Real Estate Business

Strong growth of GCC economies fuels global real estate investments

News Desk 09/01/2023

Dubai, January 9, 2023: With economies in the Gulf Cooperation Council (GCC) expected to be relative global outperformers in 2022 and 2023, regional investors’ appetite for global real estate investment opportunities is likely to grow, according to JLL’s latest ‘The Resurgence of Outbound

Business

PowerSchool Accelerates International Expansion with Plans to Open First Middle East & Africa Office

Middle East News 247 09/01/2023

FOLSOM, Calif. — PowerSchool (NYSE: PWSC), the leading provider of cloud-based software for K-12 education in North America, announced its accelerated international expansion plans to open its first Middle East & Africa (MEA) Office in Dubai, United Arab Emirates (UAE). The UAE office will serve PowerSchool’s extensive and growing customer base in the MEA

Business

Beyond Technology partners with Infinera to successfully deploy multi-terabit network to support bandwidth demand during FIFA World Cup 2022

News Desk 09/01/2023

January 9, 2023 – Dubai, UAE – Beyond Technology, a global player in technology transformation, and Infinera successfully deployed a 3.6 Terabit network for a leading Middle East network operator to support the upsurge in global and local demand for the 2022 FIFA World Cup. Leveraging Infinera’s industry leading ICE6 800G technology and installed in record […]

NEWS DESK Business

Artificial Intelligence (AI) to drive growth for healthcare sector in the UAE says Al Tamimi Investments

News Desk 06/01/2023

Dubai, UAE, 6 January 2023: The global healthcare industry is expected to grow by $563.59 billion during 2023-2027, accelerating at a CAGR of 25.8% during the forecast period. Healthcare market opportunities, especially new hospital projects in the Middle East and Africa region are also set to grow to $68.8 billion in the coming year. “The […]

Business

Chinese-Arab Relations in Ten Remarkable Projects

Middle East News 247 05/01/2023

DUBAI, United Arab Emirates — Documented in ten dynamic five-minute episodes, “Bridges of Love” features projects in both the UAE and the KSA. The series starts with the cultural and natural revival of Al Ula governorate in the KSA and concludes with the Mohamed Bin Rashid al Maktoum solar park in Dubai. Featuring prominent Emirati’s […]

Business

Iristel Furthers Global Expansion with Service Introduction in Kenya

Middle East News 247 05/01/2023

MARKHAM, Ontario — Iristel, a global telecommunications service provider, announced today its expansion into Kenya. This expansion provides Iristel a presence in Africa, as it looks to expand its wide range of communications solutions to new emerging markets. Company CEO Samer Bishay @SBishayIRIS states: “Today is an exciting day as we are pleased to bring […]

Business GCC UAE

Sporty and Dynamic: GAC MOTOR EMPOW Sedan Launches in UAE

Middle East News 247 05/01/2023

GUANGZHOU, China — On December 21, 2022, GAC MOTOR UAE hosted the brand’s first official launch ceremony for the EMPOW, a unique, sporty sedan that represents a bold new era for the Chinese auto maker. Setting on an ambitious path to build a world-class brand, GAC MOTOR has been continuously rolling out proven performers equipped […]

Business

Hevolution Foundation Appoints William Greene, MD as Chief Investment Officer

Middle East News 247 05/01/2023

RIYADH, Saudi Arabia — Hevolution Foundation, a non-profit organization that provides grants and early-stage investments to incentivize research and entrepreneurship in healthspan science, has appointed William Greene, MD, as Chief Investment Officer (CIO). As CIO, Dr Greene will oversee all aspects of Hevolution Foundation’s investment strategy, planning, analysis,

Business GCC UAE

Al Ansari Exchange and Dubai Insurance partner to facilitate subscription to the Involuntary Loss of Employment Insurance Scheme

News Desk 05/01/2023

UAE, Dubai – 05 January 2023: Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, signed a strategic partnership with Dubai Insurance, the leader and administrator of the insurance pool, to facilitate the collection of the Involuntary Loss of Employment Insurance Scheme (ILOE) subscriptions. Through this partnership, Al Ansari

Business

Republic of Guinea Unveils New Country Branding with Nimba as National Symbol of Plenty and Good Tidings

Middle East News 247 05/01/2023

Conakry, Republic of Guinea — In an iconoclastic makeover, the Republic of Guinea unveiled a new country brand identity to showcase a new perspective of the nation to the world as the `source’ of great beginnings for West Africa, symbolized by the Nimba, the most loved Goddess, icon of good tidings. The country’s brand identity […]

Business

International Vertical Marathon Runs Safely with Hytera PoC Devices

Middle East News 247 05/01/2023

SHENZHEN, China — Hytera Communications (SZSE: 002583), a leading global manufacturer of professional communications technologies and solutions, provided Push-to-talk over Cellular (PoC) devices for the organizer staff, medical, and support teams during the 2022 Ping An Finance Center (PAFC) International Vertical Marathon Master. The PoC devices kept all the

Business GCC Tech UAE

Abu Dhabi Islamic Bank Awarded For Excellence In Digital Adoption By Blockchain-Powered E-Marketplace TradeAssets

News Editor 04/01/2023

Recently, TradeAssets presented the e-Marketplace Champion Award to the Abu Dhabi Islamic Bank. The award was for its great use of digital technology. TradeAssets is a blockchain technology e-Marketplace for trade finance. Together with ADIB, it was one of the first organizations to use blockchain technology to make trade finance distribution deals happen last year.  […]

Business

REM People Raises US$12M Investment from Ethos

Middle East News 247 04/01/2023

DUBAI — USA-based project finance and investment company Ethos Asset Management has announced a new partnership with REM People through a US$ 12 million investment. REM People will use these funds to expand their international network to 24 offices and to reward employees with bonuses, with the eventual goal of sharing 10% of company shares […]

Business

Hytera to Commence 30th Anniversary with First Round of New Product Releases in 2023

Middle East News 247 04/01/2023

SHENZHEN, China — Hytera Communications (SZSE: 002583), a leading global provider of professional communications technologies and solutions, today announced the commencement of its 30th anniversary with the first round of new products launching in 2023. Two new models from the Digital Mobile Radio (DMR) and Body Worn Camera product lines will be

Business

Nasma Luxury Stays predicts higher investments in Dubai’s luxury residential sector in 2023

News Desk 04/01/2023

Dubai, UAE, 4 January 2023: Nasma Luxury Stays, a division of Al Tamimi Investments and a specialist in vacation rentals, forecasts accelerated growth in luxury home investments in Dubai in 2023 in light of stronger global interest in the market. Nasma expects considerable investments in Dubai’s high-end residential sector as unit prices are seen to […]

Business

Xrp Classic Promotes Eco-friendly Regenerative Finance Using Blockchain

Middle East News 247 04/01/2023

DUBAI — Created as a carbon-free, eco-friendly regenerative finance (ReFi) blockchain, Xrp Classic has completed its Fair Launch in December 2022. Xrp Classic was successfully listed on Coinsbit within 48 hours of the launch, and then on P2PB2B cryptocurrency exchange platform in the days that followed. Combining both positive and negative externalities while protecting

Business

B2BinPay Updates Pricing, Website, Merchant Models, Adds Tokens

Middle East News 247 04/01/2023

DUBAI, United Arab Emirates — B2BinPay, a premier crypto payment processing service provider, has introduced an upgrade to the commission structure, website, Enterprise, and Merchant models, as well as the solution itself. The company has also modified its fees and prices, making it much more affordable for businesses to use B2BinPay’s services.

Business

Hytera Releases White Paper of Communication Technologies for Security Options

Middle East News 247 04/01/2023

SHENZHEN, China — Hytera Communications (SZSE: 002583), a leading global provider of professional communications technologies and solutions, releases a new white paper – Harness Advanced Push-to-talk to Transform Physical Security Operations. In this white paper, Hytera lists the key trends of the physical security transformation and explains how convergent

Business Tech

vivo unveils Y22s and Y35 new with upgraded battery performance and immersive view

News Desk 04/01/2023

Dubai, 4 January 2022 – vivo is poised to shake up the budget smartphone segment with the launch of two smartphones among its Y series, the Y22s and Y35. The new arrivals will stand apart for their exceptional battery life and striking design, but also bring a host of other class-leading features including improved HD […]

Business

Hikma and Celltrion Healthcare sign new exclusive licensing agreement for Vegzelma® for the Middle East and North Africa region

Middle East News 247 03/01/2023

London, United Kingdom — Hikma Pharmaceuticals PLC (Hikma), the multinational pharmaceutical company, announces a new exclusive licensing agreement with Celltrion Healthcare Co., Ltd, a global biopharmaceutical company, for Vegzelma® (CT-P16, bevacizumab). Under the terms of the agreement, Celltrion Healthcare will be responsible for the development,