Business Saudi Arabia

Nokia and Zain KSA to launch connectivity solutions for enterprises

Arnold Pinto 14/02/2025 0

First 4G/5G Femtocell solution in MEA Nokia and Zain KSA have entered a strategic partnership to implement the Middle East and Africa (MEA) region’s first 4G/5G Femtocell solution. This innovative collaboration aims to bridge mobile coverage gaps and enhance connectivity for enterprise

Aviation Business

Lufthansa Group acquires 41 per cent stake in ITA Airways

Arnold Pinto 13/02/2025 0

A significant expansion for both parties Lufthansa Group has officially finalised its acquisition of a 41 per cent stake in ITA Airways, marking the Italian airline’s integration into Europe’s leading aviation group. After receiving regulatory approval from the European Commission and competition authorities outside the EU, the deal involved a capital increase of 325

Business

Cognizant and McDonald’s renew strategic partnership

News Desk 2 10/02/2025 0

To drive innovation in AI Cognizant and McDonald’s Corporation have announced a multi-year extension of their strategic partnership, initially formed in 2017. The renewed agreement will continue to leverage cutting-edge technologies to improve McDonald’s operational efficiency, customer experience, and staff enablement. Cognizant will support McDonald’s in key areas,

Business Sustainability

Nissan to expand use of green steel in Japan

News Desk 2 09/02/2025 0

Aims for FY2025 use to be higher Nissan Motor has unveiled plans to increase its use of low-CO2-emission steel in Japan dramatically. It aims to quintuple its use by fiscal year 2025 compared to fiscal year 2023. This bold initiative is part of Nissan’s broader strategy to reduce carbon emissions and move towards carbon neutrality. To […]

Business

Turkish Airlines implements CAE’s Crew Management solution

News Desk 2 09/02/2025 0

Platform improves crew productivity CAE has partnered with Turkish Airlines, moving forward with a long-term agreement to implement CAE’s next-generation Crew Management product and Unified Task Board. The solution will enhance Turkish Airlines’ operations control centres (OCCs) and complement the airline’s long-standing use of CAE’s Flight Plan Management

Business

Mobily and iBasis strengthen global mobile data services pact

News Desk 2 08/02/2025 0

Signed at Capacity Middle East 2025 Etihad Etisalat (Mobily), one of Saudi Arabia’s leading digital enablers in the technology, media, and telecom (TMT) sector, has extended its partnership with iBasis, a global leader in communications solutions for operators and digital players. The new agreement, signed at Capacity Middle East 2025, renews their multi-service IPX

Business News Tech

Gogo, Satcom Direct, and Airbus in new partnership

Arnold Pinto 08/02/2025 0

For Airbus corporate jets Gogo Business Aviation and Satcom Direct have finalised a comprehensive Memorandum of Understanding (MoU) with Airbus. The agreement marks the beginning of a partnership to bring advanced, low-latency, high-speed broadband internet to Airbus Corporate Jets (ACJ) operators. Under the MoU, Gogo’s cutting-edge Air-to-Ground (ATG), FlightDeck Freedom,

Business Space

Thales Alenia Space to develop Emirates Airlock Module

Arnold Pinto 06/02/2025 0

For NASA’s Lunar Gateway Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), has signed a contract with the Dubai-based Mohammed Bin Rashid Space Centre to design and develop the Emirates Crew and Science Airlock Module. This critical element will be docked to NASA’s Lunar Gateway cislunar space station and play a […]

Business

Serco to acquire Northrop Grumman’s MT&S business

Arnold Pinto 03/02/2025 0

Deal is worth $327 million Serco, a UK-based Serco Group subsidiary, has agreed to acquire Northrop Grumman’s Mission Training and Satellite Ground Network Communications Software (MT&S) business for $327 million (£264 million) in cash. The acquisition positions Serco to expand its footprint in the US defence sector, as MT&S offers the US military advanced mission

Business Defence & Security

First British-Made Boxer armoured vehicle debuts

News Desk 2 02/02/2025 0

At International Armoured Vehicles Conference January 21, 2025, marked a historic moment for UK defence. The first British-made Boxer armoured vehicle was unveiled at the International Armoured Vehicles (IAV) Conference. UK Minister for Defence Procurement and Industry Maria Eagle was honoured to present the car. This signals a significant step in the UK’s return to […]

Business Markets

India’s smartphone market posts 9% revenue growth in 2024

Arnold Pinto 31/01/2025 0

Driven by premium segment According to Counterpoint’s Monthly India Smartphone Tracker, the Indian smartphone market saw a significant surge in wholesale revenue in 2024, reaching a record high with a 9% year-on-year (YoY) increase. Despite a modest 1% YoY shipment increase, totalling 153 million units, the market shifted towards more expensive devices, driving up

Automotive Business

Suzuki, Daihatsu, and Toyota target 2025 launch for BEVs

News Desk 2 30/01/2025 0

For carbon-neutral logistics Suzuki Motor Corporation, Daihatsu Motor, and Toyota Motor Corporation have revealed their plans to release mini-commercial van electric vehicles (BEVs), aiming for a fiscal 2025 launch. The trio of companies, each with longstanding expertise in the automotive sector, is collaborating to offer a sustainable transportation solution that meets

Business

Alice & Bob secures €100m Series B funding

News Desk 2 29/01/2025 0

To revolutionise quantum computing Alice & Bob, a pioneering company in the race for fault-tolerant quantum computing, has raised €100 million in its Series B funding round. The investment, led by Future French Champions (FFC), AXA Venture Partners (AVP), and Bpifrance, will accelerate the company’s efforts to build the world’s first practical and scalable quantum […]

Business Tech

DeepSeek disrupts market with budget-friendly R1 model

Arnold Pinto 29/01/2025 0

Rivalling larger AI models Chinese artificial intelligence (AI) company DeepSeek launched its R1 model last week, causing significant disruption in the AI industry. The announcement sent shockwaves through the stock market, causing the Nasdaq to drop by 3 per cent on Monday, a decline attributed to a nearly 17 per cent loss in shares of […]

Business

Serco consortium wins key maintenance contract

News Desk 2 28/01/2025 0

For Belgian and Dutch mine countermeasure fleets The Belgian and Dutch navy has awarded Serco, Exail Robotics Belgium, and Naval Group Belgium a significant maintenance contract for their Mine Countermeasure (MCM) vessels. The contract, known as 24NSPER, is part of a broader effort to modernise and maintain the MCM fleets, ensuring they remain operational and […]

Aviation Business

Leonardo signs MoU with Saudi Arabia

Arnold Pinto 28/01/2025 0

To boost aerospace and defence Leonardo has signed a Memorandum of Understanding (MoU) with the Ministry of Investment (MISA) and the General Authority for Military Industries (GAMI) of Saudi Arabia. The MoU focuses on expanding collaboration in the aerospace and defence sectors, marking a significant step forward in the companies’ long-standing partnership. The

Business

Digital commerce spend set to reach $34 trillion by 2029

Arnold Pinto 27/01/2025 0

Driven by growth in emerging markets A new study has revealed that global digital commerce spending will surge by 65% from 2024 to 2029, reaching an estimated $34 trillion by the decade’s end. This significant growth, up from $23 trillion in 2024, is primarily attributed to the expanding digital economies in Latin America and Asia […]

Business Crypto

DYOR partners with Ava Labs

News Desk 2 26/01/2025 0

To enhance crypto users’ resources DYOR, a cutting-edge cryptocurrency research and analytics platform, has announced a strategic partnership with Ava Labs, the innovative company behind the Avalanche blockchain and AVAX token. The partnership aims to enhance crypto users’ resources and capabilities while Ava Labs significantly reduces gas fees on its platform

Business

World leaders outline bold visions for the future

Arnold Pinto 26/01/2025 0

At annual meeting 2025 in Davos Global leaders at the World Economic Forum Annual Meeting in Davos have unveiled ambitious plans and shared compelling visions for the world’s future. This year’s event, which brought together around 3,000 policymakers, business leaders, and activists, was marked by high-profile speeches, including one from US President Donald J.

Business Logistics

UD Trucks drives into 2025 with optimism as GCC market demand remains strong

Arnold Pinto 21/01/2025 0

With 26% market share growth in 2024 Amid a global economic landscape marked by uncertainty and geopolitical instability, UD Trucks is preparing to navigate the challenges ahead while continuing to meet rising demand in key markets, especially within the Gulf Cooperation Council (GCC) region, said Mourad Hedna, President of UD Trucks (MEENA), while briefing the […]