Daily Archives: May 17, 2024

Business & Investments

The Hinduja Family Secures Top Spot on the Sunday Times Rich List 2024

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The Hinduja Family Secures Top Spot on the Sunday Times Rich List 2024

Dubai/Mumbai, 17 May, 2024: The Hinduja family led by Mr. Gopichand Hinduja, Chairman of the Hinduja Group, a 110-year-old multinational conglomerate with a multi-billion dollar turnover, has topped the Sunday Times Rich List at £37.196 Billion.

The Sunday Times Rich List compiles the net wealth rankings of the top 1,000 individuals or families residing in the United Kingdom, highlighting the wealthiest among them. This prestigious ranking is a testament to the Hinduja Groups remarkable achievements and outstanding success in the world of business.

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Business & Investments

Noatum Launches Maritime Services in Türkiye

Noatum Launches Maritime Services in Türkiye

New Office Strengthens Noatum’s Integrated Maritime Agency Services across the Mediterranean Region

Madrid, Spain/Istanbul, Türkiye – 17 May 2024: Noatum, a leading multinational provider of integrated port operations, maritime, and logistics services, and an AD Ports Group company, announced the inaugural launch of Noatum Maritime’s office in Türkiye.

Launch of the new office, to be led by Noatum Maritime, a core business unit of Noatum, will serve as an important step towards broadening the company’s reach in key regional markets with focus on strengthening its comprehensive maritime agency services in the Mediterranean region. In addition, Noatum Maritime’s entry into Türkiye’s market is aligned with AD Ports Group’s vision for international expansion and presence across major global markets and trade lanes already connected to, or offering strong prospects to connect to, the UAE.

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Technologies

Presight to showcase cutting-edge public safety solutions at ISNR

Presight to showcase cutting-edge public safety solutions at ISNR

Abu Dhabi, United Arab Emirates, May 17th, 2024: Presight, the region’s leading big data analytics company powered by generative artificial intelligence (GenAI), proudly announces its inaugural participation at the International Exhibition for National Security and Resilience (ISNR) in Abu Dhabi, reaffirming its commitment to revolutionizing the national public safety ecosystems.

ISNR serves as a pivotal platform, uniting national and cyber security officials, buyers, and supply chain stakeholders from both public and private sectors. This year’s event, scheduled from May 21 to May 23 at the Middle East’s largest exhibition venue, ADNEC Centre in Abu Dhabi, promises to be a dynamic convergence of industry leaders and innovators shaping the future of security and resilience.

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Business & Investments

Exploring Performance of USD, US Stocks Amid Rate Outlook in Eventful Week

Exploring Performance of USD, US Stocks Amid Rate Outlook in Eventful Week

Mohamed Hashad, Chief Market Strategist, Noor Capital.

The number of Jobless Claims increased to almost 1.8 million for this week on Thursday’s data, and this is not exactly encouraging. Yet, the US Dollar Index is 0.32% up, above the 104.60 mark at the time of writing.

Following a sharp decline, the dollar is maintaining modest gains on Thursday as the most recent Consumer Price Index (CPI) indicated that the disinflationary trend had resumed in April. With recent data showing some weakening in the economy on all fronts, the pieces are beginning to fit together, and the lower CPI put clarified the broader picture.

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Business & Investments

Cessation of Activities by Venom Foundation in ADGM

Cessation of Activities by Venom Foundation in ADGM

Abu Dhabi, UAE, 17th May 2024 – The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) wishes to inform members of the public that Venom Foundation, an ADGM registered foundation with registration number 000008382 (Venom Foundation ADGM), is no longer conducting any activities in ADGM having voluntarily cancelled its commercial licence in February 2024 and appointed a liquidator in March 2024 to wind down the foundation.

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