Banking Business

Saxo Bank: Central banks are poised for rate cuts in 2024

News Desk 1 16/01/2024 0

Dynamic investment landscape yet looms this year Deviating from the tightening stance observed in 2023, central banks are set to initiate rate cuts in 2024, signalling a shift in the global economic landscape, according to Saxo Bank’s newly released Q1 2024 Quarterly Outlook for global markets.

Business Bahrain GCC Kuwait Oman Qatar Saudi Arabia UAE

Oil on the back burner as GCC pushes for new tech

News Desk 1 11/01/2024 0

By Konstantin Tserazov, former Senior Vice President of Otkritie Bank The Gulf Cooperation Council (GCC), a group of Arab states in the Arabian Gulf area, has traditionally played a pivotal role in the global markets by leveraging its sizable financial assets. Despite accruing regular oil revenues, the GCC nations have now set themselves on a […]

Aviation Business

Taiwan’s EVA Air orders 33 new Airbus aircraft

News Desk 1 11/01/2024 0

Order includes 18 A350-1000s and 15 A321neos EVA Air has become the latest global airline to select the Airbus A350-1000 aircraft for its future long-haul requirements following its new order to purchase 18 A350-1000s and 15 single-aisle A321neo from Airbus. EVA Air is one of the two largest airlines in Taiwan. Clay Sun, President of […]

Business Markets

World Economic Forum: Global cooperation has weakened from 2020

Arnold Pinto 10/01/2024 0

Business and government leaders urged to practise ‘coopetition’ Global cooperation was resilient in multiple dimensions from 2012 until 2020, but overall cooperation declined by 2% from 2020 to 2022, according to the World Economic Forum’s newly released Global Cooperation Barometer. The latest Global Cooperation Barometer employs 42 indicators to measure five pillars

Events Business GCC UAE

iFX Expo Dubai 2024 heads to DWTC this January

News Desk 1 10/01/2024 0

B2B event features 3 dynamic content stages Ultimate Fintech will host iFX Expo Dubai 2024 at Dubai World Trade Centre (DWTC) in Dubai, United Arab Emirates, from January 16-18, 2024. Billed as the MENA region’s leading online trading expo for brokers and traders to meet at and collaborate, in addition to prominent brands, brokers, and […]

Business Bahrain GCC Kuwait Oman Qatar Saudi Arabia UAE

GCC investors reap the benefit of new Shari’ah compliant silver spot contract

News Desk 1 07/01/2024 0

Platform was launched by DGCX The GCC region’s inaugural Shari’ah Compliant Silver Spot Contract (DSSC) is providing investors with a secure and transparent platform for trading the precious white metal. Dubai Gold & Commodities Exchange (DGCX), the top derivatives exchange in the Middle East, launched the contract in late 2023, after securing regulatory approval from

Business GCC UAE

AWS Europe opens 2 new branches in the UAE on February 1, 2024

Arnold Pinto 05/01/2024 0

Branches are located in Abu Dhabi and Dubai emirates Amazon Web Services EMEA (AWS Europe) will launch two local branches in the UAE on February 1, 2024. One new branch is located in Abu Dhabi to serve customers in the emirate primarily. In contrast, the other branch is located in Dubai, serving all customers across the […]

Business Events UAE

IDC to show META businesses how to prepare customers for the AI era

Arnold Pinto 04/01/2024 0

Industry event being held in Dubai on February 1, 2024 Tech vendors, resellers, regulators, and service providers across the Middle East, Turkey and Africa (META) region will receive key messages, outlooks, and predictions for the global and regional tech markets for 2024 and beyond when International Data Corporation (IDC) hosts ‘IDC Directions META 2024’ on […]

UAE Business GCC

Dubai unveils unified licence system for streamlined business operations

News Desk 1 29/12/2023 0

QR code will function as a unified business identity Dubai’s Department of Economy and Tourism (DET), in association with Dubai Free Zones Council, has unveiled the Dubai Unified Licence (DUL) project, aimed at transforming the business landscape in the Gulf emirate by assigning a unique identification number to all existing and newly opened businesses in […]

Business Bahrain GCC Kuwait Oman Qatar Saudi Arabia UAE

Salesforce deploys public cloud-based Hyperforce platform in the Middle East

Arnold Pinto 27/12/2023 0

New offering capitalises on public cloud scale and agility Salesforce – the San Francisco, California-headquartered company that specialises in AI, data and CRM solutions for sales, customer service, marketing automation, e-commerce, analytics, and application development – has launched Hyperforce, a secure, scalable, and reliable foundation for AI

Beauty Business

Inaugural Moscow Beauty Week turns out to be a beautiful success story as over 170,000 visit

News Desk 1 21/12/2023 0

Over 450 brands exhibit their latest products Over 170,000 attendees visited the inaugural Moscow Beauty Week held from December 9-12, 2023, at the Moscow Manege and other partner venues in the Russian capital. One of the most significant events in the Russian beauty industry, Moscow Beauty Week 2023 saw over 450 global and Russian companies […]

Business GCC UAE

Sharjah Entrepreneurship Festival set for February 3-4, 2024

Arnold Pinto 18/12/2023 0

The seventh annual edition targets regional entrepreneurs Sharjah Entrepreneurship Center (Sheraa) will organise the Sharjah Entrepreneurship Festival (SEF) from February 3-4, 2024, at Sharjah Research Technology and Innovation Park.  Set to be one of the most significant ecosystem events in the Middle East region, SEF 2024 will be the seventh annual edition, following the

Business GCC UAE

37 Consult ramps up digital marketing services for UAE-based SMEs

Arnold Pinto 17/12/2023 0

UAE may have one million SMEs by 2030 37 Consult, a Dubai-based boutique consultancy, is intensifying its digital marketing services aimed primarily at Small and Medium Enterprises (SMEs) in the UAE to grow and expand their business. Since its launch in Dubai in 2017, 37 Consult says it has turned more than AED8 million in […]

Business

Airspeeder signs digital media hub agreement with Veritone and base

Arnold Pinto 16/12/2023 0

Pact gives eVTOL racing series fans a unique viewing experience Airspeeder – the world’s first racing series for crewed electric flying cars – has entered a multi-year deal with Veritone, a leading provider of AI technology and solutions, to leverage its Digital Media Hub (DMH) for managing and enhancing the digital media platform activities of the […]

Business Markets

MYCRANE and Equip9 partner on AI rollout and new market penetration

Arnold Pinto 15/12/2023 0

MoU signed at South Asia’s largest construction equipment event MYCRANE, the Dubai-based digital crane rental platform, and Equip9, the India-headquartered online platform that connects operators, rentals, mechanics, and more in an app, have signed a Memorandum of Understanding (MoU) at Excon, South Asia’s largest construction equipment event, currently taking place in

Space Business

Serco set to get Middle East space initiatives off the ground

Arnold Pinto 12/12/2023 0

Targets regional revenue growth within the next 5 years With over 40 years of supporting global customers’ space missions, UK-headquartered Serco aims to play a pivotal role in the fast-growing space initiatives across the Middle East region, spearheaded by the UAE and Saudi Arabia. In an exclusive interview in Dubai, Riyadh-based Amar Vora, Head of […]

Cybersecurity Business

EU and US forge cybersecurity alliance to tackle common threats

Arnold Pinto 10/12/2023 0

Geopolitical shifts and new tech are major cybersecurity concerns The European Union Agency for Cybersecurity (ENISA) and the Cybersecurity and Infrastructure Security Agency (CISA) of the United States have formalised a cybersecurity pact in the face of shared challenges posed by the evolving cyber threat landscape, shaped by geopolitical shifts and technological

Business

EuroTech ME acquires sister company IO21 in expansion rollout

News Desk 1 09/12/2023 0

Takeover broadens SaaS provider’s service offerings EuroTech ME, a leading software solutions provider in the GCC region, has fully acquired its sister company, IO21, to broaden the scope of its solutions portfolio and propel expansion in the UAE and Saudi markets. With EuroTech ME excelling in IT services, AV, and security solutions, IO21 specialises in […]

Logistics Business

Global air cargo demand rises 3.8% in October 2023

Arnold Pinto 07/12/2023 0

Middle Eastern carriers record the strongest regional performance International air cargo demand – measured in cargo tonne-kilometres (CTKs) – rose 3.8% in October 2023 compared to October 2022, indicating the third consecutive month of stronger year-on-year demand, according to the latest data released by the International Air Transport Association (IATA).

Real Estate Business GCC UAE

Dubai’s RTA approves 10 projects in partnership with private sector

Arnold Pinto 07/12/2023 0

AED2.5 billion projects aim to boost Dubai’s economic growth Dubai’s Roads and Transport Authority (RTA) has approved 10 projects in Dubai emirate with an estimated value of AED2.5 billion placed under the emirate’s 2024-2026 Dubai Portfolio for Public-Private Partnership (PPP) programme. The programme conforms to the Dubai government’s strategy to boost