Category Archives: Business & Investments

Business & Investments

PNC Menon becomes richest Omani citizen as per Forbes Global Ranking

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PNC Menon becomes richest Omani citizen as per Forbes Global Ranking

Dubai, April 4, 2024: PNC Menon, Founder and Chairman of Sobha Group and an eminent real estate tycoon, climbs up in Forbes Global Ranking and becomes the richest Omani Citizen in the list. The achievement further highlights his position as a visionary leader and industry trailblazer in the Middle East, as well as marks a milestone in the country’s thriving real estate market.

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Business & Investments

Metro Brazil introduces strategic innovations

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Metro Brazil introduces strategic innovations to meet evolving consumer demands in booming Middle East ecommerce market

Retail and eCommerce industry report forecasts GCC eCommerce market to reach USD 50 billion by 2025 with 10.95 per cent CAGR from 2023 to 2027

UAE- April 04, 2024

Metro Brazil, a leading retail and eCommerce company for Brazilian shapewear products in the Middle East, has set new strategic initiatives and innovative approaches to address the evolving consumer demands in the Middle East market. According to industry reports, the GCC eCommerce market set to reach USD 50 billion by 2025, at an anticipated Compound Annual Growth Rate (CAGR) of 10.95 per cent from 2023 to 2027.

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Business & Investments

DXC Technology Appoints Kylie Watson as Head of Security for Asia Pacific, Middle East and Africa

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DXC Technology Appoints Kylie Watson as Head of Security for Asia Pacific, Middle East and Africa

Dubai, UAE, April 03, 2024: DXC Technology (NYSE: DXC), today announced the expansion of Kylie Watson’s role as the Head of Security for Asia Pacific, Middle East and Africa in addition to her current role in Australia and New Zealand.

With more than 30 years of experience in leading complex projects and teams, Watson is a highly experienced, innovative and outcome-focused cyber security leader with a proven track record of delivering results and transforming businesses for sustainable growth.

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Business & Investments

Moody’s Upgrades ADIB’s Baseline Credit Assessment

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Moody’s Upgrades ADIB’s Baseline Credit Assessment, Reflecting the Bank’s Strong Financial Position

•   Moody’s affirmed ADIB’s local and foreign currency long-term issuer ratings at A2 and short-term issuer ratings at Prime-1

•   ADIB’s Baseline Credit Assessment (BCA) and Adjusted BCA were upgraded to baa3 from ba1.

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Business & Investments

Saxo Q2 Outlook | 2024: The wasted year

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Dubai, UAE, 3rd April 2024: Saxo today launched its Quarterly Outlook for Q2 2024. As elections in key market countries dominate global discussions, Saxo’s Strategy team highlights the events and indicators that investors and traders should keep an eye on. They also explore whether this focus on elections diverts attention from the actual figures affecting global markets.

In his macro note, “It’s all about elections and keeping status quo”, Steen Jakobsen, Saxo’s Chief Investment Officer, emphasises that “election optimism and a rally in equities have so far masked the inconvenient truths underlying our economy, where debt continues to grow faster than GDP.”

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