Middle East

Business

Middle East Region Champions Healthy Buildings, Leads 24-Fold Increase in WELL Adoption

Middle East News 247 02/08/2023

The Middle East region is leading the charge in driving growth and adoption of the WELL Building Standard (WELL) globally with a 24-fold increase in WELL adoption over the last 19 months, a feat announced today by the International WELL Building Institute (IWBI), the global authority for

Aviation

DC Aviation Al-Futtaim conducts 60-month check of Bombardier aircraft

Arnold Pinto 02/08/2023

DC Aviation Al-Futtaim (DCAF) – the business aviation services partnership between Dubai-based Al-Futtaim Group and Stuttgart-based DC Aviation Group – has completed its first 60-month heavy maintenance check of a Bombardier Global 6000 aircraft. The privately owned aircraft underwent its first heavy maintenance check at DCAF’s hangar located at Dubai’s Al

Logistics Business

The Future of Logistics: How AI Will Change the Way We Move Goods

News Desk 27/07/2023

The logistics industry is undergoing a significant transformation thanks to the rise of artificial intelligence (AI). Businesses are already leveraging AI to improve logistics operations’ efficiency, accuracy, and transparency. The UAE has emerged as a crucial economic hub in the Middle East, with Dubai standing out as a key player. Hosting the region’s largest

NEWS DESK

Web3 Remains Highly Relevant for Private Equity in the Middle East

News Desk 24/07/2023

By Brahim Laaidi, Partner, Bain & Company, and Thomas Olsen, Global Co-lead of Web3 and Metaverse Practice, Bain & Company Watching almost $3 trillion in web3-related asset value shrink by more than 70% is unnerving, to say the least. But the rise and fall of crypto isn’t really the issue. What counts are the core underlying […]

Business

Network International partners with MishiPay Ltd. to bring innovative self-checkout solutions to the Middle East

News Desk 20/07/2023

Dubai, UAE, 20 July, 2023 – Network International (Network), the leading enabler of digital commerce in the Middle East and Africa (MEA), has collaborated with MishiPay Ltd., the leading provider of mobile self-checkout technology, to introduce to its merchants innovative self-checkout solutions, designed exclusively for retail and convenience stores across the United Arab

Business

Saasz Solutions announces exciting new partnership with FujiFilm for Middle East

News Desk 19/07/2023

Saasz Solutions, a leading provider of innovative printing solutions, is thrilled to announce its new partnership with Fujifilm Middle East FZE, a renowned name in the imaging and printing industry. The partnership is set to expand the availability and distribution of Fujifilm’s cutting-edge printers in the Middle East region. As part of this collaboration, Saasz […]

Tech

83% of successful cyberattacks in the Middle East had a targeted nature – Positive Technologies

News Desk 18/07/2023

According to Positive Technologies’ cybersecurity threatscape report, Middle Eastern government entities are especially appealing targets to cybercriminals: 22% of total attacks on organizations targeted government agencies, and 56% of these were perpetrated by APT groups. Armed with various malware and exploits, malicious actors penetrate the victims’ networks and

Travel Lifestyle

Transworld Group’s Airavat Aviation launches sustainable luxury private air travel in the Middle East

News Desk 18/07/2023

Airavat’s fleet of Hawker 4000, the super-midsize business jets will operate on demand to Europe, Africa, Asia and Middle East from Dubai 18 July 2023, Dubai, UAE – Airavat Aviation (Airavat), a new venture by Transworld Group, a leading global logistics conglomerate, is set to redefine luxury private jet travel in the Middle East with […]

Business

MIDDLE EAST PAPA JOHNS OPERATOR AWARDED INTERNATIONAL FRANCHISEE OF THE YEAR

News Desk 10/07/2023

Dubai – UAE: 10 July 2023: Papa John’s International, Inc. has named PJP Investments Group, a Dubai-based F&B company, its 2022 ‘International Franchisee of the Year’. The winner was honored at Papa Johns Annual Operators Conference for exemplifying the brand’s commitment to outstanding customer service and excellence in restaurant operations. PJP Investments Group is

NEWS DESK GCC UAE

The UAE to Change the Insurance Climate with New Vehicle Insurance Rule

News Editor 10/07/2023

The United Arab Emirates government has declared effective a new rule “Vehicle Insurance Rule” that requires all foreign vehicles to be insured before entry into its territory. This vehicle insurance rule, effective from June 26, 2023, applies to all vehicles seeking entry into the UAE by land from the Al Ghuwaifat Port Station. What is […]

Business GCC UAE

AIT Worldwide Logistics Expands to the Middle East with New Office in Dubai

Middle East News 247 06/07/2023

ITASCA, Ill. — AIT Worldwide Logistics proudly announces its expansion to the Middle East with a new office in Dubai, the most populous city in the United Arab Emirates. The new location is an investment to fulfill the evolving shipping needs for key customers, while also enhancing the global freight forwarder’s supply chain solutions in […]

Business

HIMA records exceptional growth of incoming orders in 2022 with 12 per cent being from Middle East

News Desk 05/07/2023

July 5, 2023: The HIMA Group, a safety related automation solutions provider, recorded exceptional growth of incoming orders in 2022, witnessing an 18 per cent increase in incoming orders. The company expects further growth in 2023 through digitalization, internationalization, and expansion of partnerships. Jorg de la Motte, CEO of HIMA Group said: “The HIMA Group

Business

Private equity firm Berkeley Assets highlights key financial insights for the Middle East

News Desk 05/07/2023

DUBAI, July 2023: Berkeley Assets, a British private equity firm with over 15 years of experience, has revealed the latest financial insights for the Middle East’s investment sector.  Preservation and capital protection, diversification of investments into private markets and the digital transformation of businesses remain the three key trends driving financial growth

NEWS DESK

Omnix International and DocAcquire Limited Partner to Bring Intelligence in Document Processing to the Middle East

News Desk 05/07/2023

Dubai, United Arab Emirates, July 5, 2023 – Omnix International, an end-to-end digital solutions and services pioneer, announced that it has entered into a partnership with intelligent document solution specialist, DocAcquire Limited. As a solutions and consulting partner, Omnix will leverage its proven Gulf-wide reach to engage with organizations embarking on their

Business

AllianceBernstein expands presence in the Middle East with new office in Dubai International Financial Centre

News Desk 04/07/2023

Dubai, UAE; 4 July 2023: AllianceBernstein L.P. (AB), a leading global investment firm with nearly USD700 bn in assets under management, today announced that it has been granted a Category 4 Licence from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in or from Dubai International Financial Centre (DIFC). AB […]

Business

Fivescore Labs – The Region’s First Homegrown Longevity Consumer Brand Launches in the UAE

News Desk 03/07/2023

July 3rd, 2023 [Dubai, UAE] – Fivescore Labs, the first homegrown longevity consumer brand in the region has launched in the UAE. Co-founded by McGill and Harvard-trained scientists, the company aims to help lead the consumer longevity revolution across the Middle East. The pioneering concept is aimed at raising awareness and serving consumers with

Business

GMG to bring JD Sports

News Desk 03/07/2023

3 July 2023 – GMG, a global well-being company operating leading brands across sport, everyday goods, health and beauty, properties, and logistics sectors, and JD Sports Fashion Plc (‘JD’ or ‘JD Sports’), the leading global sports fashion retailer today announced the signing of JD’s first franchise agreement. With the signing, GMG has set the stage […]

Business

Central World: The Iconic Shopping Destination for Discerning Middle Eastern Shoppers in Bangkok

Middle East News 247 21/06/2023

Bangkok, Thailand — Central World, the largest shopping center in Asia, is a must-visit destination for Middle Eastern shoppers seeking the best shopping, dining, and entertainment experience in the heart of Bangkok. With over 500 shops, including flagship stores of prominent brands and exclusive stores found only in Thailand, Central World offers a wide selection of

Entertainment Lifestyle

ITALY’S SERIE A FOOTBALL LEAGUE TARGETS MIDDLE EAST BACKERS

News Desk 21/06/2023

Dubai, United Arab Emirates – 21 June, 2023: Italy’s Serie A is targeting investment opportunities from the Middle East, as the football league becomes increasingly attractive to global lenders and private equity giants. The Gulf region has sizeable interests in English football, including Saudi-backed Newcastle United and Manchester City FC, which is majority-owned by Abu

Tech Business

Concordia Secures $4 Million Seed Round from Tribe Capital

News Desk 21/06/2023

Dubai, June 21, 2023 – Concordia, a cutting-edge fintech company, has recently closed a successful $4 million seed round, attracting significant investments from Tribe Capital, Kraken Ventures and Dubai based VC Cypher Capital. This financing round also garnered support from esteemed investors, including Saison Capital, and several other funds and strategic angels.