Business

RAF renews aircraft painting contract with Serco

News Desk 30/07/2024

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

Business Saudi Arabia

Datapath and Mindstec Distribution unveil Aetria demo facility in Riyadh

News Editor 2 28/07/2024

Facility features complete Aetria solution Derby, UK-headquartered Datapath – a global leader in computer graphics, video capture and digital display technology – and Dubai-based Mindstec Distribution have unveiled a new state-of-the-art Aetria integrated control room demo facility in Riyadh, Saudi Arabia. Following the recent launch of Mindstec’s experience

Business

Geobear unveils its ground stabilisation tech in the UAE

News Editor 2 27/07/2024

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

News Editor 2 25/07/2024

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

Arnold Pinto 25/07/2024

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%

News Editor 2 24/07/2024

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

News Desk 23/07/2024

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

News Desk 20/07/2024

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

Why German firms resist US pressure to sever ties with China

Arnold Pinto 19/07/2024

In the ongoing chip war standoff New research reveals why German firms resist US pressure to sever ties with China in the ongoing semiconductor chip trade conflict. The study by the University of Sussex and King’s College London highlights a strong connection between German automotive manufacturers and the country’s semiconductor sector as a critical factor

Business Markets

gimmefy.ai enters the North American market

News Editor 2 16/07/2024

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

Business Events

Dubai gets set for CX Global Summit Middle East 2024

News Desk 15/07/2024

From September 17-18 in Dubai Fortinus Events, the Singapore-headquartered events specialist, will host the CX Global Summit Middle East 2024 trade event in Dubai from September 17 to 18, 2024. CX Global Summit Middle East 2024 promises to be the perfect platform to shape the future of customer experience in the Middle East region. It […]

Business

‘Self-actualisation is why people work in the gaming industry’

News Desk 14/07/2024

Says Nordcurrent co-founder Despite a notable talent deficit in Europe’s technology sector, Lithuania’s gaming industry continues flourishing. Nordcurrent, the studio renowned for the global sensation Cooking Fever, defied the odds by expanding its workforce by 15% in 2023, now boasting over 330 professionals. Cooking Fever, which will mark its 10th anniversary

Banking Business

OCBC NISP banks on Cloudera to transform banking services

News Editor 2 10/07/2024

By deploying data and AI capabilities In a strategic move towards digital transformation, Jakarta-based PT Bank OCBC NISP Tbk has announced its collaboration with Cloudera, a leading data company in enterprise AI solutions. The new partnership aims to propel the Indonesian bank towards becoming a digital-first entity, enhancing customer experiences through advanced data

Business Finance

UAE appeals to deVere Group’s financial services graduates

News Desk 08/07/2024

New Zealand and Italy also favoured Dubai-based deVere Group, a prominent player in global financial advisory services, has revealed that the top three international destinations for its financial graduates in the first half of 2024 are the United Arab Emirates (UAE), New Zealand, and Italy. The designation underscores a trend towards these three countries as […]

Bahrain Business

Beyon partners with LigaData for data lakehouse platform

News Desk 05/07/2024

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

Automotive Business

Global EV sales poised for 10-million milestone in 2024

Arnold Pinto 05/07/2024

Hybrids to surpass EVs and ICE vehicles In a significant shift for the global automotive industry, electric vehicle (EV) sales are projected to hit the 10-million mark in 2024. This highlights a decisive turn away from Internal Combustion Engine (ICE) vehicles. The milestone comes amid projections that ICE vehicles’ market share will dip below 50% […]

Business Events

Ningbo Sanz Expo To Host Consumer Sourcing Event This July

News Editor 2 30/06/2024

Asia Consumer Sourcing (CSE Asia) Expo 2024 Singapore Ningbo Sanz Expo is set to present Asia Consumer Sourcing (CSE Asia) Expo 2024 Singapore at the Singapore Expo from July 5 to 7, 2024. This unique event, drawing industry leaders, manufacturers, and innovators from across Asia and beyond, is a must-attend for anyone in the consumer […]

Business Interviews

Panasonic Has The Middle East And Africa Firmly In Its Sights

Arnold Pinto 29/06/2024

As Region Offers Growth Potential Panasonic Marketing Middle East and Africa (PMAAF) is strategically positioned to leverage the Japanese conglomerate’s 106-year-old legacy while embracing innovation and market diversification in the region. In an exclusive interview with ‘Middle East News 247’, Hiroyuki Shibutani, CEO of Dubai-headquartered PMAAF, details how the

Business

Airtel Africa Enters A Strategic Partnership With WebEngage

News Desk 26/06/2024

To Enhance Digital Customer Management Airtel Africa has initiated a strategic collaboration with WebEngage, a customer data and analytics platform, to transform its digital customer management. Airtel Africa’s partnership with WebEngage aims to leverage advanced technologies to enhance customer engagement and retention, reinforcing the company’s commitment to bridging the

Business

Global Embedded Payments Set To Surge 134% By 2028

Arnold Pinto 24/06/2024

Up From $1.1 Trillion In 2024 According to the latest report released by Juniper Research, a leading expert in fintech and payment markets, the global transaction value from embedded payments is projected to skyrocket by 134% by the year 2028, up from $1.1 trillion in 2024. The report, titled Global Embedded Finance Market 2024-2028, underscores […]