Daily Archives: March 18, 2025

Business & Investments

Visa Stay Secure: Consumers Embrace Security Measures as Digital Payments Adoption is Set to Grow in the UAE

  • 99%ofsurveyed consumers in the UAE take precautions to secure payments
  • 77%of respondents trust digital payments and81% expect to use them more in the next 12 months
  • 86%of respondents in the UAE feel more secure making online payments when required to enter a text code or click a link to confirm their identity

Dubai, UAE, March 18, 2025: A new study commissioned byVisa reveals a rise in consumer awareness and proactive security measures for digital payments inthe United Arab Emirates (UAE).The ninth annual Stay Secure study, which surveyed 5,800 adults across 17 CEMEA markets, found that 99% of consumers in the UAEnow actively take precautions to secure their online transactions, showcasing increased savviness as digital payments gain momentum.

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Business & Investments, Technologies

Bitget Hosts First-Ever Ramadan Iftar Night in Dubai for MENA Community, Raising Funds for 100,000 Meals 

Bitget Hosts First-Ever Ramadan Iftar Night in Dubai for MENA Community, Raising Funds for 100,000 Meals 

Victoria, Seychelles, 18th March, 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, hosted a Ramadan Iftar night, gathering blockchain pioneers, crypto investors, and industry experts for an evening of networking, collaboration, and reflection. The event highlighted the spirit of Ramadan while aligning with Bitget’s broader initiative to donate 100,000 meals to vulnerable communities. The event is co-hosted with Cypher Capital and IO.net.

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Business & Investments

Boosting safety and innovation in the Middle East maritime sector

Boosting safety and innovation in the Middle East maritime sector

Maritronics’ in house brand ‘EDGE’obtains its first prestigious ‘LR Type Approval’ certification

  • The certification increases the company’s credibility as a trusted partner for shipbuilders, vessel operators and system integrators globally
  • Middle East and Africa’s marine vessel market is projected to reach USD 13.24 billion by 2030

March18, 2025

Maritronics, a leading provider of marine navigation, communication, automation and calibration solutions, and a subsidiary of Centena Group, obtained the prestigious Lloyd’s Register (LR) Type Approval for its in house product ‘Fiber Optic Gyro’ (FOG)UDHAKSX1, under its in house brand‘EDGE’. This significant accreditation for the EDGE brand affirms the product’s compliance with stringent industry regulations and highlights its robust product design and manufacturing quality, reaffirming the Maritronics’ adherence to the highest global standards of safety and reliability.

Philip Cherian, CEO of Maritronics

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Technologies

Microsoft launches new Surface Copilot+ PCs for Business to empower professionals across the Middle East to enhance productivity and accelerate AI innovation

The integration of Intel Core Ultra (Series 2) processors ensures that these devices offer unparalleled speed and efficiency, making them ideal for multitasking, data analysis, and creative work

18 March, 2025; Dubai, UAE –Microsoft today announced the general availability of its latest Surface for Business Copilot+ PCs, featuring the powerful Intel Core Ultra (Series 2) processors. This new lineup includes the Surface Laptop, Surface Pro, and Surface Laptop with 5Gcoming soon, designed to meet the diverse needs ofprofessionals across the Middle East by empowering them to enhance their productivity and accelerate AI innovation.

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Business & Investments

GII Saudi Arabia plans to double its US investments in the next four years

  • GII has current US investments in New Jersey and Florida, plus the award-winning California-based EduTech provider zSpace, which launched a successful IPO on NASDAQ (New York) in late 2024
  • GII group is exploringinvestments inUS private equity and private debt opportunities

18 March2025: Riyadh, Kingdom of Saudi Arabia–Gulf Islamic Investments group (GII) plans a significant expansion of its US assets, aiming to double its existing portfolio of $750 million through GII Saudi Arabia in the next four years.

The successful public offering of an allocation of zSpace’s shares on the US NASDAQ in December 2024 brought GII to US public attention, in addition to several earlier US transactions.  GII’s expansion aims to focus on new investments in the US logistics, education and food production and processing sectors. 

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