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News

Stay informed with MENews247‘s News coverage. Your primary source for breaking news, comprehensive analyses, and in-depth reporting from across the Middle East.

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.

Entertainment GCC Lifestyle UAE

#IIFAYASISLANDABUDHABI2023

21st February 2023, Mumbai: Following the huge success of IIFA 2022, the International Indian Film Academy and Awards (IIFA) Weekend and Awards returns to Yas Island, Abu Dhabi, on 26th and 27th May 2023 will be staged at the world-class Etihad Arena, the Middle East’s largest state-of-the-art indoor entertainment. IIFA today is recognised not just as a
Business

Newly Established “Access to Healthcare Board” Will Transform Access to Healthcare in the Middle East and Africa

DUBAI, United Arab Emirates — Ambitious and passionate healthcare experts from the Middle East and Africa region have formed an advocacy board that will transform access to healthcare through innovative, consistent, sustainable, and customized solutions. The “Access to Healthcare Board” comprises key government, regulatory, private, and societal stakeholders seeking
Real Estate

Wave of optimism within the construction sector

Dubai, United Arab Emirates; February 21, 2023 – Supported by the UAE’s strong development agenda, Projects of the 50 initiative, as well as the subsequent focus on industrial, transportation, and energy infrastructure aiming to attract nearly $150 billion in foreign direct investment by 2030, the country’s construction sector is expected to thrive at an encouraging […]
Business

Al Tayer Motors Opens First Ford Trucks 3S Facility

Dubai, February 21, 2023 – Al Tayer Motors, the UAE’s official Ford Trucks importer-dealer, opened the first 3S – Sales, Service, and Spare Parts – facility for the brand at Dubai Investments Park, in the heart of the city’s transport and logistics hub. The 2700 square meter facility exclusively dedicated to Ford Trucks includes a […]
Business

Savoye signs a contract with New East General Trading

February 21, 2023: Savoye, a leading global warehouse automation integrator and software publisher in the Middle East, signed a contract with New East General Trading L.L.C., a leading automotive parts distributor in the region, to provide the company’s Dubai Distribution Centre with automated solutions. Savoye will automate New East’s distribution centre by integrating
Tech

Dragos releases 6th edition of annual ICS/OT Cybersecurity Year

Dubai, United Arab Emirates – February 21, 2023 – In 2022, breakthrough evolution in the development of malware targeting industrial control systems (ICS), scaled ransomware attacks against manufacturing, and geopolitical tensions brought increased attention to the industrial cyber threat landscape, according to the 2022 Dragos ICS/OT Cybersecurity Year in Review. “As in
Business GCC UAE

UAE Banks Federation signs MoU with the Azerbaijan Banks Association to enhance cooperation

Abu Dhabi, United Arab Emirates; 20 February 2023 UAE Banks Federation, the representative and unified voice of banks in the UAE signed a Memorandum of Understanding (MoU) with the Azerbaijan Banks Association, the umbrella organisation of banks and financial institutions in the Republic of Azerbaijan, on 15th February to enhance cooperation and exchange of experiences
Business

Telford Offshore Announces Completion of Sales Process and Acquisition by Merced Capital

DUBAI, United Arab Emirates — The Telford Offshore group (“Telford Offshore” or “the Company”) announced today that it has been acquired by entities affiliated with Merced Capital. The acquisition represents the completion of the previously announced competitive sales process (the “Sales Process”). Telford Offshore is now wholly owned by Merced Capital. As part of the […]
Business

Pentavirate Launches $100m Luxembourg Sukuk, Rated A-

Seattle, United States — Pentavirate, a Seattle-based global investment firm, announces the issuance of a 5-year U.S. dollar denominated Sukuk of $100 million, backed by U.S. commercial real estate. The investment has received an institutional rating of (A-) from EuroRating and is being reviewed by Amanie Advisors to secure the Islamic Fatwa. “Pentavirate’s debut
Entertainment Lifestyle

Doha Film Institute

Berlin, Germany/Doha, Qatar; February 20, 2023: The Doha Film Institute announced today on the sidelines of the 2023 Berlin International Film Festival the confirmed Qumra 2023 Masters of the annual industry incubator event crucial to the success of first and second-time filmmakers from the Arab world and beyond. This year, multi Academy Award® and BAFTA […]
Business

Eshraq Investments reports annual profit

Abu Dhabi, UAE; 20 February 2023: Eshraq Investments PJSC (“Eshraq” or “Company”), listed on the Abu Dhabi Securities Exchange (“ADX”), announced its audited financial results for the full year 2022. The Company reported a net profit of AED 589.79 million in 2022 as compared to a net profit of AED 38.43 million for 2021. Shareholder […]
Real Estate

Samana Developers Launches AED 320 million Mykonos

(DUBAI): Following the announcement of 12 new real estate projects, Samana Developers, the Dubai-based trendsetter real estate company, today launched first two projects – AED 320 million Santorini and Mykonos luxury residential projects in Dubai Studio City. The design and name inspiration of the new projects reflects the popular two islands in Greece –