Business

Pacific Prime Wins Allianz’s Top Individual Producer Award for the Third Consecutive Year

Middle East News 247 18/05/2023

DUBAI, United Arab Emirates — Pacific Prime was awarded the Top Individual Producer Award by Allianz in 2022, marking the third consecutive year that the leading global insurance broker and employee benefits specialist has won the award. On May 8th, 2023, the team from Allianz visited Pacific

Business

Gradiant Raises $225 Million to Accelerate Business Expansion

Middle East News 247 18/05/2023

BOSTON — Gradiant, a global end-to-end solutions provider of advanced water and wastewater treatment, today announced it has raised $225 million in its first close of Series D financing. The round was led by BoltRock Holdings and Centaurus Capital, bringing Gradiant’s total funding to date to over $400 million and its valuation to $1 billion. Gradiant […]

Business

ANGHAMI FILES 2022 ANNUAL REPORT WITH 37% REVENUE GROWTH & ANNOUNCES Q1 2023 RESULTS WITH 60% IMPROVEMENT IN EBITDA

Middle East News 247 18/05/2023

Abu Dhabi, United Arab Emirates — Anghami Inc. (NASDAQ: ANGH) (the “Company” or “Anghami”), the leading streaming platform for music and entertainment in the Middle East and North Africa (MENA) region, has announced its unaudited preliminary results for Q1 2023, ending March 31, 2023. Despite facing currency-related challenges in Egypt and Lebanon, Anghami successfully

Business

Integrate Middle East Continues to Drive Business Development with Second Day’s Innovation and Debate

News Desk 2 17/05/2023

Dubai, May 17, 2023: Integrate Middle East draws praise from global Pro AV and media technology communities on day two of its debut edition at the Dubai World Trade Centre (DWTC) from May 16–18, 2023. As well as showcasing the latest trends and technologies from the Pro AV industry, the first day of the exhibition […]

Business

HE Dr Thani Al Zeyoudi Meets Ministers, Business Leaders from Bosnia-Herzegovina

News Desk 2 17/05/2023

His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has led a UAE delegation of leading trade and finance officials to Bosnia-Herzegovina to identify strategic opportunities for UAE businesses in the region and establish stronger greater trade and investment links with this increasingly important economic region. HE Al Zeyoudi held […]

Business

Emirates Development Bank highlights technology focus and expertise at Middle East Banking Innovation Summit

News Desk 2 17/05/2023

Dubai, United Arab Emirates, 17 May 2023: Emirates Development Bank (“EDB” or “the Bank”), the financial engine for UAE economic development and industrial advancement, is participating in the annual Middle East Banking Innovation Summit in Dubai. The two-day event brings together over 400 senior bankers from across the MENA region to explore

Business GCC Saudi Arabia

Mahmoud Totonji Joins Kroll as Managing Director for Saudi Arabia

Middle East News 247 17/05/2023

LONDON — Kroll, the leading independent provider of global risk and financial advisory solutions, announced today the appointment of Mahmoud Totonji as Managing Director for Kroll Saudi Arabia. With over 20 years of experience across the banking, investment and financial services industries, Totonji is an industry veteran with deep relationships in the Kingdom of Saudi

Business

CHIEF COMPLIANCE OFFICERS NEED TO ACCELERATE THE ADOPTION OF AI FOR CREATING EFFICIENT FCC ORGANIZATIONS

Middle East News 247 17/05/2023

Dubai, United Arab Emirates — Compliance business has successfully leveraged digitization and robotization for seeking impact. It’s time to focus on artificial intelligence to gain on the overall process efficiency. Effiya Technologies partnered in the ‘FINTELEKT AML/CFT 12TH ANNUAL SUMMIT’, conducted in Mumbai, on 11th May 2023. Financial crimes are rising and becoming

Business GCC Saudi Arabia

Zain KSA Signs Agreement with Netcracker for Cloud-Based Managed Services

Middle East News 247 16/05/2023

WALTHAM, Mass. — Netcracker Technology announced today that Zain KSA has extended its partnership with Netcracker by adding cloud-based Managed Services to its deployment of Netcracker Digital BSS, Digital OSS and Customer Engagement. Capitalizing on the great opportunities for collaboration, this complete end-to-end

Business

Caroline Stanbury Joins Cocoona Clinic as Brand Ambassador

Middle East News 247 16/05/2023

Dubai, United Arab of Emirates — Cocoona Clinic is proud to announce that Caroline Stanbury, the well-known British entrepreneur, and TV personality, has joined the clinic as its new brand ambassador. As a highly respected fashion and beauty influencer, Stanbury’s partnership with Cocoona Clinic will help raise awareness of the clinic’s services and commitment

Business

ROCK YOUR PARTY WITH LG’S NEW XBOOM XL7S SPEAKER

Middle East News 247 16/05/2023

Dubai, United Arab Emirates — LG Electronics (LG) has announced the launch of its latest addition to the XBOOM series, the LG 2023 XBOOM XL7S Party Speaker. With its powerful audio performance producing immense sound, booming bass and clear high notes, the XBOOM XL7S is set to transform any party or event into an unforgettable […]

Business

Arabian Anti-Piracy Alliance CEO Scott Butler Files $67 Million Lawsuit Against Essam Al-Tamimi, Invest Bank

Middle East News 247 16/05/2023

MIAMI — The Arabian Anti-Piracy Alliance, a leading service provider for the protection of intellectual property rights, today announced that its CEO, Scott Butler, filed a $67 million lawsuit against Essam Al-Tamimi. Al-Tamimi is the founder of the largest law firm in the Middle East, which maintains seventeen offices in ten different countries. The lawsuit also […]

Business

Lynk & Co 03 and 03+ Models are Ready to Make Their Mark in the Middle East

Middle East News 247 16/05/2023

NINGBO, China — Lynk & Co, the automotive brand jointly owned by Geely and Volvo, has recently announced the export of Lynk & Co 03 and 03+ models to the Middle East region. These cars have departed from ports in China and have been transported to Kuwait, Oman and Saudi Arabia. The Lynk & Co […]

Business

Nitya Capital Closes Sale of Four Multifamily Properties in Texas

Middle East News 247 16/05/2023

HOUSTON — Nitya Capital, an international real estate investment firm headquartered in Houston, today announced the sale of four multifamily properties across the Dallas, Austin and San Antonio regions. These most recent deals total 73 property exits for Nitya since the company was founded in July 2013. Since its inception, Nitya has closed more than […]

Business

JLR DELIVERS SIGNIFICANTLY IMPROVED REVENUE, PROFIT AND FREE CASH FLOW FOR THE FOURTH QUARTER AND FULL YEAR

News Desk 2 16/05/2023

16 May 2023, United Arab Emirates, Dubai improved to £3.0 billion at 31 March 2023 with cash of £3.8 billion and liquidity of £5.3 billion (including undrawn £1.52 billion revolving credit facility) Order book at 200K units remains strong despite increased retail sales with Range Rover, Range Rover Sport and Defender representing 76% of the […]

Business

Respond.io joins forces with WhatsApp to assist GCC enterprises in driving business growth

News Desk 2 16/05/2023

UAE, May 16, 2023 Respond.io, a leading messaging platform that powers the future of business communications, has become a WhatsApp Business Solution Provider (BSP). The platform is now equipped to support and assist enterprises in the Gulf Cooperation Council (GCC) in effectively managing WhatsApp conversations with their customers and driving business growth. This

Business

DIFC Records Promising Growth in Q1 2023 Welcoming International Powerhouses Apple

News Desk 2 15/05/2023

Dubai, UAE; 15 May 2023: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, continues to attract world-class international firms to Dubai with Apple, Aramco, Baker McKenzie, JLL, Stryker, and others establishing new regional presence at the Centre. These additions reinforce DIFC’s 2022

Business

UK’s Nurse Margaret wins the coveted Aster Guardians Global Nursing Award 2023

Middle East News 247 15/05/2023

Dubai, United Arab Emirates — Margaret Helen Shepherd from UK has been announced as the winner of the Aster Guardians Global Nursing Award 2023 in a prestigious award ceremony held at Queen Elizabeth II Centre in London. The winner was announced by Dr. Azad Moopen, Founder Chairman and Managing Director of Aster DM Healthcare and […]

Business

Smart Raises $95m in Series E Funding

Middle East News 247 15/05/2023

LONDON — Smart, the London-headquartered fintech transforming the global retirement savings market, today announces it has closed its $95m Series E funding in a round led by Aquiline Capital Partners LLC (“Aquiline”), a private investment firm based in New York and London. Existing investors participating in the round include: Chrysalis Investments, Fidelity International

Business GCC Qatar

QF partner Texas A&M at Qatar graduates 126 engineers

Middle East News 247 15/05/2023

Doha, Qatar — Texas A&M University at Qatar, a Qatar Foundation partner university, graduated 126 engineers during commencement exercises held 11 May at the Qatar National Convention Centre (QNCC). The Class of 2023 includes 112 students who graduated with bachelor’s degrees in chemical engineering, electrical engineering, mechanical engineering and petroleum