Monthly Archives: February 2025

Business & Investments

Visa and ADIB Sign MoU at World Governments Summit 2025 to Enhance Cybersecurity with Threat Intelligence Solution  

Dubai, UAE – 20 February 2025 – Visa (NYSE: V), a global leader in digital payments, signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB) to collaborate on an enhanced threat intelligence solution and integrate its advanced cybersecurity capabilities with digital payments. This strategic partnership aims to bolster ADIB’s cybersecurity architecture, enhancing security for ADIB cardholders’ payments and transactions in the UAE.

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Featured

IOC and TCL announce long-term global TOP Partnership through to 2032

Dubai – February 21, 2025: The International Olympic Committee (IOC) today announced a Worldwide Olympic Partnership with global technology company TCL through to 2032. TCL will be the official Worldwide Olympic and Paralympic Partner in the Home Audiovisual Equipment and Home Appliances category.

TCL products will drive new experiences for fans and athletes, from digital displays at the Olympic and Paralympic to household appliances in the Olympic Village. Through this new partnership, the organisations will also work together to bring the magic of the Olympic and Paralympic to billions of fans around the world through innovative marketing campaigns. TCL will play an important role as the IOC progresses its Olympic AI Agenda – including supporting fan and athlete experiences on site and at home. TCL will also support the “Athlete Moments” initiative at the Olympic Games, which allows athletes to connect with loved ones around the world immediately after their competition. 

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Business & Investments

Al Esely Group Celebrates 35 Years of Excellence and Unveils an Ambitious Vision for Global Expansion by 2035

On the Sidelines of Gulfood 2025 in Dubai, with Attendance from Global Business Leaders

Dubai – In a grand event at Gulfood 2025 in Dubai, Al Esely Group celebrated its 35th anniversary, marking a journey of remarkable achievements and leadership in meat trading, fruits, and import-export. The celebration showcased the group’s ambitious vision for the future, extending to 2035, and attracted a distinguished audience of global business leaders and prominent personalities, further cementing its leadership position in local and international markets.

Recognition of Al Esely Group’s Impact on the Egyptian Market

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Business & Investments

Gulf Craft and Dubai Institute of Design and Innovation (DIDI) Announce Collaboration to Drive Innovation in Yacht Design

Dubai, UAE – 21st February 2025 – Gulf Craft, a global leader in yacht and boat manufacturing, has once again joined forces with the Dubai Institute of Design and Innovation (DIDI) to foster innovation, talent development and educational excellence within the yacht and boat industry. Announced during a formal signing ceremony at the Gulf Craft stand on the second day of the Dubai International Boat Show (DIBS), this milestone marks the third consecutive year of collaboration between the two institutions.

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Business & Investments

Cashfree Payments Raises USD 53 million; Part of Funding to Accelerate Expansion in UAE and Middle East region

  • Funding Round Led by KRAFTON with participation from existing investor Apis Partners
  • Cashfree annually processes USD 80 billion payments to businesses, including in MENA

Akash Sinha, CEO & Co-founder, Cashfree Payments,

Dubai, February 21, 2025: Payments company Cashfree Payments, which processes USD 80 billion in payments annually today said it has raised USD 53 Million in funding, a part of which will help accelerate its expansion and market presence in the UAE and the Middle East region, a rapidly growing hub for digital payments and financial innovation.

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