Category Archives: Business & Investments

Swisslog to showcase advanced automation solutions

Swisslog to showcase advanced automation solutions transforming the future of food production at Gulfood Manufacturing 2023

Dubai, UAE, 01 November 2023 – Swisslog, the global leader in robotic, data-driven and flexible automated solutions has announced its participation at Gulfood Manufacturing 2023, scheduled to take place from November 7 to 9. The event is the region’s definitive destination to see the future of food production from advanced technologies to integrated supply chain solutions and breakthrough developments driving the industry forward. Swisslog Middle East will shed light on how advanced technological solutions, such as automation, can assist companies in adapting to the dynamic landscape of food supply chain challenges, enabling them to navigate changes in production, distribution, and retailing while transforming the food supply chain.

Swisslog will captivate attendees with a live demonstration of its digitalised robotic storage and order processing solution, AutoStore, with its local partners Technica and KUKA, showcasing the complete end-to-end food value chain, from production and robotics to distribution and e-grocery. Moreover, as the demand for e-grocery continues to surge among digital consumers, and more players enter the field, the UAE’s sector is poised to up its penetration rates from 5.5% in 2016 to 13% by 2026. This underscores the imperative for organisations to automate and elevate their operations to effortlessly meet the surging demand for rapid and reliable order fulfilment.

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Send Money & Win AED 100,000 Cash Plus 100 Exciting Prizes with Joyalukkas Exchange

Send Money & Win AED 100,000 Cash Plus 100 Exciting Prizes with Joyalukkas Exchange

Dubai, UAE – Joyalukkas Exchange is spreading festive cheer with its exciting new promotion, “Send Money & Win,” where customers stand a chance to win AED 100,000 in cash and 100 other exciting prizes!

This raffle draw, supported by Transfast and Bank Alfalah, will run from October 10, 2023, to December 31, 2023, offering customers an incredible opportunity to be part of this winning event. All individual send transactions conducted through any Joyalukkas Exchange Branch or the Mobile App in the UAE is eligible.

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FedEx Wins ‘Logistics Provider of the Year’ at the Landmarks in Logistics Awards 2023

FedEx Wins ‘Logistics Provider of the Year’ at the Landmarks in Logistics Awards 2023

Photo caption: FedEx Express team receives the ‘Logistics Provider of the Year’ award at the Landmarks in Logistics Awards 2023

DUBAI, U.A.E., October 31, 2023 – FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, has been awarded ‘Logistics Provider of the Year’ at the Landmarks in Logistics Awards 2023.

The Landmarks in Logistics Awards 2023 celebrate outstanding performers and achievers in the logistics and transportation industry in the Middle East. The winners are selected through a rigorous evaluation process led by a jury panel of industry experts, who impartially assess nominations across various carefully crafted categories. FedEx was commended for its support of Small and Medium Enterprises (SMEs), providing enhanced services and digital solutions for customers, sustainability initiatives, and delivering positive social impacts in the community.

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Niterra establishing new benchmarks: Automechanika Middle East and Africa, 2023

Niterra establishing new benchmarks: Automechanika Middle East and Africa, 2023

With a rich history spanning over 85 years, Niterra, formerly known as NGK SPARK PLUG, has consistently exemplified innovation and excellence in the automotive sector. The rebranding to Niterra in April 2023 signifies a strategic shift towards environmentally sustainable business fields, setting a new course for the company.

In line with the company’s vision and aligned with the United Nations’ 17 ‘Sustainable Development Goals’ (SDGs), Niterra embarks on an ambitious journey to address global challenges through innovative solutions in Mobility, Medical, Environment & Energy, and Communications. This forward-looking approach underpins Niterra’s commitment to shaping a sustainable future.

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MENA Mergers and Acquisition transactions totalled US$ 59.5 billion in first nine months of 2023

MENA Mergers and Acquisition transactions totalled US$ 59.5 billion in first nine months of 2023

DUBAI, UAE – LSEG (London Stock Exchange Group) today released the third quarter 2023 investment banking analysis for Middle East and North Africa. 

INVESTMENT BANKING FEES

An estimated US$803.2 million worth of investment banking fees were generated in the Middle East & North Africa during the first nine months of 2023, 31% less than the value recorded during the same period in 2022 and the lowest first nine-month total since 2018.  Advisory fees earned from completed M&A transactions in the region totalled US$181.2 million, a 52% decrease from year ago levels and the lowest first nine-month total in five years.  Equity capital markets underwriting fees totalled US$165.5 million, down 39% from last year but reaching the second highest level in the last 15 years.

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