Monthly Archives: March 2025

Technologies

Trend Micro Predicts Rise of Deepfake-Powered Malicious Digital Twins

Over 188 million threats were blocked in the region during H1 2024 by Trend Micro, while anticipating a surge in AI-powered attacks and ransomware tactics in 2025

Kuwait, March, 2025 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, has unveiled its 2025 cybersecurity predictions report, titled, The Easy Way In/Out: Securing The Artificial Future. The report highlights a surge in AI-powered attacks and the emergence of hyper-personalized, deepfake-driven threats.

As cybercrime is projected to cost over $10 trillion in 2025, consumer data is expected to be a prime target, fueling the underground economy. Criminals are anticipated to continue evolving their tactics to exploit vulnerabilities, with AI accelerating these efforts to enhance, speed up, and improve malicious operations, particularly through social engineering schemes that prey on user vulnerabilities.

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Business & Investments

Continental celebrates 30-year legacy with 26% premium growth in 2024

Continental celebrates 30-year legacy with 26% premium growth in 2024, expanding total active insurance coverage to $6.9 billion

DIFC-licensed firm strengthens its market position amid rising demand for wealth and succession planning

March25, Dubai, UAE: Continental Group, a leading insurance intermediary and financial services provider, entered its 30th year of operations with significant growth across key metrics in 2024, reinforcing its position as a trusted partner in wealth management and insurance solutions in the Middle East. The company recorded a 26% increase in premiums, reaching $124 million from $98 million. Continental’s total coverage for life clients grew by 5% in 2024, adding $800 million to the existing coverage. The firm now has nearly $6.9 billion in active life coverage under management, which has resulted in greater financial security for thousands of families and businesses, ensuring they have the support needed to navigate life’s uncertainties with confidence.

L to R – Ashok Sardana, Founder Managing Director, Continental Group_ Akshay Sardana, SEO, Executive Director, CFS DIFC Limited

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Technologies

Yango Tech Retail introduces AInventory to empower Middle East retailers with AI-driven inventory management

Dubai, UAE, 25thMarch, 2025 – Yango Tech Retail, one of the leading providers of e-commerce technology solutions and part of the Yango Tech B2B solutions ecosystem, has introduced AInventory — an AI-powered shelf monitoring system that creates a digital twin of grocery stores. It is designed to address industry challenges in the MENA retail market. With a focus on boosting accuracy, optimizing demand forecasting, and streamlining operations, it integrates real-time insights, redefining inventory management for retailers.

Andrii Morozov, Head of AInventory,

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Business & Investments

EMSTEEL and Yellow Door Energy Partner to Develop the Largest Industrial Solar PV Rooftop Project in the UAE

Abu Dhabi, UAE – March 25, 2025:EMSTEEL Group (ADX: EMSTEEL), one of the largest publicly traded steel and building materials manufacturers in the region, has announced a strategic partnership with Yellow Door Energy, the largest sustainable energy partner for businesses in the Middle East and Africa, to develop the largest industrial solar PV rooftop project in the UAE. The 31.5-megawatt-peak (MWp) solar power project will power EMSTEEL’s facilities with renewable energy, reinforcing the Group’s commitment to pioneering self-generating energy sources for sustainable manufacturing in the region.

This strategic initiative is a key part of EMSTEEL’s decarbonization strategy implementation and aligns with the UAE’s Net Zero by 2050 commitment. Under the agreement, Yellow Door Energy will finance, build, own, operate, and maintain solar panel installations across 40EMSTEEL roofsin ICAD 1, Abu Dhabi. The project will comprise rooftop and carport solar installations, including high-efficiency solar panels, with bifacial panels used for carports to optimize clean energy generation.

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Business & Investments

PayPal Strengthens UAE Startup and SMB Ecosystem with a Strategic Partnership with Ignyte

Dubai, United Arab Emirates, March 25, 2025 – PayPal, a global digital payments and commerce platform, today announced its partnership with Ignyte, the global digital platform dedicated to supporting startups and SMBs on their growth journey. As a founding partner of Ignyte, PayPal will play a crucial role in enabling entrepreneurs and small businesses to manage payments effortlessly, making it easier for them to operate across borders and grow in the digital economy.

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