Business

RAKIS 2024 concludes after 2 eventful days

News Desk 2 12/12/2024 0

Focus on investment opportunities The inaugural Ras Al Khaimah Investment and Business Summit (RAKIS), held from December 10 to 11, 2024, solidified the emirate’s commitment to long-term economic growth. The summit, a key forum for investment and innovation, offered thought-provoking

Business Education

78% of business schools integrate AI into their curricula

Arnold Pinto 11/12/2024 0

Per the latest GMAC report A new Graduate Management Admission Council (GMAC) report reveals that 78% of business schools have incorporated Artificial Intelligence (AI) into their curricula or learning experiences. The study highlights the growing importance of AI in education as business schools worldwide seek to prepare students for a rapidly changing business

Business Space

Space42 and ICEYE partner to build SAR satellites in UAE

Arnold Pinto 10/12/2024 0

Boosting nation’s EO programme Space42, a UAE-based spacetech company, and ICEYE, a Finland-headquartered global leader in Synthetic Aperture Radar (SAR) satellite operations, have signed a joint venture agreement to manufacture SAR satellites in the UAE. The venture builds upon the two entities’ collaboration, which included the launch of the UAE’s first SAR

Business Events

RAKIS set to unveil Ras Al Khaimah investment opportunities

News Desk 2 07/12/2024 0

From December 10-11, 2024 The Ras Al Khaimah Investment and Business Summit (RAKIS) is just a few days away. Scheduled for December 10-11, 2024, at the Al Hamra International Exhibition & Conference Centre, the event brings together global business leaders, investors, and policymakers. The summit aims to explore new opportunities for investment and trade in […]

Business Markets

Digital ID verification spend to exceed $26bn globally by 2029

Arnold Pinto 06/12/2024 0

Growing from $15.2bn in 2024 A new study has found that spend on digital identity verification checks will grow by 74% from $15.2 billion in 2024. This substantial growth will be attributable to new solutions that aim to reduce the friction of these checks. Juniper Research’s study identified the rising usage of behavioural biometrics as […]

Business

USAF awards $2.38 billion contract to Boeing for supply of 15 modernised KC-46A tankers

Arnold Pinto 04/12/2024 0

Tanker represents new era in air-to-air refuelling Boeing has won a $2.38 billion contract from the US Air Force (USAF) for 15 additional KC-46A Pegasus tankers, marking a crucial milestone in developing and expanding the US military’s aerial refuelling capabilities. The addition of these 15 tankers ensures that the USAF will be well-equipped to meet […]

Business Cybersecurity

Study: IoT cybersecurity market is set to reach $60 billion globally by 2029

Arnold Pinto 03/12/2024 0

As potential for cyber-attacks escalates The global Internet of Things (IoT) cybersecurity market will experience dramatic growth over the next five years, reaching $60 billion by 2029, up from $27 billion in 2024. This represents a substantial 120% increase in cybersecurity investment, driven by enterprises’ rapid expansion of IoT devices. According to a new study

Business

Avtar and Seramount launch 2025 Best Companies for Women in Gulf study

Arnold Pinto 30/11/2024 0

Entries close on December 15, 2024 Avtar Group, a leading global advocate for Diversity, Equity, and Inclusion (DEI) based in Chennai, India, has partnered with Seramount, a Washington DC, US-based company, to launch the 2025 edition of the Best Companies for Women in Gulf (BCWG) study. This influential benchmarking initiative aims to recognise companies across […]

Automotive Business

Defender signs car partnership with Dakar Rally

Arnold Pinto 28/11/2024 0

Beginning from the 2025 edition British automaker Defender has unveiled a meaningful partnership with the Dakar Rally, solidifying its position as the official car partner of the legendary rally event from 2025 to 2028. This partnership is a significant milestone for Defender and the Dakar Rally, marking a new era of collaboration. From 2026, Defender […]

Aviation Business

Tata Sons and Singapore Airlines celebrate merger of Air India and Vistara

Arnold Pinto 27/11/2024 0

Air India Group now has 300 aircraft Tata Sons and Singapore Airlines (SIA) marked a significant milestone in their longstanding partnership with a symbolic ceremony at the Taj Mahal Hotel in New Delhi to celebrate the merger of Air India and Vistara. The merger consolidates four Tata-owned airlines under the Air India Group into a […]

Business

Swiss deep-tech start-up secures $1.85m in pre-seeding funding

Arnold Pinto 27/11/2024 0

Apheros aims to transform data centre cooling Swiss deep-tech start-up Apheros has secured $1.85 million in pre-seed funding to address one of the digital infrastructure industry’s most pressing challenges: the soaring energy demands of data centres. As data centres grow in number and complexity, driven by AI, machine learning, and supercomputing advances, their

Business UAE

Dubai-based ALEC unveils ‘Robotics Strategy’

Dan Ngiam 26/11/2024 0

To automate 5% of its construction work by 2030 Dubai-based ALEC Engineering & Contracting (ALEC) has launched its ‘Robotics Strategy’ initiative, which aims to automate 5% of its construction operations in the UAE by 2030. An announcement to this effect was made at ALEC’s annual Innovation Day in Dubai, where 14 leading robotics companies and […]

Business

Cloudera launches AI assistant to boost data professionals’ efficiency

Arnold Pinto 25/11/2024 0

Integrating within data workflows Cloudera has unveiled the Cloudera Copilot for Cloudera AI, an intelligent assistant that aims to transform productivity, streamline workflows, and enhance collaboration for data scientists, engineers, and developers. With this move, Cloudera becomes one of the first major data and analytics platform providers to offer an AI assistant

Business Markets

Airbus unveils C295 Final Assembly Line in India

Arnold Pinto 22/11/2024 0

In partnership with Tata Group entity Airbus officially inaugurated its first-ever Indian final assembly line (FAL) for the C295 medium tactical transport aircraft on October 28, 2024, in Vadodara, Gujarat. This marks a significant milestone in the European company’s history, as it is the first time Airbus has established a complete aircraft production system outside […]

Aviation Business

EPI and Airbus ink deal for C295 tank production

Arnold Pinto 21/11/2024 0

The deal is for five years EPI, an Abu Dhabi-based aerospace precision engineering solutions provider, has signed a serial production contract with Airbus Defence and Space to produce C295 Cargo Compartment Removable Tanks (CCRTs) over the next five years. Airbus manufactures the C295 medium tactical transport aircraft, 300 used worldwide. The C295 CCRTs are designed […]

Business Cybersecurity

Infinigate extends Acronis’ solutions distribution in Europe

News Desk 2 20/11/2024 0

After Middle East success The Infinigate Group, a prominent technology platform and trusted advisor in cybersecurity, cloud, and network infrastructure, will extend its distribution of Acronis’ cybersecurity and data protection solutions across Europe as part of a new agreement between the two companies. In this regard, Infinigate will offer Acronis’ comprehensive

Business UAE

Gartner conference in Dubai scrutinises the future of technology

Arnold Pinto 19/11/2024 0

Deliberations feature CIOs and IT experts Dubai is hosting one of the most anticipated events for technology leaders: the Gartner CIO & IT Executive Conference. The conference, November 19-21, 2024, brings together hundreds of CIOs, IT professionals, and Gartner experts, offering attendees a unique opportunity to connect with some of the world’s leading

Business UAE

250 electric taxis are set to hit Dubai’s roads

News Desk 2 18/11/2024 0

In a push for sustainability Dubai Taxi Company (DTC) has secured 250 new taxi licence plates at an auction held by Dubai’s Roads and Transport Authority. With these new licence plates, DTC’s total fleet size will amount to 6,210 taxis, and the taxi operator will generate an additional AED85 million in annual revenue. DTC will […]

Business

Nokia acquires Rapid technology and R&D unit

Arnold Pinto 14/11/2024 0

Boosting growing network API portfolio Nokia has announced its acquisition of Rapid’s technology assets, including the world’s largest API hub used by thousands of developers worldwide and its highly skilled research and development unit. The acquisition – financial details of which were not disclosed – is a strategic move to enhance Nokia’s growing network API

Automotive Business

Jaguar Land Rover reports resilient Q2 FY25 performance

Arnold Pinto 14/11/2024 0

With 25% increase in H1 profits Jaguar Land Rover (JLR) has registered a resilient performance for the second quarter (Q2) of FY25, marking its eighth consecutive profitable quarter despite temporary production challenges due to aluminium supply shortages. The British company reported revenue of £6.5 billion for the quarter, a 6% decline compared to Q2 FY24. […]