The success of last year’s cooperation agreement with Cainiao Network (“Cainiao”), the logistics arm of Alibaba Group has enabled Saudia Cargo to achieve significant growth in e-commerce shipments this year. The agreement created a thriving “sky bridge” between Asia and Europe, allowing Saudia Cargo to benefit from the opportunities arising from the growing global e-commerce market. Cainiao joined Saudia Cargo’s flight program in March 2021, linking Hong […]
Category: LATEST NEWS
Government officials, industry leaders and experts set to convene for the World Utilities Congress in May 2022
Held under the patronage of His Highness Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Head of the Abu Dhabi Executive Office, the World Utilities Congress is set to take place at the Abu Dhabi National Exhibition Centre (ADNEC), from 9-11 May 2022. The World Utilities Congress, […]
Virtual platform MeetsMeta selects the UAE for launching, expansion
‘MeetsMeta’ has selected the UAE to launch the first virtual city to simulate reality through Non-Fungible Tokens (NFTs) to provide users a virtual experience where they can select the individuals they want to meet and shape the life of their dreams. Through this, users can also study, do touristic activities, enjoy entertainment offers and own […]
Majid Al Futtaim ‘State of the UAE retail economy’ report reveals retail consumer spending in the UAE jumped by 14% in Q1 2022
Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today launched the latest in a series of quarterly reports titled State of the UAE Retail Economy, uncovering key economic data, trends and insights into consumers’ behaviour patterns, spending habits and sentiment in the UAE. The report […]
Real estate transactions in Abu Dhabi exceed 11.3bln AED in the first quarter of 2022
The Department of Municipalities and Transport (DMT) revealed that the UAE capital’s real estate market recorded 3,304 transactions, reaching a value of Dh11.3 billion in the first quarter of 2022. The department’s quarterly report revealed that the transactions included the buying, selling, and mortgages of all types of land, buildings, and real estate. According to […]
New pairing-based approach speeds security for blockchain and other apps
Pairing-based cryptography is commonly used for constructing and analyzing cryptographic protocols in blockchain and other use cases. A pairing is calculated between two input groups and a third output group as part of common public-key cryptographic protocols. In a multi-party protocol, communications are encrypted and decoded using a combination of public and private keys. These […]
Ad-tech market leader, Globale Media, opens presence in UAE
Globale Media, one of India’s largest AI-driven mobile advertising platforms, today announced that it has started operations in the UAE to extend services across the MENA region by expanding their network of advertisers and publishers. The ad-tech platform has been shaking up the advertising world with its avant-garde user-acquisition strategies for advertisers in India and […]
Arab Bank Group reports first quarter 2022 net profit of $166mln
Arab Bank Group reported net income after tax for the first quarter of 2022 of $166 million as compared to $128.3 million for the prior period, recording an increase of 29.4%. The Group loan portfolio grew by 5% to reach $35.2 billion as of March 31, 2022 compared to $33.5 billion for the same period […]
Dubai Customs celebrates World Intellectual Property Day 2022
Dubai Customs organized its annual IP celebration on the occasion of the World Intellectual Property Day 2022 under the theme IP and Youth Innovating for a Better Future’ at the Museum of the Future. H.E. Ahmed Mahboob Musabih, Director General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation, H.E. Ahmad bin Lahej Al Falasi, Acting Director General […]
AMA partners with Technext’s Coinference 2022
African Media Agency, a leading pan-African PR and communications firm, today announced its partnership with Africa’s premium tech-driven media house, Technext. The partnership aims to share stories demonstrating the utility and benefits of digital currency, while providing visibility to Coinference 2022, set to take place on 3rd October 2022. Coinference 2022 is dedicated to educating African audiences […]