Aviation Business UAE

MBRAH and ATS Technic to set up MRO facility in Dubai South

News Desk 1 10/03/2024 0

Facility to cater to VIP aircraft In a significant move to bolster the aviation sector in the United Arab Emirates, the Dubai-based Mohammed Bin Rashid Aerospace Hub (MBRAH) has signed a strategic agreement with ATS Technic, the first independent EASA maintenance organisation in the UAE, to

Business Markets UAE

World Gold Council opens regional office in Dubai

News Desk 1 08/03/2024 0

The move aims to facilitate gold trade in the Middle East The World Gold Council (WGC), headquartered in London, UK, has opened a new office in Dubai, serving as its regional headquarters for the Middle East region. The office is in the Dubai Multi Commodities Centre (DMCC) free zone in Dubai City, one of the […]

Business Telecom

Soaring growth seen in global IoT eSIM connections by 2028

Arnold Pinto 08/03/2024 0

Automotive, logistics, and O&G sectors to benefit greatly New research predicts a remarkable surge in global IoT eSIM connections, reaching nearly 1.3 billion by 2028, up from 165 million in 2024. This exponential growth is attributed to the emergence of advanced eSIM specifications, which offer enhanced flexibility for enterprises to remotely provision eSIM profile

Business Retail Shopping UAE

Dubai Mall attracted a record 105 million visitors in 2023

News Desk 1 07/03/2024 0

20 million visited in the first two months of 2024 The Dubai Mall celebrated a milestone by hosting an unprecedented 105 million visitors in 2023, marking an impressive surge of more than 19% from the previous year’s 88 million. Sales performance in 2023 also demonstrated robust figures. Statistics released by Emaar Malls Management on March […]

Business Defence & Security UAE

UAE’s EDGE Group enters pact with Spain’s Indra

Arnold Pinto 07/03/2024 0

JV to produce next-gen radar systems in the UAE The Abu Dhabi-based EDGE Group has formalised a new Joint Venture (JV) agreement with Spain’s Indra Sistemas (Indra), a leading global technology and consulting company. The agreement, signed in Madrid by Hamad Al Marar, EDGE Managing Director & CEO, and Jose Vicente de los Mozos, CEO […]

Business Tech

Cloudera transforms on-premises data experiences for trusted analytics and AI at scale

News Desk 1 07/03/2024 0

Open data lakehouse with Apache Iceberg for private clouds now available  Cloudera has launched the latest phase of its open data lakehouse on a private cloud. With the new rollout, the preferred data partner for the world’s most renowned companies has become the only provider to offer an open data lakehouse with Apache Iceberg for […]

Business Finance

AML systems expenditure seen at $65bn globally by 2028

News Desk 1 06/03/2024 0

Fuelled by AI’s advancements in risk assessment There is likely to be an 80% surge in total spending on third-party Anti-money Laundering (AML) systems by 2028, reaching $65.62 billion, up from $36.43 billion in 2024, according to ‘Global AML Systems Market 2024-2028’ – a new study conducted by Juniper Research – a leading authority in […]

Business Interviews

Tile by tile the beautiful story gets told

Arnold Pinto 06/03/2024 0

Indian manufacturer floors the competition Two globally renowned tile brands – Restile and The Tile Story – under Bell Granito Ceramica Limited (BGCL) exhibited at CEVISAMA – the leading international trade event for the ceramic, bathroom equipment, and natural stone sectors – held at Feria Valencia in Valencia, Spain, from February 26 to March 1, […]

Business Education UAE

7 Mustaqbalkom trainees graduate in the UAE

News Desk 1 05/03/2024 0

Richemont initiative preps Emiratis for luxury sector role Richemont Group has announced the graduation of the first cohort from its Mustaqbalkom Trainee Programme in the United Arab Emirates. This unique initiative, meaning ‘your future’ in Arabic, is a stepping stone for Emirati bachelor’s and master’s graduates to explore diverse career options within the prestigious

Business Finance

Global business evolves amidst AI and IT resurgence

News Desk 1 04/03/2024 0

Asian semiconductor companies playing a pivotal role In the ever-changing landscape of Artificial Intelligence (AI) and Information Technology (IT), investors are finding solace as the uptrend in risk assets, notably stocks, broadens globally across various regions and sectors. While concerns of German ‘deindustrialisation’ loom, recent shifts in the energy

Business Saudi Arabia

Cloudera to unveil GenAI and data innovations at LEAP 2024

News Desk 1 02/03/2024 0

Company reiterates support for regional tech community Cloudera, the Santa Clara, California-headquartered data company for enterprise AI, is exhibiting at the third annual edition of LEAP, Saudi Arabia’s premier technology expo, in Riyadh from March 4-7, 2024. The company’s upcoming participation in the largest tech event in the MENA region underscores its

Business

BlueZoo revolutionises retail media networks

News Desk 1 02/03/2024 0

BrightSign Series-5 media players roped in BlueZoo, a pioneer in audience measurement for out-of-home advertising and Retail Media Networks, has unveiled a groundbreaking development by delivering its impressions measurement software for global deployment on BrightSign’s latest Series-5 digital media players. This integration propels in-store digital signage to new

Business Defence & Security UAE

NIMR unveils next-gen armoured vehicle

News Desk 1 01/03/2024 0

Jais MK2 makes debut at World Defence Show 2024 In a significant development signalling technological advancement in military vehicle manufacturing, the EDGE Group’s subsidiary, NIMR, a renowned producer of combat-proven wheeled military vehicles, has officially launched the Jais Mark 2 (MK2). The unveiling came on the heels of the World Defence Show (WDS) 2024, held

Business Tech

Google rakes in $237.8 billion ad revenue in 2023

Arnold Pinto 01/03/2024 0

Second-smallest growth in 2 decades, trails behind rivals In a digital landscape where brands and marketers have poured a staggering $3 trillion into digital advertising over the last five years, industry titan Google has faced a notable decline in ad revenue growth. According to data from AltIndex.com, Google’s advertising revenue experienced a modest 5.9%

Business Tech

IBM grapples with unprecedented patent decline

Arnold Pinto 29/02/2024 0

The shifting tech landscape is seen as the prime reason In a surprising turn, IBM, a longstanding leader in patent acquisition for the past 29 years, is facing a significant setback as its patent filings witnessed a sharp decline of 60% over the past two years, as reported by Stocklytics.com. This decline coincides with a […]

Business GCC UAE

UAE emerges as a global hub for start-ups

News Desk 1 29/02/2024 0

Flat6Labs study sees rise in female-founded units Flat6Labs, a Cairo-based seed and early-stage venture capital firm has reported a substantial increase in international start-ups seeking to establish their global hub in the UAE. The data, derived from an analysis of over 4,000 applications spanning five cycles of its Ignite seed funding and incubator programme from […]

Aviation Business Logistics

Cathay Cargo expands its digital integration programme

News Desk 1 28/02/2024 0

Carrier enhances its freight booking experience Cathay Cargo, a global leader in cargo services, has taken a significant step in its digitalisation journey by unveiling a groundbreaking Application Programming Interface (API) connection for DB Schenker’s agents. This API provides seamless access to Cathay Cargo’s Click & Ship booking platform, allowing DB

Bahrain Business Kuwait Oman Qatar Saudi Arabia UAE

Ford Middle East posts 63% surge in sales for 2023

Arnold Pinto 28/02/2024 0

UAE leads regional growth with a 57% increase Ford Middle East is celebrating a stellar year of sales in 2023, marking a remarkable 63% rise across the Middle East region over the previous year. This achievement is attributed to the exceptional performance of key vehicles, including the Ford Territory, Ford Taurus, Ford F-150, and Ford […]

Business Food & Beverage Interviews

Here’s why the Middle East relishes the taste of ATI

Arnold Pinto 27/02/2024 0

American brands, quality, and unique flavours are a sell-out Established in 1995 and headquartered in Los Angeles, California, American Trading International (ATI) is a premier food & beverage company specialising in facilitating seamless import and export transactions for American and international companies. Exporting from the US to 81+ countries – including 14 in

Business Events GCC UAE

WEF hosts TradeTech Forum 2024 in Abu Dhabi this week

Arnold Pinto 26/02/2024 0

Forum to discuss advanced technologies in global trade The World Economic Forum (WEF) is bringing together 300 ministers, business leaders, trade experts, and representatives from civil society to explore the utilisation of cutting-edge technologies in global trade. Being held on February 27, 2024, at the Abu Dhabi National Exhibition Centre – TradeTech Forum 2024