Growth

NEWS DESK

HIMA Group increases sales by 20 percent

News Desk 20/06/2024

The HIMA Group, a family-owned company and leading provider of safety-related automation solutions, has concluded the most successful financial year in the company’s history with the 2023 fiscal year. The global presence and solution portfolio for the process industry and railway

NEWS DESK

YesWeHack Raises 26 Million Euros to Accelerate Its Growth and International Expansion

News Desk 11/06/2024

YesWeHack, the global Bug Bounty and vulnerability management platform, announces a €26 million Series C funding round. In a world where cyber risks are more strategic and complex than ever, YesWeHack will use this funding to invest in Artificial Intelligence, launch new innovative solutions and expand its international growth. The round is led by Wendel, […]

NEWS DESK

Bosch registers growth in the Middle East amidst market challenges

News Desk 05/06/2024

Bosch, a leading global supplier of technology and services, ended its 2023 fiscal year with 490 million euros, which corresponds to 1.95 billion AED, in consolidated sales in the Middle East, registering an increase of 3 percent in euros and 6 percent in AED. The company met its sales expectations despite the challenges faced in […]

NEWS DESK

Bybit Report Reveals Explosive Growth in Institutional Memecoin Investments and Strategic Retail Trends

News Desk 05/06/2024

Bybit, one of the world’s top three crypto exchanges by volume, has released a new report: “Beyond the Hype: The Realities of Institutional Memecoin Investments.” This analysis illuminates institutional and retail involvement in the memecoin market, providing insights for investors and newcomers. The full report is now available, offering a deep dive into Bybit’s data

NEWS DESK

Digital transformation is key to enhancing economic and social growth in Arab World

News Desk 05/06/2024

The seminar ‘Smart Cities in the Arab World and Digital Transformation’ shed light on the numerous significant advancements currently witnessed by the Arab World. All of these developments are critical to the advancement of social and economic growth as well as have brought a significant change in the daily lives of citizens. Hosted by the […]

NEWS DESK

DEWA leads in the UAE in sustainability perceptions and brand value growth

News Desk 04/06/2024

Brand Finance, the leading international brand valuation consultancy, has revealed that Dubai Electricity and Water Authority (DEWA) is recognised to have the strongest commitment to environmental sustainability of any UAE brand. Brand Finance’s report also indicates that in the utility sector, DEWA is the most valuable utility brand in the UAE, and second in the […]

NEWS DESK

BWHSM HOTELS PRIORITIZES GROWTH IN THE MIDDLE EAST

News Desk 04/06/2024

BWHHotels (BWH) announces plans for significant growth of its portfolio in the Middle East in 2024 and beyond. On the heels of a successful appearance at the Arabian Travel Market in Dubai, which saw BWH execute signings of brand-new management deals in Saudi Arabia, BWH will soon bring eight new hotels and one new branded […]

NEWS DESK

Ministry of Economy: Cooperative revenue hits AED 7.5 billion in 2022, marking 7% growth

News Desk 04/06/2024

 The Ministry of Economy released a comprehensive report detailing the exceptional financial and operational performance of the UAE’s cooperative sector for 2022, underscoring its vital role in strengthening national economic growth and enhancing competitiveness. The report revealed that total cooperative revenues surged to AED 7.5 billion in 2022, marking a 7 per

NEWS DESK

Genetec expands global presence with new R&D hubs and Experience Centers to support rapid growth

News Desk 04/06/2024

Genetec Inc. (“Genetec”), a leading technology provider of unified security, public safety, operations, and business intelligence solutions, announced the opening of several new R&D hubs, Experience Centers, and the expansion of several offices around the world. New R&D hubs Underscoring its commitment to innovation, Genetec is expanding its global footprint with

NEWS DESK

Haier Europe adopts Orange Business Evolution Platform

News Desk 04/06/2024

Haier Europe, part of Haier Smart Home – number one company globally in major appliances with brands such as Candy, Hoover and Haier – has chosen Orange Business connectivity and IoT services to help innovate its sustainable solutions, while optimizing resource consumption and extending the life of products. As part of its drive to establish […]

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Google Cloud Celebrates One Year Anniversary of Doha Cloud Region with Inaugural Summit

News Desk 29/05/2024

Today, Google Cloud proudly celebrated the one-year anniversary of its launch of the Doha Google Cloud region with the inaugural Google Cloud Doha Summit. Under the esteemed patronage of His Excellency Mr. Mohammed bin Ali Al Mannai, Minister of Communications and Information Technology, the event marked a year of remarkable progress, innovation, and collaboration in […]

NEWS DESK

Panasonic Announces FY24 Business Strategy For Sustained Growth in Middle East and Africa

News Desk 29/05/2024

Panasonic Marketing Middle East & Africa (PMMAF) today revealed that it is all geared up for another year of exceptional growth and expansion, building on an impressive business performance in 2023.  The company unveiled its action plan for the new fiscal year highlighting targeted investments to expand market presence through strategic partnerships, product

NEWS DESK

The Digital Cooperation Organization launches “EconomiX” magazine

News Desk 27/05/2024

The Digital Cooperation Organization (DCO), a global multilateral organization committed to enabling digital prosperity for all by accelerating the sustainable and inclusive growth of the digital economy, announced the launch of EconomiX magazine, a publication offering insights from international digital economy thought leaders into ways nations and organizations can

NEWS DESK

After a Momentous 2023, Headlined by a 19% increase in ARR

News Desk 27/05/2024

Percona, a leader in enterprise-grade, open source database software, support, and services, has entered 2024 fresh off a year marked by sustained customer growth, multiple prestigious award wins, and innovative product enhancements. The company’s impressive 2023 has further solidified its standing as a go-to provider of open source database solutions and support

NEWS DESK

Etihad Credit Insurance records 21-fold growth in gross exposure

News Desk 22/05/2024

Etihad Credit Insurance (ECI), the UAE Federal export credit company, has unveiled its remarkable growth trajectory in its latest annual report for the year 2023. With a gross exposure of AED 9.6 billion by the end of 2023, ECI has experienced a staggering 21-fold increase compared to 2019. This was announced during a media briefing […]

NEWS DESK

Bybit Reaches 30 Million Registered Users, Marking Explosive Growth and Industry Leadership into Web3

News Desk 22/05/2024

Bybit, one of the world’s top three crypto exchanges by trading volume, today celebrates a monumental milestone: surpassing 30 million registered users globally. This remarkable achievement comes alongside a period of exceptional growth, solidifying Bybit as a frontrunner in the blockchain industry. Market Share Soars, User Trust Flourishes Bybit’s market

NEWS DESK

AstraZeneca sets ambition to deliver $80 billion Total Revenue by 2030 and sustained growth post 2030

News Desk 21/05/2024

Today AstraZeneca revealed its bold ambition to deliver $80 billion in Total Revenue by 2030, up from $45.8 billion in 2023. This will be achieved through significant growth in its existing oncology, biopharmaceuticals and rare disease portfolio, and by launching an expected 20 new medicines before the end of the decade. To drive sustained growth […]

NEWS DESK

Faisal Algain appointed Head of Growth and Client Engagement for dentsu Saudi Arabia

News Desk 20/05/2024

dentsu KSA has appointed Faisal Algain as Head of Growth and Client Engagement. Reporting to dentsu Saudi Arabia’s Managing Director, Ahmad Haidar, Faisal will spearhead growth initiatives and foster collaboration across service lines to identify new market opportunities in the Kingdom in this newly created role. Strengthening dentsu Saudi Arabia’s local senior leadership

NEWS DESK

Consumer confidence in UAE banking rises to 90%

News Desk 15/05/2024

H.E. Abdulaziz Al-Ghurair, Chairman of UAE Banks Federation (UBF), the sole representative and unified voice of the UAE banks, said that the increase in consumer confidence in the UAE banking sector from 84% in 2022 to 90% in 2023 reflects its continuous development, as customer trust is an important pillar in banking and finance. He […]

NEWS DESK

UAE’s resilient construction sector poised for growth momentum with high-value pipeline of USD590 billion in 2024

News Desk 14/05/2024

Despite ongoing global challenges such as persistent inflation, elevated interest rates, and geopolitical tensions, the total pipeline value of unawarded construction projects in the Middle East and North Africa (MENA) is set to reach USD3.9 trillion, with the UAE holding a significant share at 15%, according to JLL’s latest UAE Construction Market Intelligence Report.