MENA

NEWS DESK

Ma Hawa: MENA Home to 15 Most Water-Scarce Countries Requiring Further Innovation to Ensure Water Security

PR News Desk 18/09/2024

The Middle East and North Africa (MENA) region faces an unprecedented water crisis, with 15 out of the 20 most water-scarce countries located in the region. At the same time, reports suggest that by 2030, the amount of water available per capita in the MENA will plummet below the absolute water

Aviation

Egypt to get 2 C-130J-30 Super Hercules tactical airlifters

Arnold Pinto 06/09/2024

Joining 7 other MENA nations The Egyptian Armed Forces have announced their acquisition of two C-130J-30 Super Hercules tactical airlifters. The announcement, made on September 5, 2024, at the 2024 Egypt International Air Show, marks Egypt as the 23rd country to join the global Super Hercules fleet. Lockheed Martin, the manufacturer of the C-130J-30, will […]

NEWS DESK

Bybit and DMCC Bring Back the MENA Region’s Largest Web3 Hackathon

PR News Desk 03/09/2024

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, joined forces with the Dubai Multi Commodities Centre (DMCC) Crypto Centre to unleash Web3 and blockchain innovations in the largest hackathon of its kind in the MENA region. Tasked with the vision to innovate for a better tomorrow, participants are invited to identify and develop solutions […]

NEWS DESK

Connect. China 2024 Concludes with Resounding Success, Bridging MENA and Chinese Luxury Travel Markets

PR News Desk 30/08/2024

The highly anticipated Connect. China 2024 event, hosted on August 29th at the prestigious Four Seasons Resort Dubai at Jumeirah Beach, has concluded with remarkable success. This exclusive event, which brought together the MENA region’s most luxurious travel suppliers and influential Chinese luxury travel buyers, has set a new standard in the luxury travel industry.

Appointments Space

Relm Insurance recruits space economy expert

News Desk 29/08/2024

Company begins MENA operations Relm Insurance, a Hamilton, Bermuda-based speciality insurance provider for emerging and innovative industries, has appointed Dr Francesca Faedi as a senior advisor to enhance its capacity to meet the rising insurance demands of the space industry. Dr Faedi, the Director of Orbital Innovation and a Lecturer on the Space Economy at […]

NEWS DESK

Oil rises but hits lows; gold rebounds on weaker dollar  – Saxo Bank MENA

PR News Desk 26/08/2024

Commodities WTI crude oil futures rose 2.49% to $74.83 per barrel, while Brent crude futures increased 2.33% to $79.02 per barrel. Despite these gains, both benchmarks hit their lowest levels since early January due to a significant downward revision in U.S. job growth estimates. Morgan Stanley predicts a surplus in oil supply by 2025 as […]

NEWS DESK

MENA Leisure Industry Success will be Data Driven

PR News Desk 21/08/2024

The Middle East & North Africa Leisure and Attraction Council (MENALAC) has announced the second edition of the MENA Leisure Report, set for an April 2025 release. Not just a collector’s edition, the upcoming Report promises to be a go-to source of knowledge, which is being curated by industry, for the industry. Going by the […]

NEWS DESK

MENA’s self-gifting trend grows 15% in emotional support shift

PR News Desk 13/08/2024

Flowwow, a gifting marketplace for local brands in 30+ countries, has partnered with Admitad, a partnership marketing platform, to unveil the findings from their latest e-commerce market research for the Middle East and North Africa (MENA) region in the first half (H1) of 2024. Self-Gifting Phenomenon in the UAE In the first half of 2024, […]

NEWS DESK

Crude’s month-long slide halted by fresh Mideast worries  – Saxo Bank MENA

News Desk 31/07/2024

The energy sector is heading for its biggest monthly loss since May 2023, with headlines this past month being dominated by the poor outlook for Chinese demand as economic weakness persists in the world’s top importer of crude oil. In addition, the recent loss of risk appetite across key stock market sectors has also led […]

NEWS DESK

Cyprus and Greece rental yields reach record highs

News Desk 31/07/2024

Leading Greek and Cypriot real estate developer Leptos Estates reveal that rental yields in both Cyprus and Greece are consistently reaching all-time high levels as international purchasers let their holiday homes across sought-after destinations. The developer reveals that rental yields across some of their most popular destinations and developments are consistently

NEWS DESK

81% of MENA professionals highly engaged in the workplace, highlighting opportunities for enhanced loyalty

News Desk 29/07/2024

The latest Employee Loyalty in the MENA survey by Bayt.com, the Middle East’s leading jobsite, and YouGov investigates the driving factors that contribute employees’ loyalty to their organizations, identifying actions that could enhance loyalty and recognizing the elements that could potentially undermine it. Illustrating a considerable measure of stability within

NEWS DESK

MENA region’s early adoption of GenAI key to driving   growth, finds new research from Project Management Institute

News Desk 11/07/2024

A new report from Project Management Institute (PMI), the world’s leading authority for project professionals, explores how high adopters of GenAI (or “trailblazers”) are leading the charge in embracing GenAI. These trailblazers not only aid in unlocking performance enhancements and advancing GenAI adoption, but also believe in sharing their learnings to propel

NEWS DESK

Payments Security: The Key to Winning Consumer Loyalty in MENA

News Desk 08/07/2024

The adoption of digital commerce in MENA has skyrocketed over the past few years. Countries that were once deeply attached to cash and physical transactions have shot to digital maturity in just a few years. According to Checkout.com’s 4th annual MENA ecommerce report, The State of Digital Commerce in MENA 2024, 91% of the region’s […]

NEWS DESK

Abu Dhabi is set to host Amazon UNIVERSITY Esports Masters, the big party for college esports in MENA

News Desk 03/07/2024

The competitive excitement over who will become the best college esports teams in the MENA region is about to begin. Students from the UAE are ready to represent their country and seek victory at the Grand Finals of the third edition of Amazon UNIVERSITY Esports Masters (Amazon UE Masters), where they will battle against their […]

NEWS DESK

BKN301 Group uses its BaaS Orchestrator solution ‘301pay’

News Desk 24/06/2024

Leading the charge in innovation, BKN301 Group’s advanced BaaS orchestrator payment gateway solution ‘301pay’ has been providing businesses of all sizes with unprecedented control over their payment processes, contributing to the ongoing growth of the MENA eCommerce market. The multi-merchant payment orchestrator platform allows businesses to effortlessly accept payments

NEWS DESK

Rapid changes in commercial real estate values and risk require increased sector specialisation: JLL

News Desk 06/06/2024

The increasing economic openness and diversification strategies, and the rise of many ambitious infrastructure and development projects across the Middle East and North Africa (MENA) are accelerating the demand for value and risk advisory services in the region, according to JLL, a leading professional services firm specialised in real estate, investment

NEWS DESK

Qatar Airways is the First Leading Airline in MENA to Introduce Complimentary Starlink Wi-Fi Onboard

News Desk 30/05/2024

Qatar Airways, a multiple award-winning airline, has announced the introduction of Starlink’s innovative high-speed, low-latency Wi-Fi on three of its Boeing 777-300 aircraft by the last quarter of this year, as part of the initial phase of its rollout strategy. This strategic move solidifies the airline’s commitment to elevating the passenger experience

NEWS DESK

Integrate Middle East’s second edition starts tomorrow, convening Pro AV and Media community

News Desk 20/05/2024

The second edition of the Integrate Middle East, the only professional audio-visual (Pro AV) and media technology event in the MENA region will start tomorrow, May 21, 2024, and welcome visitors till May 23, 2024. Co-located with long-running event CABSAT at the Dubai World Trade Centre (DWTC), this year’s exhibition is poised to host over […]

NEWS DESK

500 Global and Sanabil Investments announce Batch 7 of the Sanabil 500 MENA Seed Accelerator Program

News Desk 14/05/2024

Multi-stage venture capital firm 500 Global and KSA-based Sanabil, a financial investment company [wholly owned by the Public Investment Fund (PIF)] announced the seventh batch of their Sanabil 500 MENA Seed Accelerator Program, aimed at helping up-and-coming companies scale up in the region. The final selected companies are focused on developing solutions across a diverse

NEWS DESK

Neosun Energy Opens New Regional Office to Drive Profitability for MENA Businesses with Solar Solutions

News Desk 14/05/2024

Neosun Energy, a leading global developer of solar energy solutions, is pleased to announce the opening of a new regional office in Dubai, United Arab Emirates, extending its global footprint to the MENA market, with plans to open new offices in Saudi Arabia and Oman soon. According to the International Energy Agency, the Middle East […]