Business

Business UAE

UAE businesses are prioritising AI adoption

News Desk 2 29/12/2024 0

According to ServiceNow research According to a new AI Maturity Index Report by ServiceNow, in collaboration with Oxford Economics, businesses in the United Arab Emirates (UAE) are making significant strides toward AI adoption. The report reveals a widespread commitment to artificial

Business Education

78% of business schools integrate AI into their curricula

Arnold Pinto 11/12/2024 0

Per the latest GMAC report A new Graduate Management Admission Council (GMAC) report reveals that 78% of business schools have incorporated Artificial Intelligence (AI) into their curricula or learning experiences. The study highlights the growing importance of AI in education as business schools worldwide seek to prepare students for a rapidly changing business

Business Events

RAKIS set to unveil Ras Al Khaimah investment opportunities

News Desk 2 07/12/2024 0

From December 10-11, 2024 The Ras Al Khaimah Investment and Business Summit (RAKIS) is just a few days away. Scheduled for December 10-11, 2024, at the Al Hamra International Exhibition & Conference Centre, the event brings together global business leaders, investors, and policymakers. The summit aims to explore new opportunities for investment and trade in […]

Finance

KYC/KYB spend to hit $22bn globally by 2029

Arnold Pinto 02/12/2024 0

From $9.2bn in 2024 A new study from Juniper Research reveals that non-financial businesses’ global spend on Know Your Customer (KYC) and Know Your Business (KYB) systems will surge by 140% over the next five years. From an estimated $9.2 billion in 2024, this figure is projected to climb to $22 billion by 2029. This […]

NEWS DESK

Take a Bold Step into the Future of AI-Driven Business

News Desk 1 28/11/2024 0

As the dawn of AI revolutionizes industries globally, the IDC Middle East CIO Summit 2025 is set to return on February 19–20 at the Grand Hyatt Dubai with a transformative new vision: ‘Architecting an AI-Fueled Business’. This prestigious summit, now in its 18th edition, will focus on the extraordinary potential of AI and its power to reshape […]

Banking Interviews

iGTB solutions power wholesale banking clients’ digital transformation

Arnold Pinto 29/10/2024 0

Platform handles $40 trillion of global liquidity The Middle East’s rapidly evolving financial landscape presents challenges and significant opportunities for the region’s leading banks. These banks must also contend with integrating next-gen digital transformation and artificial intelligence (AI) as necessary in their day-to-day operations. Focusing on

NEWS DESK

CEOs Say They Are Ready to Lead Beyond Business

News Desk 1 01/10/2024

Egon Zehnder, the world’s preeminent executive search and leadership advisory firm, today released the results of its latest Global CEO Survey at the Berlin Global Dialogue, which is taking place under the theme “Building Common Ground.” The survey, which polled more than 470 CEOs from around the world, highlights the unprecedented changes business

Business

Dubai ranks among the top 10 cities for business networking

Arnold Pinto 19/09/2024 0

With London topping the list Dubai has secured a spot in the top 10 cities worldwide for business networking, according to a new study by Loopex Digital. The research evaluated various factors, including business events, co-working spaces, internet speed, and cost of living, placing Dubai as a notable contender in the global networking arena. The […]

NEWS DESK

Kinaxis Provides Business Update

News Desk 1 17/09/2024

Kinaxis Inc.® (TSX:KXS) a global leader in end-to-end supply chain orchestration, is today providing an update on its business. The company today announces that Robert Courteau has been named Executive Chair of Kinaxis, effective immediately, and will serve in this role until a permanent CEO is in place. Kinaxis previously announced that John Sicard will be […]

Automotive

Nissan’s ‘Arc’ business plan aims to boost global sales

Arnold Pinto 14/09/2024 0

With big push on electrification Nissan Motor Corporation has launched ‘The Arc,’ a forward-looking business plan designed to drive value and bolster the company’s global competitiveness. Made public in Yokohama, Japan, this new strategy aims to bridge the gap between Nissan’s recent transformation efforts and its long-term vision outlined in Ambition 2030. The plan

Banking

Neo banking can transform the fintech sector

News Desk 2 17/07/2024 0

Including significantly lowering operational costs In the wake of a post-pandemic era marked by accelerating digital financial solutions, the potential of neo-banking to revolutionise the banking landscape is exciting and inspiring. Neo-banking, characterised by digital-only operations without physical branches, represents a pivotal shift towards a cashless society driven

Automotive UAE

Dubai races to set up the world’s largest car market

Arnold Pinto 06/07/2024 0

DP World to operate the mega project DP World, a global leader in end-to-end supply chain logistics, will establish and operate the new Dubai Car Market. It is set to be the world’s largest and most advanced car trade facility, offering various commercial services, logistical support, and financial solutions tailored to the international automotive sector. […]

NEWS DESK

The New B2Core v13 and iOS v1.23 Updates Elevate Business Efficiency and User Experience

News Desk 2 19/06/2024

B2Core, a renowned advanced CRM solution provider, has presented another update to its back-office management CRM, including the iOS mobile application. The newly updated suite focuses on customer convenience and allows brokerages to make the most of their businesses. The new B2Core v13 is a milestone in the company’s CRM solution development. It offers a

Business Finance

Global business evolves amidst AI and IT resurgence

News Desk 1 04/03/2024 0

Asian semiconductor companies playing a pivotal role In the ever-changing landscape of Artificial Intelligence (AI) and Information Technology (IT), investors are finding solace as the uptrend in risk assets, notably stocks, broadens globally across various regions and sectors. While concerns of German ‘deindustrialisation’ loom, recent shifts in the energy

NEWS DESK

‘Brands of India’ to generate business

News Desk 1 30/11/2023

The Clothing Manufacturers Association of India (CMAI) marked a historic milestone in the global retail market with the triumphant conclusion of ‘Brands of India’ which showcased 350+ top Indian clothing brands at Dubai World Trade Centre from November 27 to 29, 2023.  In its inaugural edition, Brands of India emerged as a beacon of success, […]

NEWS DESK

Hikma delivers strong H1 performance and raises Generics guidance Growth in all three businesses and across all geographies

Middle East News 247 03/08/2023

Hikma Pharmaceuticals PLC and its subsidiaries (‘Hikma’ or ‘Group’), the multinational pharmaceutical company, report its interim results for the six months ended 30 June 2023. During the first half of 2023, core group revenue grew 18% to $1.427 billion (compared to H1 2022: $1.213 billion), driven by a strong performance in all three businesses. Core […]

Business Aviation GCC UAE

Dubai Aerospace Enterprise (DAE) H1 2023 revenue up 15%

Arnold Pinto 03/08/2023 0

Dubai Aerospace Enterprise (DAE) has reported that its revenue has increased by 15%; while profit before tax increased by 13% for the six months ended June 30, 2023. The Dubai headquartered aviation services corporation disclosed its latest financial results on August 2, 2023. Firoz Tarapore, CEO of DAE, said: “Our first half 2023 results demonstrate the […]

Aviation

DC Aviation Al-Futtaim conducts 60-month check of Bombardier aircraft

Arnold Pinto 02/08/2023 0

DC Aviation Al-Futtaim (DCAF) – the business aviation services partnership between Dubai-based Al-Futtaim Group and Stuttgart-based DC Aviation Group – has completed its first 60-month heavy maintenance check of a Bombardier Global 6000 aircraft. The privately owned aircraft underwent its first heavy maintenance check at DCAF’s hangar located at Dubai’s Al

Business

Perú Moda Deco 2023 opens its doors to promote a more sustainable industry

Middle East News 247 28/07/2023

Perú Moda Deco celebrates its 25th anniversary with a special edition on October 19 and 20, 2023, titled In harmony with the world. Since its launch, Peru’s leading apparel and decoration business event has served as an exceptional platform to showcase to the world the best exports of this Peruvian industry, including cotton and alpaca clothing, […]

Business

Admiral signs Middle East-South Asia distribution pacts, unveils new products’ range

Arnold Pinto 26/06/2023

Iconic American brand on tracks for global appliances' rollout