S&P Global raised its long-term issuer credit rating on Emirates Development Bank (“EDB” or “the Bank”), to AA from AA-, with the outlook remaining ‘Stable’. Being the highest credit rating given to a financial institution in the UAE and across the MENA region,
Mena region
The UAE has been ranked first in the region and 18th globally in the World Economic Forum’s Travel & Tourism Development Index (TTDI) 2024, climbing seven places from its 25th global ranking in 2019. H.E. Abdulla Bin Touq Al Marri, Minister of Economy and Chairman of the Emirates Tourism Council, emphasized that the UAE tourism, […]
Swiss GRC, a leader in Governance, Risk, and Compliance (GRC) solutions, has launched its flagship product, the GRC Toolbox, in the Middle East. Tailored to the region’s unique needs, this move is part of Swiss GRC’s strategic expansion, with a new branch and operational office in Dubai Internet City, UAE. Swiss GRC distinguishes itself with […]
Integrate Middle East 2024, the MENA region’s only professional audio-visual (Pro AV) and media technology exhibition, will congregate global and regional experts in its summit. By attending this key component of the event, visitors will gain valuable insight into the transformative effects of emerging technologies that contribute to fostering innovation within media and
Fils, the fast growing, UAE based enterprise-grade digital infrastructure provider enabling companies to embed sustainability and climate action into their business models, today announced a major partnership with Arab Financial Services (AFS), the Middle East and Africa region’s leading digital payment solutions provider and fintech enabler. The collaboration
The Economy Middle East Summit 2024 was held today at the Abu Dhabi Global Market (ADGM), in the presence of high-profile leaders who shared valuable insights under the theme “Accelerating Future Growth.” The event brought together top-tier attendees including UAE Minister of Economy H.E. Abdulla Bin Touq Al-Marri. Salem Al Darei, CEO of ADGM Authority, […]
Satellite service operator IEC Telecom Group showcases an innovative device to revolutionise the humanitarian response and unlock new opportunities for critical communications in the field. Skyphone by Thuraya is the first-ever universal smartphone with cellular and satellite connectivity. Complemented by value-added services from IEC Telecom, Skyphone will empower first
Statement regarding the false allegations against the FIA President Mr. Mohammad Ben Sulayem: The FIA Members for Sport for MENA Region and ACTAC Sub-Region were deeply concerned regarding the claims against the FIA President Mr. Mohammed Ben Sulayem of potential interference in sporting decisions during Formula One events in 2023. Knowing that Mr. Mohammed Ben
Today marks the completion of the transaction for Arçelik, Beko’s parent company, to acquire full ownership of Whirlpool’s Middle East and North Africa (MENA) operations. Through this acquisition, Arçelik now owns Whirlpool’s UAE and Morocco entities, and manages Whirlpool’s MDA business operations in the MENA region. With the integration of Whirlpool’s MENA
Global private equity firm NewSpace Capital has announced the appointment of seasoned investor Hassan Karimi as an Industry Advisory Board member. Hassan, who co-founded the Dubai-based asset management firm KHK & Partners, brings more than 18 years of global investment experience. NewSpace Capital backs founders and business leaders across the space supply chain. It
Reputation House, the leading Online Reputation Management (ORM) company, has announced stellar performance for the fiscal year 2023, marking a significant milestone with a Dh4.8 million ($1.3 million) increase in revenue and 10% month-on-month growth in 2023 in the Middle East and North Africa (MENA) region. As the company positions itself for further expansion into […]
The need for agility, cost flexibility, and access to critical skills became increasingly important in the 2023 talent landscape. As a result, Outsized, the leading on-demand talent platform in the Middle East, Asia-Pacific, and Africa, has seen a surge of demand for independent skilled talent from enterprises moving to more agile and flexible workforce models. […]
BKN301 Group, a leading digital payments and Banking-as-a-Service provider in the MENA region, unveiled its cutting-edge BKN301 BaaS Orchestrator solution with the objective of radically transforming the MENA region’s financial landscape. The cutting-edge platform seeks to empower businesses of all sizes, particularly fintech companies and traditional banks, with the
Organizations in MENA are anticipating a shift to hybrid project management approach to accelerate outcomes for project delivery, reveals a flagship annual report by Project Management Institute (PMI), the world’s leading authority for project professionals. PMI’s 15th annual Pulse of the Profession® report, which details key findings of its annual survey of project
Lexar, a leading global brand of flash memory solutions, is showcasing its professional imaging product lineup at this year’s Xposure 2024, the leading photo festival in the MENA region, from February 28 to March 5 at the Sharjah Expo Center. At Xposure 2024 Lexar will showcase its complete professional photography and videography portfolio, including its […]
Yango Play, the first AI-powered super app that combines video streaming, music, mini-games, is set to brighten screens across the MENA region with exclusive Arabic content this Ramadan. Yango Play offers a diverse range of content: from heartwarming family sagas and comedies to the biggest Arabic historical series from the different parts of MENA region. […]
iCubesWire, a leading global AI & ML Mobile Marketing Platform, has announced the elevation of Mazen Bahnassy to lead Influencer Marketing business across the MENA and GCC regions, focusing on UAE, KSA, Qatar, Egypt. This move aligns with the company’s upcoming expansion plans to strengthen its grip in the region. Mazen has more than 8 […]
Alef Education, a UAE-based global leader in education technology, announces a strategic collaboration with MetaMetrics®, the US-based developer of the Lexile® Framework for Reading, to launch an Arabic reading scale to improve the literacy skills of approximately 100 million K-12 Arabic speakers across the Middle East and North Africa. The unique scale is set to […]
Medlab Middle East, the MENA region’s largest laboratory exhibition and congress, returns to the Dubai World Trade Centre next week from 5-8 February. This year’s event will feature 900 exhibitors from more than 40 countries, representing a 20% increase in exhibitors from last year. Now in its 23rd year, Medlab Middle East is expected to […]
NAFFCO, one of the leading producers and suppliers of safety solutions worldwide, has reiterated its commitment to driving operational excellence with multiple innovations. A testament to this is the company’s electrical fire truck, which is designed to improve efficiency and optimise operations during emergencies. With a water pump capable of delivering an