Business Finance

EU approves revised regulations to screen foreign investments

Arnold Pinto 09/04/2025

To enhance security The International Trade Committee of the European Parliament has approved new, revised rules for screening foreign investments within the European Union (EU). Approved on April 8, 2025, the updated regulations are designed to protect EU security and public order by expanding

Business

MoneyGram and Mastercard enter partnership

Arnold Pinto 08/04/2025

To enhance digital money movement MoneyGram, a leading financial technology company, has partnered strategically with Mastercard to enhance global financial accessibility by advancing digital money movement. The new partnership promises to deliver faster, more secure, and near-real-time payment solutions to customers worldwide. Through the new alliance, MoneyGram will

Automotive Business

Do you know that Chinese EV brands accounted for 62% of global EV sales in 2024?

Arnold Pinto 07/04/2025

Despite challenges in some regions China has firmly established itself as the dominant force in the global electric vehicle (EV) market, with its manufacturers leading in both domestic sales and worldwide production. In 2024, Chinese EV brands were responsible for an impressive 62% of global EV sales, cementing the country’s position as the undisputed powerhouse […]

Aviation Business

Holland’s PAL-V achieves crucial European aviation certification

Arnold Pinto 07/04/2025

With approval from EASA PAL-V, the pioneering Dutch company behind the world’s first FlyDrive vehicle, has achieved a crucial milestone in its journey toward certification as the European Union Aviation Safety Agency (EASA) has issued the company with a No Technical Objection (NTO) for its innovative Liberty vehicle. This groundbreaking approval marks a major step […]

Automotive Business

Renault Group and Nissan enter major new strategic projects

Arnold Pinto 04/04/2025

To strengthen their alliance The Renault Group and Nissan have unveiled major new strategic projects to improve their longstanding partnership and enhance their respective market positions. The announcement highlights key business initiatives, including a major acquisition by Renault Group and a renewed commitment to the Indian market. It also includes a restructured

Business

Nokia launches Broadband Easy digital platform as demand for fibre connectivity grows

Arnold Pinto 01/04/2025

Streamlining fibre rollouts for operators Nokia has unveiled its new digital platform, Broadband Easy, designed to help operators accelerate and simplify the deployment of fibre networks. This innovative solution provides operators complete visibility and control over the entire fibre rollout process, offering advanced automation and AI-driven tools to optimise project

Business Energy

Karpowership orders 24 dual-fuel engines from MAN Energy Solutions

Arnold Pinto 31/03/2025

Boosting fleet capacity by 500 MW Karpowership, a global energy transition company and the world’s largest operator of floating power plants (powership), has commissioned MAN Energy Solutions to deliver 24 18V51/60DF dual-fuel engines. These engines, each with a capacity of 20.7 MW for power generation, will be deployed aboard several of Karpowership’s vessels, which

Business Sport

IOC and Comcast NBCUniversal forge partnership for the digital era

News Desk 29/03/2025

In boost to Olympic broadcasting The International Olympic Committee (IOC) and Comcast NBCUniversal have signed a new, game-changing partnership that will last over a decade and completely transform fans’ experiences of the Olympic Games. The deal, which has been approved by the IOC Executive Board (EB), signifies the evolution of the long-standing collaboration

Business Defence & Security

Boeing achieves record production of Patriot system seekers

Arnold Pinto 29/03/2025

Expands manufacturing capacity Boeing reached a significant milestone in 2024, with production of its Patriot Advanced Capability-3 (PAC-3) seekers hitting an all-time high. The Seattle-based company delivered over 500 PAC-3 seekers in the past year, marking a notable achievement in developing the advanced technology used by the Patriot air defence system. In early 2025,

Business UAE

Do you know the 7 reasons why Indian millionaires are relocating to Dubai?

News Editor 2 27/03/2025

The prime new business capital In recent years, many Indian millionaires and business tycoons have relocated to Dubai, United Arab Emirates (UAE). This exodus has caught the attention of global financial analysts, who are now considering the UAE city an emerging business hub for the rich and powerful. While Dubai has always been a magnet […]

Business Travel

Emirates unveils a new Crew Zone at its headquarters in Dubai

News Desk 27/03/2025

For the carrier’s cabin crew Emirates has inaugurated a Crew Zone facility at its headquarters in Dubai, now open to its cabin crew. The space offers services and amenities to support the professional and personal well-being of Emirates’ crew members. The Crew Zone is a 24/7 accessible area featuring an open-plan design that can accommodate […]

Aviation Business

Thales opens new avionics MRO facility in Gurugram for Indian airlines

Arnold Pinto 22/03/2025

To support India’s aviation growth Thales has opened its new avionics Maintenance, Repair, and Overhaul (MRO) facility in Gurugram, a bustling city near New Delhi’s Indira Gandhi International Airport. This initiative aligns with India’s ‘Aatmanirbhar Bharat’ or ‘Self-Reliant India’ vision, showcasing Thales’s investment in India’s growing

Business UAE

ClearGrid gets $10m funding to boost AI-powered debt collection in MENA

Arnold Pinto 21/03/2025

To transform MENA debt collection ClearGrid, an AI-powered debt collection platform based in Dubai, UAE, has generated a $10 million funding raise from stealth mode. The company aims to transform the debt collection industry in the Middle East and North Africa (MENA) region, shifting traditional collection methods into a modern, data-driven approach that enhances both […]

Business

Rheinmetall’s consolidated sales rose by a significant 36% in 2024

Arnold Pinto 20/03/2025

Boosted by 50% rise in defence business Rheinmetall, the Düsseldorf-based global leader in defence and technology, posted significant growth across its divisions and record sales and operating results for fiscal year 2024. The company’s consolidated sales surged by 36%, reaching €9.75 billion, driven primarily by a 50% increase in its defence business, which now accounts

Automotive Business Corporate

Troubled carmaker unveils major leadership changes

News Desk 19/03/2025

To drive future growth Nissan has unveiled significant changes to its senior management team. These changes are designed to achieve the company’s short—term and mid-term goals while positioning it for long-term growth. Effective April 1, 2025, the company will implement a reshuffling of leadership roles as part of its efforts to enhance performance and strengthen […]

Business

Nvidia unveils enhancements to RTX neural rendering ahead of GDC 2025

News Desk 17/03/2025

Strategic partnership with Microsoft For the highly anticipated Game Developers Conference (GDC), March 17-22, 2025, Nvidia has revealed several groundbreaking advancements to its RTX neural rendering technologies, set to revolutionise the gaming industry. To expand the capabilities of its AI-powered graphics systems, Nvidia has announced a strategic partnership with

Business Logistics

DP World posts $20.0 billion revenue for 2024

Arnold Pinto 16/03/2025

Big boost from ports and terminals DP World’s revenue increased 9.7% to $20.0 billion, for the year ended December 31, 2024, compared to $18.25 billion in 2023, showcasing a solid performance despite a challenging geopolitical environment, with significant contributions from its ports and terminals and strategic investments boosting its integrated logistics offering.

Business Saudi Arabia

PIF sets up first Saudi-owned duty-free operator

Arnold Pinto 16/03/2025

To boost Saudi travel retail sector Saudi Arabia’s Public Investment Fund (PIF) has established Al Waha Duty-Free Company, marking a significant milestone as the country’s first Saudi-owned duty-free operator. Al Waha, a wholly owned subsidiary of PIF, is set to become a major player in the Middle East’s travel retail sector. It will position itself […]

Business Cybersecurity

Acronis enhances leadership in OT cyber resilience

Arnold Pinto 14/03/2025

With growing OEM partnerships Acronis has reinforced its position as an Operational Technology (OT) cyber resilience leader, boosted by growing momentum in the Original Equipment Manufacturer (OEM) sector. Over the past three years, the cybersecurity and data protection company has seen an 82% increase in OEM integrations and OT deployments, solidifying its reputation as a

Business

Alec achieves 29% YoY growth in 2024

News Desk 13/03/2025

Boosted by subsidiaries and Saudi rollout Alec Engineering and Contracting ( Alec), one of the largest construction firms in the Middle East region, achieved 29% year-on-year (YoY) revenue growth in 2024, driven by strong performance from its subsidiaries and the company’s expansion into Saudi Arabia from neighbouring UAE. This solid growth also coincided with a […]