Appliances and consumer-based tech firm Samsung Electronics Co., Ltd. has announced that its SmartThings platform has received the ISA/AEC 27001:2022 certifications, a prestigious international standard for information security management systems(ISMSs). The ISA 27001 standard, established by the International Organisation for Standardisation (ISO), provides comprehensive guidelines for managing risks to information assets. Samsung’s certification, granted by […]
Real Estate Company’s YBA Kanoo’s investment division, Kanoo Ventures has announced a significant investment in CorrosionRADAR, a predictive Corrosion under Insulation (CUI) monitoring solution. This latest funding round, attracting investments from Aramco Ventures, Dow, and Mercia Ventures, has raised CorrosionRADAR’s total funding to $14 million (£11.7M). This capital influx will enable CorrosionRADAR to expand the […]
Kuwait-based telecommunications company Ooredoo has announced a strategic partnership with retail company, Landmark Group, integrating popular brands like Centrepoint, Max, and Home Centre into its Nojoom Rewards programme. This collaboration unveiled during a ceremony featuring Ooredoo’s Chief Commercial Officer Tapan Tripathi and Landmark Group’s Shabbir Fakhruddin, enhances the Nojoom programme’s offerings. The partnership introduces an “Earn-And-Burn” mechanism, allowing […]
UAE-based tech and Web3 powerhouse, Phoenix Group PLC, announced a significant 141% year-on-year rise in net profit for Q2 2024, reaching USD 56.1 million, compared to USD 23.2 million in the same period last year. On Friday, This growth was primarily driven by strategic investments in digital assets and the expansion of their self-mining business. […]
On Thursday, the Bahrain-based auction platform of “Mumtalakat” holding, Mazad, announced a strategic partnership with Kanoo Real Estate, a subsidiary of the Yusuf bin Ahmed Kanoo group. This collaboration aims to expand Mazad’s asset share and strengthen its position as the leading auction platform in Bahrain and the Gulf region. Under the partnership, Kanoo Real […]
Mutual Trust Bank PLC (MTB) has been honoured with the “Best Bank in CSR – Bangladesh” award by Business Tabloid Magazine. This distinguished recognition highlights MTB’s exceptional commitment to Corporate Social Responsibility (CSR) in various sectors including education, healthcare, environmental sustainability, and disaster management. The award underscores MTB’s impactful CSR initiatives, which have significantly benefited […]
Mutual Trust Bank PLC (MTB) proudly announces that Syed Mahbubur Rahman, Managing Director and CEO, has received the “Most Influential Banking Leader, Lifetime Achievement Award – Bangladesh” from Business Tabloid Magazine. This distinguished honour recognises Rahman’s impactful leadership and strategic expertise that have significantly shaped the banking sector in Bangladesh. Under Rahman’s leadership, MTB has […]
The real estate developer, SKY AD. On Thursday, developments under the direction of the Emirati Diamond Group began construction on the Bluetree project in New Cairo’s prestigious Golden Square. This is the company’s third venture in Egypt and its first development in the Fifth Settlement. During a media visit, the company formally announced the project […]
Technology Company Beyon, on Wednesday, announced a partnership with Silicon Valley-based data analytics and cloud company, LigaData to develop a pioneering Data Lakehouse, serving as a centralised repository for Beyon Group’s data. This initiative aims to future-proof Beyon’s data infrastructure by leveraging advanced cloud technologies. The agreement, signed by Beyon CTO Saurabh Gupta and LigaData […]
Bahrain-based auction platform, Mazad, on Tuesday, announced a strategic partnership with the Arab Shipbuilding and Repair Yard Company (ASRY) to bolster the maritime industry through innovative auctioning solutions and enhanced operational efficiencies. This partnership aims to streamline ASRY’s procurement process by using Mazad’s platform to repurpose and utilise materials efficiently, providing a trusted and transparent […]
Electric services company General Electrics Vernova announced the successful rollout of its first H-class gas turbine unit at the GE Saudi Advanced Turbines (GESAT) facility in Dammam on Friday. This turbine will power the Jafurah Cogeneration Independent Steam and Power Plant (ISPP), which is anticipated to be the most efficient power plant in Saudi Arabia. […]
Advanced Energy Management Company (AEMACO), on Friday, successfully deployed its innovative energy management system at Servhub’s labour camp in the UAE, resulting in a 20% reduction in energy consumption. AEMACO, established in 2020, initially focused on air conditioning systems and developed a unique hardware and software solution for monitoring and controlling A/Cs, marking a first […]
The Computer maker Lenovo, on Thursday, has launched new comprehensive enterprise AI solutions aimed at helping companies develop and deploy AI efficiently. The suite includes turnkey services, business-ready vertical solutions, and energy-efficient innovations, all designed to enhance the practical application of AI. The expansion features new services powered by NVIDIA through the Lenovo AI Centre […]
On Wednesday, the prominent hospitality company OYO launched its first luxury hotel in Dubai under the brand ‘Palette,’ aiming to attract the growing number of Indian tourists visiting the city. The move follows a significant rise in Indian visitors to Dubai, which reached 11.9 million in 2023. OYO, which boasts over 700 properties in the […]
One of the largest Digital payments providers in the Middle East and Africa Network International has entered into a strategic partnership with UAE-based financial services provider Reem Finance. This alliance aims to leverage the Network’s expertise to deliver comprehensive payment processing solutions, supporting the digital transition in the financial sector. The partnership aligns with Reem […]
