Category Archives: Business & Investments

Business & Investments

Majid Al Futtaim Lifestyle Unveils Poltrona Frau’s World-First Mall Store as Brand Expansion Unfolds

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Majid Al Futtaim Lifestyle Unveils Poltrona Frau’s World-First Mall Store as Brand Expansion Unfolds

United Arab Emirates, Dubai, 2 February 2024: Majid Al Futtaim Lifestyle, a pioneering leader in lifestyle retail across the GCC,  today announced the  grand opening of Poltrona Frau the 112-year-old luxury Italian furniture brand, at Mall of the Emirates. The milestone marks the brand’s second store in Dubai and the first mall-based store worldwide.

Following the successful debut of the newly designed showroom in Jumeirah, the iconic Poltrona Frau brand now graces a line-up of high-end luxury names in the UAE’s premier shopping destination. 

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Business & Investments

Abu Dhabi Chamber Launches Advocacy Hub to Support the Business Ecosystem in Abu Dhabi

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Abu Dhabi Chamber Launches Advocacy Hub to Support the Business Ecosystem in Abu Dhabi

2 February 2024, Abu Dhabi, UAE: The Abu Dhabi Chamber of Commerce and Industry (ADCCI) announced the launch of the Advocacy Hub initiative, which involves all segments of the private sector, enhancing its engagement and bringing positive change in the business system.

The Advocacy Hub aims to support and empower the private sector. It represents an ideal opportunity to facilitate communication between businesses and government agencies. The initiative will boost the private sector’s voice, promote constructive dialogue through the exploration of noteworthy developments from the business community, proposing innovative solutions to address challenges, and the provision of a platform for proposing ideas and recommendations on policies and legislation. This in turn will contribute to advancing the private sector towards new developmental horizons, enhancing the appeal of the business environment, and consolidating the competitiveness of the Emirate’s economy on local, regional, and global levels.

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Business & Investments

Core42 Announces Pioneering Partnership With AIREV, UAE’s Leading AI-powered EdTech Platform

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Core42 Announces Pioneering Partnership With AIREV, UAE’s Leading AI-powered EdTech Platform

Homegrown AI start-up, AIREV, will leverage Core42’s supercomputing capabilities and Jais, the world’s largest Arabic language open-source Large Language Model (LLM) to enhance its platforms.

ABU DHABI – February 1, 2024 – Core42, a G42 company and a full-spectrum AI enablement solutions provider, has signed a strategic partnership with AIREV, the innovative UAE start-up behind School Hack, an AI-powered EdTech platform that helps students develop the skills for the jobs of tomorrow.

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Business & Investments

Network International obtains payment licence from Saudi Central Bank (SAMA) to expand merchant acquiring business in KSA

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Network International obtains payment licence from Saudi Central Bank (SAMA) to expand merchant acquiring business in KSA

  • SAMA licence expands commitment to fostering a dynamic and inclusive payments ecosystem in Saudi Arabia by building long-term, collaborative partnerships with merchants across industries
  • Network International is committed to supporting Saudi Arabia’s Vision 2030, Financial Sector Development Program and accelerating digital payments
  • The new licence provides a compelling opportunity for Network International to play an integral role in transforming the payments landscape in KSA
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Business & Investments

Moro Hub Honored with ‘Project of the Year’ Award at Axis Partner Awards

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Moro Hub was recognised in acknowledgment of its remarkable partnership shared with Axis Communications in 2023

Dubai, UAE, 1 February 2024: Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC) was recognized for its outstanding collaboration and achievements for 2023 by Axis Communications, a global leader in network video solutions. Moro Hub was bestowed with the prestigious ‘Project of the Year’ award in acknowledgment of its remarkable partnership shared with Axis. The award was presented by Ettiene Van Dar Watt, Regional Director of Axis Communications at Axies yearly awards ceremony hosted at Armani Hotel, Dubai.

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