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Business & Investments

Savoye Appoints Hakim Ramadan to Lead Middle East Operations

  • Hakim Ramadan will lead Savoye Middle East’s regional operations and commercial development, while strengthening customer engagement and supporting the company’s growth across the region
  • The Middle East region’s logistics market is projected to grow at a CAGR of 7.9 per cent through 2028

April 16, 2026: Savoye, a leading integrator of automated warehouse solutions and software publisher in the Middle East, has appointed Hakim Ramadan as General Manager of Savoye Middle East. In this role, he will lead Savoye’s regional operations and commercial strategy, with a focus on scaling automation-led intralogistics solutions and deepening customer partnerships across high-growth sectors.

Hakim Ramadan

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Business & Investments

Emirates NBD Secures $250M Loan for Dar Global’s Expansion

Emirates NBD successfully executes USD 250 Million Syndicated Term Loan facility for DAR Global, Accelerating Global Growth and Expansion

Dubai, UAE, 16 April 2026: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has announced the successful execution of a USD 250 million syndicated term loan facility (“Project Radium II”) for Dar Global plc, the London-listed luxury international real estate developer. Dar Global plc, which is majority owned by Dar Al Arkan Real Estate Development Company, secured this USD 250 million financing as part of its continued growth and expansion across key global markets.

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Business & Investments

Enhancing Maritime Services at Dubai Ports

To Enhance Vessel Support and Improve Maritime Service Efficiency 

PCFC Ensures Continuous Supply of Provision and Fuel to Ships at Dubai Ports and its Anchorage Areas

• Captain Ibrahim Al Blooshi: We provide a comprehensive suite of 24/7 services, including bunkering, provision, medical supplies, and crew change services

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Featured

Bologna Fair 2026: Arabic Children’s Literature Award Launch

At the Bologna Children’s Book Fair

Bodour Al Qasimi Witnesses the Launch of the 18th Edition of the International Award for Arabic Children’s Literature

Bologna (Italy), 16 April 2026

Her Highness Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Book Authority and Founder and Honorary President of the UAE Board on Books for Young People (UAEBBY), witnessed the launch of the 18th edition of the International Award for Arabic Children’s Literature, presented by “e&”, at the Bologna Children’s Book Fair, held from 13 to 16 April in Italy. This step reflects the UAEBBY’s ongoing commitment to supporting the children’s book industry and strengthening the presence of Arabic literature at international fairs and festivals.

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Business & Investments

The AI spend cycle is still going strong, says AvaTrade, as TSMC reports record profit for fourth straight quarter

Dubai, Abu Dhabi, UAE. April 16, 2026. Today, Taiwan Semiconductor Manufacturing Company (TSMC) published its earnings for the first quarter of 2026. The dominant player in the chip manufacturing industry, TSMC once again reported a record profit and exceeded analyst expectations, driven by insatiable AI demand.

Kate Leaman, chief market analyst at online broker, AvaTrade, offers the following comments on what TSMC’s latest earnings report means for the company, AI, and the wider chip and technology industries:

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