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January 10, 2025
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Business

Ducab Metals Business – signs agreement with CTC Global

Dubai, UAE – 9 March 2023 – Ducab Metals Business (DMB), one of Ducab Group’s business units and the only provider of both copper and aluminium solutions in the region, has signed an agreement with US-based leading manufacturer of efficient conductors CTC Global, enabling the organization to be the only manufacturer of CTC Global’s high-capacity, […]
Business GCC UAE

Best’s Market Segment Report: Intense Price Competition Erodes Profitability of United Arab Emirates-listed Insurers in 2022

LONDON — The insurance market in the United Arab Emirates reported a marked deterioration in underwriting profitability in 2022. In AM Best’s opinion, this largely reflects the highly competitive market conditions and continuous pricing pressures, particularly in the core motor and medical lines, which account for a large proportion of retained risk in the market. A
Business NEWS DESK

Eurovets App to Revolutionize Customer Engagement

Dubai, UAE, March 2023 – Eurovets, a leading animal care equipment and supplies distributor in the UAE, has reinforced the importance of downloading its App enabled to help customers keep up with the constantly evolving portfolio of products/ services. The Eurovets App is a free to download platform that allows customers to quickly access information […]
Business

apexanalytix Acquires ESG Enterprise

GREENSBORO, N.C. & HOUSTON — apexanalytix® (“apex”), a leading provider of global supply chain risk management data, software and services, and ESG Enterprise (the “Company”), a provider of environmental, social and governance (ESG) management data, software and services, today announced that apex has acquired ESG Enterprise. Financial terms of the transaction were not
Business

Regtech accelerating the adoption of artificial intelligence by the financial institutions

Dubai, United Arab Emirates — Regtech helps financial and non-financial institutions by leveraging AI to reduce the time spent on investigations and the FTE required for the investigations of financial crimes. This sentiment was commonly echoed by the panel speakers of 6th MENA Regtech: Mr. Muhammad Shahid Farid, Head of AML/CFT and Sanctions, The Commercial […]
Business

Ducab Group reports more than 19 percent year-on-year growth

Dubai, UAE – 8 Mar, 2023 – Ducab Group, one of the UAE’s largest end-to-end energy solutions providers and industrial manufacturing businesses, has registered notable gains across its business units in 2022, with a combined annual year-on-year revenue increase of 19 percent. The metal business alone posted more than 23 percent in Y-o-Y growth, followed […]
Business

DIFC Brings Together Global Insurance Leaders

Dubai, UAE; 8 March 2023: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, is bringing together over 1,100 insurance leaders from 60 countries around the world for the sixth annual Dubai World Insurance Congress (DWIC), co-hosted by Global Reinsurance. DWIC is held under […]
Business

blinx: The First Digital Native Storytelling Hub in MENA to Elevate Storytelling and Offer New Perspectives

DUBAI, United Arab Emirates — blinx, the first digital native storytelling hub in the Middle East and North Africa (MENA) region, was announced today. The hub aims to elevate storytelling and offer new perspectives. It will target Gen Z and Millennials in the region, and beyond. Headquartered in Dubai Media City, blinx will soon launch on multiple
Business

Anghami Reports 35.6% Revenue Growth in Preliminary Unaudited 2022 Results, with Focus on Continued Efficiency and Profitability for 2023

Abu Dhabi, United Arab Emirates — Anghami Inc. (NASDAQ: ANGH), the leading streaming platform for music and entertainment in the Middle East and North Africa, has announced its unaudited preliminary results for the year 2022. Anghami recorded a robust financial performance in 2022, with total revenue of $48.1 million, reflecting an increase of 35.6% compared […]
Business

DIFC Grants Captive Licence to Ma’aden

Dubai, UAE; 07 March 2023: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, has granted a captive licence to Ma’aden, the largest multi-commodity mining and metals company in the Middle East, and one of the top five largest mining companies in the world […]
Business GCC UAE

Pacific Prime Dubai Wins Cigna Middle East’s Individual Broker of the Year Award for the Third Time

DUBAI, United Arab Emirates — Global insurance brokerage and employee benefits specialist Pacific Prime is proud to win Cigna Middle East’s Individual Broker of the Year Award 2022, marking the brokerage’s third consecutive year winning the award. The team from Cigna presented the award on February 15th, 2023 at Dubai Creek Golf and Yacht Club’s […]
Business

Gradiant Acquires Advanced Watertek to Expand Manufacturing Capabilities and Fuel Middle East Growth

BOSTON — Gradiant, a global solutions provider for advanced water and wastewater treatment, today announced it has acquired Advanced Watertek, a leading original equipment manufacturer (OEM) and service provider for membrane-based water and wastewater treatment systems. The acquisition strengthens manufacturing resources for Gradiant’s custom-designed and integrated
Business

POWERCHINA Celebrates 10th Anniversary of CPEC: Committed to Bringing Pakistan Forward for Green and Sustainable Development

BEIJING — This year will see the 10th anniversary of the China-proposed Belt and Road Initiative (BRI) and the 10th anniversary of the launch of the China–Pakistan Economic Corridor (CPEC). As one of the key enterprises participating in the construction of the CPEC, POWERCHINA has been active in various fields such as energy, electricity, water […]
Business GCC Saudi Arabia

EXPERTS GATHER IN RIYADH TO DISCUSS JUDICIAL TECHNOLOGY AT THE INAUGURAL INTERNATIONAL CONFERENCE ON JUSTICE

RIYADH, Saudi Arabia — Saudi Arabia’s Ministry of Justice is organizing the first International Conference on Justice in Riyadh on 5-6 March, 2023. The Conference will bring together experts, jurists and key decision makers from the legal sectors of over 30 countries to discuss the future of technology and digitization in the field of justice. […]
Business GCC Saudi Arabia

Saudi Arabia makes a $5 Billion deposit at the Central Bank of Turkey through the Saudi Fund for Development

Turkey, İstanbul — In implementation of the directives from the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Crown Prince and Prime Minister, Mohammed bin Salman Al Saud, KSA Minister of Tourism and Chairman of the Saudi Fund for Development (SFD) Board of Directors, H.E. Mr. Ahmed […]

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