Author: Mahdeehassan
This introduction underscores the UAE as pivotal in SOUEAST Motor’s strategic expansion plan Dubai, UAE: Elite Group Holding Ltd. and SOUEAST Motor marked an important milestone in their collaborative journey by signing a strategic partnership agreement. This significant partnership formalised on August 7 at the prestigious Bvlgari Yacht Club, celebrated a remarkable milestone for the group and the automotive brand. SOUEAST Motor’s entry into the UAE with Elite Group Holding is set to introduce a new standard of premium mobility solutions with its “EASE YOUR LIFE” proposition, which prioritises stylish design, comfortable driving, and advanced technology. Featuring the latest powertrains and new…
Arabian Mills for Food Products Company (“Arabian Mills” or the “Company”), one of the market-leading flour milling companies in the Kingdom of Saudi Arabia (“KSA” or the “Kingdom”), announces its intention to proceed with an initial public offering (“IPO” or “Offering”) and the listing of its ordinary shares (“Shares”) on the Main Market of the Saudi Exchange (“Tadawul”). On 24 June 2024G, the Capital Market Authority (the “CMA”) approved the Company’s application for registering its shares and the Offering of fifteen million three hundred and ninety-four thousand five hundred and two (15,394,502) Shares (“Offer Shares”), representing 30% of the Company’s…
SAMI CEO Walid Abukhaled discusses corporate efforts and Vision 2030 goals in an interview with Oxford Business Group Riyadh, August 2024: Oxford Business Group (OBG) delves into Saudi Arabia’s strategic initiatives for defence sector advancement in its latest interview with Walid Abukhaled, CEO of Saudi Arabian Military Industries (SAMI). The discussion explores the Kingdom’s efforts to enhance private sector engagement and increase domestic military manufacturing capabilities. In the interview, Abukhaled highlights the positive influence of Vision 2030 on the Kingdom’s economic development, with a target of 50% localisation in defence spending by 2030. A 15% localisation rate has already been…
Dubai, UAE – Merchlist, a recognized leader in the custom branded merchandise and promotional products industry, is proud to announce the expansion of its market presence across the Gulf Cooperation Council (GCC) region, particularly in the United Arab Emirates (UAE) and Saudi Arabia. This strategic expansion is aimed at delivering high-quality, culturally relevant corporate gifting and custom promotional products tailored to meet the unique business needs of these key markets. Expanding Presence in the GCC Market Merchlist has long been a trusted name in the Middle East, providing innovative and customized branding solutions for companies looking to make a lasting…
Dubai, UAE – August 2024: Yango Play, the first AI-powered entertainment super app that combines video streaming, live TV channels, music, and mini-games, has introduced smart features that will take your music experience to the next level along with new tracks, albums, and special playlists. Curated by My Vibe, the app’s AI music recommendation feature that dynamically adapts to each listener’s preferences and mood shifts, creates the soundtrack to your life. Whether you’re getting pumped for a workout, cruising to work, or just chilling at home, Yango Play has millions of tracks and new AI-generated playlists so you’ll never run out of…
August –HID, a worldwide leader in trusted identity solutions, today announced it has acquired Sewio Networks (Sewio), a leading provider of Ultra-Wideband (UWB) Real Time Location Systems (RTLS) platforms for asset management, intralogistics, and improved overall equipment effectiveness (OEE). The addition of Sewio expands HID’s growing RTLS portfolio, particularly for asset tracking use cases in automotive and manufacturing. “Welcoming the Sewio team into the HID family reinforces our commitment to being a major player in the RTLS space,” said Björn Lidefelt, EVP and Head of HID. “With Sewio’s technology and expertise, we are in a better position to help automotive and manufacturing customers enhance…
In 2024, Storyderm’s Princess Peel has been newly renewed. This renewal features the application of precise and uniformly sized white spicules and the enhancement of detoxification through 99.9% pure gold ionization, which also promotes blood circulation. Additionally, the focus has been placed on promoting skin turnover, thereby activating new cells. The white spicules in Princess Peel are extracted from freshwater sponge organisms and are very small (80-300 ㎛), precise, and uniform, with pointed ends in the form of Monaxons. These spicules are created when the sponge organisms are dried and ground into powder, and they are beneficial for certain skin…
Hyatt Regency Dubai, nestled in the bustling heritage district, presents an enticing selection of dining experiences for August 2024. Featuring an assortment of unique promotions and events, guests can expect a diverse range of culinary delights and unparalleled service across our esteemed dining venues. From brunches with stunning views to authentic Japanese dinners and sunset cocktails, there’s something to suit every palate. “At Hyatt Regency Dubai, our goal is to provide guests with exceptional dining experiences that embrace both global and local flavors,” said Tarek ElTokhey, Director of Food and Beverage & Events. “Our August offerings are crafted to highlight…
Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), presented a Green Certificate to Tensor Engine Cloud Services L.L.C, a company specialized in artificial intelligence technologies in the field of cloud computing security and dedicated to innovation and sustainability. The Green Certificate was presented by Sultan Al Ali, Director, Digital Business at Moro Hub to Roman Konstantinov, CEO of Tensor Engine Cloud Services L.L.C. This initiative aims to recognize the company’s commitment to developing sustainable technologies that enhance energy efficiency and reduce carbon emissions by hosting its state-of-the-art high-performance AI servers on…
Tesla Motors (TSLA) has been having its fair share of troubles in 2024 as the entire electric vehicle (EV) industry has been facing a slowdown. Despite the trend, Finbold’s research found that competition has only grown stiffer and has managed to significantly reduce the market dominance in the US of Elon Musk’s EV maker from 74.8% at the start of 2022 to 49.7% in the second quarter of 2024. In fact, even before the so-called ‘EV winter’ started, other companies have been displacing Tesla, and its market share dropped in six out of the previous nine quarters, with the single biggest decline…