Author: Mahdeehassan

Dubai, UAE –May 2025: DIB, the world’s first Islamic bank and the largest in the UAE, has signed a USD 150 million Murabaha financing agreement with Turkcell, Türkiye’s leading telecommunications and technology services provider. The facility will support Turkcell’s ongoing investments in digital infrastructure and further reinforces DIB’s commitment to enabling growth in high-potential markets. As one of the most prominent Islamic financial institutions in the GCC, the Bank continues to foster cross-border partnerships that drive sustainable, innovation-led development. Structured as a five-year bullet-term facility, the Sharia-compliant financing will enable Turkcell to advance critical infrastructure in areas such as data centres,…

Aspen Pharmacare Holdings Limited (“Aspen”), a global specialty and branded multinational pharmaceutical company, has announced the establishment of a new regional headquarters in Riyadh, the capital of the Kingdom of Saudi Arabia (KSA). Following a series of Middle East investments in key therapeutic areas aligned with both patient needs and market demands, the new regional headquarters will support Aspen’s regional growth strategy which includes a focus on three key pillars, namely, talent development, localization, and partnerships. Daniel Vella Friggieri – Regional CEO Europe & Middle East, Aspen Pharmacare, said: “We are delighted to be strengthening our local presence in this crucial…

As part of its efforts to raise awareness about its educational awards and encourage wider participation, Hamdan Bin Rashid Al Maktoum Foundation for Medical and Educational Sciences organized a series of field visits to schools across all emirates of the UAE. During these visits, the Foundation’s team delivered comprehensive presentations introducing the various award categories, their objectives, and the application process. The initiative also aimed to strengthen communication with target audiences within the educational community and foster dialogue to gather suggestions that support the continuous development and relevance of the awards to the current educational landscape. Her Excellency Khawla Ahmed…

The partnership brings secure, sovereign AI agents to mission-critical workflows across the UAE, KSA, and beyond Dubai, UAE – May 26, 2025 – CNTXT AI, a Data and AI enabler driving AI readiness through sovereign infrastructure and high-quality data, has signed a strategic Memorandum of Understanding (MoU) with Beam AI, the leading platform for AI agents. Together, the two companies will deliver secure, scalable, and localized AI agents to power operations and serve enterprise and government sectors in the Gulf. The partnership enables Beam AI to expand into the GCC through CNTXT AI’s trusted infrastructure and data services, while CNTXT…

Munich/Cernobbio, May 2025, At the Concorso d’Eleganza Villa d’Este 2025, the renowned celebration of historic vehicles on the shores of Lake Como in Italy, the BMW Group is presenting an exclusive new concept car that will subsequently be made available for purchase in a small series. The BMW Concept Speedtop reimagines the sporty Touring, blending the elegance of a shooting brake with unique proportions. “A true BMW exudes dynamism and elegance even when it’s standing still,” says Adrian van Hooydonk, Head of BMW Group Design. “And that’s also the case with our new concept car. The BMW Concept Speedtop is characterised…

Dubai, UAE, May 2025: Yango Tech, the unified ecosystem delivering tailored advanced B2B technology solutions to local businesses within Yango Group, has announced the signing of a strategic partnership agreement at Seamless Middle East 2025 between Yango Tech Retail and Grand Hypermarkets, an international network of supermarkets and hypermarkets. The partnership will see the rollout of Yango Tech’s full e-grocery automation stack across Grand Hypermarkets’ operations in the UAE, Kuwait, Qatar, Oman and KSA. Under the agreement, Grand Hypermarkets, an established name in the industry with over two decades of experience and over 95 outlets across GCC region, will adopt Yango…

Abu Dhabi, United Arab Emirates, Mayt, 2025: W Motors, the Middle East’s first fully integrated mobility solutions provider, announced today the launch of its contract manufacturing division, designed to support global OEMs seeking to establish a manufacturing footprint in the region. This announcement was made on the sidelines of the “Make it in the Emirates” 2025 event. Headquartered in Dubai in its recently opened automotive manufacturing facility in Dubai Silicon Oasis, the special economic zone for knowledge and innovation and a member of the Dubai Integrated Economic Zones Authority(DIEZ), W Motors will now expand its operations to Abu Dhabi to support…

Returning to Lisbon, SBC Summit will present a reimagined agenda designed to better serve a global audience, with a powerful new focus on market diversity, technological innovation, and actionable, real-world learning. Building on the success of its Lisbon debut, SBC Summit will return to the Feira Internacional de Lisboa and MEO Arena on 16–18 September 2025. The event will welcome 30,000 attendees to a six-stage, industry-wide conference agenda spanning global and emerging markets, payments, affiliation, player protection, and new hands-on ‘Operator Academy’ workshops. Familiar to last year’s attendees and bigger than ever, the Super Stage will also return to the MEO Arena to spotlight headline sessions from the industry’s biggest names;…

Research has revealed increased demand for co-working spaces across the UAE, with the market expected to grow in value by 43% by 2029  The Luxe Developers is attracting a raft of investors and entrepreneurs by integrating state-of-the-art business facilities within its ultra-luxury residential developments  The Luxe Developers’ AED2.3 billion La Mazzoni development combines professional needs with lifestyle aspirations Dubai, United Arab Emirates, May 2025: The Luxe Developers, a leading UAE-based real estate development firm, has highlighted the growing demand for premium residences featuring integrated co-working spaces from high-net-worth investors. This demand is predominantly driven by investors and professionals seeking flexible,…

TASHKENT, UZBEKISTAN, May, 2025: The Huawei Cloud TechWave Summit 2025 concluded today in Tashkent, Uzbekistan, uniting technology leaders and industry experts under the theme “Accelerate Intelligence, Amplify Success.” The summit demonstrated how AI-driven cloud solutions are transforming industries across the Middle East and Central Asia region. “Huawei Cloud Stack is now a key player in the Middle East hybrid cloud market. From cloud native to AI native, Huawei Cloud Stack drives AI and digital transformation through making the leap to the cloud easily and efficiently, helping enterprises better develop and manage, and building their own AI models. Together we pave…