Business Defence & Security GCC Saudi Arabia

Saudi Arabia and Leonardo sign strategic partnership

Arnold Pinto 08/02/2024 0

Pact covers defence and aerospace advancements Saudi Arabia’s Ministry of Investment and the General Authority for Military Industries have inked a Memorandum of Understanding (MoU) with Leonardo to explore, develop, and assess various investment and collaboration prospects within the

Business GCC UAE

2 new AWS Europe branches in UAE begin charging VAT

Arnold Pinto 08/02/2024 0

Tax invoices are also issued for UAE-based AWS accounts The two new local branches of Amazon Web Services EMEA (AWS Europe) located in Abu Dhabi and Dubai have begun charging local value-added tax (VAT) and issuing tax invoices for AWS accounts based in the UAE with effect from February 1, 2024. Launched on February 1, […]

Travel Business Lifestyle

Airbnb updates terms for pre-January 25, 2024 users

Arnold Pinto 07/02/2024 0

Evolving business determines new updates Airbnb has informed users who created their accounts on the short- and long-term homestay platform before January 25, 2024, about mandatory changes (updates) coming into effect after March 28, 2024. The updates apply to the platform’s Terms of Service, Payments Terms of Service, Host Damage Protection Terms, Rebooking

Business Sustainability

Mubadala and Infracapital spearhead investment in Zenobē

Arnold Pinto 07/02/2024 0

Zenobē specialises in EV fleet solutions and battery storage Mubadala Investment Company (Mubadala), the Abu Dhabi sovereign investor, has strategically invested in Zenobē, a London-based leader in fleet electrification and battery storage solutions. This move, in collaboration with Infracapital, M&G’s infrastructure equity investment arm of M&G, solidifies

Business Lifestyle

Meta posts record-breaking earnings in 2023

Arnold Pinto 06/02/2024 0

Facebook ends year with 3 billion monthly users Meta, the parent company of Facebook, has disclosed that the world’s leading social media platform concluded 2023 with unprecedented earnings and with a staggering 3.07 billion monthly active users, marking a notable 3% increase from 2022. Meta’s advertising business also exceeded analyst predictions during the fourth

Business Tech

Gartner: Global IT spending is poised to click $5 trillion in 2024

Arnold Pinto 06/02/2024 0

IT services to outpace communications services Worldwide IT spending is poised to reach $5 trillion (6.% growth) in 2024 according to the latest Gartner tech industry forecast. Although this projection marks a slight decrease from the previous quarter’s forecast of 8% growth, it still highlights a positive trajectory for the tech industry. Notably, IT services […]

Tech Business Events

MWC Barcelona 2024 launches ‘Future First’ theme

Arnold Pinto 05/02/2024 0

Event convenes tech, innovation, and global bonding GSMA, the organiser of MWC Barcelona (Mobile World Capital), has revealed a future-driven theme and a stellar lineup of speakers for the iconic global mobile technology ecosystem taking place from February 26-29, 2024, at the Fira Gran Via venue of Fira Barcelona under the theme of ‘Future First.’ […]

Business Tech

Global PC market recovered partially in Q4 2023

Arnold Pinto 05/02/2024 0

Gartner sees annual growth returning to PC sector in 2024 The worldwide PC market witnessed a slight uptick in the fourth quarter of 2023, signalling a potential turnaround after eight consecutive quarters of decline, as newly reported by Gartner. While the year 2023 recorded an overall annual decline of 14.8%, the quarter-over-quarter increase offers a […]

Business UAE

Global initiative launched to combat illicit hand-carried gold

Arnold Pinto 04/02/2024 0

WGC and DMCC lead a new partnership with stakeholders In a concerted effort to tackle the persistent trade of illicit hand-carried gold globally, the World Gold Council (WGC) and the Dubai Multi Commodities Centre (DMCC) have launched a strategic partnership to fortify and standardise international regulations and procedures and plug a critical gap in the […]

Business Sustainability UAE

Serco strengthens its ESG offerings with acquistion of Climatize

News Desk 1 03/02/2024 0

The focus is on a sustainability-driven mindset In a strategic move aimed at enhancing its capabilities in environmental services, Serco, the global public services company, has acquired Climatize Engineering Consultants, a Dubai-based environmental and sustainability service provider. The acquisition aims to assist Serco’s clients in meeting their Environmental, Social,

Business

Global gold demand peaks in 2023 despite challenges

Arnold Pinto 02/02/2024 0

Geopolitical uncertainty may drive up gold interest in 2024 The World Gold Council’s latest Gold Demand Trends report reveals that global gold demand reached a new annual record in 2023, hitting 4,899 tons when factoring in over-the-counter (OTC) markets and other sources. The report, released on January 31, 2024, indicates that this surge comes despite […]

Events Business

Venice to host seaplanes and amphibious aviation conference

News Desk 1 31/01/2024 0

Event for amphibious and seaplane sector professionals The Future Opportunities for Seaplanes and Amphibious Aviation (FOSAA) conference makes its debut in Venice, Italy, on March 20, 2024. Organised by Quaynote Communications, the first-of-a-kind event in conjunction with Arena Group Associates will provide a dedicated platform for the amphibious and seaplane industry to

Business GCC Saudi Arabia Sport Sustainability

Saudi PIF signs Electric 360 pact to boost electric motorsports

Arnold Pinto 31/01/2024 0

PIF also reveals its refreshed brand identity Saudi Arabia’s Public Investment Fund (PIF) has unveiled a transformative multi-year partnership, Electric 360, with Formula E, Extreme E, and E1 powerboat racing, intending to advance the global landscape of electric motorsports. The Electric 360 initiative aims to propel the growth of electric motorsports and revolutionise

Business GCC Retail UAE

YouGotaGift partners with Carrefour UAE for HappyYou gift cards

Arnold Pinto 30/01/2024 0

HappyYou card is the sole multi-brand gift card in MENA YouGotaGift, the platform of digital multi-brand gift cards in the Middle East, has joined forces with Carrefour, exclusively operated by Majid Al Futtaim in the UAE, to bring its unique ‘phygital’ HappyYou Gift Cards to all Carrefour outlets across the UAE. This strategic partnership underscores […]

Business GCC Retail

Oliver Wyman consolidates its RCG practice in India, ME and Africa

Arnold Pinto 27/01/2024 0

87% of GCC customers are adopting an omnichannel approach Global management consulting firm Oliver Wyman, a business under Marsh McLennan, has strengthened its Retail & Consumer Goods (RCG) practice in India, the Middle East, and Africa region by combining the company’s global expertise in transformation, development of retail solutions, and more with extensive local

Defence & Security Business

NATO signs artillery ammunition contracts worth $1.2 billion

Arnold Pinto 26/01/2024 0

Against the backdrop of Russia’s war in Ukraine NATO Secretary General Jens Stoltenberg and General Manager of the NATO Support and Procurement Agency (NSPA) Stacy Cummings signed contracts to purchase around 220,000 155-millimetre artillery shells worth $1.2 billion. In his address at the signing ceremony at NATO headquarters in Brussels, Belgium, on January 23, 2024,

Automotive Business

Rising demand gets Ford to hire 900 at Michigan Assembly Plant

News Desk 1 25/01/2024 0

Bronco and Bronco Raptor lead demand surge In a strategic move to address surging demand for their popular Bronco and Bronco Raptor models, along with the highly anticipated Ranger and Ranger Raptor, Ford Motor Company has revealed plans to create 900 new jobs at its Michigan Assembly Plant in Wayne, New Jersey, United States. The […]

Banking Business GCC

Saxo’s mega fees’ reduction of enormous benefit to investors

News Desk 1 23/01/2024 0

Danish bank crosses a million clients globally Saxo Bank – the online trading platform that connects investors and traders to global financial markets – has significantly reduced its fees in some of its main markets, with a worldwide rollout scheduled for the coming months. The Copenhagen-headquartered bank’s new move aims to incentivise its global and […]

Tech Business Interviews

Milestone Systems prioritises ‘technology for good’

Arnold Pinto 22/01/2024 0

Danish firm showcases advanced innovations at Intersec 2024 in Dubai Milestone Systems, headquartered in Denmark, is a global leader in open-platform video management software. Founded in 1998, the company has consistently pioneered innovative solutions for surveillance and security, empowering organisations across the globe to manage and analyse video data effectively.

Business Tech

Milestone Systems subscribes to G7 Code of Conduct for AI

Arnold Pinto 19/01/2024 0

The Danish company is a first mover in this regard Milestone Systems – a leading provider of data-driven video technology software for security and other allied applications – has confirmed that the company has voluntarily signed and will implement the G7 Code of Conduct for advanced Artificial Intelligence (AI) systems. On October 30, 2023, the […]