Banking Business UAE

Comera Pay Obtains UAE Central Bank In-Principle Approval

News Desk 2 28/05/2024 0

In Boost To Regional Fintech Sector Comera Financial Holding, headquartered in Abu Dhabi, United Arab Emirates (UAE), has achieved a significant milestone with its fintech subsidiary, Comera Pay. The latter has secured an In-Principle Approval from the Central Bank of the UAE to operate under

Saudi Arabia Space

Saudi Arabia Establishes Neo Space Group

Arnold Pinto 28/05/2024 0

Targeting Satellite And Space Industries Saudi Arabia’s Public Investment Fund (PIF) sovereign wealth fund has announced the establishment of Neo Space Group (NSG), a wholly-owned subsidiary poised to elevate Saudi Arabia’s presence in the satellite and space sector. NSG will serve as a national champion, driving the advancement of commercial satellite operations

Aviation Business

SIA Group Soars High With Record Profit Of $2.67 Billion

Arnold Pinto 28/05/2024 0

8 Months Bonus For Carrier’s Staff The Singapore Airlines (SIA) Group has reported its highest-ever full-year net profit of $2.67 billion for the fiscal year 2023-2024, marking a significant milestone in its history. The remarkable performance comes amidst robust demand for air travel, driving record passenger revenue and load factors. The financial results, released by

Sustainability UAE

Dubai Bans Single-Use Bags From June 1, 2024

Arnold Pinto 28/05/2024 0

With Certain Exemptions Made Commencing on June 1, 2024, all businesses in Dubai emirate will be prohibited from selling single-use bags that are 57 micrometres thick or less. This measure, though challenging, is a significant stride towards preserving the environment and reducing plastic waste while enhancing businesses’ reputations as environmentally responsible

Aviation

Boeing Enhances Its Safety Measures

Arnold Pinto 27/05/2024 0

New Annual Report Highlights Progress Boeing has unveiled its third annual safety report, underscoring the aerospace giant’s ongoing commitment to bolstering product safety and fostering a safety culture within and across the aviation industry. The report showcases a series of initiatives aimed at enhancing safety protocols and addressing recommendations by

Events Watches

A Triumph Of Timekeeping Excellence And Unity

Arnold Pinto 27/05/2024 0

That Was Watches And Wonders Geneva 2024 Watches and Wonders Geneva 2024 has left a legacy of broken records, lifted spirits, and industry optimism soaring to new heights. The premier event on the global high-end watchmaking calendar witnessed an uptick in exhibitors, visitors, and ticket sales. It symbolised a collective commitment within the watchmaking fraternity […]

Automotive Sport Sustainability

Formula E Breaks Ground With SAF In Shanghai Race

Arnold Pinto 27/05/2024 0

In Collaboration With DHL In a historic move towards sustainability, Formula E, in collaboration with DHL, its official founding and logistics partner, has ushered in a new era by leveraging Sustainable Aviation Fuel (SAF) to transport teams’ and championship freight from Berlin to the 2024 Shanghai E-Prix. The Shanghai E-Prix is a race in the […]

Business Events

Singapore Hosts World Cities Summit 2024

Dan Ngiam 27/05/2024 0

Focus On Future Liveable Cities The World Cities Summit (WCS) 2024 will commence its ninth edition from June 2-4, 2024, at the Suntec Singapore Convention and Exhibition Centre. Established as a biennial gathering in Singapore, the Summit serves as a focal point for global government leaders, industry giants, intellectuals, and academics to exchange insights and […]

Banking Finance GCC UAE

How To Choose The Best Business Bank In UAE

News Desk 2 26/05/2024 0

Getting It Right Is A Game-Changer Choosing the right banking partner in the United Arab Emirates (UAE) is a fundamental decision that can significantly impact financial management and a business’s overall performance. Considered the commercial hub of the Middle East, where entrepreneurship thrives amid innovation and economic growth, the UAE has arguably one of the

Health

Heart Attack Dominates Middle East Life Insurance Claims

News Desk 2 26/05/2024 0

According to New Zurich Study Zurich International Life has unveiled the findings of its Customer Claims Paid Report 2024, highlighting the prevailing trends in life and critical illness insurance claims across the Middle East region. Over the past three years, Zurich International Life, a division of Zurich Insurance Group, has disbursed AED772.8 million ($210 million)

Arts & Culture Entertainment Music

What’s On AT The Hive’s Theatre Festival 2024

News Desk 2 26/05/2024 0

Month-Long Extravaganza For Children The Hive’s Theatre Festival 2024 promises to captivate audiences with a vibrant celebration of creativity and imagination in Dubai City. As the largest children’s festival in the Middle East, this month-long extravaganza, organised by The Hive, showcases the talents of young performers and invites families to immerse

Tech UAE

e& UAE Achieves The World’s Fastest 5G Speed

Arnold Pinto 26/05/2024 0

Reaching A Blistering 30.5Gbps e& UAE has set a new world record for the fastest recorded speed on its live 5G network, reaching an astonishing 30.5Gbps. This historic achievement was revealed during a demonstration at the SAMENA Leaders’ Summit 2024 in Dubai on May 13, 2024. Leading regional and global telecom players attended the annual […]

Business Interviews UAE

Shahdadpuri: TASC Is Proud To Support UAE’s Emiratisation Drive

Arnold Pinto 26/05/2024 0

Firm Is Investing In AI Tech TASC Outsourcing is a leading firm providing comprehensive HR solutions in the United Arab Emirates (UAE). Founded in 2007 and headquartered in Dubai, the company specialises in recruitment, staffing, and outsourcing services, catering to various industries, including IT, healthcare, finance, and more. With a focus on client satisfaction and

Aviation Saudi Arabia

Saudia Group Orders 105 Airbus A320neo Aircraft

Arnold Pinto 25/05/2024 0

To Meet Rising Passenger Demand Saudia Group, represented by Saudia and Flyadeal, has ordered 105 Airbus A320neo aircraft. The order, confirmed at the Future Aviation Forum in Riyadh, signifies a significant stride in the Arabian Gulf state’s pursuit of aviation goals. The undisclosed amount order encompasses 12 A320neo and 93 A321neo aircraft, catapulting Saudia

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

Tech

Unravelling The Promise And Potential Of AI

Dan Ngiam 25/05/2024 0

And A Deep Dive Into Generative AI In the ever-evolving world of technology, few innovations have sparked fascination and reshaped industries as profoundly as Artificial Intelligence (AI). At its heart, AI is a diverse range of computational techniques that strive to mimic human intelligence. This enables machines to learn from data, identify patterns, and make […]

Corporate Cybersecurity Interviews

Swiss GRC Brings Advanced GRC Solutions To The Middle East

Arnold Pinto 24/05/2024 0

Including Customised Digital Asset Swiss GRC, the Lucerne, Switzerland-headquartered Governance, Risk, and Compliance (GRC) specialist, made a significant stride in its global expansion by hosting its inaugural ‘GCC CRC Day 2024’ conference in Dubai City on May 22, 2024. The exclusive event attracted over 100 GRC professionals from the Middle East, indicating the

Business

NVIDIA Posts Record First Quarter Fiscal 2025 Results

Arnold Pinto 24/05/2024 0

Data Centre Revenue Tops $22.6 Billion NVIDIA Corporation has announced its financial results for the first quarter of fiscal 2025, sending waves through the market with record-breaking figures. The period ending April 28, 2024, saw the US-based tech giant achieve unprecedented milestones, underscored by a remarkable quarterly revenue of $26.0 billion, marking an 18% surge

Tech

BotGuard OÜ Showcases Advanced Web Traffic Security At GISEC 2024

News Desk 2 24/05/2024 0

Hosting Providers Need Application Load Balancer BotGuard OÜ, a specialist in web traffic security solutions based in Tallinn, Estonia, was a key exhibitor at GISEC Global 2024 in Dubai. This underscored the company’s commitment to empowering web hosting providers globally to combat ad fraud and bot-related threats. Since its establishment in 2019, BotGuard has been

Automotive Business UAE

Al Ghurair Motors Is TAM-Europe’s Commercial EV Dealer In UAE

Arnold Pinto 24/05/2024 0

Dealership Pact Signed At EVIS 2024 Al Ghurair Motors, a Dubai, UAE-based automotive dealer, has been appointed as the sole distributor in the UAE of TAM-Europe, a Maribor, Slovenia-headquartered commercial vehicle manufacturer of EVs (electric vehicles). This follows a Memorandum of Understanding (MoU) signed by the two entities at the Electric Vehicle Innovation Summit