Middle East

NEWS DESK

Silver surged by 4.5% to above $31 – Saxo Bank MENA – Market Report

News Desk 2 28/05/2024

Commodities: Oil increased as tensions escalated in the Middle East following the death of an Egyptian soldier in a clash with Israeli troops. WTI rose by approximately 1% from Friday’s close to near $79 a barrel, while Brent traded close to $83. Egypt’s military confirmed the death

NEWS DESK

Prop-tech Powerhouse Holo Raises Funds to Streamline the Home-Buying Journey

News Desk 2 27/05/2024

Holo, the largest direct mortgage platform in the Middle East, announces the completion of an oversubscribed funding round. With Series A funding on the horizon, the company, having surpassed targets, decided to extend an opportunity to investors to further invest in the business through a pre-Series A round. The oversubscribed funding round was headed by […]

NEWS DESK

Knight Frank Highlights US$4.3 Billion Investment Gap for 16,301 Psychiatric Beds in Middle East

News Desk 2 27/05/2024

The Middle East, particularly the UAE and Saudi Arabia, faces an urgent need for additional psychiatric beds to meet the growing demand for mental health services. According to Knight Frank MEA’s Healthcare division’s latest Mental Health Report, an investment budget of USD 4.3 billion is required to fulfil the demand for 16,301 psychiatric beds in […]

NEWS DESK

CANON HOSTS ITS FIRST “CELEBRATING YOU” EVENT IN UAE

News Desk 2 27/05/2024

Canon Middle East recognized over 100 Managed Printing Services (MPS) customers at an exclusive event in Dubai. Canon’s Managed Print Services (MPS), introduced in the Emirates in 2012, aims to empower organizations across various sectors, including government, education, banking, healthcare, manufacturing, and retail. The “Celebrating You” event in Dubai

Health

Heart Attack Dominates Middle East Life Insurance Claims

News Desk 2 26/05/2024 0

According to New Zurich Study Zurich International Life has unveiled the findings of its Customer Claims Paid Report 2024, highlighting the prevailing trends in life and critical illness insurance claims across the Middle East region. Over the past three years, Zurich International Life, a division of Zurich Insurance Group, has disbursed AED772.8 million ($210 million)

Corporate Cybersecurity Interviews

Swiss GRC Brings Advanced GRC Solutions To The Middle East

Arnold Pinto 24/05/2024 0

Including Customised Digital Asset Swiss GRC, the Lucerne, Switzerland-headquartered Governance, Risk, and Compliance (GRC) specialist, made a significant stride in its global expansion by hosting its inaugural ‘GCC CRC Day 2024’ conference in Dubai City on May 22, 2024. The exclusive event attracted over 100 GRC professionals from the Middle East, indicating the

NEWS DESK

Hong Kong is a gateway between Middle East and China

News Desk 2 23/05/2024

Hong Kong (HK) has very often been described as a ‘super connector’ and a ‘super value-adder’ between China and countries outside China, says Mr. Paul Lam Ting-kwok, Secretary for Justice of the Hong Kong Special Administrative Region, highlighting HK’s comprehensive professional legal services and its strengths in the rule of law. Speaking at a forum […]

Oman Travel

UN Tourism’s Middle East Members Target Innovation

Arnold Pinto 23/05/2024 0

50th Meeting Held In Muscat Thirteen member states of the UN Tourism Regional Commission for the Middle East are convening in Muscat, Oman (May 22-24, 2024), with a shared vision of steering the region’s tourism sector towards a future defined by innovation, investment, and inclusivity. The gathering marks the 50th meeting of the UN Tourism […]

NEWS DESK

Qatar to host the 51st UN Tourism Regional Commission Conferencefor the Middle East

News Desk 2 23/05/2024

A High-level delegation from Qatar Tourism led by His Excellency Mr. Saad bin Ali Al Kharji, Chairman of Qatar Tourism is participating in the fiftieth UN Tourism meeting of the Regional Commission for the Middle East, which is currently held in the capital of the Sultanate of Oman, Muscat. The meetings started 22 May and […]

NEWS DESK

Trinasolar Announces Strategic Partnerships to Advance Renewable Energy in the Middle East and Africa

News Desk 2 22/05/2024

Trinasolar proudly announces the signing of three transformative distributor partnerships, marking a significant expansion in its reach across the Middle East and Africa. Partnering with Noon for Renewable Energy in Lebanon, Al Takamul Engineering in Palestine, and Golden Sun Solar Solutions in Sudan. Trinasolar is poised to deliver a total of 110MW modules including the

NEWS DESK

Middle Eastern Tourists Drive European Shopping Renaissance with McArthurGlen Leading the Way on Their Travel Itineraries

News Desk 2 22/05/2024

The allure of European shopping has become an essential component of every traveler’s itinerary from the Middle East, with McArthurGlen Outlets positioned as the market leader in providing unparalleled retail experiences across the continent. In a landmark achievement, Middle Eastern markets emerged as the first market in tax-free shopping at McArthurGlen’s

NEWS DESK

Gaming startups can make the world a better place, says tech investor

News Desk 2 22/05/2024

Middle East startups in the booming gaming industry have the power to drive positive real-world impact, and a prominent tech investor says they should seize this opportunity to increase their significance. Abdumalik Mirakhmedov, Director and co-founder of UAE tech venture company, Scalo Technologies, says gaming startups are well-positioned to be both profitable and

NEWS DESK

Revolutionizing Vehicle Protection: Stellantis Introduces FlexCare in the Middle East

News Desk 2 21/05/2024

Stellantis, a global leader in automotive innovation, today announces the launch of Stellantis Brands FlexCare, its latest Vehicle Protection program, tailored specifically for drivers in the Middle East. Stellantis Brands FlexCare embodies Stellantis’ commitment towards the best customer experience, aligning seamlessly with its Dare Forward 2030 strategy for the highest

NEWS DESK

Hong Kong Secretary for Justice Paul Lam Ting-kwok commences visit to Middle East  

News Desk 2 21/05/2024

Mr. Paul Lam Ting-kwok SJ, Secretary for Justice of the Hong Kong Special Administrative Region started his visit to the Middle East starting from Riyadh in Saudi Arabia with a 30-person delegation, comprising representatives from the Law Society of Hong Kong, the Hong Kong Bar Association and related sectors, and began a two-day visit to […]

NEWS DESK

Report on impact of smoking in Middle East

News Desk 2 20/05/2024

A new report to be released next month on the impact of smoking in the Middle East is expected to stress the need for investment in harm reduction to address a coming tide of cancers, cardiovascular disease and stroke by 2050. Dr. Derek Yach, a global health expert with more than 30-years of experience in […]

NEWS DESK

Multiple Convenient Connections Available from the Middle East to Jamaica

News Desk 2 17/05/2024

Travelers from the GCC can easily reach Jamaica through convenient flight connections via major airlines linking through the United Kingdom, the United States of America, and Canada. This connectivity provides seamless travel options for citizens and residents of the GCC looking to experience the beauty and culture of Jamaica. The residents of the Gulf Cooperation […]

NEWS DESK

Almarai signs five agreements with international companies worth more than 500 million SR. at the Middle East Poultry Exhibition

News Desk 2 16/05/2024

As part of its expansion investment strategy, Almarai has signed five agreements with five leading global poultry companies worth over 500 million Saudi riyals. The aim is to expand poultry production and increase the company’s market share in the sector, which currently stands at over 250 million birds annually, with plans to increase production capacity […]

NEWS DESK

Presight and Intel to Forge Strategic Collaborationin Driving AI Innovation Across the Middle East

News Desk 2 16/05/2024

Presight, the region’s leading big data analytics company powered by generative artificial intelligence (AI), and Intel, a global leader in cloud computing, data center, AI, and PC solutions, have announced a strategic collaboration aimed at accelerating applied AI projects and developing cutting-edge AI solutions in the Middle East. Signifying a commitment to advancing AI

NEWS DESK

Addleshaw Goddard adds new Employment partner to growing Middle East business

News Desk 2 15/05/2024

Addleshaw Goddard has announced the appointment of Rachel Hill as a Partner in its regional employment practice. Her appointment quickly follows the arrival of Anna Zeitlin from PwC to develop a Fintech practice. A UK-qualified lawyer, Rachel joins Addleshaw Goddard from Hadef & Partners, where she was instrumental in driving the growth and maturity of the […]

NEWS DESK

United Airlines Marks First Anniversary ofDubai-New York/Newark Service

News Desk 2 13/05/2024

United Airlines is marking one year of its nonstop service between Dubai and New York/Newark. Since the service launch in March 2023, as part of United’s historic commercial agreement with Emirates, the airline has carried over 180,000 customers and transported over 3,000 tonnes of cargo on more than 700 flights on this route. United is […]