Real Estate

PNC Investments LLC (Sobha Realty) secures ‘BB-‘ issuer credit rating from S&P Global Ratings with positive outlook; ‘Ba3’ from Moody’s with stable outlook

News Desk 05/07/2023

July 05, 2023: PNC Investments LLC (Sobha Realty), a renowned residential developer in Dubai, received a ‘BB-‘ issuer credit rating by S&P Global Ratings with a positive outlook, along with a ‘Ba3’ rating by Moody’s with a stable outlook. This dual credit rating demonstrates the

Business

HIMA records exceptional growth of incoming orders in 2022 with 12 per cent being from Middle East

News Desk 05/07/2023

July 5, 2023: The HIMA Group, a safety related automation solutions provider, recorded exceptional growth of incoming orders in 2022, witnessing an 18 per cent increase in incoming orders. The company expects further growth in 2023 through digitalization, internationalization, and expansion of partnerships. Jorg de la Motte, CEO of HIMA Group said: “The HIMA Group

Tech

A New Era in Mobility: Adopting Advanced Technologies and Customer Centricity

News Desk 05/07/2023

The automotive industry is witnessing an unprecedented transformation, with advanced technologies seizing the reins and catapulting the sector into uncharted territories toward an eco-friendlier future driven by sustainable transportation solutions. Amid this whirlwind of change, a new era in mobility is unfolding, propelled by artificial intelligence and

Business

SHUAA Capital Announces Sale of Prime Business Bay Land to Danube Properties for AED 190 Million

News Desk 05/07/2023

United Arab Emirates, 5 July 2023: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, announced that it has arranged, on behalf of its subsidiaries and other investors, the sale of a prime plot of land in Business Bay, Dubai to Danube Properties for a total sale price […]

Business

QNET commemorates its 25th anniversary milestone with a limited edition Bernhard H. Mayer watch

Middle East News 247 05/07/2023

Dubai, United Arab Emirates — Bernhard H. Mayer, QNET’s Swiss luxury brand, proudly celebrates 25 years of QNET with a unique, limited edition timepiece. The QNET 25th anniversary Collection is a timeless tribute to the company’s remarkable journey from its humble beginnings. This exclusive timepiece is meticulously crafted with precision and elegance; the watch

Business

Continental Investments LMD and Finance House Solidify Partnership

News Desk 05/07/2023

Abu Dhabi, UAE, 05 July 2023: A remarkable business collaboration is set to intensify between two leading entities, Continental Investments, a prominent branch of Egypt’s top-tier real estate developer, LMD Sabbour Group and Finance House, the UAE’s premier corporate financial services provider. Building on a successful alliance established in 2017, the partnership’s

Business

BEAT THE HEAT RESPONSIBLY WITH LG THINQ: SMART LIVING FOR A GREENER WORLD

Middle East News 247 05/07/2023

Dubai, United Arab Emirates — With the summer heat now a full blast on us, many of us will be spending most of our time indoors. However, leaving the air conditioning off can result in a warm and toasty room, while keeping it running all day is not environmentally responsible. LG Electronics (LG) offers a […]

Tech

Zoom brings together in-office and remote employees with the launch of Intelligent Director for Zoom Rooms

News Desk 05/07/2023

Dubai, UAE, July 05, 2023 — Today Zoom Video Communications, Inc. (NASDAQ: ZM) announced the launch of the award-winning Intelligent Director for Zoom Rooms. For hybrid meetings with a Zoom Room, Intelligent Director uses AI and multiple cameras to provide the best image and angle of participants in the room so remote participants can see […]

Food & Beverage

A New Pinseria- Piazza is Now Open in Your Favorite Neighborhood -JLT

News Desk 05/07/2023

Dubai, UAE- July 5, 2023–  Guess what, pinsa lovers? We’ve got some mouth watering news for you! Piazza, a new Pinseria is now open in Cluster F of Jumeirah Lakes Towers (JLT). And is kicking things off with a bang! For a limited time, you can grab a Pinsa Slice starting at only AED 9 […]

Business

Private equity firm Berkeley Assets highlights key financial insights for the Middle East

News Desk 05/07/2023

DUBAI, July 2023: Berkeley Assets, a British private equity firm with over 15 years of experience, has revealed the latest financial insights for the Middle East’s investment sector.  Preservation and capital protection, diversification of investments into private markets and the digital transformation of businesses remain the three key trends driving financial growth

Tech

Simly Revolutionizes Mobile Connectivity with its Pioneering Travel eSIM Platform

News Desk 05/07/2023

DUBAI, UAE. July 5th, 2023 – Simly, the leading travel eSIM platform, continues to reshape mobile connectivity for travelers and businesses. As the MENA market leader, Simly’s travel eSIM platform has reached the app store top chart in 50+ countries and already revolutionized the way users stay connected, making it more accessible, affordable, and

Business GCC UAE

A.P. Moller – Maersk strengthens its Logistics & Services in UAE with a new Cold Store facility at Dubai Industrial City

News Desk 05/07/2023

Dubai, 5 July 2023: A.P. Moller – Maersk (Maersk), the global integrated logistics company, has opened the doors to its third Warehousing & Distribution (W&D) facility in Dubai, UAE, which is also its first Cold Store in the country. Situated at Dubai Industrial City, a member of TECOM Group PJSC, Maersk’s Cold Store is strategically […]

Business

BKN301 elevates MENA’s fintech scene: Opens new office in Cairo

News Desk 05/07/2023

July 05, 2023 BKN301, one of the leading payment and Banking-as-a-Service providers in the MENA region, expanded its operations into Egypt with a new office in Cairo aimed at transforming the country’s financial markets. The new office has been launched to present the company’s advanced banking and digital payments solutions to the country. The latest […]

Tech

du, taking actions to become a Net Zero Telecom service provider

News Desk 04/07/2023

Dubai, UAE, July 04, 2023: du, from Emirates Integrated Telecommunications Company (EITC), a leading ICT service provider in the United Arab Emirates (UAE), has launched a project to upgrade 300 DG (diesel generator) sites in the remote communities of the UAE as part of its ongoing efforts to achieve its objective of becoming a Net […]

Hospitality

Beat the heat this summer with unrivalled offers at Radisson Hotels

News Desk 04/07/2023

As the region heats up for the summer season, residents and tourists are on the hunt for opportunities to escape the scorching inner city temperatures in favour of relaxation and destinations with world-class service. Radisson Hotels in the UAE, is entering the sizzling summer months with a range of attractive packages, that are perfect for […]

Tech

Why HONOR 90 Lite is the best smartphone under 1000 AED

News Desk 04/07/2023

In the ever-evolving world of smartphones, consumers are constantly on the lookout for devices that excel in key areas such as camera quality, display performance, and storage capacity. As consumers seek devices that not only facilitate seamless connectivity, but also provide exceptional experiences. The latest member of HONOR’s N Series, the HONOR 90 Lite is […]

Business

Tally MSME Honours Recognise Extraordinary Achievements of Businesses, Entrepreneurs and Professionals

News Desk 04/07/2023

Dubai, UAE, 4 July 2023: The role of small and medium enterprises (SMEs) in the growth of UAE’s economy is significant. With SMEs and MSMEs constituting more than 94 percent of all businesses in the UAE, they form a significant portion of the workforce, accounting for 86 percent, and contribute over 60 percent to the […]

Hospitality GCC UAE

Embrace July with unbeatable deals at Novotel Dubai Al Barsha

News Desk 04/07/2023

Dubai, United Arab Emirates, July 2023 – Novotel Dubai Al Barsha presents a range of enticing offers for guests to enjoy throughout July. Located in the vibrant heart of Dubai, this hotel is the ultimate destination for both travellers and locals seeking a home away from home. Experience an unforgettable stay at Novotel Dubai Al […]

Sport

Whatmore excited for Montreal Tigers in Global T20 Canada

Aman Kumar 04/07/2023

Brampton: Renowned coach Dav Whatmore has expressed his excitement to have a bunch of “incredibly talented players” in the Montreal Tigers squad as they gear up for the Global T20 Canada. The Tigers are among six teams participating the event which will be held from July 20 in Ontario. The squad comprises some of the […]

Business

WSO2 Launches Startup Program to ‘Accelerate Journeys to Success’ for App Entrepreneurs

News Desk 04/07/2023

Dubai, United Arab Emirates – July, 2023 – WSO2, the leader in digital transformation technology, announced WSO2 for Startups, a bold program for empowering new app-building businesses across the world, including those in the Middle East and Africa, to accelerate their journeys to success. Targeted at early-stage startups building mobile or web apps for consumers,