Home News Archive by category Business (Page 15)

Business

Get the latest Business news from the Middle East. Stay informed on market trends, investments, and economic developments in 60 characters.

Business

First Zeekr showroom opens in the UAE

Dubai service centre also inaugurated The first dedicated Zeekr showroom and allied service centre in the United Arab Emirates (UAE) has opened alongside Sheikh Zayed Road in Dubai City. Launched as a joint venture between Zeekr, the premium electric vehicle brand of China’s Geely Holding
Business

Global data centre revenue set to surpass $500 billion by 2027

Driven by AI and other technologies The data centre industry is set to experience an extraordinary surge in revenue, with projections indicating that global revenue will exceed $500 billion by 2027. This forecast underscores the sector’s remarkable trajectory, driven by advancements in artificial intelligence (AI) and other technological developments. According to Edith
Business

RAF renews aircraft painting contract with Serco

2-year agreement is worth $23 million Serco has secured a contract extension to continue its expert surface finish support for the Royal Air Force (RAF). The new contract, valued at $23 million, commenced on April 1, 2024, and extends for two years, with an option for an additional year. This continued collaboration underscores Serco’s commitment […]
Business

Geobear unveils its ground stabilisation tech in the UAE

Ideal for a wide range of projects Geobear, a global leader in ground engineering based in the United Kingdom, has launched its advanced ground stabilisation operations in the United Arab Emirates (UAE). This marks a significant development in the hydrocarbon-rich Arabian Gulf country’s infrastructure capabilities. The benefits of Geobear’s ground stabilisation
Business

Global cloud market spend surpasses $76 billion in Q1 2024

GenAI advancements boost the sector Synergy Research Group reports that the global cloud infrastructure services market surged in the first quarter of 2024, marking a robust recovery with enterprise spending surpassing $76 billion. This figure represents a substantial increase of $13.5 billion or 21% compared to last year, signalling the second consecutive quarter of
Business

Ericsson and OPPO sign 5G global patent agreement

Several joint projects lined up Ericsson and OPPO have finalised a comprehensive multi-year global patent cross-licence agreement, marking a significant milestone in cellular technology, particularly 5G. Under the terms of the newly signed agreement, OPPO, renowned for its global smartphone sales and strong presence in emerging markets, will pay Ericsson royalty fees for
Business

Telecom Egypt’s new firewall slashes scam calls by 90%

After implementing Enea’s voice firewall Telecom Egypt has reported a drastic reduction in scam calls after implementing Enea’s advanced voice firewall. Since deploying this cutting-edge technology, the primary telecom operator in Egypt has successfully eliminated over 90% of incoming calls with spoofed caller IDs from its network. Caller ID spoofing, a prevalent method
Business

EXA Infrastructure signs Turkey terrestrial fibre optic route pact

Collaborates with Socar Fiber EXA Infrastructure, Europe’s leading digital infrastructure platform, has joined forces with Turkey’s Socar Fiber to establish a new terrestrial fibre optic route across Türkiye. The new partnership seeks to diversify the traditional Red Sea corridor, crucial for submarine cables connecting Europe, the Middle East, and Asia. The newly
Business Telecom

beOnd Airlines and Ooredoo Maldives in new collaboration

To elevate the travel experience for island visitors beOnd Airlines, the world’s first premium leisure airline, has partnered strategically with Ooredoo Maldives, a leading international telecommunications provider. Effective August 2024, all travellers flying with beOnd Airlines to the Maldives will receive an exclusive travel SIM card courtesy of Ooredoo Maldives,
Business Markets

gimmefy.ai enters the North American market

MENA region is also in the pipeline In a strategic move aimed at global expansion, gimmefy.ai, a leading generative AI marketing platform headquartered in Singapore, has officially launched its operations in North America. Founded on cutting-edge AI models and expert marketing strategies, gimmefy.ai has achieved considerable success in Asia. Now, it aims to empower North
Bahrain Business

Beyon partners with LigaData for data lakehouse platform

Featuring data-driven insights Beyon, the technology group based in Manama, Bahrain, has entered a strategic alliance with LigaData, a data analytics and cloud firm headquartered in Silicon Valley, California, to set up a hybrid data lakehouse for Beyon. The initiative aims to fortify Beyon’s data infrastructure, harnessing the advantages of cutting-edge cloud