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Business

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Revibe
Business

Revibe raises $7m to grow its refurbished consumer tech business

Emerging markets on the radar Dubai-based Revibe, a specialist in guarantee-backed refurbished consumer electronics, has reached a significant milestone by closing its Series A funding round with $7 million. ISAI and Resonance co-led the round, which included key investors Kima Ventures and Edouard Mendy. This follows a year of impressive revenue growth, positioning Revibe
Team
Appointments Business

Nissan reshuffles senior management team

Arnold Pinto
To revive ailing automaker Nissan Motor Corporation has announced a significant leadership shake-up, appointing a new executive team effective January 1, 2025. The moves are part of the Japanese company’s broader turnaround strategy, designed to restructure operations and improve efficiency and resilience. These changes aim to respond swiftly to current challenges and
RAKIS
Business

RAKIS 2024 concludes after 2 eventful days

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 discussions on various topics, from the crucial role of public-private partnerships to
SAR
Business Space

Space42 and ICEYE partner to build SAR satellites in UAE

Arnold Pinto
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
Defender
Automotive Business

Defender signs car partnership with Dakar Rally

Arnold Pinto
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 […]
Robotics
Business UAE

Dubai-based ALEC unveils ‘Robotics Strategy’

News Editor 2
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 […]
C295
Business Markets

Airbus unveils C295 Final Assembly Line in India

Arnold Pinto
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 […]
EPI
Aviation Business

EPI and Airbus ink deal for C295 tank production

Arnold Pinto
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 […]