Growth

NEWS DESK

Lumi partners with SAP to enhanceHR process and drive company’s strategic growth

News Desk 02/07/2024

Lumi, a leading mobility provider in the Kingdom of Saudi Arabia, has partnered with global technology company, SAP, to enhance the company’s HR processes and procedures through automation, scalability, and data-driven decision-making. The investment in the advanced HR system will provide Saudi

NEWS DESK

MERED Achieves Rapid Growth in Dubai’s Ultra-Luxury Real Estate Sector

News Desk 27/06/2024

MERED, an international real estate developer, is rapidly establishing itself as one of the fastest-growing companies in the Dubai real estate sector. In just one year since its market entry, MERED has swiftly emerged as a leading ultra-luxury player. The award-winning developer has launched and broken ground for its flagship project, the ICONIC Tower, within […]

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TVM Capital Healthcare Announces USD 35 Million Investment into Boston Oncology Arabia

News Desk 26/06/2024

TVM Capital Healthcare, an international healthcare expansion and growth capital firm, today announced a USD 35 million investment in Boston Oncology Arabia, a bio-generic drugs manufacturing company based in the Kingdom of Saudi Arabia. From its headquarters in Riyadh and production facility in Sudair Industrial City, Boston Oncology Arabia provides vital medicines for

NEWS DESK

Centena Group achieves robust growth in fiscal year 2023 with 28% increase in UAE

News Desk 24/06/2024

Centena Group, a UAE-based multinational conglomerate and leading player in the field of science, engineering, education, and technology solutions, reported significant growth rate of 28 per cent in the UAE, underlining its solid presence in the local market, and an impressive 53 per cent in Saudi Arabia. The company also reported 30 per cent growth […]

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Riverbed Launches Riverbed ONE Partner Program

News Desk 24/06/2024

Riverbed, the leader in AI observability, announced today the launch of Riverbed ONE, a new partner program to enable Riverbed partners to succeed in meeting the growing technology needs of customers to support today’s modern IT environments. The Company launched this new program to coincide with the introduction of its new AI-powered Unified Observability platform […]

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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 technology will be further expanded. In 2023, HIMA generated sales of 151.4 million

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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, […]

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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 […]

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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

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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 […]

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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 […]

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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 […]

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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

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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

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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 […]

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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

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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

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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 […]