Business

LG CONCLUDES ITS INSTAVIEW CAMPAIGN WITH DONATION TO THOSE IN NEED

Middle East News 247 02/05/2023

Dubai, United Arab Emirates — LG Electronics (LG) is proud to announce the successful conclusion of its “Life is Full with LG InstaView” campaign which aimed to support those in need during the holy month of Ramadan. As part of the campaign, LG encouraged people to play the InstaView online

Business GCC Kuwait

Al Ahli Bank of Kuwait selects GBM Shield to Advance its Operational Security

News Desk 02/05/2023

Dubai, UAE – 2 May 2023: Gulf Business Machines (GBM) has signed a 3-year agreement with Al Ahli Bank of Kuwait (ABK) to implement the industry-leading GBM Shield cybersecurity platform within ABK’s operations. In a major move towards enhancing cyber resilience, ABK is leading the charge as one of the first customers in Kuwait to […]

Business

Independent Cloud Computing Leader Vultr Expands Global Footprint by Launching a New Data Center Location in Tel Aviv to Service the Growing Tech Ecosystem in the Country

Middle East News 247 02/05/2023

WEST PALM BEACH, Fla. — Vultr, the world’s largest privately-held cloud computing company, today announced the latest expansion of its global footprint in Tel Aviv, Israel, to provide democratized access to cloud infrastructure to the growing technology ecosystem in the country. With the addition of Tel Aviv and its new location in Manchester, England, Vultr […]

Business

AEG partners with Microsoft and Crayon to revolutionize SWIFT infrastructure in MEA

News Desk 01/05/2023

May, 2023; Dubai, United Arab Emirates – Allied Engineering Group (AEG), the largest SWIFT service bureau globally, has announced its collaboration with Microsoft and Crayon to bring tailored and compliant solutions to financial service institutions (FSIs) that are migrating their SWIFT infrastructure to the cloud. Through this partnership, AEG will publish its 10

Business

EXEED Hosts a Massive Test Drive Event for Its Latest Products

Middle East News 247 01/05/2023

Dubai, United Arab Emirates — EXEED hosted a test drive event in Wuhu for dealers and media from around the world on the 20th and 21st of April, offering them the chance to experience first-hand the performance and driving feel of these vehicles. During the event, EXEED provided a wide range of vehicles, including an […]

Business

Kinder’s ‘Growing Bigger Hearts’ Campaign Takes the Power of Storytelling to New Heights this Ramadan

Middle East News 247 01/05/2023

DUBAI, United Arab Emirates —As part of its ‘Growing Bigger Hearts’ campaign, which features animated stories inspired by key Ramadan values, this Holy month, Kinder – one of the largest chocolate brands in the world – organized a string of live storytelling events in the UAE and KSA. The initiative – which taps into the […]

Business

UAE’s leading business payments startup, Mamo, selects Checkout.com to fuel startup growth across MENA

News Desk 01/05/2023

DUBAI, UAE — May 1, 2023: Global payments provider Checkout.com has entered an agreement withMamo, the fintech powering payments for SMEs across MENA, making  Checkout.com the payments provider of choice for their flagship product Mamo Business.This deal further supports Mamo’s mission to accelerate the growth of SMEs in the MENA region’s flourishing digital economy.

Business

Orient Finance achieves remarkable growth in Q1 of 2023

News Desk 01/05/2023

May 01, 2023 Orient Finance, a leading and trusted ‘Global Investment Partner’ in the Middle East, recorded a robust performance during the first quarter (Q1) of this year by opening hundreds of new trading accounts for citizens and residents in the UAE and the Middle East. The trade volume also increased by 20 per cent […]

Food & Beverage Business

MOOD Rooftop Lounge Reopens with a Fresh New Look

News Desk 01/05/2023

MOOD Rooftop Lounge, the popular rooftop lounge destination, has officially reopened after a full interior renovation, an updated food and cocktail menu, and the introduction of weekly lively entertainment. Located on the 8th floor of the Meydan Hotel at Nad Al Sheba and with stunning views of the glittering Dubai skyline, this award-winning hotspot is […]

Business GCC UAE

UAE and Morocco set the goal to double trade & investment exchanges over next seven years

News Desk 01/05/2023

Rabat, Morocco, 1 May 2023: The first ever UAE-Morocco Joint Economic Committee (JEC) session took place recently in Rabat, in implementation of the agreement on trade, economic and technical cooperation between the two countries. The session was chaired by H.E. Abdullah bin Touq Al Marri, Minister of Economy, and H.E. Nadia Fattah Al Alawi, Moroccan […]

Business Hospitality

Rotana announces robust expansion plans at ATM 2023

News Desk 01/05/2023

Rotana, one of the leading hotel management companies in the region with over 100 properties across the Middle East, Africa, Eastern Europe and Türkiye (MENAT), today announces its ambitious expansion plans at the Arabian Travel Market (ATM) 2023, aiming to reach 120 operating hotels spanning across 28,000 keys by 2030. In parallel to ATM’s 30 […]

Business

VigiPay of Nigeria Selects ThetaRay AI Solution for AML Monitoring

Middle East News 247 01/05/2023

LAGOS, Nigeria & NEW YORK & TEL AVIV, Israel —VigiPay, a Nigerian fintech providing digital payment services, and ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced they will collaborate to protect VigiPay’s growing business against money laundering, sanctions violations, and other financial crime risks. Through the

Business

Good momentum across all businesses and updated Generics guidance

Middle East News 247 01/05/2023

London, United Kingdom — Hikma Pharmaceuticals PLC (Hikma, Group), the multinational pharmaceutical group, today provides an update on current trading ahead of its Annual General Meeting. Said Darwazah, Hikma’s Executive Chairman and CEO, said: “Hikma has had a good start to the year. Our Injectables and Branded businesses continue to perform well reflecting our

Business GCC UAE

IonQ Announces Agreement with the United Arab Emirates Quantum Research Center – Technology Innovation Institute

Middle East News 247 01/05/2023

COLLEGE PARK, Md. — IonQ (NYSE: IONQ), an industry leader in quantum computing, today announced a new agreement with Abu Dhabi’s Quantum Research Center – Technology Innovation Institute (QRC-TII) in the United Arab Emirates. The agreement will provide QRC-TII with access to IonQ’s industry-leading Aria quantum computer, enabling the testing and execution

Business GCC UAE

LG MULTI V5 EXPANDS FOR VILLA OWNERS IN ABU DHABI WITH AN EXCLUSIVE DEAL

Middle East News 247 28/04/2023

Abu Dhabi, United Arab Emirates — With the summer right around the corner and temperatures expected to pick up, LG Electronics (LG) has announced an exclusive offer on the LG Multi V5 for villa residents in Abu Dhabi. The LG Multi V5 is the brand’s integrated solution that provides maximum cooling and heating capacities while […]

Business

STARZPLAY to stream Sky News Arabia content

News Desk 28/04/2023

Abu Dhabi, UAE; April 28, 2023: STARZPLAY, ranked consistently among the region’s top three subscription video on demand services, today announced it has signed a landmark deal with Sky News Arabia, a leading pan-Arab news network. The channel carriage deal adds Sky News Arabia to the growing roster of news and entertainment available on STARZPLAY. […]

Business

EXEED Breaks Boundaries with ‘Smart-Aesthetics 2.0’ Design Concept

Middle East News 247 28/04/2023

Dubai, United Arab Emirates — The innovative design concept brings powerful forces beyond the brand’s perception. Led by an international top automotive designer, EXEED is a luxury automobile brand that integrates unlimited technology into aesthetics. It breaks the design boundaries of traditional automobile designs and achieves the most effective combination of

Business

Chery, leading the future in technology, debuted at the Shanghai Auto Show

Middle East News 247 28/04/2023

Dubai, United Arab Emirates — On April 18th, the 20th Shanghai International Automobile Industry Exhibition opened grandly at the Shanghai National Convention and Exhibition Center. At the world’s largest and most influential international A-class auto show, Chery Motors released its third-generation PHEV technology, showcasing its latest development path in the face

Business

A New Track, A New Journey: This Year’s Chery’s Global Dealer Theme Conference.

Middle East News 247 28/04/2023

Dubai, United Arab Emirates — On April 22, Chery’s 2023 Global Dealer Conference took place with this year’s theme in full swing. During the Conference, Chery executives shared their achievements in globalization in the past years with more than 700 dealers. The company has launched four major transformation measures to enter new markets, namely

Business

Green Hydrogen Company Ohmium Closes $250 Million Series C Fundraise Led by TPG Rise Climate

Middle East News 247 28/04/2023

FREMONT, Calif. & SAN FRANCISCO — Ohmium International (“Ohmium”), a leading green hydrogen company that designs, manufactures, and deploys advanced proton exchange membrane (PEM) electrolyzer systems, today announced the close of a $250 million Series C growth equity financing. The round was led by TPG Rise Climate, the dedicated climate investing strategy