Category Archives: Business & Investments

Business & Investments

UAE Leads in AI Enthusiasm and Application Insights from a Global BCG Survey 

  • In the UAE, 91% of consumers know GenAI, and 34% use GenAI applications.
  • 67% of UAE employees are excited about GenAI’s impact on the workplace, indicating strong support for AI integration across industries.

Dubai, June 25, 2024— In the United Arab Emirates (UAE), sentiment towards generative AI (GenAI) is overwhelmingly positive. This enthusiasm aligns with global trends showing high consumer awareness and excitement about AI. According to new research by Boston Consulting Group (BCG), titled “Consumers Know More About AI than Business Leaders Think”, consumers’ knowledge and excitement about AI is surprisingly high.

BCG’s research is based on a survey conducted by BCG’s Center for Customer Insight to measure the level of awareness of AI and GenAI, as well as usage and sentiment among 21,000 respondents from 21 countries across six continents. It also explored questions relevant to the use of AI in the workplace.

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Business & Investments

Lunate launches Chimera J.P. Morgan Global Sukuk ETF

  • The Chimera J.P. Morgan Global Sukuk ETF will be listed on the Abu Dhabi Securities Exchange
  • The Fund will enable access to a portfolio of over 70 Sukuk instruments across several global markets

Abu Dhabi, 24 June, 2024 – Lunate Capital LLC (“Lunate”), an Abu Dhabi-based management company licensed by the Securities & Commodities Authority (SCA), and a subsidiary of Lunate Holding RSC Limited, announced the launch of the Chimera J.P. Morgan Global Sukuk ETF (Bloomberg: [SUKUK]), an exchange traded fund (“ETF” or the “Fund”) that is scheduled to list on the Abu Dhabi Securities Exchange (“ADX”) on 08 July.

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Business & Investments

BKN301 Group uses its BaaSOrchestrator solution ‘301pay’ to elevate MENA’s eCommerce landscape

To drive innovation and economic growth across the region

BKN301 Group uses its BaaSOrchestrator solution ‘301pay’ to elevate MENA’s eCommerce landscape

  • The Middle East eCommerce market is set to reach USD 50 Billion by 2025 due to the widespread adoption of cutting-edge technologies and other factors
  • By 2029, the global online payment gateway market is expected to surpass USD 28.66 billion.

June 24, 2024: Leading the charge in innovation, BKN301 Group’s advanced BaaS orchestrator payment gateway solution ‘301pay’has been providing businesses of all sizes with unprecedented control over their payment processes, contributing to the ongoing growth of the MENA eCommerce market. The multi-merchant payment orchestrator platformallowsbusinesses to effortlessly accept payments from customers worldwide through developer-friendly APIs, further streamlining global transactions and expanding market reach, while improving customer satisfaction.

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Business & Investments

Companies with higher gender diversity are 21% more likely to experience above-average profitability

The role of female leaders discussed at the ACCA Women In Finance event in Oman, in collaboration with OACPA

Dubai, UAE; June 25, 2024: Of the world’s 500 biggest businesses, only 41 are led by women CEOs, according to Catalyst. Statistics state that companies with higher gender diversity are 21% more likely to experience above-average profitability, so it is vital that companies recognise the untapped potential within our society and work towards gender-equality in the workplace.

In response to this, the Association of Chartered Certified Accountants (ACCA) and the Oman Association of Chartered Public Accountants (OACPA) held the Women In Finance: Stories from the Top event in Muscat, Oman recently, with over 90 delegates in attendance.

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Business & Investments

IAN Group &iAccel GBI partnership brings MEA investors & markets to Indian startups

24 June 2024, Dubai, United Arab Emirates: IAN Group is excited to announce its strategic partnership with iAccel Gulf Business Incubator (iAccel GBI), a go-to-market and startup accelerator under the patronage of Dubai SME. This collaboration is set to open up significant opportunities for Middle Eastern investors looking to explore and invest in the thriving Indian startup ecosystem and Indian startups expand their business in the UAE.

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