Middle East

NEWS DESK

Data Breach Costs for Businesses Continue Their Upward Trajectory in the Middle East Reaching an Average of SAR 32.80 Million

News Desk 1 26/08/2024

IBM (NYSE: IBM) released its annual Cost of a Data Breach Report revealing the average cost of a data breach for businesses in the Middle East reached SAR 32.80 million in 2024. This represents an increase of nearly 10% this year, from SAR 29.90 million in 2023. According to the

NEWS DESK

Xsolla and Savvy Games Group Sign Memorandum of Understanding to Further Video Game Development in the Middle East

News Desk 1 26/08/2024

Xsolla, a global video game commerce company, today announced the signing of a Memorandum of Understanding (MoU) with Savvy Games Group (“Savvy”), Saudi Arabia’s National Champion for Games and Esports, to advance the Kingdom’s Vision 2030 and to create economic opportunities for game developers in the Middle East and around the world. The strategic partnership

Defence & Security

USS Abraham Lincoln CSG enters USCENTCOM AOR

Arnold Pinto 23/08/2024 0

Poised to deter any Iranian aggression The USS Abraham Lincoln Nimitz-class nuclear-powered aircraft carrier equipped with F-35C and F/A-18 Block III fighter aircraft has entered the US Central Command (USCENTCOM) area of responsibility (AOR). The USS Abraham Lincoln, the flagship of US Carrier Strike Group (CSG) 3, is accompanied by the guided-missile cruiser USS Mobile

NEWS DESK

ValueFirst partners with MoEngage to enable seamless conversations between enterprises and consumers in the Middle East

News Desk 1 22/08/2024

ValueFirst, the leading CPaaS company in the Middle East, has partnered with MoEngage, the top insights-led customer engagement platform. This strategic alliance aims to help enterprises drive personalized, insights-led customer engagement and enhance their operations. With this partnership, ValueFirst will join the MoEngage Catalyst Partner Program, which aims to help

Business UAE

Rodenstock unveils AI-powered B.I.G. Norm lenses for the Middle East

Arnold Pinto 22/08/2024 0

Result of 500,000+ biometric eye scans Rodenstock, a global leader in eye health innovation and manufacturer of biometric ophthalmic lenses, has launched its all-new B.I.G. Norm lenses, biometric intelligent glasses powered by artificial intelligence (AI), in the Middle East market. The regional launch is in partnership with Egma, a leading ophthalmic lens company based in

Corporate

Transworld Business Advisors expands GCC operations

Arnold Pinto 20/08/2024 0

Reinforcing growth and advisory services Transworld Business Advisors (Transworld), the world’s largest business brokerage franchise, has extended its operations in the Gulf Cooperation Council (GCC) region. The move sees West Palm Beach, Florida-headquartered Transworld, extending its services beyond the United Arab Emirates (UAE) to include Saudi Arabia, Kuwait, Bahrain,

Defence & Security

Pentagon: US keen to deter regional war in Middle East

Arnold Pinto 15/08/2024 0

40,000 US troops in CENTCOM area Pentagon Press Secretary Air Force Maj. Gen. Pat Ryder has outlined the latest developments in the US strategy to address mounting tensions in the Middle East and prevent the escalation of conflict in the region. Addressing a press conference in Washington, DC, Ryder reiterated that the US has deployed […]

NEWS DESK

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

News Desk 1 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 Brent crude futures were down $1.32, or […]

Defence & Security

US closely monitoring volatile situation in the Middle East

Arnold Pinto 14/08/2024 0

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 0

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

News Desk 1 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 0

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

News Desk 1 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 2 11/08/2024 0

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 2 09/08/2024 0

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

News Desk 1 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

News Desk 1 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

News Desk 1 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

News Desk 1 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

News Desk 1 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