NEWS DESK Business GCC Saudi Arabia

Saudi Arabia’s Entrepreneurial Space Boosted By Surge In Ramadan E-Commerce

News Editor 08/05/2023 0

Saudi Arabia’s Entrepreneurial Space Boosted By Surge In Ramadan E-Commerce: The surge in e-commerce during the holy month of Ramadan presents an ample opportunity for the entrepreneurship environment in Saudi Arabia. Despite the global price hikes and economic instability seen across the

Business

ACTION-FILLED FUN WITH THE LG ULTRAGEAR™ MONITOR FEATURING OLED TECHNOLOGY

Middle East News 247 08/05/2023

Dubai, United Arab Emirates — LG Electronics (LG) continues to push the boundaries of immersive gaming experiences and cement its position as a leader in the gaming monitor market. Experience the breathtaking speed you require with the LG UltraGear™ monitor, a massive 45” 21:9 display that features LG’s state-of-the-art OLED technology for stunning picture quality.

Business

Vertiv Inaugurates New Factory in Ras Al Khaimah to Expand its Integrated Modular Solutions Business

News Desk 2 08/05/2023

Dubai, United Arab Emirates [8 May 2023] – Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, inaugurated an expansion of its factory in Ras Al Khaimah, UAE, to support its integrated modular solutions (IMS), low voltage switchgear and busway businesses. The latest addition will help the company proactively address the […]

Business

Ducab Group announces 380% growth in the volume of utilities solutions supplied between 2021 and Q1 2023

News Desk 2 08/05/2023

Ducab Group, one of the biggest end-to-end solutions providers and manufacturing firms in the United Arab Emirates, has reported 380% growth in the volume of utilities solutions supplied supplied starting from 2021 and until the first quarter of 2023. The announcement was made as the Group takes part in the World Utilities Congress (WUC) 2023, […]

Business GCC UAE

EDB and UAE Ministry of Economy Recognize Partners for Successful Credit Guarantee Scheme Supporting mSMEs

News Desk 2 08/05/2023

Emirates Development Bank (“EDB” or “the Bank”), a key financial engine for the economic development and industrial advancement of the UAE, and the Ministry of Economy today recognised and rewarded all the banking and FinTech partners involved in the Bank’s Credit Guarantee Scheme (CGS). Representatives from EDB’s 10 partner banks gathered at

Tech Business

Emerson and ACS to Showcase Advanced Digital Solutions at Africa Automation Technology Fair

News Desk 2 08/05/2023

Global automation technology and software leader Emerson (NYSE: EMR), together with Automation Control Solutions (ACS), its local business partner in Africa, will showcase Emerson’s comprehensive automation portfolio for industrial applications at the Africa Automation Technology Fair from May 9 to 11 in Johannesburg, South Africa. In line with the exhibition’s theme ‘For

Business GCC UAE

UAE to become next Silicon Valley, say experts at Machine Can See 2023

Middle East News 247 08/05/2023

Dubai, United Arab Emirates: Dubai can ace the race of the world’s cities aspiring to become the next Silicon Valley, said a group of experts from around the world who assembled at the Museum of the Future in Dubai, visualizing this city as a place with the capability to envision, imagine and bring things to reality. […]

Business

Hevolution Foundation Geroscience Research Opportunities (HF-GRO) Awards Unveiled, with a Budget of up to $115M Over Five Years

Middle East News 247 08/05/2023

RIYADH, Saudi Arabia: Hevolution Foundation, a non-profit organization that provides grants and early-stage investments to incentivize research and entrepreneurship in healthspan science, is launching a new grants program, “Hevolution Foundation – Geroscience Research Opportunities” (HF-GRO). HF-GRO will provide funding for pre-clinical research in aging biology and

Business

Landmark Retail adopts innovative platform solutions for eCommerce Microservices With Broadleaf Commerce

Middle East News 247 05/05/2023

Broadleaf Commerce has signed up Emax Electronics, part of Middle East retail conglomerate Landmark Retail, as a top client for their ecommerce microservices. After a thorough review, Landmark Retail selected the Broadleaf Commerce platform as a preferred partner for MACH (Microservice-based, API first, Cloud native, and Headless) solution that seamlessly manages the

Business GCC UAE

UAE, US Explore Investment Opportunities with Focus on Clean Tech Start Ups

News Desk 2 05/05/2023

Austin, United States, 05 May, 2023 : A delegation of senior officials and business leaders from the UAE, headed by His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has visited the US state of Texas, the single-largest state exporter to the UAE, to identify new bilateral investment and collaboration […]

NEWS DESK Business

Stellantis Reports 14% Increase in Q1 2023 Net Revenues

News Desk 2 05/05/2023

“Stellantis is off to a solid start in 2023, maintaining the momentum from an excellent 2022 and posting robust shipments and Net revenues in all segments. Our global footprint and diverse product portfolio means we are well-positioned to continue delivering strong financial performance throughout the year. We will add nine new battery electric vehicles to […]

Business

Dar Completes Acquistion of Su-Yapı

Middle East News 247 04/05/2023

Dubai, United Arab Emirates: Dar Al-Handasah Consultants (Shair and Partners) – Dar, a renowned international multidisciplinary consultancy, has acquired a majority stake in Su-Yapı Engineering & Consulting – Su-Yapı, one of Türkiye’s premier engineering consulting firms. With some 200 multidisciplinary professionals, Su-Yapı is a regional leader in water,

Business

Wipro appoints Soeren Lorenzen as Chief Growth Officer, APMEA

Middle East News 247 04/05/2023

DUBAI, United Arab Emirates & BANGALORE, India: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced the appointment of Soeren Lorenzen as the Chief Growth Officer of its Asia Pacific, Middle East and Africa (APMEA) strategic market unit. Soeren will lead APMEA’s sales, marketing, and partnerships teams. He

Business

Vultr Partners with Backblaze to Provide Flexible and Cost-Effective Access to Powerful Cloud Compute and Cloud Storage Infrastructure for Developers

Middle East News 247 04/05/2023

SAN MATEO, Calif. & WEST PALM BEACH, Fla.: Vultr, the world’s largest privately-held cloud computing company, and Backblaze (Nasdaq: BLZE), a leading specialized storage platform, announced an expansion of their partnership, now offering a range of integrated solutions of cloud compute and object storage. Customers can utilize high-performance cloud compute instances

Business

BuzzAR And Cypher Capital Announce New AI-Web3 Metaverse Project

News Desk 2 04/05/2023

Dubai, United Arab Emirates –May 4, 2023: Singapore and Saudi Arabia-based AI avatar company BuzzAR has announced its partnership with Cypher Capital, a leading venture capital firm in the Middle East, to create disruptive AI+LBS Web3 location-based game projects. The partnership will allow the companies to leverage proprietary generative AI technologies on its Metaport, a

Business

Musafir.com enters into a strategic agreement with AlUla at Arabian Travel Market 2023

News Desk 2 04/05/2023

May 4, 2023; Dubai, UAE: The global heritage destination of AlUla in Saudi Arabia is increasingly attracting travellers from all around the globe, attracted by the historic landscape and diverse experiences available at the World’s Largest Living Museum. In 2022, 185,000 visitors came to AlUla, with 250,000 forecast for 2023. In recognition of the vast […]

Business

The Middle East Is the Fastest Growing Real-Time Payments Market Globally, Finds ACI Worldwide Report

Middle East News 247 03/05/2023

DUBAI, United Arab Emirates — Middle East is fast becoming the global hotspot for the real-time payments revolution sweeping the globe. The region is the fastest-growing real-time payments market globally, with transactions in the region expected to grow from $675 million in 2022 to $2.6 billion by 2027, representing a compound annual growth rate (CAGR) […]

Business GCC UAE

Under the patronage of Khaled bin Mohamed bin Zayed, 12th Annual Investment Meeting

News Desk 2 03/05/2023

Abu Dhabi, UAE, 3 May 2023: Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, the 12th Annual Investment Meeting (AIM Global 2023) will commence on 8 May 2023. With the support of strategic partners the Ministry […]

Business

SALESmanago Expands Partnership Program to Meet Growing Demand for Zero Party Data-powered Customer Engagement

Middle East News 247 03/05/2023

KRAKÓW, Poland — SALESmanago, the leading customer engagement platform for eCommerce brands, today announced the growth of its global partner program, which saw a 160% revenue increase over 2022. After onboarding 100+ new partners in the last six months, 2023 will see SALESmanago launch new programs that include local go-to-market support, integrated platform technologies

Business

BREATH EASY ON WORLD ASTHMA DAY WITH LG’s ADVANCED AIR PURIFIERS FOR HEALTHIER INDOOR AIR QUALITY

Middle East News 247 03/05/2023

Dubai, United Arab Emirates — As we observe World Asthma Day, it is time to spread awareness about the significance of fresh air and optimal respiratory health. LG Electronics (LG) remains steadfast in its mission to enhance people’s lives through innovative technology and intelligent design by providing cutting-edge air purifiers that can mitigate asthma symptoms