Global

Automotive

Audi unveils new unified nomenclature

Arnold Pinto 04/02/2025 0

For global model identification Audi is set to standardise its vehicle nomenclature, providing customers with a more intuitive and transparent system worldwide. The German automotive giant has announced that in the future, its alphanumeric model names will reflect the size and positioning of

Travel

Global tourism surpasses pre-pandemic levels in 2024

Arnold Pinto 28/01/2025 0

Arrivals soar to 1.4 billion International tourism achieved a major milestone in 2024, with global arrivals soaring to 1.4 billion, marking a near-complete recovery from the devastating impacts of the Covid-19 pandemic. The surge in traveller numbers represents a 99% return to pre-pandemic levels, with an 11% increase over 2023, equating to 140 million more […]

NEWS DESK

Global Stage Set in Riyadh as Ministry of Sports Leads World Stadiums and Arenas Summit

News Desk 1 26/01/2025 0

With the support of the Ministry of Sport, the World Stadiums and Arenas Summit will be held at the Mandarin Al Faisaliah on April 29-30, 2025, the only dedicated summit hosted by the Government of KSA focusing on the development of stadiums and arenas in the Kingdom. This landmark summit will catalyze the Kingdom’s ambitious […]

Health

WHO unveils $1.5 billion appeal

Arnold Pinto 17/01/2025 0

To address global health crises A convergence of conflict, climate upheaval, epidemics, and mass displacement has compounded the severity of a global health catastrophe, with a staggering 305 million individuals urgently requiring humanitarian aid this year. In a decisive response to this unprecedented crisis, the World Health Organization (WHO) has launched a $1.5 billion

NEWS DESK

Global lighting designers at THINKLIGHT champion the role of light

News Desk 1 16/01/2025 0

Light plays a pivotal role in an urban environment, meeting the diverse needs of a population through thoughtful design and strategic implementation. By illuminating public spaces, streets and landmarks, light enhances safety and accessibility making cities easier to navigate and welcoming for all residents. Yesterday at the THINKLIGHT conference at Light + Intelligent

Events

Conflict, environment and disinformation lead global threats in 2025

Arnold Pinto 16/01/2025 0

WEF: Global Risks Report 2025 The newly released 20th edition of the World Economic Forum’s Global Risks Report paints a bleak picture of the global landscape for 2025 and beyond, highlighting an increasingly fragmented world where geopolitical, environmental, societal and technological challenges threaten stability and progress. State-based armed conflict emerges as the

Business Markets

WEF: Global labour market is poised for a significant change

Arnold Pinto 10/01/2025 0

Mainly driven by tech advancements The latest edition of the Future of Jobs Report, released by the World Economic Forum (WEF), shows that the global labour market is poised for significant change. By 2030, 22% of jobs are expected to undergo disruption, with a net gain of 78 million roles set to emerge from the […]

Aviation Travel

IATA urges overhaul of slot regulations

Arnold Pinto 29/12/2024 0

Amid global airport capacity crisis The International Air Transport Association (IATA) has warned that a growing airport capacity crisis threatens freedom of travel and global economies. The association’s latest report, published in a white paper, calls for urgent changes to airport slot regulations to incentivise airports to maximise capacity from existing infrastructure.

Business Markets

Digital ID verification spend to exceed $26bn globally by 2029

Arnold Pinto 06/12/2024 0

Growing from $15.2bn in 2024 A new study has found that spend on digital identity verification checks will grow by 74% from $15.2 billion in 2024. This substantial growth will be attributable to new solutions that aim to reduce the friction of these checks. Juniper Research’s study identified the rising usage of behavioural biometrics as […]

Business Cybersecurity

Study: IoT cybersecurity market is set to reach $60 billion globally by 2029

Arnold Pinto 03/12/2024 0

As potential for cyber-attacks escalates The global Internet of Things (IoT) cybersecurity market will experience dramatic growth over the next five years, reaching $60 billion by 2029, up from $27 billion in 2024. This represents a substantial 120% increase in cybersecurity investment, driven by enterprises’ rapid expansion of IoT devices. According to a new study

NEWS DESK

Following a year of elections held worldwide, Allianz launches global “Power of Unity” program

News Desk 1 19/11/2024 0

Following a year where more than 70 nations – home to nearly half the world’s people – have been called to the polls, Allianz today announced a multidisciplinary program, “Power of Unity,” to counter the erosion of trust in societal institutions and strengthen confidence in a better economic future. The program is founded not only on publicly observable

NEWS DESK

Visa Flexible Credential Goes Global: Transforming the Card for a Digital Future

News Desk 1 12/11/2024 0

For years, the card didn’t change. Built for an analog world, one card for one type, debit or credit. The Visa Flexible Credential has fundamentally changed that, allowing people to pay from different account funding sources with a single card. Today, Visa (V: NYSE) announced that the Flexible Credential is expanding to the U.S. and […]

Health

WHO appeals for $87 million to combat mpox outbreak

Dan Ngiam 28/08/2024 0

From September 2024 to February 2025 The World Health Organization (WHO) has issued an urgent appeal for financial support following the declaration of a global emergency concerning the mpox outbreak. The WHO has called for $87.4 million over the next six months—from September 2024 to February 2025—to boost its efforts in halting and containing the […]

Events

Global news media collaborate for World News Day 2024

Arnold Pinto 13/08/2024 0

Under the theme of ‘Choose Truth’ More than 500 premier news organisations worldwide—including Middle East News 247—are participating in World News Day 2024, a global campaign to amplify the power and impact of fact-based journalism. Commemorated on September 28, 2024, under the theme of ‘Choose Truth’, the forthcoming event is set to become a cornerstone […]

NEWS DESK

Vertiv Issues 2023 Responsible Business Report

News Desk 2 07/06/2024

Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today released its 2023 Responsible Business Report, which details progress in focus areas, and introduces the company’s “One Vertiv, One World” plan for advancing the principles of environmental stewardship, fostering a safe, inclusive, and engaged workplace, and conducting

Business

Global Adoption Of Smart POS Set To Rise Exponentially

Arnold Pinto 03/04/2024 0

POS Terminal Transactions To Hit $17 Trillion In 2024 A new study conducted by Juniper Research, a leading authority in fintech markets, has projected that the global value of POS (Point-of-Sale) terminal transactions will soar to $17 trillion by the end of 2024, with an anticipated growth of 25% leading up to 2028. This substantial […]

Markets Tech

Extreme Networks looms large, on enterprise network market

Arnold Pinto 15/03/2024 0

Company’s Fabric solution records 5,000+ deployments globally Extreme Networks, a global leader in cloud networking, has solidified its leadership position in 2024 with more than 5,000 successful customer deployments worldwide of its acclaimed end-to-end Fabric solution, which elevates network security and drives positive outcomes. This achievement underscores the

GCC NEWS DESK UAE

Asteco 2023 Q4 Report: UAE Real Estate Market Surges Amid Global Uncertainties

News Desk 1 07/02/2024

According to the Asteco 2023 Q4 real estate report, the UAE market witnessed unprecedented growth during 2023 despite the various global challenges. The report anticipates continued positive trajectory over 2024. Key strategic initiatives, including the UAE Tourism Strategy 2031 and ‘We the UAE 2031,’ are expected to fortify the UAE’s standing as one of