Author: Mahdeehassan

Dubai: 7X, the trade, transport and logistics holding group, officially launched its new national network for logistics (NXN), coinciding with the 28th Universal Postal Congress – Dubai 2025, which is being hosted by the UAE and organised by 7X in collaboration with the Universal Postal Union (UPU). NXN will serve as a new benchmark in the postal, parcel, and logistics services, bringing together local and international service providers to offer their services through the NXN network. Built on a hybrid physical-digital infrastructure, the NXN provides individuals, businesses and the eCommerce sector with a seamless, unified experience for sending, receiving, storing parcels and fulfilling…

Riyadh, Saudi Arabia – The Saudi Esports Federation and Merak Capital have announced the signing of a strategic Memorandum of Understanding to accelerate the growth of the Kingdom’s gaming and esports sector. The agreement reflects the federation’s leadership in shaping the ecosystem and Merak Capital’s commitment to investing in technology-driven companies, creating a framework that advances talent, startups, and innovation in alignment with Saudi Vision 2030. This partnership builds on the initiatives launched by Merak Gaming Fund, an $80 million investment fund established under the Gaming and Esports Financing Program, which is overseen by the National Development Fund in cooperation with…

Dubai, UAE – Cercli, the all-in-one HR platform for Middle Eastern businesses to run and pay their local and global workforces, announces rapid growth and exciting platform updates as it solves HR problems for companies across the region. Backed by Y Combinator, Cercli raised a $4 million seed round last September with support from Silicon Valley-based Afore Capital – making its first investment in MENA – and COTU Ventures. Since then, Cercli has been delivering in its first market, the UAE, with strong growth, major product upgrades, and plans underway for regional expansion. Since its September 2024 fundraise, Cercli has achieved…

Cairo: Valu, MENA’s leading universal financial technology powerhouse, announced today its outstanding financial and operational results for the first half of 2025, marking its first earnings release since becoming a publicly listed company on the Egyptian Exchange (EGX). Total Loans during 1H25 issued reached EGP 8.9 billion, up 60% Year-on-Year (Y-o-Y), with gross revenue for the period reaching EGP 2.6 billion, up 94% Y-o-Y, while net income surged to EGP 341 million, reflecting a 64% increase versus the same period last year. Gross Merchandise Value (GMV) during 1H25 stood at EGP 10.6 billion, an 80% rise from 1H24, driven by a 133% increase in transactions to 3.6 million, bringing its GMV…

Dubai, UAE: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced that it has been mandated as the lead cash management service provider for the entire UAE financial operations of the Kimera Group. As part of the collaboration, Emirates Islamic will provide Kimera Group with a comprehensive suite of innovative digital and operational solutions, including access to its digital banking platforms businessONLINE and smartTRADE, Smart Cash Deposit Machines (SCDM), Cheque Scanning ICCS and Remote Cheque Printing, thus delivering seamless and intelligent solutions tailored to Kimera Group’s specific needs. In addition, the Bank will also facilitate Payroll…

Cairo: Mountain View continues to reinforce its position as a leading real estate developer in the Egyptian market, announcing exceptional sales of EGP 65 billion in H1 of 2025, including EGP 45 billion in Q2 alone. This milestone reflects the strong and growing demand for the company’s developments, underscoring the sustained confidence of its customers and its vision to deliver fully integrated, premium communities. This outstanding performance is driven by robust year-over-year growth. In the first half of 2024, the company achieved sales of approximately EGP 37.9 billion, representing a 71.5% increase year-over-year, a testament to Mountain View’s successful expansion strategy,…

Abu Dhabi, UAE – Etihad Airways, the national airline of the United Arab Emirates, has released its traffic statistics for July 2025, reporting continued growth in passenger volumes and network expansion. In July, Etihad carried 2.0 million passengers, a 19 per cent increase compared to July 2024, when the airline flew 1.7 million guests. The passenger load factor rose to 90 per cent, up from 89 per cent in the same month last year, reflecting strong demand and efficient capacity management. Etihad’s operating fleet now stands at 111 aircraft, supporting a growing network of 81 passenger destinations, up from 76 a…

SBC Summit 2025’s Global Markets Stage will conclude with a focused look at the North American sports betting and iGaming market, one of the industry’s most commercially significant and complex regions. Taking place on Thursday, 18 September at the Feira Internacional de Lisboa (FIL), the Global Markets: North America track will round off three days of market-focused content covering Latin America & Brazil, Western Europe and North America. With a combined value of $23.44 billion, the US and Canadian markets are shaped by fierce competition, patchwork regulation, and steep entry costs. Yet, for those able to stand out and innovate, the long-term upside is significant. …

Dubai, United Arab Emirates – Sophos, a global leader of innovative security solutions for defeating cyberattacks, today announced a strategic threat intelligence sharing partnership with Halcyon, the leading anti-ransomware solution provider. This collaboration brings together two of the most experienced teams in ransomware defense to accelerate detection, enhance protection, and improve response capabilities for more than 300,000 organizations worldwide. The collaboration between Sophos and Halcyon will exchange threat intelligence in real time, including indicators of compromise (IOCs), adversary behaviors, and attack patterns, to enhance ransomware prevention and accelerate response time. Following Halcyon’s recent announcement of a community-focused Ransomware Research Center, this…

Abu Dhabi, United Arab Emirates: National Central Cooling Company PJSC (DFM: TABREED / ISIN: AEA002201018), the world’s leading and most diversified district cooling company, today announced the results for the six-month period ended 30 June 2025, reporting revenues of AED 1.11 billion and a net profit of AED 276 million. The results reflect strategic momentum across Tabreed’s platform, with improved margins, cost discipline and sustained demand, laying the foundation for continued growth. Group revenue rose to AED 1.11 billion in H1 2025, marking a 3% year-on-year increase driven by higher cooling demand and significant capacity additions across key markets. Consumption…