Category Archives: Business & Investments

Business & Investments

Bloomberg Commodity Murban Crude Oil Index Introduced in Latest Bloomberg Indices Commodities Expansion

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Bloomberg Commodity Murban Crude Oil Index Introduced in Latest Bloomberg Indices Commodities Expansion

New York, March 13 – Bloomberg announced the new Bloomberg Commodity Murban Crude Oil Index, aimed at tracking the performance of rolling futures on Murban Crude Oil. The new offering is a subindex of the flagship Bloomberg Commodity Index (BCOM) and reflects the return of underlying commodity futures USD price movements only.

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Business & Investments

Dubai World Trade Centre Achieves Remarkable Milestone with 2.47 Million Visitors in 2023

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Dubai World Trade Centre (DWTC) Achieves Remarkable Milestone with 2.47 Million Visitors in 2023, Driven by Surge in International Attendance

Activates city-wide presence, hosting events at DWTC, Dubai Exhibition Centre and Dubai Harbour

  • DWTC hosted 301 exhibitions and events in 2023, up 23% year-on-year
  • Exhibitions attracted nearly 54,000 companies, with 78% being international
  • DWTC added 33 new events to its events calendar, attracting nearly 95,000 participants
  • DWTC’s own flagship exhibitions, led by GITEX Global and Gulfood witnessed 42% growth in attendees, collectively contributing to one third of all MICE attendees
  • Dubai Exhibition Centre (DEC) hosted over 220k attendees, headlined by the prestigious Blue Zone at COP28
  • DWTC grew global presence, with KAOUN International organising events overseas, including debut editions of GITEX Africa and Saudi Food Show in 2023
  • DXB Live, DWTC’s experiential agency, recorded its best year-to-date supporting over 500 events, locally and internationally 
  • DWTC’s Free Zone issued 601 new licences, with its commercial real estate developments nearing full occupancy
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Business & Investments

Financial Transfers to Egypt Experience Notable Surge-Al Ansari Exchange

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Following a Decision to Float it’s Currency

Financial Transfers to Egypt Experience Notable Surge

United Arab Emirates – March 12, 2024: Al Ansari Exchange, the largest remittance and foreign exchange company in the United Arab Emirates, and a subsidiary of Al Ansari Financial Services Group (DFM: ALANSARI, announced today witnessing a remarkable increase in the volume of money transfers sent from the UAE to Egypt following recent developments related to the Egyptian Pound exchange rate.

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Business & Investments

Boston Consulting Group (BCG) Celebrates Successful Partnership at the Quantum Innovation Summit 2024

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Boston Consulting Group (BCG) Celebrates Successful Partnership at the Quantum Innovation Summit 2024

Dubai, UAE, March 13, 2024 – The Quantum Innovation Summit  2024 recently concluded, and it proudly recognized the Boston Consulting Group (BCG) as its knowledge partner. As a strategic consulting leader, BCG shared invaluable insights into the quantum technology sector and investment trends and highlighted the Gulf Cooperation Council (GCC)’s initiatives in advancing this groundbreaking technology. BCG’s participation underscored its dedication to fostering innovation, collaboration, and diversity within the global quantum technology community.

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Business & Investments, Technologies

Visa joins Dubai FinTech Summit as Founding Partner & Co-Host

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Visa joins Dubai FinTech Summit as Founding Partner & Co-Host

–Visa signs a 3-year partnership with Dubai FinTech Summit.

–The collaboration reinforces Dubai FinTech Summit and Visa’s shared commitment to nurture and strengthen the global financial ecosystem through innovation, meaningful discussions and connections.

Dubai, 13 March 2024: Visa, a global leader in digital payments, has joined theDubai FinTech Summit (DFS), organised by Dubai International Financial Centre (DIFC), the leading global Financial Centre in the MEASA region, – as a Founding Partner & Co-Host underscoring its dedication to support innovative and future thinking businesses on a global scale. Visa has cemented its partnership with DFS through a strategic three-year agreement, demonstrating a strong commitment to the fintech ecosystem.

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