Business

NVIDIA Posts Record First Quarter Fiscal 2025 Results

Arnold Pinto 24/05/2024 0

Data Centre Revenue Tops $22.6 Billion NVIDIA Corporation has announced its financial results for the first quarter of fiscal 2025, sending waves through the market with record-breaking figures. The period ending April 28, 2024, saw the US-based tech giant achieve unprecedented milestones,

Automotive Business UAE

Al Ghurair Motors Is TAM-Europe’s Commercial EV Dealer In UAE

Arnold Pinto 24/05/2024 0

Dealership Pact Signed At EVIS 2024 Al Ghurair Motors, a Dubai, UAE-based automotive dealer, has been appointed as the sole distributor in the UAE of TAM-Europe, a Maribor, Slovenia-headquartered commercial vehicle manufacturer of EVs (electric vehicles). This follows a Memorandum of Understanding (MoU) signed by the two entities at the Electric Vehicle Innovation Summit

Business UAE

DWTC Contributed AED18 Billion To Dubai’s GDP In 2023

Arnold Pinto 23/05/2024 0

Global Attendees Boost City’s Economy Dubai World Trade Centre (DWTC) contributed a significant AED18.28 billion ($4.6 billion) to Dubai’s GDP in 2023, resulting from 76 on-site exhibitions, conventions, and industry conferences, according to the company’s newly released 2023 Economic Impact Assessment Annual Report. Of this mammoth yield, AED10.53 billion

Business Events

IBEForuM To Host Middle East Employee Wellbeing Summit 2024

News Desk 2 22/05/2024 0

Providing Solutions For Workplace Health The inaugural Middle East Employee Wellbeing Summit, a unique platform that combines cutting-edge strategies with regional insights, will take centre stage at Radisson Blu Hotel Dubai Canal View from May 28 to 29, 2024. As the Middle East region’s key event dedicated to advancing employee well-being initiatives, the summit

Business Tech

Teradyne Robotics Opens New HQ In Odense, Denmark

News Desk 2 22/05/2024 0

As Industry Heads Ponder Robotics’ Future This week, a convergence of industry giants marked the inauguration of Teradyne Robotics’ new headquarters in Odense, Denmark. The event also served as a platform for senior executives from NVIDIA, Siemens, and Teradyne Robotics to deliberate on the burgeoning advancements within the robotics sector. Located in Odense, a city

Business UAE

Cloudera Primed For AWS Summit Dubai 2024

Arnold Pinto 22/05/2024 0

Showcasing Enterprise AI And Hybrid Data Solutions Cloudera is set to take centre stage at the AWS Summit in Dubai on May 29, 2024, as part of its commitment to transform data analytics and machine learning powered by the robust infrastructure of Amazon Web Services (AWS). AWS Summit Dubai, taking place at Dubai World Trade […]

Business Markets Tech

Nasdaq Deploys Advanced AI Into Its Market Surveillance

Arnold Pinto 21/05/2024 0

Targeting Manipulation And Insider Trading Nasdaq has launched a groundbreaking addition to its market surveillance technology, introducing a potent AI feature set to transform the detection and investigation of market abuse worldwide. Through the integration of generative AI, Nasdaq aims to expedite the process of identifying potential market manipulation and insider

Automotive Business Interviews

Exeed: Pioneering Innovation In The Global Automotive Market

Arnold Pinto 20/05/2024 0

Premium Automaker Intensifies Global Expansion Hailing from the heart of Wuhu, Anhui Province, China, the Exeed automotive brand has emerged as a beacon of innovation and excellence in the competitive automotive industry. With a strategic vision and a firm commitment to challenging the norm, Exeed has rapidly gained domestic and international recognition, particularly in

Business GCC UAE

How To Invest In The US Stock Market From Dubai

News Desk 2 19/05/2024 0

S&P 500 And Nasdaq Are Global Benchmarks For investors based in Dubai, exploring opportunities beyond local markets – such as the US – can lead to diversified portfolios and potentially higher returns on investment. One such avenue worth considering is the US stock market. Renowned for its depth, liquidity, and historical resilience, the US stock […]

Blockchain & Cryptocurrency Business UAE

New York’s Chainalysis Opens Regional Headquarters In Dubai

News Desk 2 17/05/2024 0

Cementing Commitment To UAE’s Crypto Evolution Chainalysis, a global blockchain intelligence platform, has launched its regional headquarters in Dubai. The New York-headquartered company specialises in cryptocurrency investigation and compliance solutions for global law enforcement agencies, regulators, and private sector entities fighting illicit cryptocurrency

Business Events

Krista Exhibitions To Host ALLPack Indonesia 2024

Dan Ngiam 17/05/2024 0

At Jakarta International Expo Centre Krista Exhibitions is set to host ALLPack Indonesia 2024, in conjunction with AllPrint Indonesia Expo 2024, at the Jakarta International Expo (JIExpo) centre in Kemayoran, Jakarta, from October 9 to 12, 2024. ALLPack Indonesia 2024—the 23rd edition—will showcase processing and packaging technology for food, beverages,

Business Corporate UAE

Dubai Tops FDI Global Charts For The Third Consecutive Year

Arnold Pinto 16/05/2024 0

Leaving Singapore And London Trailing Dubai, the Middle East’s default business and commercial capital, is the world’s leading foreign direct investment (FDI) hub for the third consecutive year, bypassing Singapore and London, respectively. As per the Financial Times’ fDi Markets platform, Dubai, the Arabian Gulf emirate, not only secured the top spot in global

Business

Private Companies In UAE Have Key Role In Emiratisation Initiative

Arnold Pinto 15/05/2024 0

MoHRE: Robust Emirati Workforce Needed Private companies in the United Arab Emirates (UAE) have a unique opportunity to understand and align with the country’s Emiratisation plans. This could involve initiatives such as increasing the number of Emirati employees, providing training and development opportunities for Emiratis, or partnering with local educational

Aviation Business UAE

Emirates Group Posts AED18.7 Billion Profit For 2023-2024

Arnold Pinto 14/05/2024 0

A 71% Increase From The Previous Year Dubai-headquartered Emirates Group has achieved a remarkable milestone in its 2023-2024 fiscal year, with profit reaching an unprecedented AED18.7 billion ($5.1 billion), a staggering 71% increase from the previous financial year. With revenues soaring to AED137.3 billion ($37.4 billion), an impressive 15% increase propelled by robust

Automotive Business

Parkopedia And Regeny Charge Up To EV Drivers’ ‘Range Anxiety’ Concerns

Arnold Pinto 13/05/2024 0

By Ramping Up EV Charging Access In Middle East Parkopedia, a global leader in connected car services headquartered in London, UK, has forged a strategic alliance with Regeny, a prominent electric vehicle (EV) charging solutions provider based in Dubai, United Arab Emirates (UAE). The collaboration is set to revolutionise the accessibility of EV charging infrastructure

Business Saudi Arabia

98% Of Saudi Consumers Seen In FMCG Purchasing Shift

News Desk 2 12/05/2024 0

Echoing A Broader Global Sentiment Consumer behaviour, a dynamic interplay of economic conditions, societal values, and individual priorities, is profoundly transforming in Saudi Arabia. This shift, revealed in NielsenIQ’s Consumer Outlook 2024 report, reveals a new consumer landscape in which preferences are recalibrated. Consumers increasingly gravitate towards

Appointments Business

Colm Mcloughlin Retires From Dubai Duty Free

Arnold Pinto 11/05/2024 0

After 41 Years At The Helm After a 55-year journey in the travel retail industry and an illustrious 41-year tenure at the helm of Dubai Duty Free, Colm McLoughlin, Executive Vice Chairman & CEO, has announced his retirement, effective May 31, 2024. McLoughlin, widely regarded as the driving force behind Dubai Duty Free’s ascension to […]

Business Events

BIE Conducts Its First Technical Visit To Saudi Arabia

Arnold Pinto 10/05/2024 0

In Connection With Expo 2030 Riyadh A Bureau International des Expositions (BIE) delegation, led by its Secretary General Dimitri S. Kerkentzes, has concluded the organisation’s inaugural technical visit to Riyadh. The visit was in connection with Saudi Arabia’s election as the host country of Expo 2030 Riyadh. The four-day visit was crucial in preparing for […]

Business Transport

Keolis Wins Lyon Metropolis Bus And Trolleybus Contract

Arnold Pinto 08/05/2024 0

Concession To Yield $290 Million Annually Keolis has been awarded the contract to operate and maintain the bus and trolleybus services in the Lyon metropolitan region in France, following notification from SYTRAL Mobilités. The contract, known as the concession contract or délégation de service public, will commence on January 1, 2025, and last six years. […]

Business Qatar

Qatar Economic Forum Set For May 14-16, 2024

News Desk 2 07/05/2024 0

Hosted By Media City Qatar And Bloomberg Media In a strategic collaboration, Media City Qatar (MCQ) and Bloomberg Media will host the fourth annual ‘Qatar Economic Forum, Powered by Bloomberg’ (QEF), slated to run from May 14 to 16, 2024. Themed ‘A World Remade: Navigating the Year of Uncertainty,’ the forum is poised to convene […]