Daily Archives: December 17, 2024

Real Estate

Object 1 achieves massive year-over-year growth in Dubai’s premium real estate sector

Dubai, UAE, December 17, 2024: Object1, a fast-growing real estate developer, is making waves in Dubai’s thriving real estate market with remarkable growth and excellent projects. In just the past year, Object 1 has achieved unprecedented milestones, solidifying its position as a key player in the UAE’s dynamic real estate landscape.

Object 1 has launched over 9 high-quality projects and expanded its market share in key locations in Dubai. The company’s sales value grew by an impressive 913% year-over-year, solidifying its position as a premium real estate sector leader. The company has successfully sold over 860 units, with a 1059% increase in sales volume from the previous year. The developer’s portfolio spans residential properties and mixed-use developments, which has attracted strong demand, showcasing the market’s confidence in its offerings. This performance reflects not just growth but also the value Object1 has provided to its clients.

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Business & Investments

Swisslog to build new automated frozen food warehouse for Gias Srl

17 December 2024 – Gias Srl, a leading Italian company in the frozen food industry, has partnered with Swisslog to construct an advanced automated warehouse for frozen, semi-finished and finished products. Specializing in frozen vegetables, Gias supplies its products to retail, industrial, and catering customers worldwide.

This strategic investment marks a significant step in Gias’ automation journey, with the company’s vision for sustained growth. The new facility will be key in supporting anticipated demand and enhancing operational efficiency.

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Technologies

UAE-Founded Revibe Raises US$7Million Series A to Expand Sustainable Tech Business

  • By offering guarantee-backed refurbished devices the company has helped save over 4 million kgs of CO2 emissions while delivering savings of over US$14million to UAE consumers
  • This round adds to the US$2.3 million the firm raised in seed funding last year, and will be directed towards expansion of geographic footprint,and customer care and quality assurance teams

Dubai, United Arab Emirates – December 17, 2024 –Inless than two years since its launch, UAE-founded Revibe, the leader in guarantee-backed refurbished tech, has marked another milestone,having recently closed its Series A of US$7million in a round co-led by ISAI and Resonance, and featuring prominent investors such as Kima Ventures and Edouard Mendy. This follows a year of strongrevenue growth for the company. The fresh infusion of funds now strongly positions Revibeas the leader in the MENA region’s US$6billion refurbished consumer electronics segment.

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Health Care

Mecomed Joins Global Harmonization Working Party (GHWP) To Advance Medical Device Regulation Standards

December17, 2024, Dubai, UAE – Mecomed, a Medical Technology Association in the Middle East and Africa, has joined forces with the Global Harmonization Working Party (GHWP) as a Liaison Member. This powerful alliance marks a major milestone in advancing medical device regulation, accelerating efforts towards global regulatory convergence and harmonization, and ultimately transforming healthcare standards both regionally and globally.

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Technologies

6 key technology trends affecting the security sector in 2025

Written by:

  • Johan Paulsson, CTO, Axis Communications
  • Mats Thulin, Director Core Technologies, Axis Communications
  • Thomas Ekdahl, Engineering Manager, Axis Communications

We’ve once again reached the time of year when we look ahead to some of the technology trends that will affect the security sector over the coming 12 months. The pace of change is as fast as ever.

Some of the trends are evolutions of those we’ve seen in previous years. An obvious one is the continued interest in how AI will be applied in our sector, and we’ve highlighted some of the new considerations that will need to be addressed moving forwards. Others are new, or even a resurgence of topics we may not have focused on for a while.

National and regional legislators will once again try to keep pace with technological innovation. AI, cybersecurity, privacy, the need for resilience in critical entities… All these (and more) will be the focus of proposed and new regulation. We haven’t highlighted this as a specific trend, but it’s no less a priority and something every organization will need to respond to. 

We believe that within all of these trends lies significant opportunity for the sector. For our customers that means enhanced capabilities, more flexibility, greater efficiency and increased value.

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