Monthly Archives: December 2024

Technologies

Zoho Finance and Operations suite achieves 65% revenue growth in the UAE

Zoho Finance and Operations suite achieves 65% revenue growth in the UAE Major Updates to Zoho Books, Zoho Inventory, and Zoho Practice Further Strengthen the Finance and Operations Platform

Dubai, UAE —Dec 16, 2024—Zoho, a global technology company, today announced that its finance and operations suite has achieved 65% growth in recurring revenue last year in the UAE. The company also announced the addition of key product capabilities in its VAT-compliant accounting solution Zoho Books, inventory management solution Zoho Inventory, and practice management app for accountants Zoho Practice. The newly-launched capabilities aim to help businesses and accountants enhance operational efficiency, simplify routine financial tasks, ensure regulatory compliance, and streamline internal processes.

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Education

Canadian University Dubai launches Masters in Artificial Intelligence program

Canada’s world-leading AI ecosystem inspires New Master of Science degree in Dubai

December 16,2024 : Dubai, UAE: Canadian University Dubai (CUD) has announced the launch of a cutting-edge Master of Science in Artificial Intelligence (MScAI) degree to meet the growing demand for advanced skilled in this rapidly evolving field. The industry-oriented program, developed in collaboration with CUD and its Canadian partners, aligns seamlessly with Canada’s leading role in the strategic advancement of AI globally.

Dr. Sherif Moussa, Dean of CUD’s School of Engineering, Applied Science and Technology

The curriculum also supports the UAE National Strategy for Artificial Intelligence 2031, which aims to transform the nation into a world leader in AI, and to align with the World Economic Forum Future of Jobs Report, which identifies AI as a key driver of job creation.

Canadian University Dubai (CUD) has announced the launch of Master of Science in Artificial Intelligence (MScAI) degree to meet the growing demand for advanced skilled in this rapidly evolving field.

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Real Estate

MERED partners with SERA Group to deliver the ICONIC Residences designed by Pininfarina

17 December 2024; Dubai, UAE – MERED, the reputed international real estate developer, has officially announced SERA Group, a leading name in the Turkish construction industry, appointing them as the general contractor for its flagship project ICONIC Residences, design by Pininfarina, a residential landmark set to redefine luxury living in Dubai Internet City.

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Business & Investments

UAE Payments Revenue Pool Projected to Reach $27.3 Billion by 2028, Maintaining Strong Growth Trajectory

  • The UAE’s payments revenue reached $18.8 billion in 2023 and is projected to grow to $27.3 billion by 2028, with a compound annual growth rate (CAGR) of 7.8%.
  • Transaction volumes in the UAE are expected to increase by 78%, reaching 3.1 billion by 2028.
  • Global payments revenues are forecast to rise from $1.8 trillion in 2023 to $2.3 trillion by 2028 at a slower CAGR of 5%.
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Health Care

Saudi Response Plus Medical provides robust emergency medical cover for Soundstorm ’24

Riyadh, December 16, 2024: Saudi Response Plus Medical Services (Saudi RPM) – a leading healthcare provider in the region and a subsidiary of Response Plus Holding PJSC, has successfully supported the recently-concluded MDLBeast Soundstorm ’24, the annual music festival held in Banban, Riyadh, with a robust contingent of best-in-class emergency medical solutions.

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