Middle East

NEWS DESK

Oil Eases After Five-Day Rally Amid Middle East Tensions and OPEC Demand Cut – APM Capital Market Report

PR News Desk 14/08/2024

Mark Pussard, Head of Risk, APM Capital Commodities Oil prices eased off a little on Tuesday after five straight winning sessions as supply risks posed by widening Middle Eastern conflict were tempered by demand concerns a day after OPEC cut its forecast for demand growth in 2024. Benchmark

Defence & Security

US closely monitoring volatile situation in the Middle East

Arnold Pinto 14/08/2024

Continues deploying military assets to the region Pentagon Press Secretary Maj. Gen. Pat Ryder held a press briefing in Washington, DC, on August 12, 2024, to address the heightened military posture and recent developments in the Middle East. The briefing came as the United States intensifies its efforts to de-escalate regional tensions and support its […]

Appointments Logistics

Magma Aviation appoints Peter Kerins as new CEO

Arnold Pinto 13/08/2024

2 new freighters added to air cargo fleet Magma Aviation, a leading air cargo solutions provider, has appointed Peter Kerins as its new CEO. With over 30 years of experience in aviation and logistics, Kerins will spearhead the London, UK-backed company’s global expansion and operational strategy. Kerins’ career began in freight forwarding sales in 1991 […]

NEWS DESK

Experience the Magic of Manifestation: Roxie Nafousi to Host Her First Middle East Event

PR News Desk 13/08/2024

Renowned self-development coach, inspirational speaker, and manifesting expert Roxie Nafousi, who is acclaimed as “the manifesting queen” by Forbes and the Financial Times, is set to host her first-ever event in the Middle East. Presented by MAC Global, the highly anticipated live event will take place on Wednesday 16 October at the prestigious Zabeel Theatre […]

Defence & Security

Second US Carrier Strike Group deploys to Middle East

Arnold Pinto 13/08/2024

Amidst rising tensions in the region US Secretary of Defence Lloyd J. Austin has ordered the deployment of the Nimitz-class nuclear-powered aircraft carrier USS Abraham Lincoln Carrier Strike Group (CSG), equipped with advanced Lockheed Martin F-35C fighter jets, to the volatile Middle East region. This follows unprecedented rising tensions in the region, principally

NEWS DESK

Longevity Wellness Launches Groundbreaking Quantum Scanning

PR News Desk 12/08/2024

Longevity Hub, the pioneering performance and recovery habitat, dedicated to empowering individuals to ‘Age Well and Live Better’, proudly announces the launch of its groundbreoneaking Advanced Quantum Scan, the first of its kind in the Middle East. This revolutionary, non-invasive diagnostic technology is set to transform the way individuals understand and

Thought leadership

Women in the Middle East must seize lucrative blockchain careers

News Desk 11/08/2024

EXCLUSIVE: By Zina Ashour, Founder, Women In Crypto Arabia The blockchain industry is rapidly transforming the global economic landscape, offering innovative solutions and new career opportunities. This emerging field presents a unique chance for women in the Middle East to break traditional barriers and build successful careers. As the founder of Women in Crypto Arabia,

Appointments

Gary Barthram joins Serco’s aviation emergency services team

News Desk 09/08/2024

To oversee Middle East operations Serco has announced the appointment of Gary Barthram as the company’s new Area Manager for Aviation Emergency Services in the Middle East region. Based in Abu Dhabi, UAE, Barthram, who has an extensive background in airport fire services, serves as Serco’s principal expert on aviation emergency services in the region. […]

NEWS DESK

Orient Insurance records significant 10 per cent increase in profits

PR News Desk 08/08/2024

Orient Insurance, a prominent insurance company in the Middle East and a subsidiary of Al-Futtaim Group, achieved exceptional financial outcome during the first half of 2024, recording AED 416 million in net profit as compared to AED 377 million during the corresponding period last year, signifying a 10 per cent growth. Furthermore, the company witnessed […]

NEWS DESK

Al Ansari Financial Services signs agreement to acquire BFC Group Holdings

PR News Desk 07/08/2024

Protiviti Member Firm for the Middle East region, a global consulting firm, proudly announces its role as the exclusive financial advisor to Al Ansari Financial Services PJSC (AAFS) in successfully signing a sales and purchase agreement to acquire BFC Group Holdings W.L.L. (BFCGH). The transaction, valued at $200 million (AED 735 million), marks a significant […]

NEWS DESK

Datalec Precision Installations (DPI) Doubles Down on the Middle East

PR News Desk 06/08/2024

Datalec Precision Installations (DPI), a provider of world-class data centre design, supply, build, and managed services delivering seamless and integrated end-to-end solutions for data centre operators, is proud to announce a significant milestone in its expansion plans. A new manufacturing facility in the United Arab Emirates (UAE) marks its strong commitment to the

NEWS DESK

Barracuda to support Managed Service Providers (MSPs) across Middle East

PR News Desk 06/08/2024

Barracuda Networks, Inc., a trusted partner and leading provider of cloud-first security solutions is bringing its global support for MSPs to the Middle East. The move will enable channel organisations across the region to better support their customers through a comprehensive suite of managed security services. These services include threat prevention,

NEWS DESK

Genesis UAE Named Fastest Growing Network in Middle East & Africa, achieves record growth

PR News Desk 06/08/2024

Genesis UAE has been honoured with the prestigious Fastest Growing Network Award by Genesis Middle East & Africa, underscoring its expansion strategy and commitment to customer satisfaction and excellence in the automotive industry. The Genesis network is integral to delivering customer satisfaction and utmost convenience. “We are committed to providing our

NEWS DESK

Trustin launches Middle East’s first regulated digital escrow platform

PR News Desk 06/08/2024

Trustin Limited, a UAE-built first Digital Escrow Platform in the region, officially announces the launches of its operation after securing Financial Service Permission (FSP) from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA). This licence is a significant milestone, solidifying its commitment to regulatory compliance and innovation in

Defence & Security

US moves extra military assets to Middle East amidst regional tension

News Desk 04/08/2024

Including warships, fighter aircraft, missile systems The US is taking decisive measures to address potential escalations involving Iran and its affiliates in the volatile Middle East region. In a statement issued on August 2, 2024, US Deputy Pentagon Press Secretary Sabrina Singh noted that in response to the Hamas attack on Israel on October 7, […]

NEWS DESK

MAPEI GROUP DRIVES SUSTAINABLE DEVELOPMENT WITH LAUNCH OF ZERO LINE OF PRODUCTS IN MIDDLE EAST

News Desk 31/07/2024

MAPEI Group, the world’s leading Italian manufacturer of chemical products for the building industry, announces the launch of its sustainable ZERO line products in the Middle East and Africa (MEA) region. With 60% increase in global sales of its ZERO product range in 2023, the line underscores the rising market demand for environmentally friendly solutions […]

NEWS DESK

Beautyworld announces new market report in collaboration with BeautyMatter

News Desk 31/07/2024

Beautyworld’s extensive and insightful new report, in collaboration with BeautyMatter, provides industry professionals with all-new research, core data and intelligence into the Middle East’s fast-growing beauty industry for the first time. With the MENA (Middle East and North Africa) beauty and personal care industry currently valued at US$46 billion and projected to

NEWS DESK

Red Hat highlights evolution of AI in Middle East at Red Hat’s EMEA AI Open Talks

News Desk 29/07/2024

The Middle East is quickly establishing itself as a global leader in artificial intelligence (AI) innovation, thanks to large investments made to improve productivity, safety, and reliability of the AI-powered tools. Several industry leaders are driving this shift to improve business outcomes by improving technology and broadening its applications across key sectors. At

NEWS DESK

AESG Signals Focus on Raising the Levels of Compliance with Environmental Sustainability

News Desk 29/07/2024

As the Middle East development sector flourishes with key countries projecting annual growth rates of 3% or more over the next three years, AESG, a leading global international consultancy, engineering and advisory firm, as well as Saudi National Centre for Environmental Compliance (NCEC) certified consultancy aims to continue its key role in managing the environmental,

NEWS DESK

SuperBridge Summit 2024 to showcase the Middle East as top global hub for innovation and investment

News Desk 25/07/2024

The Dubai World Trade Centre (DWTC) and the SuperBridge Council have reiterated their commitment to cementing the Middle East’s eminence as the leading destination for innovation and entrepreneurship with the second edition of SuperBridge Summit 2024.  The two-day summit will highlight the exemplary strategic initiatives and visionary leadership of Dubai as a global