One of the leading SaaS artificial intelligence and augmented reality beauty and fashion tech business solutions providers Perfect Corp., has partnered with TIMEZ, a next-gen watch aggregation platform, to launch an AR Try-On feature for luxury watches. Through TIMEZ’s mobile app, users can explore 3D models of luxury watches and virtually try them on with […]
One of the leading B2B technology providers Jacky’s Business Solutions LLC, in partnership with Samsung Gulf Electronics, is set to showcase innovative mobility solutions at GITEX GLOBAL 2024, running from Oct. 14-18 at the Dubai World Trade Centre. The event will feature live demonstrations of Samsung’s AI-powered phones and tablets, highlighting their potential to revolutionise […]
This growth will solidify its position as a leading payment solutions provider in the MENA region With 24Fintech, the global fintech movement now under away, PayTabs Group, MENA’s award-winning payments powerhouse today revealed it is set to cross SAR200 billion in payment processing volumes by 2025. This exponential growth is attributed to its payment orchestration […]
The Arab Energy Fund (TAEF), a leading energy-focused financial institution in the MENA region, announced a 37% year-over-year increase in net income for the first half of 2024. The fund, formerly known as APICORP, reported a net income of USD 121 million for the period ending June 30, 2024, up from USD 88 million in […]
The national airline of Saudi Arabia, Saudia, has teamed up with Mastercard to present the third season of the award-winning podcast series “Her Voice” on its in-flight entertainment system, and beyond. This collaboration aims to inspire and empower passengers by sharing the stories of pioneering Saudi women. This season, Saudia and Mastercard have partnered with […]
The Saudi Real Estate Refinance Company (SRC) has entered into a strategic partnership with King Street Capital Management to enhance liquidity and stability in Saudi Arabia’s secondary real estate financing market. The Memorandum of Understanding (MoU) was signed in New York City during the official visit of the Saudi Minister of Municipalities and Housing, His […]
Technology consulting and digital solutions provider Tech Mahindra has partnered with Google Cloud to accelerate generative AI adoption and digital transformation for Mahindra & Mahindra (M&M), one of India’s foremost industrial conglomerates. As part of the agreement, Tech Mahindra will spearhead the cloud transformation and digitisation of M&M’s workspace, deploying M&M’s data platform on Google […]
Egyptian-based real estate developers NAIA Developments has announced a significant partnership with Accor, a global hospitality service provider, to launch two Swissôtel properties in Ras El Hekma, Egypt. The collaboration will see the development of the Swissôtel Hotel and Swissôtel Residences at NAIA Bay, marking a milestone in Egypt’s coastal tourism industry. The new properties […]
Financial Services provider, Al Baraka Bank has announced exceptional performance results for the second quarter of 2024, reporting a 31% year-on-year (YOY) increase in net profit after tax, reaching EGP 1,336 million. This growth underscores the successful execution of the bank’s strategy to expand its footprint in the Egyptian banking sector and enhance its Sharia-compliant […]
Financial Services Company, Network International, has announced a strategic partnership with Epsilon, a global leader in customer loyalty programmes. This collaboration aims to revolutionise regional loyalty solutions by integrating Network International’s payment infrastructure with Epsilon’s advanced loyalty management expertise. The partnership will enable Network International to leverage Epsilon’s technology and analytics platforms to offer customised […]
Empire State Developments (ESD) is evaluating significant real estate projects in east and west Cairo, with plans to invest EGP 17 billion over the coming years. The company is particularly interested in the New Administrative Capital (NAC), which already owns El Centro Mall, as it seeks to capitalise on the area’s high investment potential. Chairperson […]
Mohammed Bin Rashid Housing Establishment (MBRHE) and Dubai Islamic Bank (DIB) have signed a partnership agreement worth AED 29.7 million to support community initiatives. This collaboration seeks to enhance community partnership and corporate social responsibility, reinforcing the support needed to ensure stability and well-being within the community. “We are proud to collaborate with Dubai Islamic […]
Facebook parent company Meta, has unveiled the Llama 3.1 Impact Grants, a new initiative providing up to USD 2 million to support innovative AI applications addressing global challenges. This programme continues Meta’s tradition of empowering organisations with funding to leverage open-source AI for social good. The Llama 3.1 Impact Grants programme invites proposals from organisations […]
Saudi-based electric power generation company ACWA Power has announced its consolidated financial results for the first half of 2024, ending June 30. The company reported a net profit of SAR 927 million, marking a 36% increase from the same period in 2023. Operating income before impairment losses and other expenses reached SAR 1,389 million, with […]
Dubai-based Capital Market Company MultiBank Group has announced a strategic partnership with Mashreq to introduce an innovative instant payment service. This collaboration aims to enhance transactional efficiency and operational transparency for over 1 million traders across 90 countries. Mashreq Bank’s integrated advanced payment processing capabilities will enable MultiBank Group to offer clients nearly instantaneous deposit […]
