Automotive Markets

Geely Holding sells 256,556 vehicles globally in May 2024

Arnold Pinto 06/07/2024 0

EVs ramp up the demand Geely Holding (Zhejiang Geely Holding Group) has registered robust global sales figures for May 2024, underscoring a significant uptick in demand across its diverse automotive portfolio. Aggregate sales for the month soared to 256,556 vehicles, marking a notable 22.2%

Markets

Saxo Bank warns of fragile global economic growth in Q3 2024

News Desk 2 04/07/2024 0

Middle East also factored in Saxo Bank has released its latest outlook for Q3 2024, which paints a cautious picture of the global economy amidst what the Danish bank terms a ‘sandcastle economy’. Despite robust growth in sectors such as defence, AI, and pharmaceuticals, Saxo’s strategy team highlights significant vulnerabilities that could threaten the stability […]

Markets

WGC report: Gold rises by 12% year-to-date

Arnold Pinto 04/07/2024 0

Central banks play a key role In the tumultuous landscape of global finance, gold has performed remarkably well in 2024, rising by 12% year-to-date and outperforming other major asset classes.  According to the newly released Gold Mid-Year Outlook 2024 report issued by the London, UK-headquartered World Gold Council (WGC), the precious metal has surged, defying […]

Automotive Markets Saudi Arabia

Saudi Arabia-Backed US Luxury EV Maker Opens Retail Outlet In Dubai City

Arnold Pinto 01/06/2024 0

As Lucid Motors Targets Regional Expansion Lucid Motors – the US-based maker of advanced EVs (electric vehicles) – has stepped up its retail presence in the Middle East region by launching Lucid Studio, its bespoke retail outlet at the luxury lifestyle-centric enclave of City Walk in Dubai City. Lucid Studio is a versatile control platform […]

Markets Oil & Gas

ADNOC Acquires 10% Stake In Mozambique’s LNG Development

Arnold Pinto 25/05/2024 0

Area 4 Concession Features Significant Projects Abu Dhabi National Oil Company (ADNOC) has made its first-ever LNG investment in Mozambique. The acquisition involves a 10% equity stake in the Area 4 concession within Mozambique’s Rovuma basin from Portuguese multinational energy corporation Galp. The investment diversifies Abu Dhabi-based ADNOC’s portfolio and

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

Logistics Markets

DP World Invests €130 Million In Romania

News Desk 2 17/05/2024 0

3 Logistics Sites Set To Go Online DP World unveiled three maritime logistics sites across Romania on May 15, 2024, ushering in a new era of economic prosperity and connectivity. Located in Constanta, the Black Sea’s most prized jewel and the region’s largest container port, DP World’s recent investments are set to transform maritime logistics. […]

Banking Markets

Investors Concerned Over Prevailing Market Uncertainty

Arnold Pinto 12/05/2024 0

Saxo Bank Client Survey Reveals Saxo Bank has unveiled the results of its latest client survey, shedding light on investor sentiments and expectations concerning the financial markets for the second quarter of 2024. Despite the unpredictability of the global financial market, investors’ responses echo concerns over prevailing market uncertainty. The Client Sentiment

Aviation Markets

Indigo Orders 30 Airbus A350-900 Aircraft

News Desk 2 11/05/2024 0

In Keeping With Long-Haul Ambitions In a significant move to increase its international presence, IndiGo, India’s largest airline, has finalised a firm order for 30 Airbus A350-900 aircraft. This strategic acquisition underscores IndiGo’s determination to expand its global footprint. It presents a significant opportunity to enhance its operational efficiency

Automotive Business Markets

Al Ghurair Motors Wins 3 Exeed Awards In China

Arnold Pinto 06/05/2024 0

UAE dealer leadership team pays exclusive visit to China Al Ghurair Motors, the exclusive UAE dealer of Exeed – the premium Chinese auto brand – proudly clinched three prestigious dealer awards at the 2024 Exeed International Dealer Annual Conference held in Wuhu, Anhui Province, China. Al Ghurair Motors, the automotive division of Dubai-based Al Ghurair […]

Markets

Dubai Is The Sole Middle Eastern City In GPCI 2023 Top 10 List

Arnold Pinto 06/05/2024 0

Emirate Rises From 11th To 8th Position Dubai has become the first Middle Eastern city to feature in the top 10 list of the world’s 48 major cities, according to the Global Power City Index (GPCI) 2023 report. Issued by the Mori Memorial Foundation’s Institute for Urban Strategies, established by Mori Building, Tokyo’s leading urban […]

Automotive Markets

India’s EV Sales Projected To Rise 66% In 2024

Arnold Pinto 14/04/2024 0

Country’s Sales Nearly Doubled In 2023 India witnessed nearly doubling electric vehicle (EV) sales in 2023, propelled by high fuel prices, heightened consumer interest, governmental initiatives, infrastructural advancements, and growing environmental concerns. According to Counterpoint Research, a leading global research firm, projections for 2024 indicate a staggering 66%

Banking Markets

Saxo Tracks Market Dynamics Amid Election Fever

News Desk 1 04/04/2024 0

Bank Unveils Its Q2 2024 Quarterly Outlook Saxo, a leading global financial institution, has released its Quarterly Outlook for Q2 2024. It offers valuable insights for investors seeking to navigate evolving market dynamics amid pivotal elections in several countries and shifting economic landscapes. With crucial elections shaping discussions worldwide, Saxo’s

Markets Saudi Arabia

Informatica Sets Up AI-Powered IDMC Asset In Saudi Arabia

Arnold Pinto 03/04/2024 0

Move Aligns With Saudi Vision 2030 Objectives Informatica, a global leader in enterprise cloud data management, has unveiled its AI-powered Intelligent Data Management Cloud (IDMC) platform in the Arabian Gulf nation. The launch, announced on April 2, 2024, includes establishing a new Point of Delivery (PoD) in Riyadh. The initiative, which reflects the California-based

Markets

Spanish Ceramic Tile Industry Confronts Challenges With Innovation

Arnold Pinto 27/03/2024 0

Sector Targets Resilience Amidst Adversity The Spanish ceramic tile industry faced significant challenges in 2023. This was underscored by a contraction in international demand influenced by increasingly assertive global competitors, unprecedented geopolitics, high energy costs, costly decarbonisation initiatives, inflation, and persistently high interest rates. However,

Blockchain & Cryptocurrency Markets

Global crypto markets amassed $37.6 billion in 2023

News Desk 1 15/03/2024 0

UAE crypto investors gained $200 million The global crypto markets experienced a robust resurgence in 2023, witnessing a substantial recovery from the tumult of the previous year. According to Chainalysis, a leading blockchain data company, the global crypto investor community amassed total gains of $37.6 billion during the year, marking a significant rebound from the […]

Markets Tech

Extreme Networks looms large, on enterprise network market

Arnold Pinto 15/03/2024 0

Company’s Fabric solution records 5,000+ deployments globally Extreme Networks, a global leader in cloud networking, has solidified its leadership position in 2024 with more than 5,000 successful customer deployments worldwide of its acclaimed end-to-end Fabric solution, which elevates network security and drives positive outcomes. This achievement underscores the

Business Markets UAE

World Gold Council opens regional office in Dubai

News Desk 1 08/03/2024 0

The move aims to facilitate gold trade in the Middle East The World Gold Council (WGC), headquartered in London, UK, has opened a new office in Dubai, serving as its regional headquarters for the Middle East region. The office is in the Dubai Multi Commodities Centre (DMCC) free zone in Dubai City, one of the […]

Automotive Markets

Genesis unveils luxury automotive advertising spectacle

News Desk 1 06/03/2024 0

‘Signature Event’ is the auto brand’s latest marketing campaign The automotive brand Genesis has lifted the curtain on its latest marketing extravaganza – the ‘Signature Event’ campaign. This initiative represents an extension of the successful ‘Luxe is in the Details’ creative approach launched in 2023. The campaign accentuates the unique features

Business Markets

World Economic Forum: Global cooperation has weakened from 2020

Arnold Pinto 10/01/2024 0

Business and government leaders urged to practise ‘coopetition’ Global cooperation was resilient in multiple dimensions from 2012 until 2020, but overall cooperation declined by 2% from 2020 to 2022, according to the World Economic Forum’s newly released Global Cooperation Barometer. The latest Global Cooperation Barometer employs 42 indicators to measure five pillars