Monthly Archives: January 2024

Technologies

Gartner Says Worldwide PC Shipments Increased 0.3% in Fourth Quarter of 2023 but Declined 14.8% for the Year

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Gartner Says Worldwide PC Shipments Increased 0.3% in Fourth Quarter of 2023 but Declined 14.8% for the Year

PC Market Shows Signs of Recovery After Eight Straight Quarters of Decline

Mikako Kitagawa

Dubai, UAE., January 12 2023 — Worldwide PC shipments totaled 63.3 million units in the fourth quarter of 2023, a 0.3% increase from the fourth quarter of 2022, according to preliminary results by Gartner, Inc. This marks the first time that quarterly shipments have increased after eight straight quarters of decline. For the year, PC shipments reached 241.8 million units in 2023, a 14.8% decrease from 2022. This marks the first time that shipment volume has dipped below 250 million since 2006, when 230 million units were shipped.

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Business & Investments

ADQ and ADNEC Group enter into definitive agreements

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ADQ and ADNEC Group enter into definitive agreements to acquire a 40.5 percents take in TMG Holding’s hospitality business in Egypt

  • Acquisition of the stake through a capital increase in TMG Holding’s hospitality arm, ICON,will help continue the development of the luxury hospitality industry in Egypt
  • The transaction will also involve the acquisition of a stake in seven iconic heritage luxury hotels in Egypt which are currently owned by the Egyptian Government through ICON

Abu Dhabi, UAE –12January 2024:ADQ, an Abu Dhabi-based investment and holding company, andADNEC Group (“ADNEC”) today announced the signing of definitive agreements for the strategic acquisition of a 40.5 percent stake in Egypt-based Talaat Moustafa Group Holding’s (“TMG Holding”) hospitality arm, ICON Group (“ICON”) through a capital increase. ADQ and ADNEC will invest through a special purpose vehicle, with 49 percent equity ownership by ADQ and 51 percent equity ownership by ADNEC.

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Featured

Uniting Global Innovators, Artistry, and Sustainable Impact

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Uniting Global Innovators, Artistry, and Sustainable Impact
Lan Tschirky Elevates Davos Dialogue with Lan.Space Summit

Dubai, UAE: As an accomplished investor, patron of the arts, and philanthropist, Lan Tschirky proudly presents her annual showcase during the World Economic Forum of The Lan.Space, a Davos-based event space and online network of influential thought leaders, ministers, artists, impact investors, and startups.

Lan.Space Summit and Gala highlight the theme of “The Roots of Human investment” creating an experience of the intersection of innovation, health, longevity, art, and community, uncovering sustainable investment strategies and hidden impact treasures.

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Food & Dining

Tata Soulfull launches in UAE and Kuwait

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Tata Soulfull launches in UAE and Kuwait

Award-Winning Millet-Based Snacks and Cereals Now Available Across Major Supermarkets and Retailers

Dubai, United Arab Emirates, 12th January 2024 – Tata Soulfull, a pioneer in the good-for-you Snacks and Breakfast Cereals segment, has launched in the GCC. Tata Soulfull is part of Tata Consumer Products Limited- a focused consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella.

Signature products from Tata Soulfull’s award-winning portfolio of millet-based snacks and cereals are now available across the UAE and Kuwait with plans to expand further across the GCC over the next 6-12 months.

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Sports & Recreations

English Path Sponsors “Ride for Unity: 7 Days/7 Emirates”

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English Path Sponsors “Ride for Unity: 7 Days/7 Emirates”

School Champions Unity and Diversity through “Ride for Unity” Cycling Event

Dubai, UAE, 12 January 2024: English Path, a leading English language school and integral part of the Global Education Group (Gedu), is proud to announce its sponsorship and participation in the groundbreaking event, “Ride for Unity: 7 Days/7 Emirates.” This initiative aligns seamlessly with English Path’s mission of changing lives through education and the belief that English is often the first step towards greater understanding and unity.

The “Ride for Unity: 7 Days/7 Emirates” is a unique cycling tour across the United Arab Emirates, scheduled for January 2024. This event brings together 17-20 main athletes from diverse fields, unified by their love for sports and driven by a mission to promote values of unity, inclusion, tolerance, and sustainability.

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