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From political developments in Riyadh to economic updates in Dubai, cultural events in Beirut, and beyond, get your 24/7 update on the most important stories shaping the region. MENews247.com is your trusted guide to understanding the complexities and dynamism of the Middle East.

Business GCC Saudi Arabia

Saudi Arabia’s AI powerhouse, Mozn announces GCC expansion as it launches into the UAE 

08 May 2023, Dubai, United Arab Emirates – Saudi Arabia’s Mozn, a market leader in enterprise artificial-intelligence technologies, today announced a regional expansion that will take the company into the thriving AI, finance and fintech markets of the United Arab Emirates and the GCC. The announcement came at the Dubai Fintech Summit, held at Madinat […]
NEWS DESK Business GCC Saudi Arabia

Saudi Arabia’s Entrepreneurial Space Boosted By Surge In Ramadan E-Commerce

Saudi Arabia’s Entrepreneurial Space Boosted By Surge In Ramadan E-Commerce: The surge in e-commerce during the holy month of Ramadan presents an ample opportunity for the entrepreneurship environment in Saudi Arabia. Despite the global price hikes and economic instability seen across the world, Saudi citizens were expected to spend more in Ramadan 2023 than they
Real Estate GCC NEWS DESK UAE

Dubai Land Department Introduces QR Code-Based Service to Verify Real Estate Ad Validity

The Real Estate Regulatory Agency and the Dubai Land Department (DLD) released a circular confirming the launch of the new electronic service, Madmoun. As part of DLD’s ongoing efforts to modernize and strengthen real estate governance procedures and boost investor confidence, this service is accessible through the Trakheesi System and is represented by a
Business

Vertiv Inaugurates New Factory in Ras Al Khaimah to Expand its Integrated Modular Solutions Business

Dubai, United Arab Emirates [8 May 2023] – Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, inaugurated an expansion of its factory in Ras Al Khaimah, UAE, to support its integrated modular solutions (IMS), low voltage switchgear and busway businesses. The latest addition will help the company proactively address the […]
Business GCC UAE

EDB and UAE Ministry of Economy Recognize Partners for Successful Credit Guarantee Scheme Supporting mSMEs

Emirates Development Bank (“EDB” or “the Bank”), a key financial engine for the economic development and industrial advancement of the UAE, and the Ministry of Economy today recognised and rewarded all the banking and FinTech partners involved in the Bank’s Credit Guarantee Scheme (CGS). Representatives from EDB’s 10 partner banks gathered at
Tech Business

Emerson and ACS to Showcase Advanced Digital Solutions at Africa Automation Technology Fair

Global automation technology and software leader Emerson (NYSE: EMR), together with Automation Control Solutions (ACS), its local business partner in Africa, will showcase Emerson’s comprehensive automation portfolio for industrial applications at the Africa Automation Technology Fair from May 9 to 11 in Johannesburg, South Africa. In line with the exhibition’s theme ‘For
Business

Hevolution Foundation Geroscience Research Opportunities (HF-GRO) Awards Unveiled, with a Budget of up to $115M Over Five Years

RIYADH, Saudi Arabia: Hevolution Foundation, a non-profit organization that provides grants and early-stage investments to incentivize research and entrepreneurship in healthspan science, is launching a new grants program, “Hevolution Foundation – Geroscience Research Opportunities” (HF-GRO). HF-GRO will provide funding for pre-clinical research in aging biology and
Business

Landmark Retail adopts innovative platform solutions for eCommerce Microservices With Broadleaf Commerce

Broadleaf Commerce has signed up Emax Electronics, part of Middle East retail conglomerate Landmark Retail, as a top client for their ecommerce microservices. After a thorough review, Landmark Retail selected the Broadleaf Commerce platform as a preferred partner for MACH (Microservice-based, API first, Cloud native, and Headless) solution that seamlessly manages the