Business UAE

UAE businesses are prioritising AI adoption

News Desk 2 29/12/2024 0

According to ServiceNow research According to a new AI Maturity Index Report by ServiceNow, in collaboration with Oxford Economics, businesses in the United Arab Emirates (UAE) are making significant strides toward AI adoption. The report reveals a widespread commitment to artificial

Automotive Business

Nissan and Honda sign a MoU to explore business integration

Arnold Pinto 25/12/2024 0

Targeting global mobility future Nissan Motor Company and Honda Motor Company have officially signed a Memorandum of Understanding (MoU), marking the beginning of talks that could lead to a significant business integration between the two Japanese automotive giants. The potential collaboration would involve creating a joint holding company, combining the strengths of both

Automotive Business

Nissan, Honda, Mitsubishi Motors seek tie-up

Arnold Pinto 24/12/2024 0

As global automotive industry evolves Nissan Motor Company, Honda Motor Company, and Mitsubishi Motors Corporation have signed a memorandum of understanding (MoU) to explore the possibility of Mitsubishi Motors’ involvement in the proposed business integration. This is a groundbreaking move to address the rapidly evolving global automotive industry. Establishing a joint

Business Tech

Nokia and e& UAE showcase end-to-end network slicing tech

Arnold Pinto 23/12/2024 0

Solution for gaming applications Nokia has revealed that e& UAE is the first telco in the world to implement its slicing solution to establish a dedicated end-to-end network slice tailored to meet modern gaming applications’ high-speed, low-latency demands. The demonstration, which took place at e& UAE’s Abu Dhabi labs, was part of an advanced trial […]

Business Tech

Oman acquires a stake in Elon Musk’s xAI

News Desk 2 22/12/2024 0

As the nation ups its digital strategy Oman Investment Authority (OIA), the sovereign wealth fund of the Arabian Gulf country, has taken an undisclosed stake in Elon Musk’s artificial intelligence (AI) company, xAI. This is the latest in a series of high-profile partnerships with the American billionaire entrepreneur. Musk founded xAI to develop advanced AI […]

Business Entertainment

TuSimple rebrands as CreateAI

Dan Ngiam 22/12/2024 0

Reveals Gen AI breakthrough TuSimple Holdings, a global leader in artificial intelligence, has rebranded to CreateAI. The shift marks the company’s renewed focus on revolutionising the animation and video game industries using its proprietary AI technologies and integrated content development platform. The company also revealed significant advancements in generative AI

Business Cybersecurity

Acronis and FC Schalke score a cybersecurity partnership

News Desk 2 19/12/2024 0

German club prioritises cyber safety Acronis, a global cybersecurity and data protection leader, has partnered with FC Schalke 04, one of Germany’s most renowned football clubs. In the new collaboration, Acronis, alongside its Managed Service Provider (MSP) partner, back upheld, will provide cutting-edge cybersecurity solutions to protect FC Schalke 04’s digital

Business Markets

World’s top arms makers profit from wars and regional tensions

Arnold Pinto 19/12/2024 0

Earnings top $632bn in 2023 Revenues from the world’s top arms producers surged in 2023, with the 100 largest companies in the sector collectively generating $632 billion, a real-terms increase of 4.2 per cent compared with the previous year. As the Stockholm International Peace Research Institute (SIPRI) recently revealed, this global trend reflects the growing […]

Business

Revibe raises $7m to grow its refurbished consumer tech business

News Desk 2 18/12/2024 0

Emerging markets on the radar Dubai-based Revibe, a specialist in guarantee-backed refurbished consumer electronics, has reached a significant milestone by closing its Series A funding round with $7 million. ISAI and Resonance co-led the round, which included key investors Kima Ventures and Edouard Mendy. This follows a year of impressive revenue growth, positioning Revibe

Appointments Business

Nissan reshuffles senior management team

Arnold Pinto 14/12/2024 0

To revive ailing automaker Nissan Motor Corporation has announced a significant leadership shake-up, appointing a new executive team effective January 1, 2025. The moves are part of the Japanese company’s broader turnaround strategy, designed to restructure operations and improve efficiency and resilience. These changes aim to respond swiftly to current challenges and

Business Sustainability

Stellantis and CATL to build LFP battery plant in Spain

Arnold Pinto 13/12/2024 0

For €4.1 billion Stellantis and Contemporary Amperex Technology Co. Ltd. (CATL) have announced a landmark agreement to invest up to €4.1 billion in a joint venture to build a large-scale lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. The cutting-edge facility, set to commence production by the end of 2026, will cater to the […]

Business

RAKIS 2024 concludes after 2 eventful days

News Desk 2 12/12/2024 0

Focus on investment opportunities The inaugural Ras Al Khaimah Investment and Business Summit (RAKIS), held from December 10 to 11, 2024, solidified the emirate’s commitment to long-term economic growth. The summit, a key forum for investment and innovation, offered thought-provoking discussions on various topics, from the crucial role of public-private partnerships to

Business Education

78% of business schools integrate AI into their curricula

Arnold Pinto 11/12/2024 0

Per the latest GMAC report A new Graduate Management Admission Council (GMAC) report reveals that 78% of business schools have incorporated Artificial Intelligence (AI) into their curricula or learning experiences. The study highlights the growing importance of AI in education as business schools worldwide seek to prepare students for a rapidly changing business

Business Space

Space42 and ICEYE partner to build SAR satellites in UAE

Arnold Pinto 10/12/2024 0

Boosting nation’s EO programme Space42, a UAE-based spacetech company, and ICEYE, a Finland-headquartered global leader in Synthetic Aperture Radar (SAR) satellite operations, have signed a joint venture agreement to manufacture SAR satellites in the UAE. The venture builds upon the two entities’ collaboration, which included the launch of the UAE’s first SAR

Business Events

RAKIS set to unveil Ras Al Khaimah investment opportunities

News Desk 2 07/12/2024 0

From December 10-11, 2024 The Ras Al Khaimah Investment and Business Summit (RAKIS) is just a few days away. Scheduled for December 10-11, 2024, at the Al Hamra International Exhibition & Conference Centre, the event brings together global business leaders, investors, and policymakers. The summit aims to explore new opportunities for investment and trade in […]

Business Markets

Digital ID verification spend to exceed $26bn globally by 2029

Arnold Pinto 06/12/2024 0

Growing from $15.2bn in 2024 A new study has found that spend on digital identity verification checks will grow by 74% from $15.2 billion in 2024. This substantial growth will be attributable to new solutions that aim to reduce the friction of these checks. Juniper Research’s study identified the rising usage of behavioural biometrics as […]

Business

USAF awards $2.38 billion contract to Boeing for supply of 15 modernised KC-46A tankers

Arnold Pinto 04/12/2024 0

Tanker represents new era in air-to-air refuelling Boeing has won a $2.38 billion contract from the US Air Force (USAF) for 15 additional KC-46A Pegasus tankers, marking a crucial milestone in developing and expanding the US military’s aerial refuelling capabilities. The addition of these 15 tankers ensures that the USAF will be well-equipped to meet […]

Business Cybersecurity

Study: IoT cybersecurity market is set to reach $60 billion globally by 2029

Arnold Pinto 03/12/2024 0

As potential for cyber-attacks escalates The global Internet of Things (IoT) cybersecurity market will experience dramatic growth over the next five years, reaching $60 billion by 2029, up from $27 billion in 2024. This represents a substantial 120% increase in cybersecurity investment, driven by enterprises’ rapid expansion of IoT devices. According to a new study

Business

Avtar and Seramount launch 2025 Best Companies for Women in Gulf study

Arnold Pinto 30/11/2024 0

Entries close on December 15, 2024 Avtar Group, a leading global advocate for Diversity, Equity, and Inclusion (DEI) based in Chennai, India, has partnered with Seramount, a Washington DC, US-based company, to launch the 2025 edition of the Best Companies for Women in Gulf (BCWG) study. This influential benchmarking initiative aims to recognise companies across […]

Automotive Business

Defender signs car partnership with Dakar Rally

Arnold Pinto 28/11/2024 0

Beginning from the 2025 edition British automaker Defender has unveiled a meaningful partnership with the Dakar Rally, solidifying its position as the official car partner of the legendary rally event from 2025 to 2028. This partnership is a significant milestone for Defender and the Dakar Rally, marking a new era of collaboration. From 2026, Defender […]