Category Archives: Business & Investments

Business & Investments

CACE and GEP Forge Comprehensive Strategic Alliance to Catalyze Global Climate Action

ITMOs pipeline established:
CACE and GEP Forge Comprehensive Strategic Alliance to Catalyze Global Climate Action

DOHA, Qatar – 23 May 2024 – In a significant move for global climate action, the Climate Action Center of Excellence (CACE) and the Green Economy Partnership (GEP) have formalized a comprehensive strategic partnership. This initiative, backed by the Gulf Organisation for Research and Development (GORD) in its capacity as the parent entity of CACE, heralds a new era of integrated efforts across policy frameworks, technological platforms, and investment in climate-resilient projects.

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Business & Investments

Swiss GRC launches GRC software designed for MENA region

Swiss GRC launches GRC software designed for MENA region

May 22, 2024; Dubai, UAE: Swiss GRC, a leader in Governance, Risk, and Compliance (GRC) solutions, has launched its flagship product, the GRC Toolbox, in the Middle East. Tailored to the region’s unique needs, this move is part of Swiss GRC’s strategic expansion, with a new branch and operational office in Dubai Internet City, UAE.

Swiss GRC distinguishes itself with a user-friendly interface, modular options, and the adoption of new technologies like Generative AI and advanced analytics. The local data center offers on-premise and cloud deployment options. The GRC Toolbox, fully available in Arabic, provides configuration-powered customization for quick implementation. The attractive pricing model includes unlimited user access, allowing organizations to easily scale across all three lines of defense.

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Business & Investments

The 3rd UAE China Tyre & Auto Parts Expo to be held at Expo Centre Sharjah from May 27-29.

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The 3rd UAE China Tyre & Auto Parts Expo to be held at Expo Centre Sharjah from May 27-29.

Sharjah, 22 May 2024: The highly anticipated Third UAE China Tyre & Auto Parts Expo is set to take place from May 27 to May 29, 2024, at Expo Centre Sharjah. Hosted by Shandong Port Group Overseas Supply Chain (Qingdao) Co., Ltd and Hualun Inter Tech FZCO, organized by Inter Commerce Expo Corporation, the expo has garnered significant attention and praise in its previous editions.

For its third edition, the number of participating exhibitors has gone up to 151 with 282 booths, the event is occupying 8000 square meters space. The scope of exhibits covers tyres, auto parts, new energy vehicles, special vehicles, complete & second-hand vehicle import and export, etc., aims to further strengthen the trade relations and technological exchange in the automotive sector.

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Business & Investments

Sharjah’s economy shows robust 6.5% growth in 2023, GDP reaches AED 145.2 billion     

Figures reflect Department of Statistics and Community Development (DSCD)’s

 preliminary estimates for the period (2017-2023).

  • In 2023, the ‘wholesale and retail trade’ sector led the emirate’s GDP, accounting for a 24% share.
  • ‘Manufacturing’ was the second highest contributor to the GDP with 16.7%.
  • The ‘agriculture, forestry, and fishing’ sector recorded the highest growth rate, reaching 19.1%.
  • The ‘accommodation and food services,’ ‘financial and insurance,’ and ‘electricity, gas, water supply, and waste management’ sectors ranked second, third, and fourth, respectively, in terms of growth rates for 2023.
  • Figures demonstrate the emirate’s focus on enhancing competitiveness, improving the investment climate, and diversifying its non-oil sectors
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Business & Investments

Payrails and Ride-hailing app inDrive partner to improve Dynamic Transaction Routing & Localization

Dubai, May 22nd, 2024 – Payrails, a leading payment platform catering to global enterprises is announcing a strategic collaboration with inDrive, the world’s second most downloaded ride-hailing app. The partnership enables California based inDrive to overcome the challenge of integrating multiple payment service providers (PSPs) and alternative payment methods (APMs) across different regions, such as MENA.

Payrails implemented a solution featuring a PSP-agnostic integration layer, dynamic payment routing, and expanded alternative payment method coverage. inDrive achieved an 11% increase in card approval rates as part of an effort to boost conversion rates, accomplishing this in a fraction of the time usually required to launch each new integration.

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