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Investments

NEWS DESK

HID Announces Major Expansion with Continued Investments in Saudi Arabia, at Intersec Saudi 2024

PR News Desk
HID, a worldwide leader in trusted identity solutions, today announced its expansion in Saudi Arabia at Intersec 2024, with continued investments in talent acquisition, cutting-edge technology, and its channel ecosystem. As part of its strategic focus on the Middle East, the company aims to strengthen its presence and enhance service offerings to meet the growing […]
Global Aerospace Summit
NEWS DESK

Global Aerospace Summit 2024 set to fast-track greater investments for the future of the aerospace industry

The seventh edition of the Global Aerospace Summit is set to return to Abu Dhabi in September 2024. Representing the aerospace, aviation, space, and defence sectors, the premier thought leadership forum will aim to accelerate investments to drive greater sustainability, youth engagement and innovation for the industry. The Summit is a CEO-led, critical meeting of […]
Ministry of Economy
NEWS DESK

Ministry of Economy reviews new Competition Regulation law and its role in developing regulatory & legislative frameworks

 The Ministry of Economy organized a media briefing to review the Federal Decree-Law No. 36 of 2023 on competition regulation, which aims to promote and protect competition in the country, combat monopolistic practices, counter harmful economic concentration of consumers, support the growth of economic sectors and boost productivity, thus enhancing the country’s
NEWS DESK

Independent Survey of Nearly 3,000 Global CFOs and CIOs Reveals Growing Demand for Results and ROI

Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced the findings of the Censuswide survey, “C-suite Imperatives: Evolving IT and Enterprise Investments.” The Rimini Street-sponsored
Hitachi Energy
NEWS DESK

Hitachi Energy to invest additional $1.5 billion to ramp up global transformer production by 2027

Hitachi Energy today revealed investments of over $1.5 billion to ramp up its global transformer manufacturing capacity to keep pace with the growing demand and support the long-term plans and electrification efforts. The investments will gradually expand the company’s global transformer capacity by 2027 and are in addition to the $3 billion already announced to […]
NEWS DESK

Turkish electrical control equipment manufacturer XKoren accelerates Middle East investments

PR News Desk
DUBAI, United Arab Emirates — Turkish electrical control equipment manufacturer XKoren Electric has intensified its global expansion strategy with a €50 million investment. Striving to position itself as a leading global provider of eco-friendly electrical control equipment during the green energy transition, XKoren will extend its cutting-edge smart switchgear solutions,
EDB
NEWS DESK

Emirates Development Bank supports food security

PR News Desk
Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, announced that since the launch its new strategy in April 2021, the bank has approved over AED 721 million financial support for food security projects. EDB has allocated AED30 billion to support 13,500 SMEs in five
Business

Saxo Bank Surpasses 1 Million Clients

Dubai, United Arab Emirates, 20 June 2023: Saxo Bank, which offers online trading platforms, investing, and wealth management solutions, announces a new milestone as it passes 1 million clients, showcasing that more people are starting to take control of their own investments. This milestone comes shortly after the recent news that its client assets globally […]
Business

WEALTH FUNDS LIKELY TO INCREASE AFRICA INVESTMENTS

Dubai, United Arab Emirates – 15 June, 2023:  Sovereign investors from the UAE and wider GCC bloc are likely to ramp up investments across African countries, building on a 50 percent jump in capital flows from the Middle East over the past five years, say experts. Agriculture, energy and infrastructure are sectors likely to benefit from […]