Monthly Archives: October 2024

Business & Investments

Mashreq’s 9M 2024 Profit Before Tax Rises 9% YoY to AED 6.5 Billion

Mashreq’s 9M 2024 Profit Before Tax Rises 9% YoY to AED 6.5 Billion, reflecting strong business activity in a healthy business environment

·       Increased operational activities drives revenue growth: Net Interest Income (NII) increased by 13% year-on-year, propelled by sizable balance sheet expansion and sustained healthy client margins. This growth underscores our effective asset-liability management and strategic focus on core lending activities. In addition, non-interest income surged by 21% compared to the previous year, now comprising 30% of the total operating income. This significant contribution reflects our success in diversifying revenue streams through enhanced fee-based services and other non- interest-generating activities.

Continue reading Mashreq’s 9M 2024 Profit Before Tax Rises 9% YoY to AED 6.5 Billion →
Real Estate

Abu Ghazaleh Investments and Palace Group Unveil Plans For The Cliffs

Abu Ghazaleh Investments and Palace Group Unveil Plans For The Cliffs, A $1.1 Billion Ultra-Luxury Residential Development in Dubai

Acclaimed Architects Kohn Pedersen Fox Appointed to Design Landmark Development Along the Dubai Water Canal

Dubai, United Arab Emirates (30 October 2024) – AGI Palace Group, the joint venture formed by Abu Ghazaleh Investments (AGI), the Dubai-based family-owned investment company, and ultra-prime developer Palace Group, have named New York-based architects Kohn Pedersen Fox (KPF) to lead the design of its inaugural joint venture project along the Dubai Water Canal – The Cliffs.

Continue reading Abu Ghazaleh Investments and Palace Group Unveil Plans For The Cliffs →
Health Care

Under the Patronage of His Highness Sheikh Hamdan bin Mohammed, the Healthcare Future Summit 2024 Kicks Off

  • His Excellency Awadh Seghayer Al Ketbi Inaugurates the Healthcare Future Summit at Dubai World Trade Centre
  • Al Ketbi: Dubai is the ideal global centre for organising and hosting summits and events.

Dubai, United Arab Emirates, October 29, 2023: His Excellency Awadh Seghayer Al Ketbi, Director General of the Dubai Health Authority, inaugurated the Healthcare Future Summit 2024 in Dubai today. The three-day summit is held under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai. Under the theme “Vaccination, Research & Development, Policy, and Delivery: Towards a Healthier Future,” the summit is taking place at the Dubai World Trade Centre, with over 5,000 attendees and 112 brands representing more than 70 countries.

Continue reading Under the Patronage of His Highness Sheikh Hamdan bin Mohammed, the Healthcare Future Summit 2024 Kicks Off →
Technologies

Geidea and tpay partner to transform digital payments in KSA, Egypt, & UAE

Geidea and tpay partner to transform digital payments in KSA, Egypt, & UAE Expanding financial access with a comprehensive suite of payment solutions

Dubai, UAE, Oct 29, 2024 — With digital payments in the Middle East, Turkey, and Africa (META) projected to grow at a compound annual rate of approximately 17.7% from 2023 to 2030, the region’s payment landscape is set for substantial evolution. Geidea, one of the region’s leading financial technology companies, has announced a strategic partnership with tpay, the leading payment connector in the region. Together, they aim to reshape the digital payments space by offering an integrated suite of payment methods, including Direct Carrier Billing (DCB), card payments, and e-wallets, all accessible through a single aggregator. This collaboration is designed to enhance the payment experience for merchants and consumers while driving financial inclusion across the region.

Continue reading Geidea and tpay partner to transform digital payments in KSA, Egypt, & UAE →
Technologies

زوهو كوربوريشن تستفيد من منصة “نيمو” من إنفيديا لبناء نماذج لغوية كبيرة

دبي، 29 أكتوبر 2024: أعلنت زوهو كوربوريشن، وهي شركة تكنولوجيا عالمية تتخذ من تشيناي مقراً لها، اليوم أنها ستستفيد من منصة الحوسبة المسرّعة “إنفيديا إيه آي”، والتي تشمل “إنفيديا نيمو”، وهي جزء من منصة برنامج “إنفيديا إيه آي إنتربرايز”، وذلك لبناء ونشر نماذجها اللغوية الكبيرة في تطبيقات البرمجيات كخدمة SaaS الخاصة بها. وبمجرد بناء ونشر نماذج اللغة الكبيرة، فإنها ستصبح متاحة لعملاء زوهو كوربوريشن البالغ عددهم أكثر من 700،000 عميل عبر أقسام “مانيج إنجن” ManageEngine والموقع الإلكتروني للشركة Zoho.com على مستوى العالم. وخلال العام الماضي، استثمرت زوهو كوربوريشن ما يزيد عن 10 ملايين دولار في تكنولوجيا الذكاء الاصطناعي ووحدات معالجة الرسوميات من شركة “إنفيديا” العالمية، وتخطط لاستثمار مبلغ إضافي قدره 10 ملايين دولار خلال العام المقبل. وجاء هذا الإعلان على هامش قمة الذكاء الاصطناعي لـ “إنفيديا” في مومباي.

Continue reading زوهو كوربوريشن تستفيد من منصة “نيمو” من إنفيديا لبناء نماذج لغوية كبيرة →