming data lake platform, has joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Programme. The AWS ISV Accelerate Programme is a co-sell initiative that connects AWS Partners with the AWS Sales team to help