Category Archives: Business & Investments

Shelf Drilling Reduces Time Spent on Critical Data Operations by 98% with Jedox EPM

Shelf Drilling Reduces Time Spent on Critical Data Operations by 98% with Jedox EPM

Dubai, United Arab Emirates –July 2022 – Jedox, an award-winning provider of Enterprise Performance Management (EPM) solutions for Financial Planning and Analysis (FP&A), today announced that Shelf Drilling, an offshore drilling company providing shallow water services to the oil and gas industry, has reduced the time spent on the transfer and consolidation of operational data by 98% following its implementation of the Jedox EPM solution. Consequently, this has enabled the company to enhance efficiencies across key functions including rig maintenance and fuel tracking.

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Female-Owned Platform, Yspot, Is Bridging the Gap For Youth

Female Owned, Yspot, Is Bridging the Gap Between Youth and Organizations 

Dubai, United Arab Emirates: Yspot, a unique and forward-thinking platform designed to revolutionize connectivity between youth and organizations, launches official operations with the announcement of its bespoke internship programs. The first of many  pillars ahead for the company, their internship program aims to not only inspire but empower the next generation of socially-engaged leaders. Yspot is set to provide the UAE with supportive and meaningful work-based internship programs between the youth and businesses.

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Hotpack kicksoff “Fill for Future” with desert clean-up drive to promote sustainability

Hotpack kicksoff “Fill for Future” with desert clean-up drive to promote sustainability

Dubai, August 5, 2022:  Hotpack Global, the leading manufacturer of disposable food packaging products in the Middle East, organised a desert clean-up drive as a part of its “Fill for Future” initiative. This sustainability initiative is undertaken by the Hotpack Happiness Project, the Corporate Social Responsibility (CSR) arm of the company.

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India’s First Fintech-focused Growth Capital Fund, Beams FinTech Fundlooks towards Middle East

India’s First Fintech-focused Growth Capital Fund, Beams FinTech Fundlooks towards Middle East

  • Beams FinTech fund islaunched by India’s largest integrated incubator, Venture Catalysts
  • Beams portfolio companies to cross-pollinate with Middle East Banks & Fintech players

Dubai, United Arab Emirates, August4, 2022: Beams Fintech Fund is India’s first ever dedicated Growth Capital Fintech Fund, which invests in Companies operating at the confluence of Financial services and Technology space. The platform focusses on creating significant value for its portfolio companies and is looking to expand internationally and sees UAE wellpositionedto be the international hub and silk route to the rest of the Gulf, north and eastern African regions.

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GCC Hospitality Industry to witness steady growth after sharp post pandemic recovery, says Alpen Capital

GCC Hospitality Industry to witness steady growth after sharp post pandemic recovery, says Alpen Capital

DUBAI – August 3, 2022: Alpen Capital’s latest hospitality sector report for the GCC projects the industry will return to pre-pandemic levels in 2022, registering a 74.8% year-on-year growth and reaching a revenue of USD 26.3 billion. It adds the industry is expected to grow with a Compounded Annual Growth Rate (CAGR) of 6.6% up to 2026.

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