Business Aviation

AviLease to buy Standard Chartered aviation finance leasing business

Arnold Pinto 29/08/2023

AviLease Aircraft Leasing Company, the Riyadh-headquartered aviation financing and leasing company, has agreed to acquire the global aviation finance and leasing business of Standard Chartered, which includes Dublin-based Pembroke Group, in a transaction worth AED13.24 billion ($3.6 billion).

Finance GCC Saudi Arabia Space

Axiom Space gets AED1.2 billion in a Saudi-led funding round

Arnold Pinto 29/08/2023

Axiom Space, the Houston-based space and aerospace company building the world’s first commercial space station in low-Earth orbit (LEO), has secured AED1.2 billion ($350 million) in its latest funding round. With the latest investment round being led by Riyadh-based AlJazira Capital and Seoul-headquartered Boryung and supported by backers that include deep-tech venture

Health Lifestyle

WHO designates Botswana National HIV Reference Laboratory as its Collaborating Centre of Excellence

Arnold Pinto 29/08/2023

The World Health Organization (WHO) has designated the Botswana National HIV Reference Laboratory in Botswana as a WHO Collaborating Centre of Excellence in recognition of the laboratory’s excellence in the field of HIV diagnosis and the potential of deeper collaboration with WHO in advancing the health and well-being of people living with HIV. According to […]

Finance Business

e& capital grants AED18.4 million to Maxbyte Technologies

Arnold Pinto 28/08/2023

e& capital, an Abu Dhabi-based venture capital company, is leading an AED18.4 million Series A financing round of Maxbyte Technologies, an integrated digital and robotics solutions innovator, to strengthen the company’s market expansion and product development. Headquartered in Coimbatore, India, with an office in Sharjah, UAE, Maxbyte Technologies is an

Tech Business

Mastercard and Qashio in new push to digitise business payments in the MENA region

Arnold Pinto 28/08/2023

Mastercard, a global payments provider, has partnered with Qashio, a UAE-based fintech company, to launch virtual credit cards for SMEs and other businesses in the Middle East and North Africa (MENA) region, beginning with the UAE. The partnership seeks to make expense management cashless, transparent, and flexible for SMEs and other businesses in the MENA […]

Defence & Security

Saab set to showcase JLTV-mounted air defence system at DSEI 2023

Arnold Pinto 28/08/2023

Saab, a leading global defence and space manufacturing company, will showcase its missile-equipped RBS 70 NG Mobile Firing Unit (MFU) integrated with the Swedish company’s ultra-rugged tactical electronics, low-latency video distribution system and Barracuda Mobile Camouflage System (MCS) on an Oshkosh Joint Light Tactical Vehicle (JLTV) at the Defence and Security

Fashion Business GCC Lifestyle UAE

Tom Ford Fashion boutique reopens in the Dubai Mall

Arnold Pinto 28/08/2023

Ermenegildo Zegna Group, the authorised licensee of the Tom Ford Fashion brand, has relaunched the Tom Ford Fashion boutique in Dubai Mall, Dubai City. Reopened in partnership with UAE-headquartered Chalhoub Group, a regional retail luxury goods and jewellery holding, the newly renovated boutique is in Fashion Avenue in the world’s biggest mall and showcases the […]

Business Logistics

DP World confirms AED1.8 billion for mega-container terminal in India

Arnold Pinto 28/08/2023

DP World, a leading global transportation, logistics, supply chain, storage, and technology provider, will invest AED1.8 billion to develop a new mega-container terminal at Tuna-Tekra in Gujarat, India. Dubai-based DP World signed a Build-Operate-Transfer (BOT) agreement to this effect with the Gujarat-headquartered Deendayal Port Authority to develop, operate and maintain

Business Markets

Forex.com forecasts a positive economic outlook for the GCC region in the second half of 2023

Arnold Pinto 28/08/2023

The six GCC countries – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE – are exhibiting a positive economic outlook for the second half of 2023 (H2 2023) thanks to several factors, including oil prices, according to new research conducted by Forex.com. Based in New Jersey, Forex.com is part of New York-based financial services […]

Education GCC Lifestyle Travel UAE

Ajman Tourism and City University Ajman in new pact for community services and institutional experiences

Arnold Pinto 28/08/2023

Ajman Department of Tourism Development (ADTD) has signed a Memorandum of Understanding (MoU) with City University Ajman to establish a partnership that will enhance cooperation, knowledge and expertise exchange in community services and institutional experiences. The MoU was signed in Ajman emirate, UAE, on August 24, 2023, by Mahmood Khaleel Al Hashmi, Director General

Health GCC Lifestyle Space UAE

UAE astronaut conducts a cardiovascular test on the ISS

Arnold Pinto 28/08/2023

UAE astronaut Sultan Al Neyadi has conducted a cardiovascular experiment onboard the International Space Station (ISS) for researchers attached to the Canadian Space Agency (CSA), Simon Fraser University, and The University of North Dakota. The cardiovascular experiment focussed on cardio breath and is a critical analysis of the impact of microgravity on cardiovascular and

Space

Four nations’ astronauts will arrive at the International Space Station today

Arnold Pinto 27/08/2023

A NASA-led international crew of four astronauts is in orbit and headed to the International Space Station (ISS) after a successful launch at 10:37 am (Gulf Standard Time) on August 26, 2023, from Launch Complex 39A at NASA’s Kennedy Space Centre in Florida. This is NASA’s seventh commercial crew rotation mission to the ISS and […]

Home Lifestyle Shopping

Chattels & More 25-75% off sale ends on September 2, 2023

Arnold Pinto 27/08/2023

Chattels & More, the retail furniture brand of Dubai-based Easa Saleh Al Gurg Group, urges home and interior shopping enthusiasts across the UAE not to miss out on the final days of its mega in-store sale. Under the umbrella of the Dubai Summer Surprises (DSS) festival that began on June 29 and ends on September […]

Events

Family Development Foundation launches new community initiatives in Al Ain

Arnold Pinto 27/08/2023

The Family Development Foundation (FDF) of Abu Dhabi emirate in the UAE has launched a series of community forums, programmes, and cultural events with the Jebel Hafeet Community Centre in Al Ain, Abu Dhabi, as part of the Foundation’s community development outreach. The new initiatives seek to support all members of society in Abu Dhabi […]

Entertainment Lifestyle Movies

Do you want to watch 100 films that celebrate Warner Bros. Studios’ centennial? Fly Emirates this September

Arnold Pinto 27/08/2023

Emirates, the Dubai government-owned carrier, is celebrating the 100th anniversary of Warner Bros. Studios with the launch of a unique collection of the Studio’s iconic 100 films onboard its passenger flights from September 1, 2023. Emirates will be the first commercial airline to feature Warner Bros.’s unique collection of 100 centenary movies on ice – […]

Sustainability Automotive GCC Lifestyle UAE

TVS Motor hopes its new e-scooter will galvanise India’s electric transport push

Arnold Pinto 26/08/2023

TVS Motor Company, a global manufacturer of two- and three-wheelers, has launched its premium TVS X electric scooter that offers users several personalisation possibilities. The world premiere of the TVS X was held near the base of the Burj Khalifa in Dubai City on August 23, 2023. Designed, developed, and made in India, the TVS […]

Markets Business

More power to the Global South as 5 MEA countries will join the BRICS bloc

Arnold Pinto 26/08/2023

A record five Middle East and Africa (MEA) countries will formally join BRICS – the bloc of five major emerging economies – from January 1, 2024. The five MEA nations are Iran, Saudi Arabia, Egypt, Ethiopia, and the United Arab Emirates (UAE). BRICS currently comprises Brazil, Russia, India, China, and South Africa. South Africa joined the group in 2010, […]

Business Automotive GCC Oman

Lynk & Co launches its first showroom in Oman and unveils the 09 luxury SUV too

Arnold Pinto 26/08/2023

Lynk & Co, a premium global automotive brand jointly owned by Geely and Volvo Cars, has unveiled its first showroom in Oman in partnership with Towell Auto Centre. Opened under the onus of a new business entity known as Mobility Auto – a new subsidiary of Muscat-headquartered Towell Auto Centre – the inaugural Lynk & […]

Events Aviation GCC UAE

Sharjah Airport makes young travellers happy with 2023 Back-to-School campaign

Arnold Pinto 26/08/2023

Sharjah International Airport has officially concluded its 2023 summer events programme by formally welcoming returning UAE-based students and their families at the airport. As part of its 2023 Back-to-School passenger-focussed initiative, Sharjah Airport Authority – the airport operator – it was sought to elevate the travel experience for young students and

Education GCC UAE

International Schools Partnership acquires The English College, Dubai

Arnold Pinto 26/08/2023

International Schools Partnership (ISP), a UK-based international private schools investment group, has acquired The English College, Dubai, an independent British curriculum school in Dubai, UAE. The acquisition makes The English College, Dubai, the third private school in the UAE to join the ISP group in the past year, fulfilling the group’s mandate of expanding its […]