Business

RISING OIL AND GAS PRICES FUEL ECONOMIC GROWTH

News Desk 13/02/2023

2022 was undoubtedly a year of slumps in stock markets, and projections for 2023 remain cautious as inflation and geopolitical tension continue to affect global economy. One market, however, seems to be benefiting from the turmoil, defying the general downward trend with steady price hikes: the

Business

Humaid bin Rashid International Award for Sustainability announces the names of the scientific committee in its second edition

Middle East News 247 13/02/2023

Ajman, United Arab Emirates — Hamid bin Rashid International Award for Sustainability has recently revealed the members of the scientific committee for the second edition of the award, which includes a number of experts, academics, and specialists in the field of the environment from various countries, including the United Kingdom, United States of America, Canada, […]

Business GCC UAE

Sharjah Finance Department honours 36 winners in the fifth round of the Financial Performance Excellence Award

Middle East News 247 10/02/2023

Sharjah, United Arab Emirates — His Excellency Sheikh Mohammed bin Saud Al Qasimi, Chairman of Sharjah Finance Department (SFD), witnessed the honouring ceremony for the winners of the fifth round of the distinguished Financial Performance Excellence Award, organized by the SFD to promote a culture of excellence in government financial performance. The awards follow the

Business

Ducab Group enhances its footprint in India

News Desk 10/02/2023

Bengaluru, India – 10 February 2023 – Ducab Group, one of the biggest end-to-end solutions providers and manufacturing firms in the United Arab Emirates, is enhancing its footprint in India, turning the subcontinent into a new home market in Bengaluru, which opened on February 9. Ducab’s first office in India and southeast Asia, will further […]

Business

Independent Cloud Computing Leader Vultr Adds NVIDIA A16 to its A40, A100, and Fractional GPU Offerings

Middle East News 247 10/02/2023

WEST PALM BEACH, Fla. — Vultr, the world’s largest privately-held cloud computing company, today announced Cloud GPU availability of the NVIDIA A16, the premier graphics processing unit (GPU) for virtual desktop infrastructure (VDI). The NVIDIA A16 is purpose-built for high-density, graphics-rich VDI, delivering a user experience nearly indistinguishable from a

Business GCC UAE

DigiLens Inc. CEO Chris Pickett to Speak at World Government Summit in Dubai

Middle East News 247 10/02/2023

SUNNYVALE, Calif. — DigiLens Inc., a global leader in head-worn holographic smartglasses and waveguide technology, is honored to announce that CEO Chris Pickett has been invited by the Government of Dubai to speak at this year’s World Government Summit, held from February 13 to 15, on the power of virtual societies to solve the world’s greatest […]

Business

OAG Launches Flight Status Alerts, An All-New View of Immediate Flight Changes

Middle East News 247 10/02/2023

LONDON — OAG, the world’s leading provider of travel data and insight, today announced the launch of its new Flight Status Alerts, which delivers an all-new view of immediate flight changes. Flight Status Alerts directly integrates into OAG’s Flight Info Platform, which already provides a continuous stream of flight schedule changes. Flight Status Data

Business

DIFC Announces Enactment of New DIFC Family Arrangements Regulations

News Desk 10/02/2023

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has enacted the DIFC Family Arrangements Regulations, following a 30-day public consultation period. The new regulations provide a firm foundation for the new DIFC Family Wealth Centre. The new regulations offer a framework and hub […]

Business

The IKEA Foundation Commits €10 Million to Provide Emergency Assistance in Türkiye and Northern Syria

Middle East News 247 09/02/2023

LEIDEN, The Netherlands: The donation will go to Médecins Sans Frontières’ (MSF) emergency fund to provide life saving care where medical needs are the greatest. This will support the delivery of essential aid, including medical assistance, psychological support and healthcare services to those most impacted by the devastating earthquake. The IKEA Foundation is also

Business

Juma Al Majid Est records exceptional 42% growth

News Desk 09/02/2023

UAE, 09 February 2023: Juma Al Majid Est., the exclusive distributor for Hyundai and Genesis in the UAE, has continuously strived to present customers with the utmost services and offers across both brands. Over the years, customers have taken advantage of Hyundai and Genesis’ technology features and safety, which have consistently ensured a memorable driving […]

Business

DEWA is the first utility in the world to enrich its services with ChatGPT technology

Middle East News 247 09/02/2023

Dubai, United Arab Emirates: HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) announced that DEWA is working to enrich its services with ChatGPT technology supported by Microsoft. This will make DEWA the first utility globally and the first UAE government entity to use this new technology. This is […]

Business

L’OCCITANE MENA AND CHALHOUB GROUP KICKSTART THEIR FIRST RETAIL-TECH ACCELERATOR PROGRAMME

News Desk 09/02/2023

L’Occitane MENA and Chalhoub Group kickstarted their first retail-tech Accelerator Programme, powered by The Greenhouse, Chalhoub Group’s space for innovation and entrepreneurship. The launch event took place at The Greenhouse in Dubai Design District, where the four selected tech start-ups were revealed. These start-ups will be offered the unique opportunity to work

Business

SingleStore and solutions by stc announce exclusive partnership and reseller agreement

Middle East News 247 08/02/2023

SAN FRANCISCO: SingleStore, the cloud-native database built for speed and scale to power real-time applications, today announced an exclusive partnership and reseller agreement with solutions by stc to bring SingleStore’s digital solutions across the Middle East. solutions by stc is the leading enabler of digital transformation in the Middle East, while SingleStore is

NEWS DESK Business

‘Sukoon’ launches new health insurance plans

News Desk 08/02/2023

Dubai – Feb 8, 2023: Sukoon, formerly Oman Insurance Company, one of the leading insurance providers in the UAE, in continuation of its partnership with Aster DM Healthcare, one of the largest integrated healthcare service providers in the GCC and India, has announced the launch of two new health insurance plans designed to meet the […]

Business

Blue Carbon and Government of Zambia Ink MoU to unlock the potential of carbon removal projects

News Desk 08/02/2023

Dubai, UAE, 8 February 2023: Blue Carbon, a Dubai based company incepted under the vision of Sheikh Ahmed Dalmook Al Maktoum to support carbon removal projects across the world, and the Government of Zambia, represented by the Ministry of Green Economy and Environment have signed a strategic Memorandum of Understanding (MoU) to implement carbon removal […]

Business

Magnom Properties partners with UNICEF to digitally empower Egypt’s young people

News Desk 08/02/2023

Geneva, Switzerland; February 8, 2023: Magnom Properties, the real estate developer of FORBES International Tower, is partnering with UNICEF to support young people’s empowerment in Egypt, bridging the digital divide and providing a wide range of skills development opportunities to young girls and boys. A partnership agreement signed by Maged Marie, CEO of Magnom

Business NEWS DESK

Century Financial introduces a series of initiatives in support of the UAE’s ‘Year of Sustainability’

News Desk 08/02/2023

Century Financial is taking a quantum leap in spearheading and rallying the regional financial sector by taking decisive and effective climate actions to ultimately achieve a net-zero future In line with the recent announcement of President Sheikh Mohamed bin Zayed Al Nahyan on declaring 2023 as the Year of Sustainability, Middle-East-based investment services company

Business GCC Saudi Arabia

Mindware Aligns with Saudi Vision 2030 by Showcasing Multi-digital Technologies at LEAP’ 23

Middle East News 247 07/02/2023

Riyadh, Saudi Arabia: Mindware, a leading Value-Added Distributor in the Saudi market, announced its participation for the second year at LEAP, the global platform for the most disruptive technology professionals, taking place in Riyadh between 6th  – 9th  February. With digital transformation, cybersecurity, connectivity, data management and AI adoption being a

Business

Blue Carbon and the Government of Tanzania join forces

News Desk 07/02/2023

Dodoma, Tanzania; Dubai, UAE, 07 February 2023- Blue Carbon, the UAE-based entity and the Government of Tanzania, through Tanzanian Forest Services Agency under the Ministry of Natural Resources and Tourism, signed a Memorandum of Understanding (MoU) today, marking the start of a collaboration aimed at promoting sustainable forest management practices and reducing

Business

Bridge Medical signs MoU with New Al Farwaniya

News Desk 07/02/2023

Dubai – Feb 07, 2022: Bridge Medical Group Purchasing (BMGP), an innovative and novel Group Purchasing Organisation (GPO) specialized in the healthcare sector, has signed a Memorandum of Understanding (MoU) with New Al Farwaniya, a leading medical supplier and distributor in the UAE.  In line with the agreement, New Al Farwaniya will serve as one […]