Aviation Business

EPI and Airbus ink deal for C295 tank production

Arnold Pinto 21/11/2024 0

The deal is for five years EPI, an Abu Dhabi-based aerospace precision engineering solutions provider, has signed a serial production contract with Airbus Defence and Space to produce C295 Cargo Compartment Removable Tanks (CCRTs) over the next five years. Airbus manufactures the C295 medium

Business Cybersecurity

Infinigate extends Acronis’ solutions distribution in Europe

News Desk 2 20/11/2024 0

After Middle East success The Infinigate Group, a prominent technology platform and trusted advisor in cybersecurity, cloud, and network infrastructure, will extend its distribution of Acronis’ cybersecurity and data protection solutions across Europe as part of a new agreement between the two companies. In this regard, Infinigate will offer Acronis’ comprehensive

Business UAE

Gartner conference in Dubai scrutinises the future of technology

Arnold Pinto 19/11/2024 0

Deliberations feature CIOs and IT experts Dubai is hosting one of the most anticipated events for technology leaders: the Gartner CIO & IT Executive Conference. The conference, November 19-21, 2024, brings together hundreds of CIOs, IT professionals, and Gartner experts, offering attendees a unique opportunity to connect with some of the world’s leading

Business UAE

250 electric taxis are set to hit Dubai’s roads

News Desk 2 18/11/2024 0

In a push for sustainability Dubai Taxi Company (DTC) has secured 250 new taxi licence plates at an auction held by Dubai’s Roads and Transport Authority. With these new licence plates, DTC’s total fleet size will amount to 6,210 taxis, and the taxi operator will generate an additional AED85 million in annual revenue. DTC will […]

Business

Nokia acquires Rapid technology and R&D unit

Arnold Pinto 14/11/2024 0

Boosting growing network API portfolio Nokia has announced its acquisition of Rapid’s technology assets, including the world’s largest API hub used by thousands of developers worldwide and its highly skilled research and development unit. The acquisition – financial details of which were not disclosed – is a strategic move to enhance Nokia’s growing network API

Automotive Business

Jaguar Land Rover reports resilient Q2 FY25 performance

Arnold Pinto 14/11/2024 0

With 25% increase in H1 profits Jaguar Land Rover (JLR) has registered a resilient performance for the second quarter (Q2) of FY25, marking its eighth consecutive profitable quarter despite temporary production challenges due to aluminium supply shortages. The British company reported revenue of £6.5 billion for the quarter, a 6% decline compared to Q2 FY24. […]

Aviation Business

MEBAA Show 2024 to host global business aviation players

Arnold Pinto 10/11/2024 0

Amid a Middle East boom Dubai is set to host the MEBAA Show 2024 from December 10 to 12, showcasing the latest trends and innovations in the business aviation industry. Following a record-breaking year for Dubai’s aviation sector, the event will gather key regional and global players, further cementing the emirate’s position as a worldwide […]

Business Defence & Security

Italian Coast Guard to get ATR42 Maritime Patrol aircraft

Arnold Pinto 08/11/2024 0

Deal signed with Leonardo Leonardo has contracted with the Italian Coast Guard to supply an ATR42-600 Maritime Patrol (MP) aircraft. The new addition is part of the Coast Guard’s broader strategy to renew and enhance its aircraft capabilities, complementing its existing fleet that includes ATR 42-400 and ATR 42-500 models. The ATR42 MP, based on […]

Aviation Business

Emirates Group posts $2.8bn profit in H1 2024

Arnold Pinto 07/11/2024 0

Revenue grows 5% YoY Dubai-based Emirates Group has reported its best-ever half-year financial performance, posting a profit before tax of $2.8 billion for the first six months of 2024-25. This marks a new record for the Group, surpassing the previous year’s performance in the same period. However, the UAE’s new corporate income tax, introduced in […]

Business UAE

GM Events hosts Mall Development MENA Forum 2024

News Desk 2 07/11/2024 0

From November 11-12 in Dubai The retail sector in the Middle East and North Africa (MENA) is poised for significant growth. The mall industry is expected to expand from $808.51 billion in 2024 to $1,401.32 billion by 2032. This robust growth provides the backdrop for the Mall Development MENA Forum 2024, set to take place […]

Business Interviews

Informatica brings data and AI integration to life in GCC region

Arnold Pinto 07/11/2024 0

With partnered innovative solutions With a focus on innovation, Informatica, the US-based leader in enterprise AI-powered cloud data management, has been helping enterprises manage, integrate, and govern their data across hybrid cloud environments since 1993. Informatica’s comprehensive suite of tools essentially enhances data quality, security, and collaboration, enabling

Business Sustainability

90% of payment cards to use sustainable materials by 2029

Arnold Pinto 06/11/2024 0

Need grows for card recycling schemes A new study from Juniper Research reveals that by 2029, over 90% of all payment cards shipped globally will be made from sustainable materials, up from less than 40% in 2024. This rapid shift is driven by growing environmental concerns and the push for more sustainable banking practices. Sustainable […]

Business

GE Vernova completes FEED studies to reduce carbon emissions

Dan Ngiam 05/11/2024 0

At 3 Saudi power plants US-based GE Vernova, in collaboration with Saudi Arabia’s Ash Sharqiyah Operations & Maintenance Company (ASHOMCo), has completed three Front-End Engineering Design (FEED) studies to reduce carbon emissions from three cogeneration plants in Saudi Arabia. This marks the first such initiative in Saudi Arabia focusing on plants utilising GE

Business

Cloudera and Snowflake unite for enhanced data management solutions

Arnold Pinto 03/11/2024 0

Powered by Apache Iceberg Cloudera and Snowflake have entered a strategic partnership to transform enterprises’ data handling – empowering businesses to harness the full potential of their data resources. Unveiled at Cloudera’s recent EVOLVE24 conference in New York City, the collaboration introduces an open, unified hybrid data lakehouse powered by Apache

Business

Emtelle unveils $50-million global innovation centre and manufacturing facility in Abu Dhabi

Arnold Pinto 31/10/2024 0

Targeting MENA and APAC markets Emtelle, the Hawick, Scotland-headquartered global manufacturer of pre-connectors, blown fibre cable, and ducted network solutions, has unveiled its new $50-million global innovation and manufacturing facility in the Kezad economic zone in Abu Dhabi, United Arab Emirates (UAE). This location was selected due to its strategic position in the

Business Saudi Arabia

Riyadh Air orders 60 Airbus A321neo aircraft

Arnold Pinto 31/10/2024 0

Deal signed at FII in Riyadh Riyadh Air, a newly established airline based in Saudi Arabia, has ordered 60 Airbus A321neo aircraft. The list price for each plane is $58 million. An agreement to this effect was finalised during the Future Investment Initiative (FII) held in Riyadh. The ceremony was attended by notable figures, including […]

Business

Lion Air Group signs MRO agreement with Sanad

News Desk 2 30/10/2024 0

5-year contract is for V2500 engines Lion Air Group, Indonesia’s largest privately owned low-cost airline, has signed a five-year partnership with Sanad, an aerospace engineering and leasing solutions provider based in the United Arab Emirates. The undisclosed amount agreement will see Abu Dhabi-headquartered Sanad provide maintenance, repair, and overhaul (MRO)

Business

Milestone Systems showcases XProtect at Intersec Saudi Arabia 2024

News Desk 2 26/10/2024 0

In partnership with tech partners Milestone Systems showcased XProtect, the video data management provider’s latest open-platform video management software (VMS), at Intersec Saudi Arabia 2024, held at the Riyadh International Convention Centre from October 1 to 3. Milestone participated in the event with 12 technology partners, including Tiger Surveillance, LenelS2, Dell

Business

TikTok unveils Data Connectors Partners initiative

News Desk 2 25/10/2024 0

Dubai-based Datahash in tie-up TikTok has unveiled its global Data Connectors Partners initiative to enhance the effectiveness of its advertising on the platform. The new programme is part of TikTok’s Marketing Partners Programme and features an inaugural group of partners focused on three key areas: Lead generation, data platforms, and data connection

Business

Freshworks launches bespoke Freddy AI Agent

News Desk 2 24/10/2024 0

To enhance the CX and EX ecosystem Freshworks, the San Mateo, California-based provider of AI service software, has launched Freddy AI Agent, a cutting-edge autonomous service agent designed to enhance customer and employee experiences (CX and EX). Freddy AI Agent can be deployed within minutes without coding or external consultants. In initial beta testing, the agent […]