Business

THE WAIT IS OVER: AMAZON.AE REVEALS AMAZON PRIME DAY DEALS AND SAVINGS

News Desk 06/07/2023

DUBAI — July 6, 2023: Amazon.ae is ready to release hundreds of thousands of deals exclusively for Prime members in the UAE this Prime Day on July 11 and 12. Starting at 00:01am (local UAE time) on July 11 and running until July 12, the sale event will offer Prime members across the Emirates

Business GCC Qatar

Qatar Airways Group Reports Record Revenues with Strong Profits as Expansion Continues

News Desk 06/07/2023

Dubai, UAE – Qatar Airways Group has again reported a strong financial performance as the Official Airline of the FIFA World Cup Qatar 2022™ publishes its annual report for 2022/23. The airline credits the positive results to its successful strategy during an extraordinary year for the Group as FIFA’s Official Partner and Official Airline of […]

Business

Kia’s Long-Term Partnership with FIFA Continues to Create Unforgettable Fan Experiences at the FIFAe Finals 2023

News Desk 06/07/2023

Dubai, United Arab Emirates, July 6, 2023: Kia Corporation is thrilled to announce its partnership with FIFAe for the FIFAe Finals 2023, building on its successful collaboration during the FIFA World Cup Qatar 2022™. Kia will continue supporting FIFAe through this prestigious esports tournament in Riyadh, Saudi Arabia from July 6 to July 19. The FIFAe […]

Business

Agility’s Sultan Named to WTO Advisory Group  

News Desk 06/07/2023

GENEVA – JULY 06, 2023 – The head of the World Trade Organization has named Tarek Sultan, Vice Chairman of Agility, to a new 10-member Business Advisory Group created to share the views of businesses on trade and regulation. WTO Director-General Ngozi Okonjo-Iweala said she created the group and a second Civil Society Advisory Group […]

Business

HIMA records exceptional growth of incoming orders in 2022 with 12 per cent being from Middle East

News Desk 05/07/2023

July 5, 2023: The HIMA Group, a safety related automation solutions provider, recorded exceptional growth of incoming orders in 2022, witnessing an 18 per cent increase in incoming orders. The company expects further growth in 2023 through digitalization, internationalization, and expansion of partnerships. Jorg de la Motte, CEO of HIMA Group said: “The HIMA Group

Business

SHUAA Capital Announces Sale of Prime Business Bay Land to Danube Properties for AED 190 Million

News Desk 05/07/2023

United Arab Emirates, 5 July 2023: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, announced that it has arranged, on behalf of its subsidiaries and other investors, the sale of a prime plot of land in Business Bay, Dubai to Danube Properties for a total sale price […]

Business

QNET commemorates its 25th anniversary milestone with a limited edition Bernhard H. Mayer watch

Middle East News 247 05/07/2023

Dubai, United Arab Emirates — Bernhard H. Mayer, QNET’s Swiss luxury brand, proudly celebrates 25 years of QNET with a unique, limited edition timepiece. The QNET 25th anniversary Collection is a timeless tribute to the company’s remarkable journey from its humble beginnings. This exclusive timepiece is meticulously crafted with precision and elegance; the watch

Business

Continental Investments LMD and Finance House Solidify Partnership

News Desk 05/07/2023

Abu Dhabi, UAE, 05 July 2023: A remarkable business collaboration is set to intensify between two leading entities, Continental Investments, a prominent branch of Egypt’s top-tier real estate developer, LMD Sabbour Group and Finance House, the UAE’s premier corporate financial services provider. Building on a successful alliance established in 2017, the partnership’s

Business

BEAT THE HEAT RESPONSIBLY WITH LG THINQ: SMART LIVING FOR A GREENER WORLD

Middle East News 247 05/07/2023

Dubai, United Arab Emirates — With the summer heat now a full blast on us, many of us will be spending most of our time indoors. However, leaving the air conditioning off can result in a warm and toasty room, while keeping it running all day is not environmentally responsible. LG Electronics (LG) offers a […]

Business

Private equity firm Berkeley Assets highlights key financial insights for the Middle East

News Desk 05/07/2023

DUBAI, July 2023: Berkeley Assets, a British private equity firm with over 15 years of experience, has revealed the latest financial insights for the Middle East’s investment sector.  Preservation and capital protection, diversification of investments into private markets and the digital transformation of businesses remain the three key trends driving financial growth

Business GCC UAE

A.P. Moller – Maersk strengthens its Logistics & Services in UAE with a new Cold Store facility at Dubai Industrial City

News Desk 05/07/2023

Dubai, 5 July 2023: A.P. Moller – Maersk (Maersk), the global integrated logistics company, has opened the doors to its third Warehousing & Distribution (W&D) facility in Dubai, UAE, which is also its first Cold Store in the country. Situated at Dubai Industrial City, a member of TECOM Group PJSC, Maersk’s Cold Store is strategically […]

Business

BKN301 elevates MENA’s fintech scene: Opens new office in Cairo

News Desk 05/07/2023

July 05, 2023 BKN301, one of the leading payment and Banking-as-a-Service providers in the MENA region, expanded its operations into Egypt with a new office in Cairo aimed at transforming the country’s financial markets. The new office has been launched to present the company’s advanced banking and digital payments solutions to the country. The latest […]

Business

Tally MSME Honours Recognise Extraordinary Achievements of Businesses, Entrepreneurs and Professionals

News Desk 04/07/2023

Dubai, UAE, 4 July 2023: The role of small and medium enterprises (SMEs) in the growth of UAE’s economy is significant. With SMEs and MSMEs constituting more than 94 percent of all businesses in the UAE, they form a significant portion of the workforce, accounting for 86 percent, and contribute over 60 percent to the […]

Business

WSO2 Launches Startup Program to ‘Accelerate Journeys to Success’ for App Entrepreneurs

News Desk 04/07/2023

Dubai, United Arab Emirates – July, 2023 – WSO2, the leader in digital transformation technology, announced WSO2 for Startups, a bold program for empowering new app-building businesses across the world, including those in the Middle East and Africa, to accelerate their journeys to success. Targeted at early-stage startups building mobile or web apps for consumers,

Business

AllianceBernstein expands presence in the Middle East with new office in Dubai International Financial Centre

News Desk 04/07/2023

Dubai, UAE; 4 July 2023: AllianceBernstein L.P. (AB), a leading global investment firm with nearly USD700 bn in assets under management, today announced that it has been granted a Category 4 Licence from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in or from Dubai International Financial Centre (DIFC). AB […]

Business

NOMU Group Raises $5 Million in Seed Round Funding to Transform MENA’s Food-Tech Supply Chain

News Desk 04/07/2023

Riyadh, Kingdom of Saudi Arabia, July 2023: NOMU, the innovative food-tech supply chain platform set to revolutionise the food and beverage industry in the MENA region, has announced the successful closure of its first round of financing after the merger and establishment of Nomu Group. The seed round raised $5 million from leading investors, including DIV […]

Business

AGDA and Masdar forge a strategic partnership to advance research and collaboration

News Desk 03/07/2023

Abu Dhabi, July 3, 2023: Anwar Gargash Diplomatic Academy (AGDA) and Abu Dhabi Future Energy Company PJSC – Masdar signed a Memorandum of Understanding (MoU) to strengthen their partnership and collaborate on various initiatives – through Masdar’s youth-focused platform (Y4S) – including the undertaking of joint research projects and establishing exchange

Business

UBF, the strategic partner of IDC Conference, says digital shift is consolidating UAE’s Banking industry leadership

News Desk 03/07/2023

UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, has reiterated its commitment to accelerating digital transformation and capitalising on modern technologies to provide easy-to-use banking services in a safe environment. This is in line with the directives of Central Bank of the UAE, which has adopted a comprehensive digital

Business

ARRIZO 8 Redefines Luxury and Technology

Middle East News 247 03/07/2023

Dubai, United Arab Emirates — Cars are considered more than just a means of transportation for the new generation; they have become understanding companions. Chery’s flagship sedan, the ARRIZO 8, stands out in the commercial market with its top-notch design, features, and luxurious style. Packed with advanced technology and innovative capabilities, it has created

Business

Fivescore Labs – The Region’s First Homegrown Longevity Consumer Brand Launches in the UAE

News Desk 03/07/2023

July 3rd, 2023 [Dubai, UAE] – Fivescore Labs, the first homegrown longevity consumer brand in the region has launched in the UAE. Co-founded by McGill and Harvard-trained scientists, the company aims to help lead the consumer longevity revolution across the Middle East. The pioneering concept is aimed at raising awareness and serving consumers with