Category Archives: Business & Investments

Business & Investments

Stellantis Announces New Middle East Leadership Team  

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Stellantis Announces New Middle East Leadership Team  

  • Stellantis accelerates growth plans in line with delivery of Dare Forward 2030 Strategy  
  • Aiming to achieve market leadership across Middle East and Africa by the end of the decade  

Dubai, United Arab Emirates, 08 January 2024 – Stellantis, one of the world’s leading automakers, today announced a new leadership team for its Middle East operations, as the company aims for regional market leadership by 2030 as part of its Dare Forward 2030 Strategy for the Middle East and Africa (MEA).  

With ambitious targets across industrial, commercial, product, digitization, aftermarket and purchasing fields – including moving from 25% to over 70% regional production autonomy – the group is strengthening its aims to become the regional market leader in climate change with a vehicle mix of 25% Electric Vehicles (EVs) across its portfolio of iconic American and European brands in MEA by 2030.  

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Business & Investments

Careem’s 2023 wrap-up

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Careem’s 2023 wrap-up

  • Careem Plus members saved over $19 million in 2023!
  • The largest spend on Careem DineOut was $20,420 at MyGovindas in the UAE. The customer saved $2,994 on Diwali gift boxes!
  • 1.1 million burgers were delivered to customers in 2023.
  • One customer in Saudi Arabia ordered 1,400+ meals (almost 4 orders a day), spending a total of $28,500 on Careem Food in 2023.
  • The fastest Quik Groceries order was delivered in 1 minute.
  • One customer sent a total of $68,000 from the UAE to Pakistan using Careem Pay’s seamless international remittance service. The fastest remittance transfer was just 16 seconds, from the UAE to India.
  • More than 70 million ride-hailing trips were completed across the region which translates to more than 800 million kilometers traveled. That’s further than Jupiter!
  • For the second year running, one of the strangest items left behind by riders was a bridal dress!
  • In the first month following the launch of Careem Bike in Madinah, Saudi Arabia, nearly 2,000 customers traveled almost 60,000 kilometers across the city on bicycles.
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Business & Investments

Gulf Engineering Forum 2024

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Gulf Engineering Forum 2024: Advancing Sustainability and Innovation Through Engineering Excellence

Dubai, United Arab Emirates, January 8, 2024:The Gulf Engineering Forum (GEF) is set to convene its 25th edition, under the patronage of Sheikh Rashid bin Hamdan bin Rashid Al Maktoum, the Supreme President of the Hamdan bin Rashid Al Maktoum Foundation for Medical and Educational Sciences, at the prestigious Al Ras Ballroom, InterContinental Dubai Festival City on February 7-8, 2024.

The forum, under the theme “Smart Engineering for a Sustainable Future”, promises to be a groundbreaking event, bringing together decision-makers, academics, researchers, and engineering experts from both local and regional levelsto explore and discuss the latest advancements in engineering, with a focus on sustainability and smart technologies.

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Business & Investments

ADQ appoints new Chairman ofAbu Dhabi Securities Exchange (ADX) and two new Board Directors

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ADQ appoints new Chairman ofAbu Dhabi Securities Exchange (ADX) and two new Board Directors

Abu Dhabi, UAE –8 January 2023:ADQ, an Abu Dhabi-based investment and holding company, has appointed H.E. Ghannam Butti Al Mazrouei as the new Chairman of Abu Dhabi Securities Exchange (ADX), one of the fastest growing exchanges in the world, along with two new Board Directors.

H.E. Ghannam Butti Al Mazrouei has been a member of the Board of Directors at ADX since 2015. In addition to his new role as Chairman, H.E. Al Mazrouei is the Secretary General of the Emirati Talent Competitiveness Council where he oversees an AED 24 billion program that serves to increase and enable greater participation of UAE nationals in the private sector. H.E. Al Mazrouei also serves on the boards of Abu Dhabi Retirement Pensions & Benefit Fund and AafaQ Islamic Finance.

Joining ADX as new board directors are (i) Ms. Reem Ali Khamis Beljafleh, Head of Human Capital at ADQ, bringing over 15 years of professional experience in shaping human resource practices, elevating employee performance, and talent management to her role, and (ii) Mr. Jawad Shafique, Director – Financial Services at ADQ, overseeing the organization’s investments in related sectors with over 18 years of experience in investment management, mergers and acquisitions, turnarounds, and corporate restructuring.

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Business & Investments

HID to Present Secure, Sustainable Innovations at Intersec Dubai

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HID to Present Secure, Sustainable Innovations at Intersec Dubai
Booth S3-D17 Will Showcase Access Control, Secure Issuance Solutions for the Connected World

Dubai, United Arab Emirates, January 08, 2024– HID, the world’s leading provider of trusted identity solutions, will showcase its latest innovations in physical access control and secure identity issuance at Intersec Dubai, Jan. 16–18, at the Dubai World Trade Centre, at Booth S3-D17.

HID’s trusted identities solutions showcased at the booth will include:

Access control in a mobile-first world:HID Mobile Access® Technology —a pioneering access control solution that allowsorganizations to meet the growing demands of a mobile-first world.Mobile access eliminates reliance on physical cards or badges, supports multiple security protocols and adds layers of security on top of basic card encryption, making it more secure than traditional physical access control.Any iOS or Android device can be used, making it more efficient to manage and use.

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