Technologies

Inception and Fairmarkit Join Forces to Transform Enterprise Procurement with AI-Driven Sourcing Integration

19 February 2025, Abu Dhabi, United Arab Emirates: Inception, a G42 company specializing in AI-native products, has signed a Memorandum of Understanding (MoU) with Fairmarkit, a U.S.-based leader in procurement sourcing automation. Signed at the IDC Middle East CIO Summit 2025, the collaboration will integrate Fairmarkit’s AI powered autonomous sourcing technology into Inception’s AI-powered procurement ecosystem. (In)Business Procurement, will transform enterprise sourcing across the Middle East and North Africa (MENA) region, providing a smarter, more efficient procurement framework.

This MoU represents a significant step forward in the digitization of procurement operations and reinforces both companies’ commitment to advancing AI-driven innovation across the enterprise sector. (In)Business Procurement streamlines procurement by embedding Fairmarkit’s AI autonomous sourcing technology into Inception’s AI-driven Contracts & Suppliers modules. The solution integrates seamlessly with leading procurement platforms like SAP, Coupa and Oracle enabling businesses to enhance efficiency, optimize costs, improve supplier relationships, and ensure superior contract compliance.

Ashish Koshy, Chief Operating Officer, Inception.

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Business & Investments

Kanoo Machinery Hosts Open Day, Showcasing Advanced Machinery and Strategic Partnerships

Jeddah, Saudi Arabia 19th of February: Kanoo Machinery, the leading provider of world-class industrial machinery and solutions in the region, successfully hosted Kanoo Machinery Open Day on February 11, 2025, at its facility in Jeddah. The event served as a platform to showcase Kanoo Machinery’s state-of-the-art machines and equipment from its esteemed partners and principals.

Attended by prominent industry leaders, business partners, and customers, the event featured live displays and demonstrations of newly launched equipment, including the Grove TMC Crane, as well as handover ceremonies for recently acquired machines. Clients had the opportunity to explore advanced solutions designed to improve and enhance operational efficiency across industries.  

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Business & Investments

GCC Healthcare Industry set for robust growth, forecasts Alpen Capital

Rising demand, technological advancements and government initiatives drive sector growth

Dubai – February 19th, 2025: Alpen Capital’s latest healthcare industry report for the GCC forecasts the Current Healthcare Expenditure (CHE) in the region to reach US$ 159 billion by 2029, implying an annualized growth rate of 7.8%. During the forecast period, CHE in the GCC countries is anticipated to increase at growth rates ranging from 4.0% to 8.8%

UAE-based investment banking advisory firm, Alpen Capital, launched its latest GCC Healthcare Industry report which features forecasts on the sector, recent analysis on trends, growth drivers and challenges facing the segment. It also profiles some of the key healthcare companies in the region.

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Business & Investments

Dubai Chambers becomes first chamber of commerce in MENA to achieve certification

Dubai Chambers awarded prestigious Level 3 Organisational Maturity Certification by Global Innovation Management Institute (GIMI)

Dubai, UAE – Dubai Chambers has been awarded the Organisational Maturity Certificate (OMC) in Innovation – Level 3 by the Global Innovation Management Institute (GIMI) based in Boston, Massachusetts, USA. The achievement represents a significant milestone for Dubai Chambers that positions the organisation as the first chamber of commerce in the MENA region to receive the prestigious certification.

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Real Estate

IMAN Developers unveils 15 Cascade Featured By Versace Ceramics, valued at AED 700 Million

Dubai – February 19, 2025: IMAN Developers, a leading luxury real estate developer in Dubai, is proud to announce the launch of 15 Cascade, featured by Versace Ceramics, an exclusive mixed-use residential development valued at AED 700 million.

Located at the gateway to Motor City, 15 Cascade seamlessly blends nature, design, and movement to offer a refined and dynamic living experience. With 442 meticulously designed units, the development is set to redefine contemporary luxury, featuring a striking architectural style inspired by the speed lines of the Dubai Autodrome and the organic flow of water.

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