All posts by uaenews247

Business & Investments

Blue Ocean Global leads UAE’s consumers shift towards Dh125 billion e-commerce market

More than 6.5 million UAE consumers now buy most goods online – through various e-commerce platforms – making the country a leader in digital commerce in the Middle East

Date: Dubai, UAE; January 27, 2025

News Highlights:

  1. UAE e-commerce revenue to grow at 8.39% from US$33.97 billion (Dh125 billion) in 2025 to US$46.88 billion (Dh172 billion) by 2029;
  2. The Central Bank of the UAE processed 334.3 million payment transactions amounting to Dh19.2 trillion (US$5.23 trillion), a 20% increase in 2023, compared to 2022;
  3. More than 6.5 million, or 65% of the UAE population shopped online in 2023 as distributors and retailers shift to e-commerce space;
  4. Total transaction value in the digital payments market is set to grow at 13.8% from US$80.37 billion in 2025 to US$134.8 billion in 2029.

Blue Ocean Global Group, a Dubai-based distributor of electronics, household appliances and consumer goods, has strengthened its online distribution and e-commerce business in line with the current trend, to maximise customer convenience.

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Automibiles & Motoring

SelfDrive Mobility & Bestune Announce an Exclusive Strategic Collaboration across the UAE & GCC

This collaboration aims to add a fleet of 1500 cars in the UAE and scale it up to 5000 cars across the GCC by Q4

The partnership introduces Bestune’s lineup of car models to SelfDrive Mobility’s extensive subscription portfolio

Dubai, UAE, January 2025 – SelfDrive Mobility, a leading mobility tech company and market pioneer in car rental and subscription services across the Middle East, has announced an exclusive strategic partnership with the FAW Group, the parent company of the globally renowned Bestune brand. Known for their innovative automotive solutions, Bestune models will now be available in the UAE through Al Khalid Auto, the brand’s authorized dealership.

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Education

Pearson Launches Digital Language Tutor to Tackle Workplace Communication Challenges

Dubai, UAE, 27th January 2025 – Pearson (FTSE: PSON.L), the world’s lifelong learning company, has launched an AI-powered Digital Language Tutor specifically designed to help businesses improve English proficiency at scale and unlock employee potential.

Giovanni Giovannelli, President of Pearson’s English Language Learning Division.

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Business & Investments

HONEYWELL SIGNS MOU WITH PETRO RABIGH TO LICENCE ITS NAPHTHA CONVERSION TECHNOLOGY IN SAUDI ARABIA

Under the patronage of the Ministry of Energy, Petro Rabigh and Honeywell have signed a Memorandum of Understanding (MoU) to explore the deployment of Honeywell UOP’s Naphtha-to-Ethane-and-Propane (NEP) technology. The signing ceremony was sponsored by Eng. Ahmed Al-Zahrani, Assistant Minister for Development and Excellence at the Ministry of Energy, reaffirming the Kingdom’s commitment to fostering innovation and sustainability in the energy sector.

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