Business GCC NEWS DESK UAE

UAE-based Gingo Partners Announces Successful Fundraising Campaign, Securing $350k to Fuel the Community and Investments

News Desk 11/08/2023

Abu Dhabi, August 11 – Gingo Partners, an Investor Outreach Service and Startup Community, is thrilled to announce the successful completion of its fundraising campaign, securing $350k in capital from a group of business angels.  This investment will allow Gingo Partners to accelerate its

Business

Hikma and Rakuten Medical sign exclusive licensing agreement for AlluminoxTM platform cancer treatment for the Middle East and North Africa

Middle East News 247 11/08/2023

London, United Kingdom — Hikma Pharmaceuticals PLC (Hikma), the multinational pharmaceutical company, today announces an exclusive licensing and commercialisation agreement with Rakuten Medical, Inc. (Rakuten Medical), a global biotechnology company developing and commercialising precision, cell targeting therapies based on its proprietary Alluminox™ platform. Under

Business

Bain & Company study shows 85% of business leaders view social issues as “urgent” concerns for their companies

News Desk 10/08/2023

Dubai, United Arab Emirates—August 10th, 2023—Expectations about the role of business in society are changing dramatically. The impact of business on the environment is of vital importance to many corporate constituencies. Today, however, many more purely social concerns are coming strongly to the fore and CEOs are paying close attention. A Bain & Company survey […]

Business Tech

Axis Communications and AlJammaz Technologies announce partnership to enhance security solutions in the Kingdom of Saudi Arabia

News Desk 10/08/2023

Dubai, United Arab Emirates, August 2023 – Axis Communications, the global leader in network cameras, access control, and network audio devices for the physical security and video surveillance industries, announced the onboarding of AlJammaz Technologies as its newest distribution partner in the Kingdom of Saudi Arabia (KSA). The strategic decision to partner with AlJammaz

Business

CHAMPIONING SUSTAINABLE LIVING WITH LG THINQ

Middle East News 247 10/08/2023

Dubai, United Arab Emirates — In a world where environmental challenges are ever-increasing, LG Electronics (LG), a global pioneer in technology and sustainability, continues to pave the way for a more sustainable future with its groundbreaking ThinQ technology. With an unwavering commitment to developing solutions that not only enhance lives but also preserve our planet,

Business

2023 Korean Literature Review Contest: Opportunity to Visit Korea and Experience Its Culture for Nine Days!

Middle East News 247 10/08/2023

SEOUL, South Korea — Literature Translation Institute of Korea (the “Institute”) holds the “2023 Korean Literature Review Contest” from July 10 (Mon) to September 30 (Sat). Anyone can apply for this contest after reading one of the books selected by the Institute and expressing their impressions in various creative formats, including text, picture, and video. Any […]

Business GCC NEWS DESK UAE

EU-Financed ‘Fresh Fruit Gift’ Campaign holds Dubai Promotions

News Desk 09/08/2023

DUBAI, UAE 9th August 2023:  A series of promotions were held in 17 sales locations throughout Dubai from July 24 to July 29, 2023, as part of the execution of the EU-financed campaign ‘’Fresh Fruit Gift’’. During the above activities the consumers had the opportunity to get informational material like brochures about the EU-financed campaign […]

Business NEWS DESK

Parsons Wins $52M Public Works Authority Contract In Qatar

News Desk 08/08/2023

Doha, Qatar (Aug 8, 2023) – Parsons Corporation (NYSE: PSN) announced today that the company has been selected to deliver design engineering consultancy services to Qatar’s Public Works Authority, more commonly known as Ashghal, for a new road and infrastructure framework. The $52 million, six-year contract includes conceptual, preliminary, and detailed design for roads

Business NEWS DESK

Life opens 400th milestone pharmacy outlet

News Desk 08/08/2023

Dubai – August 08, 2023: Life Healthcare Group, UAE’s leading homegrown healthcare company and owner of the country’s largest pharmacy outlet chain, has announced the launch of its 400th pharmacy cementing its leadership position in the healthcare sector. The expansion reaffirms Life Healthcare as a major player in the region, offering the most comprehensive range […]

Real Estate Business

Treo Homes Secures Funding and Partners with Leading Property Developer to Drive Innovation in the Real Estate Sector

News Desk 08/08/2023

July 2023, Dubai, United Arab Emirates: Treo Homes, the multi-award-winning boutique Real Estate Agency in Dubai, secures a multi-million dollar investment by a leading property developer in the region, looking to expand their sales and marketing presence in both Dubai and globally. This pivotal moment heralds a new era of growth, worldwide expansion, and cutting-edge […]

Business NEWS DESK

Hotpack celebrates milestone achievement of reaching 50 retail stores across the MEA

News Desk 07/08/2023

Dubai – August 07, 2023: Hotpack Global, a leading sustainable packaging products manufacturer based in the UAE, marked a significant achievement by expanding its retail presence to 50 stores across the Middle East and Africa. The milestone was celebrated with the unveiling of a special logo dedicated to these 50 stores by Mr Khaled Al […]

Business NEWS DESK

Emireum launches Business Passport, a holistic business set-up package

News Desk 07/08/2023

Emireum Business Services, a Dubai-based investment and business set up advisory, has announced the launch of Emireum Business Passport – a unique business start-up and loyalty package that gives new investors up to Dh10,000 in the form of service credits that the investors could use up for additional services and renewals, as a value addition […]

Business

OIL AND SERVICES GROW UK-GCC TRADE TO $83BN

News Desk 07/08/2023

Dubai, United Arab Emirates – 7 August, 2023: Total trade between the UK and GCC countries rose by more than 70 percent to £64.5 billion ($82.7 billion) in the year to the end of March, driven by rising oil prices and a demand for services as Gulf states move to diversify their economies. According to […]

Business NEWS DESK

Al Ansari Financial Services secures approval to acquire controlling stake in leading exchange company in Oman

News Desk 07/08/2023

UAE, 7 August 2023: Al Ansari Financial Services’ PJSC [DFM: ALANSARI], announced today that it has presented a formal proposal to acquire a majority stake in one of the Sultanate of Oman’s prominent exchange companies. The Group has received an initial approval subject to meeting the necessary regulatory conditions. This strategic move is in line […]

Business

Disprz Raises $30M in Series C Funding to Expand Presence in the Middle East Markets

Middle East News 247 07/08/2023

Disprz, an AI-powered learning and skilling suite, has raised $30 Million in its Series C funding round led by Lumos Capital and 360 ONE Asset (IIFL), with participation from Kae Capital, KOIS, & Dallas Venture Capital. The funds raised in the round will be utilized for global market expansion and product development using new-age technologies […]

Business

Berkshire Hathaway Specialty Insurance Welcomes Louis Bidmead as Head of Transactional Liability Insurance for Asia and the Middle East

Middle East News 247 07/08/2023

Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has named Louis Bidmead as Head of Transactional Liability Insurance for Asia and the Middle East. In this role he will work with BHSI’s global transactional liability team to provide BHSI’s comprehensive line of coverages to manage the risks of mergers, acquisitions, and other corporate transactions.

Business

Esports company banks on Asian and Pakistan’s dominance for public listing

Aman Kumar 04/08/2023

Recent developments in the burgeoning Esports industry are seen as a welcome infusion in providing a platform to world-class gamers, especially in Pakistan and the UAE. Coming up this month in the United States is a public listing from Gamer Pakistan Inc, a month after the rising youth Esports icon Arsalan ‘Ash’ Siddiqui talked about […]

Business

Conares Strengthens ESG Commitment; Aligns with UAE’s Sustainability Drive

News Desk 04/08/2023

Dubai; 04th August 2023: Conares, the second largest private steel manufacturer in the UAE, has demonstrated its dedication to Environmental, Social, and Governance (ESG) initiatives by making significant progress. Strengthening its commitment to sustainability, the company has recently appointed three distinguished non-executive directors to its board. This strategic move

Business Hospitality

HILTON PLANS TO MORE THAN QUADRUPLE ITS PRESENCE IN SAUDI ARABIA

News Desk 03/08/2023

RIYADH, Saudi Arabia, 03 August 2023 – As Saudi Arabia continues to fulfil its vision of becoming a world leader for international travel and tourism, Hilton (NYSE: HLT) has announced plans to open over 50 new hotels across 10 of its brands, making the country the company’s largest pipeline market in Europe, the Middle East and Africa (EMEA). Hilton

Business NEWS DESK

e& money launches prepaid card with cash rewards

News Desk 03/08/2023

Dubai, UAE, 3 August 2023:  e& money, the fintech arm of e& group, today announced the launch of the e& money card, a digital first card for the UAE market promoting financial inclusivity and advancing the vision of fostering a cashless economy. e& money card enables every resident in the UAE to obtain a card within […]