Business

ALEC named main contractor for ground-breaking Wynn Resort

News Desk 2 22/03/2023

RAS AL KHAIMAH; 22 MARCH 2023: Marjan, in partnership with RAK Hospitality Holding and Wynn Resorts, Limited, has announced the appointment of two contractors to undertake integral construction works of the integrated Wynn Resort set to open in Ras Al Khaimah early 2027. ALEC Engineering and

Business GCC UAE

UAE-based financial sector reaffirms its commitment to spearhead sustainability goals ahead of COP28

News Desk 2 22/03/2023

Dubai, UAE – As global efforts to tackle climate change continue to gather momentum, pressure is mounting on the Middle East finance sector to play its rightful role by innovating and deploying initiatives and partnerships aimed at achieving environmental, social and governance (ESG) objectives. Ahead of the 28th Conference of the Parties (COP28) to the […]

Business

Gulftainer is Awarded with an International Safety Award from the British Safety Council

Middle East News 247 22/03/2023

Sharjah, United Arab of Emirates — Gulftainer, one of the world’s leading privately owned, independent port management and logistics companies, has won an International Safety Award from the British Safety Council in recognition of its commitment to keeping its workers and workplaces healthy and safe during 2022. Now in their 65th year, the International Safety […]

Business

The 7th China Yiwu International Hardware & Electrical Appliances Fair to Showcase Best of Hardware and Electrical Products

Middle East News 247 21/03/2023

YIWU, China — As the sole professional exhibition platform for hardware and electrical products in Yiwu City of China, the 7th China Yiwu International Hardware & Electrical Appliances Fair will be held at Yiwu International Expo Center on April 20-22, 2023. This year, the total exhibition area will measure 50,000 square meters, which is 10,000 square

Business

DGW signs an Agreement with  Etihad ESCO

News Desk 2 21/03/2023

Dubai, 21 March 2023: Dubai Government Workshop (DGW) and Etihad Energy Services Company (Etihad ESCO) signed an agreement to establish a photovoltaic power station with an aim to increase contribution of clean energy and reduce carbon emissions. The agreement was signed by H.E. Fahad Ahmed Al Raeesi,  Executive Director  of DGW, and Dr. Waleed Alnuaimi, […]

NEWS DESK Business

Emirates Islamic launches cash back campaign

News Desk 2 21/03/2023

Dubai, 21 March 2023: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has launched their “Trade More, Earn More” campaign to incentivise small and medium-sized businesses to use the bank’s trade solutions suite for optimal import and export business transactions. The SME sector accounts for more than 94% of total operational […]

Business

Epsilon Named a Leader in Loyalty Technology Solutions Report by Independent Research Firm

Middle East News 247 21/03/2023

DALLAS — Epsilon, a global advertising and marketing technology company and part of Publicis Groupe today announced it has been named as a Leader in “The Forrester WaveTM: Loyalty Technology Solutions, Q1 2023″ by Forrester Research, Inc. Epsilon earned the top score in the Strategy category and the highest score possible in 15 evaluation criteria, […]

Tech Business

Cyber protection experts fear rise in AI-driven cyberattacks – Acronis

News Desk 2 21/03/2023

By Q3 2022, the proportion of phishing attacks had risen by 1.3 times, representing 76 percent of all attacks, up from 58 percent in Q1 Dubai, UAE – March 15, 2023: The accelerated advancement of artificial intelligence-driven (AI) innovations are feared to be clawing back some of the much-needed gains in the global war against […]

Business

SEVEN signs licensed agreement with Hasbro, Inc.

News Desk 2 21/03/2023

Riyadh, Saudi Arabia; March 21, 2023: Saudi Entertainment Ventures (SEVEN), a wholly owned subsidiary of the Public Investment Fund (PIF), in agreement with Hasbro, Inc., a global branded entertainment leader, will develop and operate the world’s first PLAY-DOH themed entertainment centres. The centres will open at SEVEN entertainment destinations in eight locations in

Business NEWS DESK

Sav Raises USD 750,000 in Pre-Seed Round to Revolutionize Personal Savings

News Desk 2 20/03/2023

Sav is part of the prestigious Mohammed Bin Rashid Innovation Fund’s (MBRIF) Innovation Accelerator program Sav has helped more than 10,000 users create saving goals upwards of AED 8mn Dubai, United Arab Emirates, 20 March, 2023: – Sav, a leading innovator in the personal savings space, today announced the successful closure of its pre-seed funding […]

Business

LG MEA Brings to the Region Innovation-Packed Home Entertainment Line-Up

Middle East News 247 20/03/2023

Dubai, United Arab Emirates — LG recently welcomed its executives, guests and partners for the opening of the LG Showcase MEA 2023. The grand event acted as a platform for LG to showcase its latest innovations and solutions, while also providing visitors with the chance for a hands-on experience with each product. During the course of […]

Business

Hitachi Energy and Gulf Cooperation Council Interconnection Authority (GCCIA) sign contract

News Desk 2 20/03/2023

Dubai, March 20, 2023 – Hitachi Energy and Gulf Cooperation Council Interconnection Authority (GCCIA) announced today the signing of a contract to upgrade the Al-Fadhili high-voltage direct current (HVDC) converter station under the GCCIA authority in Saudi Arabia. Its mission is to create a resilient interconnected grid, ensuring power security, and economic benefits.1

Business GCC Kuwait UAE

UAE Electric Yacht manufactures clinches Kuwait fleet deal

News Desk 2 20/03/2023

Dubai/Kuwait, March 20, 2023: Advancing the prospect of sustainable marine transportation in the region, a pioneering electric marine vessel maker, Crown Electric Ships and Boats Dubai, today announced clinching a deal with the Badr Sultan Group of Kuwait, to develop and supply a fleet of zero-emission electric yachts for the region. The company said the deal […]

Energy Business

Research reveals energy concerns impacting business competitiveness

News Desk 2 20/03/2023

Dubai; 20th March 2023: Research shows that businesses around the world remain concerned about the impacts of energy security and prices, which could be a catalyst for a range of environmental, social and economic ripple effects. According to ABB Electrification’s Energy Insights survey1 of 2,300 leaders in 10 markets around the world, including the UAE, […]

Business Tech

Evanssion partners with ExtraHop

News Desk 2 20/03/2023

Dubai, United Arab Emirates, March 20, 2023– Evanssion, a leading cybersecurity and cloud-native value distributor, is pleased to announce its partnership with ExtraHop, the leader in cloud-native network detection and response, across the Middle East region. Through this partnership, Evanssion’s customers and partners will be able to leverage cutting-edge network

Business

DLF’s latest luxury high-rise residences

News Desk 2 20/03/2023

DLF, India’s largest listed real estate company, witnessed record-breaking pre-formal launch sales of US$ 1 billion for its luxury high-rise residences, The Arbour*, is located at DLF Sixtythree on Golf Course Extension in Sector 63, Gurugram. The Arbour, that marks DLF’s entry into the micro market at Golf Course Extension, has been fully sold out within three

Business

Acuity Knowledge Partners Tops 5,500 Staff as Demand for Bespoke Research and Analytics Continues

Middle East News 247 20/03/2023

LONDON — Acuity Knowledge Partners (Acuity), a leading provider of bespoke research, analytics, staffing and technology solutions to the financial services sector, is proud to highlight its success in adding new clients across key markets and expanding existing relationships over the past year, as well as completing its first bolt-on transaction. With a presence

Business

T.A.C raises USD 12.2 Mn in Series A round led by Sixth Sense Ventures

Middle East News 247 20/03/2023

GURGAON, India — T.A.C – The Ayurveda Co., India’s first and fastest-growing D2C omnichannel Ayurvedic lifestyle brand, has raised USD 12.2 Mn in its Series A funding round from India’s largest consumer VC fund, Sixth Sense Ventures. It also saw participation from actress Kajal Agarwal, notable start-up founders and venture debt funds. It was also […]

Business Real Estate

Eshraq Investments announces Real Estate portfolio monetization

News Desk 2 17/03/2023

Abu Dhabi, UAE; 17 March 2023: Eshraq Investments PJSC (“Eshraq” or “Company”) today announced that it has entered into Memoranda of Understanding (“MOU”) with regard to the sale of all the 58 apartments it owns in Burj Daman-DIFC-Dubai for a total sale consideration of AED 162 million. The transactions are a continuation of the Company’s […]

Business GCC UAE

UAE and Republic of Congo seek to enhance economic cooperation

News Desk 2 17/03/2023

Abu Dhabi, 17 March 2023: H.E Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, held a meeting with H.E. Denis Christel Sassou Nguesso, Minister of International Cooperation and Public-Private Partnership Development of the Republic of the Congo, to explore the means to strengthen economic, trade, and investment cooperation between the two […]