In an impressive testament to its economic strategy, the United Arab Emirates has made a significant leap to the 8th position on Kearney’s 2024 Foreign Direct Investment Confidence Index® (FDICI), up from 18th place in 2023, and now stands 2nd on the Emerging Market Index after China. The FDICI, now in its 26th iteration, continues […]
Category: LATEST NEWS
ila Bank named ‘Fastest-Growing Digital Bank in MENA Central’ by Mastercard
ila Bank, powered by Bank ABC, has received an award from Mastercard for the “Fastest-Growing Digital Bank in MENA Central – 2023”. The award, which covers Bahrain, KSA, Egypt, Jordan, Lebanon, Iraq, Palestine, and Yemen, recognized ila Bank’s relentless commitment to innovation and expansion, defining “fastest growing” not just by capturing a significant market share, […]
Dnata and Mauritius Tourism partner to attract UAE travellers in 2024
Dubai-based dnata, a leading global air and travel services provider, has partnered with Mauritius Tourism, the official tourism authority of the Indian Ocean island country, as it aims to attract more travellers from the UAE in 2024. Mauritius Tourism has appointed dnata Representation Services as its sales, marketing, and PR representative in the UAE, to […]
DXC Technology appoints Kylie Watson as Head of Security for Asia Pacific, Middle East and Africa
DXC Technology (NYSE: DXC), today announced the expansion of Kylie Watson’s role as the Head of Security for Asia Pacific, Middle East and Africa in addition to her current role in Australia and New Zealand. With more than 30 years of experience in leading complex projects and teams, Watson is a highly experienced, innovative and outcome-focused cyber […]
Shurooq completes major expansion work at its Kingfisher and Al Badayer eco retreats to meet surging demand
Sharjah Investment and Development Authority (Shurooq) continues its commitment to elevate the emirate’s stature as a globally distinctive tourist destination by announcing the completion of expansions for two flagship projects under the Sharjah Collection: The Kingfisher Retreat and Al Badayer Retreat. These expansions are geared towards amplifying capacity and delivering unparalleled tourist experiences that seamlessly […]
M/HQ and ACX Compliance launch comprehensive guide on navigating ADGM’s DLT foundations
Photo: Hermione Harrison, Director, and Head of Corporate Governance MHQ M/HQ, the UAE’s leading private wealth optimization platform, has partnered with ACX Compliance, a specialized advisory firm in crypto and Web3 compliance in the UAE, to unveil a comprehensive guide titled: “Navigating ADGM’s DLT Foundations.” This initiative is designed to equip businesses with the knowledge […]
Markaz: Geopolitical uncertainty impacts GCC markets’ performance
Kuwait Financial Centre “Markaz” released its Monthly Market Review report for the month of March 2024. Kuwait equity markets ended negative during the month as major blue-chip stocks witnessed selling pressure owing to potential profit-booking by investors. Geopolitical uncertainty influenced market sentiment during this period, thus reducing the volume of purchases. Key economic data releases […]
Egypt to become MENA data science and AI hub with inaugural DSC conference
Egypt underscores its commitment to technological advancement by hosting the first-ever Middle East and North Africa (MENA) edition of the internationally acclaimed Data Science and Artificial Intelligence Conference (DSC). This strategic partnership between Ntervento, the Information Technology Industry Development Agency (ITIDA), and Egypt University of Informatics (EUI) brings “DSC MENA 24” to Cairo from April […]
Global private equity firm, NewSpace Capital, strengthens its presence in the MENA region with appointment of Hassan Karimi to the Advisory Board
Global private equity firm NewSpace Capital has announced the appointment of seasoned investor Hassan Karimi as an Industry Advisory Board member. Hassan, who co-founded the Dubai-based asset management firm KHK & Partners, brings more than 18 years of global investment experience. NewSpace Capital backs founders and business leaders across the space supply chain. It focuses […]
Abu Dhabi to deliver Tourism Strategy 2030 to ensure emirate’s sustainable growth as global tourism destination
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved the new Tourism Strategy 2030 for the emirate. Spearheaded by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), the ambitious blueprint signals a new era of […]