Category Archives: Business & Investments

Business & Investments

Sharjah rises to 4th in the GCC region and 7th in MENA in 2024 Global Startup Ecosystem Rankings

Sharjah rises to 4th in the GCC region and 7th in MENA in 2024 Global Startup Ecosystem Rankings

As revealed in the 2024 Global Startup Ecosystem Report (GSER), launched during London Tech Week, by Startup Genome and the Global Entrepreneurship Network.

  • Bodour Al Qasimi: This recognition strengthens our resolve to empower entrepreneurs in Sharjah and drive sustainable economic development.
  • Najla Al Midfa: … [We] are excited to scale our impact by further enhancing our startup’s offerings and driving growth in key sectors of sustainability, edtech, advanced manufacturing and creative industries.
  • Sharjah’s regional rank has increased by 2 positions compared to the 2023 report.
  • Sharjah secures high rankings across categories including Bang for Buck (#5), Funding (#6) and Market Reach (#7).
  • The report highlights the emirate’s strengths in Cleantech, Digital and Creative Industries, as well as Edtech sectors.
Continue reading Sharjah rises to 4th in the GCC region and 7th in MENA in 2024 Global Startup Ecosystem Rankings →
Business & Investments

Havells partners with Jumbo Group for kitchen appliances in UAE

Havells partners with Jumbo Group for kitchen appliances in UAE


Dubai, UAE, 10th June 2024: Havells India Ltd, a leading Fast Moving Electrical Goods and Electronics company, today announces its entry into the kitchen appliances market through a strategic partnership with Jumbo Group, a leading distributor of consumer electronics and technology products in the UAE. This alliance is set to bolster Havells product portfolio and market reach while enabling Jumbo Group to establish a significant presence in the Middle East. The partnership will see the launch of Havells India’s premier kitchen appliances, including advanced mixer grinders starting with online availability on Jumbo’s e-commerce website jumbo.ae followed by retail store distribution.

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Business & Investments

Hitachi Energy to invest additional $4.5 billion by 2027 to accelerate the clean energy transition

Hitachi Energy to invest additional $4.5 billion by 2027 to accelerate the clean energy transition

  • Order backlog more than tripled to over $30 billion since 2020
  • More than double new investments in manufacturing, engineering, digital, R&D and partnerships across all major markets from 2024 to 2027
  • Around $330 million in capacity expansion, modernization, and new build in Sweden, across all product portfolios with additional 2,000 employees
  • Global Technology and Innovation Center in India will increase to more than 4,000 employees to serve more than 40 countries
Continue reading Hitachi Energy to invest additional $4.5 billion by 2027 to accelerate the clean energy transition →
Business & Investments

Rewardz People Leaders’ Summit in Middle East

Rewardz People Leaders’ Summit in Middle East Marks Decade of Global Leadership in Tech-Driven Employee Experience

Dubai, UAE, June 6th, 2024 – Rewardz, a frontrunner in high-tech HR solutions, celebrates a decade of global leadership and ambition with its inaugural People Leaders’ Summit in the Middle East. Held at the esteemed Taj Business Bay in Dubai, the summit convened nearly 100 HR and people leaders from the region, marking a significant milestone in Rewardz’s journey of transforming workplace experiences through cutting-edge technology.

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Business & Investments

Ras Al Khaimah Ruler inaugurates Sobha Modular Industries’ new manufacturing facility in the Emirate

Ras Al Khaimah Ruler inaugurates Sobha Modular Industries’ new manufacturing facility in the Emirate

Ras Al Khaimah, 10 June 2024: His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, recently inaugurated Sobha Modular Industries’ new manufacturing facility in Al Hamra, Ras Al Khaimah.

A subsidiary of Sobha Group,  Sobha Modular Industries manufactures aluminium facades and bathroom pods with the use of cutting-edge AI-based CNC machines and robotics in its 250,000 m2 facility. The new manufacturing unit boasts a production capacity of 50 pods per day, with plans to double this output by year-end. It also produces 1,800 m2 of aluminium products daily, with major upgrades on the horizon. Moreover, this set-up is expected to create over 3,000 jobs in the region, contributing to local employment opportunities.

Continue reading Ras Al Khaimah Ruler inaugurates Sobha Modular Industries’ new manufacturing facility in the Emirate →