Growth

NEWS DESK

ACI Worldwide Scamscope Estimates 43% YoY Growth in UAE APP Scam Losses for 2024

News Desk 1 10/12/2024 0

Authorized push payment (APP) scam losses are on the rise, expected to climb to US$7.6 billion by 2028 across six leading real-time payment markets (U.S., U.K., India, Brazil, Australia and UAE), according to the latest Scamscope report from ACI Worldwide (NASDAQ: ACIW), an original

NEWS DESK

Chapman Freeborn announces record growth in passenger services

News Desk 1 09/12/2024 0

Chapman Freeborn, a global leader in private aviation solutions marks a milestone year with over 100% growth in its passenger footprint across the Middle East. A key component of this remarkable increase was an upsurge in demand from corporate travelers, particularly in the UAE and Saudi Arabia. The region’s thriving economy, coupled with the increasing […]

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Archax and XDC Network Form Partnership to Drive Innovation and Growth

News Desk 1 07/12/2024 0

Archax, the UK’s first FCA regulated digital securities exchange, broker and custodian, today announced a new partnership with XDC Network, an enterprise-grade Layer-1 EVM-compatible blockchain. Under the partnership, the two firms will combine the power of a regulated digital asset platform with innovative blockchain solutions to enable financial institutions to

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Dell Technologies and Ras Al Khaimah Economic Zone Collaborate to Drive Innovation and New Growth Opportunities

News Desk 1 05/12/2024 0

Dell Technologies and Ras Al Khaimah Economic Zone (RAKEZ) signed a Memorandum of Understanding (MoU) to provide enhanced security, flexibility, and scalability to the companies in the economic zone’s thriving business ecosystem. The MoU, signed by Walid Yehia, Managing Director – Gulf, Dell Technologies and Alida Helena Scholtz, Chief Financial Officer, RAKEZ seeks

NEWS DESK

Major Developers Powers Ras Al Khaimah’s Ambitious Growth Trajectory

News Desk 1 28/11/2024 0

Ras Al Khaimah’s real estate and tourism sectors are set for remarkable expansion, fuelled by robust international interest and forward-looking projects. The latest report from Al Marjan Island projects a 50-62% population increase by 2030 and a substantial rise in tourism—anticipated to attract over 5.5 million visitors annually by 2030, a transformative leap for the […]

NEWS DESK

Jeep® Continues Growth Trajectory in The Middle East

News Desk 1 27/11/2024 0

Jeep®, one of Stellantis’ most iconic brands, is continuing its impressive growth across the Middle East, with year-to-date (YTD) sales up 10%, largely driven by the success of its flagship models, the Jeep Grand Cherokee and Wrangler. The Jeep Grand Cherokee has reinforced its significant presence in the region, achieving an 8% YTD sales increase […]

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RAMY Motors Celebrates a Milestone Year of Groundbreaking Builds and Growth

News Desk 1 27/11/2024 0

RAMY Motors, the specialized vehicle division of RAMY Automotive, proudly marks its first anniversary with a year of achievements and groundbreaking custom builds that cater to thrill-seekers and automotive enthusiasts alike. Blending expert craftsmanship with a passion for adventure, RAMY Motors has averaged 4-5 custom vehicle sales per month to date, a notable

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Moody’s Acquires Numerated Growth Technologies, Expanding Lending Technology Solutions

News Desk 1 22/11/2024 0

Moody’s Corporation (NYSE:MCO) announced today that it has acquired Numerated Growth Technologies (Numerated), a loan origination platform for financial institutions. The transaction further expands Moody’s Lending Suite capabilities across the credit lifecycle, providing banking customers with a powerful end-to-end loan origination and monitoring solution. The acquisition

NEWS DESK

Hala Commemorates Five Years of Pioneering Success and Exponential Growth in the UAE

News Desk 1 21/11/2024 0

Hala, Dubai’s leading e-hailing taxi service, proudly celebrates five extraordinary years of transforming urban mobility in the UAE. Launched in 2019 as a first-of-its-kind joint venture between Careem and Dubai’s Road and Transport Authority (RTA), Hala has transformed how people move across the city, setting the blueprint for convenience, reliability, and seamless

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UAE Strengthens Position as Key Global Financial Hub, Driving Regional Economic Growth

News Desk 1 20/11/2024 0

As of September 2024, Dubai ranks 16th in the Global Financial Centers Index (GFCI). Since the establishment of the Dubai International Financial Center (DIFC) in 2004, the UAE has distinguished itself as the Middle East’s leading financial hub, offering a premier platform for financial institutions to thrive. UAE’s Economic Agenda D33 aims to make Dubai […]

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Spectro Cloud Closes $75m Series C Led by Growth Equity at Goldman Sachs Alternatives

News Desk 1 20/11/2024 0

Spectro Cloud, a leader in modern multi-cluster Kubernetes management at scale across a variety of deployment environments, including on-premises hardware, single and multi-cloud, and the edge, today announced it has completed a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors.

NEWS DESK

Orient Insurance Reports Strong Q3 2024 Performance with Significant Year-over-Year Growth

News Desk 1 17/11/2024 0

Orient Insurance, the leading insurance provider in the UAE and a subsidiary of Al-Futtaim, today announced strong financial results for the third quarter of 2024, reflecting robust growth across key financial metrics. The company reported an 18.8% increase in insurance revenue, reaching AED 5.5 billion, compared to AED 4.7 billion in Q3 2023. Additionally, net […]

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Paymentology Announces Strategic Partnership with Zand Bank to Accelerate Fintech Growth in the UAE

News Desk 1 13/11/2024 0

Paymentology, the leading global issuer processor, has signed a referral partnership with Zand Bank, the UAE’s first fully licensed, all-digital bank. This collaboration focuses on expanding financial services for fintechs and startups, aiming to accelerate innovation and growth in the UAE.  Since 2022, Zand Bank has empowered UAE and global corporate,

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Erth Real Estate Puts a Spotlight on its Vision for Sustainable Growth on Day 1 of Cityscape Global 2024

News Desk 1 12/11/2024 0

As part of its participation in Cityscape Global 2024 in Riyadh, Erth Real Estate is showcasing its ambitious projects and future vision to develop sustainable communities in line with the the Saudi 20230 Vision ambitions. Held at the Riyadh Exhibition and Convention Center, Malham, Cityscape 2024 brings together major real estate companies and developers to […]

NEWS DESK

Dubai Real Estate Growth Drives Demand for High-Speed, Quality Construction Solutions

News Desk 1 11/11/2024 0

Dubai’s real estate market continues to experience robust growth, with 20,000 new housing units expected to be delivered in the second half of 2024. In the first half of the year, real estate transactions reached AED346 billion ($94.2 billion), marking a 23% increase compared to the previous year. This activity attracted 50,000 new investors, underscoring […]

NEWS DESK

UAE Real Estate Poised for Potential Growth as Trump’s Return Influences Global Investment Trends

News Desk 1 11/11/2024 0

The recent US election outcome, which saw Donald Trump elected as the 47th President, has already begun stirring up global markets, creating new opportunities and challenges across international real estate landscapes. For the UAE, particularly Dubai and Abu Dhabi, the influence of Trump’s administration could introduce dynamic shifts and potential growth within the real

NEWS DESK

Ministry of Economy announces 34% growth in the number of intellectual property registrations in the country

News Desk 1 11/11/2024 0

 The Ministry of Economy announced the results of the UAE’s intellectual property (IP) sector performance during the first nine months of 2024. The registration of intellectual property, trademarks, patents, and utility certificates experienced remarkable growth, confirming the success of the national efforts to establish an environment that stimulates innovation;

NEWS DESK

Cargostore and HALEYS Forge Partnership to Drive Qatar’s Offshore Growth

News Desk 1 10/11/2024 0

In a move that signals the growing importance of Qatar’s energy sector, two industry giants, Cargostore Worldwide and HALEYS Group Middle East, have announced a strategic partnership poised to reshape the offshore logistics landscape. The collaboration is set to provide vital infrastructure through the supply of certified DNV 2.7-1 Cargo Carrying Units (CCUs), including

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Ghitha Holding reports 11% Revenue Growth

News Desk 1 09/11/2024 0

Ghitha Holding PJSC (ADX: Ghitha), Abu Dhabi-headquartered conglomerate spanning Dairy, Poultry, Vegetable Oil, Seafood, Agriculture, Retail and Distribution, and a subsidiary of International Holding Company (ADX: IHC), has announced a solid AED 3.67 billion in revenue for the first nine months of 2024, showcasing an impressive 11% year-on-year (YoY) growth. Gross Profit

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Dubai’s Office Market Sees Unprecedented Uptake and Rental Surge

News Desk 1 07/11/2024 0

Dubai’s commercial office market is reaching new heights, with unprecedented demand driving occupancy rates and rental growth across prime business districts, as detailed in Savills Q3 2024 Dubai Office Market report. Driven by a substantial rise in new business registrations and expansion activities by existing firms, including those in finance and technology sectors, the