MENA

NEWS DESK

AM Best Briefing in Dubai to Explore State of MENA Insurance Markets

News Desk 1 08/10/2024

AM Best will host a briefing focused on the insurance markets of the Middle East and North Africa (MENA) on 20 November 2024, at Kempinski Central Avenue in Dubai. At this annual regional market event, senior AM Best analysts and leading executives from the (re)insurance industry will

NEWS DESK

Best’s Market Segment Report: MENA Reinsurer Performance Benefits

News Desk 1 30/09/2024

Reinsurers domiciled in the Middle East and North Africa (MENA) region continued to benefit from positive pricing momentum over the recent renewal periods, albeit to a lesser extent than the global reinsurance market, according to a new report from AM Best. The Best’s Market Segment Report, “MENA Reinsurer Performance Benefits from Pricing Environment, Higher Interest

NEWS DESK

MENATech hosts GAMERGY in MENA: one of the biggest esports, gaming, leisure, and entertainment events in the world

News Desk 1 24/09/2024

GAMERGY, the fastest growing global esports, gaming, leisure and entertainment event, extends its presence to the MENA region. After exciting editions in Europe and Latin America, the festival arrives in Egypt, which will become for three days (January 30 to February 1) the global meeting point for esports fans and international players competing for the […]

NEWS DESK

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

News Desk 1 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 scarcity threshold of 500 […]

Aviation

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

Arnold Pinto 06/09/2024 0

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

News Desk 1 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

News Desk 1 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 2 29/08/2024 0

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

News Desk 1 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

News Desk 1 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

News Desk 1 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 2 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 2 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 2 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 2 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 2 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 2 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 2 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 2 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 2 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