Businesses Prioritise Proactive Defence Mechanisms Adopting AI-enhanced cybersecurity solutions has become a pivotal strategy for organisations worldwide in a digital landscape riddled with cyber threats. Recent data reveals a stark contrast in financial repercussions between entities fortified
Business
Get the latest Business news from the Middle East. Stay informed on market trends, investments, and economic developments in 60 characters.
Deployment Set For Middle East And Africa Region PAL-V (Personal Air and Land Vehicle) has announced that the Netherlands-based company has signed a strategic partnership agreement and received a confirmed order from Aviterra, a newly founded company in Dubai, for more than 100 PAL-V Liberty flying cars to be deployed in the Middle East and […]
The Platform Empowers Professional Growth LinkedIn is an indispensable tool for networking, career advancement, and personal branding in the contemporary professional landscape. With over 750 million members worldwide, the platform offers many features to enhance professional connections, job opportunities, and industry insights. Understanding how to leverage LinkedIn
Company Maintains A Prudent Financial Policy Dubai-based DP World has unveiled its robust financial results for the fiscal year ending December 31, 2023, defying challenging geopolitical complexities and economic headwinds. The company’s strategic focus on high-margin cargo and integrated supply chain solutions has proven pivotal in achieving commendable outcomes. In
Board Reveals Leadership Changes On March 25, 2024, Dave Calhoun, Boeing’s President and CEO, revealed his decision to step down by the end of 2024. However, Calhoun will continue guiding Boeing through the remainder of the year to navigate ongoing critical initiatives to stabilise and position the company for future success. Reflecting on his tenure, […]
Transformative GenAI applications span many uses Cloudera, the California-based hybrid data company for trusted enterprise AI, has partnered strategically with NVIDIA, the world leader in AI computing, to bolster generative AI (GenAI) capabilities. The newly announced collaboration sees the integration of enterprise-grade NVIDIA NIM Microservices into Cloudera Machine
AI sector is seen in need of supportive ecosystem Haltia.AI, a Delaware, United States-headquartered personal artificial intelligence (AI) firm with a UAE-based subsidiary, has praised the UAE’s drive to establish the Arabian Gulf emirate as an AI epicentre in the Middle East, including support to AI startups. The company stated that this robust support system, […]
Shareholders approve 20% dividend at AGM Shareholders of Air Arabia, the Sharjah-based low-cost carrier, have given their nod to the distribution of a 20% cash dividend for the financial year concluding on December 31, 2023. The dividend, equivalent to 20 fils per share, was announced at the company’s Annual General Meeting (AGM) and highlighted the […]
Brand set to revolutionise the MENA market Nova Eyewear, the flagship brand of Vision Rx Lab, a world leader in ophthalmic product manufacturing, has launched cutting-edge AI-powered progressive lens technology in the MENA region. This move is set to transform the ophthalmic market in the region by offering consumers the most advanced eyewear technology to […]
Profit falls from $161.1 billion in 2022 Saudi Arabian Oil Company (Aramco) revealed its full-year 2023 financial results on March 10, 2024. The company’s robust net income of $121.3 billion marked its second-highest-ever net income. The stellar financial performance, attributed to Aramco’s operational flexibility, reliability, and cost-effective production
Facility to cater to VIP aircraft In a significant move to bolster the aviation sector in the United Arab Emirates, the Dubai-based Mohammed Bin Rashid Aerospace Hub (MBRAH) has signed a strategic agreement with ATS Technic, the first independent EASA maintenance organisation in the UAE, to establish a cutting-edge MRO facility at Dubai South. Tahnoon […]
The move aims to facilitate gold trade in the Middle East The World Gold Council (WGC), headquartered in London, UK, has opened a new office in Dubai, serving as its regional headquarters for the Middle East region. The office is in the Dubai Multi Commodities Centre (DMCC) free zone in Dubai City, one of the […]
Automotive, logistics, and O&G sectors to benefit greatly New research predicts a remarkable surge in global IoT eSIM connections, reaching nearly 1.3 billion by 2028, up from 165 million in 2024. This exponential growth is attributed to the emergence of advanced eSIM specifications, which offer enhanced flexibility for enterprises to remotely provision eSIM profile
20 million visited in the first two months of 2024 The Dubai Mall celebrated a milestone by hosting an unprecedented 105 million visitors in 2023, marking an impressive surge of more than 19% from the previous year’s 88 million. Sales performance in 2023 also demonstrated robust figures. Statistics released by Emaar Malls Management on March […]
JV to produce next-gen radar systems in the UAE The Abu Dhabi-based EDGE Group has formalised a new Joint Venture (JV) agreement with Spain’s Indra Sistemas (Indra), a leading global technology and consulting company. The agreement, signed in Madrid by Hamad Al Marar, EDGE Managing Director & CEO, and Jose Vicente de los Mozos, CEO […]
Open data lakehouse with Apache Iceberg for private clouds now available Cloudera has launched the latest phase of its open data lakehouse on a private cloud. With the new rollout, the preferred data partner for the world’s most renowned companies has become the only provider to offer an open data lakehouse with Apache Iceberg for […]
Fuelled by AI’s advancements in risk assessment There is likely to be an 80% surge in total spending on third-party Anti-money Laundering (AML) systems by 2028, reaching $65.62 billion, up from $36.43 billion in 2024, according to ‘Global AML Systems Market 2024-2028’ – a new study conducted by Juniper Research – a leading authority in […]
Indian manufacturer floors the competition Two globally renowned tile brands – Restile and The Tile Story – under Bell Granito Ceramica Limited (BGCL) exhibited at CEVISAMA – the leading international trade event for the ceramic, bathroom equipment, and natural stone sectors – held at Feria Valencia in Valencia, Spain, from February 26 to March 1, […]
Richemont initiative preps Emiratis for luxury sector role Richemont Group has announced the graduation of the first cohort from its Mustaqbalkom Trainee Programme in the United Arab Emirates. This unique initiative, meaning ‘your future’ in Arabic, is a stepping stone for Emirati bachelor’s and master’s graduates to explore diverse career options within the prestigious
Asian semiconductor companies playing a pivotal role In the ever-changing landscape of Artificial Intelligence (AI) and Information Technology (IT), investors are finding solace as the uptrend in risk assets, notably stocks, broadens globally across various regions and sectors. While concerns of German ‘deindustrialisation’ loom, recent shifts in the energy





























