Category Archives: Business & Investments

Business & Investments

Global Smart Building market to top US$408 billion by 2030, says Light + Intelligent Building Middle East expert  

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Grace Najjar, CEO, Align Management Solutions and Chairperson of the Smart Building Summit, highlighted the growth of the industry

Captured by Lights In Motion
H.E Dr Ali Al Jassim, Chairperson, Emirates Green Building Council, outlined key learnings from COP28

The 2024 edition continues until Thursday, 18 January

Dubai, UAE: The second edition of the Smart Building Summit has begun atLight + Intelligent Building Middle East, the region’s largest exhibition for lighting and building technology, with insights from a range of experts highlighting the potential growth of the industry and the path to creating sustainable smart buildings.

Captured by Lights In Motion
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Business & Investments

Open Banking Market in Arab Countries Can Reach $1.17 bn according to Recent Fintech Report 2024

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Open Banking Market in Arab Countries Can Reach $1.17 bn according to Recent Fintech Report 2024

  • Unveiling the Era of Central Bank Digital Currencies in the Middle East
  • ESG Commitments and Trends: Over 1 Trillion of AED into Sustainable Financing

Fintech trends in 2024: navigating the future of financial technology in the Middle East in exclusive report by red_mad_robot

(Dubai, UAE – 17 January) — The latest report by red_mad_robot paints a compelling picture of the future exploring fintech trends shaping the Middle East in 2024. Based on the comprehensive research, it predicts a remarkable 25% annual growth in the Open Banking market across Arab countries over the next five years, with the potential to soar to a staggering $1.17 billion.

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Business & Investments

SEF 2024 reveals world-renowned speakers in Media, Investment, Gaming, Tech and Culture for the 2-day festival

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Organised by Sharjah Entrepreneurship Center (Sheraa) from 3-4 February, 2024

SEF 2024 reveals world-renowned speakers in Media, Investment, Gaming, Tech and Culture for the 2-day festival

  • Digital Transformation and Leadership: HRH Prince Faisal bin Bandar Al Saud, Chairman, Saudi Esports Federation, Steven Bartlett, Chris Barton and Dr. Aisha Bin Bishr.
  • Media, Arts, and Culture Influencers: Featuring Nadine Labaki, Joe Hattab, and Aboflah.
  • Emerging Business Leaders and Innovators: Abdullah Abu Sheikha, Abdulaziz B. Al Loughani, and Payal Kadakia.
  • Health and Wellness Expertise: With insights from Jessie Inchauspé, Lana Nahawi and Mohit Kumar.
  • Culinary and Lifestyle Excellence: Showcasing Mouza Alabbar, Amna Al Hashemi along with Salam Dakkak.
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Business & Investments

Convergence Partners in a buyout of the Datacentrix Group

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Convergence Partners in a buyout of the Datacentrix Group

17 January 2024, Dubai-UAE – Convergence Partners today announced that its Convergence Partners Digital Infrastructure Fund (CPDIF) has entered into a definitive agreement with Alviva Holdings Limited to acquire 100% of Datacentrix Group. The acquisition is alongside the existing Datacentrix management team that has successfully led the company for over 20 years.  Alviva is exiting Datacentrix pursuant to its delisting from the JSE in early 2023, to focus on its core operations in hardware distribution. Terms of the transaction were not disclosed.

The transaction aligns with the CPDIF’s strategy of investing in high growth companies that are leading champions in their field with strong management teams and deep customer and vendor relationships. 

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Business & Investments

Mastercard partners with CarbonSifr to advance climate action in MENA region

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Mastercard partners with CarbonSifr to advance climate action in MENA region

Dubai, UAE; 16 January 2024: Mastercard has signed a memorandum of understanding (MoU) with CarbonSifr, a UAE-based climate tech company, to explore opportunities to accelerate climate action in the MENA region. The two partners will support small and medium enterprises (SMEs) with climate awareness and carbon footprint measurement initiatives, and enable players in the broader ecosystem to embed climate action into their payment processes with local data.

The innovation-driven partnership aims to equip small businesses in the region with innovative tools to measure, reduce and compensate for their carbon footprint.

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